joey4live
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Hey, just wondering how everyone is feeling about the A2 exams and any predictions?
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username1776853
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I am not entirely confident, haven't revised everything thoroughly. Yourself?

Predictions:
Going from the examiner's recent papers, he likes using the data, so maybe a data heavy EC3 (especially after this year's EC1 paper)
EC3, most likely something on Marginal product? Usually an essay on competition/market structures.
EC4 data responses I am really unsure. I don't recall seeing a Balance of Payments essay coming up, so something this year?
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erobyn
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My teacher is pretty certain that the market structure essay will be on monopolistic competition
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joey4live
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(Original post by S01B97)
I am not entirely confident, haven't revised everything thoroughly. Yourself?

Predictions:
Going from the examiner's recent papers, he likes using the data, so maybe a data heavy EC3 (especially after this year's EC1 paper)
EC3, most likely something on Marginal product? Usually an essay on competition/market structures.
EC4 data responses I am really unsure. I don't recall seeing a Balance of Payments essay coming up, so something this year?
Same here, I still need to reinforce my knowledge of macro.

I'm hoping a monopoly essay question comes up in ec3 given that it was oligopoly last year, but I also think a question on privatisation is likely.

I'm not even sure that they can ask a balance of payments question but I might be wrong, I mean how do you think they would phrase it if they to ask a question on the topic?
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username1776853
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Yes very much the case.

Yeah, monopoly hasn't been up for a while, and with a consistent record of market structures, it could very well come up. Although no monopolistic competition... so who knows. Market failure is pretty consistent too, so privatisation/mergers etc. are pretty irrelevant unless they're preferable to you.

Yeah, I suppose they wouldn't ask directly on Balance of Payments. Maybe through the form of 'reducing the trade deficit' or something along those lines, although I'm sticking to the Growth/Inflation/Unemployment essays. Unless something familiar comes up with development.

Any thoughts on the data response?
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HG_07
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I think that one of the data responses could be on development or privitasation :/
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username1776853
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Both are relatively nice topics for a data response.

I imagine a privatisation data response would overlap with maybe market failures (monopoly power) and efficiency?
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HG_07
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How is everyone feeling for this exam?


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username1776853
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Not confident. Have English the same day so it's difficult to weight preparation appropriately. Yourself?
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HG_07
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(Original post by S01B97)
Not confident. Have English the same day so it's difficult to weight preparation appropriately. Yourself?
Yeah I'm fine on the micro side. It's just the macro side that I have ignored. And yeah I'm not prioritising economics haha! But I've the papers and they actually aren't toooo bad!


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udededygdgyde
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oh my word how much macro is there in this exam, iv only done micro??!!! please someone reply ? is it all of Macro?
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udededygdgyde
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can you please list the topics needed im gonna have to revise before my exam, but if knowledge of all macro is needed then fml
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HG_07
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(Original post by udededygdgyde)
oh my word how much macro is there in this exam, iv only done micro??!!! please someone reply ? is it all of Macro?
Some questions are also macro in this exam. But the essay question will be micro


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HG_07
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(Original post by udededygdgyde)
can you please list the topics needed im gonna have to revise before my exam, but if knowledge of all macro is needed then fml
So roughly u need to look at:
Monopoly/perfect comp/oligopoly/monopolistic comp
Diseconomies/economies of scale
Diminishing returns
General market/govt failure
Development
Eco growth
Terms of trade
GDP/GNP and other indicators
Inflation - classical/monetarist views
Protectionism
Comparative advantage
Unemployment



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OlzClark1997
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What essays you guys hoping to come up? Either theory of the firm or mergers would be perfect for me
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HG_07
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(Original post by OlzClark1997)
What essays you guys hoping to come up? Either theory of the firm or mergers would be perfect for me
Either way I'm only going to pick the market structure one. Like comparing oligopoly to other markets!


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HG_07
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Is it just me or do some parts of the spec (more Macro) remind you of GCSE geography knowledge!!


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OlzClark1997
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(Original post by HG_07)
Is it just me or do some parts of the spec (more Macro) remind you of GCSE geography knowledge!!

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YES!- I was thinking that a few days ago. It must be from evaluating the social, economic and environmental effects.
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HG_07
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(Original post by OlzClark1997)
YES!- I was thinking that a few days ago. It must be from evaluating the social, economic and environmental effects.
Haha yeah I'm relying on some of that knowledge to make a reappearance in the exam today


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HG_07
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Good luck to everyone sitting it


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