Christmas Prep Data response: The Toy market
01 definition (5 marks)Give as clear and conside a definition as posible include an example where appropriate
02 data question (8 marks)
make two observations about the data support with data reference and units clearly stated - think highs and lows (range) start points and finish points or trends within the data
03 diagram (12 marks)
start with a definition of demand supply and the toy market (2 marks), then use the extract to identify a demand and/or supply side factor that has impacted upon the market (2 marks), draw a diagram to highlight the change in market equilbrium (4 marks), then explain how the price mexhanism brings about the movement from one equilibrium to another (4 marks), finally write a brief pargraph about longer term developments or complications (4 marks)
04 discussion (25 marks)
Start by explaning how the market finds an efficient equilbrium, refer to the chart and extract explicitly to create context.
Highlight particular characterisitics specific to the toy market which may mean that this equilibrium is in fact is a position of over production of consumption using extract reference to support your points
Suggest two alternative policy interventions to correct the problem, illustrate how they work by drawing a diagram
Write a concluding paragraph that suggests a combination of policies, posssible problems in the longer term that may be caused through intervention
Support Material:
bbc click video games and violence (06/12/2011)
bbc panorama addicted to games (bbc 12/2010)
games industry
bbc report 10 mins
