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 full answers it also depends on my time schedule.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- I will answer as a new post. Check home page of blog for new post. With question and answers
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I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
If you find the information useful, you are welcome to buy me a coffee.
About The Author
a. (i) On 1 March, AUD1 = GBP 0.42. On 1 July, AUD1 = GBP 0.45.
Your company exports native flowers to British florists. You signed a contract on March 1 to sell 10
tonnes of flowers at AUD 385 per tonne, to be delivered on July 1. Explain how the exchange rate
movement between the two dates impacts on the Australian seller.
Part A ii)
On 1 July, AUD1 = NZD 1.10. On 1 August, AUD1 = NZD 1.15.
On 1 July, your aunt in New Zealand booked the accommodation your families will stay in when you have a family reunion in Melbourne in August. She expects this to cost NZD 5400 when she pays the bill on August 1. You agreed to cover the costs she might incur if any exchange rate fluctuations took place between these dates. Will you have to help out? How much will you have to pay?
b. Financial reporters suggested that fluctuating interest rates were responsible for the AUD/GBP
fluctuation described above, and that the AUD/NZD change was due to lower inflation in Australia.
Explain how the change in exchange rates could have been caused by those events.
plus it requires graphs, and i am totally confused.
thnanks.
sorry, on my previous post about the Rahn Curve, i wrote tax rate- it is supposed to be government spending. Basically does the Rahn curve support the empirical evidence?
Does the Rahn Curve support the empirical evidence? If not, why not?
essay on how to prove that there is a relationship between the level of tax and GDP growth
The Bank of England has released £15bn into the economy. That increase in the money supply will surely cause inflation? So interest rates having fallen will be raised, worsening the housing market and making the credit crunch even worse, not better….surely?
Hello,
i am studying AS level economics and I have a homework which i’m stuck on. I was wondering what are the pros and cons of the government intervening in market failures such as those resulting from the immobility of labour, negative externalities and greater income inequality, following the closure of factories.
Any ideas?!
Thanks!
Hey, thanks alot for your previous reply, was very helpful!
Evaluate the advantages and disadvantages of both a floaing exchange rate and a fixed exchange rate. Is there a “better” one to have?
Thankyou