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Economics Applicant Thread UCAS 2012

Reply 2440

StarChamber

Original post by 94george94

It's all part of the IMF's 'shock therapy' - whether this actually has ever worked or not I don't know?

I'm not a fan of neo-liberalism :no:

... in this context at least.

Reply 2441

94george94

1

Original post by StarChamber

I'm not a fan of neo-liberalism :no:

... in this context at least.

Personally i don't believe neo-liberalism works at all, can we actually trust a fully market-driven economy? Will it really find the best allocation of scarce resources? Take China for example, it's far from being a completely market driven economy, it's international trade is still pretty barred, and one could argue that it's rise as an economic power is down to the implication of good social policy, rather than an outright focus on economics.

Reply 2442

DylanLJG

11

Original post by 94george94

Personally i don't believe neo-liberalism works at all, can we actually trust a fully market-driven economy? Will it really find the best allocation of scarce resources? Take China for example, it's far from being a completely market driven economy, it's international trade is still pretty barred, and one could argue that it's rise as an economic power is down to the implication of good social policy, rather than an outright focus on economics.

I agree, although a liberalised market works works more efficiently, the government is still needed to correct market failures that the markets cannot solve on their own. For example: the deregulation of monopolies, unemployment benefits are arguable and property rights. :biggrin:

Reply 2443

Psychotic546

Original post by 94george94

Not to mention all the conditionalities that the IMF impose on the recipient country. They'll impose the Washington Consensus, throw money at Greece to keep a stable exchange rate/ keep inflation low, whilst in the meantime ignoring the economists of Greece.

Just thought I'd point out they have accepted some of their mistakes in regards to this and have said they'll change their policy :cool:

Reply 2444

94george94

1

Original post by Psychotic546

Just thought I'd point out they have accepted some of their mistakes in regards to this and have said they'll change their policy :cool:

That's all good and proper, but one cannot forget the masses of countries that have had stunted growth due to the IMF. I'll believe they've changed their policies when I see it put into action.

At the end of the day the IMF is like 2girls1cup... it's just full of **** really. :colone:

Reply 2445

StarChamber

Original post by Psychotic546

Just thought I'd point out they have accepted some of their mistakes in regards to this and have said they'll change their policy :cool:

I don't think that's good enough! Let's see when they actually change policy.

Original post by 94george94

That's all good and proper, but one cannot forget the masses of countries that have had stunted growth due to the IMF. I'll believe they've changed their policies when I see it put into action.

At the end of the day the IMF is like 2girls1cup... it's just full of **** really. :colone:

Reply 2446

94george94

1

Original post by StarChamber

I rest my case.

Reply 2447

-Illmatic-

11

Original post by StarChamber

An...erm...interesting analogy... :K:

Reply 2448

nightmare91

7

Original post by 94george94

That's all good and proper, but one cannot forget the masses of countries that have had stunted growth due to the IMF. I'll believe they've changed their policies when I see it put into action.

At the end of the day the IMF is like 2girls1cup... it's just full of **** really. :colone:

One of the most random comparisions I have read in a while :rofl:

Reply 2449

94george94

1

Original post by nightmare91

One of the most random comparisions I have read in a while :rofl:

Sorry, I've spent too much time doing MUN...

Reply 2450

nightmare91

7

Original post by 94george94

Sorry, I've spent too much time doing MUN...

I rep'd your post because it made me laugh :biggrin:

... Kind of need that right now. School work is killing me...

Reply 2451

perrytheplatypus

14

Unfortunately I have on idea what you lot are on about anymore so cannot select a random youtube video for this occasion.

(edited 12 years ago)

Reply 2452

StarChamber

Original post by perrytheplatypus

Unfortunately I have on idea what you lot are on about anymore so cannot select a random youtube video for this occasion.

I think these can be brought out on any occasion. Especially in this thread :h:

I confess I have no idea what's going on either. Perhaps this can provide some education and entertainment.

Reply 2453

94george94

1

Just going to leave this one here aswell:

And if we wanna buy it cheap, who do we go to? CHINA/
Even though our stuff is finer/
'cause their whole workforce is made up of minors

Expect to see that in my next exam...

Reply 2454

expopyro

Nottingham officially changed their entry requirements aaaargh i wanted at least one uni choice with a AAA offer...

3 'A' levels at A*AA-AAA grades (or A*ABB-AABB if taking 4 subjects). Not including General Studies.

Reply 2455

CloClo7

Original post by 94george94

Yeah I'm planning on self teaching FM this year, but I need to speak to the school about entering me into the exams. If so I'd be doing FP1, S2, D1.

Good idea, I want to do S2 instead of M1 but my school are being silly at the moment :rolleyes:

I also spoke to admissions for my course, and they said that its the A2 further maths that would help, so doing just the AS wouldn't really bolster applications (remember this is not for economics).

Reply 2456

nightmare91

7

Original post by expopyro

Nottingham officially changed their entry requirements aaaargh i wanted at least one uni choice with a AAA offer...

3 'A' levels at A*AA-AAA grades (or A*ABB-AABB if taking 4 subjects). Not including General Studies.

I'm wondering what the general offer in 5 years looks like. A*A*A*? They've got to change something... grade inflation!!

Reply 2457

Groat

13

Original post by expopyro

Nottingham officially changed their entry requirements aaaargh i wanted at least one uni choice with a AAA offer...

3 'A' levels at A*AA-AAA grades (or A*ABB-AABB if taking 4 subjects). Not including General Studies.

That's quite reasonable. I wonder what makes them decide between giving A*AA offers or AAA offers, though. :s-smilie:

Reply 2458

94george94

1

Original post by nightmare91

I'm wondering what the general offer in 5 years looks like. A*A*A*? They've got to change something... grade inflation!!

The reason for grade inflation is that people who don't need to be doing degrees are going to uni based on the some omnipresent idea that it's some sort of 'social club.'

Reply 2459

alex_hk90

19

Original post by 94george94

The reason for grade inflation is that people who don't need to be doing degrees are going to uni based on the some omnipresent idea that it's some sort of 'social club.'

You're conflating two issues here. Firstly grade inflation is political, 'the public' (read: the media) will go crazy if (heaven forbid) exam results stayed the same or fell from year to year (as obviously that means something is wrong with the education system :rolleyes:

). Then there is the issue that too many people are going to university, which is partly due to what you say, but also partly due to Labour's ridiculous push for 50% of people going to uni (so, once again, political reasons). These issues are only linked insofar as unis then need to ask for higher grades to make sure they're getting students of the required ability.

Economics Applicant Thread UCAS 2012

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