Economics Unit 1, Competitive Markets. Friday 18th May 2012 Pm.

does anyone have the may 2012 paper or mark scheme ?

Not true as it doesn't matter if its elastic or inelastic supply, if you shift the supply to the left both producer and consumer surplus decrease.

I really struggles for it. The only external costs I wrote was the lack of biodiversity and the stregthened resistance from bugs. I really should have written about less water for elsewhere but didn't cross my mind!

I drew the graph though and for the evaluation I just wrote about the difficulty quantifying, and the benefits of it. Then wrote about magnitude and stuff, so hoping I can at least get 9 marks

predictions on the grade boundaries?

Aww, I wouldn't worry too much about it though, you might've still gotten some marks for definitions & stuff.
& hopefullyyyy the grade boundaries will be low, thinking back on it I think I messed up the opportunity cost question in the data response

yes what are they?!

Is it true that we get 4 marks for "good grammar, good english and the use of specialist vocabulary where appropriate"? As in an extra 4 marks on top of your score (assuming you didn't get 80/80).

Really?

I don't think s

My teacher said we do. And I guess it makes sense because they say they award you marks for good english blah blah on the front...but don't acknowledge any of those marks in the marks scheme, so perhaps they are additional marks? Not sure, tbh...that's why I asked Anyone know about this!?

D: After reading everyone's answers it sounds as though I've not done very well on this paper! Oh god.

Was anyone allowed a calculator in the exam?

For question 8, the pension mcq. I first choose the asymmetric information choice and wrote 3-4 lines of explanation on it and then crossed that work out and choose the opportunity cost option for that mcq. Seeing as the opportunity cost option is incorrect, will i get any marks for the initial correct choice that i chose and the 3line explanation i crossed out?