UNOFFICIAL MARK SCHEME OCR Economics - Markets In Action 2015

https://drive.google.com/file/d/0Bzxaz1IcDuQMQ1NFWW9JelJwa0k/view

Link ^^^

UNOFFlCIAL MARK SCHEME ECONOMICS F581
Markets In Action

Answer comprised by several economics students
Goodluck to everyone, hope you all get As

Brought you by (me), Zayn (KhamZ_98), Annie ( anndz3007), John and Will contributions :biggrin:

We may have not included your answers but it does not necessarily means you are not correct.
We put a lot of effort, please appreciate.

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Zayn Malik's comment:
This is an unofficial mark scheme. Just because we did not mention something, it does not mean that its wrong. OCR have several meetings during the marking periods and will alter their mark schemes according to how different candidates answered the questions for this paper Consider this a "first draft" of what the final mark scheme will look like from OCR.

Maki : Oh on the unofficial ms we mentioned alternative policies for 16-18 marks. However imo I don't think it really requires it cos I didn't do other policies

(edited 8 years ago)

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good work

Awesome guys!

Appreciation is due :smile:

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Reply 3

Formless

Original post by Makashima

https://drive.google.com/file/d/0Bzxaz1IcDuQMQ1NFWW9JelJwa0k/view

It Is UNOFFlCIAL,
the answers comprised by several economics students :biggrin:

Goodluck to everyone, hope you all get As!

Thanks to (me), Zayn, Annie, John and Will contributions :biggrin:

We may have no included your answer but it does not necessarily means you are not correct.
We put a lot of effort, please appreciate.

"Makashima or Maki babyee gurl xoxoxox <3"
You have just earned yourself rep and a follow.

Seriously though, ty for teh unofficial markscheme much appreciated

(edited 8 years ago)

Reply 4

Pato1

Give 2 reasons why theelasticity of demand forsome agriculturalproducts is more priceelastic

Can't I say time?

Reply 5

2014_GCSE

One of the best unofficial mark schemes I have ever seen.

Reply 6

Pato1

Discuss whether the openspaces such as lakes andparks can always bedefined as public goods

Need to add 'accept Quasi public good' too

Reply 7

KhamZ_98

Original post by Pato1

Give 2 reasons why theelasticity of demand forsome agriculturalproducts is more priceelastic

Can't I say time?

This is why its an unofficial mark scheme. Just because we did not mention it, it does not mean that its wrong. OCR have several meetings during the marking periods and will alter their mark schemes according to how different candidates answered the questions.
Consider this a "first draft" of what the final mark scheme will look like from OCR.

Reply 8

_Fergo

Original post by Pato1

Give 2 reasons why theelasticity of demand forsome agriculturalproducts is more priceelastic

Can't I say time?

You can. I think we've explained on the other thread.

Anything of:
Degree of necessity
Habit forming goods/addiction
Proportion of income consumed
Time period
Availability of substitutes

Is correct.

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Reply 9

Formless

Original post by KhamZ_98

^^^

(edited 8 years ago)

Reply 10

Pato1

Thanks Stefan, also regarding the essay I hope we weren't supposed to use the case study otherwise im done ._.

Reply 11

Makashima

Original post by Pato1

Give 2 reasons why theelasticity of demand forsome agriculturalproducts is more priceelastic

Can't I say time?

Sure depends how you word it, supposedly in the long run there is lack of suppliers ie low availability of substitutes hence in the long run, more companies established then yeah...along those lines :biggrin:

Reply 12

Makashima

Original post by Formless

"Makahima or Maki babyee gurl xoxoxox <3"
You have just earned yourself rep and a follow.

Seriously though, ty for teh unofficial markscheme much appreciated

Awww loool thanks sir/madam

Reply 13

_Fergo

Original post by Pato1

Thanks Stefan, also regarding the essay I hope we weren't supposed to use the case study otherwise im done ._.

Not needed. You could of, but the question did not specify "agricultural products".

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Reply 14

Puddles the Monkey

This was quick! :eek3:

Fingers crossed everyone :crossedf:

Hope you all did well :h:

Reply 15

cjadams

Judging by this I should have done fairly well :smile:

Reply 16

Dayzh

For q2 about the supply and demand diagram " explain why the price of agricultural products could rise significantly " could u have drawn both a decrease in supply and a increase in demand on one diagram

Reply 17

justfly

Original post by *Stefan*

Not needed. You could of, but the question did not specify "agricultural products".

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HEYYYY please put me out of my misery - MY essay was not based on the case study instead it correcting the market failure of under consumed merit goods like fruit, veg and rice etc and how subsidies help to overcomethis...have i been capped??? i thought i wrote a perfect 18/18 essay until I heard about people writing about biofuels...

Reply 18

casiobose

I know that the essay wants you to show some sort of market failure. I talked about positive externalities, what do you guys think?

Reply 19

KhamZ_98

Original post by justfly

You cannot be capped. I did not base my essay around the case study either. Previous mark schemes have just said that some candidates decided to use the case study as it can be useful as it is normally related to the topic of the essay.
But you do not HAVE to use it