Edexcel A Level Economics A Paper 2: 9EC0 02 - 6 June 2022 [Exam Chat]

Does anyone know what happens if you wrote micro points in macro? How does the marking work?

Reply 302

nessy7

Original post by Annonymous17557

It is unfortunately the wealth effect! Our teacher had shown us the mark scheme after the exam but it is only 4 marks it's not the end of the world!

you guys already got access to the mark scheme omg what

Reply 303

Original post by nessy7

you guys already got access to the mark scheme omg what

AFTER the exam teachers have access to them

Reply 304

CuriousO

Original post by Annonymous17557

AFTER the exam teachers have access to them

Did your teacher say anything about the 25 marker? I don’t think you can get above 18/25 (into level 4) if you didn’t speak about the global economy

Reply 305

what are likely exchange rate 25 markers?

Reply 306

HoangK

8

Guys, I'm thinking about this the whole time, how many marks out of 25 I would get for the globalisation question if I only talk about:
globalisation -> increase specialisation/using comparative advantage -> diagram of 2 countries with 2 exports, analyse the diagram -> link back that by specialisation and trade global economy benefited from increased output ( I didn't have enough time to develop more about how this would affect employment, income, world prices, etc.. as I was rushed )
Then I evaluate by talking about increasing relative poverty, structural unemployment, taking China and the US as examples.
Second point I did made few ideas and chains about globalisation increase rapid spread of ideas -> greater process and products innovation -> innovation boost productivity -> many developing countries can catch up in productivity with developed countries -> increasing productivity for global econ -> taking production chain as an example.
And conclusion.
Can I get at least 12/25 marks for these? Thank you. I was too focused on perfecting the case study questions that when I got to the 25 marks, I only had 20 minutes left.
And all of those only took place in less than 2 pages, that’s what make me afraid.

(edited 1 year ago)

Reply 307

Original post by *_*²⁰⁰⁴*_*

Seriously consider suing your econ teacher lad 😭😭

Fiscal policy is not primarily to do with demand but Aggregate demand and Investment is apart of the AD equation C+I+G+(X-M)

Reply 308

Hi, could someone quickly summarize when to shift AC or MC and when you should shift both? This is for the revenue cost diagram btw, thanks.

Reply 309

HoangK

8

Original post by User3858395

Hi, could someone quickly summarize when to shift AC or MC and when you should shift both? This is for the revenue cost diagram btw, thanks.

Always shift AC even if it's a rise in fixed or variable costs. Only shift MC if there is a rise in variable costs ( wages, raw materials, delivery costs, etc... )
Hope this will help

Reply 310

Original post by HoangK

Always shift AC even if it's a rise in fixed or variable costs. Only shift MC if there is a rise in variable costs ( wages, raw materials, delivery costs, etc... )
Hope this will help

This helps so much, thanks

Reply 311

How important is it to include your own examples in essays, and how do you add examples about Bangladesh into an essay question on Vietnam for example?

Reply 312

arjantucker

1

Original post by Annonymous17557

Fiscal policy is not primarily to do with demand but Aggregate demand and Investment is apart of the AD equation C+I+G+(X-M)

Ur econ teacher needs to be sued too😭fiscal policy is a DEMAND side policy, ofc it’s gonna primarily be about DEMAND

Reply 313

Original post by arjantucker

Ur econ teacher needs to be sued too😭fiscal policy is a DEMAND side policy, ofc it’s gonna primarily be about DEMAND

It’s a demand side policy which is a policy that uses changes in government spending, borrowing and taxation to impact AD and AD is not only made up of demand! It is made up of consumption + government spending+ investment +(x-m) check the definition of fiscal policy online!

Reply 314

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Original post by Annonymous17557

It’s a demand side policy which is a policy that uses changes in government spending, borrowing and taxation to impact AD and AD is not only made up of demand! It is made up of consumption + government spending+ investment +(x-m) check the definition of fiscal policy online!

Here’s the definition

Reply 315