my teacher told us None of this. or anything from your example videos, or how to properly structure the 25 marker. It would have been a guaranteed fail without Dal, now i have a chance
I've just got out the exam and tax on sugar came up , thanks for the application it was really useful as I added the sugar figures in my essay ... thanks again 😅
As if I was able to use all the obesity facts AND the Mexico sugar tax in my exam today! ANDDDD nationalisation came up for Royal Mail!!! Thank you so much Dal, really pushed up my economics micro grade hopefully :D
@@kappastar4839 These videos were very important but other ways I revised include: (1) Went through the specification and made notes on all the topics, including drawing all diagrams etc. (2) completed plenty of practise papers and questions and made sure I was strong on each topic (3) Made a document with key facts, figures and examples [very important to include these for the A*] (4) Knew my strengths and weaknesses so I could select optimal questions if given a choice
When you get to Paper 3, could you a breakdown of Brexit as my teacher says it is highly likely that Brexit will come up and I think it might be on paper 3
Had no idea obesity had a cost over 5x that of cigarettes to the UK NHS (when at 3 bn)! Just shows all that cheap McDonalds etc really isn't cheap to the UK government and UK taxpayers. I thought cigarettes were far worse from all the negative publicity but I guess being fat is just as damaging on the inside as it looks on the outside.
what would be examples of when a market failure in the real world was solved by the market mechanism without the need for government intervention and what would be an example of when in the real world government intervention helped to correct the market failure?
Hi Dal Could it lead to government failure by taxing sugar? Because indirect taxes are regressive and therefore in the long run may increase income inequality. Is this policy myopia? P.S. love your videos
Sam Armstrong Government may lack the information on what certain percentage indirect tax should be at, which can effect the level of quantity demand as it can significantly reduces quantity demanded lower than the social optimum level creating a bigger market failure therefore cost being greater than benefits which leads to government failure.
just directly say it with confidence - 'Education costs the government £80billion per year'. as long as you are in the ballpark of the actual figure you will be fine
So for a "Discuss whether governments should intervene" type of question you make 2 paragraphs without evaluation for why they should intervene and then another two saying why they shouldn't? With no evaluation within the paragraph themselves?
![เปิด อาณาจักร หมื่นล้าน "สาระตั้ม" l [Nickynachat]](http://i.ytimg.com/vi/3XE0nPF4YkQ/mqdefault.jpg)
If I pass this subject, I'll share some of my long-run profits with you. You're doing a good job, keep it up. :)
What happened?
Could you do a video about how to structure a labour market and market structures essay, it would be really useful, Id really appreciate it
my teacher told us None of this. or anything from your example videos, or how to properly structure the 25 marker. It would have been a guaranteed fail without Dal, now i have a chance
Corvo Attano , same here buddy
Sugar tax was the 25 marker! Thank you so much this was so helpful for today 😊
Just did my Exam worth 70% of my grade and did really well because of all your vids, THANK YOU!!
IB
@@andrewdando2542 SL or HL?
Econ plus dal is hands down the best teacher out there
I've been watching your videos for nearly 1 year and I can say, you are a savior man.. thank you
HE'S ONLY GONE AND PREDICTED THE PAPER CORRECTLY, YOU WILL ALWAYS BE A GOD IN MY EYES DAL
Dal is bae.
The part about reducing demand for healthcare as a whole through the introduction of a private sector is gold... THANK YOU
nahh drop the insta 😭 down hurrendous
@@raqeebhaque she's not even leng u simp
Probably worth an evaluation mark to note that May costed the school breakfasts for kids at 7p per child...
Do a video on the Housing Market
I've just got out the exam and tax on sugar came up , thanks for the application it was really useful as I added the sugar figures in my essay ... thanks again 😅
This man can predict the future! Legend
As if I was able to use all the obesity facts AND the Mexico sugar tax in my exam today! ANDDDD nationalisation came up for Royal Mail!!! Thank you so much Dal, really pushed up my economics micro grade hopefully :D
What grade did you get ?
@@samizarroug2358 A* in the end, pretty much because of Econplusdal and being able to use the examples in this video 😂
@@callumjsc7244 what are you doing now
@@callumjsc7244 How did u revise other than watching these videos?
@@kappastar4839 These videos were very important but other ways I revised include:
(1) Went through the specification and made notes on all the topics, including drawing all diagrams etc. (2) completed plenty of practise papers and questions and made sure I was strong on each topic (3) Made a document with key facts, figures and examples [very important to include these for the A*] (4) Knew my strengths and weaknesses so I could select optimal questions if given a choice
Obesity came up in our exam! Thanks Dal, hopefully you can do the same for Macros?
Will you do one for 2018 Exams?
When you get to Paper 3, could you a breakdown of Brexit as my teacher says it is highly likely that Brexit will come up and I think it might be on paper 3
more likely paper 2- but more like a question on the EU itself.
This hurts me inside.
Ben Mills you're*
I owe you so much man. Thanks a lot. Sugar tax on point
Could u do one for 2022 please?
@econplusdal kindly explain what does the term 'correct price' mean, particularly when dealing with merit and demerit goods?
Thank you so much for the sugar facts!!!!!
Had no idea obesity had a cost over 5x that of cigarettes to the UK NHS (when at 3 bn)! Just shows all that cheap McDonalds etc really isn't cheap to the UK government and UK taxpayers. I thought cigarettes were far worse from all the negative publicity but I guess being fat is just as damaging on the inside as it looks on the outside.
you're videos are very helpful, thank you!
what would be examples of when a market failure in the real world was solved by the market mechanism without the need for government intervention and what would be an example of when in the real world government intervention helped to correct the market failure?
Can you make a video on the frequently asked exam questions for the most Important topics plz in Microeconomics
Anyone here from Economics Memes on Facebook?
Yh I'm gonna fail. Love u tho big man
did you fail?
You're a saviour
You legend Sugar Taxes turned up
PSSST ITS LOUIS HERE LOVING THE VID DAL
I AGREE
EconplusLegend
this was really really helpful! Thaaaank you!
Is this particularly intrinsic to theme 3? Is market failure likely to be a 25 marker?
How likely do you think Flood defences is as a question given it was a 20 marker in our AS exam last year?
no chance
James There's more chance of Jeremy Corbyn getting a majority in the General election.
you are a lifesaver
I don't know why governments include E-cigartes in stats. There is absolutely no information on long term damage of E-cigs.
THANK YOU
Sorry, I think i'm missing something, why are some in red and others in blue?
One is negative externalities and the other positive
Where do you get the data from Dal? I need a reference or something.
Ted Hendey saying "courtesy of econplusdal" would be sufficient for me
If you just type the stats into google it will come up with a site with something similar and you can take it from there I'd say
ONS?
Hi Dal
Could it lead to government failure by taxing sugar?
Because indirect taxes are regressive and therefore in the long run may increase income inequality. Is this policy myopia?
P.S. love your videos
Sam Armstrong Government may lack the information on what certain percentage indirect tax should be at, which can effect the level of quantity demand as it can significantly reduces quantity demanded lower than the social optimum level creating a bigger market failure therefore cost being greater than benefits which leads to government failure.
thanks mate
absolute classic
Do you there's time to explain and Evaluate 3 policies in a 25 marker?
Defren Kg probs not. You only need two well evaluated points
Snipezuki I thought it was 3 who told you 2 m
Kevin Fang 3 to play it safe but if you have good chains and diagrams you can get full marks with 2 well evaluated points
Where is info from? I can't really say in my exam, "according to econplusdal road congestion costs are £20 bn a year"
just directly say it with confidence - 'Education costs the government £80billion per year'. as long as you are in the ballpark of the actual figure you will be fine
So for a "Discuss whether governments should intervene" type of question you make 2 paragraphs without evaluation for why they should intervene and then another two saying why they shouldn't? With no evaluation within the paragraph themselves?
What is NHS stand for?
National health service
Hey dal just finished my unit 3 exam. I mentioned privatisation causes ecnomies of scalle in a 25 marker arrgh. Will they penalise me for this?
Did they penalise you?
Whos watching this for the eco exam tomorrow?
J Walhf I’m in Year 12 luckily 😂
Anyone A levels
Lol who hasn't done there exam. I did it ages ago lol
A2 students
6th of June ay