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AQA A-level Economics new 7136 - 06, 13 & 19 Jun 2017 [Exam Discussion] Watch

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    I'm gonna flood the chat with macro questions so we can all forget lmao
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    (Original post by studentwfc)
    Same, what did you write for the 9 marker and 25 marker marker for section A?
    I said that MRP affects wages because more qualifications means higher MRP etc but felt like I went on a bit. The 25 marker was better I talked about pro market so why incentives are good etc then said what the gov can do to help but why it can fail. What did you talk about in the 25 marker for Essay 3?? I wasnt really sure what they were tryna get at.
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    (Original post by Danllo)
    I done context 1 (Privitisation) and Essay 2 on Price discrimination

    What was context 2 on ? The 25 marker ?
    It was about marginal revenue product then went on to talk about whether the gov should intervene to reduce wage differentials and stuff. I stayed wayyy clear of the price discrim essay lol
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    (Original post by sim869)
    the grade boundries for the previous 2 years have actually been around 62-63 marks for an A. I don't think it was a bad paper but hopefully the boundaries are lower.
    Yes except that was for the old spec (AS not A2)
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    I did exactly the same as you, and also think it was okay, but not as good as i would have liked. What points did you make for your two essays?

    (Original post by sim869)
    i think i completely messed up the structure on my essays. I did the context 1, and then did essay 2 about policies for poverty. Did anyone else think the 25
    marker was worded really weirdly. I was something like can the problem of poverty be solved through market forces? Overall it was okay just not as well as i would've liked :/
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    (Original post by Adam Fuller)
    I did the same as you for both parts of the exam, what did you write about for the poverty essay?
    i feel like my structure for the poverty essay was quite bad. I talked about govt int. first as thats what would ahppen if the market failed. My 2 point were minimum wages and taxes/benefits. my paragraph FOR market forces was very small, i only wrote that there were not be incentives to lift yourself out of poverty, and how some free market economists belive that economic growth is needed to alleviate poverty (need poverty initially tho). Idk really i dont think it was well written, maybe just scarpping a B/C. normally i get A/B so :/
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    (Original post by NotKidding)
    Think the point was that firms employ workers to work 5 days a week whilst Royal Mail is forced to work 6 days a week. Therefore labour costs rise (as people don't want to work on weekends). Increasing output can lead to economies of scale/decreasing AC. I also mentioned that if no other firm in the market offered this service they would be a monopoly and could raise prices (S.N profit).

    Not completely sure my answer was fully correct though

    Yes I think you are correct, that is what I wrote initially that because they work 6 days instead of 5, their labor costs will rise, thus variable costs will rise, so ATC will shift up, and this will casue a higher cost and smaller abnormal profit.
    But than I was not sure whether other UK firms work 5 or 7 days and from tone of context reassumed it was 7, so this gave me the fact that their costs will fall as they work 6 instead of 7, and as follows...
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    Anyone do Section b?
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    A* 90% over two papers or all 3??
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    Can someone help me figure out if what I put is correct. For the 4 mark question on Dynamic efficiency context A, case study 1, I said how employees has fallen over the period shown in the figure, but revenue has risen indicating there has been improvements or investments in technological advancements or productivity showing dynamic efficiency has taken place? Is this completely wrong or on the right lines?
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    aqa paper 1 eco - how did people find that?????

    i found the paper to be really good, almost too good that i wrote more for section B leaving me only 30 minutes to do section C and A (i did it in a different order bc stupid me thought it'd be more time efficient lmao) and I'm really ****ing mad about it urgh i like wrote jackshit for section C and whizzed through A

    also what were the two government restrictions on monopsony power??????
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    The reason why I don't like privatisation is that points are harder to develop in my opinion so I felt my essay wasn't as critical andwell evaluated
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    (Original post by sim869)
    Honestly, you might lose a few marks. All you had to do was add the percentage of the top 3 firms: Royal Mail, DPD and i cant remember the other one. BUT, because your percentage is kinda equivalient you might get something at least :/
    See it's a difficult one, I don't know whether I'll get one mark for writing 0.535 and then putting it to one dp or losing both marks for not having a percentage 😂
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    For the 9 mk in context 1, would I be wrong in stating that they will want to produce at the point where MC=MR, but due to the regulations that they must deliver 6 days a week; I showed on the diagram the Quantity produced at the point where AC is greater than AR, so they are being inefficient due to the lack of demand but they have high average costs etc etc??
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    Yea i did similar things to you, i spoke about incentives/trickle down for my market forces bit, then did education for a second point and benefits. In retrospect i think i should have done a minimum wage point, but yeah i don't know how i did grade wise really, but it defo wasn't my best.
    (Original post by sim869)
    i feel like my structure for the poverty essay was quite bad. I talked about govt int. first as thats what would ahppen if the market failed. My 2 point were minimum wages and taxes/benefits. my paragraph FOR market forces was very small, i only wrote that there were not be incentives to lift yourself out of poverty, and how some free market economists belive that economic growth is needed to alleviate poverty (need poverty initially tho). Idk really i dont think it was well written, maybe just scarpping a B/C. normally i get A/B so :/
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    Anyone do the question about monopolistic Esaay 1?
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    My answer was the same - number of employees has decreased yet revenue per employee has increased thus suggesting there has been an increase in capital intensive machinery to boost productivity leading to higher revenue
    (Original post by Gemmamcconville)
    Can someone help me figure out if what I put is correct. For the 4 mark question on Dynamic efficiency context A, case study 1, I said how employees has fallen over the period shown in the figure, but revenue has risen indicating there has been improvements or investments in technological advancements or productivity showing dynamic efficiency has taken place? Is this completely wrong or on the right lines?
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    Grade boundary predictions?
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    (Original post by bkjsbcs)
    Anyone do the question about monopolistic Esaay 1?
    yep
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    what diagram did people draw for 25 mark on privatisation???
 
 
 
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