Edexcel A-level Economics Paper 1 5th June 2018 [Exam Discussion]

Has anyone got predictions for the paper 1, 2 and 3 topics?

paper 1 will most likely have oligopoly market structure with game theory

paper 1 will most likely have oligopoly market structure with game theory

Guys!! How’s your revision going?? Any advices or tips for Unit 1 and Unit 3

what are the topic that are likely to come up on paper 1. I have seen in other threads financial markets will come up on paper 2 maybe.

How come?? Financial Market is Micro right?? Paper 2 is Macro
I have to go through financial market, Externalities,market failure in depth and few year 13 topics like Cost&Revenue and all those labour market stuff..

Financial Markets in Edexcel goes under Macro.

Ohhhh yeah yeah my bad, I mistakenly thought something differently ‘Apologies’
Btw, Are you guys confident with these ‘Oligopoly’ ‘Monopoly’ and Monopsony?

These three are very weird for me😪

When comparing all the different market structure, the best way is to compare all the different efficiencies. Explain how and why Allocative/Productive/Dynamic efficiency is achieved/not achieved.

For instance, in monopolistic competition, 'Dynamic efficiency is not achieved in the long run. Since super normal profits are not being made, it restricts a firms ability to reinvest back in the business. Over time, consumers lose out with no technology advances, or innovative new products, reducing consumer choice and restricting price falls in the future.'