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

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    (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
    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.
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    (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
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    Does anyone have tips on how to include current context in a micro paper
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    (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.
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    (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.
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    anyone know how to evaluate on the 25 marker ??
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    (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
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    (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.
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    (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
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    What would the structure of a 15 marker consist of?
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    (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
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    Is consumer surplus and producer surplus the same as excess demand and excess supply?
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    (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
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    Structure for 25 marker pleasee
    Is it 2 defs or 1 and whats the basic structure
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    (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
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    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!!!
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    (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

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    (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

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    What was the context 2, 10 marker on?
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    (Original post by SANTR)
    What was the context 2, 10 marker on?
    It was about how indirect taxation impacts the consumption of cigarettes I think?

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    (Original post by zwatkins66)
    It was about how indirect taxation impacts the consumption of cigarettes I think?

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    Ah I see. Do you remember any of your answers to the MPCs?
 
 
 
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