2016 Edexcel Economics A: Paper 1 Intro To Markets And Market Failure (May 16th)

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Reply 260

geogboy

loool i must up then :colondollar:

Reply 261

lpjjohnson

Original post by geogboy

6(f) i wrote about maximum price scheme

Same here

Can't say if that was the right thing to do though, I've seen a lot of varying answers for 6(f).

of messed up*

For the flower question could you have used extended property rights.

Reply 264

lpjjohnson

Original post by Willdono

For the flower question could you have used extended property rights.

My class wasn't really taught property rights but from my understanding of it, that sounds like something that would be an acceptable answer and I don't think you're the only person to have put that so it should be okay.

Reply 265

nicoledsk

how did everyone find it? i think it went well but was anyone else completely baffled by the first question related to the functions of money and division of labour? :s-smilie:

and i think i might have fell a bit short on application marks. i'm praying for low grade boundaries.

Reply 266

lpjjohnson

Original post by nicoledsk

how did everyone find it? i think it went well but was anyone else completely baffled by the first question related to the functions of money and division of labour? :s-smilie:

and i think i might have fell a bit short on application marks. i'm praying for low grade boundaries.

You and the rest of the world. My friends and I found it very difficult and I found the wording of the paper was very poorly done. I'm just hoping next week will be better!

Reply 267

nicoledsk

Original post by lpjjohnson

You and the rest of the world. My friends and I found it very difficult and I found the wording of the paper was very poorly done. I'm just hoping next week will be better!

The wording of the paper was absolutely awful! i just keep reminding myself that it's a new specification, so if we all don't do as well as they hoped then they will surely lower the grade boundaries! it was totally unfair for them the give us that as a first question tho, i mean where was our PPF diagrams and positive/normative statements!!!

Reply 268

lpjjohnson

Original post by nicoledsk

Omg yes - the start of the paper totally threw me for the rest of it! I was literally praying for specialisation, housing markets and government intervention/failure not to be on there and all of it was. Such a nightmare.

Reply 269

_cryinglightning

Original post by Jasaron

There's always unit 2, which historically isn't as hard. Also, you can usually drop way more than 15; even in the last year of the old spec you could drop 19 marks and get an A. The lowest grade boundary for an A let you drop 25 marks, which was in the first January the spec was sat in, back in 2010. I'd imagine for this paper, it'd be about 60/80 for an A, although I could be wrong.

Last year was 61/80 for an A so there is scope for errors! Having said that I have made so many stupid mistakes

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Reply 270

_cryinglightning

I'm so annoyed as I only said rental markets and houses are substitutes, I didn't define XED or draw a diagram etc. I am really upset with the paper because I revised hard but in the exam panicked

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Reply 271

nicoledsk

Original post by lpjjohnson

Oh well there's always paper 2 next week, are you prepared for that? i think i find macro easier than micro anyway :biggrin:

Reply 272

lpjjohnson

Original post by nicoledsk

Oh well there's always paper 2 next week, are you prepared for that? i think i find macro easier than micro anyway :biggrin:

I find macro soo much easier. I got 90% on a macro paper recently and 69% on a micro so you can see the spread there :P Economics is my only exam so even though I feel prepared now, I know I've got a whole week of revision that will really improve my results and hopefully boost my grade up after that abysmal exam :/ How about you?

Reply 273

username2573313

Guys for the 20 marker I talked about subsidies instead of public goods, I talked about how subsidies will help people with low income consumers and how suppliers will able to increase supply etc and my main evaluation points were time lag, opportunity cost and magnitude. How many marks can I get? I just forgot about public good completely, I am such an idiot

Reply 274

spuri

Hey what you think of the paper 1 Edexcel AS economics paper today, eps the price mechanism question as I just didn't get it at all?

Reply 275

Dennizun_win

Hitler reacts to Unit 1 video uploading soon :smile:

Be warned its very sweary.

Reply 276

nicoledsk

Original post by lpjjohnson

same! i feel more prepared for macro, but i said that about micro too....
and you're lucky that you have a whole week! my maths C1 exam is on Wednesday. Do you enjoy economics and think you'll continue it after AS level?

Reply 277

lpjjohnson

Original post by nicoledsk

Oh god, good luck!! Yes I love economics and am hoping to continue it. I want to take all four of my A level options but they are all 2 year courses so my school asked me to take an AS so that I would have the option to change my mind in case next year became too overwhelming. What about you? Are you dropping?

Reply 278

rohanregmi

you guys, i think I really mucked up on the demand for housing and Help to Buy scheme. I didn't mention XED, but if I used to extract and explained what would happen to demand and evaluated, how many marks do u think i could potentially receive?

Reply 279

lpjjohnson

Original post by rohanregmi

I'm not sure. I think mentioning XED and that the goods are substitutes was the basis for the question. It depends really on what you said would happen to demand and how you evaluated. If you did that well then I'm sure you wouldn't have lost all the marks for that question.