Anyone sitting BS2 Exams?

DeadMoney · 15-05-2010 7:01pm

Gotta admit though, I'm actually a little bit worried about organizational theory & practise coz I haven't done one bit of study on it yet. I've just ran through past papers and wrote out the common questions on each topic. Sort of planning on waiting until Economics and Industrial relations are over and then cram like hell in the 3 days we have off. Hopefully the results for the CA will go up though b4 hand so I'll know what I need to get.

Butters111 · 15-05-2010 7:21pm

DeadMoney wrote: »

Gotta admit though, I'm actually a little bit worried about organizational theory & practise coz I haven't done one bit of study on it yet. I've just ran through past papers and wrote out the common questions on each topic..

Yeah I haven't done anything for it yet. But it seems like the kind of subject that you can waffle through! once you have the basic idea!

DeadMoney · 15-05-2010 8:03pm

For financial management can anyone know if this is correct or am I way off?

Question: Suppose you put €1000 in the bank at the end of each year for the next 10 years. If the interest rate is 8%, how much do you have at the end of 10 years, if no withdrawals are made?

Solution: FV of annuity = €1,000 x 14.487(FV of annuity tables)
= €14,487

Butters111 · 16-05-2010 10:51am

Anyone know the format of the organisation theory exam?

DeadMoney · 16-05-2010 1:05pm

Butters111 wrote: »

Anyone know the format of the organisation theory exam?

2/4 Q's taken randomly from each of the 7 topics covered. Apparently the paper is "fair" so I'm assuming its similar to recent years.

Butters111 · 16-05-2010 2:28pm

does marketing take long to get through?

DeadMoney · 16-05-2010 2:36pm

Butters111 wrote: »

does marketing take long to get through?

Hopefully no longer than the 3 days we have off before it. From what i can see there isn't a lot of memorizing like economics or IR, just points and stuff.

DeadMoney · 16-05-2010 2:39pm

For IR, have people done much on L.1 & L.4? The slide presentations are very brief so I haven't learned much for these, just pretty much whats on the slides and a bit from the book.

Butters111 · 16-05-2010 2:44pm

DeadMoney wrote: »

For IR, have people done much on L.1 & L.4? The slide presentations are very brief so I haven't learned much for these, just pretty much whats on the slides and a bit from the book.

While they're brief in length he fits a lot on to each slide! There's actually a lot of info there between 1 and 4 overall and along with his article I'd say that's plenty to write two essays!

DeadMoney · 16-05-2010 3:15pm

Butters111 wrote: »

While they're brief in length he fits a lot on to each slide! There's actually a lot of info there between 1 and 4 overall and along with his article I'd say that's plenty to write two essays!

Are you referring to L.1 and L.4 or L.1 to L.4, coz I meant just the first lecture and fourth lecture. I have a good bit of info learned for L.2 (Dunlop's Theory) and L.3 (Employment relationship) but for 1 and 4 i don't have much learned as there is not much in the slides to learn.

Sorry if i'm confusing you with all the numbers.

DeadMoney · 16-05-2010 3:39pm

Butters111 wrote: »

While they're brief in length he fits a lot on to each slide! There's actually a lot of info there between 1 and 4 overall and along with his article I'd say that's plenty to write two essays!

Actually your right, there is a fair bit of content now that I look at the slides again. I was just wondering coz I am hoping to answer the 2Q's on L1-4 so want to make sure I have enough learned from these sections. I would imagine that there will be a full question on the employment relationship and hopefully that Dunlop theory also.

sinn7 · 16-05-2010 4:52pm

DeadMoney wrote: »

For financial management can anyone know if this is correct or am I way off?

Question: Suppose you put €1000 in the bank at the end of each year for the next 10 years. If the interest rate is 8%, how much do you have at the end of 10 years, if no withdrawals are made?

Solution: FV of annuity = €1,000 x 14.487(FV of annuity tables)
= €14,487

Yeah that looks right to me!

Also on the subject of org theory, she said don't look at last year's paper cos it has a different structure but the other papers are grand

Butters111 · 16-05-2010 5:05pm

DeadMoney wrote: »

Actually your right, there is a fair bit of content now that I look at the slides again. I was just wondering coz I am hoping to answer the 2Q's on L1-4 so want to make sure I have enough learned from these sections. I would imagine that there will be a full question on the employment relationship and hopefully that Dunlop theory also.

yeah overall should be enough I'd imagine! I think this is what most people are doin so if we're wrong we'll all be back in August!... But i doubt it!:)

DeadMoney · 16-05-2010 5:07pm

sinn7 wrote: »

Yeah that looks right to me!

Also on the subject of org theory, she said don't look at last year's paper cos it has a different structure but the other papers are grand

thanks

DeadMoney · 16-05-2010 5:15pm

For Financial management what exactly should be know for section C of the exam? He said the main things for sec B & C would be Capital structure and the Financing Decision but not sure what he meant. I know Sec.B will be stuff from Sec.1 like NPV, Payback etc so will Sec.C be on portfolio theory like in quiz.2?

sinn7 · 16-05-2010 5:22pm

DeadMoney wrote: »

For Financial management what exactly should be know for section C of the exam? He said the main things for sec B & C would be Capital structure and the Financing Decision but not sure what he meant. I know Sec.B will be stuff from Sec.1 like NPV, Payback etc so will Sec.C be on portfolio theory like in quiz.2?

Well he said C would be on sections 2 & 3 from the notes. Capital Structure is the last part of section 3 and the finiancing decision is like how you decide what proportion of the firm should be funded by debt and how much by equity, which is also section 3 notes.

DeadMoney · 16-05-2010 5:36pm

sinn7 wrote: »

the finiancing decision is like how you decide what proportion of the firm should be funded by debt and how much by equity, which is also section 3 notes.

Thanks, so this is all theory right? I mean there is no calculations for deciding how much should be funded by debt and equity? I know capital structure is all CAPM and WACC etc so these require formulas but in the slides on financing decision it is just theory.

sinn7 · 16-05-2010 5:42pm

DeadMoney wrote: »

Thanks, so this is all theory right? I mean there is no calculations for deciding how much should be funded by debt and equity? I know capital structure is all CAPM and WACC etc so these require formulas but in the slides on financing decision it is just theory.

Well like he could throw in CAPM or WACC or something as part of the question, I'm not sure. Haven't looked at that section yet

MightyMighty737 · 16-05-2010 5:48pm

Do you guys do the EF110 Economics module?

sinn7 · 16-05-2010 9:25pm

MightyMighty737 wrote: »

Do you guys do the EF110 Economics module?

We did last year, I think

Butters111 · 16-05-2010 10:15pm

On the subject of Financial Management, NB on theory of WACC!

sinn7 · 16-05-2010 10:19pm

Butters111 wrote: »

On the subject of Financial Management, NB on theory of WACC!

What do you mean?

Butters111 · 16-05-2010 10:40pm

think there was a WACC theory question on last years paper, might be previous though, that was worth 15% and he said basically study that because 'if' there is one this year it'll be worth 25% of the section- in other words it will probably be on it!

sinn7 · 16-05-2010 10:45pm

Butters111 wrote: »

think there was a WACC theory question on last years paper, might be previous though, that was worth 15% and he said basically study that because 'if' there is one this year it'll be worth 25% of the section- in other words it will probably be on it!

Oh wow! Cheers!

DeadMoney · 16-05-2010 11:08pm

Cool, tips are always nice to get at this stage

Speaking of tips, is it just wishful thinking on my part or does anyone feel that that the Question on SCP might come up in economics since he has posted two new readings related to it the other day? Perhaps this means nothing and the 2 Q's will be totally random but I just have a feeling that one of the questions will be either SCP, Game theory, or the Neoclassical and non-neoclassical. Oligopoly too. Anyway I guess if u know 10 then it doesn't matter either way.

sinn7 · 16-05-2010 11:15pm

DeadMoney wrote: »

Cool, tips are always nice to get at this stage Speaking of tips, is it just wishful thinking on my part or does anyone feel that that the Question on SCP might come up in economics since he has posted two new readings related to it the other day? Perhaps this means nothing and the 2 Q's will be totally random but I just have a feeling that one of the questions will be either SCP, Game theory, or the Neoclassical and non-neoclassical. Oligopoly too. Anyway I guess if u know 10 then it doesn't matter either way.

My SCP question isn't great but come on Game Theory! I have like 3 essays or so that I'd actually love to see come up

DeadMoney · 17-05-2010 5:19pm

Hey for Financial mgt, I am just trying to do a run through of things I need to know for the exam. I missed a lot of lectures (didn't go to :rolleyes:) so there are a few things on the course that I don't understand. Anyway I'm ok with most if the short question problems and I can do some of the sec B stuff and most of sec C so I should be ok to pass (I hope). Only need like 30%/100%. Just wondering how others are preparing for this exam. He keeps referring to the 2008 papers as guides so I'm hoping they will be similar.

Butters111 · 17-05-2010 5:38pm

Hey, section one we've pretty much prepared for when doin the mcq's. And to be honest I don't think you missed much in class as regards B and C- I personally didn't find him that great a lecturer, he was nice but didn't teach that well.:rolleyes:(In my opinion!) So I reckon its a matter of preparing for them with a book as his notes aren't that great for the longer questions!

Butters111 · 17-05-2010 5:40pm

As well as that I think he makes things overcomplicated- the formulas etc. are actually really simple to do once you understand them!

sinn7 · 17-05-2010 6:38pm

Butters111 wrote: »

As well as that I think he makes things overcomplicated- the formulas etc. are actually really simple to do once you understand them!

Yeah I'd agree with you there. I hated the way we'd always do something a really long way and then he go "oh but you don't need to know this" and show us a much shorter way. It was so confusing!

DeadMoney · 17-05-2010 7:47pm

Thanks. Yeah the main reason I stopped going to the lectures after the mid term was that I could never keep up with him. I figured it would be like statistics last year where you could learn the topics yourself with the notes and book. He does provide very good feedback as a lecturer and is helpful but I wish he would just post up some more solutions on moodle. If you don't have notes then you just have to keep emailing him with problems. I guess it would make his life easier too if he posted solutions.

OrionsBelt · 17-05-2010 9:20pm

In the economics question on neoclassical and non neoclassical, what are the non neoclassical theories?

sinn7 · 17-05-2010 10:03pm

OrionsBelt wrote: »

In the economics question on neoclassical and non neoclassical, what are the non neoclassical theories?

As far as I'm aware they're
- Behavioural theory
- Stakeholder theory
- Transaction cost theory

DeadMoney · 17-05-2010 11:52pm

anyone know in the Monopoly / Perfect Competition question for economics what you could use as 'real world applications' of the models. From my research PC does not exists in the real world and the closest thing is commodities like farming raw materials. Then for Monopoly I wrote Amazon and Google although these are not really monopolies as they have close competitors. Bit confused.
thanks

sinn7 · 18-05-2010 10:54am

DeadMoney wrote: »

anyone know in the Monopoly / Perfect Competition question for economics what you could use as 'real world applications' of the models. From my research PC does not exists in the real world and the closest thing is commodities like farming raw materials. Then for Monopoly I wrote Amazon and Google although these are not really monopolies as they have close competitors. Bit confused.
thanks

Sorry but I got nothing for that! Although I'm vaguely considering mentioning stuff that used to be a monopoly but isn't anymore (Eircom, ESB) but the problem is I'm not sure if they fall under natural monopolies or not >.<

DeadMoney · 18-05-2010 11:30am

sinn7 wrote: »

Sorry but I got nothing for that! Although I'm vaguely considering mentioning stuff that used to be a monopoly but isn't anymore (Eircom, ESB) but the problem is I'm not sure if they fall under natural monopolies or not >.<

Ok thanks anyway. Yeah thats pretty much what I said to as I spent a while browsing the net for examples of monopoly and it said they don't really exist anymore. I guess the closest things are companies like amazon and google who have monopoly power, .ie, large % of market share, barriers such as high start up costs etc. Should be finr anyway if this essay comes up.

DeadMoney · 18-05-2010 11:49am

Nice one Org Theory results will be out 2moro at the latest

Butters111 · 18-05-2010 1:03pm

Yay!:) For organisations see topics like culture- do we do the extra things she has for that topic? or was that just to help us with our essays?

DeadMoney · 18-05-2010 4:52pm

Butters111 wrote: »

Yay!:) For organisations see topics like culture- do we do the extra things she has for that topic? or was that just to help us with our essays?

I dunno, I am just sticking to the lectures anyway and the corresponding chapters of the book. I hope the results go up today, I'm so curious as to what I need to get in the exam. I haven't even started learning off stuff for org theory, this economics and and Industrial relations is really eating up most of my study. Can't wait to get these two out of the way first.

sinn7 · 18-05-2010 4:58pm

DeadMoney wrote: »

I dunno, I am just sticking to the lectures anyway and the corresponding chapters of the book. I hope the results go up today, I'm so curious as to what I need to get in the exam. I haven't even started learning off stuff for org theory, this economics and and Industrial relations is really eating up most of my study. Can't wait to get these two out of the way first.

Same here! I never thought I'd be happy to have something like economics first but the relief when it's out of the way...

Butters111 · 18-05-2010 5:08pm

DeadMoney wrote: »

I dunno, I am just sticking to the lectures anyway and the corresponding chapters of the book.

Damn its taking me ages to get through the notes- Do you think we defo should do book aswell?:(

DeadMoney · 18-05-2010 5:27pm

Butters111 wrote: »

Damn its taking me ages to get through the notes- Do you think we defo should do book aswell?:(

Yeah I would assume the best way to prepare for this exam is to go over past papers with the book, forget the slides, as they are a bit vague and thin. She did say you would need the book to pass. Pick a few topics such as External environment, Culture etc. and go over the papers marking all of the question on each (or the ones that commonly come up that we covered). The just use the book to write sample answers. This is what I am doing anyway. The question will usually be the same but you should do all of the ones related to a particular topic because there are usually two types of questions that can be asked on the same topic so just cover yourself.

Butters111 · 18-05-2010 5:48pm

DeadMoney wrote: »

Yeah I would assume the best way to prepare for this exam is to go over past papers with the book, forget the slides, as they are a bit vague and thin. She did say you would need the book to pass. Pick a few topics such as External environment, Culture etc. and go over the papers marking all of the question on each (or the ones that commonly come up that we covered). The just use the book to write sample answers. This is what I am doing anyway. The question will usually be the same but you should do all of the ones related to a particular topic because there are usually two types of questions that can be asked on the same topic so just cover yourself.

I'm finding it really time consuming doing the slides! I think half of the the answer is a matter of understanding the theory and secondly being marked on your ability to interpret and apply it to a real organisation? I heard she said you need the book but if you have an understanding and can apply it i would that not be enough

DeadMoney · 18-05-2010 6:12pm

Butters111 wrote: »

I'm finding it really time consuming doing the slides! I think half of the the answer is a matter of understanding the theory and secondly being marked on your ability to interpret and apply it to a real organisation? I heard she said you need the book but if you have an understanding and can apply it i would that not be enough

I am not sure I understand what you mean but as usual I missed a tonne of lectures for this module :rolleyes: so perhaps you know more than I do about this exam. From what I gather though this is just another boring business theory module that requires you to learn very systematic information from a text book and address systematic questions. I know the CA was more open minded in that we were asked to apply the theory to real life organizations but I think (from looking over the past papers) that the exam is more general theory and that there shoud not be much to worry about. I guess you could compare this module to HRM last semester in that it was general text book material. She has also said in today's email that the questions are ver straightforward so again I am expecting question such as "list the characteristics" "explain what this means, etc" I really think the past papers are the best guide, but if you are worried email her coz she does seem to respond regularly to students.

DeadMoney · 18-05-2010 6:54pm

Anyone know what the deal is with all those other readings for the non-union approach in industrial relations? Has anyone been reading these as part of the study for the exam, i've just done the silde notes.

DeadMoney · 18-05-2010 9:44pm

hey I'm stuck yet again on a financial management topic. Wondering if somebody might be able to help? How exactly do you calculate FV of an Annuity?

For the question "Invest €1500 a year for the next 5 years and the pension will pay €2000 per annum for the 10 years after, at 10% discount rate, is this a good deal?"

So I know first I need PV of annuity which is
PV=1500 x 3.791(from tables) = 5,686.50

But to find how much you receive, is it FV of annuity right? And if so what is the formula?

The formula on the slides is different from the one on investopedia.com, so pretty confused! Jesus, I wish the lecturer would just post solutions on moodle to the problem sheets at least.

sinn7 · 19-05-2010 10:54am

DeadMoney wrote: »

Anyone know what the deal is with all those other readings for the non-union approach in industrial relations? Has anyone been reading these as part of the study for the exam, i've just done the silde notes.

I just did the slides as well. Had a flick through the Catch 22 article and it's pretty much saying what his slides said

sinn7 · 19-05-2010 11:13am

DeadMoney wrote: »

hey I'm stuck yet again on a financial management topic. Wondering if somebody might be able to help? How exactly do you calculate FV of an Annuity?

For the question "Invest €1500 a year for the next 5 years and the pension will pay €2000 per annum for the 10 years after, at 10% discount rate, is this a good deal?"

So I know first I need PV of annuity which is
PV=1500 x 3.791(from tables) = 5,686.50

But to find how much you receive, is it FV of annuity right? And if so what is the formula?

The formula on the slides is different from the one on investopedia.com, so pretty confused! Jesus, I wish the lecturer would just post solutions on moodle to the problem sheets at least.

Okay he did an example really like this in the lectures so I'm totally basing what to do on that. Just to note, both of the parts to this question are annuities.

PV (Recieved) = C*r ----> (he appears to be working everything back to today/present values rather than putting everything in future values)
PV (recieved) = 2,000*6.145

> (Present value of an annuity interest factor for 10 years @ 10%)
PV (recieved) = 12,290

> (This is the present value of the annuity the bank is going to pay you. Since this annuity starts 5 years from today, it's the present value in year 5. We now need to work out the present value today)

PV (recieved) in year 0 = 12,290 (0.621) ---> (Present value interest factor for 5 years @ 10%)
PV (recieved) in year 0 = 7,632.09

As you worked out above, the PV (paid) = 5,686.50

Therefore it is a good deal because PV (paid) < PV (recieved)

Hope that helps!

DeadMoney · 19-05-2010 12:12pm

sinn7 wrote: »

Okay he did an example really like this in the lectures so I'm totally basing what to do on that. Just to note, both of the parts to this question are annuities.

PV (Recieved) = C*r ----> (he appears to be working everything back to today/present values rather than putting everything in future values)
PV (recieved) = 2,000*6.145
> (Present value of an annuity interest factor for 10 years @ 10%)
PV (recieved) = 12,290
> (This is the present value of the annuity the bank is going to pay you. Since this annuity starts 5 years from today, it's the present value in year 5. We now need to work out the present value today)

PV (recieved) in year 0 = 12,290 (0.621) ---> (Present value interest factor for 5 years @ 10%)
PV (recieved) in year 0 = 7,632.09

As you worked out above, the PV (paid) = 5,686.50

Therefore it is a good deal because PV (paid) < PV (recieved)

Hope that helps!

Thanks Sinn thats excellent! I see on the facebook page people are posting certain questions but his replies are really short and he just gives a brief guide of what to do, always nice to have someone talk you through it

DeadMoney · 19-05-2010 3:48pm

Just doing my last question for economics as I realized last nite that I had left out 2 :rolleyes: Just trying to put together some sort of answer in the unlikely event that this and the Q I left out come up on Fri (that would be soooo sick:().

Anyway its the question on 'National System of Innovation'. I got a first part written but dunno know what to write for the second part i.e, "Can this idea contribute to a country's policy for innovation and if so, how"?

Anyone perhaps got any pointers or can refer me to pages of the book?
Thanks

Anyone sitting BS2 Exams?

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