OCR AS Level Economics (New): Microeconomic - 16th of May

This is the official thread for this unit. Please message me any resources you find useful and I will post them here to the original post.

Been using this to get my grades up since jan mocks, Been very effective so far!!

http://technocratnotes.com/wp-content/uploads/2016/03/OCR-Economics-AS-Level-Technocrat-Notes-Orignals-Microeconomics.pdf

Finally on the apple appstore
Technocrat Notes app

Applehttps://itunes.apple.com/us/app/technocrat-notes/id1111953817?ls=1&mt=8 … … …

Googlehttps://play.google.com/store/apps/details?id=com.Technocratnotes.a pp&hl=en_GB …… …

Websites

www.technocratnotes.com I very much recommend you download their app it is quite awesome.

http://www.tutor2u.net/

http://www.economicshelp.org/blog/ their model answers are absolutely ace.

Lots of resources at: http://aleveleconomicssuccess.com/

Video

https://www.youtube.com/user/pajholden he explains it like a legend.

https://www.youtube.com/user/EconplusDal

https://www.youtube.com/channel/UCFR...GOMaGr92JFXXSQ

Further Readiing

http://www.theguardian.com/business/economics

http://www.economist.com/

http://beta.tutor2u.net/economics/blog

(edited 7 years ago)

Scroll to see replies

Reply 1

theuglyfish

Original post by nickg15b

This is the official thread for this unit. Please message me any resources you find useful and I will post them here to the original post.

Websites

www.technocratnotes.com I very much recommend you download their app it is quite awesome.

http://www.tutor2u.net/

http://www.economicshelp.org/blog/ their model answers are absolutely ace.

Lots of resources at: http://aleveleconomicssuccess.com/

Video

https://www.youtube.com/user/pajholden he explains it like a legend.

https://www.youtube.com/user/EconplusDal

https://www.youtube.com/channel/UCFR...GOMaGr92JFXXSQ

Further Readiing

http://www.theguardian.com/business/economics

http://www.economist.com/

http://beta.tutor2u.net/economics/blog

there was this good economics videos with some guy with a big beard but i forgot what it is called :angry:

Reply 2

Rtdsv

I don't even know where to start with my micro revision

Reply 3

nickg15b

Original post by Rtdsv

I don't even know where to start with my micro revision

I have been using this to get my grades up since the jan mocks. Just follow the instructions on the guide and I promise you wont regret it. :smile:

http://technocratnotes.com/wp-content/uploads/2016/03/OCR-Economics-AS-Level-Technocrat-Notes-Orignals-Microeconomics.pdf

Reply 4

Rtdsv

Original post by nickg15b

I have been using this to get my grades up since the jan mocks. Just follow the instructions on the guide and I promise you wont regret it. :smile:

http://technocratnotes.com/wp-content/uploads/2016/03/OCR-Economics-AS-Level-Technocrat-Notes-Orignals-Microeconomics.pdf

I'll give it a try but those notes are way too dense for my liking

Reply 5

nickg15b

Original post by Rtdsv

I'll give it a try but those notes are way too dense for my liking

yhh I thought that too but just print it out and do what the notes say. Its worth it in the end. I promise. :smile:

Reply 6

Rtdsv

Original post by nickg15b

yhh I thought that too but just print it out and do what the notes say. Its worth it in the end. I promise. :smile:

Hey Nick, I was wondering what notes do you have on the advantages and disadvantages of each of these types of government intervention:
Price Control
Regulation/Legislation
Subsidies
Taxes
Information Provision
Government Expenditure
Buffer Stocks

Reply 7

mapotts53

Have a look at resources for OCR AS on my website at: http://aleveleconomicssuccess.com/
You will find guided learning sheets,learning resources such as notes, news articles, blogs, videos on specific topics. Also, specimen papers for the new specs and some student responses to exam questions. Hope it is helpful.

Reply 8

Junaid12

Hi guys
How do you answer the "Comment on" questions? I know how to structure the Elasticity ones but not the others, these questions are usually 6-10 marks.

Thannks for any help :smile:

Reply 9

manwtfisthis

Has anyone done the further Microeconomics or Macroeconomics locked specimen papers, if so could you send some pictures through of the paper?

Reply 10

Junaid12

Original post by manwtfisthis

Has anyone done the further Microeconomics or Macroeconomics locked specimen papers, if so could you send some pictures through of the paper?

There isnt any, my teacher looked on the interchange thing and i can confirm because i was watching that it said no materials or something like that. I needed them aswell :frown:

Reply 11

kelvin12

Tips to score in paper 1:
1. Complete past year papers at least back to 5 years from now. Repeated questions are highly possible.
2. Understand the way examiner sets questions. Questions that are being set are highly similar. They will change the question but they still want to test on the same concepts.
3. For Micro, students are required to fully understand PPC, scarcity, how demand and supply curve shift, PED, YED, XED, consumer and producer surplus, function of money.
4. For Macro, students are required to fully understand inflation, unemployment, BOP, max and min price, social benefits and social costs, how fixed and floating exchange rate work, AD and AS.
I hope these tips can help you. All the best to all the students.I am selling A-level mark scheme EXPLANATION, which is much better than the mark scheme provided online. Do whatapps/sms me at 0149110523 to get a copy.

Reply 12

Rtdsv

Original post by Junaid12

Hi guys
How do you answer the "Comment on" questions? I know how to structure the Elasticity ones but not the others, these questions are usually 6-10 marks.

Thannks for any help :smile:

Give 2 advantages with detailed explanations

Give 2 disadvantages with detailed explanations

Then evaluate - talk about assumptions, time, size, priorities etc.

Reply 13

ISpeakWisdom

Do you think economies of scale may come up tomorrow

Reply 14

Junaid12

Original post by ISpeakWisdom

Do you think economies of scale may come up tomorrow

Its could because it wasn't in the specimen paper, but i think it will most likely be a multiple choice question, but then again i wouldnt be surprised if it was a 10 mark essay aswell, just be prepared for the worsed

hope that helps
:smile:

Reply 15

AG16

'Evaluate the role of specialisation in addressing the problem of scarcity' Would anyone be able to help me see how to go about answering this as a potential 10 marker please?

Reply 16

Junaid12

Original post by AG16

'Evaluate the role of specialisation in addressing the problem of scarcity' Would anyone be able to help me see how to go about answering this as a potential 10 marker please?

Um..
First define specialisation and what it does to a firm(e.g. division of labour). Then say why it may solve scarcity. it may solve scarcity because firms will become more efficient due to specialisation and expand upon that. Put another advantage like better quality which will fulfill the consumers wants a little bit more

BUT you cannot stop resources being scarce, because there are unlimited wants and scarce resources (the basic economic problem).

you will have to go into more detail but this is how I would structure it.
Hopefully this gives you an idea on how to answer it.

Reply 17

Rtdsv

Original post by AG16

'Evaluate the role of specialisation in addressing the problem of scarcity' Would anyone be able to help me see how to go about answering this as a potential 10 marker please?

Specialisation makes firms more efficient, therefore they waste less resources and time. If they waste less resources then these factors of production will be less scarce. However, it means they can produce more, and if they produce more then they will use up more of our FoP. Also, it depends on allocative efficiency because if they are specialised and producing so many goods, then it isn't useful if isn't maximising consumer satisfaction and our needs. Also, if there comes a time where those workers are unemployed due to structural unemployment, then specialisation can make the problem of scarcity worse since those workers have skills that are now useless and having people in the labour force with unwanted skills is wasting the FoP of labour.

I can't see it being a 10 marker because theres not much to talk about

Reply 18

Rtdsv

State provision and Buffer stocks are not coming up and I have a feeling OCR will through in one of Price Controls or the Market Economies into the essay question with the other option being one of the govt intervention methods