Economics Paper 2 Discussion HERE!

[hdbkiwi]

The documents below are the Grade thresholds for June and Nov 08
KEEP IN MIND
Paper 1 WAS paper 3, so look at paper 3 thresholds
Paper 2 WAS paper 4, so the 'paper 4' is actually the structured questions
Paper 3 WAS paper 6, which has changed now so the thresholds will probably be different

[al noor]

The documents below are the Grade thresholds for June and Nov 08
KEEP IN MIND
Paper 1 WAS paper 3, so look at paper 3 thresholds
Paper 2 WAS paper 4, so the 'paper 4' is actually the structured questions
Paper 3 WAS paper 6, which has changed now so the thresholds will probably be different

Omg...u really cheered me up inshallah i get these marks..

[hdbkiwi]

The documents below are the Grade thresholds for June and Nov 08
KEEP IN MIND
Paper 1 WAS paper 3, so look at paper 3 thresholds
Paper 2 WAS paper 4, so the 'paper 4' is actually the structured questions
Paper 3 WAS paper 6, which has changed now so the thresholds will probably be different

Omg...u really cheered me up inshallah i get these marks..

awesome-glad I could help

[al noor]

The documents below are the Grade thresholds for June and Nov 08
KEEP IN MIND
Paper 1 WAS paper 3, so look at paper 3 thresholds
Paper 2 WAS paper 4, so the 'paper 4' is actually the structured questions
Paper 3 WAS paper 6, which has changed now so the thresholds will probably be different

Omg...u really cheered me up inshallah i get these marks..

awesome-glad I could help

Thnkz alot

[CrEaTuRe_X]

I did the RPI system
and the C) worth 10 marks was
Discuss how inflation affects spending, saving and borrowing

Oh really! I did the RPI too! Was that right? I wrote only five points and it was worth six marks..
And about C) i talked about the uncertainity inflation causes and that people will have to spend less, save more and don't borrow.
What did you talk about?

The question stated how inflation would effect people, right?
I wrote inflation generally causes less spending to protect real value of money(Real value is imp. to write) Although may cause them to spend MORE if the prices of essential goods have increased. Due to "hoarding" people spend more. They are likely to have their savings decreased, I gave example of how women in Zimbawe sold their gold for loaf of bread. And on borrowing, I wrote, they are likely to gain if they borrowed, and lose if they lent money. About 1 page and more.

[Freaked12]

I did the RPI system
and the C) worth 10 marks was
Discuss how inflation affects spending, saving and borrowing

Oh really! I did the RPI too! Was that right? I wrote only five points and it was worth six marks..
And about C) i talked about the uncertainity inflation causes and that people will have to spend less, save more and don't borrow.
What did you talk about?

The 6a
what was meant by inflation

6b
explain how government calculates inflation

6c discuss how inflation affects consumer spending,saving abd borrowing

The question stated how inflation would effect people, right?
I wrote inflation generally causes less spending to protect real value of money(Real value is imp. to write) Although may cause them to spend MORE if the prices of essential goods have increased. Due to "hoarding" people spend more. They are likely to have their savings decreased, I gave example of how women in Zimbawe sold their gold for loaf of bread. And on borrowing, I wrote, they are likely to gain if they borrowed, and lose if they lent money. About 1 page and more.

[idk]

hey does any1 remeber question number 4?and in the q 2 about cigarettes.and could any1 also give me the answers to them?thx dudes.Take care all.

[Freaked12]

the question 2a?What was meant by price elasticity of demand
2bHow might the knowledge of Price elasticity be of use to consumer
2c Number of countries prohibited smoking in public areas.Use the concepts of Cost benefit analysis to explain this policy.

This was the question right

[beanii]

it was alrite...not as bad as i thought it would be!
i did questions 2,3,4 that were the external and social costs and benefits,trade union and integrations

i did 2,3 and 6

what did u  write for social costs and benefits..arghh!!..i didnt know what the question was asking..I left it till the end like i had 20 minutes to do the question...so i filled in every thing..definations of each cost and benefit,some examples and why the policy was implemented...Kinda covered more than the half of the page..

To those guys who say they prefer science over commerce.Do you know if you get a grade below C or Byou will be denied the entry to top universities.So plz concentrate on every subject u give

I said I prefer science, not that I'm not good at Econ 

ok man!!was jus saying..u took it to ur heart.

thanks beanii.i was woried i was the only 1 who did this question

hehe...no problem!everyone i asked did this question!

[beanii]

it was alrite...not as bad as i thought it would be!
i did questions 2,3,4 that were the external and social costs and benefits,trade union and integrations

i did 2,3 and 6

what did u  write for social costs and benefits..arghh!!..i didnt know what the question was asking..I left it till the end like i had 20 minutes to do the question...so i filled in every thing..definations of each cost and benefit,some examples and why the policy was implemented...Kinda covered more than the half of the page..

To those guys who say they prefer science over commerce.Do you know if you get a grade below C or Byou will be denied the entry to top universities.So plz concentrate on every subject u give

yea...that question got me thinking for some time too...i took like almost half an hour for each question and finished jus as time was up!
umm...i defined all of them and gave examples and explained a bit..kinda like wat u did i guess...i cudn't think of anything else!

same here-while I said it was a private cost to the smoker, I also said it would be a private benefit-because of his health! 

hehe..LOL!:P

[pisecs]

i chose questions 4, 6 and 7
didnt see anyone chosing Q7
it was on the tarrif and quota and trading, i thought it was quite easy

for Q6 c, i couldnt write that much for 10 marks, i mean i didnt know wot to say
i mentioned that ppl might spend less and save more as they would want to protect the real value of their money
i kinda talked about the interest rates as they may be high due to inflation
and ppl with diff incomes may spend and borrow or save differently
ppl with higher incomes have a greater ability to spend and save than the ppl with lower incomes

i wrote about 6-7 lines and then i was totally stuck so i moved on the the next question
i wrote about 7 pages in totally and my hand was soooo sore, lolz

oh yeah, wot did you guys write for wot is inflation, i mean it was like 4 marks
and for previous years it was only 3 marks
and it was 'a sustained (1) rise (1) in the general (1) level of prices'
well, i also included how it can be caused

[ni]

I think it went well, though i was really worried because i hate economics and i was focusing on bio more (i had them on the same day)
I chose questions 3, 4 and 6.. the ones about trade unions, business organisations and inflation 

hehe I had bio too-like it MUCH more, although I messed up the fermenter question (silly me). Econ was alright, I answered everything so I hope I can keep up my losses to just above an A, then I'll be happy  How did you find the inflation one? The last question for 10 marks-ugh-what did you talk about?

I chose the inflation one too! Thinking it would be easy...and then I saw the ten marker =/ I didn't know what to say for ten marks so I just sort of rambled about things that related to inflation and prices and people spending. I'm really hoping they have some flexibility in the mark schemes.

[hdbkiwi]

i chose questions 4, 6 and 7
didnt see anyone chosing Q7
it was on the tarrif and quota and trading, i thought it was quite easy

for Q6 c, i couldnt write that much for 10 marks, i mean i didnt know wot to say
i mentioned that ppl might spend less and save more as they would want to protect the real value of their money
i kinda talked about the interest rates as they may be high due to inflation
and ppl with diff incomes may spend and borrow or save differently
ppl with higher incomes have a greater ability to spend and save than the ppl with lower incomes

i wrote about 6-7 lines and then i was totally stuck so i moved on the the next question
i wrote about 7 pages in totally and my hand was soooo sore, lolz

oh yeah, wot did you guys write for wot is inflation, i mean it was like 4 marks
and for previous years it was only 3 marks
and it was 'a sustained (1) rise (1) in the general (1) level of prices'
well, i also included how it can be caused

I did the tariff/quota question, haha but yeah the inflation one part c-for 10 marks! Hope I can get more than 6
Basically you can lose 5/6 marks per question on average and still get an A for the paper.

[MOHAMED DECO]

i chose questions 4, 6 and 7
didnt see anyone chosing Q7
it was on the tarrif and quota and trading, i thought it was quite easy

for Q6 c, i couldnt write that much for 10 marks, i mean i didnt know wot to say
i mentioned that ppl might spend less and save more as they would want to protect the real value of their money
i kinda talked about the interest rates as they may be high due to inflation
and ppl with diff incomes may spend and borrow or save differently
ppl with higher incomes have a greater ability to spend and save than the ppl with lower incomes

i wrote about 6-7 lines and then i was totally stuck so i moved on the the next question
i wrote about 7 pages in totally and my hand was soooo sore, lolz

oh yeah, wot did you guys write for wot is inflation, i mean it was like 4 marks
and for previous years it was only 3 marks
and it was 'a sustained (1) rise (1) in the general (1) level of prices'
well, i also included how it can be caused

u hd 2 say dat da purchasin power of da money decreases.....dat ws in 1 of da old papers..........nd By the way......dat inflation Q, c part.......i rote dat dey ll spend more on deir needs nd spend less because dey ll find da value of money z decreasin.......nd dey ll start borrowin if da inflation z too high nd dey cant afford 2 buy deir needs...datz wt i rote

[aquarian93]

i chose questions 4, 6 and 7
didnt see anyone chosing Q7
it was on the tarrif and quota and trading, i thought it was quite easy

for Q6 c, i couldnt write that much for 10 marks, i mean i didnt know wot to say
i mentioned that ppl might spend less and save more as they would want to protect the real value of their money
i kinda talked about the interest rates as they may be high due to inflation
and ppl with diff incomes may spend and borrow or save differently
ppl with higher incomes have a greater ability to spend and save than the ppl with lower incomes

i wrote about 6-7 lines and then i was totally stuck so i moved on the the next question
i wrote about 7 pages in totally and my hand was soooo sore, lolz

oh yeah, wot did you guys write for wot is inflation, i mean it was like 4 marks
and for previous years it was only 3 marks
and it was 'a sustained (1) rise (1) in the general (1) level of prices'
well, i also included how it can be caused

I did the tariff/quota question, haha but yeah the inflation one part c-for 10 marks! Hope I can get more than 6
Basically you can lose 5/6 marks per question on average and still get an A for the paper.

cool, ur last line is comforting, thanks