[-Illmatic-]

(Original post by CharrrrxD)
Thanks..I know all the points but I can't ever explain them in enough debt!

in debt? I think you've been doing a lot of econ today

[K.a]

Does anyone have an essay or plan on EU Directives and Immigration (impact on labour markets and economy) ?

These questions seem the same but as separate things on the spec..

Evaluate the implications of different market structures for resource allocation.
Discuss the relationship between efficiency and market structures.

Isn't resource allocation and efficiency similar so both will have the same answers, in terms of their price and output?

[Rads.X]

AHH i dont know the answer tell me?? xxx

[CharrrrxD]

(Original post by -Illmatic-)
I'll do this tonight for you! (if i get time...)

Also if you wouldn't mind explaining what diagrams are there for Inequality. I know the Lorenz curve but how would you use this for analysis?

[CharrrrxD]

(Original post by -Illmatic-)
in debt? I think you've been doing a lot of econ today

Yes aha! I mean in debth! :L

[-Illmatic-]

(Original post by CharrrrxD)
Also if you wouldn't mind explaining what diagrams are there for Inequality. I know the Lorenz curve but how would you use this for analysis?

Cool

[Lalaa]

(Original post by Rads.X)
AHH i dont know the answer tell me?? xxx

edl:
wage costs in total costs
time period
PED of product
ease of sub of labour

esl:
qualification
lenght of training
time period
immbobility

demand:
ped of good
demand and future demand of good
wage costs
total labour costs
total complement costs
ease of sub ( costs )

supply:
no. of working population
non and precutionary factors
value of lesiure time



explain what the causes of wage differential are?

[Rads.X]

(Original post by Lalaa)
ooooo.. the factors that influence.. forgot!

okay..

mmmm..

4 factors EACH for:
elasiticity of demand for labour and supply


and

however many there are for:
demand and supply for labour ( each )

check direct message

[Lalaa]

(Original post by K.a)
These questions seem the same but as separate things on the spec..

Evaluate the implications of different market structures for resource allocation in theory and practise
Discuss the relationship between efficiency and market structures in lesiure markets
Isn't resource allocation and efficiency similar so both will have the same answers, in terms of their price and output?

yee i think they are similar, but... you missed out ( underline ), theory as in perfect competiton and comparing that to the rest, and 2nd about using it with lesiure markets.. id would say thats the only difference =)

[Rads.X]

(Original post by Lalaa)
edl:
wage costs in total costs
time period
PED of product
ease of sub of labour

esl:
qualification
lenght of training
time period
immbobility

demand:
ped of good
demand and future demand of good
wage costs
total labour costs
total complement costs
ease of sub ( costs )

supply:
no. of working population
non and precutionary factors
value of lesiure time



explain what the causes of wage differential are?

wage differentials are caused due to each worker being unique like having different MRP levels and different skills, also vary due to discrimination. Another reason is that firms tend to equalise net benefits rather that wages therefore may offer unpleasant jobs higher wages known as conpensating differential. Also, labour is not perfectly mobile involves occupational and geographical immobility, May also be due to lack of competition on the demand side due to monopsonist or lack of competition on supply side due to Trade unions

have i missed anything?

[Lalaa]

(Original post by Rads.X)
check direct message

you too =)

[Taurus]

Oh please gods give me a good paper, I need an A to get into Uni
I'll be repeating MRP, DL, SL, Wage Det, Eco Rent and Transfer earnings, tonight and tomorow night

[Rads.X]

(Original post by Lalaa)
you too =)

ok dm me wen your free

[CharrrrxD]

(Original post by -Illmatic-)
Cool

I PM you the answer I already did so you can see where I am at

[ayathullah1]

Sorry to barge in but looking at the past paper questions can anyone hazard a guess as to what is most likely to come up in the F583 paper?

Cheers

[evelynevelyn]

Thinking immigration is going to come up...

[Lalaa]

(Original post by Rads.X)
wage differentials are caused due to each worker being unique like having different MRP levels and different skills, also vary due to discrimination. Another reason is that firms tend to equalise net benefits rather that wages therefore may offer unpleasant jobs higher wages known as conpensating differential. Also, labour is not perfectly mobile involves occupational and geographical immobility, May also be due to lack of competition on the demand side due to monopsonist or lack of competition on supply side due to Trade unions

have i missed anything?

pm-ed youu ima back =)

[CharrrrxD]

(Original post by evelynevelyn)
Thinking immigration is going to come up...

What else do you think will come up? I really think Inequality

[Lalaa]

(Original post by CharrrrxD)
What else do you think will come up? I really think Inequality

i 2nd that !

[CharrrrxD]

(Original post by Lalaa)
i 2nd that !

Do you think that Migration and Inequality could both come up? Because they are both in the same part of the spec?

What else do you think will come up? I also think monopolies could and maybe efficiency?
xx