F581 Jan 12 2011: OCR AS Economics exam

Yeah I am sitting it, doing AS and A2 in one year. Should be ok, just the sheer length of it that gets me :L

Wow that must be tough,, good luck,, not that yu'll need it =)

I moved the demand curve on that other question about the hotels...I am ...disappointed

I hope everyone on here got the 4 easy marks.

The public good characteristics;

- nonrivalry and nonexcludability

The equation for XED

% change in quantity demanded for product A divide by % change in price of product B

For the luck ones who wrote the correct definition of Market would have got another 2 marks. So 6 marks are sure for some people

I wrote Market :

Is a place where buyers and sellers interact and agree to trade at a price.

in my ocr economics book by the man who rights this exam says "therefore tradable permits is a regulation"

For the explain what a market is I put a market is a place where buyers and sellers meet and gave an example as Ebay. For the is a beach a public good question I forgot what non rivalry was so put how no one was exluded so it is a public good (I put the 2 characteristics of a public good down btw) will I get any marks for this? And did anyone write about opportunuty cost anywhere? I didnt

But it said discuss wether regulations is the "most effective" way of reducing government failure n for that reason I thought that to get 11+ you need to say how the advantages for regulations outweigh any other alternative but explaining and giving other methods such as tax, tradable permits...?? [/QUOTE

See I would have said in order to get 11 or more you would need to draw a balanced argument for and against, then evaluate with alternatives. The drawing of a diagram is not essential but there is no doubt it would help

It doesn't say that all.

I have the book right in front of me. Colin Bamford: "Tradeable permits are a market-based means of correcting failure"..perhaps you got confused when later he said "therefore, tradeable permits combine the benefits of a market solution with those of regulation".

It is ambiguous but I wouldn't say tradeable permits are outright regulatory. Only partially.

Hi, guys. just wanting to know if any of their teachers attended the OCR "get ahead" official training course? Because our head of economics did. the importance of this? we'll whilst listening to colin bamfords talk, in which he specifically said that cross price elasticity of demand would definitely NOT be in the papers for the next four sessions, including this wednesday passed, and said not to revise that particular elasticity. so with this being the official course, with a talk from the head of economics in the ocr *or a very similar title, you may recognise his name from the front of a textbook!*you would think it oujld be reliable. Our college's head of department quieried this statement about xped definitely not being on the exam paper this time, and mr bamford reiterated that it definitely 100% certain would not be on the paper.

so after months of being told it would not be on the paper and we did not need to revise it, what came up as a nice 8 mark question but xped..

there has been outrage at our college *Greenhead College, Huddersfield* and the economics pupils have been assured that the college will not let this pass by. apparently there were around 20-25 other college's representatives at this official meeting.

Would like to know if anyone else knows of this or has been affected by it. i know gc students certainly have