Global Economics F585 how confident are people with this exam?

I've not started my revision yet (and probably won't until the 16th or so), but I'm not too worried at the moment. There's a lot to cover, certainly, but it's not an insurmountable challenge.

I've not started my revision yet (and probably won't until the 16th or so), but I'm not too worried at the moment. There's a lot to cover, certainly, but it's not an insurmountable challenge.

You are back! Cos it won't be a problem for you

I agree, but I'll probably leave my revision a bit later than you to focus on other exams.

Quite - my concern is I have Law on the same day, and five days later have a politics module I've self taught (or, as is the case, not self taught) so don't have the luxury being able to focus on just the one exam.

What would the 20marker be likely to be on?

Ye i think that there could be a question on sustainability, but i'm unsure on how they would incorporate it. Also has anyone got the tutor2u guide to the stimulus because that would really help. I'm happy to send anyone the other guide. Cheers

Ye i think that there could be a question on sustainability, but i'm unsure on how they would incorporate it. Also has anyone got the tutor2u guide to the stimulus because that would really help. I'm happy to send anyone the other guide. Cheers

Heyy im kinda new to this thing but i have the tutor2u guide if you want it?

Would it be possible for you to e-mail it to me also?

Would it be possible for you to e-mail it to me also?

Hey, did you do Transport in Jan? I know this is only a 5 marks question, but 'Explain why road congestion represents an example of market failure.' Did you need to draw a diagram in order to show. Or would you just define what are the key words in the question, then say because congestion leads social cost > social benefit, therefore neg ext arises, causing a market failure? How would you get the 5 marks though fully?

And also, 'Comment upon whether a national road-pricing scheme would reduce congestion.' could you say the congestion charge in London, - hold on that's not national charging scheme, if not, what would it be?
Thank you so much.

I diagram might help, but it's not necessary I don't believe. You should indeed define the key terms, and then discuss that the cost to 'society' of someone using the road is greater than the cost paid by the individual, leading to externalities (and, by extension, overconsumption).

As for your second question, then you should first define congestion in terms of producing negative externalities and what have you, and that a national road pricing scheme should serve to reduce those. Follow this with your usual evaluative comments. You could use London's Congestion Charge as an example of a road pricing scheme that may or may not have been successful in reducing congestion. If that question's from the January paper, I seem to recall my explanation of the need of a road pricing scheme including that roads are quasi-public goods - that seemed to go down well with the examiner.