That had very little substance. Also it's self-contradictory and illogical to say that "risky mortgages push up house prices beyond the reach of ordinary people" when the risky mortgages are what allowed many 'ordinary people' to purchase houses they could never really afford.
I was unaware that it was only being introduced in 2019. But I imagine it is a very complex process, which, if rushed, could could large fluctuations in credit available which would cause all kinds of problems. Well hopefully by 2019 economic growth throughout Europe will have picked up, but your point is true, it should be implemented at a time when an immediate increase in commercial and corporate borrowing rates can be weathered by the economy. However, you could argue that once the retail sectors of banks are ring-fenced, their corporate arms are no longer protected by the government, so cities such as London, may become less profitable of a location for financial services firms than before, causing them to move overseas. This could cause more economic damage than the cost of bailing out all of our banks combined.
I'm glad you agree. It's already causing problems in America with the Dodd-Frank Act which is costing firms up to $100,000 just to fill out the form or something iirc.
On another note, I really hope the Amazon tax goes through, it actually makes me angry. Tax loopholes :fuhrer:
That had very little substance. Also it's self-contradictory and illogical to say that "risky mortgages push up house prices beyond the reach of ordinary people" when the risky mortgages are what allowed many 'ordinary people' to purchase houses they could never really afford.
It is rather over-dramatised but you cant deny that at least before 2008 banks created money in the respect that more money was lent out than deposits existed. Correct me if I'm wrong :/
In general or for a specific question? If it's for an essay I'd say the thing it lacks in are the problems/limitations of F.P. like time lag, opportunity cost etc. but as far as explaining fiscal policy and how it works it's pretty much dead on.
I'm glad you agree. It's already causing problems in America with the Dodd-Frank Act which is costing firms up to $100,000 just to fill out the form or something iirc.
On another note, I really hope the Amazon tax goes through, it actually makes me angry. Tax loopholes :fuhrer:
It is rather over-dramatised but you cant deny that at least before 2008 banks created money in the respect that more money was lent out than deposits existed. Correct me if I'm wrong :/
Has China unblocked youtube? hallelujah.
In general or for a specific question? If it's for an essay I'd say the thing it lacks in are the problems/limitations of F.P. like time lag, opportunity cost etc. but as far as explaining fiscal policy and how it works it's pretty much dead on.
I'm not sure would it be enough for unit 2 module? I wasn't aware it would be in the essay section.
It is rather over-dramatised but you cant deny that at least before 2008 banks created money in the respect that more money was lent out than deposits existed. Correct me if I'm wrong :/
Has China unblocked youtube? hallelujah.
More money is always lent out than deposits exists, but that's been happening for ages (if I remember correctly it's called the money multiplier) - it's not specific to the 2008 crisis.
And unfortunately not, I have to use a VPN to visit YouTube, Facebook, Twitter, etc.
How much a step up is an Economics degree from A-level, because I looked in my brothers first year Microeconomics book an it didn't look that different. He was at St Andrews, just doing one module in Econ.
How much a step up is an Economics degree from A-level, because I looked in my brothers first year Microeconomics book an it didn't look that different. He was at St Andrews, just doing one module in Econ.
It's a very big step up - well, it was at Cambridge anyway.
Ok thanks, Ive heard it's hard. What sort of things did you do in first year? What aspects did you find difficult? Is the quantitative side difficult?
First year papers were Micro, Macro, Quantitative Methods (Maths, Stats and basic Econometrics), Political and Sociological Aspects, British Economic History. I found the essay writing papers (the last two) difficult due to the amount of reading required. Personally I found the quantitative side not to be too difficult, but many people are the opposite.
Have you now graduated from Cam? If so, are the career opportunities good and is it true about the rumoured starting salaries of £40,000 + ?
Yes I graduated over a year ago. And yes the career opportunities are good. Those kind of starting salaries are possible in investment banking, finance and certain consultancies. (Un)Fortunately I'm not in any of those.
How much a step up is an Economics degree from A-level, because I looked in my brothers first year Microeconomics book an it didn't look that different. He was at St Andrews, just doing one module in Econ.
Just to add to the debate but from the perspective of Nottingham, it's also a big step up. First year had an increase in the quantity of economics we were exposed to, while 2nd and 3rd year were a step up in terms of material covered.
First year papers were Micro, Macro, Quantitative Methods (Maths, Stats and basic Econometrics), Political and Sociological Aspects, British Economic History. I found the essay writing papers (the last two) difficult due to the amount of reading required. Personally I found the quantitative side not to be too difficult, but many people are the opposite.
Yes I graduated over a year ago. And yes the career opportunities are good. Those kind of starting salaries are possible in investment banking, finance and certain consultancies. (Un)Fortunately I'm not in any of those.
If you have a good enough degree, why wouldn't you go into IB?