F581/ F582 Economics June 2013

Has exchange rates ever been on the past exams?

Yes know how to draw a graph on how they are determined. it may come up

what wold economic instability definition be?

Yes know how to draw a graph on how they are determined. it may come up

How are exchange rates determined?

if this question is asked , just draw a demand and supply diagram with an equilibrium point and label the axes correctly. boom.

if this question is asked , just draw a demand and supply diagram with an equilibrium point and label the axes correctly. boom.

That question was on the January 2013 paper, it's unlikely to come up :P

aah would of been easy marks

Exams at 9.

That question was on the January 2013 paper, it's unlikely to come up :P

here are the list of definition your ment to know according to the spec

aggregate demand
aggregate supply
what is meant by macroeconomic equilibrium in the macro economy
circular flow of income
economics growth
unemployment
inflation
the balance of payments
income redistribution
economic stability
infation
gdp
real gdp
fical policy
monetary policy
supply side policy
tarrif
international trade

hope this helps

Could someone please help. In a question like 'Discuss the extent to which supply side policies can be effective in reducing inflation'
Can you tell me the best from of structure and in the diagram can price only go down and not upwards in AS

Don't think there's a definition.
Government objectives are; stable inflation, balance of payments in surplus, economic growth and full employment. Economic instability would be the opposite of them? :P

i know haha which is a bit of a shame - but that Jan 2013 paper was a KILLER really glad we're not doing that

Yeah i agree, the essay was A2 like and the question about measuring inflation... i had a vague idea, but nobody revises that!