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    (Original post by Mynamesjf21)
    Yes and can we also create an unofficial mark scheme please
    Most of us have other exams to worry about, rather than considering past exams which you can no longer change the outcome of.
    J/S
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    did anyone else start with section B and take 1 hour 15 mins? leaving 15 for the entire section A..... managed to finish but my handwriting got worse lmao
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    (Original post by landellsharry)
    did anyone else start with section B and take 1 hour 15 mins? leaving 15 for the entire section A..... managed to finish but my handwriting got worse lmao
    This is a very bad idea.
    1. For the reason you mentioned
    2. You may start to include information and content in Section B, which has already been asked in section A. You will therefore not receive marks for content which has already been tested previously in the paper.

    My teacher recommended not to do this.
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    My thoughts:
    First q was crap, how can they expect us to explain specialisation with the role of money? All I did was define specialisation.

    4, 5, 6 and 10 markers were alright.

    The price mechanism 15 marker was terrible and poorly worded at the same time. For evaluation could you talk about how it could lead to market failure without gov intervention? And that it doesn't include externalities so may equate supply and demand at the wrong level (not at its socially optimum)?

    The 20 was bad, I did the second one and literally wrote two sides cause I ran out of time. I had all the stuff about defence being a public good and then how both had positive externalities and that they can allow people to relocate to certain areas. I evaluated it with opportunity cost and the short run vs long run argument for housing project (buy now sell later) and that different consumers will react in different ways. I also said how these are important for a fast-growing population especially in major cities.

    Generally the extracts were terrible and the housing market is a horrible topic to talk about, especially in micro. It was not as good as I was expecting for a first exam and has totally discouraged me from the rest. I hope its around 58 for an A and 53 for a B!
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    (Original post by harryleavey)
    Would you care to explain how an extension in demand is a type of government intervention to solve the issue of negative externalities?
    I think I replied thinking about the wrong question. Sorry. But there was a multiple choice question that had the answer "an extension in demand".
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    (Original post by Alevelsarehard1)
    I think I replied thinking about the wrong question. Sorry. But there was a multiple choice question that had the answer "an extension in demand".
    Yeah, sounds familiar
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    [QUOTE=White.Jizz;64848475]Exam was messed! I started talking about juniour doctors 😂😂[/QUOTE at least u talikes about something! I just wanna know if it we all struggled how this affects grade boundaries and whether it makes a difference as this was a a new spec?
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    (Original post by rosemondtan)
    How about a tax on the firm producing the roses?
    You were fine writing about INDIRECT taxes as long as you backed it up correctly, I decided to talk about regulation but if I had the chance to do the paper again I probably would have gone with indirect taxes!
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    (Original post by Alevelsarehard1)
    You were fine writing about INDIRECT taxes as long as you backed it up correctly, I decided to talk about regulation but if I had the chance to do the paper again I probably would have gone with indirect taxes!
    I said a tax was imposed on the firm to increase their costs of production and thus supply decreases so the externality is internalised. Lol so it was kind of a direct tax I guess
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    Alright,

    For those who sat this paper (Question F) the last 20 marker required for you to talk about subsidies and min/max prices (as they were MOST relevant)- you can also discuss subsidy on firms as new houses being built causes shift in supply to the right

    Don't worry if you don't have a conclusion- as long as you had 2 points and 2 evaluations backed up, it will keep you within 15/20

    If there's any other question you need clarifying on, reply ASAP.
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    (Original post by Anonymous146272)
    Guys for the 20 marker I talked about subsidies instead of public goods, I talked about how subsidies will help people with low income consumers and how suppliers will able to increase supply etc and my main evaluation points were time lag, opportunity cost and magnitude. How many marks can I get? I just forgot about public good completely, I am such an idiot
    If you did f you're golden! If you did g, then maybe not...
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    (Original post by xJaayyy)
    In the same boat for the 10 marker, apparently it was an XED question! For the 20, I also talked about subsidies so I think the examiner is just gonna rip the paper up 🙄
    Ah nah, I talked about subsidies too- it was most linked to extracts and suitable in all cases
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    (Original post by FryadSawji)
    Alright,

    For those who sat this paper (Question F) the last 20 marker required for you to talk about subsidies and min/max prices (as they were MOST relevant)- you can also discuss subsidy on firms as new houses being built causes shift in supply to the right

    Don't worry if you don't have a conclusion- as long as you had 2 points and 2 evaluations backed up, it will keep you within 15/20

    If there's any other question you need clarifying on, reply ASAP.
    Were subsidies relevant in the 10 mark question? And would you get any marks for a subsidy diagram
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    (Original post by Mynamesjf21)
    Were subsidies relevant in the 10 mark question? And would you get any marks for a subsidy diagram
    The help to by scheme question?
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    (Original post by FryadSawji)
    The help to by scheme question?
    Yeah
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    (Original post by Mynamesjf21)
    Yeah
    It's to do with XED. If you discussed subsidies, it won't really get you more than 5/10, although playing a minor role due to the fact that both types of housing were substitutes.
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    (Original post by FryadSawji)
    Alright,

    For those who sat this paper (Question F) the last 20 marker required for you to talk about subsidies and min/max prices (as they were MOST relevant)- you can also discuss subsidy on firms as new houses being built causes shift in supply to the right

    Don't worry if you don't have a conclusion- as long as you had 2 points and 2 evaluations backed up, it will keep you within 15/20

    If there's any other question you need clarifying on, reply ASAP.
    I wrote about consumer surplus, price of houses possibly increasing, increased equality, increased productivity of labour (more incentive to work harder and save for the lower mortgage prices) and how it could possibly lead to credit unworthy individuals being able to take out a mortgage as well. But I mentioned specifically in relation to the help to buy scheme (subsidies on the mortgage) how's that?
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    (Original post by rosemondtan)
    I wrote about consumer surplus, price of houses possibly increasing, increased equality, increased productivity of labour (more incentive to work harder and save for the lower mortgage prices) and how it could possibly lead to credit unworthy individuals being able to take out a mortgage as well. But I mentioned specifically in relation to the help to buy scheme (subsidies on the mortgage) how's that?

    That sounds promising. Attempts to that question was relevant and you should be heavily credited for that.

    Although some say the 10 mark was on XED, I don't completely agree as if you had done 2013 paper, almost the same extract was used for the help to buy scheme question, so it didn't refer to XED.
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    (Original post by FryadSawji)
    That sounds promising. Attempts to that question was relevant and you should be heavily credited for that.

    Although some say the 10 mark was on XED, I don't completely agree as if you had done 2013 paper, almost the same extract was used for the help to buy scheme question, so it didn't refer to XED.
    I wrote this for the 20 marker 6(f)! I just felt my points were a little unusual so I was worried plus I didn't mention max/ min prices, I only mentioned subsidies and in the context of the extract :/
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    (Original post by rosemondtan)
    I wrote this for the 20 marker 6(f)! I just felt my points were a little unusual so I was worried plus I didn't mention max/ min prices, I only mentioned subsidies and in the context of the extract :/

    Why are you worried?

    That's fine, you can apply subsidy to that question without any other type of government intervention and still get marks.

    If you don't mind me asking, what grade student are you working at currently?
 
 
 
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