Edexcel Economics and Business UNIT 4 6EB04

is this for 4a or 4b?

4b

Anyone have notes for the spec? My folders a mess tbh so can't really revise from that. Also how did everyone find unit 3?

I found the paper pretty good tbh
15marks on the control of MNCs was a dream

The first question threw me a bit and I thought a lot of the questions were worded kinda strangely???

On TES site, they have got mock papers for unit4b but you have to pay and the paper is linked with the tobacco industry

Based on previous 20 and 30 marks, one of them has always been about Market Failure in the industry, i.e. Tobacco Industry. I have a few predictions about the 20 and 30 mark questions:

1) Assess the effectiveness of competition authorities in correcting the market failure in the tobacco industry

2) Discuss how command and control measures can be effective in reducing the market failure in the tobacco industry

3) Assess whether the government was effective in correcting the market failure in the tobacco industry OR Evaluate the government's response to market failure in the tobacco industry

4) Assess the view that e-cigarettes are merit goods (most likely a 20 mark question)

5) Evaluate the extent to which regulation is needed in the tobacco industry

6) Assess the effectiveness of taxation as a method for reducing smoking

7) Evaluate how tobacco manufacturers might respond to the changing pattern of demand for cigarettes and e-cigarettes

Just to point out, if the question is similar to question 3, focus mainly on government failure rather than market failure. You can state the market failures and what the government has done to correct it but always link back to whether the method was effective in the evaluation.

Also, don't forget to write a conclusion at the end of the 20 and 30 marks.

Based on previous 20 and 30 marks, one of them has always been about Market Failure in the industry, i.e. Tobacco Industry. I have a few predictions about the 20 and 30 mark questions:

1) Assess the effectiveness of competition authorities in correcting the market failure in the tobacco industry

2) Discuss how command and control measures can be effective in reducing the market failure in the tobacco industry

3) Assess whether the government was effective in correcting the market failure in the tobacco industry OR Evaluate the government's response to market failure in the tobacco industry

4) Assess the view that e-cigarettes are merit goods (most likely a 20 mark question)

5) Evaluate the extent to which regulation is needed in the tobacco industry

6) Assess the effectiveness of taxation as a method for reducing smoking

7) Evaluate how tobacco manufacturers might respond to the changing pattern of demand for cigarettes and e-cigarettes

Just to point out, if the question is similar to question 3, focus mainly on government failure rather than market failure. You can state the market failures and what the government has done to correct it but always link back to whether the method was effective in the evaluation.

Also, don't forget to write a conclusion at the end of the 20 and 30 marks.

That sounds awfully difficult, haven't done the majority of that at school