EcoHL P3 M06 TZ0 M

EcoHL P3 M06 TZ0 M - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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Unformatted text preview: c IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI M06/3/ECONO/HP3/ENG/TZ0/XX/M+ MARKSCHEME May 2006 ECONOMICS Higher Level Paper 3 18 pages - 2 - M06/3/ECONO/HP3/ENG/TZ0/XX/M+ This markscheme is confidential and for the exclusive use of examiners in this examination session. It is the property of the International Baccalaureate and must not be reproduced or distributed to any other person without the authorization of IBCA. - 3 - M06/3/ECONO/HP3/ENG/TZ0/XX/M+ In addition to the assessment criteria use the paper-specific markscheme below. Award up to the maximum marks as indicated. 1. (a) Define the following terms indicated in bold in the text: (i) price discrimination (paragraph ¡ ) level 0 Wrong definition 1 Vague definition Vague response about different prices. 2 Precise definition Precise definition such as charging a different price to customers for an identical good or service. (ii) multinational corporations (paragraph ¢ ) . level 0 Wrong definition 1 Vague definition Vague response about a large company. 2 Precise definition Precise definition such as a company that has productive units in more than one country. [2 marks] 0 1 2 [2 marks] 0 1 2 - 4 - M06/3/ECONO/HP3/ENG/TZ0/XX/M+ (b) Explain, using the text and your knowledge of economics, the conditions necessary for pharmaceutical companies to successfully employ “differential pricing schemes” (paragraph ¡ ) . level 0 Inappropriate answer 1 Identification of theory Candidates who give a broad answer or who focus on the text only. 2 Correct application of appropriate theory Precise description of at least two of the conditions necessary for successful price discrimination, such as • the company must have monopoly power (price maker) • the company must keep buyers from different market groups separate (illustrated in the text) • there must be different demand curves and therefore different PED for separate groups of buyers. To reach full marks, there must be some reference to the text. [4 marks] 0 1-2 3-4 (c) Using a production possibility curve diagram, explain the impact on economic growth of any delay in dealing with the HIV/AIDS epidemic in countries such as South Africa. level 0 Inappropriate answer 1 Identification of appropriate theory Vague description heavily based on the text. 2 Correct application of appropriate theory A PPC diagram showing an inward shift in the PPC due to a decrease in the quantity or the quality of labour due to HIV/AIDS. The axes must be labelled with some type of competing uses, e.g. consumer goods and capital goods. A maximum of [3 marks] may be awarded if the axes are inappropriately labelled. [4 marks] 0 1-2 3-4 - 5 - M06/3/ECONO/HP3/ENG/TZ0/XX/M+ (d) Using information from the text and your knowledge of economics, evaluate the role of a multinational corporation in assisting the economic development of a less developed economy....
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.

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EcoHL P3 M06 TZ0 M - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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