Hey there! Sign in to join this conversationNew here? Join for free

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

    Offline

    1
    ReputationRep:
    For the 9 mark on context 2, I shifted LRAS right instead of SRAS. Will I still get max marks for explaining it well?
    Offline

    5
    ReputationRep:
    (Original post by gcsestud)
    What answers did you include ??
    Maths q- 7.23 % something along them lines

    Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

    Then did how AD would increase as exports more price competitive leading to further economic growth.

    Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

    25 marker-
    defined the terms

    1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

    evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

    2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

    Diagram- increase supply labour and fall in voluntary unemployment

    strong- something from source
    weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment


    conclusion- supply side policies may be most effective and compared args etc.


    I missed out a bit but i feel like that is awful haha
    Offline

    9
    ReputationRep:
    guys can comeone please tell me if inflationa and ex rate is okay for the 2nd 15 marekr
    Offline

    9
    ReputationRep:
    what did you uys say for the 2nd 15 marekr? is talking about depreciation in th exchange rate and inflation rate okay?
    Offline

    11
    ReputationRep:
    (Original post by callumjmoores)
    On the 25 marker on monetary policy in UK and Japan I only briefly spoke about a supply side alternative and didn't mention fiscal policy, how much will i get penalised?
    You can't really get penalized for not mentioning something that isn't explicitly stated in the question as they don't expect you to write up every single point in the mark scheme. However, the question did ask whether monetary policy was the most effective policy, so it probably would have been useful to compare it to another policy which could include fiscal and supply side policy.
    Offline

    1
    ReputationRep:
    (Original post by amukaty)
    what did you uys say for the 2nd 15 marekr? is talking about depreciation in th exchange rate and inflation rate okay?
    I said increase in exchange rate, higher inflation than other countries and lower quality of products.
    Offline

    1
    ReputationRep:
    are we limited to 16 marks if we dont include 3 points/policies per 25 mark essay? please someone?
    Offline

    10
    ReputationRep:
    (Original post by CameroSJ)
    For the 9 mark on context 2, I shifted LRAS right instead of SRAS. Will I still get max marks for explaining it well?
    No diagram is "wrong" in economics, you just need an explanation that makes sense. If you used LRAS and your explanation makes sense then it's fine, since it wasn't specified they wanted the SRAS curve (although it was clear to me that that was the one they wanted to see).
    Offline

    5
    ReputationRep:
    (Original post by PFD)
    I said increase in exchange rate, higher inflation than other countries and lower quality of products.
    Comparative advantage from free trade meaning you may export more than another good such as UK with a comp advantage in financial services.

    Protectionism in the form of tariffs from other countries may affect the pattern of trade

    and the quality and price of goods
    Offline

    5
    ReputationRep:
    (Original post by brownboy123)
    are we limited to 16 marks if we dont include 3 points/policies per 25 mark essay? please someone?
    well I hope not considering I have done the format- intro 1 point eval 2 point eval conclusion for the last 2 years
    Offline

    1
    ReputationRep:
    (Original post by junky27)
    Comparative advantage from free trade meaning you may export more than another good such as UK with a comp advantage in financial services.

    Protectionism in the form of tariffs from other countries may affect the pattern of trade

    and the quality and price of goods
    Sounds good, more complex than my points hahaha
    Offline

    11
    ReputationRep:
    (Original post by junky27)
    Maths q- 7.23 % something along them lines

    Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

    Then did how AD would increase as exports more price competitive leading to further economic growth.

    Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

    25 marker-
    defined the terms

    1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

    evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

    2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

    Diagram- increase supply labour and fall in voluntary unemployment

    strong- something from source
    weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment


    conclusion- supply side policies may be most effective and compared args etc.


    I missed out a bit but i feel like that is awful haha
    Holy heeeeeelllll I did not write any of that omg
    I talked about micro finance as a market policy
    Said the affect it would have on quality of life
    Reduce poverty increase access to education increase lr growth blah blah
    But evaluated badly

    Said that protecionism was needed to prevent power of mncs and that goverments had to intervene said something similar but forgot the retaliation point. Talked about goverment failure like it was a micro exam :/

    Talked about privatisation mentioned similar points

    Lol I flopped
    Offline

    5
    ReputationRep:
    (Original post by physicsamor)
    Just someone give me comfort that micro finance Is a market based policies because I based my entire essay on that also talked about privatisation and then protecionism as argueing for intervention by governments
    So much crap
    I didn't even used a tariff diagram because my essay was getting way too long
    I missed out a bit but from what I remember this is what I did: it feels awful to me

    Maths q- 7.23 % something along them lines


    Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

    Then did how AD would increase as exports more price competitive leading to further economic growth.

    Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

    (2 diagrams shifting AS and shift AD)

    25 marker- defined the terms

    1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

    evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

    2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

    Diagram- increase supply labour and fall in voluntary unemployment strong- something from source weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment

    conclusion- supply side policies may be most effective and compared args etc and shifting LRAS right .
    Offline

    1
    ReputationRep:
    (Original post by junky27)
    well I hope not considering I have done the format- intro 1 point eval 2 point eval conclusion for the last 2 years
    me too but I read this in an exemplar document.

    'The way in which these factors influence growth is explained and the analysis is generally sound. More than 3 policy measures (required for Level 4) are explained but there isn’t any attempt to evaluate the individual measures.'

    from here page 20 http://filestore.aqa.org.uk/subjects...-CEXWECON4.PDF
    Offline

    10
    ReputationRep:
    (Original post by NotKidding)
    No diagram is "wrong" in economics, you just need an explanation that makes sense. If you used LRAS and your explanation makes sense then it's fine, since it wasn't specified they wanted the SRAS curve (although it was clear to me that that was the one they wanted to see).
    LRAS is fine since productivity improvements can come about from technological change which relates to the quality of capital increasing hence shifting LRAS outward
    Offline

    11
    ReputationRep:
    (Original post by NotKidding)
    No diagram is "wrong" in economics, you just need an explanation that makes sense. If you used LRAS and your explanation makes sense then it's fine, since it wasn't specified they wanted the SRAS curve (although it was clear to me that that was the one they wanted to see).
    LRAS would be absolutely fine surely? An increase in productivity increases the quality of the four factors of production hence shifts LRAS to the right. This would lead to deflation etc.
    Offline

    0
    ReputationRep:
    For patterns of trade question I linked to globalisation meaning more levels of labour migration and highly skilled workers as well as development of global brands
    Offline

    1
    ReputationRep:
    (Original post by junky27)
    I missed out a bit but from what I remember this is what I did: it feels awful to me

    Maths q- 7.23 % something along them lines


    Export subsidies- Defined the terms then said how they can be given to firms across the economy to increase quality of exports thus reducing price. The lower cost of production from firm due to subsidies leads to increase AS and lower price exports.

    Then did how AD would increase as exports more price competitive leading to further economic growth.

    Then mentioned how export subsidies would not be as effective if demand for imports was price inelastic

    (2 diagrams shifting AS and shift AD)

    25 marker- defined the terms

    1st arg- quoted the source on how India were reliant on other countries etc. Did a paragraph on how the government should take control by implementing a tariff. This may make exports more competitive in the domestic economy leading to increase AD.

    evaluated- strong- export led multiplier if the marginal propensity to consume is high and thus development may increase economically by a large extent as incomes would rise. Weak- demand for imports may be inelastic and thus strategic and infant industries may not improve resulting in less development. Final judgement- don't use government approach as tariffs can lead to retaliation which may hinder development and used china and isa devaluation war as example of retaliation.

    2nd arg- market approaches best- free trade and liberalisation- increase movement of MNCs such as Nike. Provide job opportunities in countries like india- increase employment reduction natural rate of employment and larger development

    Diagram- increase supply labour and fall in voluntary unemployment strong- something from source weak- keynesiansm argues that the supply of labour may not result in higher employment in these areas if there is a lack of demand and thus keynesian demand side management as a method to improve development is best. Did diagram with fine tuned AD and opt gdp low inflation and max unemployment

    conclusion- supply side policies may be most effective and compared args etc and shifting LRAS right .
    Similar points but not as detailed haha, I wrote a fair bit about MNCs and why they were good for India (jobs, reduction in poverty, tax for government) and then bad (exploiting workers, forcing smaller domestic firms out of business, avoiding tax), evaluated they were overall good and then stressed the importance of the aid ($222 bil?) from foreign countries in improving the infrastructure to attract more FDI and multipler effects. I may have been going down the wrong lines I don't know hahaha
    Offline

    1
    ReputationRep:
    Did anyone do the taxation question?

    I talked about how reducing direct tax shifts out AD/SRAS and the positive impacts of this
    And then said the negative impacts of shifting the tax, and said it's regressive so increases inequality, and said how the government may not raise enough tax revenue so there's a structural deficit and talked about the economic consequences of this
    Not sure if that's right, did anyone else do this essay section?
    Offline

    5
    ReputationRep:
    (Original post by PFD)
    Similar points but not as detailed haha, I wrote a fair bit about MNCs and why they were good for India (jobs, reduction in poverty, tax for government) and then bad (exploiting workers, forcing smaller domestic firms out of business, avoiding tax), evaluated they were overall good and then stressed the importance of the aid ($222 bil?) from foreign countries in improving the infrastructure to attract more FDI and multipler effects. I may have been going down the wrong lines I don't know hahaha
    well if we both did the same sort of things for the context then we should be fine. I feel like the stuff I wrote was correct and relevant got some of the diagram slightly wrong but should have got good marks on the 2 4 and 9 marker. The second half was not too bad.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Did TEF Bronze Award affect your UCAS choices?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.