24h Passed, How was economics ppr2 ?

[Naz.28]

Hey guys what did you think of the economics paper??

[interfan123]

variant 1 was pretty good, i messed up on the elasticity question of the 3 values believe it or not?! :O but i think i nailed everything else, which essay question did you choose?

[kyle_xie]

varient 2 was not hard either...most of the winner's prediction was corret.

[interfan123]

he made himself so unclear whether it was variant 1 or 2. i studied his topics and NONE came on variant 1 -.-

[Lovee]

winner didnt predict right -.-

he said bop and exchange rate was coming out but there was nothing on it for variant 2. In other words, his prediction for this exam kinda failed.

[Naz.28]

i did varient 2, most of it was inflation.

i chose the last essay question with the graphs.
but i messed up on the graphs, but everything else was ok.

[The Fardeeno]

Stop blaming him, why didnt you study yourself instead of relying on just a regular guy on the internet?

His predictions about variant 2 were alright, what more could you ask?

[zwaliji]

it was bad!!!!!!!!

[melony]

variant 1 was pretty good, i messed up on the elasticity question of the 3 values believe it or not?! :O but i think i nailed everything else, which essay question did you choose?

third question, (a) "the free market price is determined by the rationing and allocating system" explain how this works [8]
(b) the government provides some goods directly in the market, explain why [12]

i even remember most of it lol!

[***exam***]

PAPER was damn easy esp the essay part !!!!!
i take variant 2 !
i didnt knida know the CPI that is case study ! 

[melony]

PAPER was damn easy esp the essay part !!!!!
i take variant 2 !
i didnt knida know the CPI that is case study ! 

same for varient 1!!.. But that just means the grade boundries for A's will be sky high!

[Flip]

For public goods, is it right to say that they are underproduced because producers find it difficult to exclude non-payers? Or is that not one of the points i should've written? If so, how many marks would that cost me in a 12 mark essay? I also forgot to mention the 'free-rider' problem but said something about non-payers.

I mentioned the non-rivalry and non-excludability factors and generally said that National Defense was better than Public Parks in terms of priority of the government and an example of a public good.

Is that remotely right?

[Freaked12]

For public goods, is it right to say that they are underproduced because producers find it difficult to exclude non-payers? Or is that not one of the points i should've written? If so, how many marks would that cost me in a 12 mark essay? I also forgot to mention the 'free-rider' problem but said something about non-payers.

I mentioned the non-rivalry and non-excludability factors and generally said that National Defense was better than Public Parks in terms of priority of the government and an example of a public good.

Is that remotely right?

i Did another variant but my friend did this
You had to analyse according to your own country
for example in Pakistan some of the public parks are charged this means that it exclude some of the payers and therefore defense is a more suitable option

that depends on the examiner my friend for the first question
Good luck!

[***exam***]

yeah i think that fine !

[Freaked12]

i Did another variant but my friend did this
You had to analyse according to your own country
for example in Pakistan some of the public parks are charged this means that it exclude some of the payers and therefore defense is a more suitable option

that depends on the examiner my friend for the first question
Good luck!

By the way
Its not exactly underproduced,market doesnt provide them at all .So you are part right.