It wasn't too bad. I did question 9. I always worry a bit about the 14 markers, and the house prices difference one was a bit weird. It wasn't a typical question where you just have to give a bunch of theory then three evaluation points.

Anyone else do that one?

Reply 5

AJC1997

2

Original post by MouseyBrown

It wasn't too bad. I did question 9. I always worry a bit about the 14 markers, and the house prices difference one was a bit weird. It wasn't a typical question where you just have to give a bunch of theory then three evaluation points.

Anyone else do that one?

Yup, that was the hardest question on the paper for me. Think I got 10/14 on it or so. KAA was easy - evaluation was difficult for me. The only solid evaluation point I got was the fact that the house prices were an average, and for example, on the far outskirts of London the house prices will be much less and more comparable to those in the North East.

Reply 6

alexlopez4

1

There were a couple of awkward multiple choice questions also. That question 8 was a bit weird (the market failure one) and then the question with the graph showing the fall in gold prices had me stumped for a bit. Overall though an okay multiple choice

Reply 7

alexlopez4

1

ooh also, question 10 e) really had me for a while, not much to talk about and generally frustrated that no obvious graphs came up on the data response. PLUS, where were my beloved unstable commodity markets? DX

Reply 8

MouseyBrown

9

Original post by AJC1997

Yup, that was the hardest question on the paper for me. Think I got 10/14 on it or so. KAA was easy - evaluation was difficult for me. The only solid evaluation point I got was the fact that the house prices were an average, and for example, on the far outskirts of London the house prices will be much less and more comparable to those in the North East.

Yeah, it was a bit weird because I usually evaluate by looking at cases against the theory. There was no argument against the fact that house prices in London were more expensive! I talked about employment, wages etc, and tried to bring in something else by saying actually costs in London for building would be much higher too - it's supply side as much as obvious demand side.

One minute I think it was brilliant, the next I think I could be zero.

Reply 9

deji_ta

10

i am depressed housing market didn't come out.

Reply 10

tayz98

I'm pretty sure that was question 9, was it not?

Reply 11

tayz98

What did everyone put for question 8? Can you remind me of the questions and your answer for this? 'Twas a bit of a toughie from memory.

Reply 12

alexlopez4

1

Original post by tayz98

What did everyone put for question 8? Can you remind me of the questions and your answer for this? 'Twas a bit of a toughie from memory.

the answer was something about how the external benefits of bus travel are ignored by the price mechanism

Reply 13

tayz98

Original post by alexlopez4

the answer was something about how the external benefits of bus travel are ignored by the price mechanism

Ah yeah I remember now! Yeah I put that answer also. Wasn't the hardest multiple choice section I've done (the ones from 2009-10 were hard from memory). But I have to admit, the section B was not as student-friendly as I'd hoped. What did you guys find the hardest?

Reply 14

PandorasApollo

Original post by tayz98

What did everyone put for question 8? Can you remind me of the questions and your answer for this? 'Twas a bit of a toughie from memory.

question 8 was about externalities, the right answer was something to do with external benefits from using bus travel

Reply 15

ahmsc

1

how did you do the last one in Q10?

Reply 16

masteroflendic

3

How did u guys answer q9 e??? And evaluation as well?

Reply 17

MouseyBrown

9

Original post by masteroflendic

How did u guys answer q9 e??? And evaluation as well?

I did a negative externalities graph for social costs of the poorly insulated places etc, but then evaluated it by saying it would inflict higher costs, forcing house prices up even higher than they already are in some circumstances. Then talked about the difficulty of quantifying the externalities in the first place, and suggested other methods alongside, like taxing fuel and using revenue from that to subsidise builders to build more efficient houses.

Reply 18

nicole.a.level

can anyone give a detailed answer of question 9e.. so i can see if i got it rightish or wrong. i did an external cost diagram

Reply 19

MouseyBrown

9

Original post by nicole.a.level

can anyone give a detailed answer of question 9e.. so i can see if i got it rightish or wrong. i did an external cost diagram

Read what I wrote above! I was kind of freaking out, cause I did the same thing and wondered if I had answered in totally the wrong way. The negative externality diagram was definitely the right way to start with it.

The question before was a fcuker though.

Edexcel Economics Unit 1 Exam (6EC01) May 11th 2015 - POLL

How did you feel about the Edexcel Econ Unit 1 exam?

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