Economics Paper 2 Discussion HERE!

[Freaked12]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

[MOHAMED DECO]

can ne 1 say wt did he/she rite 4 Q 6c)....dat 10 marks Q abt spendin, savin nd borrowin pattern because of inflation???.......
Thanks

[aquarian93]

anyone hu did 5

wt did u say abt the government doing that cuz of market failiure?

[hdbkiwi]

i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting

and abt the private benefit i sed health as well!! high five! makes sense haha

Niiice-great minds think alike have some rep mate 

[al noor]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

[aquarian93]

i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting

and abt the private benefit i sed health as well!! high five! makes sense haha

Niiice-great minds think alike have some rep mate 

lol, yup they do
+rep to u  too haha

[hdbkiwi]

i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting

and abt the private benefit i sed health as well!! high five! makes sense haha

Niiice-great minds think alike have some rep mate 

lol, yup they do
+rep to u  too haha

Thanks mate 
Al noor I talked about the consumers, and producers and investors and what effects inflation would have on their spending, saving, borrowing. Also mentioned people on fixed incomes and others with wages adjusted to inflation, etc.

[al noor]

i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting

and abt the private benefit i sed health as well!! high five! makes sense haha

Niiice-great minds think alike have some rep mate 

lol, yup they do
+rep to u  too haha

Thanks mate 
Al noor I talked about the consumers, and producers and investors and what effects inflation would have on their spending, saving, borrowing. Also mentioned people on fixed incomes and others with wages adjusted to inflation, etc.

oo okii i wrote similar to that...but what will happen to the consumers spending,saving,borrowing ..can u plz tell me soo i can see if my answer is correct??

[Freaked12]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

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.

[al noor]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

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.

OMG i wrote the same answer  ....and what did u say abt borrowing??

[hdbkiwi]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

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.

OMG i wrote the same answer  ....and what did u say abt borrowing??

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]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

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.

OMG i wrote the same answer  ....and what did u say abt borrowing??

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]

What did you write

What did i write wat??

social cost and benefit..there was only 1 stupid thingy in the exam and this was it

I wrote the definitions and gave example ..
what did u write for the 10marks question abt the saving,spending and borrowing??

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.

OMG i wrote the same answer  ....and what did u say abt borrowing??

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

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]

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

whats the thershold for all the 3 papers to get an A??