You are Here: Home

# Economics AS AQA exam tomorrow 16/05/2016

Announcements Posted on
TSR's new app is coming! Sign up here to try it first >> 17-10-2016
1. (Original post by SHJBHB)
PES is 1.875 rounding to 1.9 no?
Yeah i divided the wrong way round
2. did anyone get the mean of the nearest penny- 6.3 p new spec context b
3. (Original post by Bigpaddy27)
did anyone get the mean of the nearest penny- 6.3 p new spec context b
Nah, you'll lose a mark for that. It was £6.29

Posted from TSR Mobile
4. (Original post by Reaver Daniels)
Nah, you'll lose a mark for that. It was £6.29

Posted from TSR Mobile
damn it, i should get 3/4 right ?
5. First question on how do consumers affect price or something , answer - B through their patterns of spending , any1 get that
6. (Original post by Bigpaddy27)
damn it, i should get 3/4 right ?
Yeah. I think I put £6.28 and my teacher said I'd get 3/4.

Posted from TSR Mobile
7. How did people find multiple choice (new spec)? I found it mildly difficult. I prove scored anywhere from 14-16/20

Posted from TSR Mobile
8. (Original post by Reaver Daniels)
Yeah. I think I put £6.28 and my teacher said I'd get 3/4.

Posted from TSR Mobile
For the diagram question did you draw a shift left of demand and then for the 10 marker a tax diagram?
9. Oh wait so this year there were two specs? The resits and the first AS Level 'new' batch?
10. (Original post by Reaver Daniels)
You guys know that for the new spec (not sure about the old spec) you are capped at level 4 if you don't have a conclusion, right?

Posted from TSR Mobile
You can get top band, if you did evaluation after analysis, you pick up evaluation marks without knowing it sometimes.
11. (Original post by Reaver Daniels)
On the new spec, what did you guys put for the multiple choice question showing an average cost curve where the firm was producing at X (at the lowest point on the curve) and it was asking how average costs would decrease?

I think the options were like

A: a shift upward of the average cost curve
B: a shift downward of the average cost curve
C: a movement along the average cost curve to the right
D: a movement along the average cost curve to the left

I think those were the options? I put A.

Posted from TSR Mobile
I also said a

Posted from TSR Mobile
12. (Original post by dons178)
First question on how do consumers affect price or something , answer - B through their patterns of spending , any1 get that
Yh i got that
13. how does my essay for the regulation sound- intro i defined etc, para 1- tax can solve partial market failure arised from the negative externalities of consumption then i evaluated saying weak because demand may be price inelastic due to addictive nature and used date. Para 2- inequitible for firms as job losses in cigarette industry etc evaluated saying strong- also inequitible for consumers as source said it lowers choice something along those lines. Then i countered. COnclusion- compared the underlying issue of gov failuer and market failure, a combo of policies would be best. Finnishihed saying a subsidy for alternative goods e.g e cigs would be the best aproach.
14. (Original post by cathartic)
I also said a

Posted from TSR Mobile
i Put B
15. (Original post by cathartic)
I also said a

Posted from TSR Mobile
I put B, http://image.slidesharecdn.com/fcand...?cb=1398684421, doesn't this explain it??
16. Attempted Mark scheme:
cba to do multiple choice tbh
Context 1:
( 3 marks ) - misallocation of resources as a result of an attempt by a government to correct market failure....
( 4 marks ) - calculation = 1751 or 1750 ( not sure if you round or not )
( 4 marks ) - Two points of comparison:
populus increased overall whereas houses built didnt.
populus had higher peak
populus range was bigger
+ any others
( 4 mark ) - maximum price
below equilibrium, arrows to show contraction and extension, labelled curves and axis
( 10 mark ) - Perfect comp
no barriers
infinite suppliers met by demand
equal information
price takers
small market share
identical products
+ im sure there are other, generally explain idea that there is no power and acts off rational decisions.
( 25 mark ) - Housing and gov intervention
General Structure ( wasnt sure at first ) :
intro ( why we should or shouldnt ) ( housing is near enough a neccessity )
3 or more points : Why the intervention is neccessary how it work
Evaluation ( diagram )
Failure
Relevant point :
Supplying info to consumers
subsidies
maximum prices
investment ( increase of supply to meet demand )
encourage building ( rewards and incentive for producers )
collective housing ( living with friends )
less restriction on no housing areas.

Didnt to context 2 sorry. Tough exam though i thought.
17. (Original post by EggFriedRai)
Attempted Mark scheme:
cba to do multiple choice tbh
Context 1:
( 3 marks ) - misallocation of resources as a result of an attempt by a government to correct market failure....
( 4 marks ) - calculation = 1751 or 1750 ( not sure if you round or not )
( 4 marks ) - Two points of comparison:
populus increased overall whereas houses built didnt.
populus had higher peak
populus range was bigger
+ any others
( 4 mark ) - maximum price
below equilibrium, arrows to show contraction and extension, labelled curves and axis
( 10 mark ) - Perfect comp
no barriers
infinite suppliers met by demand
equal information
price takers
small market share
identical products
+ im sure there are other, generally explain idea that there is no power and acts off rational decisions.
( 25 mark ) - Housing and gov intervention
General Structure ( wasnt sure at first ) :
intro ( why we should or shouldnt ) ( housing is near enough a neccessity )
3 or more points : Why the intervention is neccessary how it work
Evaluation ( diagram )
Failure
Relevant point :
Supplying info to consumers
subsidies
maximum prices
investment ( increase of supply to meet demand )
encourage building ( rewards and incentive for producers )
collective housing ( living with friends )
less restriction on no housing areas.

Didnt to context 2 sorry. Tough exam though i thought.
Were there any arguments for leaving it to the market? I said that in the long term the shortage, which has caused higher prices, would lead suppliers to supply more due to the incentive function. But this seems weak.
18. (Original post by nellythumper)
Were there any arguments for leaving it to the market? I said that in the long term the shortage, which has caused higher prices, would lead suppliers to supply more due to the incentive function. But this seems weak.
I also put what you put and is correct, max prices mean less profit and therefore less incentive.
[I put the obvious stuff:]
- gov may not know the consequences ( volatile market )
- most intervention is not guna solve long term effects
in my conclusion i put that supply of information and general methods that involve the consumers are better due the consequences being less likely to lead to failure.
19. (Original post by jfahdgjdfshg)
What did people get for the Context 2 calculation. £6.29?
yes mate *high fives*
20. (Original post by Bigpaddy27)
how does my essay for the regulation sound- intro i defined etc, para 1- tax can solve partial market failure arised from the negative externalities of consumption then i evaluated saying weak because demand may be price inelastic due to addictive nature and used date. Para 2- inequitible for firms as job losses in cigarette industry etc evaluated saying strong- also inequitible for consumers as source said it lowers choice something along those lines. Then i countered. COnclusion- compared the underlying issue of gov failuer and market failure, a combo of policies would be best. Finnishihed saying a subsidy for alternative goods e.g e cigs would be the best aproach.
Did you quote the extract? If not then I believe you're capped at 15/25?

Posted from TSR Mobile

## Register

Thanks for posting! You just need to create an account in order to submit the post
1. this can't be left blank
2. this can't be left blank
3. this can't be left blank

6 characters or longer with both numbers and letters is safer

4. this can't be left empty
your full birthday is required
1. Oops, you need to agree to our Ts&Cs to register

Updated: July 3, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

This forum is supported by:
Today on TSR

### How does exam reform affect you?

From GCSE to A level, it's all changing

Poll
Useful resources

## Make your revision easier

Can you help? Study help unanswered threadsStudy Help rules and posting guidelines

## Groups associated with this forum:

View associated groups
Study resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.