AS Official Economics A Unit 1: Introduction to markets and market failure - 16th May

what comparisons shall I make for the 4 marker?? is it the two highest of both variables or is it the highest and lowest for one and the highest and lowest for the other

Read the question carefully but it is often OK to compare the highest points in the two variables, the lowest points or the overall trend of the two variables in the data.

Reply 21

Azim101

13

Original post by mapotts53

Read the question carefully but it is often OK to compare the highest points in the two variables, the lowest points or the overall trend of the two variables in the data.

thanks for the response! So can i have as comparison 1;
first and end of data X, first and end of data Y.

2:
highest of X, highest of Y

because my peers have been saying its the highest and lowest of 1 and the highest and lowest of the other which is really confusing me

Reply 22

khushboo890

Does anyone have tips on how to include current context in a micro paper

Reply 23

mapotts53

3

Original post by Azim101

thanks for the response! So can i have as comparison 1;
first and end of data X, first and end of data Y.

2:
highest of X, highest of Y

because my peers have been saying its the highest and lowest of 1 and the highest and lowest of the other which is really confusing me

Yes you can but make sure you are comparing so use words like whereas in your answer, eg the data for X shows a decreasing trend from 10% in 2010 to 4% in 2014 whereas the data for Y shows an increasing trend from 2% in 2010 to 6% in 2014.
Highest point of X and highest point of Y is fine with the data included.

Reply 24

mapotts53

3

Original post by khushboo890

Does anyone have tips on how to include current context in a micro paper

Make use of the data that you are given. Quote from the extracts as evidence to support your analysis and evaluation.

Reply 25

sweetsss

3

anyone know how to evaluate on the 25 marker ??

Reply 26

mapotts53

3

Original post by sweetsss

anyone know how to evaluate on the 25 marker ??

Have a look at the Guide to Evaluation at the bottom of this page on my website:
http://aleveleconomicssuccess.com/old-specification

Reply 27

sakshres

5

Original post by sweetsss

anyone know how to evaluate on the 25 marker ??

I thought there were no 25 markers anymore. Please do correct me if I'm mistaken.

Reply 28

keynes24

10

Original post by Azim101

what comparisons shall I make for the 4 marker?? is it the two highest of both variables or is it the highest and lowest for one and the highest and lowest for the other

Highest with highest

Reply 29

sakshres

5

What would the structure of a 15 marker consist of?

Reply 30

Azim101

13

Original post by sakshres

What would the structure of a 15 marker consist of?

For AQA there are no 15 markers bro, but if your talking about the 10 markers I can help you out

Reply 31

username2571271

18

Is consumer surplus and producer surplus the same as excess demand and excess supply?

Reply 32

sakshres

5

Original post by Azim101

For AQA there are no 15 markers bro, but if your talking about the 10 markers I can help you out

Sorry must have read it wrong. I didnt know this was for AQA. Im doing edexcel.

Original post by IKEAPanda37

Is consumer surplus and producer surplus the same as excess demand and excess supply?

Excess demand and supply is to do with price determination so no i dont think they are the same

(edited 7 years ago)

Reply 33

Azim101

13

Structure for 25 marker pleasee
Is it 2 defs or 1 and whats the basic structure

Reply 34

keynes24

10

Original post by Azim101

Structure for 25 marker pleasee
Is it 2 defs or 1 and whats the basic structure

A bit too late but anyway. There is no number of minimum definitions you need to add. You need to take a holistic approach to it since it is based by levels not individual marks

Reply 35

Starmock99

15

SO how did it go? I thought it was a good exam.. mcq were a bit dodgy but other than that it was alright.

For the 25 marker I wrote about--- Point 1: For regulation. Against Regulation
Point 2:For tax, Against Tax
Point 3: For free market. Against free market
Conclusion; Tax is the best way.
Btw I picked context 2!!!

Reply 36

zwatkins66

1

Original post by Starmock99

SO how did it go? I thought it was a good exam.. mcq were a bit dodgy but other than that it was alright.

For the 25 marker I wrote about--- Point 1: For regulation. Against Regulation
Point 2:For tax, Against Tax
Point 3: For free market. Against free market
Conclusion; Tax is the best way.
Btw I picked context 2!!!

1 - regulation, why, why not
2 - tax (indirect, income) why, why not
3- price controls setting a min price above equilibrium, why, why not
Conclusion - tax is the best way

Posted from TSR Mobile

Reply 37

SANTR

8

Original post by zwatkins66

1 - regulation, why, why not
2 - tax (indirect, income) why, why not
3- price controls setting a min price above equilibrium, why, why not
Conclusion - tax is the best way

Posted from TSR Mobile

What was the context 2, 10 marker on?