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F581 OCR Economics May 18th

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Reply 40
Avatar for Clare1994
Clare1994
OP
Original post by ashk9999
when doing a 18 mark essay question, is it necessary to involve a diagram?


No but using one gets you into level 3

This was posted from The Student Room's Android App on my GT-S5570
I haven't looked at F581 in over a year. I'm just sitting to see if I can improve on my current 84. I doubt it considering I'm not prepared at all for this. Good Luck everyone!
Reply 42
Avatar for Damzzy
Damzzy
Would my structures for questions be correct?

Analyse:
introduction
points for
points against
conclusion

Comment on:
introduction
points for
points against
my opinion in conclusion

Discuss:
introduction
points for
points against
points for
points again
conclusion with opinion/extent
Remember you're Doctor Pepper and Salt and Pepper. Just to help you remember which way you're elasticity equations are :smile:
Oh and if people don't already know Tutot2u.net is an amazing website for economics stuff. I will post some links as I look through it of useful stuff :smile:
http://tutor2u.net/economics/revision-notes/as-markets-crossprice-elasticity-of-demand.html
Reply 46
Avatar for Clare1994
Clare1994
OP
Original post by timlewis101
I haven't looked at F581 in over a year. I'm just sitting to see if I can improve on my current 84. I doubt it considering I'm not prepared at all for this. Good Luck everyone!


So you got an a? What you get in the others? I got 2 bs at as but c in work and leisure

This was posted from The Student Room's Android App on my GT-S5570
Reply 47
Avatar for Damzzy
Damzzy
Original post by timlewis101
Remember you're Doctor Pepper and Salt and Pepper. Just to help you remember which way you're elasticity equations are :smile:


What's that??
Original post by Clare1994
So you got an a? What you get in the others? I got 2 bs at as but c in work and leisure

This was posted from The Student Room's Android App on my GT-S5570


Yeh. I got 2 A's and B on F583 (think thats the leisure one). I'm resiting F582 as well but not F583 as it seemed my B was a decent grade on that paper and thats a bitch to revise for. So basically I'm seeing if I can claw some marks on 81 and 82.
Original post by Damzzy
What's that??


Doctor Pepper
Price elasticity of demand = % change in Demand (Doctor) / % change in price (Pepper)

Salt and Pepper
Supply elasticity of demand = % change in Supply (Salt) / % change in price (Pepper)
Reply 50
Avatar for Damzzy
Damzzy
Original post by timlewis101
Doctor Pepper
Price elasticity of demand = % change in Demand (Doctor) / % change in price (Pepper)

Salt and Pepper
Supply elasticity of demand = % change in Supply (Salt) / % change in price (Pepper)


lol thanks, I've always remembered PED as you queue (% change in Quantity Demanded) / before you Pee (% change in Price)
Reply 51
Avatar for danlouisex
danlouisex
Anyone know where i can find a list of definitions for this exam?!

Pleaseeeeee :smile:
Original post by danlouisex
Anyone know where i can find a list of definitions for this exam?!

Pleaseeeeee :smile:


Back of the as text book.
Heres a link to an AS and A2 revision guide specifically for OCR economics. I'm gunna blast through it tonight.

AS https://www.dropbox.com/s/pyntszym5sj8obq/OCR-AS-revision-guide-2011v2.pdf

A2 https://www.dropbox.com/s/8m527htpzbkb3ag/ocr-2011.pdf
Reply 54
Avatar for Clare1994
Clare1994
OP
Original post by timlewis101
Yeh. I got 2 A's and B on F583 (think thats the leisure one). I'm resiting F582 as well but not F583 as it seemed my B was a decent grade on that paper and thats a bitch to revise for. So basically I'm seeing if I can claw some marks on 81 and 82.


Fair enough looking for an A overall then? I'm after a B and refused to resit work and leisure as i agree it's a bitch to revise for i really wouldn't of been surprised if i had got a C in that exam and as the unit we're doing tomorrow is the easiest i thought i might as well resit to gain extra marks as i currently need about 78% on the last exam to get a B overall.
Can someone remind me of the elasticity numbers please! ie what number means inelastic and which one means elastic. Thanks
Original post by Clare1994
Fair enough looking for an A overall then? I'm after a B and refused to resit work and leisure as i agree it's a bitch to revise for i really wouldn't of been surprised if i had got a C in that exam and as the unit we're doing tomorrow is the easiest i thought i might as well resit to gain extra marks as i currently need about 78% on the last exam to get a B overall.


yeh an A. Good Luck tomorrow :smile:
Reply 57
Avatar for Clare1994
Clare1994
OP
Original post by timlewis101
Can someone remind me of the elasticity numbers please! ie what number means inelastic and which one means elastic. Thanks


Elastic- >1
Inelastic- <1
Perfectly inelastic- 0
Reply 58
Avatar for Clare1994
Clare1994
OP
Original post by timlewis101
yeh an A. Good Luck tomorrow :smile:


You too
Reply 59
Avatar for D_Roberts
D_Roberts
hey guys anyone got an idea as what to write in the 18 marker if something like market failure came up, I hateeeee that and would cry if I needed to write an essay on it!
thanks!

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