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**********OFFICIAL OCR ECONOMICS F581 13th MAY 2014 THREAD************

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What examples did everyone put for the 18 marker.. i.e. what did you put for Level 2?
Original post by Fas
thats true, you didn't have to mention it which is why i dont think ive got 0 or anything like that hahaha :smile: what did you put as an alternative?


I thought the negative externality caused by production was pollution ?? Was i wrong?!? What other negative externalities were there?!!

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Original post by EconFan_73
No. I think it's the easiest. Therefore more people achieve top marks, so to place yourself in the top 10%, or 20%, you will have to achieve a higher mark.


You have to take into account the fact that this is the only sitting for this exam this year. So unlike previously AS students may have not had the experience of the January exams and will be prone to more mistakes under the pressure they are now in June. I see the grade boundaries at 48 max for an A tbh, don't see them being any higher than that.


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Original post by ItsJustMe17
Hmm i don't know. It was in the question so it might matter. Did you not define it because you couldn't or because it slipped your mind?

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It was because I was in a rush, and there was the other two terms that could be defined, so I defined them then later realised I hadn't done market failure. But I'd still done two definitions...

Would it just be 1 mark dropped if it does matter>
Original post by Shaadi Baba
I mentioned regulations as an alternative. Placing limits on how much producers can pollute as an example and imposing fines if they do not meet the limits. There's a cost of enforcing it though which can generate an opportunity cost. At the end I just said that indirect tax is the most effective and can be even more effective if the tax is made equal to marginal external cost.

I really hope I don't get capped at L3 or a low L4. Happened to me last 2 times and I just can't afford it to happen again. :'(


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yeah i should have mentioned regulations to be honest, i had a brainfart and put information provision down. absolutely moronic lol. Ah well if i can get around 9/18 on the essay then i'll take that, hopefully should just about get me an A/high B which will be a HUGE improvement on my mark last year.
Original post by hello101010
Yeah I meant easiest sorry. I'm not sure it is, the 18 marker was quite nice yeah but a couple of the 6 markers were tricky. I think you're overestimating people's ability tbh.


Don't worry mate the maximum it would be is 48 for an A and even that is unlikely
Original post by ItsJustMe17
I thought the negative externality caused by production was pollution ?? Was i wrong?!? What other negative externalities were there?!!

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no you're right, but what i was saying was i didn't even say that it was pollution, i said that the negative externalities of production was the " social cost on third parties in other area's of the economy" which isn't exactly wrong, but it's not the best way of writing it. So you were correct to mention pollution, something i really should have done!
Original post by Shaadi Baba
I mentioned regulations as an alternative. Placing limits on how much producers can pollute as an example and imposing fines if they do not meet the limits. There's a cost of enforcing it though which can generate an opportunity cost. At the end I just said that indirect tax is the most effective and can be even more effective if the tax is made equal to marginal external cost.

I really hope I don't get capped at L3 or a low L4. Happened to me last 2 times and I just can't afford it to happen again. :'(


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Does tradable pollution permits count as regulation? I just mentioned that and information campaign as alternatives..
Guys as my 18 marker , i wrote about environmental taxation which consists of the mpc,msc and mpb curves, this is different from indirect tax right. I'm really worried :/

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Original post by hello101010
Does tradable pollution permits count as regulation? I just mentioned that and information campaign as alternatives..

Tradeable permits is a valid alternative to make (it's a regulatory market-based measure). I also mentioned other forms of regulation such as a limit on the level of pollution, and quality controls on production methods to make them less polluting (which is the negative externality here)
Original post by ItsJustMe17
I thought the negative externality caused by production was pollution ?? Was i wrong?!? What other negative externalities were there?!!

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I thought it was pollution making air quality bad hence making people spend more on health service.
Original post by MrHogwash
I thought it was pollution making air quality bad hence making people spend more on health service.


sorry yeah that's what it was!
Original post by Fas
sorry yeah that's what it was!


That's what I wrote :smile:
What marks would that give me?
Original post by Fas
no you're right, but what i was saying was i didn't even say that it was pollution, i said that the negative externalities of production was the " social cost on third parties in other area's of the economy" which isn't exactly wrong, but it's not the best way of writing it. So you were correct to mention pollution, something i really should have done!


OMG almost had a heart attack LOL. Phewwwww . Okay these are the factors i talked about :
Indirect taxation (obviously lol)
Pollution permits aka tradable permits
Regulation

Is that okay??

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Original post by MrHogwash
That's what I wrote :smile:


haha i know, but i was trying to quote your post and that other user's post and telling them that what you'd put was right, failed though :tongue:
Original post by Fas
yeah i should have mentioned regulations to be honest, i had a brainfart and put information provision down. absolutely moronic lol. Ah well if i can get around 9/18 on the essay then i'll take that, hopefully should just about get me an A/high B which will be a HUGE improvement on my mark last year.



I put down provision of information down as well. I thought it didn't matter what you put down for an alternative solution as long as you actually put one down? Do you reckon people would of lost marks for putting information provision down instead of regulations?
Original post by hello101010
It was because I was in a rush, and there was the other two terms that could be defined, so I defined them then later realised I hadn't done market failure. But I'd still done two definitions...

Would it just be 1 mark dropped if it does matter>


I think you'll be alright because you need to define some definitions to get into L1 anyway and you did. :smile:

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Original post by Fas
thats true, you didn't have to mention it which is why i dont think ive got 0 or anything like that hahaha :smile: what did you put as an alternative?


If you get a high B on this paper and an A on f582 would that total to an A overall?
Original post by studentwiz
If you get a high B on this paper and an A on f582 would that total to an A overall?


depends on the exact marks
Original post by bluffman1
I put down provision of information down as well. I thought it didn't matter what you put down for an alternative solution as long as you actually put one down? Do you reckon people would of lost marks for putting information provision down instead of regulations?


nah doesn't really matter what you put down aslong as you explain it. although i messed up heavily, cos for information provision i said like consumers could become aware of the high social cost of production through various means such as social media etc, hence could take measures to reduce their consumption of the demerit goods being produced (i probably should have mentioned pollution being this demerit good....) hence by taking steps to prevent themselves 'consuming' the pollution, the social cost would fall hence the market failure would be corrected.


Yeah i'm a specialist when it comes to writing bullcrap.

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