Economics Paper 22

[MahnoorDab]

question was : discuss why a government might choose to run a private good like train travel.
i gave the introduction of private good
then private sectors approach towards the project and goverment's approach
i gave the example of how there would be over production or under production if externalities exist if controlled by a private sector but government pricing would include all that
i explained private sector might involve in monopoly
oh god i forgot to explain government's weaknesses like it may not be an expertise
probably get a 7

Hey we also hd to write about public goods in the question didnt we? Because a government will think of producing the public good? Im so scaredddd. I messed this question up :/

 

[Tahsin Shadman]

I think the paper was ok....wrote sm points discussed above..
Expectin a gt between 28-30

 

[ibadsiddiqi]

I think the paper was ok....wrote sm points discussed above..
Expectin a gt between 28-30

GT will be lower than that..i know the paper was really easy but so were a lot of previous papers..particularly nov 2011 and the GT of nov 2011 was 23!..

 

[Mattman]

i wrote china had comparative advantage in many goods and services and relative inflation rate was less in china compared to other countries.is this correct?

The question said suggest so i guess its correct

 

[MArnirp]

i got confused about that question !!! recession means what !!!????????????

 

[Nisrit Pandey]

I think the paper was ok....wrote sm points discussed above..
Expectin a gt between 28-30

dont talk stupid the grade threhold would be 23 - 24! till now highest is 27! it was comparatively difficult

 

[Nisrit Pandey]

I have the same doubt. Recession and its effects are part of the A2 portion, don't know how they asked such a question in paper 2.

the recession question was easy! we just made it difficult by thinking too much

 

[Mattman]

Anyone did 4b??

 

[Nisrit Pandey]

nope

Anyone did 4b??

 

[aamir9010]

Hey we also hd to write about public goods in the question didnt we? Because a government will think of producing the public good? Im so scaredddd. I messed this question up :/

yup you also need to write about public goods.

 

[Nisrit Pandey]

yup you also need to write about public goods.

yeah we need to write a little about public goods as well

 

[MahnoorDab]

yeah we need to write a little about public goods as well

OH THANKGOD

 

[mhalvi]

Anyone did 4b??

I did qs.4,although was short of time in part b

 

[junaidaftab]

We didn't have to write about public goods because the stem of question clearly mentioned the following phrase: "Why would a government intervene in the provision of private goods."

 

[Mattman]

I did qs.4,although was short of time in part b

Oh same i only wrote 1 page
the problems associated with the 2 scenarios
then 2 paragraphs on why both problems have benefits
conclusion

Whats your awnsers for it?

 

[Nisrit Pandey]

Oh same i only wrote 1 page
the problems associated with the 2 scenarios
then 2 paragraphs on why both problems have benefits
conclusion

Whats your awnsers for it?

i gave an example that it can sometimes be expressed as quasi public good

 

[KinG KhAn 12]

did anybody done q4 that was about govt intervention on stable exchange rates and inflation?

 

[KinG KhAn 12]

GT would be 22-25

 

[Nisrit Pandey]

GT would be 22-25

i am also hoping the same

 

[AdeelRox]

In q4b) Which exchange rate system is associated with 'stable exchange rates?" I argued for fixed exchange rate with proper graphs and advant and disadvant as the generic meaning of stable is firmly fixed.
Pls reply..?