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

For the 9 mark on context 2, I shifted LRAS right instead of SRAS. Will I still get max marks for explaining it well?

I said increase in exchange rate, higher inflation than other countries and lower quality of products.

are we limited to 16 marks if we dont include 3 points/policies per 25 mark essay? please someone?

Comparative advantage from free trade meaning you may export more than another good such as UK with a comp advantage in financial services.

Protectionism in the form of tariffs from other countries may affect the pattern of trade

and the quality and price of goods

Maths q- 7.23 % something along them lines

Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

Then did how AD would increase as exports more price competitive leading to further economic growth.

Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

25 marker-
defined the terms

1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

Diagram- increase supply labour and fall in voluntary unemployment

strong- something from source
weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment


conclusion- supply side policies may be most effective and compared args etc.


I missed out a bit but i feel like that is awful haha

Just someone give me comfort that micro finance Is a market based policies because I based my entire essay on that also talked about privatisation and then protecionism as argueing for intervention by governments
So much crap
I didn't even used a tariff diagram because my essay was getting way too long

well I hope not considering I have done the format- intro 1 point eval 2 point eval conclusion for the last 2 years

No diagram is "wrong" in economics, you just need an explanation that makes sense. If you used LRAS and your explanation makes sense then it's fine, since it wasn't specified they wanted the SRAS curve (although it was clear to me that that was the one they wanted to see).

No diagram is "wrong" in economics, you just need an explanation that makes sense. If you used LRAS and your explanation makes sense then it's fine, since it wasn't specified they wanted the SRAS curve (although it was clear to me that that was the one they wanted to see).

I missed out a bit but from what I remember this is what I did: it feels awful to me

Maths q- 7.23 % something along them lines


Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

Then did how AD would increase as exports more price competitive leading to further economic growth.

Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

(2 diagrams shifting AS and shift AD)

25 marker- defined the terms

1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

Diagram- increase supply labour and fall in voluntary unemployment strong- something from source weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment

conclusion- supply side policies may be most effective and compared args etc and shifting LRAS right .

Similar points but not as detailed haha, I wrote a fair bit about MNCs and why they were good for India (jobs, reduction in poverty, tax for government) and then bad (exploiting workers, forcing smaller domestic firms out of business, avoiding tax), evaluated they were overall good and then stressed the importance of the aid ($222 bil?) from foreign countries in improving the infrastructure to attract more FDI and multipler effects. I may have been going down the wrong lines I don't know hahaha

For the 9 mark on context 2, I shifted LRAS right instead of SRAS. Will I still get max marks for explaining it well?

Did anyone do the taxation question?

I talked about how reducing direct tax shifts out AD/SRAS and the positive impacts of this
And then said the negative impacts of shifting the tax, and said it's regressive so increases inequality, and said how the government may not raise enough tax revenue so there's a structural deficit and talked about the economic consequences of this
Not sure if that's right, did anyone else do this essay section?

Holy heeeeeelllll I did not write any of that omg
I talked about micro finance as a market policy
Said the affect it would have on quality of life
Reduce poverty increase access to education increase lr growth blah blah
But evaluated badly

Said that protecionism was needed to prevent power of mncs and that goverments had to intervene said something similar but forgot the retaliation point. Talked about goverment failure like it was a micro exam :/

Talked about privatisation mentioned similar points

Lol I flopped

India context people what did you write for the 25 marker?

Similar points but not as detailed haha, I wrote a fair bit about MNCs and why they were good for India (jobs, reduction in poverty, tax for government) and then bad (exploiting workers, forcing smaller domestic firms out of business, avoiding tax), evaluated they were overall good and then stressed the importance of the aid ($222 bil?) from foreign countries in improving the infrastructure to attract more FDI and multipler effects. I may have been going down the wrong lines I don't know hahaha