Past paper questions relevant for the study of Subject SA7

Discussion in 'SA7' started by Colin McKee, Oct 15, 2018.

  1. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    The following pdf contains a list of past paper questions from Subject SA5 and Subject SA6, which are relevant for those studying the new Subject SA7. The list of questions and the comments can only act as a guide based on a tutor's personal understanding of how Subject SA7 questions will be written and the subject matter that will be tested.

    Attached Files:

  2. Georgie Davies

    Georgie Davies Made first post

    Hi Colin
    Page 3 SA6 Qs has Sept 15 and Apr 16 repeated. Just want to double check, should the second Sept 15 and Apr 16 rows be ignored?
  3. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    Ahh yes. It seems some lines have been repeated. I have attached the corrected version (not checked). The key is that most questions are fine but the 4th question in Sept 15 was about the Scottish independence vote which is very outdated now.
  4. Julian2788

    Julian2788 Made first post

    Hi Colin

    On the September 2018 question paper, there is a 32 mark question on Private Debt. This was touched on in ST5, but not in close to as much detail as is asked in the question paper.

    Was this previously in the syllabus, or were you supposed to answer based on own knowledge?
  5. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    Yes I agree. this was a tough question, written by someone that had a lot of hands-on experience of private debt. A lot of the marks you could get just by knowing that private debt is:
    illiquid with no secondary market, and therefore
    has a return premium above quoted and marketable debt
    requires a lot of internal credit rating work and legal diligence
    is reasonably long term (up to 10 years)
    more expensive to have managed by a professional fund manager.

    But I agree there is also a lot of detail in there, much of which typical students would not have scored well on unless they had worked in the private debt field. The examiner also gave credit for ideas related to infrastructure characteristics which is another branch of private debt (even though its mentioned as something to potentially compare private debt to), so the mark scheme doesnt show all the marks that would have been available. SA7 is often marked quite flexibly.

    PS - no, there was no additional core reading in SA6 prior to this question.
  6. Chee Lim

    Chee Lim Made first post

    Hi Colin, I am looking to sit SA7 this coming September. Given that SA7 is a new subject, the past papers for SA5 and SA6 might both be applicable (and hence, double workload?). May I know how was the experience with the SA7 sitting last sitting? What kind of preparations would be beneficial other than the Core Reading? Would I need to browse through the Financial Times for the past 2 years? Given that SA7 is a new subject, the past papers for SA5 and SA6 might both be applicable (and hence, double workload?).
  7. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    It is certainly true that both SA5 and most of SA6 feed in to the new SA7 exam. Most of the recent SA6 papers are relevant but only a few questions from past SA5 papers are relevant, so it is not double the workload you will be glad to hear. I have put a grid on the FAQ thread of the ActEd discussion forum showing which questions I believe are relevant from the past papers. It is useful to have a good idea of the big topics that have been in the economic and political press over the past 2 years but it is not necessary to browse through past press articles (or at least it has not been in the past). If you have been aware of the general economic environment and can argue on interest rate changes, QE, BREXIT, ... then you will be fine for SA7. The results for the April sitting have not been published yet so I cannot comment on how the exam compares to previous exams. I hope this helps.
    Last edited: Oct 28, 2019
    Anran likes this.

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