Economics help

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    (Original post by zainyyyyy)
    Ask anyone questions about economics related questions
    can anyone help with either of these questions

    1.
    You have been charged with putting together a redundancy package for a departing executive. The executive has asked for the following: (1) The present value of the next two years’ lost pay. The executive’s current annual salary is £120,000 and historical salary growth is 5 per cent per annum. (2) £100,000 for reputation management and a non-disclosure contract. (3) £20,000 non-competition agreement. If the effective annual interest rate is 6 per cent, what is the size of the settlement? If you were the departing employee, would you like to see a higher or lower interest rate?

    2.
    You have an investment that will pay you 1.17 per cent per month. How much will you have per euro invested in one year? In two years?
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    (Original post by kas9)
    Mainly because we didn't get taught macro very well last year, due to our teacher unexpectedly falling ill, resulting in substitute teachers. However macro from AS is needed in A2, with added bits. Both overlap, so it's one really.
    In my new school, the current year 13's said that in year 12 their microeconomics teacher showed them the apprentice in most lessons ahah - most ended up with C - E in the mock exams in June. Personally I feel with Economics doing reading and learning yourself is not that difficult and you should try to get ahead of your class if you can.
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    (Original post by azizadil1998)
    In my new school, the current year 13's said that in year 12 their microeconomics teacher showed them the apprentice in most lessons ahah - most ended up with C - E in the mock exams in June. Personally I feel with Economics doing reading and learning yourself is not that difficult and you should try to get ahead of your class if you can.
    As i've said to many people in this thread, i have ended up reading for micro, and keeping pace with macro.
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    (Original post by kas9)
    As i've said to many people in this thread, i have ended up reading for micro, and keeping pace with macro.
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    (Original post by sahil19)
    3 lessons into economics and I love it! We started with markets and then the supply and demand graphs. What's the hardest part of year 12 economics going to be? Thanks!
    For me it was externalities and supply-side policies. Balance of payments was quite difficult because I found myself asking "so what" half the time lol, considering it was all self-taught from books and I only started in February, I think I did alright
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    zainyyyyy kas9 zayn008


    guys help I'm struggling to make notes and I've left it late is this book good?
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    what have you left too late? its 2 months in. our schools gave us this New A-Level Economics: Year 1 & 2 Complete Revision & Practice. its pretty useful if you like to memorise

    (Original post by Jane122)
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    zainyyyyy kas9 zayn008


    guys help I'm struggling to make notes and I've left it late is this book good?
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    (Original post by Jane122)
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    zainyyyyy kas9 zayn008


    guys help I'm struggling to make notes and I've left it late is this book good?
    Hello! Late for what? Your mocks?

    Also the My Revision notes series are excellent. Love them for every subject, highly recommend you buy it but I would say if you could wait a bit, do. The year 1 & 2 book should be out soon
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    (Original post by zainyyyyy)
    what have you left too late? its 2 months in. our schools gave us this New A-Level Economics: Year 1 & 2 Complete Revision & Practice. its pretty useful if you like to memorise
    Where can I buy it?!!! plus, is memorising ok?
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    you can buy it on amazon just copy and paste the name on google
    (Original post by Jane122)
    Where can I buy it?!!! plus, is memorising ok?
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    (Original post by zainyyyyy)
    what have you left too late? its 2 months in. our schools gave us this New A-Level Economics: Year 1 & 2 Complete Revision & Practice. its pretty useful if you like to memorise
    Is that the CGP one? I didn't find it useful last year cus it's just like a bunch of notes. Revision should be taking information and condensing it into your own notes, CGP have already done that crucial step for you but it's helpful at the last minute I guess
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    (Original post by Jane122)
    Where can I buy it?!!! plus, is memorising ok?
    If it's urgent then you can memorise but when it comes to the actual exam you must make sure you understand everything. DO NOT try and memorise unless it's mark scheme structures because they're the key to the marks
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    I'm planning to take economics for a level and want to ask is the subject hard? Not a lot of people got A* in our school (exam board: OCR) so I'm guessing it could be... I heard there's a lot of graphs to know, right?
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    (Original post by Alicezworld)
    I'm planning to take economics for a level and want to ask is the subject hard? Not a lot of people got A* in our school (exam board: OCR) so I'm guessing it could be... I heard there's a lot of graphs to know, right?
    Like any other subject, you get what you put in. How difficult a subject is, is a matter of perspective and effort.

    I would argue that it it's not particularly difficult. Economics, especially at A-Level, is based on intuition so someone with good logical deduction shouldn't have much difficulty with the subject. The graphs aren't hard at A-Level and are something that takes a minute or two at most to do.
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    (Original post by Jane122)
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    zainyyyyy kas9 zayn008


    guys help I'm struggling to make notes and I've left it late is this book good?
    Notes don't necessarily take long, just space them out.
    I'm not familar with that book, but i'm using the two Powell books, and also the CPG a-level economics guide.
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    (Original post by kas9)
    Notes don't necessarily take long, just space them out.
    I'm not familar with that book, but i'm using the two Powell books, and also the CPG a-level economics guide.
    But the Powell books have too much info :/// I want to do all micro and macro by December. IS physics and maths tutor good?

    zayn008
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    (Original post by zayn008)
    If it's urgent then you can memorise but when it comes to the actual exam you must make sure you understand everything. DO NOT try and memorise unless it's mark scheme structures because they're the key to the marks
    Isn't economics effectively memorising?


    zainyyyyy
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    thats more or less many subjects isn't it? surely every lesson except from essay based questions are memorisation. economics is not 100% memorisation as you have to learn how to do analysis and ****
    (Original post by Jane122)
    Isn't economics effectively memorising?


    zainyyyyy
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    (Original post by Jane122)
    But the Powell books have too much info :/// I want to do all micro and macro by December. IS physics and maths tutor good?

    zayn008
    Do you mean Hodder education? I also recommend them. I've used every revision guide and in my opinion those ones were the best but for long term revision, if it's for exam prep or in a rush then it's my revision notes. I did also use physics and maths tutor and plan to use them again, I used them as more of a checklist as I worked myself through the course. The more resources, the better. Just make the best decision on how you use them but only you can make that decision. I've used pretty much every resource for the new edexcel spec and there's a gain in all of them, some for the long term others for the short term
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    Would second the hodder books. Really good stuff in them.

    (Original post by Jane122)
    Isn't economics effectively memorising?


    zainyyyyy
    Imo, no. It's more about logical deduction. If you can follow the process it's easy and you should just "get it".
 
 
 
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