2013 Economics HL Before/After

woopah92 · 19-06-2013 12:50PM

Sierra_x wrote: »

Did Economics last year, one of my favorite subjects. Just wondering what came up out of Monopoly, Imperfect Comp, Elasticity etc?

Monopoly was the main part and advertising in imperfect competition came up as Q2. Elasticity was nowhere to be found IIRC.

stephenjmcd · 19-06-2013 12:53PM

woopah92 wrote: »

Monopoly was the main part and advertising in imperfect competition came up as Q2. Elasticity was nowhere to be found IIRC.

Q2 was nearly all monopoly and advertising

inthezone · 19-06-2013 01:03PM

For a while I thought Macklemore had helped me understand the meaning of Paradox of Thrift, because I'd decided it probably was the same thing as Paradox of Value, but after the exam I found out the truth... let's just say Macklemore is not getting his own shrine in my bedroom like Sylvia Plath is.

Also, is that definition even on the syllabus? If it is, my class was never given a definition for it (we didn't use any textbooks, just wrote notes).

Anyway, I didn't really enjoy that paper. It wasn't exactly worst, but it certainly wasn't the best either. One thing I do really like is how much social topic-type questions were put into the exam, however. I couldn't believe it.

woopah92 · 19-06-2013 01:03PM

stephenjmcd wrote: »

Q2 was nearly all monopoly and advertising

Part C was advertising in IC.
There was a reason why I said the MAIN part i.e. A and B, was monopoly.
Please learn to read.

yournerd · 19-06-2013 01:09PM

What was that? Ether the course changed lately or I have a **** ******** book and teacher.

anniehilate · 19-06-2013 01:12PM

According to Wikipedia,
"The paradox states that if everyone tries to save more money during times of economic recession, then aggregate demand will fall and will in turn lower total savings in the population because of the decrease in consumption and economic growth."

It rings a bell now that I know what it is, but it being 17 marks was cruel when they knew that most students would overlook it/confuse it with paradox of value.

olazbabes · 19-06-2013 01:14PM

That paper was ridiculous. The short questions didnt mriror past questions. Last years paper was so easy compared to this. Why So? . This was totally unfair. Too much thinking on the spot questions in MICRO only 3 came up whereas 4 easy last year. Are they trying for us not to get points. All that For only 2 and a half ours. So far the LC has been a bitch!:p

Lonepiper · 19-06-2013 01:14PM

That paper was graaaand! had done labour questions like that the night before so :P
Short questions were alittle odd,but I Probbaly got 5 all right at least

yournerd · 19-06-2013 01:15PM

Definite,y need to lower my CAO standards and fill in the levels7;(

stephenjmcd · 19-06-2013 01:24PM

Still reckon I passed at least

no scope codgod · 19-06-2013 01:27PM

Horrible Paper, completely strayed from the norm in terms of how they asked questions as well.

The Pheasant2 · 19-06-2013 01:30PM

Bet you tomorrow the Irish times will come out with all the "Students welcomed the refreshing format of the questions" and the "It was a very fair paper, if you'd done the work you'd have been fine" bull**** they spout...if they say anything other than it was a difficult paper,
I will write a letter to the editor!

Lucan Bohs · 19-06-2013 01:30PM

I'd Q2,4,7&8. Short Qs were crap. For APC I just put the two figures they gave you over one another. I presume it's not that easy?!

anniehilate · 19-06-2013 01:33PM

Lucan Bohs wrote: »

I'd Q2,4,7&8. Short Qs were crap. For APC I just put the two figures they gave you over one another. I presume it's not that easy?!

I took the savings figure from the 34,000 to get consumption and put the answer over 34,000 *shrugs* I got something like 0.84, but I was just thinking on the spot so that could be completely off the mark as well

stephenjmcd · 19-06-2013 01:33PM

For apc what do u do , never did it before so guessed by adding the 2 and dividing by 52

no scope codgod · 19-06-2013 01:39PM

The Pheasant2 wrote: »

Bet you tomorrow the Irish times will come out with all the "Students welcomed the refreshing format of the questions" and the "It was a very fair paper, if you'd done the work you'd have been fine" bull**** they spout...if they say anything other than it was a difficult paper,
I will write a letter to the editor!

They should be worried unless they want to go the way of Game in Dundrum or the 44 Bus route then!

decisions · 19-06-2013 01:39PM

That was ****ing horrible.

ahmdoda · 19-06-2013 01:46PM

the paradox of thrift shows that an increase in MPS can cause a reduction in the level of income while bringing no increase in the level of saving in the economy
the Average propensity is defined as the proportion of total income spend and is found by divding the consumption figer over the total income figure
both where at the back of my notes but i never bothered with looking at them

The Pheasant2 · 19-06-2013 02:00PM

no scope codgod wrote: »

They should be worried unless they want to go the way of Game in Dundrum or the 44 Bus route then!

Damn straight

Denis322 · 19-06-2013 02:10PM

F*ck me sideways :pac:

Well, that was a rather disappointing end to 2 years of doing quite well in economics.

olazbabes · 19-06-2013 02:20PM

Yet they wonder why more people drop the subject. this exam paper is why. DONT DO ECONOMICS!!!1

yournerd · 19-06-2013 02:23PM

Accounting, Biology and Economics were so different thois year like i wanted s A1s now id be delighted with C3!

Bertser · 19-06-2013 02:26PM

I'm sure many people say this every year, but with doing all the exam questions from previous years, this has been the toughest Leaving Cert in a while. Nothing on assumptions in the Market Structure question and no Elasticity whatsoever. Wasn't happy with 3 Micro and 5 Macro too...

Donegal1234 · 19-06-2013 02:33PM

was an ok paper I thought , short question weren't the best tbh

VincentLeB · 19-06-2013 02:33PM

I know loads of stuff didn't come up and the format was fairly odd, but seriously was there anything that was actually difficult?

Like did people find certain questions actually hard, or was it just that your prepared topics didn't come up.

[I realise the short questions were hard, but what about the long ones?]

David086 · 19-06-2013 02:42PM

Did question 2,4,7 & 8 thought it was grand and bulls**table. Short questions were horrible in fairness.

no scope codgod · 19-06-2013 02:49PM

VincentLeB wrote: »

I know loads of stuff didn't come up and the format was fairly odd, but seriously was there anything that was actually difficult?

Like did people find certain questions actually hard, or was it just that your prepared topics didn't come up.

[I realise the short questions were hard, but what about the long ones?]

So much of it was bull**** questions that aren't anywhere in the course material and are more about common sense. It's good in a way because it forces you to think laterally or whatever but they're so subjective and reward people who don't bother studying since you can basically just spoof about them. It seems that the Project Maths style emphasis on problem solving/real world applications has spilled across into other subjects, which if you've only been studiously preparing through past exam questions, you'll have been somewhat unequipped to tackle.

aimzLc2 · 19-06-2013 03:03PM

I only took up economics this year as a repeat student and i didn't think it was that bad?so now i'm really worried i answered stuff wrong :P
I mean it wasn't amazing but it wasn't awful i think

ray2012 · 19-06-2013 03:18PM

anniehilate wrote: »

I took the savings figure from the 34,000 to get consumption and put the answer over 34,000 *shrugs* I got something like 0.84, but I was just thinking on the spot so that could be completely off the mark as well

I did the exact same :P It was a guess though, I didn't know what it was.

SQ's were horrible IMO, nothing like past exam paper ones! I'd be surprised if I passed them.. but the long Q's were fairly good, so I'm hoping I pick up a lot of marks to make up for me failing the SQ's. I'm glad I'm not one of those people hoping for an A in it though, would have been far more pissed out with the SQs then. I've never heard of that 'Paradox' thing in my life.

Petermt · 19-06-2013 03:30PM

Did anyone else think that the micro was horriffic but the macro was grand? also for the central bank buying assets did any of ye say it causes inflation and i devalues the currency?

** 2013 Economics HL Before/After **

Comments

2013 Economics HL Before/After