AQA Economics Unit 3 (ECON3) 3rd June 2014

Original post by Law-Hopeful

My first is actually this exam (on the 3rd June, obviously :tongue:

). Although I'm not resitting any exams from AS I still have 10 exams! :bricks:

That's mad - 10 A2 exams! Are you more focused on the other subjects than aside from Economics due to last years results?

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Reply 41

Original post by ECBU14

That's mad - 10 A2 exams! Are you more focused on the other subjects than aside from Economics due to last years results?

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Yep, very much so.

My main focus this year has been split between Maths/Further Maths as they're most likely to get me an A*, then Politics because I didn't revise much for it last year (read: I started revision less than a week before the exam) and then finally Economics. Not sure if that's a great idea but we'll just have to wait and see how it goes I guess!

Anyway, I'll leave you to get on with your last minute ECON2 revision. :smile:

Reply 42

Original post by Law-Hopeful

Yep, very much so.

My main focus this year has been split between Maths/Further Maths as they're most likely to get me an A*, then Politics because I didn't revise much for it last year (read: I started revision less than a week before the exam) and then finally Economics. Not sure if that's a great idea but we'll just have to wait and see how it goes I guess!

Anyway, I'll leave you to get on with your last minute ECON2 revision. :smile:

That sounds fair enough. You do have to prioritise when you have that many exams I guess. I'm sure you'll get very well anyway, you sound exactly what you need to do! Best of luck gaining that A*!

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Reply 43

Economicsa2

Any predictions for the 25 markers??

Reply 44

Economicsa2

And is this a good plan to go by re structuring 25 marker:

definition + depth
diagram + explanation
evaluation point 1
evaluation point 2
evaluation point 3
conclusion

need to to get an A to g by uni offer aghhhhuhsjchudfbudh :frown:

Reply 45

Original post by Economicsa2

And is this a good plan to go by re structuring 25 marker:

definition + depth
diagram + explanation
evaluation point 1
evaluation point 2
evaluation point 3
conclusion

need to to get an A to g by uni offer aghhhhuhsjchudfbudh :frown:

I think it's hard to say what the structure should be, instead focus on answering the question. What do you think Law-Hopeful?

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Reply 46

Original post by ECBU14

That sounds fair enough. You do have to prioritise when you have that many exams I guess. I'm sure you'll get very well anyway, you sound exactly what you need to do! Best of luck gaining that A*!

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Hey, how did the retake go? :smile:

Original post by ECBU14

I think it's hard to say what the structure should be, instead focus on answering the question. What do you think Law-Hopeful?

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I agree. I think his structure is too rigid and I'm not sure I'd use that structure myself.

Reply 47

Original post by Law-Hopeful

Hey, how did the retake go? :smile:

I agree. I think his structure is too rigid and I'm not sure I'd use that structure myself.

Hey! Not too badly actually, I personally thought the multiple choice was a bit more challenging than other years so I hope stupid mistakes don't cost me there and also, I did run slightly out on time on the 25 marker so I hope my development was enough to secure me a good enough grade, very fair paper though.

And yeah, I'm not really big into using a 'set' structure because I feel every questions different as you need to adapt it to answer the question the most effectively.
How's your revision going?

Reply 48

cathrg26

16

Original post by Law-Hopeful

Yeah that does sound pretty cool! :tongue:

I want to be a Solicitor, probably Corporate/Commercial Law :smile:

Yep

C3 is literally just functions... Some integration but mostly functions. I do DE as a separate module in Further Maths so that helps quite a lot with the DE questions in C4 hence why I'm hoping that comes up in C4!

Aha that's awesome. Jailing fraudulent bankers must be quite fun. What's DE? Is that like Decision Maths (D1)?

Reply 49

Original post by ECBU14

Hey! Not too badly actually, I personally thought the multiple choice was a bit more challenging than other years so I hope stupid mistakes don't cost me there and also, I did run slightly out on time on the 25 marker so I hope my development was enough to secure me a good enough grade, very fair paper though.

And yeah, I'm not really big into using a 'set' structure because I feel every questions different as you need to adapt it to answer the question the most effectively.
How's your revision going?

I'm sure you did well, well done :smile:

Yeah I agree, I'm not sure about only mentioning one point either... I'd rather do two/three main points and evaluate those at the end or at the end of each paragraph.

Original post by cathrg26

Aha that's awesome. Jailing fraudulent bankers must be quite fun. What's DE? Is that like Decision Maths (D1)?

Haha let's hope our paths don't cross :wink:

Differential Equations, like the ones in C4 but extra methods to solve them basically! :smile:

Reply 50

How do you reckon you'd go about answering this question?:

Explain the main principles that would be involved in a cost-benefit analysis (CBA).
(15 marks)

Reply 51

Original post by ECBU14

How do you reckon you'd go about answering this question?:

Explain the main principles that would be involved in a cost-benefit analysis (CBA).
(15 marks)

I'd introduce CBA and why it's often used and it's goal (help make decisions), then I'd go through each stage of the CBA (i.e. identify costs/benefits, shadow pricing etc etc) then go through some of the problems involved i.e. with the discount rate and some things don't have a market value etc.

I don't have time to go in depth but that's the basic outline I'd use. :smile:

(edited 9 years ago)

Reply 52

cathrg26

16

Original post by Law-Hopeful

Haha let's hope our paths don't cross :wink:

Differential Equations, like the ones in C4 but extra methods to solve them basically! :smile:

haha I'm not planning on becoming a banker, but let's hope not. :tongue:

Ohh, lol there's only so much maths I can take. 6 units last year was enough for a life time

Reply 53

Original post by Law-Hopeful

I'd introduce CBA and why it's often used and it's goal (help make decisions), then I'd go through each stage of the CBA (i.e. identify costs/benefits, shadow pricing etc etc) then go through some of the problems involved i.e. with the discount rate and some things don't have a market value etc.

I don't have time to go in depth but that's the basic outline I'd use. :smile:

Sounds very good - could you just explain what shadow pricing is? Can't seem to recall that! Thanks

Reply 54

wrestlingfan55

OP

Any tips on how to revise for this exam. Silly question, but this is the one exam I can't seem to wrap my head around!

Reply 55

Original post by wrestlingfan55

Any tips on how to revise for this exam. Silly question, but this is the one exam I can't seem to wrap my head around!

Possibly get the scheme of work, tick off what you know. Look over notes at what you don't know, go over it. Learn the diagrams, then past papers from then on. That's what I would suggest

Reply 56

Economics456

When looking at the data response questions, how do you work out the index number for a 'forecast' year ?

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Reply 57

Economics456

Original post by wrestlingfan55

Any tips on how to revise for this exam. Silly question, but this is the one exam I can't seem to wrap my head around!

I would go through all past papers, complete all 5 markers then all 10 markers and so on. Then 3 days or so before the exam start doing full past papers under timed conditions so that by the time you come to sit the exam you won't feel that initial panic from time pressure. Hope that helps :smile:

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Reply 58