Edexcel Economics Unit 4 Global Economy Discussion Thread (10.June.2014)

Well played , didn't think of that until after. Going to be relying on my results from my first three modules I think

They really were poorly worded! I've read a few people have done that though, so you're at least not alone! Reckon I'll be credited at all for any of C, D or E Then? Or am I looking at a big fat 0...

Guys just wondering for 4c is it valid to suggest that gini went up by talking about oligarchs incrussia and that the increasing oil prices and growth would reduce relative poverty however the income of these super rich oligarchs would go up at a faster rate than of the normal population as they yield most of the benefits also talked about other things but is this valid?

Guys just wondering for 4c is it valid to suggest that gini went up by talking about oligarchs incrussia and that the increasing oil prices and growth would reduce relative poverty however the income of these super rich oligarchs would go up at a faster rate than of the normal population as they yield most of the benefits also talked about other things but is this valid?

The queston talked about reforms in the labour market .Surely changes in education or JSA arent reforms of the labour market.Other policies like increasing the flexibility or reducing the cost of hiring and firing or minimum wage are reforms of the labiur market

So basically I did it wrong, 12 marks aswell. I thought it said ''assess the reasons why countries in figure 4 would want to reduce their current account imbalances''


Posted from TSR Mobile

No, you are right!
The actual question was "Assess the likely reasons for countries to reduce their current account imbalances." I remember the likely reasons bit. So yeah, basically you answered it right.

Guys it was assess the likely reasons that have caused a reduction in trade imbalances with reference to Figure 4 which showed all the countries in the Eurozone with reduced deficits and Germany with reduced surpluses. Figure 4 matched the description of the question as you had to refer explicitly to countries in the Eurozone.

Anyone have any other exam today??

Posted from TSR Mobile

Guys it was assess the likely reasons that have caused a reduction in current account imbalances with reference to Figure 4 which showed all the countries in the Eurozone with reduced deficits and Germany with reduced surpluses. Figure 4 matched the description of the question as you had to refer explicitly to countries in the Eurozone.

for the global imbalances question i wrote all the right factors but i misinterpreted the graph and therefore said how germany had reduced a deficit rather than a surplus.Would istill gain the marks as i had the correct factors down for what caused the deficit to decrease which was the question?

Did we have to do conclusions? I read somewhere in the markscheme levels ''to reach a valid conclusion''


Posted from TSR Mobile

I quoted all that from the revision guide under the section of "labour market policies" and the definition of "reform" is "make changes in order to improve it". Which is what all those factors do; they improve the labour market by increasing productivity levels.