AQA Economics Unit 3: Friday 29th January PM Watch

Deshi
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#1
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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!
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flemingo92
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Me! Yeah revision is going good tbh, pretty sound knowledge for most of it. Hoping for PC, monopoly and poverty to come up.
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MIKE ESSIEN IS QUITE SICK
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hopefullly there are questions on monopolies and externalities
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-WhySoSerious?
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(Original post by MIKE ESSIEN IS QUITE SICK)
hopefullly there are questions on monopolies and externalities
externalities are piss easy man! they take 10 mins to revise as well, you'll kick yourself if you can't answer a question on 'em. do it
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MIKE ESSIEN IS QUITE SICK
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(Original post by -WhySoSerious?)
externalities are piss easy man! they take 10 mins to revise as well, you'll kick yourself if you can't answer a question on 'em. do it
lol?????
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Deshi
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Perfect competition and monopolies :sogood:
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jpatel10
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market failure for section A and Poverty and inequality for section B. That's what i'm praying for lol
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matt2k8
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Hoping for a nice questions on:
- Perfect competiton/monopoly
- Labour markets/trade unions
- externalities/market failure
- oligopoly/kinked demand curve is OK I guess
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Deshi
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(Original post by matt2k8)
Hoping for a nice questions on:
- Perfect competiton/monopoly
- Labour markets/trade unions
- externalities/market failure
- oligopoly/kinked demand curve is OK I guess
That's basically the whole syllabus :p:
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Tallon
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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.
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matt2k8
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(Original post by Deshi)
That's basically the whole syllabus :p:
Lmao good point Although I just realised when I did a question on perfect competition I forgot about the short run bit completely, ahh
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matt2k8
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(Original post by Tallon)
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.
It wouldn't surprise me if they mark questions on "less well done" topics less harshly than ones which "everyone" does well on as having one set of boundaries for an exam with a choice of questions doesn't make much sense really, I wouldn't worry about them tbh.
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GooneR RoB
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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.
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MIKE ESSIEN IS QUITE SICK
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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?
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DarkWarrior
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How about Industrial Policy, that section seems so boring, what are the chances that it might come up?
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GooneR RoB
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(Original post by DarkWarrior)
How about Industrial Policy, that section seems so boring, what are the chances that it might come up?
It'll probably just be advantages and disadvantages.
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Deshi
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(Original post by MIKE ESSIEN IS QUITE SICK)
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?
Could be something like...

When the NMW was introduced firms would hire less people (might have been paying people below mw?) therefore would invest in captal to keep production levels up and as they have less workers the wan them to be as efficient as possible and therefore train them more?

(ps this is a complete guess, it is a weird assumption imo)
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burayo
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Is noone doing transport economics?!!!!
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Emmybear
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seems like i'm in the minority with not wanting a poverty question!
trade unions would be nice

and i actually miss multiple choice now we have to do two 25 mark essays
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Deshi
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(Original post by Emmybear)
seems like i'm in the minority with not wanting a poverty question!
trade unions would be nice

and i actually miss multiple choice now we have to do two 25 mark essays
Instead of muliple choice there is one 15 marker and one 25 marker not two 25 markers
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