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

Announcements Posted on
Four things that unis think matter more than league tables 08-12-2016
    • Thread Starter
    Offline

    2
    ReputationRep:
    (Original post by Alextaylor6)
    what?
    LOL there was no mcqs..
    Howd it go for you bud?
    Offline

    0
    ReputationRep:
    sounds like everyone did q7 and q8, I did q9 and q10....
    Offline

    2
    ReputationRep:
    (Original post by BirdIsWord)
    LOL there was no mcqs..
    Howd it go for you bud?
    yeah he's trippin,

    pretty ****ing awful tbh
    Offline

    2
    ReputationRep:
    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
    Offline

    2
    ReputationRep:
    (Original post by joem_09)
    What percentage did those who did the first context get?
    1.87% i think
    Offline

    3
    ReputationRep:
    (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

    Posted from TSR Mobile
    • Thread Starter
    Offline

    2
    ReputationRep:
    (Original post by Alextaylor6)
    yeah he's trippin,

    pretty ****ing awful tbh
    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..
    Offline

    3
    ReputationRep:
    (Original post by jessicaxxx1)
    Yeah i did! It was either that or 2%
    Awesome!
    • Thread Starter
    Offline

    2
    ReputationRep:
    (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
    Offline

    1
    ReputationRep:
    (Original post by cutelady)
    I did the same what was the question again?


    Posted from TSR Mobile
    Evaluate the view that monopoly power in markets is undesirable - something like that
    Offline

    1
    ReputationRep:
    (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.
    Offline

    2
    ReputationRep:
    (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
    Offline

    2
    ReputationRep:
    (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
    Offline

    3
    ReputationRep:
    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 )..


    Posted from TSR Mobile
    • Thread Starter
    Offline

    2
    ReputationRep:
    (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..
    Offline

    1
    ReputationRep:
    (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
    Offline

    0
    ReputationRep:
    any unofficial mark schemes going?
    Offline

    3
    ReputationRep:
    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 ....
    Offline

    2
    ReputationRep:
    Thats pretty good.. i didnt say that.. I just had a standard essay, went through theory then possible methods of interv..[/QUOTE]

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

    1
    ReputationRep:
    AQA haven't been really bad on questions so far which is hopeful in the case of unit 4. If only Edexcel were like this...
 
 
 
Write a reply… Reply
Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: August 19, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Poll
Do you think you'll achieve your predicted A Level grades?
Useful resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.