AQA A2 ECONOMICS ECON 3 20th JUNE

Any predictions for this exam? I'm thinking maybe something to do with oil and its decline in price or something to do with china's steel industry dumping on the export market.

Just to keep in mind, the exams are written almost over a year ago, so the excess dumping of steel by China has a small chance of coming up as it was only truly noticed early this year, and end of last year, on the media. Oil prices dropping, I agree, is very possible as it started to fall dramatically in 2014.

I think there could be a chance for mergers to come up again, I know a lot of big mergers have occurred in the past years, and some which have been blocked by competition authorities. Last time this sort of context came up was in 2011.
I know of a merger of two extremely large alcohol firms from last year which was made official. This is a good example as it is an inelastic good with negative externalities and market failure written all over it.

?
How?
Merge -->more market share-->more price setting power -->increase price, decrease quantity consumed-->less of demerit good consumed.

How is this a bad thing again?

Are there any topics that come up regularly in the section B parts, where there are optional essays, for AQA Econ 3 and Econ 4?

For unit 3, most of the time there will be an essay on a type of market structure, or to do with a market structure (like monopoly,etc.). There are also ones which have topics in the middle of the textbook like contestability, price discrimination,etc. And lastly from a majority of essay questions as Essay 3 are all about labour markets or poverty and inequality.

For unit 4, they're mainly based on specific types of government policy, like fiscal policy. Or, they're about one or two macroeconomic performance indicators, like inflation for example, and will then ask to evaluate it in context with something else.

Hope this helps a bit.

Ah yeah cheers! Any predictions on what can/can't come up for section B's essays, since section A is a lot more varied?

Just to keep in mind, the exams are written almost over a year ago, so the excess dumping of steel by China has a small chance of coming up as it was only truly noticed early this year, and end of last year, on the media. Oil prices dropping, I agree, is very possible as it started to fall dramatically in 2014.

I think there could be a chance for mergers to come up again, I know a lot of big mergers have occurred in the past years, and some which have been blocked by competition authorities. Last time this sort of context came up was in 2011.
I know of a merger of two extremely large alcohol firms from last year which was made official. This is a good example as it is an inelastic good with negative externalities and market failure written all over it.

Anybody else think Royal Mail privatisation may come up??

Is 1 well explained and evaluated point enough to get us 20/25 ?

Has to be at least two issues discussed to exceed something like 15/16 marks

Posted from TSR Mobile

Our teachers think that

Is 1 well explained and evaluated point enough to get us 20/25 ?

Has to be at least two issues discussed to exceed something like 15/16 marks

Posted from TSR Mobile

Your suggestion on oil prices for ECON3 is interesting. There have been nasty ECON4-esque questions about the Single European Market but as ECON3 question. Something like 'discuss the effect of the SEM on businesses'.You sound very adept at ECON3 - could I ask your advice on tackling a question on oil prices for ECON3? What angle would you discuss it? Product and labour markets? Falling LRAC? I'd find it tricky to separate the ECON3 content from ECON4.

Who did context 1? What percentage did people get for the 1st question? I got 1.87%