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Question spotting for F585 Economics The Global Economy OCR A level June 2011 watch

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    I am really worried about the exam. ANy ideas of questions?

    Any ideas of model answers?

    I am happy to swap with people- I heard the APT resource is good can anyone email it to me?
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    (Original post by simonc1993)
    If interest rates are low, then 'hot money' (money invested into the UK by other countries) leaves the UK as investors get a smaller return for their money. This means our currency's demand will fall and supply will rise. This will cause the value ('price') of our currency to depreciate (it helps if you draw a demand/supply diagram to see how this works.) And it works vice versa for a rise in interest rates.
    And cheers for the tip on the monetary policy question. I'm afraid I don't have any but I noticed there's some in the back of the tutor2u guide, not to sure how accurate they are. I think my college is typing up a couple of mock tests, one I'm doing in a couple of weeks, so I'll email them to you once they're on my college website.
    Oh! hahaha thanks! but i already had my cousin explain it to me and i get it now! haha you both pretty much explained it the exact same way too! she's going to be doing economics too!

    no problem, wasn't that useful, but atleast we know that we need to pick out key words and explain in depth how they work, if there's a question like that :P
    Thanks! i'll have a look at them!...i want to just do as many questions as posisble to get in to the habit of knowing how to write things and what exactly to write i guess and i really need to learn my stuff! i.e definitions! :/...
    Thank you! if anything useful ever comes up, i'll be sure to let you know
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    Try to ask me q's if you want, even though im retaking il try to revise that way.
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    Guys, don't question guess.

    Learn everything well and you're sorted.
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    (Original post by therealOG)
    Guys, don't question guess.

    Learn everything well and you're sorted.
    Agreed, but it's also good to be prepared through having an idea of some of the questions that could come up, particularly for the essay one at the end, so you've already got a rough plan in your head. Obviously wthout getting too tied down to the questions speculated.
    I'd say it's best to learn the whole course first, and then work out how you'd answer particular questions.
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    (Original post by simonc1993)
    Agreed, but it's also good to be prepared through having an idea of some of the questions that could come up, particularly for the essay one at the end, so you've already got a rough plan in your head. Obviously wthout getting too tied down to the questions speculated.
    I'd say it's best to learn the whole course first, and then work out how you'd answer particular questions.
    Yeah, the extracts give a good indication of the type of questions that will be coming up.

    What UMS do you need for an A/A*?
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    (Original post by therealOG)
    Yeah, the extracts give a good indication of the type of questions that will be coming up.

    What UMS do you need for an A/A*?
    Do you mean normally or me personally?

    80 UMS is for an A and 90 UMS averaged out across the 2 papers is an A*.

    For me, I can get 46 for an A and 80 for an A*
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    (Original post by simonc1993)
    Do you mean normally or me personally?

    80 UMS is for an A and 90 UMS averaged out across the 2 papers is an A*.

    For me, I can get 46 for an A and 80 for an A*
    I mean for you personally, I ain't that stupid lol

    HOT DAMN, you musta merked the January paper, well done buddy (Transport or Labour?)

    I need 41/100 for an A and 87/100 for an A*

    Was really hoping that I could get higher in the Transport paper, oh well.
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    (Original post by therealOG)
    I mean for you personally, I ain't that stupid lol

    HOT DAMN, you musta merked the January paper, well done buddy (Transport or Labour?)

    I need 41/100 for an A and 87/100 for an A*

    Was really hoping that I could get higher in the Transport paper, oh well.
    Sorry, I just realised how patronising that must have sounded :P

    I did the transport paper.
    Yeah, I'd revised quite a lot on deregulation of the airline industry (Section B) and one of my teachers was obssessed with negative externalities/congestion (which was pretty much all of Section A.) If the paper was more driven towards CBA I'd have been screwed.

    Looks like you aced the AS exams though. I think it's a shame that AS results aren't incoporated more into the A* scheme. It means someone could get 160 UMS in the first year and 180 in the second (totalling 340) and still get an A*. Whereas, someone else could get 200 UMS in the first year and 179 in the second year (totalling 379) and only get an A. Just seems a bit unfair....
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    just wondering if anybody could email me this tutor2u pack that people are talking about, my email address is [email protected]
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    can someone email me the toolkit please? i will pm my email address cheers
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    hiya can anyone help me, Im really confused about this exam im not sure what i need to revise and what not. what is the purpose of the stimulus booklet which everyone is given? And also does anybody know any websites or cheap books which will help with my revision? Thanks
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    (Original post by kyle15)
    hiya can anyone help me, Im really confused about this exam im not sure what i need to revise and what not. what is the purpose of the stimulus booklet which everyone is given? And also does anybody know any websites or cheap books which will help with my revision? Thanks
    This paper is not as tricky as it looks all you need to do is set your revision towards the extracts you should have by now.. such as convergence and the business cycle for extract 1 and so forth.. this paper actually allows you not having to study some parts of the book like the ending of development and sustainability.
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    hiya, is anyone able to send me the toolkit? I have no idea what to revise.


    Thanks alot
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    COMMENT ON THE EXTENT TO WHICH THE INTERNATIONAL COMPETITIVENESS OF THE PIIGS CAN BE TACKLED BY MONETARY POLICY (10 Marks)

    Anyone have any ideas on how to go about answering this type of question ?

    I've got ideas about adding :

    -For and Against Monetary Policy
    -Inter and Intra Trade (anyone got any info on these two i heard a brief description about them but cant find them in the textbook)
    -Expansionary and Unorthodx Monetary Policy...

    Any help appreciated,

    Thanks
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    (Original post by FullyGrown)
    COMMENT ON THE EXTENT TO WHICH THE INTERNATIONAL COMPETITIVENESS OF THE PIIGS CAN BE TACKLED BY MONETARY POLICY (10 Marks)

    Anyone have any ideas on how to go about answering this type of question ?

    I've got ideas about adding :

    -For and Against Monetary Policy
    -Inter and Intra Trade (anyone got any info on these two i heard a brief description about them but cant find them in the textbook)
    -Expansionary and Unorthodx Monetary Policy...

    Any help appreciated,

    Thanks
    I think that would be a huge amount of the 10 marks. I'd offer a freely floating exchange rate as a better (yet for the PIIGS, unattainable) alternative.

    The only thing I'd have added to this is whether it's ever realistic to think that monetary policy will benefit the PIIGS economies at the expense of the likes of Germany, when they constitute such a small percentage of the euro area's GDP. Since the ECB work by the euro area average, I would conclude that monetary policy would not only be ineffective, but also not even be employed unless there is complete convergence between them and the main powers (Germany and France). I'd back this up with the recent quarter point increase in interest rates that is to the detriment of the PIIGS and the benefit of Germany.

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    (Original post by FullyGrown)
    COMMENT ON THE EXTENT TO WHICH THE INTERNATIONAL COMPETITIVENESS OF THE PIIGS CAN BE TACKLED BY MONETARY POLICY (10 Marks)

    Anyone have any ideas on how to go about answering this type of question ?

    I've got ideas about adding :

    -For and Against Monetary Policy
    -Inter and Intra Trade (anyone got any info on these two i heard a brief description about them but cant find them in the textbook)
    -Expansionary and Unorthodx Monetary Policy...

    Any help appreciated,

    Thanks
    Not sure any of that will get any marks.

    -Higher interest rate -> reduce inflationary pressure -> reduce unit labour costs
    -New currency -> allow it to devalue -> reduce relative unit labour costs

    mehhh should be able to evaluate enough for 10 marks
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    can anyone feeling in a good mood send me the toolkit please? I've got a feeling my email is publically displayed but if not could you pm me and I'll send it thanks
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    (Original post by SYNman)
    can anyone feeling in a good mood send me the toolkit please? I've got a feeling my email is publically displayed but if not could you pm me and I'll send it thanks
    pm me I will send it
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    Something that might be useful - the growth rates they've used on the chart for 2010/2011 are forecasts, it might be useful to look up the actual growth figures for the PIIGS economies. If any compare questions come up, apparently the best thing to do is to use the figures in the graph and compare the two specified countries, then write at the bottom, "However, the 2010 and 2011 figures stated in the graph are forecasts, and in actual fact..."
 
 
 
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