F581 OCR Economics May 18th

Original post by Clare1994

Not just you... How queer...

and now everything is back to normal?
is this a joke, tsr?

Reply 141

Original post by kris3332

2012 Jan-Cross elasticity
2011 May-Price elasticity of suppy
2011 Jan- Cross elasticity
2010 May- Price elasticity of demand
2010 Jan- Income elasticity

hmm i think its either going to be demand or income most like income

jan 2012-cross elasticity.

Reply 142

OP

Original post by nm786

and now everything is back to normal?
is this a joke, tsr?

mines still screwed lol

Reply 143

Original post by Clare1994

mines still screwed lol

press F5, it should be ok now,

Reply 144

OP

Original post by nm786

press F5, it should be ok now,

so it is how weirddd

Reply 145

tsrmcr

so... everyone reckons pollution permits will come up on the 18 marker?

Reply 146

OP

Original post by tsrmcr

so... everyone reckons pollution permits will come up on the 18 marker?

quite a few people seem to yeah

This was posted from The Student Room's Android App on my GT-S5570

Reply 147

kris3332

I was wondering can somebody give me the possible topics that an 18 marker can come up in

Reply 148

patra

When would supply and demand both change? X

This was posted from The Student Room's iPhone/iPad App

Reply 149

FuLLuPMepOrtION

13

Original post by eawilliams

Well, I was talking to my teacher and she pointed out that Elasticites (The rise in tuition fee's for example) and Business relevance hasn't come up as an Essay for a long time, she also said it could be on Negative Externalities such as Pollution.

I've been answering chapter review questions my teacher made, they're really good at gathering all the information and you can find out the specific topics you need to practice, if you wan't please ask :smile:

If you have any for F582 that would be awesome? :colondollar:

Reply 150

milliconcarne

9

Original post by kris3332

I was wondering can somebody give me the possible topics that an 18 marker can come up in

They're usually to do with market failure.
Past questions;
Jan 2009 - Discuss whether govts should subsidise food prices
Jun 2009 - Discuss whether taxation is the most effective solution to market failure arising from neg. externalities
Jan 2010 - Discuss whether healthcare in the UK should be provided by the govt or the private sector
Jun 2010 - Discuss whether indirect taxes on petrol and diesel fuel in the UK should be reduced
Jan 2011 - Discuss whether regulation is the most effective way of correcting market failures such as those arising from increasing carbon emissions
Jun 2011 - Discuss the extent to which a subsidy given to producers might encourage an increase in the consumption of a product such as pu'er tea which generates neg. externalities
Jan 2012 - Lines 19-28 give four ways in which the market failure arising from discarded chewing gum might be corrected. Discuss which of these ways might be the most effective in correcting this form of market failure

I find that the best way to get a high mark on the 18 mark questions is to;
Define the factors in the question (e.g. subsidy/taxation/market failure/externalities etc) and then draw the relevant diagram, linking it back to the question when you do. Then describe the advantages, disadvantages, other points and any alternative solutions. My teacher then tells us that to get into the 17/18 mark area, we should give our own opinion towards the end.

Reply 151

LifeRocks000

Original post by tsrmcr

so... everyone reckons pollution permits will come up on the 18 marker?

when talking about pollution permits what would the alternative be?

Reply 152

OP

Original post by LifeRocks000

when talking about pollution permits what would the alternative be?

Regulation where firms can only produce so much emission, however there's less incentive for firms in investing in ways to become more efficient. Although technically permits are a form of regulation.

Reply 153

mimx

14

Original post by kris3332

I was wondering can somebody give me the possible topics that an 18 marker can come up in

See:

Original post by mimx

The only topics for 18 markers are:

Taxation
Subsidies
Tradable Pollutions Permits
Regulation
Government Provision
and technically Provision of Information, but that seems a bit thin for an essay, though they can combine them.

It's always about these things effectiveness in countering market failure.

Reply 154

bionicmooseknuckle

whats happenin mother bitches? i seen the paper cos im a mothertrucking education professional and i can tell you now. the 18 marker is all about happinomics. so if your nursing a semi in the exam later, enjoy!!
i love you kids and thats why i love you
xoxoxoxox

Reply 155

OP

Original post by bionicmooseknuckle

whats happenin mother bitches? i seen the paper cos im a mothertrucking education professional and i can tell you now. the 18 marker is all about happinomics. so if your nursing a semi in the exam later, enjoy!!
i love you kids and thats why i love you
xoxoxoxox

Rightttttttt....

Reply 156