Sunday, April 29, 2012

Exam technique

2 posts from economics help on preparing for the exam, and on evaluation

Sunday, April 22, 2012

Unit 1: Is water a factor of production?

If it is, then many African countries have more resources than they thought according to this report from Aljazeera

a) Using a PPC, explain the effect on a country that suddenly finds it fop have increased

Unit 2: The problem of measuring the true rate of unemployment

A good article for some unemployment figures evaluation from anforme in the form of the rising number of people underemployed

Unit 1: VAT on static caravans

...reports the BBC

a) Using a S&D diagram, explain the likely effect on the static caravan market of imposing VAT on static caravans

Unit 2: Preparing for the macro exam

Fantastic, data packed revision aid from tutor2u, BUT, note that it's not OCR specific and so if there are things in here you don't think we've covered, they're most likely not specifically needed for OCR

Unit 1: The falling demand for CD's

The BBC reports a plunge in CD sales

a) Using the list of the determinants of demand, explain why the demand for CD's is falling
b) Show this effect on a demand diagram

Wednesday, April 18, 2012

Tuesday, April 17, 2012

Unit 2: UK inflation creeps up

....according to these BBC video clips

a) Using an AD/AS diagram explain the cause of this increase in inflation

Unit 1: Allocative efficiency in the milk market

Sky have this good example of allocative eficiency in the use of scarce resources

a) Why does this story reflect the concept of allocative efficiency?

Sunday, April 08, 2012

Unit 1: More actions to reduce smoking

...reports Aljazeera as the display ban comes in to force in large stores

....and this 2 sided discussion on Sky

a) How does the free market for tobacco fail?
b) Evaluate the extent to which this ban is likely to reduce the market failure

Sunday, April 01, 2012

Unit 1: Rising Air Passenger Tax

....reports the BBC

a) What market failure is the tax meant to reduce?
b) Using a S&D diagram, explain how likely this tax will be to (1) reduce the market failure and (2) increase government revenue