AQA A2 Economics Unit 3 (ECON3) 20th June 2016 OFFICIAL THREAD

Original post by marioandluigi

I'm really hoping for an oligopoly question!

Oligopoly did come up last year so perhaps it won't this year.

Reply 3

hate oligopolies... can do everything else apart from that and the odd competition policy q that for some odd reason confuses the heck out of me.

Hope price discrimination, monopolies, perfect comp, labour markets/ income inequality come up. they will literally be a gift from god lmfao

Reply 4

pinkpanther101

I think monopolies is going to come up big time this year

Reply 5

pinkpanther101

it was a essay question in 2014 but probably in a global or european context it will come up maybe if you look at past reports whatever wasn't done well they're most likely going to bring that topic up,

Reply 6

badgyal

Has anyone got any exam exemplars or tips on how to answer questions?

Reply 7

badgyal

Also what exactly do we have to knoe about game theory prisoners dilemma? and how can I relate it to the question in my answer?

Reply 8

bobmarley123

the game theory is to do with ologopolies and colluding where if firms act against each other they both will not win and will just lower their own prices down and thus revenues and profits as a result.
however, if they both decide to work together and collude, they can raise prices together, this means that customers will not benefit, only the firms benefit. the firms will benefit from higher revenue and profits.

however, as somebody mentioned above, oligopoly came up last year.
so it is unlikekly that this will come up again

Reply 9

CharlieeY

I really hope a question on competition policy or CBA comes up, they're the only things I'm properly learning about. The rest is extremely vague to me, I couldn't talk about anything else in detail. Still predicted an a* though lmao

Reply 10

BirdIsWord

OP

17

Anybody got notes for poverty/inequality? Would be useful

Reply 11

Original post by CharlieeY

I really hope a question on competition policy or CBA comes up, they're the only things I'm properly learning about. The rest is extremely vague to me, I couldn't talk about anything else in detail. Still predicted an a* though lmao

Haha no I hate competition policy Idek how to use it o_0 and what did you get last year ? :smile:

just out of interest

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Reply 12

CharlieeY

Original post by Anymorefor123

Haha no I hate competition policy Idek how to use it o_0 and what did you get last year ? :smile:

just out of interest

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I got 100 UMS in Unit 1 and 80 UMS in Unit 2. I honestly don't know how, I think its because I did every multiple choice ever so could answer every possible question. I've been the worst in my class all year, hopefully if these two things I'm revising come up I can do as well as last year hahaha

Reply 13

Original post by CharlieeY

I got 100 UMS in Unit 1 and 80 UMS in Unit 2. I honestly don't know how, I think its because I did every multiple choice ever so could answer every possible question. I've been the worst in my class all year, hopefully if these two things I'm revising come up I can do as well as last year hahaha

Woah you got full ums man ! You couldn't have just got that with good mcq marks haha ! Do you have any model answers for competition policy that you've written ?.. Seeing as you enjoy it so much 😂

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Reply 14

CharlieeY

Original post by Anymorefor123

Woah you got full ums man ! You couldn't have just got that with good mcq marks haha ! Do you have any model answers for competition policy that you've written ?.. Seeing as you enjoy it so much 😂

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Sadly not, literally just started revising it this morning, economicshelp and "econplusdal" on youtube are good resources ive found though

Reply 15

Paddyyyy

Trade Unions and Monopsony employers could be involved in a question

Reply 16

BirdIsWord

OP

17

Original post by Paddyyyy

Trade Unions and Monopsony employers could be involved in a question

Yeah thats what ive been thinking

Reply 17

badgyal

Saw this in an Examiner's Report : 'The point isthat in the short run any move from the price and output determined by MC =MR would give lessthan maximum profit'. Could someone explain it to me please I dont understand the wording!

Reply 18