Results are out! Find what you need...fast. Get quick advice or join the chat
Hey there Sign in to join this conversationNew here? Join for free

OCR Economics F585 June 2012

Announcements Posted on
Applying to Uni? Let Universities come to you. Click here to get your perfect place 20-10-2014
    • 1 follower
    Offline

    ReputationRep:
    ^ why would you draw a tariff diagram, if the question asks about a quota?
    • 1 follower
    Offline

    ReputationRep:
    (Original post by Bwob)
    ^ why would you draw a tariff diagram, if the question asks about a quota?
    because doesn't it have the same effect? Qouta/ tarrif diagram same thing?
    I just call it tariff diagram. Although I would explicitly be referring to qoutas.
    • 1 follower
    Offline

    ReputationRep:
    (Original post by NewCrack)
    because doesn't it have the same effect? Qouta/ tarrif diagram same thing?
    I just call it tariff diagram. Although I would explicitly be referring to qoutas.
    A tariff would limit the price level, a quota would limit the quantity.
    • 0 followers
    Offline

    ReputationRep:
    Would anyone be able to explain why inflation in China may have more advantages than disadvantages? Don't have my APT/Extracts on me, but I'm sure it said somewhere about this.

    I don't see how there are more PRO's - China relies on low labour costs etc. to attract FDI, so surely a rise in inflation -> wage price spiral -> higher LC -> less competitive abroad is not what China want?

    Also, is it right to say China have a comparative advantage in cheap labour? Would it be wrong to say they have a comparative advantage in Rare earths too - because 'rare earths' aren't actually rare and can therefore be extracted by other countries. It's only the efficiency of the extraction which prevents countries from mining their own.

    Cheers
    • 1 follower
    Offline

    ReputationRep:
    (Original post by Placebo101)
    A tariff would limit the price level, a quota would limit the quantity.
    oh
    • 0 followers
    Offline

    ReputationRep:
    I actually find this module quite interesting, despite the fact that there is a lot to learn its not too difficult. Not sure if anyone else watched this but it was on bbc2 last week, a good programme about the labour battle between the UK and China:
    http://www.bbc.co.uk/iplayer/episode...ina_Episode_2/

    Also I've been going through the stimulus and looked at extract 4, any suggestions for the 20 marker and how to structure it? Any help is appreciated
    • 0 followers
    Offline

    ReputationRep:
    I also found this on the Economist website, relating to extract 2:
    http://www.economist.com/node/21553041
    • 0 followers
    Offline

    ReputationRep:
    Do we need to memorise the 3 models of development? e.g the Lewis model or is that insignificant?
    • 3 followers
    Offline

    (Original post by Hapiness-)
    Do we need to memorise the 3 models of development? e.g the Lewis model or is that insignificant?
    I haven't seen the Lewis model in the OCR textbook. What are the other two models you mention?
    • 0 followers
    Offline

    ReputationRep:
    (Original post by Groat)
    I haven't seen the Lewis model in the OCR textbook. What are the other two models you mention?
    Lewis 2 sector model,Rostow and stages of production.
    Oh well its probably not on the specification then if its not in the textbook.
    • 4 followers
    Offline

    ReputationRep:
    Anyone help me with
    'discuss the extent to which the emerging dispute over chinas rare earths export ban is likely to lead to sustainable development in china.'
    Any comments would be useful
    Thinking maybe starting the essay talking about quotas a bit but not sure.
    • 3 followers
    Offline

    (Original post by Clare1994)
    Anyone help me with
    'discuss the extent to which the emerging dispute over chinas rare earths export ban is likely to lead to sustainable development in china.'
    Any comments would be useful
    Thinking maybe starting the essay talking about quotas a bit but not sure.
    Just my opinion, but I can't really see this being a question. There is no direct link between placing a quota on rare earths and sustainable development.

    The quota will simply slow down resource depletion. Beyond that, it is up to Chinese government to focus on sustainable development.
    • 1 follower
    Offline

    ReputationRep:
    Awww man I would be bashing this revision thread and revising economics in general if I didn't have to focus so much on my maths exams. I think I will have to learn everything in a half week before the exam, only need 40% but want 80% for the star. Feels bad! Maths should be worth more UCAS since you do more exams lol
    • 4 followers
    Offline

    ReputationRep:
    (Original post by Groat)
    Just my opinion, but I can't really see this being a question. There is no direct link between placing a quota on rare earths and sustainable development.

    The quota will simply slow down resource depletion. Beyond that, it is up to Chinese government to focus on sustainable development.
    But it's not about quotas? It's about them banning the export all together of some rare earths in 2015...
    • 3 followers
    Offline

    (Original post by Clare1994)
    But it's not about quotas? It's about them banning the export all together of some rare earths in 2015...
    Which is effectively a quota. That doesn't answer the question on how restricting exports will lead to sustainable decelopment.
    • 4 followers
    Offline

    ReputationRep:
    (Original post by Groat)
    Which is effectively a quota. That doesn't answer the question on how restricting exports will lead to sustainable decelopment.
    well it does because if you restrict it then it helps to lower pollution which affects the environmental objectives of sustainable development.
    Plus the ban could be said to lower their chances of sustainable development as they'll be hogging the resources with could therefore infact lead to a increase in environmental damage and lowering their chances of sustainable development.
    Also as they're non-renewable the resources won't be there for those who may need them in the future.
    • 3 followers
    Offline

    (Original post by Clare1994)
    well it does because if you restrict it then it helps to lower pollution which affects the environmental objectives of sustainable development.
    Plus the ban could be said to lower their chances of sustainable development as they'll be hogging the resources with could therefore infact lead to a increase in environmental damage and lowering their chances of sustainable development.
    Also as they're non-renewable the resources won't be there for those who may need them in the future.
    Hmm. It still doesn't seem like a direct link in my opinion - the dispute will lead to less depletion of rare earths, but won't affect any other resources which are being drained. The effect on sustainable development will be marginal unless China start to focus on investing in health, education, etc.

    I'm not saying your points are invalid, it just seems to me that this question has very little analysis and all the points are evaluative.
    • 4 followers
    Offline

    ReputationRep:
    (Original post by Groat)
    Hmm. It still doesn't seem like a direct link in my opinion - the dispute will lead to less depletion of rare earths, but won't affect any other resources which are being drained. The effect on sustainable development will be marginal unless China start to focus on investing in health, education, etc.

    I'm not saying your points are invalid, it just seems to me that this question has very little analysis and all the points are evaluative.
    Guess it depends on how you look at it although it's a good point that other factors will need to be paid attention to rather than just the effect of the use of rare earths but it can still play a part in them trying to achieve sustainable development. But guess it's all these kinda points that need to be put into a essay and be evaluated can't just ignore points you don't necessarily agree with lol
    • 3 followers
    Offline

    (Original post by Clare1994)
    Guess it depends on how you look at it although it's a good point that other factors will need to be paid attention to rather than just the effect of the use of rare earths but it can still play a part in them trying to achieve sustainable development. But guess it's all these kinda points that need to be put into a essay and be evaluated can't just ignore points you don't necessarily agree with lol
    Of course, I love writing about things I disagree with.

    But normally with the twenty mark questions, OCR set an essay which has an obvious mechanism. For example with Discuss the view that greater openness to international trade is the key to promoting economic and human development. there is a clear mechanism between trade and economic development, with the evaluative points revolving around whether openness is the key to promoting it.
    • 4 followers
    Offline

    ReputationRep:
    (Original post by Groat)
    Of course, I love writing about things I disagree with.

    But normally with the twenty mark questions, OCR set an essay which has an obvious mechanism. For example with Discuss the view that greater openness to international trade is the key to promoting economic and human development. there is a clear mechanism between trade and economic development, with the evaluative points revolving around whether openness is the key to promoting it.
    Oh IDK! I just do what my teacher says! haha

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: March 29, 2014
New on TSR
Article updates
Reputation gems:
You get these gems as you gain rep from other members for making good contributions and giving helpful advice.