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!! Economics 2016 ... predictions, guesses and discussion.

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  • 17-06-2016 1:50pm
    #1
    TooMuchWork
    Registered Users Posts: 118 ✭✭


    Post away


«1

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    #2
    luftmensch
    Closed Accounts Posts: 140 ✭✭luftmensch


    Either perfect competition or oligopoly, and either land or labour. Elasticity has to come up, as well as something about the Brexit and maybe the housing crisis.

    If none of the above comes up, I'm screwed.


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    #3
    TooMuchWork
    Registered Users Posts: 118 ✭✭TooMuchWork


    luftmensch wrote: »
    Either perfect competition or oligopoly, and either land or labour. Elasticity has to come up, as well as something about the Brexit and maybe the housing crisis.

    If none of the above comes up, I'm screwed.

    You have the exact same things as myself!


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    #4
    TSMGUY
    Closed Accounts Posts: 855 ✭✭✭TSMGUY


    Hate Macro just because they mix the good bits with the absolute ****e like measuring national income (which is both boring and terribly explained)

    If only 4 micros came up!


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    #5
    luftmensch
    Closed Accounts Posts: 140 ✭✭luftmensch


    TSMGUY wrote: »
    Hate Macro just because they mix the good bits with the absolute ****e like measuring national income (which is both boring and terribly explained)

    If only 4 micros came up!

    4 came up on my mock. Hopefully it will happen again.

    Are you learning any stats or figures for macro?


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    #6
    TSMGUY
    Closed Accounts Posts: 855 ✭✭✭TSMGUY


    luftmensch wrote: »
    4 came up on my mock. Hopefully it will happen again.

    Are you learning any stats or figures for macro?
    not yet, tend to panic the morning of the exam and cram a few before the exam lol. Not the best idea in the world. Any good links?


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    #7
    luftmensch
    Closed Accounts Posts: 140 ✭✭luftmensch


    TSMGUY wrote: »
    not yet, tend to panic the morning of the exam and cram a few before the exam lol. Not the best idea in the world. Any good links?

    I don't, apart from the cso website that is.


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    #8
    TSMGUY
    Closed Accounts Posts: 855 ✭✭✭TSMGUY


    luftmensch wrote: »
    I don't, apart from the cso website that is.

    might do a thug life and just hope for micro ayyyy.

    (I'll probably end up going over EVERYTHING. The macro is so unpredictable:mad:)


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    #9
    emersyn
    Registered Users Posts: 430 ✭✭emersyn


    I'm focusing on micro and giving international trade and LDCs a look-in as well, I'm predicting a long question with them


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    #10
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    Doing all micro regardless of what they are, then either national income, trade or banking for the macro.
    Bad feeling only three micro will come up though

    The mock papers were fantastic though so wouldn't mind a similar one to those, best result I got in the mocks by 6%


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    #11
    Take Your Pants Off
    Registered Users Posts: 1,514 ✭✭✭Take Your Pants Off


    How does one answer the qs on intl trade where they ask on "'explain how both countries benefit from trade in the shown example" taken from 2008 qs 5.
    The rapid revision does no justice itself in explaining this.
    And the marking scheme is way worse, dont have a clue where they working out specialising figures from.
    Is there any clear method to approach these type of qs. Of its too complicated, then will i be better of skipping it, since its only 8 marks, but i have a good feeling its coming up as 2012 was the last time they asked this. So could be easy 8 marks IF its not a bother to understand in short notice


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    #12
    emersyn
    Registered Users Posts: 430 ✭✭emersyn


    I'll PM you my notes


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    #13
    Donnielighto
    Registered Users Posts: 3,761 ✭✭✭Donnielighto


    Post the question there and I'll explain it


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    #14
    Johno2474
    Registered Users Posts: 36 ✭Johno2474


    adam240610 wrote:
    The mock papers were fantastic though so wouldn't mind a similar one to those, best result I got in the mocks by 6%


    Just hoping the paper will be much nicer than last year!!!!


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    #15
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    Johno2474 wrote: »
    Just hoping the paper will be much nicer than last year!!!!

    Last years was lovely!
    Hope they don't put three micro and five macro on this year though :x


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    #16
    TooMuchWork
    Registered Users Posts: 118 ✭✭TooMuchWork


    Okay I have labour, perfect comp/oligopoly, elasticity and short Qs ready. Anybody want to suggest some chapters I can study today?


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    #17
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    TooMuchWork wrote: »
    Okay I have labour, perfect comp/oligopoly, elasticity and short Qs ready. Anybody want to suggest some chapters I can study today?

    Banking/trade/national income. You can pretty much downy question on macro from those three chapters due to repetition in the course

    I'd do all market structures considering its the only thing on every single year


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    #18
    flame98
    Registered Users Posts: 5 ✭flame98


    Going to have to say elasticity mixed with supply and demand, a mix of perfect competition and oligopoly, labour, international trade with a question on brexit and then something on the multiplier. Possibly a census question thrown in somewhere


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    #19
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    flame98 wrote: »
    Going to have to say elasticity mixed with supply and demand, a mix of perfect competition and oligopoly, labour, international trade with a question on brexit and then something on the multiplier. Possibly a census question thrown in somewhere

    Would be a lovely paper
    Would say land or enterprise for question four as well, hopefully.


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    #20
    Soolander
    Registered Users Posts: 72 ✭✭Soolander


    anyone know the very important stats to know?


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    #21
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    Soolander wrote: »
    anyone know the very important stats to know?

    7.9 unemployment, 7.8% increase in GDP, stagnant inflation, gl


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    #22
    Corkalex
    Registered Users Posts: 30 ✭Corkalex


    Last exam for me ugh can't wait to get this over and done with


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    #23
    Paul235
    Closed Accounts Posts: 3 ✭Paul235


    Corkalex wrote: »
    Last exam for me ugh can't wait to get this over and done with

    Hasn't the economics exam been on since 9:30 this morning?


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    #24
    luftmensch
    Closed Accounts Posts: 140 ✭✭luftmensch


    Someone please tell me Q2 was oligopoly


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    #25
    David1997
    Registered Users Posts: 41 ✭David1997


    luftmensch wrote: »
    Someone please tell me Q2 was oligopoly

    Yea it was :D


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    #26
    emersyn
    Registered Users Posts: 430 ✭✭emersyn


    luftmensch wrote: »
    Someone please tell me Q2 was oligopoly

    Yes, although with those questions you can generally also argue imperfect competition if you want to make it difficult for yourself

    Definitely not the easiest paper but not too bad overall, I can't believe there was no international trade... I had to read over the paper three times to check I wasn't missing a page


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    #27
    David1997
    Registered Users Posts: 41 ✭David1997


    emersyn wrote: »
    Yes, although with those questions you can generally also argue imperfect competition if you want to make it difficult for yourself

    Definitely not the easiest paper but not too bad overall, I can't believe there was no international trade... I had to read over the paper three times to check I wasn't missing a page

    The predictions on here were almost spot on really. It's clear they wanted oligopoly, otherwise it's like any normal market.


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    #28
    Johno2474
    Registered Users Posts: 36 ✭Johno2474


    Not a bad paper anyone know what full employment is didn't seem to know meaning of it? Or marginal revenue?


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    #29
    emersyn
    Registered Users Posts: 430 ✭✭emersyn


    David1997 wrote: »
    The predictions on here were almost spot on really. It's clear they wanted oligopoly, otherwise it's like any normal market.

    I know they wanted oligopoly. That's why I answered on oligopoly. All I'm saying is that in the past marking schemes they've also given the marks people who correctly argued that it fits imperfect competition.


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    #30
    Jack55
    Registered Users Posts: 40 ✭Jack55


    I thought it was a fair paper - although kicking myself for a really stupid mistake I made in calculating the multiplier. Instead of using MPS I used MPC, and got a multiplier of 1. I knew it made no sense, but it was almost as if the answer was so obvious I couldn't see it in time. Anyone think I'll get any marks for those last two parts? Doubting it to be honest but kind of hoping I won't lose like 20 marks for such a stupid mistake.


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    #31
    randomlad727
    Registered Users Posts: 29 ✭randomlad727


    Did anybody do the costs question? I think I did it wrong. I got like a u shaped marginal cost curve


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