Leaving Cert Economics 2017

Incipiens

How'd yous find it?

EireLemon

Everyone else said it was good enough but I found it to be a bit hard

Msrebeckyxo

Pretty disappointing to see that Trade and national income were pretty different to previous years idk, questions were asking strangely.
Short questions were a bit difficult but attempted all of them.
Relied on demand and supply and yet I found part (iii) difficult.

Monaghan_98

Not as good as I would have hoped, short questions were quite tricky, and part (iii) on question 1 was pretty awkward! Was hoping to get a H1 but I think I won't be getting it after that tbh

Telo123

I got 98% in my pre and honestly think i might have only scraped a H3 if not a H4 in ,sums up how **** the paper was for me.So annoyed like I have never got below 95% in a test since the start of 5th year.The Lc is a joke

jogd1234

Telo123 wrote: »

I got 98% in my pre and honestly think i might have only scraped a H3 if not a H4 in ,sums up how **** the paper was for me.So annoyed like I have never got below 95% in a test since the start of 5th year.The Lc is a joke

Often you'll think that, but it's not necessarily true. If you got 95 in your pre you know your stuff & im sure you did better than you think, I thought I got 50-60 in my Irish mock and ended up with a h2.

Found the supply and demand question very tough but other than that it was okay. I said imperfect competition for artisan market bc it said 'lots of new firms are entering', I don't think they can dock me for that since I explained it.

For the supply & demand graphs of Q1, i just changed one of the demand of supply curves each time. Did you have to shift both for those graphs? I struggled a lot with that question

VG31

jogd1234 wrote: »

For the supply & demand graphs of Q1, i just changed one of the demand of supply curves each time. Did you have to shift both for those graphs? I struggled a lot with that question

I don't think so, for the first one (technological advancement in production) I shifted the supply curve, the second one (tax on cars) I shifted the demand curve as demand for electric cars would increase. I can't remember what the last one was.

Monaghan_98

jogd1234 wrote: »

Often you'll think that, but it's not necessarily true. If you got 95 in your pre you know your stuff & im sure you did better than you think, I thought I got 50-60 in my Irish mock and ended up with a h2.

Found the supply and demand question very tough but other than that it was okay. I said imperfect competition for artisan market bc it said 'lots of new firms are entering', I don't think they can dock me for that since I explained it.

For the supply & demand graphs of Q1, i just changed one of the demand of supply curves each time. Did you have to shift both for those graphs? I struggled a lot with that question

I could be wrong but I think you had to shift the supply curve to the right for the first one, the demand curve to the right for the second one, and the demand curve to the left for the last one

VG31

"Leaving Cert Economics: Housing questions an ‘over-examination’"

https://www.irishtimes.com/news/education/leaving-cert-economics-housing-questions-an-over-examination-1.3127906

I definitely agree with that. There was only one short question on Brexit yet there were questions about housing/rent prices all over the paper! I know it's a major problem at the moment but the number of questions on it was excessive.

Monaghan_98 wrote: »

I could be wrong but I think you had to shift the supply curve to the right for the first one, the demand curve to the right for the second one, and the demand curve to the left for the last one

I'm fairly sure that's what I did. Part (c) was confusing though.

Monaghan_98

VG31 wrote: »

"Leaving Cert Economics: Housing questions an ‘over-examination’"

https://www.irishtimes.com/news/education/leaving-cert-economics-housing-questions-an-over-examination-1.3127906

I definitely agree with that. There was only one short question on Brexit yet there were questions about housing/rent prices all over the paper! I know it's a major problem at the moment but the number of questions on it was excessive.



I'm fairly sure that's what I did. Part (c) was confusing though.

Yeah the wording of the last part did confuse me too tbh, also part (c) of question 2 was apparently an oligopoly according to the independent? I was almost sure it was an imperfectly competitive market... oh well done now

VG31

Monaghan_98 wrote: »

Yeah the wording of the last part did confuse me too tbh, also part (c) of question 2 was apparently an oligopoly according to the independent? I was almost sure it was an imperfectly competitive market... oh well done now

It said monopolistic/oligopoly (monopolistic is another name for imperfect competition), so you were correct.

jogd1234

VG31 wrote: »

It said monopolistic/oligopoly (monopolistic is another name for imperfect competition), so you were correct.

No, monopolistic is unrelated to imperfect competition.

IMO they'll probably give marks for imperfect comp OR oligopoly, since it was unclear & majority would probably have said imperfect.

For the supply & demand graphs I think I did what ye said, load off my mind. I was wondering if you had to shift both the supply & the demand curves on any particular graph, seems you didn't. Might've got the H1 if that's the case

VG31

jogd1234 wrote: »

No, monopolistic is unrelated to imperfect competition.

Monopolistic competition and imperfect competition are the same thing. Your probably confusing monopolistic with monopoly which are completely different.

Wyd2017

Would someone kindly be able to tell me if-

(I) The artisan food market was imperfect Competition
Ii) the" motor tax on petrol cars in the future" would have caused the demand curve to shift to the right
Iii) MRP curve for labour is the one with a backwards C ( lol)
IV) what the answers for the true or false were
I got T,F,T,T
V) What two other methods of measuring national income other than output, I didn't know so I wrote down expenditure and income method?
Vii) falling pound with respect to the Euro makes Irish goods more expensive on the international market?

jogd1234

VG31 wrote: »

Monopolistic competition and imperfect competition are the same thing. Your probably confusing monopolistic with monopoly which are completely different.

Sorry, forgot that was another name for it. That's a relief anyway

Wyd2017

Also if the price ceiling on rents would have caused a shortage

Mldj

I think it would have resulted in a supply curve that slopes upwards at the start but then is horizontal when the price reaches €700 or whatever it was. I thought it was a hard paper tbh...I did the first three questions and the inflation question. Definitely too much emphasis on the housing market

prmcnamara

The Independent described it as a "very challenging paper". I didn't find it that bad and I don't know if that's a good or bad thing for me. It was definitely a weird paper though.

Bazinga_N

Found it hard enough tbh. Hadn't a clue what to do for part (a) of the National Income question but the other parts were okay. Trade Question was a bit different to the usual ones too. Was hoping for a H1 but I doubt I got it after that paper tbh.