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Exam Technique Tutoring : https://forms.gle/owj1pwyGHyqTSjFZ9 Economics Group Chat : https://beacons.ai/udoecon About this video : This video is a full exam technique + walkthrough for the Edexcel A Level Economics Paper 1 (Micro) 2019 exam, where we go through the paper step-by-step and explain how to approach each question, how to apply the context properly, build clear chains of analysis and evaluation, and structure answers across the paper. Questions in the video: Section B 6(a) With reference to Extract A, explain the difference between a positive statement and a normative statement. (5) 6(b) With reference to Extract B, examine the likely benefits to consumers of the integration between BT and EE. (8) 6(c) With reference to Extract C, assess possible reasons why many ‘landline-only’ customers do not switch to a cheaper telephone provider. (10) 6(d) Discuss one likely reason for the rise in BT’s profit (Figure 2, Extracts B and C). Use a cost and revenue diagram to support your answer. (12) 6(e) Discuss methods of government intervention to protect consumers within the utilities markets, such as energy and telecommunications. (15) Section C 7. With reference to an industry of your choice, evaluate why wage differences exist within the UK labour market. (25) 8. With reference to an industry of your choice, evaluate why some firms engage in collusive behaviour. (25) Timestamps : 0:00 Section A 19:13 Section B 1:05:07 Section C Topics covered: Positive and normative statements, Integration, Consumer benefits, Consumer inertia, Switching behaviour, Profits, Cost and revenue diagrams, Government intervention, Utilities markets, Wage differentials, Collusion, Market structure, Evaluation and exam technique.
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