So long as you at least used a diagram or at least explained the application of subsidies, there's nothing to worry about.(Original post by tanahm)
Hi, for the 18 mark question I did not give any examples. This is level 2 if I misses this will my marks be capped at that level or can i proceed to level 3 and 4 as they were really good. And what else counts as level 2 I had diagrams of subsidies does this count?
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UNOFFICIAL MARK SCHEME OCR Economics - Markets In Action 2015 watch
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- 11-05-2015 20:43
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- 11-05-2015 20:45
i think the supply curve shifts to the left for the agricultral product diagram, it did say in the article that less land will be used for agricultral products thus supply shift to the left, result in increase in price and fall in quantity. If you shift the demand curve, even though it raises price levels, it would show an increase in quantity of agricultral products, but this was not the case, it never said there was going to be an increase in demand as well for the products.
Im not sure though.. -
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- 11-05-2015 20:46
(Original post by *Stefan*)
Still, the fact that such questions have never been asked in a "comment" style made them difficult for many people.
What did you write?
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- 11-05-2015 20:47
(Original post by *Stefan*)
So long as you at least used a diagram or at least explained the application of subsidies, there's nothing to worry about.
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- 11-05-2015 20:58
Will merit goods with positive externalities be an example for level 2? I have level 1 3 and 4 but not sure if i have ticked level 2 and if so does my marks get capped?
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Economistician
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- 11-05-2015 21:05
For the question asking how "price could significantly increase", is there any chance a double shift could be awarded marks? I.e. Increase in demand, decrease in supply. Instead of just one shift?
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- 11-05-2015 21:15
(Original post by lexy1213)
i also didn't use an example... just spoke about positive externalities (defined it) then said supply shifts right as production costs decrease so producer surplus will increase causing a fall in price from p1 to p2, resulting in an increase in consumer surplus leading to an increase in quantity demanded. This, in turn will solve the market failure reduce underconsumption and move the market close to allocative efficiency as consumer welfare increases.
would this be ok...????? -
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- 11-05-2015 21:19
(Original post by tanahm)
I did the same thing just talked about merit goods and positive externalities in general and not specificity. I also want to know if this is okay.
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Hineshtailor
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- 11-05-2015 21:24
Jek
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Hineshtailor
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- 11-05-2015 21:29
For the 18 mark question, I didn't explain any alternatives as the question asked will subsidies always correct market failure. I don't see how explaining and evaluating an alternate will really answer the question thus I didnt explain any alternatives. All I did was 2 analysis points of why subsidies may correct failure and 2 evaluation points for why it's not with conclusions and diagrams
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Hineshtailor
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- 11-05-2015 21:29
For the 18 mark question, I didn't explain any alternatives to correct market failure as the question asked was will subsidy always correct market failure meaning how would the use of explaining alternatives answer the question?
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abdulrapidz
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- 11-05-2015 21:34
Thanks for that.
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aerohotchoc
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- 11-05-2015 22:59
(Original post by Hineshtailor)
For the 18 mark question, I didn't explain any alternatives as the question asked will subsidies always correct market failure. I don't see how explaining and evaluating an alternate will really answer the question thus I didnt explain any alternatives. All I did was 2 analysis points of why subsidies may correct failure and 2 evaluation points for why it's not with conclusions and diagrams -
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- 12-05-2015 09:34
(Original post by Makashima)
thanks, would you able to modify the title and add 2015...it is a bit vague as ppl may think it is other years? thnz -
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- 12-05-2015 09:37
(Original post by *Stefan*)
Mentioning that subsidies show the true value of the positive externality of a good was sufficient. You still ought to link that to how subsidies reduce market failure.
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Joseph!?!?!?
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- 12-05-2015 10:10
stefan, i was just wondering i drew a diagarm of negatuve externalties in my essay and was just wondering how much i will be capped by, i drew other diagrams to which i think were correct but will drawing that one wrong diagram cap me by too much?
i wrote about other methods, advanatges and disadvangtes of subisidy to and think all that bit was correct. -
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- 12-05-2015 10:14
(Original post by Joseph!?!?!?)
stefan, i was just wondering i drew a diagarm of negatuve externalties in my essay and was just wondering how much i will be capped by, i drew other diagrams to which i think were correct but will drawing that one wrong diagram cap me by too much?
i wrote about other methods, advanatges and disadvangtes of subisidy to and think all that bit was correct.
They don't cap because of mistakes -provided you met the level criteria with other points, you can still earn high marks.
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Joseph!?!?!?
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- 12-05-2015 10:24
I was a bit rushed and was just simply trying to show market failure, a bit silly really!
Thanks very much for your rreply, hopefully they will adopt positive marking and I won't he to badly affected
Thanks again!! -
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- 12-05-2015 10:30
(Original post by Joseph!?!?!?)
I was a bit rushed and was just simply trying to show market failure, a bit silly really!
Thanks very much for your rreply, hopefully they will adopt positive marking and I won't he to badly affected
Thanks again!!
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