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Tips on Writing a UCAS Personal Statement

Many students agonise over writing a UCAS personal statement. As a general rule, I suggest keeping it relatively simple – be honest, and give the impression you would be a suitable student for the course. Don’t worry if you haven’t got a huge list of extra curricular activities. At the same time, you don’t want to appear one-dimensional. Things to Do in Your Statement: Write with perfect grammar and spelling. Be Honest Give the impression you are interested in this subject and will be motivated to study Give the impression that you will be…

Does the UK Need More Supermarkets?

Does the UK Need More Supermarkets?

The Future? Tesco’s is the UK’s leading supermarket, with an estimated market share of 31.5% Yesterday, the competition commission suggested that the Supermarket’s dominance was not due to unfair trading practices. After a long investigation of the  British supermarket industry, the Competition Commission have concluded: Supermarkets are not competing unfairly The dominance of big supermarkets does not preclude smaller grocery shops  from competing The planning process for new supermarkets is too restrictive – What is needed is for a streamlined procedure to enable the…

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Student Guide To Mortgages

In the UK, there is a strong desire for people to own their own house. This deep seated desire is one of the factors behind the extraordinary rise in UK house prices. However, the cost of houses means that it is becoming increasingly difficult for people to get on the property ladder. To be able to buy a house, bigger and more risky mortgages are often being taken out. These are some of the pitfalls behind taking out a mortgage. Average house prices have increased faster than incomes. House Prices are…

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Ask Economics Question

You are welcome to ask questions on Economics. I will post the answer on this blog, for everyone to benefit from. I shall try to answer the economics question and / or point to other resources but please bear in mind. The replies will be guidance and not for duplication. Your essays should always be your own work. My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics. I can’t guarantee to always give answers it also…

Olive Oil

Olive Oil

Should Govt intervene with minimum prices for goods like olive oil. Reasons for minimum price A minimum price ensures a minimum income for farmers. For example, if supply increased prices would fall significantly. Demand for agricultural goods is inelastic, therefore this makes prices more volatile Supply can vary due to weather conditions. i.e. agricultural markets are more prone to market failure than other markets. (more…)

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Olive Oil and Spanish Economy

How might a fall in production of olive oil affect Spanish economy. (8) Olive oil is an important commodity, therefore farmers are likely to see a fall in revenue because they have less to sell. Therefore, this also results in lower exports and less export revenue for the economy. However, the fall in production has increased price. Because demand is inelastic, this could actually increase the incomes of farmers, even though they have less to sell. (the % increase in price is bigger than than the % fall in quantity -…

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The Rise of Globalisation

Explaining the Growth in Globalisation Globalisation refers to the increased integration and interdependence of the world economy’s. These are some reasons to explain the growth of globalisation 1. Increase in Free Trade. Since the second world war, tariffs have generally been reduced. This has been encouraged through organisations such as the WTO. This has increased trade between different countries; this is an important factor in the process of globalisation. 2. Technology Technology has improved communication between different countries. Therefore, it has become easier to split up production on a global level. It is also…

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Has Opec Misused its power?

OPEC is the organisation for Oil Producing and Exporting Countries. OPEC tries to control the price of oil within a certain target price. Because demand is inelastic OPEC can increase the profits of its member countries by keeping prices high. Therefore, if prices start to fall below the target price, OPEC may set output quota’s to restrict supply and keep prices high. OPEC did this in 1973, when the price of oil was tripled in response to events in the middle east. This caused significant economic hardship in the West, who had…