F584 Transport Economics June 2012

In my opinion,

SECTION A was wierd, especially that 2 mark question about market concentration

SECTION B - Couldnt have been happier

Overall, I thought it was an okay exam, perhaps slightly harder than Jan 2012. How did you guys find it? Grade boundary predictions?

What did you guys write for the question on deregulation?

In my opinion,

SECTION A was wierd, especially that 2 mark question about market concentration

SECTION B - Couldnt have been happier

Overall, I thought it was an okay exam, perhaps slightly harder than Jan 2012. How did you guys find it? Grade boundary predictions?

This! What question did you do from Section B?

I reckon it'll be around 43 for an A, 38 for a B etc.

I did question 3

Yeah, Im also hoping that the grade boundaries will go down too, as I reckon i made a few silly mistakes

What did you guys write for the question on deregulation?

Same. I feel like my 15 marker was a bit vague even though I explained most of the characteristics of monopolistic competition and drew the normal and supernormal profit graphs. My 20 marker felt a bit better though.

Section A was odd so I'm with you on the boundaries!

I thought section A was pretty good.
For the 2 mark question, i wrote that if the two airlines merge, they will have a new market share of 20.1% This means that they will have the second largest market share in the airline industry after British Airways, who have 37.4%.

wait... was the deregulation question just on the airline industry or all transport?!

I'd give three main points that you clearly analyse (usually mark schemes say 2 but to be safe give three as you have time and one of your points might not be as strong). That example is good, remember to apply it to transport (e.g. arising from congestion or what have you) and perhaps expand a bit on the cost of pollution (e.g. health or environmental effects). That depends however on whether the question focuses exclusively on negative externalities or whether this forms only part of a bigger point on another topic.

Generally I don't conclude 15 mark questions because there's usually nothing to say that you haven't already said and you don't get any marks for structuring your answer on 15 mark questions AFAIK. It should be quite developed - you have about 30 minutes to write it so you have plenty of time to get some depth into your points.

Hope this helps.

It said 'Such as the EU's Open Skies Policy', this means that you didnt just have to write about the airline industry - you also coulda writ about buses, rail, etc

In my opinion,

SECTION A was wierd, especially that 2 mark question about market concentration

SECTION B - Couldnt have been happier

Overall, I thought it was an okay exam, perhaps slightly harder than Jan 2012. How did you guys find it? Grade boundary predictions?

gahh how many marks would I have lost only writing about the airline industry?

I wrote this for diseconomies of scale:
- Diseconomies of scale is the causes of an increase in long-run average costs beyond the point of the minimum efficient scale.
- Problems of communication as a result of more employees.
- Problems of coordination when an airline expands because it is more difficult to manage.
- Mork workload for employees and possibilities of industrial actions.
- The airline itself my not be productively and allocatively efficient.
- However, it depends on the management.
- It depends on whether the airline has gained economies of scale and the initial size.
- Overall, it could lead to diseconomies of scale but not in all cases.