OCR F585: Key Concepts in the Jan 2012 Paper

The January 2012 OCR F585 Global economy pre-release paper is now out and the Tutor2u team is working hard to produce a study toolkit for this paper with the final document available at the end of November. We will also be supporting preparation for the exam through our blog and a dedicated channel which you can find by clicking here and then adding a bookmark.

The pre-release materials once more contain and combine a pleasing selection of important domestic and international themes - here is a quick listing of some of the concepts explored in the various extracts each of which will be considered in our toolkit resource.

Key concepts in the OCR Jan 2012 pre-release paper
1. Absolute poverty
2. Accelerator effect
3. Adult literacy rates
4. Automatic stabilisers
5. Bank of England
6. Bond yields
7. Budget deficit
8. Business confidence
9. Capital investment
10. Comparative advantage
11. Competitive advantage
12. Competitiveness
13. Consumer spending
14. Credit rating
15. Currency appreciation
16. Currency wars
17. Current account deficit
18. Current account surplus
19. Cyclical budget deficit
20. Debt interest
21. Deficit reduction
22. Deflation
23. Dependency ratio
24. Developing countries
25. Discretionary fiscal policy
26. Double-dip recession
27. Economic development
28. Economic growth
29. Economic stability
30. Excess capacity
31. Exchange rates
32. Expectations
33. Export subsidies
34. Exports
35. FDI
36. Financial crisis
37. Fiscal austerity
38. Foreign currency reserves
39. GDP per capita
40. Human Development Index (HDI)
41. Hysteresis
42. IMF
43. Import tariffs
44. Inflation
45. Infrastructure
46. Injections of demand
47. Innovation
48. International trade
49. Intervention in currency markets
50. Long-term unemployed
51. Low carbon growth
52. Malnutrition
53. Managed exchange rates
54. Market interest rates
55. Millennium Development Goals
56. Monetary Policy Committee
57. Monopsony power
58. National income multiplier
59. OECD
60. Order books
61. Output gap
62. Outsourcing
63. Overseas aid
64. Population change
65. Public finances
66. Public sector borrowing
67. Purchasing Power Parity
68. Quantitative easing
69. Real GDP
70. Recession
71. Relative poverty
72. Savings Ratio
73. State-directed economic growth
74. Structural budget deficit
75. Supply-side policies
76. Sustainable investment rule
77. Tax receipts
78. Temporary tax cuts
79. Trade flows
80. Trade imbalances
81. Trade liberalisation
82. Tragedy of the Commons
83. Transnational corporations
84. Washington Consensus
85. Workforce