A concise definition of economics Economics is the study of how to deal with the problem of scarcity and opportunity cost of decisions. Economics is concerned with the optimal distribution of scarce resources in particular What to Produce? How to Produce? Whom to Produce? To this end, economists investigate economic decisions made by individuals, firms …
Readers Question: Hello I recently saw a programme How China Fooled the World – with Robert Peston and I was wondering what threats and opportunities does the growth of economies like China and India provide to the UK economy? According to the IMF, in 2010, the Chinese economy was $5,878 billion – second only to …
Macroeconomic notes Balance of payments Budget deficit Economic growth Fiscal policy Globalisation Exchange rates European Union The Euro Monetary policy Inequality Inflation International trade Supply side policies Unemployment Microeconomics notes AS Consumer and producer surplus Demand Economies of scale Elasticity Price elasticity of demand Cross elasticity of demand Income elasticity of demand Price elasticity of …
Buy: 50 Model A Level Economic Essays – click here for more details Environment Essays Economics of Global Warming Housing Market Housing Market for AQA unit 3 What determines House Prices Economics of Mortgages Are House Prices set to fall? Economics of Housing Market Problems in UK Housing Market Labour Market Essays Causes of Wage …
– Positive economics: based on facts and testable theories e.g. inflation is 2% – Normative economics: based on opinion – Opportunity cost: is the sacrifice foregone of the next best alternative – Demand curve will shift to the right if real incomes rise, price of substitute rises, price of complement falls, changes in taste Giffen …
European Union For AQA Unit 4 Origins of the EU Economic Integration Single Market What it involves Efficiency of the Single Market Common Agricultural Policy Reform of the CAP Expansion of the EU Monetary Union What it involves How it affects Monetary Policy Impact of European wide inflation targeting and interest policy Arguments for Against …
The best advice for homework is to try to understand the basic overall framework of the topic before getting into the details. Don’t be put off if your understanding is not complete. Homework should be viewed as an opportunity to learn, it is not your final exam. If one textbook appears incomprehensible try looking at …
On this website, Economics Help, there are many economic essays and resources which you can read to gain an increased knowledge of economics. Also view UK Economics Blog for latest developments What is Economics? ECONOMICS … is the study of how society decides: ¨ What ¨ For whom ¨ How to produce… Example: The price …