OCR Economics A Level 2019

I did 3 and 5 and included some if those points. Time was a bit rushed as I started with 25 markers so probs spent too long on them; had to write the 12 marker in the last 10 mins but I managed to make 4 points with evaluation and a judgement so I think it went okay - only semi completed the judgement of one of the 25 markers and didn't have time to go back to it but I think I managed to already mention the important parts of the judgement

Original post by Cheetah.

I did 3 and 5. 3 you could talk about loss of jobs, monopolies, purchasing economies of scale and increased gov rev through tax/increased gov spending on universal credit due to job losses.How was time?

Reply 43

Cheetah.

7

Original post by idk01

I did 3 and 5 and included some if those points. Time was a bit rushed as I started with 25 markers so probs spent too long on them; had to write the 12 marker in the last 10 mins but I managed to make 4 points with evaluation and a judgement so I think it went okay - only semi completed the judgement of one of the 25 markers and didn't have time to go back to it but I think I managed to already mention the important parts of the judgement

Yeah, I had 6 minutes to go on the 12 marker. I rushed it, did 1 point for, 1 against and a very bad conclusion. 8 marker was a bit rushed. The rest of Section A was alright. I started by doing both 25 markers first, I did 4 pages for each. I think I spent a bit too much time on it.

Hopefully our Macro will go fine!

Reply 44

J.berryy546

I’m the data response it clearly said AC goes down so you were probably supposed to show a downwards shift in AC

Original post by alevel.student99

I’m just confused with the whole of question 4 tbh, i was just wondering what you did to your graph after drawing the SR monopolistic diagram and said about it

Reply 45

Madberty

4

Who else did the price ceiling 25 marker? Stupidly didn’t mention excess demand but my counter and evaluation was decent. Mentioned potential black markets, costs of regulation, and potential risk that construction of housing might be disincentivesed(?). Eval was depends on location, size of difference between market and max price, etc. Did one diagram. All in all was a bit dead for me though.

Reply 46

nunu195

same

Original post by chenyy18

I think you only had to shift AC, it said it in the stimulus material that the firm had lowered average costs. Also what did people do for the 25markers? Perfectly contestable market and The basic economic problem for me.

Reply 47

nunu195

what were peoples points for the specialisation essay?

Reply 48

Ryan Right

10

that was Abit tricky so I went with the other

Reply 49

MNOV

11

what did u guys put for the nominal/real wages question and the change in dependency ratio?

Reply 50

Ryan Right

10

dependency ratio decreases

Reply 51

ana1234765

how does the black market relate to consumer surplus and producer surplus

Reply 52

Dependency ratio increases as the gap between he two lines got smaller and I put the difference at the start and the end of the time period

Also I said inflation was whatever the number was that made real wages what it was; were we supposed to use info from the extract in calculating inflation other than the difference between nominal and real wage?

Original post by MNOV

what did u guys put for the nominal/real wages question and the change in dependency ratio?

Reply 53

MNOV

11

Original post by idk01

Dependency ratio increases as the gap between he two lines got smaller and I put the difference at the start and the end of the time period

Also I said inflation was whatever the number was that made real wages what it was; were we supposed to use info from the extract in calculating inflation other than the difference between nominal and real wage?

yeah i put the dependency ratio decreases but I said that there was a decrease in the rate of inflation because nominal wage rate for a higher than real or did i mix it up? lol

Reply 54

If there are more dependents relative to people in the workforce, surely the dependency ratio increases?

With the inflation one, let's say (since I cant remember the actual figures) nominal was 2% wage growth but real was -0.5% - I said that inflation was 2.5% which explains the difference between nominal and real

Idk if this is right tho??

Original post by MNOV

yeah i put the dependency ratio decreases but I said that there was a decrease in the rate of inflation because nominal wage rate for a higher than real or did i mix it up? lol

Reply 55

Neil621

8

Original post by idk01

It's the % of people in the working population that are employed/looking for a job

What span me out is it didn't say whether those who were unemployed were looking for work, or if they weren't but I suppose you have to assume they weren't in order to answer the question

what percentage did you get?

Reply 56

Neil621

8

Original post by idk01

If there are more dependents relative to people in the workforce, surely the dependency ratio increases?

With the inflation one, let's say (since I cant remember the actual figures) nominal was 2% wage growth but real was -0.5% - I said that inflation was 2.5% which explains the difference between nominal and real

Idk if this is right tho??

i put increase as well. And for the nomial and real one i just explained the difference between them

Reply 57

Original post by Neil621

what percentage did you get?

Cant remember, very high something like 97 or 98%

Reply 58