[tornzy]

(Original post by Redolent)
Do you mean you answered the question without referring to the bus industry? I think that might be different because "bus industry" implies a very specialised approach is needed whereas "consumers and producers" seems a lot more general

Nope - I talked about the advantages and disadvantages of deregulation of the bus industry, but I didnt talk about whether it would be beneficial

[tornzy]

(Original post by Mani Katti)
I did repeat myself so much in part 4)a :L. Ironically I didn't choose 2 because I thought I'd repeat myself in the a) part too much xD. The forecasting wasn't the best essay title in the world but it was at least less repetetive than derived demand >.>. I think we got vaguely similar answers, except for the 2 mark market concentration one where I did the calculation of 20.1% and explained that this would increase the overall conentration ratio and decrease contestability rather than state the new place...hope what I did was right D:.

I don't understand how to actually do well in F585, it seems to be so arbitrary that it just boils down to good luck with the stimulus and the questions on the day being ones you've done to at least some degree beforehand...

I did F585 in January, however i only got a B, as I only scored 12/20 on my Discuss question. My advice to you is to make sure that you understand the pre-release in depth, so you're prepared for any question that comes up. The questions for Global are in the format:

1.a) 4 Marks - Distinguish/Define...
b) 6 Marks - Analyse...
c)10 Marks - Comment On...
2. a) 4 Marks - Define/Distinguish...
b) 6 Marks - Analyse/Using a Diagram, Analyse...
c) 10 Marks - Comment On/Comment whether...
3. 20 Marks - Discuss...

Do you also have the tutor2u economists toolkit? If so, try to do ALL of the questions inside it and also read the toolkit in depth too.

Also, the wording of the questions in f585 are really complex and a lot of the times hard to understand, which is why many people drop marks on this paper, so try and look at past papers on the OCR website so you get a feel of what the questions were like.

Thats my only advice to you, but good luck!

[Redolent]

(Original post by tornzy)
Nope - I talked about the advantages and disadvantages of deregulation of the bus industry, but I didnt talk about whether it would be beneficial

Strange, I would've thought if you cover advantages and disadvantages of something and then make a good conclusion on it, it's automatically a conclusion about whether or not that thing is beneficial overall (since 'beneficial' and 'advantageous' are pretty much the same thing)...

We'll see when the results come out, need to get going with other revision now (and sleep). Good luck with your result, and the same to the rest of you

[tornzy]

(Original post by Redolent)
Strange, I would've thought if you cover advantages and disadvantages of something and then make a good conclusion on it, it's automatically a conclusion about whether or not that thing is beneficial overall (since 'beneficial' and 'advantageous' are pretty much the same thing)...

We'll see when the results come out, need to get going with other revision now (and sleep). Good luck with your result, and the same to the rest of you

Yeah I know, you would think they were the same thing wouldnt you? Yeah, Ive got tons of work to do now, so Ill leave you to do yours. Good luck with all your exams too

[kingshan16]

Done people get like 5 marks for growing the monopoly graph and definition?

[OnimushaGTA]

Grade boundaries prediction?

I'm thinking around 43ish for an A?
They have always been low for this paper in June, but I don't know!

[mspmsp]

Am I right in thinking for question 3a that you would get 9 marks for the correct diagram (short and long run) with no explanation? Just going on a mark scheme for a monopoly question that came up in 2010.

[kingshan16]

(Original post by mspmsp)
Am I right in thinking for question 3a that you would get 9 marks for the correct diagram (short and long run) with no explanation? Just going on a mark scheme for a monopoly question that came up in 2010.

Hope so because I did both long run and short run proper explained them and did all the characters and evaluation. So hopefully we should be able to get 10+

[mspmsp]

(Original post by kingshan16)
Hope so because I did both long run and short run proper explained them and did all the characters and evaluation. So hopefully we should be able to get 10+

Yeah so did I. Went on to explain 3 characteristics, probably about a paragraph for each but I couldn't see any need to evaluate so that's all I did. Like some people have already said, I'm just worried if I've described more so than analysed but fingers crossed anyway!

[kingshan16]

I kinda realised i forgot to talk about prices discrinition by monopoly how it benefits leisure travels but not those who go to to work. Crap man. Under exam pressure your mind just goes man.

Can some tell me if i put capital cost as a fixed would that have been right?

[Helendd]

Did anyone do question two?


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[cricket66]

(Original post by Helendd)
Did anyone do question two?


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yeap

[Helendd]

(Original post by cricket66)
yeap

How did you approach the question? Because it said market failure in transport markets not transport use so I was a bit confused.


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[cricket66]

(Original post by Helendd)
How did you approach the question? Because it said market failure in transport markets not transport use so I was a bit confused.


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well in order for there to be market failure, there has to be a market. transport economics in general focus' on different markets for different modes, ie demand and supply for road use. from there on it can just be treated like any market failure question. externalities arise (there are many that you could list); draw externality diagram; explain workings of a subsidy; public transport is a substitute for polluting private transport (mainly car use); therefore reducing the price of pub. transport in theory detracts demand from 'bad' transport systems. optimum levels are consumed and hey presto, market failure solved! then its just evaluating, ie negatives such a opp. cost, XED being inelastic, alternatives etc etc!

[Helendd]

(Original post by cricket66)
well in order for there to be market failure, there has to be a market. transport economics in general focus' on different markets for different modes, ie demand and supply for road use. from there on it can just be treated like any market failure question. externalities arise (there are many that you could list); draw externality diagram; explain workings of a subsidy; public transport is a substitute for polluting private transport (mainly car use); therefore reducing the price of pub. transport in theory detracts demand from 'bad' transport systems. optimum levels are consumed and hey presto, market failure solved! then its just evaluating, ie negatives such a opp. cost, XED being inelastic, alternatives etc etc!

ah okay, yeah I put some of that in. I said that there was a market failure because of the negative externalities arising from transport such as congestion, pollution ect. But then i drew a positive externalites diagram and explained how individuals are unaware of the social benefits of public transport such as decreased journey times and therefore the govt needs to solve the information failure too. Do you think that was alright to say? Also because I was confused and didn't know how to approach it, i concluded with that the govt needs to subsidise public transport in order to ensure allocative and productive efficiency is achieved in the transport markets so that price is equal to marginal cost so consumers' welfare is maximised. Then i just said stuff like it depends on size of subsidy ect.
Sorry about the long response - i am way too paranoid haha!

[Andrew1994]

What about the 15 mark question for q2, what did we need to talk about? I drew a road pricing diagram and spoke about COBA too (I meant CBA though, I wasn't talking about the computerised model but does that matter?)


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[cricket66]

(Original post by Helendd)
ah okay, yeah I put some of that in. I said that there was a market failure because of the negative externalities arising from transport such as congestion, pollution ect. But then i drew a positive externalites diagram and explained how individuals are unaware of the social benefits of public transport such as decreased journey times and therefore the govt needs to solve the information failure too. Do you think that was alright to say? Also because I was confused and didn't know how to approach it, i concluded with that the govt needs to subsidise public transport in order to ensure allocative and productive efficiency is achieved in the transport markets so that price is equal to marginal cost so consumers' welfare is maximised. Then i just said stuff like it depends on size of subsidy ect.
Sorry about the long response - i am way too paranoid haha!

freaky, i also put a positive externalities diagram! but then i thought i should focus more on negative externalities. I think that's a very relevant way of approaching it, especially with reference to efficiency. conclusions alone are worth 2 marks i think

[cricket66]

(Original post by Andrew1994)
What about the 15 mark question for q2, what did we need to talk about? I drew a road pricing diagram and spoke about COBA too (I meant CBA though, I wasn't talking about the computerised model but does that matter?)


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as far as i'm aware, the focus of the question was specifically on the methods used by economists, not the government. hence talking about shadow pricing, compensation criteria etc. but there's more than one way to skin a cat

[Helendd]

(Original post by cricket66)
freaky, i also put a positive externalities diagram! but then i thought i should focus more on negative externalities. I think that's a very relevant way of approaching it, especially with reference to efficiency. conclusions alone are worth 2 marks i think

Ah okay, hopefully we'll have both done alright! The fifteen marker I'm sure has come up before as a twenty marker too - it seemed really familiar. Is this your first time taking the exam or a resit?


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[OnimushaGTA]

Thoughts on grade boundaries?


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