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

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    #32
    Johno2474
    Registered Users Posts: 36 ✭Johno2474


    randomlad727 wrote:
    Did anybody do the costs question? I think I did it wrong. I got like a u shaped marginal cost curve


    Not the only one what did you sy on what factors influence competitiveness of a firm in Irish economy


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    #33
    TSMGUY
    Closed Accounts Posts: 855 ✭✭✭TSMGUY


    F***ing hell, what a handy paper! Thought I was gonna get a B3 max going in because I was burnt out but now I'd be surprised if I got below an A2. Think everything was correct except like an idiot I drew the monopoly curve instead of the oligopoly curve. I did the specs analysis properly but I forgot to put a kinked AR/Demand curve, which is odd cos' I effing mentioned Sweezy's model during my answer. If everything else was right will I still get some marks for the graph?


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    #34
    randomlad727
    Registered Users Posts: 29 ✭randomlad727


    Johno2474 wrote: »
    Not the only one what did you sy on what factors influence competitiveness of a firm in Irish economy

    Cost of production- wage rates, transport costs, value of euro versus other currencies, and inflation rate. Crap was that supposed to be like competitiveness between Irish firms on the Irish market or could you talk about on the international market too?


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    #35
    Johno2474
    Registered Users Posts: 36 ✭Johno2474


    randomlad727 wrote:
    Cost of production- wage rates, transport costs, value of euro versus other currencies, and inflation rate. Crap was that supposed to be like competitiveness between Irish firms on the Irish market or could you talk about on the international market too?

    You can say that aswell I think they just phrase the qs differently the same way as in mocks


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    #36
    randomlad727
    Registered Users Posts: 29 ✭randomlad727


    TSMGUY wrote: »
    F***ing hell, what a handy paper! Thought I was gonna get a B3 max going in because I was burnt out but now I'd be surprised if I got below an A2. Think everything was correct except like an idiot I drew the monopoly curve instead of the oligopoly curve. I did the specs analysis properly but I forgot to put a kinked AR/Demand curve, which is odd cos' I effing mentioned Sweezy's model during my answer. If everything else was right will I still get some marks for the graph?
    I thought we were only supposed to draw the demand curve??


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    #37
    David1997
    Registered Users Posts: 41 ✭David1997


    randomlad727 wrote: »
    I thought we were only supposed to draw the demand curve??

    Yeah it was just the kinked demand curve.


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    #38
    randomlad727
    Registered Users Posts: 29 ✭randomlad727


    David1997 wrote: »
    Yeah it was just the kinked demand curve.
    Thank you! I was panicking there for a second


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    #39
    adam240610
    Registered Users Posts: 814 ✭✭✭adam240610


    Lovely paper, did Q 1-4 as always haha. Hopefully A1 n that


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    #40
    daveytheravey
    Registered Users Posts: 45 ✭daveytheravey


    Could have went a bit better IMO. I was spending to much time on random parts of my longs. They needed a lot of explanation, but sure thats life. The questions required more outside the box thinking and not necessarily from the books. Its the way most exams are going i think! Maybe for the better :)


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    #41
    Violin1997
    Registered Users Posts: 8 ✭Violin1997


    I honestly don't know how it went for me. The short questions were alright but when it came to the long qs which have the parts in which you offer your own opinion, I completely blanked. I was ok with the theory parts of the questions especially q1+2 but I could only do some parts of a full question. I just could not think of anything. I'm scared that I messed up badly! I hope I'll be able to pass!

    Just to note: I did q's 1,2,4 and 5


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