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2016 Edexcel Economics A: Paper 1 Intro To Markets And Market Failure (May 16th) watch

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    I wish you all well this morning.

    I'm hoping for some nice questions as I really don't know the stuff.
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    Anyone else feel that that the 15 marker was pretty bad....
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    (Original post by Thattoryboy)
    Anyone else feel that that the 15 marker was pretty bad....
    10 marker , 15 marker , 20 marker , even the 1 marker . Never felt so defeated after an exam
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    What did you guys write for the 20 marker and which part did you choose?
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    (Original post by rosemondtan)
    What did you guys write for the 20 marker and which part did you choose?
    I chose the second one and i wrote that the defences were public goods? And i tried to evaluate the time and the cost
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    I found the 4 mark calculation hard aswell
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    yh i talked about defence being a public good... did u draw the possitive externalities diagram with that? such as the houses protected etc.
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    The 15 mark question threw me off
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    yh i didnt do too well in the 15 and 20
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    What did people get for 4 marker calculation in section B?


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    I did the first one and talked about influences on the housing market such as a rise in revenue and evaluated with ideas about opportunity cost and negative externalities. Then evaluated this with revenue rising, assuming all other things being equal could lead to reinvestment for more productively efficient capital. Etc
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    For the percentage change calculation, I got 23.333%.
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    (Original post by Willnewman234)
    What did people get for 4 marker calculation in section B?


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    Something like 23.3%?
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    I did the first one and talked about consumer surplus, possible price increase, credit worthiness, equality, productivity, then I mentioned how the government could fail
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    I think I also wrote about the regressive impacts on the renting market but I don't know if it was relevant :/
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    Anybody else think the section A was harder than expected. Wasn't expecting them to ask about the functions of money
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    Wanted to drown myself in Lake Naivasha after that exam
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    (Original post by BadundeBrian)
    Something like 23.3%?
    I got 25% however that's probably due to rounding


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    For 6(f) I wrote about how government intervention in the housing market could increase prices, increase consumer surplus, increase equality, increase productivity of workers as they are more motivated to work harder to save for a mortgage, decrease foreign buying, and mentioned how the government could fail because of administrative costs, opportunity cost, the sustainability of providing subsidies, and another point I don't remember.
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    (Original post by _cryinglightning)
    I got 25% however that's probably due to rounding


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    Same
 
 
 
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