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    if the essay is on regulation, has anyone got any useful points to consider?? i got an e somehow last year but hoping for a b at least this time round!!
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    Check out G conomics on YT
    His latest video is on regulation and how to structure An 18 marker on it

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    (Original post by martinnmartin)
    You all ready for Monday? Lets kill the ***** that is f581

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    Predictions:

    PPC
    Producer Surplus
    XED

    Regulation OR Tradeable Pollution Permits (never came up)
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    I agree. PPC hasn't come up for 2/3 years now. Also last year Consumer surplus came up. I think it will be Regulation but never know
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    Also Tradeable Pollution Permits are NOT a form of regulation but only an alternative solution
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    Can you draw the PPC/PPF as a straight line instead of a curve?

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    (Original post by Pato1)
    Also Tradeable Pollution Permits are NOT a form of regulation but only an alternative solution
    Yes exactly. If the 18 markers was regulation to reduce pollution for example, to get into L4 and L4a an alternative policy e.g. Pollution permits will also need to be discussed.
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    (Original post by martinnmartin)
    Can you draw the PPC/PPF as a straight line instead of a curve?

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    Yes, either one is acceptable but curve is how it's drawn in mark schemes.
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    Curve is better to use imo as it is a more realistic illustration of the allocation of resources.
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    Guys I think the grade boundaries will be very high as its the last exam and everyone taking it has already taken in last year
    Either that or the paper will be very hard

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    (Original post by martinnmartin)
    Guys I think the grade boundaries will be very high as its the last exam and everyone taking it has already taken in last year
    Either that or the paper will be very hard

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    Last year grade boundaries where really high, do you think they gona be higher than last years
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    (Original post by martinnmartin)
    Guys I think the grade boundaries will be very high as its the last exam and everyone taking it has already taken in last year
    Either that or the paper will be very hard

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    What would be the point of making it more difficult? the paper would be at the same level of difficulty as usual. Regarding Grade boundaries, are students retaking as prepare as someone doing it since the start of the year? Some people may have left revision for the last few weeks before the exam
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    (Original post by Deepak96)
    For a PPC, how do you know what factor is on which axis?
    Depends on the context, the extract and question will be quite clear on what to write.
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    (Original post by Deepak96)
    For a PPC, how do you know what factor is on which axis?g
    Whichever good/service you want to increase, you put it on the x axis. It's a lot easier if you have to give explanation.
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    So alternatives are good to use instead of Regulation?
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    Indirect tax is the best alternative to regulation

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    (Original post by martinnmartin)
    Indirect tax is the best alternative to regulation

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    Why would you say indirect taxation over subsidies?

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    Well depends if the good is a demerit good or merit good.
    If it is a merit good with positive externalities then subsidies
    But if a demerit good with negative exteralites then indirect tax

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    I was told that the exams would probably be easy to show that the pass rate is too high, and that the new spec will be a lot better
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    (Original post by martinnmartin)
    Well depends if the good is a demerit good or merit good.
    If it is a merit good with positive externalities then subsidies
    But if a demerit good with negative exteralites then indirect tax

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    I agree, what do you think the 18 marker will be this year?

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