AQA A-level Economics new 7136 - 06, 13 & 19 Jun 2017 [Exam Discussion]

I also set the scene - you drew two diagrams as well?

I would suspect we spent more time on this question than it perhaps deserved, but it should work - you cannot be too thorough.

I did not draw the welfare loss on my msb diagram for the sugar 15 marker, how much is this likely to hurt my marks?

Hi everyone, I did context 2 on the gender pay gap and the essay 2 on poverty.

For the first 25 marker I wrote about how trade unions/ the NMW and progressive taxation and benefits could be used to reduce the gao in the economy and how successful each policy was.

For the second 25 marker I wrote about how the trickle down effect/economic growth could be used by the market forces to reduce poverty, and the NMW/progressive taxation and benefits for government intervention,

Does this sound about right on the whole? Found the paper fairly good.

Great exam

Context 2;

2 marker- 69.1% something like that or 63.9% can't remember exactly

4 marker- easy just showing how the pay gap got smaller by £445 from 2000 to 2015

9 marker- define key terms, demand for labour derived from MRP in perfectly competitive labour markets. Construction for example men may have more natural strength and can lift heavier objects so they can produce more i.e. marginal product higher than women so higher MRP for men than women here. Though imperfections do exist so women may also gain less due to discrimination. Also they may supply their labour less or not as available due to lifestyle commitments and thus men have higher marginal revenue so higher wages.

25 marker- define key terms. Min wage- increase earnings for women in employment, more equal dist of income. Weak- q of lab falls and even more so if demand for labour is wage elastic. Strong- can't remember what I said.

2nd point- imperfections such as discrimination often evident in labour market so womens MRP is lower than their true MRP so increase laws aimed at preventing this to bring MRP up to true MKT mrp.

Weak- wage gap fallen by £445 over 15 years so not as relevant and equal pay act prevents this. Strong- 32% women claim they are paid less than men according to career build.co.uk

Conclusion- other policies, leave to market forces etc.

Double essay:
define terms

de-merit good diagram with the MPB greater than MSB

Reasons- consumers imperf info on lr private costs

Firms ignore externalities so over provide and we demand at that q

Some sugary drinks have elasticities in the region of 0.3-.06 due to addictive nature so even if price increases to attempt to reduce demand demand will still be at an over consumption as demand is price inelastic.

Facts- NHS 16.1 billion costs obesity. 20% obese population

25 marker:

Define terms

Tax- internalise market failure etc due to fall in supply from tax reduced quantity back to optimum

Weak- demand for goods may be inelastic so fall is unrealistic. Strong is tax rev is used for subsidising healthy alternatives.

2nd point- prof max firms e.g apple earn large supernormal profits e.g 54.1 billion in 2015 and evade tax e.g relocating to Ireland. Tax may not have such an affect on these firms so gov provision is necessary. Gov provision diagram.

Weak- orgs in free market may be a charity or attempt to raise awareness of risks so produce at q where mc=mr so gov provision unnecessary. Strong- can't remember

Conclsuion- evaluated args. Behavioural economics also relevant e.g nudge policies such as mandating choice etc.

I think my diagram is similar to yours (I mentioned rising costs but for a different reason). I hope our diagrams are valid!

This seems like a good answer to me.

Neither did I, just realised 😬

Answer to question 1 was 69.6 and question 2 was 495

Context 1 was the bar chart and revenue

Could someone help give an estimate to the mark i should get for the context 1 25 marker about the privatisation of the royal mail?
The points i discussed was that there will be benefits because of productive efficiency, allocative efficiency, dynamic efficiency. (I went on to analyse this in greater detail of course). I think spoke about the cost to workers because it mentioned something in extract C how workers are being replaced by technology. I also mentioned how their monopoly power could cause them to exploit economies of scale as to reduce competition. In my conclusion, I spoke about whether the royal mail being privatised is better than it being nationalised. As a final judgement, i said that the benefits outweigh the costs assuming the regulation is strict and bigger than the market to prevent regulatory capture.
I know that it is a lot to ask for but could someone please give me an estimate as to what they reckon I got?
Thank you very much for any replies!

Could someone help give an estimate to the mark i should get for the context 1 25 marker about the privatisation of the royal mail?
The points i discussed was that there will be benefits because of productive efficiency, allocative efficiency, dynamic efficiency. (I went on to analyse this in greater detail of course). I think spoke about the cost to workers because it mentioned something in extract C how workers are being replaced by technology. I also mentioned how their monopoly power could cause them to exploit economies of scale as to reduce competition. In my conclusion, I spoke about whether the royal mail being privatised is better than it being nationalised. As a final judgement, i said that the benefits outweigh the costs assuming the regulation is strict and bigger than the market to prevent regulatory capture.
I know that it is a lot to ask for but could someone please give me an estimate as to what they reckon I got?
Thank you very much for any replies!

I think I did the same to I did a negative externality diagram isntead of demerit diagram but then when I applied it I said it shows the demerit good which has negative externalities because I got myself confused, would that be acceptable

Damn wish I read the data about the costs to labour I skimmed read, all i can say I think your points are valid, I don't know how to band it but should be high. Wish I thought of your points

Without looking at your full answer , diagrams used, chain of reasoning, depth of analysis is not really possible to give a mark. The points seem fine but I have seen situations were the correct points were given but there was lack of development and it was awarded low L3

It is good but if you spoke about signalling incentive and rationing function that would of been better i thinkin