Benn_95
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Hey guys, I know it's late but hey ho, I've not seen a revision thread for OCR F583 - Economics of Work and Leisure on Tuesday 22/01/13.

So, if anyone has any questions feel free to ask them here and hopefully others will reply


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LukeKnights
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I'm also keen to get a discussion going.

Anyone got any websites/notes that explain to diagrams we need to know well? I am struggling to find explanations to all of the diagrams, and with all these cost curves etc. on all of them, it's becoming daunting.

Also, anyone got any general tips for the exam? Usual stuff
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Scorpiaz
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subbed
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physicshelp123
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hiya im also taking the exam on tuesday, unfortunately :P
has anyone got any notes on the leisure markets as mine kinda suck? also any expectations on whats gonna come up in the first section???
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hasanuk
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Any expectations for what topic the essay will be on? I have a strong feeling it will be poverty


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Benn_95
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(Original post by hasanuk)
Any expectations for what topic the essay will be on? I have a strong feeling it will be poverty


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I really hope it is poverty. There's so much discussion available which makes it easyyyyy marks :-)


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vickiwithanI
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I'd love for the Lorenz Curve/Gini Coefficient to come up, I find they really simple to write about, but they came up last june :'(
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Benn_95
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(Original post by vickiwithanI)
I'd love for the Lorenz Curve/Gini Coefficient to come up, I find they really simple to write about, but they came up last june :'(
Yeah, I done that question in a mock, it is such a nice question!


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Benn_95
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I posted this in another thread, but thought it would be useful for this one. It's the process I go through when writing essays:


What I usually do is for L1 define any relevant terms (usually ones in the question plus any other relevant ones).

For L2 I bring in real world application (THIS IS A MUST FOR 8+ MARKS), some examples and usually just some general information about the topic.

For L3 I analyse. Draw diagrams, do the general analysing of said graph and then talk about further implications of the topic.

Then if its a part B, do as before but you include L4, discussion. Bring up the opposite side of the topic or why something wouldn't happen. Say if the question asks the effect of the NMW you could say it would only work of it was set above the equilibrium wage.

Oh and also, whenever you are commenting or analysing or discussing ask yourself WHY?

Validate your statement. Even if it is not economics based - because often you do need to know the economics to say what is happening, but often to say why that may not occur.

Like if the question was about poverty and benefits. You could say how they helped. But using common sense you can think why they wouldn't - such as the stigma arising from collecting benefits. You don't need vast economical knowledge to do well.


Also, what did everyone get last year? Just curious .


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FuLLuPMepOrtION
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subbed - i have questions to ask later!
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Benn_95
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(Original post by physicshelp123)
hiya im also taking the exam on tuesday, unfortunately :P
has anyone got any notes on the leisure markets as mine kinda suck? also any expectations on whats gonna come up in the first section???
My teacher made these, they are quite basic but helpful in remembering the basics.
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026neesh
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i think it may be on monopoly
its the only market structure they havent used yet
*fingers crossed*
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dan-dream-boys
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(Original post by Benn_95)
My teacher made these, they are quite basic but helpful in remembering the basics.
Thanks mate
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sacheeen
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Anyone got the June '12 paper and MS?
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vickiwithanI
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(Original post by sacheeen)
Anyone got the June '12 paper and MS?
I've attached them
Attached files
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FuLLuPMepOrtION
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(Original post by vickiwithanI)
I've attached them
you beautiful, incredible, amazing person.

I've been looking for these for weeks!
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vickiwithanI
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(Original post by FuLLuPMepOrtION)
you beautiful, incredible, amazing person.

I've been looking for these for weeks!
Oh, you. :blush:

So glad my teacher had the common sense to upload them to the college intranet!
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sacheeen
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(Original post by vickiwithani)
i've attached them
thanks so much! :d
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hannah695
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Most probably monopoly, does anyone have an real world examples monopoly and arguments of how it could not be considered a monopoly. A likely question would probably be 'Using an example of a leisure market discuss the extent to which it is a monopoly'
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heirloom
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I think you can talk about football because of its poor cross elasticity of demand with other clubs as fans are loyal to one team. You could also talk about the price discrimination that occurs when pricing tickets to home and away fans.

plus have they ever asked about monopsony??
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