OCR economics synoptic tomoro!!!

Anyone worried? Ive had to teach myself it, any tips would be great

Im doing this too... im guessing that cap reforms and ACs are gonna come up because its very topical and the case study revolves around them... so make sure you learn all the stuff for that... also worth learning all the relevent diagrams... and in the exam try to evaluate everything... if you do a fair bit of evaluation you will get into the top level of marks for each question... so make sure your evaluative techniques is up to scratch... most people don't really need high marks in this... but its gonna be hard... i need 61% in UMS to get A (I did other A2 modules in jan)... but im still worried I won't get that... :frown:

good luck, and i hope this helps

Reply 2

Leeroy

S1M

good luck, and i hope this helps

which relevant diagrams? i need a similar %, and am also worried i wont get it, looking at the past papers. any tips on evaluation?

Reply 3

Leeroy

got any predicted questions from pre release?

Reply 4

S1M

Leeroy

which relevant diagrams? i need a similar %, and am also worried i wont get it, looking at the past papers. any tips on evaluation?

diagrams:
trade creation
" diversion
min price (CAP)
maybe the cobweb theorem?
perfect comp.
maginal social/private benefit/c
keynesian/classicalist ad/as
labour d & s
erm... there must be more... just cant think of them at the moment...

evaluation:
use diagrams to help... say stuff like: depends upon elasticities and the extent of the shifts... and it also depends on which perspective (school of eco) is used... eg keynesian vs monetarist- same effect shows different things on each ad/as diag... erm... you can say that it depends upon whether there is spare capacity (keynesian model) which will determine if infl. occurs or not... and the type of industries present in each country will result in varying effect ie if mostly agric. then AC's will benefit more as they will be net recipients... just stuff like that... well these are general evaluative points that i remember for various questions i have done in the past... evaluation is the key to an A in this paper...

Reply 5

Leeroy

right ill try and remember that, tho i dont recognise many of those diagrams

Reply 6

Leeroy

what do the trade creation/diversion diagrams consist of?

Reply 7

S1M

Leeroy

got any predicted questions from pre release?

i got hundreds*... doesn't really narrow it down too much... its best not to guess whats coming up because you might sub conciously over prioritise those topics in your revision and it might not come up... and something that didn't think would come up does which you didn't prepare for as much... then you are screwed if you get what i mean...
well i am guessing that ACs and CAP reforms would be the topics IMO...
the last question is always about economic integration, euro, eu etc. advantages and disadvantage... so it would be a safe bet to focus a BIT more on advantages and disadvantages of the ACs joining... remember to separate advantages and disadvantages for current members and the ACs
*slight exageration :biggrin:

Reply 8

Leeroy

fancy running thru those pros and cons now?

Reply 9

S1M

Leeroy

what do the trade creation/diversion diagrams consist of?

its a bit too complicated and long winded to explain on here... but ill take a shot at sumarising it... but i hope it doesnt confuse you :s

it shows what happens to trade before and after membership of a customs union... basically, you have the EU price and EU with tariff price... when the tariffs are removed imports go up, domestic supply goes down and overall trade increase, hence trade has been created... certain areas on the diagram show the net welfare gain... ull need a text book to help ya with that...

i dont think its worth me explaining trade diversion... its too complicated for explaining like this... sorry

after a quick search... this looks like it explains it better than me:
http://internationalecon.com/v1.0/ch110/110c030.html

Reply 10

S1M

Leeroy

fancy running thru those pros and cons now?