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Reply 2920
Hey. Could any A level economists or higher help me fill out my questionnaire for my EPQ on economic growth. I'm hoping to get 20 responses. The link is https://www.surveymonkey.co.uk/r/TKDKZJN
Thank you
Thank you
Reply 2921
guysssss!!!!! please help I'm in year 11 about to do my gases eek.. and i really really want to do economics like I'm so excited for it.. however i have heard that you need a grade 6 in english language to be able to do it.. wit did you guys get for english language in order to do economics and what happens if you don't get the grade??
Reply 2922
For an a level economics revision booklet:
Reply 2923
Hi, how do I calculate the long-run price level in Australia in this question?
Use the money market with the general monetary model and foreign exchange (FX) market to answer the following question. The question considers the relationship between the U.K. pound (£) and the Australian dollar ($). Let the exchange rate be defined as Australian dollars per pound, E$/£. In the U.K., the real income (Y£) is 10.00 trill. the money supply (M£) is £50.00 trill., the price level (P£) is £10.00, and the nominal interest rate (i£) is 2.00% per annum. In Australia, the real income (Y$) is 1.00 trill. the money supply (M$) is AU$10.00 trill., the price level (P$) is AU$20.00, and the nominal interest rate (i$) is 2.00% per annum. These two countries have maintained these long-run levels. Note that the uncovered interest parity (UIP) holds all the time, and the purchasing power parity (PPP) holds only in the long-run. The half-life of the deviation from the PPP is 4 years, that is, the deviation from PPP shrinks by 50% in 4 years.
Now, consider time T (today) when the Australian real income falls permanently by 10% unexpectedly so that the new real income in Australia becomes Y$ = 0.90 trill. With the new real income, the interest rate in Australia falls to 1% per annum today. With these changes, the exchange rate today becomes 2.2848, (E$/£ = 2.2848). Assume that Australia and the U.K. use the floating exchange rate system.
Any help would be greatly appreciated!
Use the money market with the general monetary model and foreign exchange (FX) market to answer the following question. The question considers the relationship between the U.K. pound (£) and the Australian dollar ($). Let the exchange rate be defined as Australian dollars per pound, E$/£. In the U.K., the real income (Y£) is 10.00 trill. the money supply (M£) is £50.00 trill., the price level (P£) is £10.00, and the nominal interest rate (i£) is 2.00% per annum. In Australia, the real income (Y$) is 1.00 trill. the money supply (M$) is AU$10.00 trill., the price level (P$) is AU$20.00, and the nominal interest rate (i$) is 2.00% per annum. These two countries have maintained these long-run levels. Note that the uncovered interest parity (UIP) holds all the time, and the purchasing power parity (PPP) holds only in the long-run. The half-life of the deviation from the PPP is 4 years, that is, the deviation from PPP shrinks by 50% in 4 years.
Now, consider time T (today) when the Australian real income falls permanently by 10% unexpectedly so that the new real income in Australia becomes Y$ = 0.90 trill. With the new real income, the interest rate in Australia falls to 1% per annum today. With these changes, the exchange rate today becomes 2.2848, (E$/£ = 2.2848). Assume that Australia and the U.K. use the floating exchange rate system.
Any help would be greatly appreciated!
Reply 2924
I was wondering in essay questions, the mark scheme outlines points that the examiner should look for in the candidate's essay, but are the points limited to those that are stated or is it just a few examples of what could be written?
Reply 2925
12
hi guys I'm a bit concerned as to whether this point is good for a 25 marker i sat today, the question was 'evaulate whether investment by the private sector will allow a government to achieve its macro objectives'
for an evalution I put that investment is not the only component of AD, there are other factors that influence AD, such as govt spending. then I said govt spending may decrease as firms borrow money from the loanable funds market, pushing interest rates up on the loanable funds, thus it is more costly for the government to fund their own spending. henceforth, the increase in I may be negated by an decrease in G. thus short run growth may not increase, so objective of unemployment and growth may not be met.
this is OCR a level economics btw
oh and i also drew the demand for loanable funds market, withe demand shifting right due to the increase in private sector investment incurring an increase in demand for l.funds
for an evalution I put that investment is not the only component of AD, there are other factors that influence AD, such as govt spending. then I said govt spending may decrease as firms borrow money from the loanable funds market, pushing interest rates up on the loanable funds, thus it is more costly for the government to fund their own spending. henceforth, the increase in I may be negated by an decrease in G. thus short run growth may not increase, so objective of unemployment and growth may not be met.
this is OCR a level economics btw
oh and i also drew the demand for loanable funds market, withe demand shifting right due to the increase in private sector investment incurring an increase in demand for l.funds
Reply 2926
Helllo can someone help explain these questions please? Been stuck in these type of questions.... Thank you very much!!
Reply 2927
Can anyone explain to me the consequences of favourable/unfavourable movement in terms of trade.
Reply 2928
Hello guys, just wondering if anyone was sitting the economics AS this year? I would be interested in making a sort of study group and revising together!
Reply 2929
Hi, just wanted to say i'm selling 2 pdf books containing full analysis and evaluation of all Macro and Microeconomics content from the entire course. Which will aid you to consistently score you top marks. These books are strongly recommended by EconplusDal – Gold dust for your study of Economics; AQA, Edexcel, OCR, WJEC, CIE, Educas , IB and AP.
Especially since we are all in quarantine right now, I truly feel like these resources will make sure you are on top of your work, if not go beyond your current expectations. From personal experiences with these packs ,they are great! Ever since using them I was achieving full marks in all essays and occasionally losing a couple marks due to context.
They are in fact the EconplusDal Anaylsis and Evaluation packs which RRP for 89 pounds.
Private message if interested
Especially since we are all in quarantine right now, I truly feel like these resources will make sure you are on top of your work, if not go beyond your current expectations. From personal experiences with these packs ,they are great! Ever since using them I was achieving full marks in all essays and occasionally losing a couple marks due to context.
They are in fact the EconplusDal Anaylsis and Evaluation packs which RRP for 89 pounds.
Private message if interested
Reply 2930
Reply 2931
Explain how an appreciation of its currency is likely to affect a country’s rate of economic growth. (15 marks )
how would you go about answering this question and what graphs would you draw?
how would you go about answering this question and what graphs would you draw?
Reply 2932
can anyone help me with this please .... thank you
Suppose the separation rate is 4 percent and the rate of job finding is 12 percent per month in an
economy. In this month, there are 500 workers in the labour force. Only 400 workers have jobs
Calculate:
I. the number of unemployed this month,
II. the unemployment rate this month,
III. the number of unemployed next month,
IV. the unemployment rate next month
Suppose the separation rate is 4 percent and the rate of job finding is 12 percent per month in an
economy. In this month, there are 500 workers in the labour force. Only 400 workers have jobs
Calculate:
I. the number of unemployed this month,
II. the unemployment rate this month,
III. the number of unemployed next month,
IV. the unemployment rate next month
Reply 2933
Hi
does anyone study aqa a level economics?
does anyone study aqa a level economics?
Reply 2934
Does anyone know where I can find model answers for the AQA Economics paper 1 June 2017, more preferably section B. I am currently very stuck on Essay 1 for it if anyone can help me with the 15 marker and 25 marker. thank you : )
Reply 2935
Hey guys does anyone have a model answer or key points for each paragraph for the following paragraph:
Extract C (lines 16–17) states: ‘Perhaps the time has come to stop free bus travel for the
elderly or to limit it to certain groups?’
Use the extracts and your knowledge of economics to evaluate whether the UK
government should continue to provide free bus travel for all, some or no elderly people.
[25 marks]
Extract C (lines 16–17) states: ‘Perhaps the time has come to stop free bus travel for the
elderly or to limit it to certain groups?’
Use the extracts and your knowledge of economics to evaluate whether the UK
government should continue to provide free bus travel for all, some or no elderly people.
[25 marks]
Reply 2936
Original post
by Skrskr808880Hey guys does anyone have a model answer or key points for each paragraph for the following paragraph:
Extract C (lines 16–17) states: ‘Perhaps the time has come to stop free bus travel for the
elderly or to limit it to certain groups?’
Use the extracts and your knowledge of economics to evaluate whether the UK
government should continue to provide free bus travel for all, some or no elderly people.
[25 marks]
Extract C (lines 16–17) states: ‘Perhaps the time has come to stop free bus travel for the
elderly or to limit it to certain groups?’
Use the extracts and your knowledge of economics to evaluate whether the UK
government should continue to provide free bus travel for all, some or no elderly people.
[25 marks]
Some possible key points:
- Positive externalities or merit good nature of bus travel.
- The cost of this program to the government and hence the opportunity cost/impact on the budget deficit.
- Which groups would you give free bus travel to, if it could only be provided to some elderly people? For example based on the area or income level. This might reduce inequality depending on how it is done.
- Government failure in terms of setting the wrong size of subsidy, or encouraging firms to be dependent on the subsidy.
- Administrative costs from deciding who could receive free bus travel.
- Positive and negative effects on other markets e.g. use of cars as a substitute for buses.
Reply 2937
Original post
by tanusha-tomsk1 March 2009
Hello
I used to help A-Level economists in this thread and over PM.
I don't do this anymore though...
(i) I've got too much stuff to do as it is
(ii) It's been 3 years since I've done my A-Levels
(iii) I don't even come on TSR that often anymore
However this thread is still alive - thanks to all those who keep it going.
Do visit TSR Economics society - some lovely people over there could help you if you ask nicely.
Best of luck!
Hello
I used to help A-Level economists in this thread and over PM.
I don't do this anymore though...
(i) I've got too much stuff to do as it is
(ii) It's been 3 years since I've done my A-Levels
(iii) I don't even come on TSR that often anymore
However this thread is still alive - thanks to all those who keep it going.
Do visit TSR Economics society - some lovely people over there could help you if you ask nicely.
Best of luck!
Hi!
Could someone send me the 2024 papers for Edexcel A level physics (papers 2 and 3)? I'd appreciate it so much!!
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