AQA A-level Economics 7136 - Paper 1 (Markets and market failure) - 20th May 2019 Watch

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AQA A-level Economics 7136 - Paper 1 (Markets and market failure) - 20th May

Exam technique, night before breakdowns and discussion regarding this exam... It's all here :gthumb: Feel free to add resources to the thread as well as anything that may be helpful to others :smartass:

This thread covers the following papers:
  • 7136 Paper 1 Markets and market failure 2h 20 May 2019 am
:rave:

The official specification: https://filestore.aqa.org.uk/resourc...36-SP-2015.PDF
Spoiler:
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Paper 1: Markets and market failure
What's assessed
Content 1–8

1 Economic methodology and the economic problem
2 Individual economic decision making
3 Price determination in a competitive market
4 Production, costs and revenue
5 Perfect competition, imperfectly competitive markets and monopoly
6 The labour market
7 The distribution of income and wealth: poverty and inequality
8 The market mechanism, market failure and government intervention in markets


Specimen and past papers:
https://www.aqa.org.uk/subjects/econ...ment-resources

:goodluck:

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Serbian_2000
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Who thinks the papers are going to be about Brexit and something to do with government failure?
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._Lynx_.
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I reckon they might because it's a relevant topic that happened recently that they could talk about.
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megans128
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What questions does everyone think will come up, interested to see some predictions🤔
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._Lynx_.
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Might be stuff to do with uncertainty leading to reduced investment. There is a lot of things they could ask there are many ways to look at Brexit.
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Johnny Meston
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Any idea of what topics could potentially come up in Section B ?
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._Lynx_.
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No clue. Could be anything in the specification. I know that's not much help but we don't have anything to go on. Just revise the whole specification as they could give us anything with no context.
(Original post by Johnny Meston)
Any idea of what topics could potentially come up in Section B ?
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CoffeeGeek
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I guess I'm the only one who thinks they won't mention Brexit! I wouldn't be surprised though... I'm just thinking how it would be asked in the paper... But I think that they might ask something about the NMW or NLW since I haven't really seen any questions on it recently.
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Serbian_2000
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(Original post by CoffeeGeek)
I guess I'm the only one who thinks they won't mention Brexit! I wouldn't be surprised though... I'm just thinking how it would be asked in the paper... But I think that they might ask something about the NMW or NLW since I haven't really seen any questions on it recently.
Wats the difference between NMW and NLW
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CoffeeGeek
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(Original post by Serbian_2000)
Wats the difference between NMW and NLW
NLW is essentially a minimum wage for workers over 25. Whilst NLW is for 16-24 year olds.
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Serbian_2000
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You said NLW twice 😂😂😂... Have you started revising? What’s the bst way to revise, and should I revise on countries like Japan and India for A02 application?
(Original post by CoffeeGeek)
NLW is essentially a minimum wage for workers over 25. Whilst NLW is for 16-24 year olds.
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Serbian_2000
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I don’t know how to revise, I’m stuck like a guy who never even did economics and it’s my final exams...
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CoffeeGeek
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(Original post by Serbian_2000)
You said NLW twice 😂😂😂... Have you started revising? What’s the bst way to revise, and should I revise on countries like Japan and India for A02 application?
I was meant to say NMW when I said NLW the second time 😭😭😭 this is what a full day of revision does to your brain unfortunately.

Erm no you only need to know about the UK economy iirc. Might be good to check the specification to see. Anything outside the specification isn’t worth your time.
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CoffeeGeek
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(Original post by Serbian_2000)
I don’t know how to revise, I’m stuck like a guy who never even did economics and it’s my final exams...
I’m just revising content at the moment over Easter and should hopefully do some past papers towards the end. I think the most difficult thing is the content, there’s a lot.
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jsb00
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Hoping for a theory of the firm question and a labour markets one, trade unions would be good
anyone good at behavioural??
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Sachin Doolub
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the new spec is so hard. Like the style of questions, especially the multiple choice and paper 3. Does anyone have any resources for the new specification. Especially paper 3??? Thank you so much
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