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    Regulations or POLLUTION permits
    Is concentrate on these two mostly but also go over ether possible one cause OCR could be sneaky lmao
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    (Original post by martinnmartin)
    Regulations or POLLUTION permits
    Is concentrate on these two mostly but also go over ether possible one cause OCR could be sneaky lmao
    Everyone has said regulation

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    Everyone last year said Subsidies/TPP. I'm just shocked that even Privatisation has come up but not TPP..
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    I was told by my teacher that regulation predominantly should be considered to be a maximum amount of good x that people can consume such that the diagram would have a vertical line at the social equilibrium forcing people to consume that. Would this be valid to write in the exam?
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    He's everything that came up from 2009

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    (Original post by dailyraces)
    I was told by my teacher that regulation predominantly should be considered to be a maximum amount of good x that people can consume such that the diagram would have a vertical line at the social equilibrium forcing people to consume that. Would this be valid to write in the exam?
    That sounds like a quota to me. Regulations could be age restriction on the sale of an item, forcing manufacturers to provide more information, legislations that increase cost of production.
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    Watch the Econplusdal Regulation vid
    https://www.youtube.com/watch?v=EgmLCNJFmpw
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    (Original post by keynes24)
    That sounds like a quota to me. Regulations could be age restriction on the sale of an item, forcing manufacturers to provide more information, legislations that increase cost of production.
    Thanks for the response. Yeah, so to clarify, would that legislation increasing cost of product shift supply to the left, and providing more information would shift demand according to whether or not the information provided increased or decrease demand overall fixing market failure?
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    (Original post by dailyraces)
    Thanks for the response. Yeah, so to clarify, would that legislation increasing cost of product shift supply to the left, and providing more information would shift demand according to whether or not the information provided increased or decrease demand overall fixing market failure?
    yes
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    What is an alternative to tradeable pollution permits?
    Regulation?

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    How do I do the positive externalities diagram with the D/S curves (not msb ones)
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    (Original post by Pato1)
    How do I do the positive externalities diagram with the D/S curves (not msb ones)
    Demand shifts to the right to reduce the underconsumption of merit goods
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    OMG the exam is tomorrow!!!!!!!!! Good luck everyone
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    Good luck man
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    PPF: Last seen Jan 13

    Producer Surplus: Last seen Jan 12

    TPP: Last seen; Never been examined as a question ever

    Regulation: Last seen Jun 13

    XED: Last seen Jan 12

    Factors of Production: Last seen Jun 14
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    Can you state that banning the whole sector comes under Regulation?
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    (Original post by Pato1)
    Can you state that banning the whole sector comes under Regulation?
    Yes, regulation can be in the form of rules/regulations, providing information, banning etc...
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    I seem to struggle more on section A and do well in the essay. Any advice for section A?


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    (Original post by Arlenambxx)
    I seem to struggle more on section A and do well in the essay. Any advice for section A?


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    do past papers, same questions come up every time
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    The only 18 marker that hasn't been tested under this specification is: Discuss whether competitive markets always lead to allocative efficiency.... That's a strong possibility seeing as this is the last year
 
 
 
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