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OFFICIAL OCR ECONOMICS F581 13th MAY 2014 THREAD**

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I'm not sure about that. I mentioned that placing an indirect tax would solve the over consumption of goods that are produced through processes that generate negative externalities. Dunno if that makes sense or will gain me any credit :frown:

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Original post by dilan02

I was just wondering whether talking about the production of demerit goods would be correct to talk about in the essay question?

I hope so because i did too Lol

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Reply 441

dilan02

Original post by ItsJustMe17

I hope so because i did too Lol

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Yeah I wrote about the negative externalities arising from the over production of demerit goods, and how implementing an indirect tax on these goods could possibly reduce the production and hence all the other stuff...

Reply 442

ItsJustMe17

Original post by dilan02

Yeah i wrote something along those lines. I think we're safe.

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Reply 443

dilan02

Original post by ItsJustMe17

Yeah i wrote something along those lines. I think we're safe.

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Yeah I'm hoping we are

Reply 444

AsianBeauty

I only shifted the demand curve which is so annoying because I thought since the firm could only produce a limited amount of supply, supply wouldn't shift !! Arghhh I'm so annoyed

Reply 445

RavinderKlair97

•

[INDENT]Would comparing indirect tax to regulations be enough to be in the level 4 band?[/INDENT]

Reply 446

MarieHermosa

Original post by Knowing

Calm it down guys lol, this isn't the Jeremy Kyle show :tongue:

Also 15 minutes?! That's hardly any time o.O I usually spend about 35-40 minutes on the essay :redface:

It's not so bad... I usually write fairly fast so I can get it done in about 20 minutes, 3 sides
A good grade is still possible it just depends what was written

Reply 447

JGeraghty1

Original post by RavinderKlair97

•

Would comparing indirect tax to regulations be enough to be in the level 4 band?

yeah that would be fine, technically you could have also mentioned tradable permits as well or a subsidy that could be placed on firms that produce less negative externalities in comparison to lower their prices :smile:

Reply 448

MarieHermosa

Original post by AsianBeauty

I only shifted the demand curve which is so annoying because I thought since the firm could only produce a limited amount of supply, supply wouldn't shift !! Arghhh I'm so annoyed

I did the same, but I swear the paper said something about only being able to produce a limited number of models??
So I took that as the supply wouldn't rise :frown:

Reply 449

ItsJustMe17

Original post by MarieHermosa

I did the same, but I swear the paper said something about only being able to produce a limited number of models??
So I took that as the supply wouldn't rise :frown:

But then their productive capacity increased.because of technological innovation which increased the capped amount that they could make. Does that make sense? Lol i hope so :redface:

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Reply 450

MrHogwash

Original post by MarieHermosa

I did the same, but I swear the paper said something about only being able to produce a limited number of models??
So I took that as the supply wouldn't rise :frown:

Yes it did say that they had a limited supply of models and that there was an opportunity cost involved. I assumed that an improvement in the technology used in production was to increase producer surplus and not cause a shift in the supply curve since this would lower the average total cost of producing the models. The TV show of James May was one of the main reasons demand rose so I put supply as constant while demand shifts to the right creating a new equilibrium and price increased. I did this because YED was inelastic and positive.

(edited 9 years ago)

Reply 451

Mayflowerhighaid

I have a tutor who said and I did that it was to do with deciding to produce for ages either 16+ or 16- and that's kinda understandable, the exam does it for profit and not to waste money, why else would they include the table about ages and people who like it

Reply 452

r.j.k

I did this exam in the morning and felt it went well but now I'm stressing because I don't think I've talked about an example explicitly enough! I basically just labelled my demand curve with "price of cars" and "quantity of cars" but didn't really mention it in my discussion. So do you think I'll get passed level 2? I'll be so annoyed if I don't because I wrote out like 5 odd pages on it. Urgh these 18 markers are going to haunt me! Also, how weird was the chinese government question? Or was that just me lol? Anyway would like some feedback, really wanna do well in economics! Hope the exam went well for everyone else!

Reply 453

studentwiz

All we can do is now concentrate on F582 by getting 90+UMS

WHERE IS MR E ?????????????

Reply 454

tomble123

Found the paper relatively fair, last years paper was much harder. Only places I can see myself losing marks were on the question about specialisation....couldn't think of too much and secondly that stupid comment question near the end on China. Very poorly worded...didn't give any clear indication of what we should respond with. Overall, it was fine. Grade boundaries will be 47 for an A, I think.

Reply 455

r.j.k

Original post by tomble123

Do you know whether both exams are equally weighted?

Reply 456

r.j.k

what do people think the 18 marker will be on in the national and international economy exam next week? my teacher thought it would be on the balance of payments and current account deficit.

Reply 457

tomble123

Original post by r.j.k

Do you know whether both exams are equally weighted?

In terms of the percentage of your AS grade, yes...each are worth 50%! The grade boundaries will differ for each paper though! :biggrin:

Reply 458

c0llings

Is there an F582 thread?

Reply 459

r.j.k

Original post by tomble123

In terms of the percentage of your AS grade, yes...each are worth 50%! The grade boundaries will differ for each paper though! :biggrin:

Thanks! oh god, I'm so worried about this 18 marker, it literally could be the difference between an A and a C arghhhh. Is it alright if you didn't explicitly mention examples during you discussion? cos all I did was label the diagram with the example? man, I'm so nervy! hope the exam went well for you!

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OFFICIAL OCR ECONOMICS F581 13th MAY 2014 THREAD**