Qualification > Commerce
Economics Paper 2 Discussion HERE!
hdbkiwi:
--- Quote from: al noor on June 09, 2009, 12:47:52 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:45:54 pm ---
--- Quote from: al noor on June 09, 2009, 12:38:13 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:28:46 pm ---
--- Quote from: al noor on June 09, 2009, 12:26:28 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:24:26 pm ---What did you write
--- End quote ---
What did i write wat??
--- End quote ---
social cost and benefit..there was only 1 stupid thingy in the exam and this was it
--- End quote ---
I wrote the definitions and gave example ;)..
what did u write for the 10marks question abt the saving,spending and borrowing??
--- End quote ---
ohh that!like if inflation goes up than spending decreases as products become more expensive and the purchasing power diminishes and also consumers become less certain about the future.I wrote its opposite effect as well that if inflation goes down spending would increase cuz..........for saving i wrote if inflation goes up than saving increases as firstly consumers will want to save money till the prices decrease and also normally a high inflation brings with high intrest rates so now they find it more profitable to save so saving increases.
--- End quote ---
OMG i wrote the same answer :D....and what did u say abt borrowing??
--- End quote ---
me too^^ for borrowing I said investors would borrow less because of unstable economy due to price flutuations-however, if inflation was only small, it wouldn't affect that much.
Freaked12:
--- Quote from: al noor on June 09, 2009, 12:47:52 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:45:54 pm ---
--- Quote from: al noor on June 09, 2009, 12:38:13 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:28:46 pm ---
--- Quote from: al noor on June 09, 2009, 12:26:28 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:24:26 pm ---What did you write
--- End quote ---
What did i write wat??
--- End quote ---
social cost and benefit..there was only 1 stupid thingy in the exam and this was it
--- End quote ---
I wrote the definitions and gave example ;)..
what did u write for the 10marks question abt the saving,spending and borrowing??
--- End quote ---
ohh that!like if inflation goes up than spending decreases as products become more expensive and the purchasing power diminishes and also consumers become less certain about the future.I wrote its opposite effect as well that if inflation goes down spending would increase cuz..........for saving i wrote if inflation goes up than saving increases as firstly consumers will want to save money till the prices decrease and also normally a high inflation brings with high intrest rates so now they find it more profitable to save so saving increases.
--- End quote ---
OMG i wrote the same answer :D....and what did u say abt borrowing??
--- End quote ---
You can approach borrowing in 2 ways.I had only 2 minutes to complete that part so i wrote that a high inflation brings with it a high intrest rate so borrowing would decrease as a result.A inflation would mean a high rise in prices so it will be futile to borrow in such a expensive era.etc etc.
however you also write that borrowing could increase as people will want more to satisfy their basic needs who are much expensive than before..get it
al noor:
--- Quote from: Freaked12 on June 09, 2009, 12:53:11 pm ---
--- Quote from: al noor on June 09, 2009, 12:47:52 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:45:54 pm ---
--- Quote from: al noor on June 09, 2009, 12:38:13 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:28:46 pm ---
--- Quote from: al noor on June 09, 2009, 12:26:28 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:24:26 pm ---What did you write
--- End quote ---
What did i write wat??
--- End quote ---
social cost and benefit..there was only 1 stupid thingy in the exam and this was it
--- End quote ---
I wrote the definitions and gave example ;)..
what did u write for the 10marks question abt the saving,spending and borrowing??
--- End quote ---
ohh that!like if inflation goes up than spending decreases as products become more expensive and the purchasing power diminishes and also consumers become less certain about the future.I wrote its opposite effect as well that if inflation goes down spending would increase cuz..........for saving i wrote if inflation goes up than saving increases as firstly consumers will want to save money till the prices decrease and also normally a high inflation brings with high intrest rates so now they find it more profitable to save so saving increases.
--- End quote ---
OMG i wrote the same answer :D....and what did u say abt borrowing??
--- End quote ---
You can approach borrowing in 2 ways.I had only 2 minutes to complete that part so i wrote that a high inflation brings with it a high intrest rate so borrowing would decrease as a result.A inflation would mean a high rise in prices so it will be futile to borrow in such a expensive era.etc etc.
however you also write that borrowing could increase as people will want more to satisfy their basic needs who are much expensive than before..get it
--- End quote ---
oo okii...i am soo sad that the thershold will be high :(...
hdbkiwi:
I'm sure it won't be-similar difficulty to previous years-maybe a bit higher because of the econ. growth question-but you have to remember that the people discussing on this site are usually academic so of course it's gonna sound like the thresholds are higher-you'll be fine im sure :)
al noor:
--- Quote from: hdbkiwi on June 09, 2009, 01:03:11 pm ---I'm sure it won't be-similar difficulty to previous years-maybe a bit higher because of the econ. growth question-but you have to remember that the people discussing on this site are usually academic so of course it's gonna sound like the thresholds are higher-you'll be fine im sure :)
--- End quote ---
whats the thershold for all the 3 papers to get an A??
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