Whose doing the exam tomorrow? Hows your revision going, you prepared?
Personally I have learnt most of the content (still need to do Labour Markets and Market/Government failure!) but should be fine as long as no crazy questions come up, am pretty glad there are no multiple-choices as they are my downfall tbh!
Me! Yeah revision is going good tbh, pretty sound knowledge for most of it. Hoping for PC, monopoly and poverty to come up.
hopefullly there are questions on monopolies and externalities
market failure for section A and Poverty and inequality for section B. That's what i'm praying for lol
Hoping for a nice questions on:
- Perfect competiton/monopoly
- Labour markets/trade unions
- externalities/market failure
- oligopoly/kinked demand curve is OK I guess
Hoping for Oligopoly, poverty, trade unions. Maybe externalities or even CBA. You have got to realise if it's monopolies or PC everybody will do well and grade boundaries will be high.
Poverty is easy for evaluation and there's a lot to write about.
Wouldn't mind trade unions and markets, some easy graphs and you can get a lot of marks.
in my textbook it says the the introduction of a minimum wage in the labour market might increase invest in capital and training of labour. Why would this be the case?
How about Industrial Policy, that section seems so boring, what are the chances that it might come up?
Is noone doing transport economics?!!!!