OCR Economics Unit 3 2017 (GCSE)

Any predictions for tomorrow's exam?

Feel like OCR is going to ruin us again such as with 'product market'...

Also, since the stimulus does not have topics such as the EU and currency, I assume that they won't be in the exam, or is it still possible in some way?

Reply 2

physconomics

14

Original post by molot

Feel like OCR is going to ruin us again such as with 'product market'...

Also, since the stimulus does not have topics such as the EU and currency, I assume that they won't be in the exam, or is it still possible in some way?

It's unlikely, but still revise it because they can put random questions in sometimes.

Reply 3

thatcleverguy

12

How was it? Today's exam?

(edited 6 years ago)

Reply 4

DaveJones193

Was i the only one who preferred the paper today to unit 1+2??

Reply 5

thatcleverguy

12

Original post by DaveJones193

Was i the only one who preferred the paper today to unit 1+2??

No lol! How were they overall?

Reply 6

TheMightyBadger

13

Quite an odd paper with three 8 markers, one 10 marker and the 12 marker. That means that 56.75% of that paper was essay questions. Overall, all of the other questions were incredibly easy. The paper was quite easy overall but I just ran out of time, so I may lose 2-5 marks for poor evaluation on the MNCs 8 marker and the 12 marker.

Reply 7

molot

13

This paper was very good, and a lot better than the previous ones. The 12 marker was a bit trickier, however overall, definitely a good paper.

Reply 8

metamorphic

11

What'd you guys put for the 12 marker?

Reply 9

molot

13

Original post by metamorphic

What'd you guys put for the 12 marker?

I talked about Zambia and its economic effects there, kinda just repeated some stuff from the other question, also talked about Australia where it's less affected, as well as explaining the minimal effects on economies which export little to China.

Wasn't much of a fan of the impact questions.

Reply 10

thatcleverguy

12

Original post by molot

I talked about Zambia and its economic effects there, kinda just repeated some stuff from the other question, also talked about Australia where it's less affected, as well as explaining the minimal effects on economies which export little to China.

Wasn't much of a fan of the impact questions.

I wrote about how figure 9 shows that in 2014 the price of commodities fell and this coincides with China's slowdown, this is a benefit due to cost posh inflation in the manufacturing industry

Reply 11

Imtiyaz3812

1

Guys what was that 8/10 marker (not sure which one) talked about the budget deficit and something to do with protectionism.

Reply 12

humayun.h

12

Original post by Imtiyaz3812

Guys what was that 8/10 marker (not sure which one) talked about the budget deficit and something to do with protectionism.

Give one way protectionism can be used to reduce or alleviate (not sure) a trade deficit and one other way. Think that was it

Reply 13

humayun.h

12

Ran out of time for the 12 marker. How many marks do you think I can get with strong L1 and a developed paragraph and a moderately developed paragraph and no conclusion?

Reply 14

Imtiyaz3812

1

Original post by humayun.h

Give one way protectionism can be used to reduce or alleviate (not sure) a trade deficit and one other way. Think that was it

Thank God. Did you guys talk about how they do it? Like with a Embargo, Quota and Tariffs etc.

Reply 15

TheMightyBadger

13

Original post by Imtiyaz3812

Thank God. Did you guys talk about how they do it? Like with a Embargo, Quota and Tariffs etc.

Yes, and for my other reason I said to lower interest rates to depreciate the exchange rate.

Reply 16

humayun.h

12

Original post by Imtiyaz3812

Thank God. Did you guys talk about how they do it? Like with a Embargo, Quota and Tariffs etc.

Think you can only mention one, i said tariffs because it is easy to talk about demand with it.

Reply 17

Imtiyaz3812

1

Original post by TheMightyBadger

Yes, and for my other reason I said to lower interest rates to depreciate the exchange rate.

I said with a Tariff, Quota and an Embargo, do you think they'll accept that?

Reply 18

metamorphic

11

For the 12 marker I talked about its effects on Zambia, which is a country that exported goods to China, and its effects on the UK, which imported goods from China. As for it not impacting countries I talked about countries which did not trade with China as much, although I literally only mentioned this briefly in my analysis - my analysis was mainly comprise of the negative and positive impacts an economic slowdown in China could cause in other countries, including increased unemployment plus trade deficit plus less economic growth in Zambia. Do you think I can get 8/12 with that?