connormc199
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I am studying the CCEA exam board and i am genuinely struggling with unit one - Markets and Market Failure; Can anyone advise me to what diagrams I need to revise and if possible a list of Key terms? Thanks!
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TSR Jessica
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Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.


Just quoting in Fox Corner so she can move the thread if needed :wizard:
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Fox Corner
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Moved to Econ
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unillama
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have you tried this?
http://www.rewardinglearning.org.uk/...pport/as_1.asp

(Original post by connormc199)
I am studying the CCEA exam board and i am genuinely struggling with unit one - Markets and Market Failure; Can anyone advise me to what diagrams I need to revise and if possible a list of Key terms? Thanks!
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teresaking99
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Externality Graphs are the best to learn as you can throw them into most answers, obviously have your demand and supply learned really well. Learn the diagram for CAP- Common Agricultural Policy learned for government intervention. also it is good to know your graphs for subsidies and taxes. learn Transfer Earnings and Economic Rent also.
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teresaking99
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Rather than key terms I would say to learn;
Functions of a market
Determines of Demand
Determines of Supply
Producer Surplus
Consumer Surplus
Types of Govt Intervention
Why government intervention fails.
Determines of demand for labour
Determines of supply of labour
Economic Rent
Transfer Earnings
Determines of the quality of labour force.

p.s.

I know this exam is tomorrow so id just advise you to learn off these off quickly tonight
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connormc199
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Thanks all, unfortunately i didnt get the notifications and only seeing them now.
How did you find the exam?
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unillama
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im in gcse, like i know someone doing economics, but like what career does it lead u into?
likee what do you want to do?
and how was the exam?

(Original post by connormc199)
Thanks all, unfortunately i didnt get the notifications and only seeing them now.
How did you find the exam?
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connormc199
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I never did GCSE economics, rather unfortunately.
Economics in relation to careers is a wonderful subject as it enables the student to acquire key literature, mathematical and practical skills. Possible careers which are viable with an economics degree include; an actual economist, actuary, financial analyst, banker or lawyer.

I intend on achieving good AS/A2 grades (which after my first two exams seems doubtful) and then hopefully going on to study either PPE, Law with political science or Classics.

SAQ were good, DAQ were also quite answerable, and the essay question was catered towards my strongest field of knowledge but unfortunately i was time constraint and i didnt quite get as strong an answer as i had hoped!
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connormc199
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how are you all prepared for monday?
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