Turn on thread page Beta
    Offline

    0
    ReputationRep:
    Anyone remember in the question about the increase in taxation, was the diagram already labelled for us??
    Offline

    0
    ReputationRep:
    does anyone know how much we need to know about the circular flow of income for the f582 exam? every time i see a diagram online they all have different labels.
    Offline

    10
    ReputationRep:
    (Original post by Pato1)
    And June 12 is a piece of cake compared to our paper
    For the information failure of production, do you think we get 2marks for defining what information failure is?
    Offline

    2
    ReputationRep:
    for essay i did this: intro+how it works in one parap2-advantage of permit
    p3-advantage of permit
    p4-what indirect tax are+how it works
    p5-advantage
    p6-disadvantage of permit
    p7-disadvantage of permit
    p8-disadvantage of tax
    p9-disadvantage of tax
    p10-comparision + judgement

    i made a mistake here since i was meant to do disadvan of permits in p4, p5 but i did tax by mistake so kinda messed up structure.How many marks out of 18?

    Also as an advantage for indirect tax i wrote about if good is inelastic government will get more tax revenue since consumers will still carry on buying the demerit good.....etc
    would this be right
    I am really worried about this essay question since im not sure about the structure and the advantage which i stated above
    Offline

    0
    ReputationRep:
    for the 18 marker on pollution permits, I didn't apply my answer to the context/case study at the start as i didn't feel it was necessary although usually this is expected for f581, will this lose me marks at all??

    also, has anyone got any predictions for the 18 marker for f582 or any links to the 2015 f582 paper?
    cheers
    Offline

    1
    ReputationRep:
    anyone got any predictions for f582?
    Offline

    2
    ReputationRep:
    (Original post by Newitt97)
    for the 18 marker on pollution permits, I didn't apply my answer to the context/case study at the start as i didn't feel it was necessary although usually this is expected for f581, will this lose me marks at all??

    also, has anyone got any predictions for the 18 marker for f582 or any links to the 2015 f582 paper?
    cheers
    I don't have links to the paper but I could send you the questions or take a picture ? I got 49/60 in my paper so I ca give you what I wrote
    Offline

    12
    ReputationRep:
    (Original post by CheekySploon)
    anyone got any predictions for f582?
    Honestly, I've looked at every single F582 essay and it's impossible to predict what it'll be. They've only repeated an essay once (interest rates). So at this point you should revise everything. As an A2 student you shouldn't find F582 difficult compared what we're doing in F585.
    Offline

    12
    ReputationRep:
    In order of year released;

    Discuss whether reducing tax rates always increase econ. growth
    Discuss whether an economy will always benefit when CA BOP moves from Deficit to Surplus
    Discuss whether an increased Ex. Rate will always reduce it's inflation rate
    Discuss whether a reduction in AS is harmful to econ performance
    Discuss whether an increase in gov. spending on education will always increase econ. growth
    Discuss whether Inflation is always harmful to an economy
    Discuss the effectiveness of lowering interest rates to stimulate ecom. growth
    Discuss the effectiveness of reducing gov. spending in order to reduce demand pull inflation
    Discuss the extent to which econ. growth may benefit the economy
    Discuss the extent to which a reduction in interest rates will increase consumption and investment
    Discuss the extent to which to which an increase in AD may affect output, unemployment and inflation

    Discuss the causes of economic growth (specimen)
    Offline

    12
    ReputationRep:
    G Conomics reckons that Ex rate & BOP will appear
    Offline

    2
    ReputationRep:
    (Original post by r-star)
    for essay i did this: intro+how it works in one parap2-advantage of permit
    p3-advantage of permit
    p4-what indirect tax are+how it works
    p5-advantage
    p6-disadvantage of permit
    p7-disadvantage of permit
    p8-disadvantage of tax
    p9-disadvantage of tax
    p10-comparision + judgement

    i made a mistake here since i was meant to do disadvan of permits in p4, p5 but i did tax by mistake so kinda messed up structure.How many marks out of 18?

    Also as an advantage for indirect tax i wrote about if good is inelastic government will get more tax revenue since consumers will still carry on buying the demerit good.....etc
    would this be right
    I am really worried about this essay question since im not sure about the structure and the advantage which i stated above
    You should be fine as long how you said it corrects market failure and when you talked about other solutions, you related back to the question.
    Offline

    2
    ReputationRep:
    (Original post by Sophieem28)
    does anyone know how much we need to know about the circular flow of income for the f582 exam? every time i see a diagram online they all have different labels.
    Know what it is and what the leakages and injecions are and how the multiplier works.
    Offline

    1
    ReputationRep:
    Leakages
    1) Savings
    2) Taxes
    3) Imports

    Inflows
    1) Government spending
    2) Exports
    3) Investment

    Multiplier effect

    Example: When injections exceed leakages. The rise in Aggregate demand will have a greater effect on the economy.
    The multiplier effect occurs as when people spend money, the expenditure becomes the income of those who sell them the products. They in turn, will spend some of the money they receive
    Offline

    0
    ReputationRep:
    Guys whats the likely 18 marker? for F582
    Offline

    1
    ReputationRep:
    Does anyone have predictions for the f582 paper? All the past papers are very similar with the question types...


    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    what is income redistribution and economic stability definitions?
    Offline

    2
    ReputationRep:
    (Original post by mihaf)
    what is income redistribution and economic stability definitions?
    Economic stability - refers to an environment that enhances macroeconomic performance whilst avoiding volatility in exchange , inflation , unemployment and economic growth rates
    Offline

    1
    ReputationRep:
    (Original post by mihaf)
    what is income redistribution and economic stability definitions?
    Income redistribution is done in order to ensure everyone has access to basic necessities. So transferring some income from the rich to the poor.

    There's not really a definition, read it up in the ocr economics book


    Posted from TSR Mobile
    Offline

    0
    ReputationRep:
    (Original post by Newitt97)
    for the 18 marker on pollution permits, I didn't apply my answer to the context/case study at the start as i didn't feel it was necessary although usually this is expected for f581, will this lose me marks at all??

    also, has anyone got any predictions for the 18 marker for f582 or any links to the 2015 f582 paper?
    cheers
    https://www.dropbox.com/s/knd2slzz5x...0F582.pdf?dl=0

    (Original post by Sophieem28)
    does anyone know how much we need to know about the circular flow of income for the f582 exam? every time i see a diagram online they all have different labels.
    I highly doubt you'll need to label a diagram of the circular flow in the exam, since I don't believe I've ever seen them ask a question like that. However, you'll need to know what it is and be able to explain it (i.e. definition, injections and leakages/withdrawals, multiplier effect due to the marginal propensity to consume etc.).

    (Original post by Arlenambxx)
    Leakages
    1) Savings
    2) Taxes
    3) Income

    Inflows
    1) Government spending
    2) Exports
    3) Investment

    Multiplier effect

    Example: When injections exceed leakages. The rise in Aggregate demand will have a greater effect on the economy.
    The multiplier effect occurs as when people spend money, the expenditure becomes the income of those who sell them the products. They in turn, will spend some of the money they receive
    Income isn't a leakage... the one you're missing is imports (M).

    (Original post by mihaf)
    what is income redistribution and economic stability definitions?
    They aren't in the OCR textbook, which means that they're probably unlikely to come up as the same people who write the exam write the textbook.
    Offline

    2
    ReputationRep:
    Any predictions ??purely for trivial purposes
 
 
 

University open days

  1. University of Bradford
    University-wide Postgraduate
    Wed, 25 Jul '18
  2. University of Buckingham
    Psychology Taster Tutorial Undergraduate
    Wed, 25 Jul '18
  3. Bournemouth University
    Clearing Campus Visit Undergraduate
    Wed, 1 Aug '18
Poll
How are you feeling in the run-up to Results Day 2018?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.