AQA GCSE Economics Paper 2 (8136/2) - 21st May 2024 [Exam Chat]

Original post by SONIX2080

topic predictions for macroeconomics 15 marker tommorow?

Looking at past papers, there's been a lack of like anything on the financial sector in section b theres also room for a long answer q on employment but i have no idea apart from what i get looking at past papers... i've barely reviewed the macro content 🥲

Reply 3

mayapple

2

What was the 9 and 15 marker on?

Reply 4

SONIX2080

7

15 marker - globalisation
9 marker - inflation

Reply 5

Original post by SONIX2080

15 marker - globalisation
9 marker - inflation

id say that was a good paper tbh

Reply 6

rusty1832

what anyone get for the 3 mark graph question?

Reply 7

Original post by rusty1832

what anyone get for the 3 mark graph question?

shift to the right on the demand curve giving us a higher price equilibrium

Reply 8

rusty1832

Original post by shlok11

shift to the right on the demand curve giving us a higher price equilibrium

can you explain why i thought it was in increase in supply

Reply 9

SONIX2080

7

Original post by rusty1832

can you explain why i thought it was in increase in supply

My teacher said it's a right shift in supply.

(edited 11 months ago)

Reply 10

rusty1832

Original post by SONIX2080

My teacher said it's a right shift in supply.

yeah I thought so too

Reply 11

Original post by rusty1832

yeah I thought so too

nah cause if other countries are importing more from the uk, the pound appreciates and countries buy more pound so they import more from the uk , so i just said demand increases, i mean i might be wrong tho

Reply 12

HELLOWORLD0407

1

Original post by shlok11

nah cause if other countries are importing more from the uk, the pound appreciates and countries buy more pound so they import more from the uk , so i just said demand increases, i mean i might be wrong tho

NO! If imports to the UK are increasing, British people are increasing their supply of Pounds in foreign markets, so supply shifts to the right. Demand would be foreign consumers needing pounds to buy our goods, increasing exports, not imports.

Reply 13

Original post by rusty1832

what anyone get for the 3 mark graph question?

wait holdup. on the y axis, the price axis, did it not say "euros in terms of pounds" because the x axis, the quantity was "quantity of pounds". because if that was the case (pls if i'm wrong correct me) then, according to like every GCSE supply and demand diagram, it just like doesn't work as a graph. you cant have price of one thing and then quantity of something else referencing the same graph?? honestly tho i might've just been silly and not have read the while thing... if it was like "euro cost of pounds" then yeah supply increases but i remember it being "euros in terms of pounds" i'm really confused sorry 😭

Reply 14

Kwabbers

10

Original post by rusty1832

yeah I thought so too

That’s what I did asw and I’m pretty sure it’s right

Reply 15

Original post by HELLOWORLD0407

NO! If imports to the UK are increasing, British people are increasing their supply of Pounds in foreign markets, so supply shifts to the right. Demand would be foreign consumers needing pounds to buy our goods, increasing exports, not imports.

no but the question said that other countries are importing more from uk meaning uk exports are increasing no imports

Reply 16

Original post by frannforever

wait holdup. on the y axis, the price axis, did it not say "euros in terms of pounds" because the x axis, the quantity was "quantity of pounds". because if that was the case (pls if i'm wrong correct me) then, according to like every GCSE supply and demand diagram, it just like doesn't work as a graph. you cant have price of one thing and then quantity of something else referencing the same graph?? honestly tho i might've just been silly and not have read the while thing... if it was like "euro cost of pounds" then yeah supply increases but i remember it being "euros in terms of pounds" i'm really confused sorry 😭

yh im pretty sure it was euros in terms of pounds so demand increases not supply

Reply 17

Original post by shlok11

yh im pretty sure it was euros in terms of pounds so demand increases not supply

yeah!! but the x axis was abt the quantity of pounds meaning supply went up so im super confused!!

(edited 11 months ago)

Reply 18

Original post by frannforever

yeah!! but the x axis was abt the quantity of pounds meaning supply went up so im super confused!!

no because when it says quantity of pounds it means quantity of pounds demanded not acc supply, so if quantity of pounds demanded moves right it means more quantity of pounds are being demanded, so demand increases.
i mean i dont rememeber the question that well so i could be wrong

Reply 19