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    does anybody have an exemplar analysis paragraph

    i'm struggling to know when to stop and when to carry on
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    What's the chance that both contexts this year will be more business economics as opposed to the classic intervention stuff? Last year neither 25 was really on business economics so does anyone think perhaps aqa might do it the other way this year? I really hope not as I hate business economics haha.
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    is it a big risk not revising labour markets? Im much more confident on the business side and would probably choose those questions for the context/essays.
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    My predictions for the context questions
    One on labour markets
    other on gov intervention

    for the essays

    Price discrimination
    Comparing Perfect competition and monopoly
    Cost benefit analysis
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    (Original post by Student1245)
    is it a big risk not revising labour markets? Im much more confident on the business side and would probably choose those questions for the context/essays.
    Probably a risk yes.. It might be one of the contexts or an essay 3
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    (Original post by meimaths123)
    My predictions for the context questions
    One on labour markets
    other on gov intervention

    for the essays

    Price discrimination
    Comparing Perfect competition and monopoly
    Cost benefit analysis


    If these options come up I swear to god I will hit the roof in joy .


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    Can someone hit me up with an exemplar monopoly v PC essay, cheers
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    (Original post by meimaths123)
    My predictions for the context questions
    One on labour markets
    other on gov intervention

    for the essays

    Price discrimination
    Comparing Perfect competition and monopoly
    Cost benefit analysis
    What could the question be on comparing perfect competition and monopoly?
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    (Original post by meimaths123)
    My predictions for the context questions
    One on labour markets
    other on gov intervention

    for the essays

    Price discrimination
    Comparing Perfect competition and monopoly
    Cost benefit analysis
    I think these will come up too, bloody hope they do they're what I am revising today lol
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    anybody have any perfect comp vs monopoly notes?
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    (Original post by badgyal)
    anybody have any perfect comp vs monopoly notes?
    Don't have any direct notes but just break it down and it'll make sense

    There's a diagram that compares the two directly ( I've linked it )

    So perfect comp = allocative efficiency = good for consumers cheaper prices and maximum consumer surplus

    - also more goods available because there's lots of suppliers in the market

    - only normal profit made as a result, have to strive to cuts costs ( most likely productively efficient too).. As a result and therefore no misallocation of resources .. As it's essentially competitive and everyone has perfect knowledge , demands fully elastic e.c.t

    Now you could literally argue the opposite with monopolies

    - diagram - profit maximisers as the theory of the firm argues MC=MR
    - less consumer surplus aren't allocativly efficient as a result
    - restrict output put up the price

    But this profit can go towards R+D /investments innovation e.c.t improving overall dynamic efficiency in the long run compared to competitive markets where only normal profit is made so it's hard to re invest ( and even if one firm did , because there's perfect knowledge all the other firms would just follow )..

    - also could argue its productively efficient as they gain from economies of scale however in the long run there's decreasing marginal returns and diseconomies of scale as management problems e.c.t fall in
    - could be added due to X-Inefficiency arguments
    - and despite their ATC's doing down and a potential for these cost cuts being passed onto the consumers ... Theory of the firm argument counter argues that .


    - extra side points depending on the extract /Q / time in the exam

    - monopsony buyers --> exploitation
    - overall welfare loss to consumers
    - misallocation of resources and market failure created by pollution for example

    Stuff like that

    Hope that helps xxx

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    Thank you! Also does anyone have any predictions of things that WON'T come up this year?
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    (Original post by badgyal)
    Thank you! Also does anyone have any predictions of things that WON'T come up this year?
    the stuff on last year's paper )
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    if i do really bad in unit 3 but do good in unit 4 can i still get an A overall
    i got an A in unit 1 and 2 last year so is it possible?
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    (Original post by cherry1997)
    if i do really bad in unit 3 but do good in unit 4 can i still get an A overall
    i got an A in unit 1 and 2 last year so is it possible?


    What ums did you get ? Last year ? Xx

    And it's completely possible tbh ^ providing the UMS work out


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    (Original post by Anymorefor123)
    What ums did you get ? Last year ? Xx

    And it's completely possible tbh ^ providing the UMS work out


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    i got 166ums points last year can i afford getting c in this unit?
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    How can they possibly ask us a 25 marker on price discrimination? Does anybody know? There's a good amount of concepts and eval for it but I'm not necessarily sure if I could write 25 marks worth. 😳😳😳


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    (Original post by Student1245)
    is it a big risk not revising labour markets? Im much more confident on the business side and would probably choose those questions for the context/essays.
    Product markets always come up, it wont be a risk, but you wont be able to pick and choose what you get from the product market since you'll have no alternative.
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    Feel ready. yet not ready. Depends on the question...
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    (Original post by cherry1997)
    i got 166ums points last year can i afford getting c in this unit?
    With 166 last year that gives you 6UMS leeway into this year. To get an A you need 154 this year between Econ 3 and Econ 4 minimum. If you got 54 UMS this year in Econ 3 (mid-C) you would need full UMS on Econ 4. Just for perspective
 
 
 
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