Edexcel A-level Economics(A) Paper 3 15th June 2018 [Exam Discussion]

Scroll to see replies

Reply 20

Evil Homer

TSR Community Staff

How did it go today guys?

Reply 21

Captainbikini

Original post by Evil Homer

How did it go today guys?

Was quite nice. Easy questions that were linkable to many topics. I did however find myself writing more micro points in section A and more macro in section B which I hope is fine even though it was not that balanced...

Reply 22

Akdas

Edexcel keep exploiting us I think government intervention is necessary

Reply 23

baslee

Anyone who can remember the questions please say them

Reply 24

Hibzharun

That exam was pretty good. Deffo a good end to economics. How did it go for you guys ?

Also the market structure in question 1A was oligopoly right ?

Reply 25

Dvizex

Original post by Hibzharun

That exam was pretty good. Deffo a good end to economics. How did it go for you guys ?

Also the market structure in question 1A was oligopoly right ?

yea I put that too, could have been a legal monopoly for Costa but for 5 marks there's more to say about it being an oligopoly

Reply 26

Mefan Stolyneux

I found that the hardest of the three, i seem to be in the minority
got me pretty worried there

Reply 27

Failedalevels1

Original post by Hibzharun

That exam was pretty good. Deffo a good end to economics. How did it go for you guys ?

Also the market structure in question 1A was oligopoly right ?

I put oligopoly at first but then realised it was a legal monopoly cause costs had a 31% market share and redid it but either should be fine really as long as you argue your point

Reply 28

Coco Shen

In sector b the 8 market, how the curves shift in the cost and revenue diagram? I only shifted AC, is that ok?

Reply 29

Louisa1999

Original post by Mefan Stolyneux

I found that the hardest of the three, i seem to be in the minority
got me pretty worried there

I felt the same! Much preferred the other two papers

Reply 30

simongregor12

Original post by Failedalevels1

I put oligopoly at first but then realised it was a legal monopoly cause costs had a 31% market share and redid it but either should be fine really as long as you argue your point

Yeah, I put both,

talked about how in the UK's eyes it's a legal monopoly. However, it can also be seen as an oligopoly as there is solid five firm concentration. Wasted so much time just making sure that i was right.

Reply 31

simongregor12

Original post by Coco Shen

In sector b the 8 market, how the curves shift in the cost and revenue diagram? I only shifted AC, is that ok?

I mean yes and no. You should get some marks, but generally marginal cost would also decrease

Reply 32

Coco Shen

Original post by simongregor12

I mean yes and no. You should get some marks, but generally marginal cost would also decrease

How many marks do you think I would lose?

Reply 33

Failedalevels1

Original post by simongregor12

I mean yes and no. You should get some marks, but generally marginal cost would also decrease

Do you think it matters if you didn’t draw a diagram but just wrote about profitability in detail or would i lose marks?

Reply 34

M_student

I actually don’t know how I did😂 but found better than micro and worse than macro
Section B that extract was so freaking long I just left the whole reading part and was just picked up on figures-deficit 2.5% of gdp and all those

Reply 35

M_student

Who is gonna miss dal? Hahahahaha
Man helped a-lot however his voice is freaking echoing in my ears and I am so done with that😂

Gonna miss his hairline and that brown chain around his neck😂😂😂😂

Reply 36

matt19999

Original post by Failedalevels1

I put oligopoly at first but then realised it was a legal monopoly cause costs had a 31% market share and redid it but either should be fine really as long as you argue your point

Yeah for section A they will allow a variety of interpretations of what the market structure is. No definitive answer really

Reply 37

matt19999

Original post by Coco Shen

How many marks do you think I would lose?

Like 1 lol, as long as your answer was relatively well written you'll lose very little for not shifting 1 curve

Reply 38

Xidan

Here are all the questions that were on the paper, from memory.

First section:

5 maker on whether the branded coffee firms are oligopoly

8 marker on indirect tax on coffee

12 marker on pricing/non-pricing things starbucks could do to increase profit.

25 marker micro+macro effects of demand for branded coffee increasing or micro+macro impact of starbucks’s pricing strategies (not sure about this one)

------------
Second section

5 marker on terms of trade of Indonesia

8 marker of cost/revenue diagram of the building of a dam in Indonesia on farmers

12 marker of benefit of giving aid to Indonesia

25 = macro+micro impacts of volatility of coal of Indonesia or macro+micro impacts of the supply-side policies to improve Indonesia

I found the paper fine, although being myself I decided to overcomplicate how I would draw the cost/revenue diagram of the second section and ended up having to write the remaining questions rushed :u: