OCR ECONOMICS F582 The National and International Economy [UNIT 2 - 19TH MAY 2015]

Has anybody got access to the 2014 markscheme for OCR F582, this will be greatly appreciated... (I already have the paper)...

I'm retaking F582 this year, as I got a D last year, but did anybody else find the F582 exam really difficult for those that are retaking?

Thanks anyway and any help will be greatly appreciated...

Hi
I found both difficult as heck! Yet I did pretty well in this unit, but not the other one
I realised it is because I didnt attempt enough past papers and did not learn the stufff in depth, such as last years essay question I did the wrong diagrams

I did enough past papers, however the same as you, I simply didn't know the stuff in depth... The exam this year I hope goes a lot better...

Hopefully we succeed :P Cos A2 is a nightmare rn Goodluck ahhh only 24 days left XD

What do you think you struggle on? Any help needed I can try and offer, and maybe we can help each other out?

uhh how harder is a2 econ compared to as..?

Hi guys, can someone please helpme to understand protectionism? Also, how do you evaluate it when mentioning it as a L4 point?

Hi guys, can someone please helpme to understand protectionism? Also, how do you evaluate it when mentioning it as a L4 point?

I would rely on the explanation from the textbook (page 161), the evaluation depends on the question. Tariff (tax on imports), quotas (physical restriction on imports)............

Can you also talk about PED of imports, so even of the price for french wine increases quantity demanded doesn't really fall. Basically, the more price inelastic the imports, the less effective the tarrif?

For the first part you would have to be more specific as to what you don't understand but for the L4 point it is mostly that if you increase free trade restrictions you will decrease imports or if a country's main trading partners reduce their free trade restrictions exports will increase. Both would cause AD to increase and a better balance of payments position due to the better current account position. The problem with the first one though is that you may get retaliation and so other countries may respond by increasing the free trade restrictions resulting in you importing less but also exporting less as well which wouldn't be good.
NOTE - The reason increasing free trade restrictions on imports to your country decreases them is because it raises their price and so makes them less price competitive leading to lower demand leading to less import expenditure. If you need help with anything else feel free to ask.

I would rely on the explanation from the textbook (page 161), the evaluation depends on the question. Tariff (tax on imports), quotas (physical restriction on imports)............

Desperate for 2014 mark scheme as I'm resitting and didn't do the exam last year but two years ago! If anyone's got it I would appreciate it lots