How far should students try to include awareness of the current economic slowdown, liquidity crisis and the credit crunch or is this more of Paper P4 area?

Awareness of the current economic climate is important to the extent that it allows students to demonstrate understanding in particular topic areas, for example if they were asked about factors to consider in relation to a new issue of debt. More.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.