This year’s essay questions were pretty standard as well. Below are the essay questions. 1.In the small island economy of Singapore, producers face different constraints from those in larger economics. a) Explain how firms in Singapore will be affected by constraints, such as having a small domestic market and a lack of resources. [10] b)…
As usual we have the predictions here albeit abit later this year. We are changing the format a little just to keep it short and simple. Without further-ado we hereby predict that the topics that will come out in the 2017 economics essays are: Demand and supply Market Failure Market structure BOP Monetary and Supply…
Reading data Skim through the case study Look for any underlying themes and highlight accordingly Read all the questions carefully and think about how the themes may fit in Re-Read the case study, noting all of the relevant concepts Read the title of the data carefully and note the source Be on the lookout for…
This article is related to inflation in JC2 Macro Economics. What are the effects of inflation? How does that affect you? How can the government control inflation? Is it bad to have inflation? Hyperinflation in Zimbabwe began shortly after destruction of productive capacity in Zimbabwe’s civil war and confiscation of private farms. During the height of inflation…