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AQA A2 Economics Unit 4 (23rd June 2016)

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Reply 80

Anymorefor123

Original post by thesmallman

no problem, I'm gonna do an economics degree (hopefully) at uni so am always reading around my subject haha :biggrin:

Oh explains why haha ! Good luck anyway ! :smile:

Last q lmao- how can quantitative easing reduce the currency ? ( devalue ) I mean ?

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Reply 81

thesmallman

Original post by Anymorefor123

Oh explains why haha ! Good luck anyway ! :smile:

Last q lmao- how can quantitative easing reduce the currency ? ( devalue ) I mean ?

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Please see my first post (channel no.3) :smile:

Reply 82

cmmary

"Assess the importance of a floating exchange rate to a country trying to achievemacroeconomic stability." (25 marker) - June 2014 - anyone know how to structure an essay to this??
Thanks

Reply 83

JME_CHG

We can talk about both micro and micro economics in both econ3 and econ4 right???

Reply 84

JME_CHG

The current account supposedly reflects our economy's international competitiveness...Outward profit flows are added onto imports as a negative in the current accountBut outward profit flows are generated from FDI - and FDI reflects comparative advantage in our country, thus so does outward profit flows?So does that mean current account underestimates our competitiveness? And does that mean FDI can also be seen as a negative thing?

Reply 85

scrawlx101

no gurantee about brexit guys...these papers are written like a year or two before we do them...

Reply 86

Anymorefor123

Original post by scrawlx101

no gurantee about brexit guys...these papers are written like a year or two before we do them...

What do you reckon is going to come up ?

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Reply 87

LShaha

Honestly I think the referendum will come up because it came up 2014, but not in the exact context and bluntness of the referendum. But, I think it'll have a twist like to what extent will the UK economy's supply side be affected by the EU referendum?

Also a likely global context is China's economic slowdown. It has been going on for years. It has huge impacts on the UK economy as well as the global economy. Therefore there's loads to talk about making it very good as a context question.

Reply 88

Sandtrooper

Volunteer Team

Original post by Anymorefor123

What do you reckon is going to come up ?

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For Micro I think maybe the Royal Mail. For Macro maybe China?

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Reply 89

Nicole_Streakyy

any predictions?

& any essay questions for ECON4 we should know/learn in order to pass?

Reply 90

LShaha

Original post by Nicole_Streakyy

any predictions?

& any essay questions for ECON4 we should know/learn in order to pass?

"Honestly I think the referendum will come up because it came up 2014, but not in the exact context and bluntness of the referendum. But, I think it'll have a twist like to what extent will the UK economy's supply side be affected by the EU referendum?

Also a likely global context is China's economic slowdown. It has been going on for years. It has huge impacts on the UK economy as well as the global economy. Therefore there's loads to talk about making it very good as a context question."

I said this before.

Reply 91

Nicole_Streakyy

How would you structure both essays ?

Sorry for all the questions 🙈

Reply 92

lunaa.lovegood

Original post by LShaha

sry for sounding stupid but what would you talk about for China?

Reply 93

BirdIsWord

Do we have a unit 3 thread too?

Reply 94

wania98

Points to consider when evaluating
#equity Vs equality
#long term Vs shorterm
#is it feasible
# quantity or size of change
# what isthe best argument and why
#Current events - high national debt - AAA credit rating under threat according to the S&P
#efficiency
Etc hereis just a few

Reply 95

wania98

Plus you guy might already know this but the UK doesnt set its on tarrifs the EU does via CET -common external tarrif

Correct me if im wrong

Reply 96

BirdIsWord

Original post by wania98

Plus you guy might already know this but the UK doesnt set its on tarrifs the EU does via CET -common external tarrif

Correct me if im wrong

Lol. It's a single market. You're right

Reply 97

LShaha

Original post by lunaa.lovegood

sry for sounding stupid but what would you talk about for China?

Well China has a huge impact on the global economy, due to its sheer size of economy.

It's slowing down as it is reaching the stage of technology which other modern economies are already at now, the in-flow of capital is slowing down due to changes in labour skills and what sectors they are working in. As a result, there's limited room for China to grow at the rate it has for so long, therefore slowing down.

If China's economy slows down, it will affect its ASEAN trade bloc, which in turn with them as tiger economies, which are linked to several other trade blocs, may therefore affect trade in one way or another through globalisation. You could say the slowdown can cause a negative global multiplier effect through the reduction in China's demand for imports, affecting other countries' demand for exports.

For the UK economy, there's loads you can talk about:
Lower Export Demand:

•

Reduced Chinese demand for exports reduces demand for UK exports. Could affect AD and reduce economic growth.

•

But China only makes up a small percentage of UK exports, but as a component of total UK AD, exports to China are significant

•

Predictions on export growth were largely made off the predictions for China's growth.

Less Chinesestudents:

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International students provide the UK with large sums of money as they pay more than the UK citizen. (Accounts as an export) => lower AD.

Trade Deficit:

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The UK already has a large trade deficit with China. The slowdown will make this worse.

Confidence:

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The slowdown, even having a small percentage of exports, will lead to lower consumer and business confidence => postponing of investments => lower economic growth.

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Larger losses for UK banks due to their exposure in Asia. = The comparative advantage falling, contributing to lower export and economic growth.

Commodities:

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Less demand for commodities from China will lead to lower commodity prices, such as that for oil and iron. As a result, the UK will benefit from these lower prices as these aren't major exports for the UK economy.

Lower Inflation:

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UK already has lower inflation, and due to falling commodity prices as well as possibly Chinese produced goods prices falling => further reduction in inflation rate. Bad and good [Deflation vs Inflation argument]

Reply 98

NotoriousS

Hey! Does anybody have any of their essays for either Unit 3 or 4 they can send me? Im in a bit of a crisis and I am in need of urgent help, so would greatly appreciate any help... (THIS IS A PLEAD FOR HELP)

Reply 99

rainbowcolours1

Has anyone written a good essay evaluating for and against the UK leaving the EU that they wouldn't mind sharing? I would love to get some ideas and I would really appreciate any help possible!