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A2 OCR Economics F585 June 2016 watch

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    (Original post by tiengoku)
    How did you revise for global because there's a severe lack of past papers that we can use and did you do any background reading into the topics?
    I briefly took notes on all of the topics from the OCR textbook but I wouldn't say this is neccassary. Prioritise your revision around the topics in the stimulus material. I'm sure you can find there are a few questions in past exams based on the topics in this years stimulus material albeit in a different context. It would still be good to look at the mark scheme/examiners reports to see how marks are awarded for these questions.
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    Any predicted questions?
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    Just wondering I'm revising using both OCR book and tutor2u revision guide. How important are the facts and figures in the revision guide will it be required in the exam and if not loose marks.

    Also what topics should I concentrate on I've done fdi, Harrod domar model, supply side polices, comparative advantage Im not sure what else.
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    Its getting close to that all important revision time. Lets make this thread really useful and bag ourselves 20 marks.

    The last 20 mark essay will be on supply side policies, with potential for OCR switching it up and doing it on extract 1, which will be globalisation.

    Lets start sharing evaluation, analysis, definitions ect and build the perfect answer for both essays (supply-side/globalisation).

    Easy 20 marks if we all pitch in

    Message me if you want to start a google doc so we can work on it together. Aiming for A* so i want it to be an effective and serious revision tool
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    If you don't use the figures in the extract to back up your answers you won't get many marks at all btw guys...
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    we could start answering tutor2u questions: ill do it basic if you lot want to add go ahead my computer keeps freezing so dont want to type for like 1 hour and then BANG frozen

    • Figure 1.1 shows trade as a percentage of GDP for four selected economies. Explain two reasons why the trade-to-GDP ratio might vary so much between countries- trade to gdp is the sum of export and imports divided by the value of all GDP, comparative advantage for each economy is different where developing economies are reliant labour intensive production where as others have CA with capital intensive productions based on heckscher-ohlins theory they will do this as resources are abundant.
    • developing economies like malawi and zambia are reliant on there natural resources the demand for which are inelastic (data from Tutor 2u can be added on) whereas developed economies like australia who have a higher level of economic complexity sell a wider range of goods and services where demand is far more elastic
    • "Economic theory provides strong support for the process of globalisation in terms of the benefits of increased economic efficiency”- the process that have resulted in ever closer links between the world economies, increased competition due to reduction of trade barriers e.g tariffs, embargos etc, access to technology increasing quality and quantity increasing AS resukting in lower prices due to lower unit cost- monopolies lose power in markets for this reason (SNP competed away). consumer welfare maximized to due to wider choice of products leading to higher quality products lower prices, specialisation of mncs
    however increase in unemployment, corruption, depletion of reosurces in host country by mncs, fall in FDI
    • "One of the many factors promoting globalisation has been a reduction of trade barriers, including import tariffs.” With the aid of a diagram, analyse how a reduction in import tariffs might promote globalisation
    indirect tax curve? lower prices
    • Describe what is meant by economic efficiency- whee allocation and productive efficiency is being achieved
    • Distinguish between absolute and comparative advantage- absolute advantage- where one country produces more goods and services with the same amount of scare resources such that unit costs are lowered in theory for 2 countries 1 country will have abs adv in product and another country willl have a abs in another. comparative advantage where a country can produce goods and services at a lower opportunity cost than another.
    • Distinguish between specialisation and the division of labour- specialization concentration of worker,workers,firms,region or whole economy on a narrow range of goods and services, div of labour- specialization of labour where the production process is broken down into separate tasks
    this is just a quick answer so feel free to add, criticize, compliment, send nudes etc...
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    (Original post by jellams11)
    Its getting close to that all important revision time. Lets make this thread really useful and bag ourselves 20 marks.

    The last 20 mark essay will be on supply side policies, with potential for OCR switching it up and doing it on extract 1, which will be globalisation.

    Lets start sharing evaluation, analysis, definitions ect and build the perfect answer for both essays (supply-side/globalisation).

    Easy 20 marks if we all pitch in

    Message me if you want to start a google doc so we can work on it together. Aiming for A* so i want it to be an effective and serious revision tool
    It can't be on extract 1, the paper has to be consistent with previous years. Economic zones, supply side constraints or private vs public sector investment are more topics more likely to come up.
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    I was just thinking maybe they might screw us over this year and mix it up, hence prepare for extract 1 too. I'm sure there will be a question on globalisation in the paper somewhere so no harm in covering it. Also we have two people on the Google doc so if you are interested let me know. All aiming for a*s so looking for a good commitment
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    can someone give the general guideline in what topics are the most importants for this exam ive already got comparative advantage, absolute advantage, globalisation, supply side policies AS with Washington conseus im not sure about exchange rate
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    (Original post by manik95)
    can someone give the general guideline in what topics are the most importants for this exam ive already got comparative advantage, absolute advantage, globalisation, supply side policies AS with Washington conseus im not sure about exchange rate
    Divide the topics by extract. Washington consensus is not really a topic. Exchange rates are mentioned in extract 2.
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    (Original post by jellams11)
    I was just thinking maybe they might screw us over this year and mix it up, hence prepare for extract 1 too. I'm sure there will be a question on globalisation in the paper somewhere so no harm in covering it. Also we have two people on the Google doc so if you are interested let me know. All aiming for a*s so looking for a good commitment
    sounds like a good idea, i can try help with those questions as well
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    (Original post by Yousf)
    sounds like a good idea, i can try help with those questions as well
    if you want we can start on the preparation on here this way we can get more people involved rather than just wait for 1 document.
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    (Original post by keynes24)
    Divide the topics by extract. Washington consensus is not really a topic. Exchange rates are mentioned in extract 2.
    yeah i mean im sort of panicking im doing all economic papers and im sort of getting confused with everything
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    (Original post by man i)
    if you want we can start on the preparation on here this way we can get more people involved rather than just wait for 1 document.
    Yeah we could do that as well
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    (Original post by keynes24)
    It would be a nice question. It could also refer to how those structural issues may prevent development.
    I'm new to the student room but I want a perfect answer for the 20 marker...i'm also guessing it'll be supply side policy.....is there a google doc I can be added to?
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    (Original post by jellams11)
    Its getting close to that all important revision time. Lets make this thread really useful and bag ourselves 20 marks.

    The last 20 mark essay will be on supply side policies, with potential for OCR switching it up and doing it on extract 1, which will be globalisation.

    Lets start sharing evaluation, analysis, definitions ect and build the perfect answer for both essays (supply-side/globalisation).

    Easy 20 marks if we all pitch in

    Message me if you want to start a google doc so we can work on it together. Aiming for A* so i want it to be an effective and serious revision tool
    Yeah i'll work on the google doc with you guys too, PM me
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    I would like to help with the preparation, either on here or the google doc, do you have an examples of 20 mark questions to use?
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    Last year's 20 marker was on globalisation so I doubt they'll do the same thing again


    Posted from TSR Mobile
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    20 mark will be on supply side reforms
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    Guys have you got the ATP pack? We can start doing questions on from those. PM I'm starting to making questions and answers on each extract. Pitch in if you guys want to work together x


    Posted from TSR Mobile
 
 
 
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