AS LEVEL: Economics Edexcel 2016 Unit 1 PREDICTIONS

Scroll to see replies

when u guys say market failure or government failure is likely to come up... does that mean they'll ask the essay question on market failure as a whole or a particular market failure e.g externalites or information failure

(edited 7 years ago)

Reply 21

harryleavey

Original post by Da-K1ng

Either could come up. But what difference does it make?

Reply 22

TheProKi

Im predicting it to either be Externalities or Indirect Tax

Reply 23

officialjaayjaay

does no one think any elasticity SA questions will come up?

Reply 24

IJKninetyeight

Original post by TheProKi

Im predicting it to either be Externalities or Indirect Tax

What would an indirect question look like?

Reply 25

TheProKi

Original post by IJKninetyeight

What would an indirect question look like?

Um not really sure but like
Evaluate the effects of Indirect Tax on "...." on "...."

Reply 26

harryleavey

Original post by IJKninetyeight

What would an indirect question look like?

Explain the possible economic effects of an indirect tax on sugary foods

Reply 27

ricey97

Oil prices dropped substantially this year- there could be a question on that?

Reply 28

olrosengarten

I would not be surprised if oil prices or house prices in london, the paper iwll either be really hard or quite simple.

Reply 29

Lemauricien

House prices was 2015 paper so very unlikely they use it but yeah oil and sugar are very relevant rn

Reply 30

username1995023

Unlikely to be sugar as these papers were written before the announcement of the sugar tax.

Reply 31

3121

Looking at the previous years I think it's possible, oil first came up after housing and housing came up again last year although we are on a new spec so I guess it doesn't count but oil would be a fantastic way to start! That or heathrow's third runway/Gatwick expansion

Reply 32

amg96

How did you guys find it?

Ran out of time :/

WHAT THE F*** WAS THAT.

Posted from TSR Mobile

Reply 35

wdagz

I agree with the comment 'WHAT THE F*** WAS THAT' which context did you guys chose 1 or 2?

Reply 36

Thatguywelbz

I found question 2 easier

Reply 37

olrosengarten

I definatley think that was a hard paper- I did question 2, but the 15 marker threw me a lot..the multiple choice were ok but some were q bit tricky and for me question 6 was all ok apart from 15 marker :frown:

hopefully the grade boundaries will be low fingers crossed

Reply 38

adam9317

Original post by Bigbosshead

A question was as follows:A 20% rise in incomes brings a 25% in the bookings at hotels in Blackpool.

This means:

Hotels in Blackpool are inferior goods-
Hotels in Blackpool are a normal good
Hotels in Blackpool have income elastic demand
Hotels in Blackpool are a luxury product.

Surely the answer is part d.) as the income price elasticity of demand (responsiveness of the quantity demanded of the good or service following a change in real income) is >1?

Bit late to the party, but as TF said, it could be a mixture.

From my own opinion, based on YED goods can either be normal or inferior, this one being a normal good, so if you had to choose one, I would say normal good!

Reply 39

somebodyelse98

guys did anyone else find that exam awful? For the government intervention to Lake Navaisha what did people say, because I talked a bit about taxation but my answer was so rubbish...