F583 - Economics of Work and Leisure - June 2014

for the people that did monopsonist essay, for part B I said because the government control the power of trade unions then the existence of trade unions was a type a government inervention (for my AO3) then talked about how this could cause other labour mark failures for my AO4, do you think this would be acceptable or could you only talk about trade unions as being another method?? :/

You've made good calls for BOTH F583 and F585 haha...


Edit: thank you so much.

Not sure, I spoke about NMW when talking about government intervention :/ trade unions was definitely an alternative, kicking myself I didn't use it now! Although I don't see how governments control trade unions?

how many marks was the economies of scale question ?

What are the factors though ? Lol

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yeah i definitely think trade unions was a good thing to mention at some point. Well i said that the government can use regulation to control the power of trade unions (so they could completely illegalise them if they wanted to) so the fact that the government allow trade unions to have power then they are a form of government intervention, not sure how right this is though...

No different to you, although I discussed that regional pay differences with other underlying factors as a cause for poverty in the 15 marker.

Aye, my alternative ended up being actions by private firms such as training programmes which would help improve workers skills, and allow them to switch out their jobs working for the monopsony and find jobs in other sectors in different regions, where they may get paid a higher wage rate, and because it's by private firms then this may be more efficient and effective at solving the labour market failure created by a monopsonist. Pretty **** alternative tbh, but hopefully I'll get atleast 15-16/20 on that essay

Ahh right, sounds ok I guess as long as you've explained it!

Nah aslong as reference was made to the case study atleast once then you should be fine, but there was quite a lot of stuff in the case study to suggest the market was contestable.

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Still not sure how that's gonna be marked - is it gonna be one mark for identification then 2 marks for explaining why it would occur?

i did the poverty question because i had revised it well the day before and didnt learn monopsony and i did a wage determination question in the mock and didnt get the right end of the stick at all! thought it was a very ok paper! ( dont want to jinx it though! :-))

I think so but i messed up on one part I wrote bulk buying even though it said not to use purchasing economies (stress) would I get any marks for explaining bulk buying ?

Wrote Advertising (selling economies) for the other one though

I did a similar thing to you with the training programmes, only I talked about how the government could provide the training programmes (investing in education and training) and then explained it in a similar way to you, so i reckon we'd get credit for that, no matter which way you used it

Ahh fairs, that's good! yeah we should do, they're still at the end of the day, economically viable methods

Did you guys do the poverty question? What was your diagram ?

The number of workers that they SEEK to employ is the demand. The question was about how much they ACTUALLY employ, not how much they SEEK. The amount they seek to employ is demand, the amount that workers can provide is supply. Talking about demand factors is completely relevant don't get me wrong, but I think OCR will be looking for supply factors too. I think the reasons why they asked you to illustrate your answer with diagrams is to illustrate different elasticities of supply.

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Still not sure how that's gonna be marked - is it gonna be one mark for identification then 2 marks for explaining why it would occur?

Demand for product, productivity, basically anything that affects MR or MP


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