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

oh no it was not brother lool

Sorry? The question was whether or not they should intervene, so you talk about how they could intervene and whether or not it's good for the economy and the industry

How many pages did you write for the 15 marker?
And what were your points for the 10 marker on data comparison?

someone tell me if I'm wrong but in my second argument on the 25 marker I said that gov need to intervene by subsidising steel market because it's a positive production externality in the sense it creates millions jobs in the manufacturing industry increases exports making AD go up in both ways and makes the uk more competitive and used diagrams to show how it works I did 4 diagrams for that argument one showing Positive production externality, and the deadweight loss to society if steel industry is not producing to the optimal level, the increase in production of government subsidies it, I also showed employment and demand for manufacturing workers increasing and creating jobs and an AD diagram

question is why brother.. can make talk about how but primarily you want talk why!

For the 25 marker my three paragraphs were:

For intervention (through the use of goverment subsidies as an example )
Against intervention (lack of comparative advantage, fall in demand in China, externalities etc.)
Alternative point (e.g. switching priority from steel industry to British car industry as it may be more profitable, use ppf)

Does that sound alright for the question?Not sure whether I did well here

Sorry mate it didn't say why but you're not wrong because you will have just argued for it which is fine because it was a discuss question

What did people get for the multiple choice wage question with real wage unemployment and natural unemployment? And why?

The question was do you recommend the government should intervene to support the steel industry in the uk

Yeah so you talk about how they could intervene and whether it's good or bad

Yeah so you talk about how they could intervene and whether it's good or bad

For a final judgement i said they should intevene to reallocate steel industries rather than tryingn to save then from dying

For a final judgement i said they should intevene to reallocate steel industries rather than tryingn to save then from dying

I said real wage difference

Like side and a half

I wrote that only figure 4 really demonstrated the UK manufacturing declining, figure 1 and 2 demonstrated the pattern of employment but it was quite stable apart from the financial crisis that affected every industry, figure 3 showed UK deficit increasing but no mention of how this was due to manufacturing

I'm probably miles out but that's what I put