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AQA unit 1 - markets and market failure

Is everyone prepared for this exam. Any questions or help needed can be posted here, and provide us with all your teachers evaluation wisdom to us lol. Im sure it will help everyone :smile:

good luck on thursday

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Reply 1

Vjyrik

prash_s90

Is everyone prepared for this exam. Any questions or help needed can be posted here, and provide us with all your teachers evaluation wisdom to us lol. Im sure it will help everyone :smile:

good luck on thursday

Yo!
I'm ready for it!
But does anyone know of good model answers or examples for C type questions?
I usually get 12 or 13 marks, need 15 :-P

Reply 2

RJA

Getting down to some serious revision now, I really need (close to) full marks on this resit :O

Question: What affects the price elasticity demand for a good?

Reply 3

Ravster

RJA

Getting down to some serious revision now, I really need (close to) full marks on this resit :O

Question: What affects the price elasticity demand for a good?

What did you get first time round?

Reply 4

RJA

Unit 1 = 82/105
Unit 2 = 81/105
Unit 3 = 66/90

Reply 5

Vjyrik

RJA

Getting down to some serious revision now, I really need (close to) full marks on this resit :O

Question: What affects the price elasticity demand for a good?

Erm... like... everything :smile:

1) Type of the good
2) Substitutes / complements
3) Addictive or not? (cigarettes = highly inelastic demand)

More, in detail: http://en.wikipedia.org/wiki/Price_elasticity_of_demand

Reply 6

prash_s90

Vykis

Yo!
I'm ready for it!
But does anyone know of good model answers or examples for C type questions?
I usually get 12 or 13 marks, need 15 :-P

theres that really good unit book by ray powell. It has model answers on it. But what i saw that the canditate only wrote about 2 paraagraphs for (c) and he got full marks

Reply 7

Vjyrik

prash_s90

theres that really good unit book by ray powell. It has model answers on it. But what i saw that the canditate only wrote about 2 paraagraphs for (c) and he got full marks

Now if someone gave an online version... :P

Reply 8

Dadeyemi

prash_s90

theres that really good unit book by ray powell. It has model answers on it. But what i saw that the canditate only wrote about 2 paraagraphs for (c) and he got full marks

O.o What ?!?!

Could you type out this answer and question??

Reply 9

prash_s90

are you serious none of you have read it. Its specifically for AQA aswell. My friend read it for unit 3 and got 100% somehow..http://www.amazon.co.uk/AS-Economics-AQA-Markets-Failure/dp/0860039188

thats the link to buy it. I think you should def buy it before exams

Reply 10

Vjyrik

prash_s90

Exam = Thursday
Delively = not necessarily next day
:P

Reply 11

02mik_e

Vykis

Exam = Thursday
Delively = not necessarily next day
:P

lol take ome rep

Reply 12

02mik_e

how to answer that darn 15 mark question, i got 9/15 in my practice test. i got 12/15 on the multiple choice. overall i got 25 marks, 5 away from an A, considering i made a mistakes on the A and B, thought i done quite well. It was the buffer stocks schemes which i really hate anyway, it is the hardest in that unit.

Reply 13

adrenaline1989

I really hope something on monopoly appears, i'd ace it, having done it hundreds and thousands of times.

Af for the multiple choice questions i've been getting 13/15 consistently and around 22/25 for the data questions.

Give me those marks in the real exam and i'd bite you;re right arm off.

Reply 14

Vjyrik

Legend Killer

15/15 if you understand the difference between "your" and "you're" :wink:

Reply 15

prash_s90

yep monopoly would be an amazing question to come up, even better would be something on smoking or alcohol related. I hope buffer stocks dont come up, as im not going to revise all that again.