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Economics help a2 model essays for children

  • 14.04.2019

They have been written by the Principal Economics Tutor , Mr. Edmund Quek, for everyone who can benefit from them. As the essays were written with the examination time constraint in mind, every essay has room for improvement in the absence of time constraint. Many economics teachers give very long answers to essay questions that are virtually impossible to produce within the examination time constraint.

Consider the impact on all macroeconomic objectives. For example, higher interest rates may reduce inflation, but what about economic growth, unemployment, current account and balance of payments? Consider both the supply and demand side. For example, expansionary fiscal policy can help to reduce demand-deficient unemployment, however, it will be ineffective in solving demand-side unemployment e.

However, if confidence is high, higher interest rates may not actually discourage consumer spending. If the economy is close to full capacity a rise in interest rates may reduce inflation but not reduce growth.

AD falls from AD1 to AD2 However, if there is already a slowdown in the economy, rising interest rates may cause a recession. AD3 to AD3 Micro-evaluation 1.

The impact depends on elasticity of demand In both diagrams, we place the same tax on the good, causing supply to shift to the left. When demand is price inelastic, the tax causes only a small fall in demand. If demand is price elastic, the tax causes a bigger percentage fall in demand.

Time lag In the short term, demand for petrol is likely to be price inelastic. However, over time, consumers may find alternatives, e. In the short-term, investment will not increase capacity, but over time, it may help to increase a firms profitability. Time lags. Depends on market structure If markets are competitive, then we can expect prices to remain low.

However, if a firm has monopoly power, then we can expect higher prices. Depends on business objectives If a firm is seeking to maximise profits, we can expect prices to rise.

However, if a firm is seeking to maximise market share, it may seek to cut prices — even if it means less profit. Behavioural economics In economics, we usually assume individuals are rational and seeking to maximise their utility. Evaluate the possible effects on efficiency and resource allocation of removing these barriers. Explain the meaning of price discrimination and the conditions necessary for price discrimination. Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination.

Evaluate different ways in which governments could make markets more competitive. Discuss the extent to which new technology, such as the internet, has increased or decreased the competitiveness of markets. Government Intervention Discuss the impact of deregulation on the local bus industry in Great Britain.

Evaluate the view that the government should give financial assistance to firms producing cars in the UK to increase their competitiveness. Evaluate the view that government intervention can correct all the market failures caused by the effects of economic activity on the environment. In some European countries, price controls are imposed upon pharmaceutical companies. Discuss the case for government intervention to control market prices. Discuss whether the government should ever consider nationalising privatised industries?

Labour Markets Footballers receive high pay, while those in disagreeable occupations, such as road sweepers, are among the most lowly paid. How does economic theory explain such differences in pay? Assess the case for and against the government intervening to raise the disposable income of workers on low pay.

Do you agree that if a trade union persuades employers to increase wages in a labour market, employment must inevitably fall in that labour market? Justify your answer? Assess three labour market policies which might be used to increase the level of employment amongst incapacity claimants and lone parents on benefits. Discuss the impact of net migration on UK labour markets Discuss the relative merits of welfare benefits and taxes for reducing relative poverty in the UK.

Discuss the case for a toll on motorway travel. Discuss whether giving increased subsidies to firms providing bus services would correct the market failure arising from urban road congestion.

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A-level results day At the age of 15, university can seem a long way off. Speaker can we help him? Here the experts offer their views on A-levels. Question: How can I help outside son decide between business writing economics at A-level? Evaluation am trying to help my son decide which Paper subjects to choose.
In the past, utility industries such as the postal service, electricity and gas, have been heavily protected by entry barriers. Justify your answer? Evaluate the possible consequences of a falling rate of inflation for the performance of the UK economy. How to evaluate questions which require it. Labour Markets Footballers receive high pay, while those in disagreeable occupations, such as road sweepers, are among the most lowly paid. In the summer of Dai Jitao published two books on Sun Yat-sens philosophy that argued against having Communists in the Guomindang. Bear in mind, failure to answer the question can lead to a very low mark. Explain the possible causes of economic growth.
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However, this question is quite specific; it only wishes to know the impact on fiscal and monetary policy. Discuss factors that may limit economic growth rates in different countries. Feng Yuxiang and Zhang Zuolin fought a costly war in that lasted eight months. What is the impact of higher interest rates? If appropriate, you could try and rephrase the question into a simpler version.
Economics help a2 model essays for children
List of 50 questions included in the pdf at the bottom. If you write in short sentences, it may sound a little stilted; but it is worth remembering that there are no extra marks for a Shakespearian grasp of English. Examine the macroeconomic implications of a significant fall in UK House prices, combined with a simultaneous loosening of Monetary Policy. When demand is price inelastic, the tax causes only a small fall in demand. Yuan spent money building and improving prisons and to make elementary education free and compulsory for boys.

Time lag In the short term, demand for petrol is likely to be price inelastic. Although China rejected the peace treaty with Germany, they signed one with Austria-Hungary; thus China became a member of the League of Nations. Many economics teachers give very long answers to essay questions that are virtually impossible to produce within the examination time constraint. Justify your answer?
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Assess the economic effects of a significant increase in taxation on the UK economy. There is some anecdotal feedback that economics is seen as a slightly higher-status subject than business studies. However, due to the growing unrest in the Middle East sparked by the Egyptian Revolution that began on 25 January , oil prices have started to rise. All A-levels are created equal, but economics is still regarded as a more academic A-level than business studies, by many people. How can I help him with his decision making?
Economics help a2 model essays for children
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In the past, utility industries such as the postal service, electricity and gas, have been heavily protected by entry barriers. Therefore, as a result, they can get zero for a question. But, one feature of these essays is that they stick to answering the question. Evaluate the potential impact on the economic growth of the UK economy if it were to adopt the single European currency.
Also, note how much evaluation I will add for any question which asks for discuss, evaluate, assess e. The impact depends on elasticity of demand In both diagrams, we place the same tax on the good, causing supply to shift to the left. Evaluate the possible problems for the UK economy of increased government borrowing. Explain how interdependence and uncertainty affect the behaviour of firms in Oligopolistic markets Evaluate the view that only producers, and not consumers, benefit when oligopolistic firms collude to try to reduce the uncertainty they experience. In spite of this, some governments subsidise petrol while others impose a tax on it.

Revenues increased by 1. If the economy is close to full capacity a rise in interest rates may reduce inflation but not reduce growth. This is what we mean by evaluation.
Economics help a2 model essays for children
As a result, those with mortgages will have lower disposable income. In the short-term, investment will not increase capacity, but over time, it may help to increase a firms profitability. However, the Japanese pointed to the agreement Beijing made in with Japan, and on April 30, Wilson, and 89 on a college paperwork Lloyd George, and Georges Clemenceau decided to grant Shandong to Japan despite the latters promise to restore it to China. Maybe, but it works in the vast majority of cases. Yuan spent money building and improving prisons and to make elementary education free and compulsory for boys.
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Discuss factors that may limit economic growth rates in different countries. If the economy is close to full capacity a rise in interest rates may reduce inflation but not reduce growth. Is he reading widely about economic questions raised by Brexit, for example? Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination. See: behavioural economics.

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