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AQA A2 Economics Unit 3 (ECON3) 20th June 2016 OFFICIAL THREAD

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Reply 340

BirdIsWord

Original post by Alextaylor6

what?

LOL there was no mcqs..
Howd it go for you bud?

Reply 341

madlyfire3

sounds like everyone did q7 and q8, I did q9 and q10.... :s-smilie:

Reply 342

Alextaylor6

Original post by BirdIsWord

LOL there was no mcqs..
Howd it go for you bud?

yeah he's trippin,

pretty ****ing awful tbh :redface:

Reply 343

meimaths123

For context 1, 25 marker did you talk about taxes/windfall taxes and how that would move mpc closer to the socially optimum level?or am i compltetly wrong lol

Reply 344

meimaths123

Original post by joem_09

What percentage did those who did the first context get?

1.87% i think

Reply 345

econam

Original post by Mo_Jo.

For section B (25 marker)

It says concentrated markets and monopoly power..... does that mean you HAVE to talk about ologopolies or is talking about monopolies alone sufficient???!!?!??!

No as long as you talked about imperfect competition and it's outcomes you will be fine. They could never expect you to analyse and evaluate if it were monopoly or oligopoly

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Reply 346

BirdIsWord

Original post by Alextaylor6

yeah he's trippin,

pretty ****ing awful tbh :redface:

ay lmao same.
Which essays did you do/what did you talk about?
I have no idea why i chose essay 2.. essay 1 was much much easier looking now that i think about it..

Reply 347

BrightonDunkley

Original post by jessicaxxx1

Yeah i did! It was either that or 2%

Awesome!

Reply 348

BirdIsWord

Original post by meimaths123

For context 1, 25 marker did you talk about taxes/windfall taxes and how that would move mpc closer to the socially optimum level?or am i compltetly wrong lol

Hmm that could be right depending how you analysed/mentioned its relevance. What else did you mention

Reply 349

sharjeel743

Original post by cutelady

I did the same what was the question again?

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Evaluate the view that monopoly power in markets is undesirable - something like that

Reply 350

Sebster98

Original post by sharjeel743

I answered essay 1, pretty sick answer i think, but the only issue is that i talked only about monopolies and monopoly power and didnt mention oligopolies once, so people think i'll lose marks, and if so how many???

You might be ****ed ngl. Im not joking no matter how good your answer was you'll probably hit a ceiling of around 16-18 marks if that, as you literally left out half of your answer. Unlucky bro.

Reply 351

meimaths123

Original post by BirdIsWord

Hmm that could be right depending how you analysed/mentioned its relevance. What else did you mention

spoke about regulation with eval being regulatory capture, wbu i think i messed up that essay badly tho

Reply 352

Alextaylor6

Original post by BirdIsWord

ay lmao same.
Which essays did you do/what did you talk about?
I have no idea why i chose essay 2.. essay 1 was much much easier looking now that i think about it..

I did context 1 and essay 3, the questions were ****ing weird man

Reply 353

Anymorefor123

How many marks would I get for this 15 marker in essay 2- wrote about it wrong

I said in the short run variable /fixed factors of production are fixed ( can't change ).. Which is incorrect should be at least ONE factor is fixed .. So as variable factors increase their comes a point where the additional output in relation to the input starts to decrease

And then long run I did pretty much the same but actually right this time ( fixed /variable factors are not constant and can't increase ).. Then did econ of scale ( increasing marginal returns ).. And decreasing marginal returns .. Disecon of scale ... The MES/ productive efficiency

How many marks could I get for that error at the beginning ? Have I screwed up my chances .. I didn't do any definition because tbh I explained it in detail

Had a diagram - econ of scale one ( talked about it )..

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Reply 354

BirdIsWord

Original post by Sebster98

You might be ****ed ngl. Im not joking no matter how good your answer was you'll probably hit a ceiling of around 16-18 marks if that, as you literally left out half of your answer. Unlucky bro.

You seem pretty confident. What did you write for the essay?

Original post by meimaths123

spoke about regulation with eval being regulatory capture, wbu i think i messed up that essay badly tho

Thats pretty good.. i didnt say that.. I just had a standard essay, went through theory then possible methods of interv..

Reply 355

Nutcaserob

Original post by Sebster98

You might be ****ed ngl. Im not joking no matter how good your answer was you'll probably hit a ceiling of around 16-18 marks if that, as you literally left out half of your answer. Unlucky bro.

I don't think hes ****ed

Reply 356

pdonny

any unofficial mark schemes going?

Reply 357

redwhiteandbrit

Context 1

1.87%. Then discussed how the USA used the most of each category except for 2 which China dominated. 4/5 I hope.

Ten marker was interesting, discussed creation of red tape and taxes as costs for firms, causing inward shift of supply and higher prices for consumers/uncompetitiveness. 8/10 I think

25mk question was INCREDIBLY wishy-washy. I discussed market failing due to lack of property rights/negative externality. Then how the government would have to rectify this, e.g. through taxes or regulation. Spoke about the potential for government failure. Overall structure was weird, conclusion was a mishmash but concluded that market forces would be optimal, but government must encourage this. 15-17/25 hopefully, well below my normal best but hey ho.

Essay 2

15mk question was again a weird structure, discussed short run having fixed factors and marginal returns due to fixed stock, but initial specialisation and division of labour. Went on to discuss the long run returns to scale as proportional increases in the size of the firm. Did a diagram but labelled the axes wrong. 10/15 maybe?

25mk was lovely. I think I answered it well, referring to lots of groups. Perhaps it was a bit narrow and slightly repetitive about satisficing objectives, but I think it went well. 23/25?

Overall means I did pretty poorly by my standards, which I'm not to happy about, but hopefully it'll still be enough to get that A i need for uni ....

Reply 358

meimaths123

Thats pretty good.. i didnt say that.. I just had a standard essay, went through theory then possible methods of interv..

wasnt confident in the exam lol , thats sounds good though, what did u write for q2 for that context