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

what did people write for context 2 and essay 3??

I regret choosing essay 3


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Anyone else get 50% for question 4 context 2?

Sounds good, you got a lot of theory in. I didnt do that essay though. What was the title?

didn;'t essay 3 feel really AS like? I'm worried I didn't hit the A2 marks idk what did you guys write? I wrote about:

25 marker:
Government should provide public goods because without the government providing it, the welfare would be 0, because no firm will provide it/since they are non-excludable and non-rivalrous. Therefore, there is definitely an increase in welfare (since it goes from 0 to whatever).

I then wrote about merit goods, how they're important, if government provides them then it is fair and there is equity since poor people won't be excluded, education and healthcare both have social impacts which is another reason government should do it.

Then I wrote that actually, currently the NHS is struggling and is being inefficient since the government owns it. Organisational slack etc. Market forces would instead be better because they would be more allocative efficient, and make better use of resources so welfare is maximised. Also I wrote if it were privatised, then more advertising would happen which would encourage people to go to their GP etc, so consumer surplus is increased.

I concluded by saying welfare can be maximised if government provides both type of goods because they won't discriminate against certain areas i.e. rural towns with small populations. But it is best if government outsources merit goods and still has ownership.

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Overall, I feel I did fine but I'm worried my answers to essay 3 were too AS like and I didn't know how to use my A2 knowledge in answering it :/ I wish I did essay 1...

I did context 1 and essay 3, the questions were ****ing weird man

i wrote an essay very similar to that and also including how irrational individuals are so if merit goods arent provided, goods/services like education may not be used as much. is that a correct point?

for context 2, the 10 marker about why if left to market forces, some people would be paid an unfair amount, lots of people have used MRP theory and the shifts of that etc,

I mentioned how in a monopsonistic labour market, they pay workers a wage under the equilibrium and thus they get underpaid etc, i drew the diagram showing how they are under paid and explained it etc

are both views right?

Anyone know what the percentage was for Q1 Context 1??

1.87%

For my essays I only did 2 paragraphs in between my intro and conclusion but they were all huge, I should be able to still do alright yeah? Tried to follow the structure econplusdal gives, hard to get specific examples in, used context given quite a lot. Anyone else find this?

didn;'t essay 3 feel really AS like? I'm worried I didn't hit the A2 marks idk what did you guys write? I wrote about:

25 marker:
Government should provide public goods because without the government providing it, the welfare would be 0, because no firm will provide it/since they are non-excludable and non-rivalrous. Therefore, there is definitely an increase in welfare (since it goes from 0 to whatever).

I then wrote about merit goods, how they're important, if government provides them then it is fair and there is equity since poor people won't be excluded, education and healthcare both have social impacts which is another reason government should do it.

Then I wrote that actually, currently the NHS is struggling and is being inefficient since the government owns it. Organisational slack etc. Market forces would instead be better because they would be more allocative efficient, and make better use of resources so welfare is maximised. Also I wrote if it were privatised, then more advertising would happen which would encourage people to go to their GP etc, so consumer surplus is increased.

I concluded by saying welfare can be maximised if government provides both type of goods because they won't discriminate against certain areas i.e. rural towns with small populations. But it is best if government outsources merit goods and still has ownership.

--

Overall, I feel I did fine but I'm worried my answers to essay 3 were too AS like and I didn't know how to use my A2 knowledge in answering it :/ I wish I did essay 1...

Discuss the relative importance of market forces and government intervention in encouraging firms to act more responsibly towards environment. Something like that.

For context 1 in the 10 marker I included a tax diagram. However I also included tax diagram in the essay as well. Will this cap me?

oh god, I used only an externality diagram throughout the entire exam !! :l didn't know there would be a cap ...