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    Personally I think either something to do with the environment, smoking, buffer stocks or a commodity will come up.

    Most likely - buffer stocks and a commodity, perhaps gold.

    This is really all I am revising so they better!

    What markets do you think will come up?

    This thread should be purely discussing predictions please!
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    perhaps alcohol.

    I'm hoping either demerit goods/buffer stocks comes up.
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    (Original post by help-me333)
    perhaps alcohol.

    I'm hoping either demerit goods/buffer stocks comes up.
    Demerit goods were in Jan 2013 weren't they? So they won't come up unfortunately
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    (Original post by SimpleTom)
    Demerit goods were in Jan 2013 weren't they? So they won't come up unfortunately
    really? in what context? haven't had a chance to see the paper. When did buffer stocks last come up?
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    (Original post by help-me333)
    really? in what context? haven't had a chance to see the paper. When did buffer stocks last come up?
    Jun 11 i think, Jan 13 had stuff about fast food causing obesity - a demerit good.
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    Indeed, I did January 2013.

    Context 1: Obesity, unhealthy eating
    Context 2: Something about roads, motorways..

    I'd put my money on agriculture related. Or something TOTALLY new.
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    (Original post by Homeboy Hotel)
    Indeed, I did January 2013.

    Context 1: Obesity, unhealthy eating
    Context 2: Something about roads, motorways..

    I'd put my money on agriculture related. Or something TOTALLY new.
    hmm, jan 12 had a weird question on speed cameras, something like that could come up.

    i'm hoping for a agriculture/buffer stocks question though. That would be perfect.
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    Do you think it'd be a good idea to write 'An evaluation point is...' Or is that too obvious? Surely if you make it clear to the examinar he can't deny you the marks
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    (Original post by Alex-Torres)
    Do you think it'd be a good idea to write 'An evaluation point is...' Or is that too obvious? Surely if you make it clear to the examinar he can't deny you the marks
    No, no way. Using prompts such as however/this is based on the assumption/on the other hand...all those sorta prompts should give you sophisticated evaluation marks
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    (Original post by Alex-Torres)
    Do you think it'd be a good idea to write 'An evaluation point is...' Or is that too obvious? Surely if you make it clear to the examinar he can't deny you the marks
    My teacher told me never to do that. And sh marks the exams!
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    alcohol consumption as a demerit good
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    (Original post by VintageJunkie)
    alcohol consumption as a demerit good
    that's what I was hoping for, something to do with a min price on alcohol or something. but these guys say it came up last year.
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    I would put money on a question about public goods coming up... There hasn't been one for some time!
    If the question is on public goods I anticipate it to be something about police criminal investigation as there is a lot of data they can use in regards to the topic from about 12 months ago when the paper will have been written.

    If anyone would like a practice question on this topic I imagine they will ask something on the lines of this...

    *Quote from extract*
    Using the data and your economic knowledge, evaluate the economic case for and against whether police criminal investigation should be provided by the government or the free market.
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    (Original post by Frannyjw)
    I would put money on a question about public goods coming up... There hasn't been one for some time!
    If the question is on public goods I anticipate it to be something about police criminal investigation as there is a lot of data they can use in regards to the topic from about 12 months ago when the paper will have been written.

    If anyone would like a practice question on this topic I imagine they will ask something on the lines of this...

    *Quote from extract*
    Using the data and your economic knowledge, evaluate the economic case for and against whether police criminal investigation should be provided by the government or the free market.
    Thats sounds sensible - you could talk about whether policing is a public good - competitiveness of private security firms, etc, economies of scale of the police force. Good shout my friend!
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    Working by my teachers guide of AQA repeating questions every 4 years-ish... June 2009 was very similar to January 2013 (negative externalities, alcohol consumption/negative externalities, processed food consumption) - don't know what the other two contexts where for either. So, maybe Mondays exam will be similar to January 2010 - Agriculture (case for/against allowing market forces to determine prices) or Rail Travel (case for/against subsidies).
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    Could someone give me a brief paragraph for these two policies on stabilising prices of wheat or in general; subsidies and minimum price?
    sorry for sort of going off topic
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    (Original post by SimpleTom)
    Thats sounds sensible - you could talk about whether policing is a public good - competitiveness of private security firms, etc, economies of scale of the police force. Good shout my friend!
    I was thinking the exact same along with talking about if it were left up to the free market who would pay for the service and would people just refuse to pay for it causing insufficient demand meaning there wouldn't be a market for it. However the police would need to hire a detective team meaning the government would end up paying for it causing the free rider effect. If it were left up to the government you could talk about taxation and how if it were left to the government it could be efficiently supplied and payed for though taxation.
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    (Original post by Joe4567)
    Could someone give me a brief paragraph for these two policies on stabilising prices of wheat or in general; subsidies and minimum price?
    sorry for sort of going off topic
    It would be hard to explain without the aid of a diagram. I strongly recommend you watch some of 'paj holdens' videos on YouTube, he has helped me a lot through my revision period, he explains clearly the different aspects of economics for micro and macro. http://m.youtube.com/watch?v=NykcR3RhyR4 - here is a link to his video explaining subsidies. He doesn't currently have a video explaining minimum pricing but that's pretty easy to explain... If you draw a simple demand, supply diagram with an equilibrium price where the two curves cross. If you then draw a line ABOVE THE EQUILIBRIUM PRICE from the price axis along to the demand curve and label it Pmin that would be the minimum price set by government. The ultimate goal of setting a minimum price is to reduce demand that's why it must be set above the equilibrium price. As the price has now been risen less people can afford the good or service this is why when you follow the line you have drawn down from Pmin to where it meets the demand curve to the Quantity of wheat axis, Quantity has reduced from the initial equilibrium quantity which should be labeled Q*. If you then follow the line you have drawn from Pmin to the demand curve along to the supply curve and then down. If you label the point where Pmin crosses D as A and the point it crosses S as B you can then say producers want to supply at point B however the Min price has lead to a reduction in demand thus meaning they can only sell a quantity of up to point A. The gap between A and B resembles the 'excess supply' and you could mention how the min price has lead to an excess supply of wheat.
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    (Original post by beccarose)
    Working by my teachers guide of AQA repeating questions every 4 years-ish... June 2009 was very similar to January 2013 (negative externalities, alcohol consumption/negative externalities, processed food consumption) - don't know what the other two contexts where for either. So, maybe Mondays exam will be similar to January 2010 - Agriculture (case for/against allowing market forces to determine prices) or Rail Travel (case for/against subsidies).
    that makes a lot of sense, when i was looking for patterns in the past questions i also noticed these similarities
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    Reading through I'm hoping something simple that could be shown through a supply and demand diagram for the 25 mark question as I am very weak at the diagrams showing social cost, private cost etc. what do you think the changes of this coming up is? And how would you recommend to revise? Thanks


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