Economics: Post your doubts here (O + A level)

usman

usman

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Ebby_SaLeem said:
This is an Economics thread you loser -.-
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Hey you, easy there! No one's here to piss the others off, alright? :mad: And FYI, some of those who take Eco also opt for Further Maths at A' levels. :giggle: So, just shut the hell up! :cool:
 
omarrr666

omarrr666

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Paper 4 Oct/Nov 2005 Q4-(b) , "Explain how a retail price index (index of consumer prices) is calculated"..... PLZ Help !! :D
 
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abrar

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What is the relationship between inflation and the exchange rate? all types of inflation such as domestic , cost pull , demand push imported inflation and how a change in inflation affects exchange rate and vice versa?
 
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abrar

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omarrr666 said:
Paper 4 Oct/Nov 2005 Q4-(b) , "Explain how a retail price index (index of consumer prices) is calculated"..... PLZ Help !! :D
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First the government conducts a survey of about 600 house holds on their average income and expenditure.
2. the government selects a basket of goods from those people containing goods "normal" people would buy.
3.the government assign weights to these goods depending on frequency of purchase and it's importance to the people.
4. the government researches retail prices for these goods and find their averages.
5. the government sets the base year as 100 index to make comparison from that year to the other particular year.
6. the average price and the weight age is multiplied to give the average weight-age price of each good. It is then totaled up to give the total average weight-age price
7. the total average weight-age price is then divided by base year index in this case 1000 and multiplied by 100.
example the total average weight-age price is 104 , (104/100)*100 then minus from 100 so 104-100 is 4 the inflation rate change is 4% increase
 
U

uk 420

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dear sir can you help me in macro economics of o level i am having serious problem in it and have to appear in the may june 2013 exams
 
Sai TejaS

Sai TejaS

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Economics Paper -11, Winter 2012 -

18. Which is a type of market failure?
A a general increase in the price of hotel rooms in busy summer seasons
B an increase in house prices caused by easier borrowing for house buyers
C an increase in travel time caused by a road accident
D an increase in unsold goods because of a change in tastes

Marking Scheme says answer is Option 'C'. Isn't it Option'D'?
 
Saifyyy

Saifyyy

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Sai TejaS said:
Economics Paper -11, Winter 2012 -

18. Which is a type of market failure?
A a general increase in the price of hotel rooms in busy summer seasons
B an increase in house prices caused by easier borrowing for house buyers
C an increase in travel time caused by a road accident
D an increase in unsold goods because of a change in tastes

Marking Scheme says answer is Option 'C'. Isn't it Option'D'?
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Answer is C because what probably you are thinking is Market disequilibrium not market failure. Market failure occurs when their is an cost to the society of any transaction. It is the case in C not in D :)
Hope you got it. (Y)
 
TheAhmadhS

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I'm doing the GCE o/l econ. on the 22nd
I need to know how to answer questions which are 6 marks or more.
Thank you....
 
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Sarah Paul

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What is the Equation for GDP?
What are the benefits and risks about integration?
For 10 marks questions what do we have to right? Can u explain how to answer with a 10 mark question?
Is it advisable to chose questions which has sub questions of 10 marks?
And can you post clear notes on Economies of Scale for an O-Level student?
 
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