Essay 1 My factors causing budget deficit:
Inflation
Interest rates
State of economy (eg recession)
If government needs to increase productive capacity by reducing taxation i drew and AD AS diagram and defined terms hopefully thats 15 marks

Reply 205

econam

11

I thought it was alright - not as good as unit 3 though.

I did context 1 and essay 2

Reply 206

Patrick Gekko

10

I did context B and essay 2.

Maybe I'm being optimistic but I think the boundaries could be lower than normal for that paper. From what I have heard, loads of people chose essay 3 about the EU, mainly because of how relevant it is. I honestly think a lot of people will have just recited all of the arguments they've heard on TV etc. despite a lot of them not being economic arguments, as such. I just looked in the textbook and the diagrams for the EU are, imo, the hardest ones for the whole of econ4, and I am willing to bet that most of the people who chose that essay wouldn't have included them. I'm also doubtful that many would've included things about monetary union and other 'solid' economic arguments, because the 'economic arguments' that we hear on the TV for vote leave/remain are quite different to the ones that AQA want.

At least that's what i'm hoping...

Reply 207

sam1738

In context 2 essay i talked about demand side poilicies as being fiscal policy to cut welfare benefits (reduction in government spending) but i now realise this is supply side. This was a large part of my essay, what will this limit me to?

Reply 208

charanjittt

2

what did you guys write for essay 2?? i think i answered it wrong

Reply 209

Crozzer24

7

Original post by Patrick Gekko

I did context B and essay 2.

Maybe I'm being optimistic but I think the boundaries could be lower than normal for that paper. From what I have heard, loads of people chose essay 3 about the EU, mainly because of how relevant it is. I honestly think a lot of people will have just recited all of the arguments they've heard on TV etc. despite a lot of them not being economic arguments, as such. I just looked in the textbook and the diagrams for the EU are, imo, the hardest ones for the whole of econ4, and I am willing to bet that most of the people who chose that essay wouldn't have included them. I'm also doubtful that many would've included things about monetary union and other 'solid' economic arguments, because the 'economic arguments' that we hear on the TV for vote leave/remain are quite different to the ones that AQA want.

At least that's what i'm hoping...

That's the exact reason why I decided not to answer the eu question

Reply 210

High Stakes

18

Original post by Patrick Gekko

I did context B and essay 2.

Maybe I'm being optimistic but I think the boundaries could be lower than normal for that paper. From what I have heard, loads of people chose essay 3 about the EU, mainly because of how relevant it is. I honestly think a lot of people will have just recited all of the arguments they've heard on TV etc. despite a lot of them not being economic arguments, as such. I just looked in the textbook and the diagrams for the EU are, imo, the hardest ones for the whole of econ4, and I am willing to bet that most of the people who chose that essay wouldn't have included them. I'm also doubtful that many would've included things about monetary union and other 'solid' economic arguments, because the 'economic arguments' that we hear on the TV for vote leave/remain are quite different to the ones that AQA want.

At least that's what i'm hoping...

Everyone at my school did essay 2.

Reply 211

Roses98

1

Original post by High Stakes

22753?

Yes!! That's it!! At least 5 marks 👍🏽

Which essay did you pick?

Reply 212

Crozzer24

7

For the causes of a budget deficit did people state the situation where this would occur or did you explain how an increase in gov spending/reduction in tax would lead to a budget deficit and the effects of this

Original post by Crozzer24

For the causes of a budget deficit did people state the situation where this would occur or did you explain how an increase in gov spending/reduction in tax would lead to a budget deficit and the effects of this

I talked about low income tax but also discincentives, unemployment and shocks, I think.

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Reply 214

prepdream

9

Original post by charanjittt

what did you guys write for essay 2?? i think i answered it wrong

Like how deflation caused by decrease in AD leads to unemployment, budget deficit and decrease in investment.
Then evaluate and say if it is caused by increase in AS then it's good.
How about you?

Original post by Roses98

Yep got around €22,7XX !!

Of course I got that wrong . . . I got €4XXXX or something. I always screw up the calculation . . .

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Reply 216

Patrick Gekko

10

Original post by High Stakes

Everyone at my school did essay 2.

My school seemed to be an even split between 2 and 3, so hopefully the ones doing 3 will bring boundaries down...

Context 2, Essay 1. I found the paper a hell of a lot better than Unit 3!

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Reply 218

Roses98

1

Well, I'm assuming you did the significant feature right so there's 3 marks for you! And another one given your method was vaguely correct for your calculation! 4/5 isn't too shabby 😊

Reply 219

Hklljg

How did you all approach context 2 25 marker?

AQA A2 Economics Unit 4 (ECON4) June 23rd OFFICIAL THREAD

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