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    New thread for anyone studying OCR A2 Economics - F585 The Global Economy for the exam in June 2015.

    Last year's thread was popular and provided a lot of help to those taking the exam so I'm hoping it can be the same this year.

    Discuss, ask questions, share opinions/analysis/information and predicted questions about the case study and exam here.

    Link to the stimulus material:
    HTML Code:
    http://www.ocr.org.uk/Images/81802-unit-f585-stimulus-material-june-2015.pdf
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    Hi there,

    While you're waiting for an answer, did you know we have 300,000 study resources that could answer your question in TSR's Learn together section?

    We have everything from Teacher Marked Essays to Mindmaps and Quizzes to help you with your work. Take a look around.

    If you're stuck on how to get started, try creating some resources. It's free to do and can help breakdown tough topics into manageable chunks. Get creating now.

    Thanks!

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    Hi, I've not yet got into this but I'm a private candidate and it'd be great if we could discuss templates for answering questions etc through out the year.
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    The 20 mark question at the end will be "Comment on whether Globalisation is beneficial to Developing countries"

    Every single year the final paragraph in the intro gives away what the 20 mark will be - just check out any previous stimulus material.
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    For fun - here's the answer.

    L3 - Yes It is beneficial

    Benefits of trade as a result of globalisation (comparative advantage/specialisation, bring in some economies of scale into this point)
    Benefits of FDI as a result of globalisation (Draw LRAS shifting right or AD shifting right)
    Knowledge/Technology transfer as a result of globalisation (from MEDCs to LEDCs)

    L4 - No it isn't

    Costs of trade (Could do trade diversion diagram here. Then point out that MEDCs in local areas (e.g. EU/NAFTA) tend to not let developing countries further away in so they will always be the losers when trading with MEDCs - Plus add in here that LEDCs tend to produce low value add goods which means it's easy for MEDCs to up sticks and find another trading partner.
    Costs of FDI - it's fickle and could move suddenly, MEDCs dictate terms of trade
    Foreign workers - There are 250k Chinese people living in Angola, so top level jobs are kept open for foreign workers who just repatriate income and don't really benefit local economy.

    L4+

    Globalisation isn't perfect but if you're trying to fill the savings gap (as per Harrod-Domar) and make Investment happen then it's a great option.
    Globalisation can be beneficial for countries if their cultures are exported around the world. This could boost tourism or trade for local articles (e.g. Jamaica and Marijuana...!)

    Conclusion - Whether or not globalisation benefits a developing nation largely depends upon the terms of trade. If they rely on and trade with MEDCs and tend to offer only low- value add services then it's likely that globalisation will not be as beneficial for this country as they might hope.
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    Here's a question using only extract 1.
    Comment on the extent that the UK is going through a recovery cycle in the economic cycle (10/20marks)

    Discuss?
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    (Original post by chocolattelee)
    Here's a question using only extract 1.
    Comment on the extent that the UK is going through a recovery cycle in the economic cycle (10/20marks)

    Discuss?
    With all due respect there isn't enough content in the syllabus for a 10 mark question on that.
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    (Original post by Kerpal)
    With all due respect there isn't enough content in the syllabus for a 10 mark question on that.
    Hmm I am not sure then. My teacher set us a 10 marks on that. Expected to talk about the gdp and unemployment ...well discus to however mark you able ... probably she wants us to keep expanding and expanding


    Posted from TSR Mobile
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    Looking at extract 1, I would learn everything in question 1(a): http://www.ocr.org.uk/Images/62130-m...onomy-june.pdf
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    What is your opinion of AS compared to A2 now...I find it very boring and sometimes hard (well it is due to because of the method being taught is different now). Oooh question is very wordy, 10 marks...20 marks...
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    Lol no one replied, anyway I have another question
    Explain how economic integration in the EU has changed over the years? (6)
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    (Original post by chocolattelee)
    What is your opinion of AS compared to A2 now...I find it very boring and sometimes hard (well it is due to because of the method being taught is different now). Oooh question is very wordy, 10 marks...20 marks...
    Yeah, the questions are longer and the content is extended from AS. My plan atm is too learn all the content and analyse the case studies. As time goes on, we will learn more about the structure to answering the long answer questions.

    How do you find micro? Do you do Labour or Transport?
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    (Original post by Fade)
    Yeah, the questions are longer and the content is extended from AS. My plan atm is too learn all the content and analyse the case studies. As time goes on, we will learn more about the structure to answering the long answer questions.

    How do you find micro? Do you do Labour or Transport?
    Micro is alright...
    I am doing labour, F583
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    Anyone got any notes for FDI?
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    I am half understanding this module! Hopefully labour would be easier!
    I am not sure if it's due to the fact that my teacher nearly covered the whole module thing in a super fast light speed blah blah pace.
    We are bound to finish this module before we break up which is next week?

    Any thoughts on :

    UK government policies to boost international competitiveness?
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    (Original post by Makashima)
    Any thoughts on :

    UK government policies to boost international competitiveness?
    Supply side policies
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    (Original post by Kerpal)
    Supply side policies
    Hmm indeed, so nothing else?
    Well isn't that pretty much using the AS knowledge and expanding on it.
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    (Original post by Makashima)
    Hmm indeed, so nothing else?
    Well isn't that pretty much using the AS knowledge and expanding on it.
    Yes.

    You can throw in some Harrod-Domar or accelerator/multiplier if you want to jazz it up but it's essentially an AS question
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    (Original post by lam12)
    Hey,

    Is anybody doing Transport Economics?
    Yes How you finding it?
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    (Original post by lam12)
    It seems okay, we're just currently going through exam questions and how to answer them. Our teacher says there isn't a lot of knowledge to learn, you?


    Posted from TSR Mobile
    Yeah we're just going through the content atm, we had a few exam question practice for recent tests which have been good. Theres lots more diagrams this year compared to F581 last year, more than just shifting demand and supply about

    Currently we are about to start chapter 7 on Market Failure in transport markets, where are you upto?
 
 
 

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