This discussion is now closed.

Check out other Related discussions

F583 - Economics of Work and Leisure - June 2014

The OCR W&L mark schemes might as well not be there. PILE OF SH*T

Seconded. Unfortunately, you sometimes end up with a hapless business studies teacher marking your work to the word on those things. OCR Economics is always worth a remark if you don't get the result you're expecting.

Reply 201

letsplayray

11

Ahhh i missed it tell me when another skype session is on, i have plenty to discuss!

Reply 202

Mrgp

Analyse, using examples, the factors which determine the elasticity of demand for labour. [15]
Discuss the extent to which the elasticity of demand for labour is the main determinant of
wages in an occupation. [20]

Analyse the economies of scale which may arise in a leisure industry of your choice. [15]
Discuss the extent to which a leisure industry of your choice is an oligopoly. [20]

would be great if someone could plan and structure these as it really helped me for f585 cheers

Reply 203

username963570

21

Original post by YAAM

haha would that be those pecuniary factors?? so whether non-pecuniary benefits may affect the supply of labour depends on the wage rates?

indeed

because even if you have splendid working conditions, company car, less hours to work etc but you're getting paid about £5 an hour then it's very possible some people might not supply their labour to that occupation.

i should also add you should give examples of occupations as you go through the essay.

Reply 204

Kuchkuchhotahai

15

Original post by Fas

indeed

because even if you have splendid working conditions, company car, less hours to work etc but you're getting paid about £5 an hour then it's very possible some people might not supply their labour to that occupation.

i should also add you should give examples of occupations as you go through the essay.

Geographical mobility also affects people's willingness to supply themselves, what more Fas?

Reply 205

Shepherd_9

'Analyse the factors which determine the demand for labour'

What diagrams do you use for this?? The mark scheme diagrammatical illustration of MRP theory..?

Reply 206

YAAM

Original post by Nash96

You need to take two forms, like collective and local agreements, then analyse how they may impact on wages, elasticity and skills/productivity :smile:

you could also maybe bring in some stuff about relative bargaining strength :smile:

Posted from TSR Mobile

So what are their impacts? would it be the impact of trade unions?

Reply 207

PJ.

What are the characteristics of a monopoly?

So far I have:
1 dominant firm, profit maximisers, high barriers to entry, supernormal profits in LR, allocatively and productively inefficient.

Am I missing any?

Reply 208

Waloo

Original post by PJ.

What are the characteristics of a monopoly?

So far I have:
1 dominant firm, profit maximisers, high barriers to entry, supernormal profits in LR, allocatively and productively inefficient.

Am I missing any?

Price maker and unique product.

Reply 209

Waloo

Does anyone know how you'd answer a 15 marker on 'analyse why the government intervenes in the labour market' - I would find it difficult to write a whole essay on this but is in the spec.

Reply 210

NottsYellowJnr

1

Whats the point in a contestable market? I see obvious benefits such as lower prices and greater output but they are still neither productively or allocatively efficient?

I cant even see there being any dynamic efficiencies as all information must be available for all firms!

Reply 211

Nash96

2

Original post by Waloo

Does anyone know how you'd answer a 15 marker on 'analyse why the government intervenes in the labour market' - I would find it difficult to write a whole essay on this but is in the spec.

Increase flexibility, reduce labour market failure, reduce inequality/poverty

Posted from TSR Mobile

Reply 212

Pro Crastination

19

Would anyone be willing to share a 20 marker plan for:

'Discuss, using examples from a leisure industry, the extent to which competition creates efficiency'

I know about: allocative efficiency, productive efficiency, X-inefficiency, dynamic efficiency/efficiencies. However, in terms of applying them and commenting on them I'm a little weak.

Reply 213

username963570

21

Original post by Shepherd_9

'Analyse the factors which determine the demand for labour'

What diagrams do you use for this?? The mark scheme diagrammatical illustration of MRP theory..?

four factors which determine demand for labour:

worker's MRP
complementary labour costs
demand for the product (as labour is derived demand)
the wage rate

analyse how each one of those will determine a firms demand for labour. and yes you can draw an MRP diagram to support your MRP analysis.

Reply 214

username963570

21

Original post by NottsYellowJnr

Whats the point in a contestable market? I see obvious benefits such as lower prices and greater output but they are still neither productively or allocatively efficient?

I cant even see there being any dynamic efficiencies as all information must be available for all firms!

surely operating in a contestable market means the firm must strive to be productively and allocatively efficient?

Reply 215

username963570

21

Original post by Kuchkuchhotahai

Geographical mobility also affects people's willingness to supply themselves, what more Fas?

ahh yes, geographical and occupational mobility, labour market flexibility, could mention maybe worker's relative poverty? if workers are more well off they just decide "**** this" and not supply their labour?

yeah i really wouldn't go with that last point hahaha

Reply 216

PJ.

Are firms in a monopolistic competition market price-makers or price-takers?

Reply 217

thunguyen168

Original post by PJ.

Are firms in a monopolistic competition market price-makers or price-takers?

Price makers.

Posted from TSR Mobile

Reply 218

NottsYellowJnr

1

Original post by Fas

surely operating in a contestable market means the firm must strive to be productively and allocatively efficient?

My understanding is that due to the reduction in barriers to entry they must now operate to achieve normal profits otherwise they would be subject to hit and run tactics. This is where AR = AC, neither productively or allocatively efficient.

Reply 219

Kuchkuchhotahai

15

Original post by Fas

ahh yes, geographical and occupational mobility, labour market flexibility, could mention maybe worker's relative poverty? if workers are more well off they just decide "**** this" and not supply their labour?

yeah i really wouldn't go with that last point hahaha

Haha yeah, the last point can be developed though!

F583 - Economics of Work and Leisure - June 2014

Related discussions

Latest

Trending

Trending

Articles for you