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

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YES! I wrote exactly that

I wrote exactly that but also the case study said in canada its 1.6 ped so it depends on which country and I started talking about the black market and exports becoming expensive

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me to B's AND D's

for the 10 marker was you only supose to draw a minimum price diagram what about demand decreasing diagram because alcohol will be potentially expensive.

Reply 123

summer20sixteen

For the minimum price control question I wrote quantity demanded as q1 and quantity supplied as q2, price as p0 and quantity as q0. Do you think I'll still get the mark as I demonstrated everything else correct in my diagram?

I talked about inelasticity, consumer surplus, black markets forming, alcohol as a demerit good...

Reply 124

hate0cr

I ran out of time towards the end and wasn't able to draw a diagram for the 20 marker ahhh I have no idea how that's going to effect my final mark

Reply 125

joodaa

Original post by summer20sixteen

I did the same thing for the diagram so I thing it should be alright. How did you link consumer surplus too the question? That never came across my mind at all hmm. But isn't black markets more to do with maximum price and excess demand not minimum price?

Reply 126

summer20sixteen

I talked about how the consumer surplus would have decreased and lead to consumption being lower of alcohol. Basically an argument for the minimum price control decreasing the consumption of alcohol. If consumers see less of a benefit of consuming alcohol because its more expensive then the value they placed on the good would have decreased.

Honestly I'm not really sure if mentioning a black market is even relevant because its about the selling of commodities illegally. But black markets especially happen in violation of controls and rationing so who knows.

Reply 127

User1067

How many marks would you lose on the 20 marker for not drawing a diagram?

Reply 128

ISpeakWisdom

Original post by User1067

How many marks would you lose on the 20 marker for not drawing a diagram?

It is hard to say they use a different way to mark the 20 marker.

(edited 7 years ago)

Reply 129

nickg15b

Original post by ISpeakWisdom

Do you think economies of scale may come up tomorrow

Original post by Junaid12

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:

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?

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Reply 130

G-Unit69

Original post by User1067

How many marks would you lose on the 20 marker for not drawing a diagram?

Im not sure mate, you may lose quite a few on the 20 marker as with economics, most explanations require diagram where as business studies requires no/ little diagram analysis. if you do not draw one, you may only get a maximum of level 2 for analysis. the 17* 20 marker required a MPC/MSC diagram, and potential another depending on your analysis.

Reply 131

AG16

any predictions for macro tomorrow? 20 markers/ 10

Reply 132

ISpeakWisdom

Original post by ag16

any predictions for macro tomorrow? 20 markers/ 10

economic growth won't come up

Reply 133

Qwerty Lad

Would anyone please be able to post or email me the new locked Practice Papers which are on interchange. As i an on study leave i cant quite access them . Many many thanksss

Reply 134

Qwerty Lad

Original post by theuglyfish

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

Hi, do any of you guys have the locked OCR practice papers that you would be able to share /email to me?

Reply 135

Qwerty Lad

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?

Did you find them?

Reply 136

Qwerty Lad

Original post by Junaid12

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:

Hi I belive they are released now. Would you please be able to ask your teacher to check again? Many thanks

Reply 137

Qwerty Lad

Original post by Junaid12

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:

Would you be able to find out if they have been released now?

Reply 138

Junaid12

Original post by Qwerty Lad

Would you be able to find out if they have been released now?

Um.. I'm currently on study leave but I can email the teacher if you need them, but it is also half term so they may not reply. when do you need the papers by? So I can post them here ASAP

Reply 139

Qwerty Lad

Original post by Junaid12

Um.. I'm currently on study leave but I can email the teacher if you need them, but it is also half term so they may not reply. when do you need the papers by? So I can post them here ASAP

Hi, thank you you do much for doing this, it is very much appreciated . I need the papers ASAP, so if you woulfnt mind emiling the teacher for the MACRO paper, that would be great. If therr is an issue about posting it online, feel free to private message them over or email! Thanks agaib