[AQA] - Economics Unit 1 January 15th - [2013]

Yup, it actually made me smile and think that AQA will never change

with figures, I compared:
-petrol usage reduced overall from 2000 to 2011 whereas Diesel usage rose from 2000 to 2011

-Petrol rose from 200 - 2004 then just kept dropping whereas Diesel continually kept rising throughout.

Do you think those where do enough to get the marks?
What did you compare?

I needed litteraly only 5 minutes more to finish one more issue and conclude in the end

I kind of had the opposite problem, I don't know what it was (in hindsight it was probably spending the whole morning revising or something that tired out my brain) but normally I find the MC questions a cake walk but today I had to read each question and the answers 2 or 3 times before it in what the question was asking. So by the time I reached the 25 mark question what I wrote felt really barebones and rushed compared to what I could have written.

If I have to retake/when it comes to Unit 2 I'll know to do the essay FIRST.

That makes sense, you should definitely get rewarded

Hopefully, how did you find multiple choice?

Hahah me too.. Oh god, we probs sound so sad


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Yeah i think you will get the marks, just have to remember to use the right figures. With figures, my first comparision was the same as your first one and my second was petrol and diesel were at their highest at different times (2004 for petrol and 2011 for diesel i think)
Do you think i would get the marks?

That's annoying, well I suppose we'll just have to wait and see! I liked the MC q about butter, it was practically the same as one about milk. Even both dairy products

I thought this was quite a tricky paper in comparison to the previous ones. Did anyone do context 1?

For my 25 marker - I talked about how congestion has negative externalities, talked about policies such as subsidy, taxation. How it will be costly, opportunity cost, how it may be ineffective and will not work if consumers have no incentive. Also talked about congestion charge and how it should be increased. Also talked about govt failure such as how they take a short term view.

What did people do for the 12 marker, I drew the S+D diagram with supply shifting in and explaining effects of tax rise if the good had positive cross elasticity.

For the multiple choice question were the answer was between elasticity -1 to 0 in the second block and in the first block that means answer was either wages of '....' Or cost of lamb ( so B or D ) what did you guys put ?


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Answer please :P


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Yep a lot of people from my class answered it by evaluating the different strategies but I had split my evaluation revision up into two, strategy revision and pro market forces, pro gov intervention revision

I kinda did it in that way but not really too much structure. I wrote one big paragraph on why leaving the market forces wouldn't work. Also how they're good - they work by themselves, take into account the whole supply + demand for producers and consumers in the market, quickly alter to changes in demand or supply, and how they are allocatively efficient- forgot to write about msb=msc but it kinda meant the same thing as scarce resources aren't wasted.

Also forgot to write about how they make an unequal distribution of income - poor might not be able to afford, but I did state how they don't help fixing externalities - and negative ones in this case.

Then my rest of the essay was focusing on government intervention to fix the issue of over consumption of Junk food, and under consumption of vegetables :P (Min + Max price + Taxing junk food)

I do think that is where lots of people loose marks, and I hope including that paragraph is enough to get me good marks for the content of my 25 marker with an iffy evaluation.

For the multiple choice question were the answer was between elasticity -1 to 0 in the second block and in the first block that means answer was either wages of '....' Or cost of lamb ( so B or D ) what did you guys put ?


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I wrote some similar stuff but I didn't go into different policies and evaluate them, i evaluated the idea of governments intervening