Edexcel Economics and Business Unit 4B: The Wider Economic Environment and Business

OP

Original post by ella14

Hi, yeh im really struggling with revising for unit 4, Im fine with the syllabus etc. but i have no idea about the pre-release material and relating, I dont even understand the broadcast industry and I havnt even done a practise paper so i have no idea what to expect :-s

I can link most of the pre-release to the syllabus, but it's just the stuff on the environment and transport that I don't think relates to it really :/

Evidence B and F is technological advancements and links to the changing patterns of demand, and innovation and growth section of the syllabus
...Evidence E is in a similar vein and alludes to the fragmentation of the broadcasting industry because of Sky and Virgin.

Evidence D is about the BBC's monopoly power which links to market failure and regulation because OfCom is mentioned in it

Evidence I is about externalities and whether TV is a demerit good.

The other bits of evidence I haven't a clue on! Any thoughts?!

Reply 3

Original post by Eavis

I can link most of the pre-release to the syllabus, but it's just the stuff on the environment and transport that I don't think relates to it really :/

Evidence B and F is technological advancements and links to the changing patterns of demand, and innovation and growth section of the syllabus
...Evidence E is in a similar vein and alludes to the fragmentation of the broadcasting industry because of Sky and Virgin.

Evidence D is about the BBC's monopoly power which links to market failure and regulation because OfCom is mentioned in it

Evidence I is about externalities and whether TV is a demerit good.

The other bits of evidence I haven't a clue on! Any thoughts?!

hey..interesting links to the syllabus...
would u be interested to revise together..
through this hopefully, both will learn and strengthen their weaker areas :wink:

let me know...pm :smile:

Reply 4

OP

Original post by tajmahal

hey..interesting links to the syllabus...
would u be interested to revise together..
through this hopefully, both will learn and strengthen their weaker areas :wink:

let me know...pm :smile:

Yeah sure, what are your weaker areas?

Reply 5

Original post by Eavis

Yeah sure, what are your weaker areas?

externalities + govt intervention :redface:

Reply 6

siu0129

Hey guys, how are you getting on with this? I am already fed up with this article...

Reply 7

OP

Original post by siu0129

Hey guys, how are you getting on with this? I am already fed up with this article...

Worst case study ever isn't it! Are you going to bother revising the environment and transport? My teacher quite confidently said she didn't think it would be brought up in the exam as the case study hardly relates to it.

Reply 8

Original post by siu0129

Hey guys, how are you getting on with this? I am already fed up with this article...

Original post by Eavis

Worst case study ever isn't it! Are you going to bother revising the environment and transport? My teacher quite confidently said she didn't think it would be brought up in the exam as the case study hardly relates to it.

i suggest we could arrange and chat to share ideas...
coz im black with this stupid case study...
isn't relevant to the syllabus.. :confused:

Reply 9

jayeshr

1

yeh..MSN or somethin durin the weekend..group chat!

Reply 10

Original post by jayeshr

yeh..MSN or somethin durin the weekend..group chat!

im in...
donno about the rest...
but do pm me ur id.. :wink:

hope we get in a few people for collaborative revision

Reply 11

OP

I've banned myself from Skype until exams or over- had my password changed to remove temptation of distracting socialising! Would be happy to discuss the exam on this forum though.

Reply 12

jecoles111

I've got a booklet fromm geraldwood.com that covers quite a lot, i don't know how to get it but my teacher gave us all a copy.

Quick question, what is CPA!!!!????

Reply 13

Tina2011

Yupp im in for the group revision sounds good :-) Shall I pm you guys my email for msn?

Reply 14

OP

Original post by jecoles111

I've got a booklet fromm geraldwood.com that covers quite a lot, i don't know how to get it but my teacher gave us all a copy.

Quick question, what is CPA!!!!????

Gerald Wood's a hero! Soo helpful

Did you mean CBA? Cost Benefit Analysis- a means of quantifying externalities
-weighing up private and external costs and benefits
-try to attach a monetary value to the externality
- consider time lag factor

CBA related to the broadcasting industry could be for and against the abolition of the licence fee.

...If you did mean CPA then I haven't a clue!

Reply 15

Original post by Tina2011

Yupp im in for the group revision sounds good :-) Shall I pm you guys my email for msn?

Original post by jecoles111

I've got a booklet fromm geraldwood.com that covers quite a lot, i don't know how to get it but my teacher gave us all a copy.

Quick question, what is CPA!!!!????

Original post by jayeshr

yeh..MSN or somethin durin the weekend..group chat!

Original post by siu0129

Hey guys, how are you getting on with this? I am already fed up with this article...

Original post by ella14

Hi, yeh im really struggling with revising for unit 4, Im fine with the syllabus etc. but i have no idea about the pre-release material and relating, I dont even understand the broadcast industry and I havnt even done a practise paper so i have no idea what to expect :-s

anybody can feel free to add me :wink:

(i'll be removing my e-mail later on, since i dont want it to be spammed...)
hope we get a move on....we're running against time :confused:

(edited 12 years ago)

Reply 16

ella14

hey..
so ive just been revising the gerald wood yellow booklet really then relating it to the pre-release booklet, and revising the syllabus at the same time. But how do you answer a 30 mark question?! no idea! and also is the broadcast industry a public good/merit good/demerit good?

Reply 17