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F581/ F582 Economics June 2013 Watch

  • View Poll Results: How hard did we find this exam ?
    so hard i felt like crying through the exam
    13
    12.50%
    very difficult , but one or two were alright
    13
    12.50%
    fairly standard
    33
    31.73%
    quite easy , with one or two hard ones
    35
    33.65%
    so easy i felt like dancing throughout the exam
    10
    9.62%

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    I think it's hard to tell the 18 marker really because if you look at all the past ones they are always based around a government policy relating to inflation or growth.
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    Everyone ready for tomorrow? Good luck xxx
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    what is it for an A and 90 ums?
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    (Original post by iggyDash)
    what is it for an A and 90 ums?
    January 2013 it was 45/60 to get an A and that was 80 UMS


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    (Original post by iggyDash)
    what is it for an A and 90 ums?
    It changes with every exam but if you take it that there's five raw marks for every 10 UMS marks:

    January 2013 - 90 UMS = 50 marks, 80 UMS (A) = 45 marks
    June 2012 - 90 UMS = 51 marks, 80 UMS (A) = 46 marks
    January 2012 - 90 UMS = 52 marks, 80 UMS (A) = 47 marks
    June 2011 - 90 UMS = 50 marks, 80 UMS (A) = 45 marks

    And so on

    It really just depends on the exam but you'll be looking at low-50s out of 60 to get 90 UMS. Hope this helped!
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    (Original post by iggyDash)
    what is it for an A and 90 ums?
    It is usually around 48/60 for an A which is 80ums so I'd say around 55/60?
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    Hi, I'm new to the forums here Can anyone help with my question?

    On the spec for F582 it says 'show an awareness of trends in economic growth, unemployment, inflation and the current account of the balance of payments' and also 'show an awareness of the changes in the UK's pattern of international trade since 2000'. Just how in-detail does this 'awareness' have to be because I've never seen any past paper questions relating to this??! Thanks!
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    (Original post by TabloidBacon)
    It changes with every exam but if you take it that there's five raw marks for every 10 UMS marks:

    January 2013 - 90 UMS = 50 marks, 80 UMS (A) = 45 marks
    June 2012 - 90 UMS = 51 marks, 80 UMS (A) = 46 marks
    January 2012 - 90 UMS = 52 marks, 80 UMS (A) = 47 marks
    June 2011 - 90 UMS = 50 marks, 80 UMS (A) = 45 marks

    And so on

    It really just depends on the exam but you'll be looking at low-50s out of 60 to get 90 UMS. Hope this helped!

    Thanks so low 50s. Need around 39 and 13 on the essay
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    (Original post by iggyDash)
    Thanks so low 50s. Need around 39 and 13 on the essay

    No problem! Yeah, I think that sounds about right, just depends on how difficult the paper is really
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    Anybody else in panic mode at the moment? I've pretty much resorted to staring at my file hoping those last few definitions will soak into my brain before tomorrow morning.
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    Guys, do u think they would have a questions of various type of international trade restriction ? Cus I feel like there ain't many questions about this in past papers. Do u think it may come out tmr?


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    (Original post by Tweak6)
    Anybody else in panic mode at the moment? I've pretty much resorted to staring at my file hoping those last few definitions will soak into my brain before tomorrow morning.
    Same things happen to me...


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    Hey Guys, would somebody be able to confirm that one of my points for the Essay Question Jan 2010 is valid/give me some pointers? The question is:

    Discuss the extent to which a reduction in the rate of interest can be effective in increasing consumer expenditure and investment.'

    My Point:
    Increased FDI due to low interest rates may prove to reduce investment in firms that are large exporters, as an increase in FDI is likely to lead to an increase in the exchange rate, causing imports to be cheaper but exports to be more expensive - firms that are large exporters may loose revenue, reducing the possibility of investment. However, firms that will import capital goods as investment may be more likely to invest, as imports will be cheaper.
    (Not my whole essay just one point haha)
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    (Original post by May-o2q)
    Guys, do u think they would have a questions of various type of international trade restriction ? Cus I feel like there ain't many questions about this in past papers. Do u think it may come out tmr?


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    I think you might be right! One thing in the spec is 'free trade vs protectionism' which I don't believe has ever come up?
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    What will the last question be on?
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    Name:  1367352031303s.jpg
Views: 39
Size:  2.9 KB
    Guys, please can someone give me a comprehensive list of possible definitions we may be asked? In the text book there are loads of definitions and only a few of them often come up, i did this with F581 and it worked really well but i haven't had time to do it really, can someone help?

    edit: I mean for F582 btw friends
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    What is the last question on?
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    here are the list of definition your ment to know according to the spec

    aggregate demand
    aggregate supply
    what is meant by macroeconomic equilibrium in the macro economy
    circular flow of income
    economics growth
    unemployment
    inflation
    the balance of payments
    income redistribution
    economic stability
    infation
    gdp
    real gdp
    fical policy
    monetary policy
    supply side policy
    tarrif
    international trade

    hope this helps
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    What is a current account deficit? Is it different to a budget deficit?
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    (Original post by iggyDash)
    here are the list of definition your ment to know according to the spec

    aggregate demand
    aggregate supply
    what is meant by macroeconomic equilibrium in the macro economy
    circular flow of income
    economics growth
    unemployment
    inflation
    the balance of payments
    income redistribution
    economic stability
    infation
    gdp
    real gdp
    fical policy
    monetary policy
    supply side policy
    tarrif
    international trade

    hope this helps
    yeah, cheers i didn't realise they were on the spec thanks
 
 
 
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