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The operation of markets and market failure - 16 May 2016 [Exam discussion] watch

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    This thread is for the AQA economics paper "The operation of markets and market failure".

    Below I have linked past papers from the old spec and specimen papers for the new spec, which should all be very useful when revising and getting to grips with exam technique.

    Specimen papers: http://www.aqa.org.uk/subjects/econo...ment-resources

    Old past papers: http://www.aqa.org.uk/subjects/econo...d-mark-schemes

    Hopefully this thread will be found useful for discussing this particular unit and the exam.
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    Sorry you've not had any responses about this.

    Why not try posting in a specific subject forum- you might have more luck there.

    Here's a link to our subject forum which should help get you more responses.

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    Currently, I am averaging around 20/25 on the multiple choice papers although I took the specimen one today and scraped a B as it was worded differently although I made silly mistakes. Currently learning about merit goods etc. I am taking the AS exam in May and hoping for an A
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    (Original post by Bigpaddy27)
    Currently, I am averaging around 20/25 on the multiple choice papers although I took the specimen one today and scraped a B as it was worded differently although I made silly mistakes. Currently learning about merit goods etc. I am taking the AS exam in May and hoping for an A
    I'm averaging about the same on Multiple choice, 20/25 is usually fairly straight forward if you've revised thoroughly. How are you doing with the 25 mark essay questions? I'm currently averaging about 17, which I need to get up to 20 ideally :/
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    (Original post by RG110dude)
    I'm averaging about the same on Multiple choice, 20/25 is usually fairly straight forward if you've revised thoroughly. How are you doing with the 25 mark essay questions? I'm currently averaging about 17, which I need to get up to 20 ideally :/
    Interesting I only got 16/25 on a micro essay on healthcare which I was gutted about but I could see where I went wrong- too vague and then after that j did a macro essay on investment spending and got 22/25.
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    (Original post by Bigpaddy27)
    Interesting I only got 16/25 on a micro essay on healthcare which I was gutted about but I could see where I went wrong- too vague and then after that j did a macro essay on investment spending and got 22/25.
    The exam technique irritates me tbh. I almost always get all of the marks for diagrams, knowledge and analysis, but then I always drop marks on really stupid things like not relating or referring to case studies and my judgements seem really weak at the moment. I think it's just doing essays until you get the hang of it, and then it's fine. My teacher said the other day that if you know how to write a "government intervention" essay for micro and an "effects of X on the UK economy" essay for macro, you should be fine at AS.
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    (Original post by RG110dude)
    This thread is for the AQA economics paper "The operation of markets and market failure".

    Below I have linked past papers from the old spec and specimen papers for the new spec, which should all be very useful when revising and getting to grips with exam technique.

    Specimen papers: http://www.aqa.org.uk/subjects/econo...ment-resources

    Old past papers: http://www.aqa.org.uk/subjects/econo...d-mark-schemes

    Hopefully this thread will be found useful for discussing this particular unit and the exam.


    (Original post by Bigpaddy27)
    Interesting I only got 16/25 on a micro essay on healthcare which I was gutted about but I could see where I went wrong- too vague and then after that j did a macro essay on investment spending and got 22/25.
    I found this, do I found this very useful for this unit. I hope they release one for unit 2.
    http://technocratnotes.com/wp-conten...s-Paper-1-.pdf

    It came from this site:http://technocratnotes.com/
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    (Original post by theuglyfish)
    I found this, do I found this very useful for this unit. I hope they release one for unit 2.
    http://technocratnotes.com/wp-conten...s-Paper-1-.pdf

    It came from this site:http://technocratnotes.com/
    Hey this looks fabulous! How should I utilise it to make notes from it or would you advise printing it off and highlighting? I struggle revising the content on economics I vaguely know everything now but I lack a good revision strategy, do you have any you may be able to suggest ? Thank you...
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    (Original post by Bigpaddy27)
    Hey this looks fabulous! How should I utilise it to make notes from it or would you advise printing it off and highlighting? I struggle revising the content on economics I vaguely know everything now but I lack a good revision strategy, do you have any you may be able to suggest ? Thank you...
    yeah definitely print off then follow the instructions in the book.I recommend http://www.amazon.co.uk/AQA-Economic...s+as+level+aqa
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    (Original post by Bigpaddy27)
    Hey this looks fabulous! How should I utilise it to make notes from it or would you advise printing it off and highlighting? I struggle revising the content on economics I vaguely know everything now but I lack a good revision strategy, do you have any you may be able to suggest ? Thank you...
    how did you find the technocrat notes and the revision guide from amazon? Did you follow the instructions on technocrat notes?
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    (Original post by theuglyfish)
    how did you find the technocrat notes and the revision guide from amazon? Did you follow the instructions on technocrat notes?
    It is really helpful, though I wish they had done notes for paper 2. Currently I am doing well with essays and content but really messing up on multiple choice for example yesterday I had 19/25 and then today I did another one and got 12/25, I have been making flash cards from my mistakes though I haven't learnt the cards yet but it is really disheartening.
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    (Original post by RG110dude)
    This thread is for the AQA economics paper "The operation of markets and market failure".

    Below I have linked past papers from the old spec and specimen papers for the new spec, which should all be very useful when revising and getting to grips with exam technique.

    Specimen papers: http://www.aqa.org.uk/subjects/econo...ment-resources

    Old past papers: http://www.aqa.org.uk/subjects/econo...d-mark-schemes

    Hopefully this thread will be found useful for discussing this particular unit and the exam.
    good revision website www.technocratnotes.com

    and good revision apphttps://play.google.com/store/apps/d...s.app&hl=en_GB

    can you add this to your originalpost please so that any new ppl to the thread see this. thanks
    good revision website www.technocratnotes.com

    and good revision apphttps://play.google.com/store/apps/d...s.app&hl=en_GB

    can you add this to your originalpost please so that any new ppl to the thread see this. thanks
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    How many words should I be writing within 40 minutes for a 25 mark essay during the AS economics exam?? On the computer with no time limit i tend to do 1100...
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    (Original post by Bigpaddy27)
    How many words should I be writing within 40 minutes for a 25 mark essay during the AS economics exam?? On the computer with no time limit i tend to do 1100...
    It's more to do with the quality of what your write, rather than 'how many words'. With the 25 marker you want a few paragraphs:

    1)Introduction:
    - Definition of a key word from the question.
    - Name a few points you're going to make in the next few paragraphs.

    2)Para 1:
    - Make your first point
    - Use a relevant diagram, and discuss it (e.g. "As figure 1 shows, a fall in
    price..."
    - You need chains in the links of reasoning i.e. "this this and this, may/could
    lead to this" - remember that nothing is definite, so this is why we use could.

    3)Para 2:
    -Make your 2nd point, and follow the same structure as para.1

    4)Para 3:
    -Make your final point and follow the same structure as para.1&2

    5) Conclusion
    - Refer back to the question and summarise your points

    Note:
    You don't need 3 diagrams, that would be overkill
    Use quotes and data from the provided extract mentioned in the question
    Include 'real-life' or current time examples
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    Really hope i do well in the exam my results on the multiple choice fluctuate so much. 22/25 in macro multiple choice for 2014 and then 15/25 for macro in 2015 really p****g me off
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    (Original post by Bigpaddy27)
    Really hope i do well in the exam my results on the multiple choice fluctuate so much. 22/25 in macro multiple choice for 2014 and then 15/25 for macro in 2015 really p****g me off
    How do you go about answering them? Do you tend to just fly through and put what you think, or do you really think about them and cross out which ones you figure out it can't be.

    Personally, I tend to go through them and point out the key words. e.g. if it mentions a surplus on the balance of payments, I think about what this means, and how it can be changed. You want to try and cross out which of the 4 choices it can't be; this will allow you to focus on the answer rather than being overwhelmed by the other 'irrelevant' answers.

    Also, once you have completed the questions, go over them with the mark scheme and the question side by side. If you've gotten it right, tick it. Got it wrong? put a cross and distinguish next to your answer what the topic is and try again. If you had no idea, circle it and then revise the topic.

    I hope that helps
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    (Original post by AindowJ)
    How do you go about answering them? Do you tend to just fly through and put what you think, or do you really think about them and cross out which ones you figure out it can't be.

    Personally, I tend to go through them and point out the key words. e.g. if it mentions a surplus on the balance of payments, I think about what this means, and how it can be changed. You want to try and cross out which of the 4 choices it can't be; this will allow you to focus on the answer rather than being overwhelmed by the other 'irrelevant' answers.

    Also, once you have completed the questions, go over them with the mark scheme and the question side by side. If you've gotten it right, tick it. Got it wrong? put a cross and distinguish next to your answer what the topic is and try again. If you had no idea, circle it and then revise the topic.

    I hope that helps
    Thank you very much for your advice. Normally I do go through them rather quickly and then I don't check through the answers as I am eager for the score though I do make flash cards on all of my wrong answers. My exam is in 2 weeks so I am going to be much slower now and more logical. Not checking through my answers is very stupid ha!
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    Anybody know any/know where to get essay question titles to practice? Not liking being the first year for new spec, there's no realistic past papers! Thanks
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    (Original post by ktsrahan)
    Anybody know any/know where to get essay question titles to practice? Not liking being the first year for new spec, there's no realistic past papers! Thanks
    There is a specification paper on the AQA site which seems very accurate and the essay questions asked on the specification paper are more or less identical to the questions from the old spec past papers, though there seems to be a greater emphasis on market failures.
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    Does anyone have the specimen 2 papers??
 
 
 
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