AQA Economics AS May 2015

Hehehehe

You'll find out soon enough that the Economics examiners are delightful compared to other subjects.


They try and give you marks, look at what you do well not what you do badly, and don't reserve full marks for perfect answers!

Anyone else put the Extract F Line 8 about "unless productivity increases...ect."

Anyone else put the Extract F Line 8 about "unless productivity increases...ect."

C - Trade in goods and services, investment incomes and transfers.
D - Transfers involving money in and out of the economy.

I put C because D threw me off as it sounds a bit like Circular Flow rather than BoP but I have regrets.

I feel like I couldnt get a good mark already after reading the comments here. Guess i should resit it next year. Today is not my day.. very upset right now! AND ITS RAINING ASWELL!!!

I feel like I couldnt get a good mark already after reading the comments here. Guess i should resit it next year. Today is not my day.. very upset right now! AND ITS RAINING ASWELL!!!

Don't get worried about things on here.
The mark scheme gives you the freedom to talk about a lot or different things, not everyone has to write the same.

Was hailing and I had to walk home, I know the feels

Me and you both D;

Had my eye on a uni ever since I was 14, and if I don't get full As on my 5 A levels this year, I'll have to go through a gap year next year... maybe go into the army reserves and pick up a couple more a levels to teach myself.

Because if you plan to go on to uni, you won't be able to retake the exams before summer anymore (I think). The uni will have to base its offers more or less solely on the teachers' predictions, and good universities have stopped giving too much of a hoot on the predictions, as they've been proven to be a bit untrue in the last few years (or so told me a geography department head teacher).

So, really, even if you're predicted an A*** on your A-levels, if you got Cs in your AS levels no uni will take you. So you'll have to go through a gap year as the A level grades would not be out until a couple weeks before the end of the summer vacation, time in which you might just as well retake your AS levels because why not.

And unless you do something great with your gap year, you chances of getting into a top or semi-top uni are slashed.

Who else threw in a reference to -0.1% inflation today?

Me and you both D;

Had my eye on a uni ever since I was 14, and if I don't get full As on my 5 A levels this year, I'll have to go through a gap year next year... maybe go into the army reserves and pick up a couple more a levels to teach myself.

Because if you plan to go on to uni, you won't be able to retake the exams before summer anymore (I think). The uni will have to base its offers more or less solely on the teachers' predictions, and good universities have stopped giving too much of a hoot on the predictions, as they've been proven to be a bit untrue in the last few years (or so told me a geography department head teacher).

So, really, even if you're predicted an A*** on your A-levels, if you got Cs in your AS levels no uni will take you. So you'll have to go through a gap year as the A level grades would not be out until a couple weeks before the end of the summer vacation, time in which you might just as well retake your AS levels because why not.

And unless you do something great with your gap year, you chances of getting into a top or semi-top uni are slashed.

Correct me if I'm wrong, but I thought we could resit next year with our A2s. It is the year after where AS are scrapped

Does anyone remember what the question was for context 2, 25 marker?

Can someone please give me a predicted mark for context 1 12 marker?

I defined intrest rates and output

i drew a AS/AD diagram with a leftward shift of the AD curve

I wrote a rise in interest rate will increase the reward for saving and increase the cost of borrowing. This will therefore increase the incentive to save and decrease the incentive to borrow. This will increase the savings ratio and therefore causing a fall in expenditure, lowering AD and causing it to fall. This will therefore cause households income to fall and since houses are an asset, i rise in income encourages people to buy new houses therefore this fall in income will cause a smaller demand for housing. This will reduce the derived demand for labour in the construction industry and cause a rise in unemployment of the industry.

If anyone has an idea what this is worth please comment.

Correct me if I'm wrong, but I thought we could resit next year with our A2s. It is the year after where AS are scrapped

I said exactly this but also mentioned the de-multiplier.

I said exactly this but also mentioned the de-multiplier.