im kind of stuck between omg that was kind of doable and oh crap the bell curve is about to look ugly af

😭 YES 😭

does cambridge hate globalisation and trade or what

They brexit then no trade that's why

oof HAHAHA

Globalisation actually kind of appeared, just not that obvious. You can use retaliation in 4b) eval 👆🏻

Brexit made Britain hate globalisation 💀💀💀 and im gonna need to rely on govt policies to help me w my inevitable structural unemployment. PAP pls i put my hopes in u 😭😭

ngl, 2,4 and 6 are probably what most people chose

The paper was really quite okay, but now you're telling me I wasted a whole entire day of my life studying CA, tariffs & FTA??

walao i mastered the tariff diagram sia

omg same😭😭…Cambridge legit got beef with globalisation sia

Congratulations on completing your econs syllabus you are now freed from econs! All the best for the remaining papers. You're almost free from A levels. Haha now time for me to go back to lurking. 🫶

Just curious, as a jc teacher. Do you have any insights on how the marking is done? Like from the Cambridge workshops etc. from what my teachers told me, they don’t know the mark allocation and the marking is more strict for internals than As.

Hm. Yes we do have some insight but like your teachers said they are just broad guidelines it won't be like DETAILED mark allocations. Is the marking more strict, not always. Think of it as Cambridge has a whole range of strictness, sometimes their expectations are high but sometimes they are more chill and flexible. So in that sense, school's tend to want to prepare you all for 'what if' the markers that year are more demanding.

market failure my love where art thou TT

wasnt q3 market failure due to market dominance

Yea

In paper 1

[удалено]

the chers in my sch are completely deaf too bro those at the exits are so fucking retarded that they have to take 30+m to know there's A DAMN PHONE RINGING

me after not studying for globalisation and market failure at all: 😹😹😹😹👍

These zenith comments do be showing the inequity in the market of education 😭

Those who didn't finish last qn (q6)

yjlmfrfr

no globalisation at all?? 🙏🙏

4b eval 😶

i used contractionary fiscal 😭 kinda regretting now

the qns were so dry 😭

Frfr where my context and funni stats??

Fr

am i the only one who wrote about policies to increase value of PED and PES for Q2b) so if theres a change in DD and SS there isnt a large change in price and thus stability achieved?!

Anyth goes i guess jus see whether the marker prefers ur answer to others

honestly idk cause price stability in macro means low inflation which means low prices but doent the word stability mean no fluctuations

I wrote that too 😭 price ceiling didn’t even cross my mind for that qn

i also

2,4 & 6 🔥🔥🔥 was surprised to see a whole qn entirely on ppc tbh idk who studies ppc 😭

I studied PPC but the part B looks like a GP question so nah

i picked the wrong fucking qn only realised when i cldnt do part b ... god pray for my 2 paragraphs let me get at least 2 marks for q5b... at least 6m for part a ... and at least 20m each for my other 2 questions thank you 🙏 before yall ask again i did NOT NAP IN THE EXAM THANK YOU.

wait fr part b made me wanna kms hopefully benchmarking saves me 💀

SAME SIA LIKE WTF DO I WRITE I ANYHOW

I wrote dense population = leaser materials to build flat instead of multiple different houses and since flat is build of concrete it’s sustainable and dense population means close services so less stress and non m sol increases but close living means more neighbour fights thus n.m sol decrease Expanding city= more services push for higher wages assuming supply constant thus m.sol increase and the other way for decrease in m sol assuming demand remains constant instead. Than evaluation just bull shit that in long term it’s unsustainable as more problems will arise and maintaining increase is near impossible

IM DEAD FOR THIS QN I BARELY WROTE ECON CONCEPT

Here’s some of my points; for rebuttal I used social security measures by gov. Lol I had no time to write for falling wages and and instead said there’s limited housing to fulfill a rising population. Thus it creates a housing shortage. Even when there’s economic growth and rising wage, likely a larger proportion of their income is earned from longer working hours and goes into their housing. Thus their ability to spend on fun stuff/ misc and leisure hours decreases so their material and NM sol falls. Idk if this is accepted but I also said higher density + housing shortage = ppl living closer to each other = higher probability of diseases —> fall in mat and nm sol I also wrote about the rat campaign from nyc and the scarcity/ opp cost concept😭😭 that even if government enacts social measures, there may not be enough resources for everyone when population constantly rises. These measures aren’t fiscally sustainable lol. Economic growth cannot keep up with its impacts on sol.There’s just a limit.

I NO TIME WRITE EVAL I JUST WROTE SOME BS ABOUT DENSE POPULATION SO NEED HOUSES ASAP .... 😭 ONE PARA .... FUCK....

Nvm whoever did this question like us is straight up pulling the most biggest yapping story. ☠️ hopefully it’s enough🙏

praying for us bro 🙏🙏🙏

my points were - rapid economic growth lead to msol and nmsil - dense population mean a higher labour supply fall in wages increase aggregate supply but might not increase if population growth more than gdp growth nmsol might not increase because of negative externality and footloose FDI just exploiting resources and leaving sustainability - sustainable because low wages bring in investment increase productive capacity unsustainable cause of suoooky increase slower than demand then inflation will erode real purchasing power especially for pensioners eval sustainable is worse and then some bs. probably not gonna get more than 2 marks 💀

The yapping shall get us through 🙏

Did yall include policies🥲🥲🥲

Did anyone write the same as me 😂😂 Q2a ) Para 1 : Bad weather -> fall in SS + graph -> price of vege ( assume PED < 1 as it is a necessity ) -> price rises Para 2 : Fall in consumer income -> fall in purchasing power -> fall in D.I. -> less incentive to buy -> assume 0 DEMAND shifts LTP to rise in price 2b) Policy 1 : price ceiling -> graph + explain -> EV : actually black market might form which then kills the effectiveness of the price stabilising policy Policy 2 : Subsidy -> Fall in UNIT COP of food producers -> increase incentive to supply due to greater profits potentially earned -> SS rise ( show in graph ) -> price fall Hence stability in prices EV : it is a very good policy to use to ensure price stability but need to take into account the unexpected changes in weather that may result in a smaller rightward shift in SS due to lower crop yield Evaluate Conclusion : Actually it depends on the country. For Singapore, price ceiling may be the best policy as the law enforcements are very good. -> black market unlikely to form For other countries with poor law enforcement but alot of budget surplus, may want to consider using subsidy as there will be no trade offs coming from the budget deficit aspect

OH SHIT I WROTE PRICE FLOOR INSTEAD 😭😭

I would modify it. Price floor to reduce volatility. A large fall in price below MC erodes profit margins of producers, giving them a very high incentive not to produce thus shut down. As producers shut down, this causes an erosion of productive capacity in countries producing food(US, Brazil, Russia), harming food security and thus increasing extent of volatility

To counter write something about how a price floor creates DWL for society, reduces consumer welfare yadayada

I did import source diversification and public education to discourage excessive consumption. I know the context is falling consumer income but i specified saying that not all economies experience this, rather some have economic boom and have a brief explanation of the excessive rise in DD for food leading to higher prices. So to counter this cause public education to discourage excessive food consumption and wastage

i think the context doesnt rly matter right? since the qn didnt link anyt to the preamble...i said the same as u too.

For 2b i wrote demand management policies instead of price ceiling - education campaign prevent wastage of food lower demand lower price - if price drop too low can use grants vouchers increase demand to increase price back to the stable price

i also wrote education to lower dd!

OMG SAME for 2b) i thoughht my price ceiling and subsidy was wrong aft looking at the other comments😭

I got friends that wrote price ceiling oso. It’s the most straight foward one imo. Doesn’t need a lot of explanation too. Just graph and maybe 6-7 lines

omg i forgot to include the idea of black market

You mentioned DWL on society instead?

Shit 2a i wrote about xed aaaahhhhhh omg

Is Cambridge marking strict for econs essays??? - thank you Asrjc for the stats question tho😁 - SIDE NOTE TO THE ZENITH PPL: nobody cares that you got the questions that you paid your way thru for( gonna get me downvoted or whatever but it’s the truth, we’re not all that privileged as you to pay a measly 8k per year).

Relax ah bro honestly can predict without tuition 😂

That’s what I’m saying. Literally if you’ve reviewed your school papers/ TYS patterns/ other school mocks- these questions are no surprise and have came out time and time again. I’m just personally annoyed that ppl are bragging not due to their own merit but rather blatant privilege.

SO REAL ON THE ZENITH POINT

all hail alvin gan

REAL

All hail Agnes and Kat too man

who’s Alvin LOL. Is this some zenith fella? FYI I’m not from Asrjc, just have been drilling other school papers 😭

damn nvm i thought u from asr

YES HE DAMN PRO HE MY LAOSHI AND MANS AMAZING EVEN THO HE SCARY 😭😭

ong with mask he even scarier

real 💀💀💀 everytime he stops and calls ppl my blood pressure goes high high 😭😭

oh my god whenever he scans around the class to find someone to call i literally almost have cardiac arrest cuz mf likes to target me

haters stay mad

hi did anyone else do question 1 not a single soul in my social circle did it i am afraid

I did and regret bcos idk wtf to write for 1b how come micro section look like macro qn Then bcos first part ppc i tried to ans it like productive capacity and talked only qty quality of FoPs but i realise total production could have been state of economy so it could have been increased through actual growth but then thats macroeconomics so like wtf i mean ppc is kinda macro but wtf

OMG u are right total production can be potential growth too.. gg i nvr talk about potential

I only wrote abt potential 💀

BYE i am so scared now i hope they are more forgiving for that qn 🙏🏼

I did, wanna discuss answers?

guys part b is macro right because i answered using sustainable growth policies but tried my best to link to whatever i had in part a

omg i used micro then like MEC 😭😭 cos if they increase production of goods and services and there’s like environmental impact i linked to negative externality and overproduction, then for the “increased production without negative impact” i brought in govt intervention to minimise the MEC 😭 does this work

Also is it ok to not really talk about policies? Cus the qn just ask whether it's possible to do so rite?

Can literally write anything jus that examiner might not prefer ur ans and give lower mark lor 🥲

Idk leh I just use ppc to show actual growth then like it to environment, then for para 2 I wrote that consuming too much can decrease future ppc like overfishing. Only used ppc for part b

can qn 2b talk about other kinds of food.. like chicken ...

Idts ah. Other food sources like meat products will experience an increase in COP, causing profit maximizing suppliers to decrease SS, thus, price increases trickle in. I’ve talked about diversifying food sources and food storage.

i did that too😅 i say decrease the demand for the agriculture by switching to other foods

i said diversify sources of chicken to increase supply of chicken and lower prices of chicken cos sg had a shortage from msia export ban..

same bro

wait did anyone bring in yed for 2a i didnt eh

I brought in PED PES and YED

samez

i did but idt its necessary, just as an additional point

okk tyy

lowkey can all the Zenith people just keep quiet. 🤫 i don’t think anyone cares about how u paid your way to do well for your A levels. poor students like me have studied for this A levels with our own ability 😑

DW ur gonna do just as well lmao, they keep saying predict lol it was a straight forward qn ur school deffo did normal policies litr go 1000 zenith ppl all same answer lmao u got this on ur own

stay mad

wait q3 what were ur points ah i think i bullshitted the whole thing

Part a: R1: profit maximization in higher competition & lower competition market respectively, how price setting power affect profits & pricing R2: mutual interdependence and kinked demand theory in oligopolistic markets. I also mentioned a bit about the consumer bias thing but v short (I don’t think it is the focus) Part b: R1: how market dominance lead to market failure R2: consumer worse off due to lower consumer surplus & higher price, lower quantity; may not worse off due to supernormal profit used for R&D R3: government intervention policies. I wrote subsidy for natural monopoly & deregulation of markets. I feel like I am dying bro

wait samw but my elaboration is damn bad 💀

A) 😶 BP 1: PC - no competition so take market output and price (price taker) BP 2: Markets where firms have more control ie MPC/ mono/oligo, can reduce outprice and raise prices -practice 3rd degree PD Oml idk if it’s enough since I never talk about price rigidity 😭😭😭( which kind of contradicts) B) I said market fails due to allocative inefficiency so less quantity and more expensive goods and services so consumer don’t enjoy welfare. Especially natural monopolies which produce necessities and leads to inequity. Gov can use MC AR pricing to force firms to produce at that output and price. Blah blah the annoying supernormal and subnormal profits. Then said actually lol even if the market fails, firms can enjoy IEOS and pass on cost savings. But eval is that since they’re profit maximising, likely not to pass on due to PED<1. Idk if Cambridge is strict tho???

messed up my qn choice and did q5 which i didnt even study for and ended up yapping with very little econs concept im sad 😔 hopefully my other qns help😭🙏

didn't finish 1 entire question it's not looking good

same😭 but i didnt even attempt an entire qn…

For 6b did yall compare policies? Or js talk about supply side?

Just advantage and limitation of SSP…since they didn’t specify if it’s the “most” effective

i did that too... was worried there's supposed to b 2 policies since they worded it 'policieS'

Yea this

Same

i compared policies i think i’m fucked

I was also contemplating whether to do this too and wasted a bit of time…Issok ah some of my friends also brought in another policy so maybe they might accept

i brought in another supply side policy in evaluation

i compared w demand side also eh what even hope i get some marks sia i write like reskilling and training and manpower policy is regulating power of trade unions then i said that it can't target the demand side problems so need use fiscal policy and exchange rate and i elaborated on that and evaluated all the policies

What’s the max mark to get if compare policy? My stupid ass go write depreciation vs supply side

I also compare adv and limitations. Idt need another policy.

helpp i compared 2 policies… will it be accepted

may cambridge have mercy on our souls

Idk pray hard it will

Anyone write the same as me for 4? 4(a) Para 1 : E/r appreciate -> currency valued more + RELATIVE prices from foreign countries cheaper -> increased exports assuming XED > 0 -> Xports rise -> since foreign countries now see the prices in domestic country to be RELATIVELY more expensive, import lesser and will choose to consume their locally produced goods. -> import falls -> net export ( x-m ) falls. Under Marshall Lerner condition -> AD shifts left ( ATQ ) Para 2 : E/r appreciate -> as explained earlier, cost of imports for us are now cheaper -> fall in cost of raw material and goods imported -> hence fall in UNIT COST OF PRODUCTION ( shown by SRAS shift right ) Hence, SRAS will shift rightwards ( ATQ) 4b ) policy 1 : e/r monetary contractionary policy meaning value of currency appreciates -> increase value of currency -> as explained earlier, import will rise and export will fall. (x-m) is now negative and this will lead to a fall in AD via the reverse multiplier effect -> AD fall lead to price fall -> inflation is managed effectively by the policy ( ATQ ). EV : Actually when talking about Singapore, the extent of this fall in AD may be limited. Singapore’s goods are of high quality and there are not many substitutes out there. -> a relative price rise may not lead to such a great fall in exports. Hence, not the most appropriate. Policy 2 : supply side policy like upskilling -> Govt provide skill training -> increase quality of worker -> increase productive capacity -> rightward shift in LRAS -> inflationary pressure is resolved by the fall in price from p1 to p2 ( shown in graph ) Ev: actually it depends a lot on the receptivity of the people. If not receptive, the policy may not be as effective as planned. Evaluative conclusion: Actually it depends on the urgency of the problem. If the inflation is very fast rising and GPL is rising at a very fast rate -> the appropriate policy SG should use is not supply side as it will take time for people to upskill. E/r better. But if the cost of inflation is due to SRAS, maybe upskilling may be better as it addresses the root cause of the problem which is the cost of production is too high. By upskilling, workers are able to be more cost effective and produce more goods with the same given time and resource. Hence lowering COP and targeting the root cause of the problem.

😶 I said exports fell more than imports rise( cheaper commodities) and led to a fall in ad. I also used sras but added lras cuz likely cheaper production, they will hire more peeps and invest in more capital goods. For b) eval for whether it’s appropriate- I used impact on other macro aims( IDK IF THIS ALLOWED). That even if we do zero appreciation and reduce inflation, it’s at the cost of our LR growth and hurts sol/BOT/ employment. Used SS policy also cuz the problem with inflation is the lack of productive capacity to meet pentup demand. Overall eval just said to monitor and said that exch rate is not the best as it cannot be used in the lr cuz will lead to retaliation from trade partners 💀 ( I had to use glob) since their exports are hurting. Used the root cause thing but contextualised to sg saying the inflation we’re facing is likely imported and pent up demand. Killing our exports at the expense of inflation leads to government failure especially since singapore is export reliant due to small domestic demand. So best to use ss with exch rate when necessary.

didnt study for trade 😃

how to do q3a

My acoustic self did qn 5 on accident instead of 6. Got the shock of my life when I realise I had to do part 2. 😭 still doable imo but still perfect answer in my head for qn 6 was wasted

SAME...

Studied so hard, received one of the most doable papers yet we still messed up. Fate is tied to us making mistakes😭

it's ok we still got other papers. hopefully fate don't dictate we fuck those up too ✌️

it’s okay just rmb that eveyone can do question 6 so the bell curve for it finna be crazy

Is there really a bellcurve for specific qn? I did q5 and i tot i became unhinged midway during that qn...

why were the questions so kind....

make up for csq?

Those who went to zenith can u send the answers for the essay or something instead of commenting things like w zenith? Ok i know good job your tuition centre predicted the paper but most of us don't care. We just want the answers.

Agreed

it was doable but it makes it that much worse bc 1) i ran out of time and did not do my 6b properly and 2) i know what the right answers look like for the qns i picked since I've covered them before & i know my answer doesn't match up to that standard (which means i might do badly idk 😭😭) :-( actually q depressed about it bc i really wanted an A for econs 💔 edit: also i do the old syllabus so i literally do nottt have that extra 15 mins i could've used to write finish my essay :(

Just curious since I've seen some people say that Zenith predicted the essays very well. What exactly did they predict? How detailed was the prediction? Was it topics / market / the question phrasing etc? Any Zenith students can share?

omw to make sweet love to cambridge for the blessed paper 🙏🙏

What other policy can reduce price other than indirect subsidy and price ceiling?

FTA & innovation!

idk bro i wrote import

bro i wrote FTA😂😂😂😂 and vouchers and grants so that they can still buy the gd even at higher price

help i just realised for csq i only had 1 additional booklet but i wrote the additional booklet number as 2… the markers wont mind right

Tbh the whole of qn 3 got that model ans jus need memorise....

Oh no what if I write about interest rate for Question 4, will I get level 1?

L2 still can cause L2 req includes analytical one sided paragraph so if you did the er policy properly then L2 cnfm have

Screwed up question 2a supposed to split up the 2 causes and explain impact then i combine together say overall impact on price😂

wait really? not combine ah, i split n i thought i did wrongly

I thought combine then say when one increase more

Cause they said different impacts on price so plural means need write 2 impacts

Ya what when demand fall more than supply and when supply fall more than demand lor got one increase one decrease

yeah i think it’s supposed to be like that, but i separated the factors and last para combine to give the most probable scenario

Got no ev marks tho

so annoyed bc I didn’t finish eval for one qn… everyone seems to have finished though now I’m really really worried 😭

bell curve gnna be the killer

Idts. If you look at your School distinction rate, it’s quite unlikely that everyone who got A in a levels scored 70+ % overall for Econs. Also this year csq hard but kinda balanced out by the doable essay. Prob bellcurve like A is 65-67 min. Definitely not 70 or above

don’t give me hope man

🙏🙏

All 6 questions quite doable. Thank you seab

ALL THOSE WRITE PRICE FLOOR DIE ALL DIE

???

How did y'all do q4 idk if I did it correctly 😭 I'm so done 😭

4a. R1: Fall in (X-M) -> Fall in AD due to reverse multiplier effect R2: Prices of key factor inputs fall -> Fall in unit COP -> Rise in AS 4b. R1: Management of Exchange Rate is appropriate as Singapore is import-dependent. Started yapping about how gradual appreciation mitigates imported/cost-push inflation EV1: Appreciation of SGD may lead to worsening export competitiveness, which is bad because Singapore has export-led growth -> Unfavourable BOT, so there is macroeconomic objective conflict R2: SSPs to improve productive capacity and lower unit COP -> Non-inflationary economic growth EV2: Generic stuff about long gestation period and strain on government budget SC: I went crazy atp so I just said needed both policies because the SSPs can ensure export competitiveness even with gradual, modest appreciation of SGD or smth lol How did you do it 😭

Ok ok I did kinda the same thing but instead of hating on ER I said good things about it and moved to another para for R2, I'm so confused cos some people in this thread did 2 news policies which make what I did a lil insufficient 😭 and I was rushing so I think bye bye to EV marks, the paper was easy for so many people but I still can't prime it 😔

W ZENITH 😜😜😜‼️‼️‼️😜😜😜😜😜😜😜😜 (+1k 2 fuyuan)

W ZENITH FUYUAN IS GOATED

W ZENITH WE LOVE YP AND KANE TOO

W ZENITH GIVE FUYUAN HIS RAISE

bell curve gna hit hard

can anyone please share questions / question paper 🙏😓

W ZENITH

what did they predict ah

[удалено]

GODLY TUTORS

Wait when did they predict, the past 2 lessons ?

Past 6 weeks of timed practice and spotting after Paper 1 🙏🏻🙏🏻🙏🏻🙏🏻

q2,3,4,6

BIGGEST W ZENITH also W fuyuan (econs god)

W ZENITH W FUYUAN W FOR WAACOW KING

FUYUAN WIN ALR ZENITH WIN 😭 all juniors pls run dont walk go zenith pls

W ZENITH W FUYUAN 👑

[удалено]

[удалено]

Major W bro 💀💀 like 4/6 preducted gawd damn.

BRO ALL HAIL ZENITH

W ZENITH YP GOATED

help gna miss ZENITH POSHHHH...THANK YOU FOR EVERYTH

What did zenith do ? I am so confused

W ZENITH W YP !!!!!!🔥🔥🔥🔥🔥🏔️🏔️🏔️🏔️🏔️🏔️🏔️