OCR 2888: Economics in a European Context

How did you get on in the Development module? It's something we're doing too.

Reading through the extracts, something on market failure is a must surely? Probably to do with pollution and something on externalities for the first question.

Woah, pretty impressive results all round for you (just checked your profile). Development seems to have a huge quantity, but not a lot of depth to it, which is a problem when we only started it a few weeks back. I'm comfortable with all the economic concepts (they don't appear to be particularly challenging to be honest), it's just the sheer quantity that'll probably be problematic. Meh, it'll be simple compared to this dastardly module.

Reading through the extracts, something on market failure is a must surely? Probably to do with pollution and something on externalities for the first question.

I got on well with the Development module (87/90).
It's quite a descriptive module so if you learn all the material you shouldn't find it too difficult.
There weren't many concepts to apply or really think about.

That's impressive result . Was there much difference about the way you answer the question in AS ? I found it difficult to pass all 4 level in essay questions .

I got an E on this paper in Jan which is really annoying me now . I dont know why it was that bad indeed. Btw, I am following the OCR Advanced economics by Peter Smith

Any advice for me to improve the score in June ? Thanks mate

There are some useful support materials for Unit 2888 June 2008 here:

http://www.tutor2u.net/blog/index.php/economics/C200/

Jim

I think it would be a good idea if we looked at each extract in detail and discuss them.

is this ok with everyone?
you can contribute what you find out and ask questions about the extracts that are being discussed.

The organisation sounds like an excellent idea definitely!

Ok, i hope people don't forget about this thread, the more people the more ideas the better,

Here is some information that might be useful for Extract 1.

Fig. 1.1
Central and Eastern Europe's car production is increasing at a much larger rate than western Europe’s car production, this trend has been the decision of many main manufacturers to invest in production capacity in Central and Eastern Europe(CEE) , this was to enlarge the EU and take advantage of lower production costs.

this will benefit the economies of CEE, however it's not clear whether the benefits of low production costs in CEE economies have been passed through to consumers in the EU15 (The 15 countries in the EU before the expansion of the EU in 2004)

Fig. 1.2
Western Europe's light vehicle sales is much higher than CEE's sales, however the CEE's sales are increasing significantly and they are predicted to double by 2011, sales in CEE could be increasing for a number of reasons:
1) more car manufacturers are taking advantage of lower production costs in CEE economies, this benefit could be passed on to consumers in these countries.
2) cars are cheaper in CEE

economics integration could help to decrease significant car price differentials

feel free to add info about extract 1 or what I’ve wrote.