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Sunday, 30 April 2017

Theme 2 & 4: Essay Plan - Monetary and supply side policies

Here is a video recording of a revision webinar looking at shaping an answer to this 25 mark question. 

“Monetary policy is as important as supply-side policies in making a country more internationally competitive” With reference to examples, to what extent to you agree?

Thursday, 27 April 2017

Theme 4: 25 mark essay question on tariffs

Here is a timely and relevant revision video looking at how to build a 25 mark answer to this essay question: 

"President Trump has proposed a 20% tariff on Mexican imports, blaming free trade for US woes. To what extent is this going to harm the US economy more than it helps?"

Wednesday, 26 April 2017

Theme 3 & 4: Nestle leaving UK to move to Poland!

When it comes to the crunch, capital flows to where the risk-adjusted expected returns are highest. 

Several hundred jobs are at risk in the UK as Nestle announces that production of the Blue Riband chocolate bar is moving from Britain to Poland. Lower unit labour costs, favourable corporate tax rates and a competitive zloty (a floating currency) are three factors behind the move.

Click here to read a Guardian article on this. 

Tuesday, 25 April 2017

Theme 3: Contestable Markets essay

Here is an essay plan using the PECAN PIE technique for developing an answer to this question: "Neo-classical theory of competition implies that more firms in a market is the only way to improve outcomes for consumers”. With reference to examples, to what extent do you agree? (25 marks)

Monday, 24 April 2017

Theme 1: Cross Price elasticity of demand - evaluation

In this short video we build 3 analysis and evaluation points for this question: "Evaluate the significance of the coefficient of cross price elasticity for a business"

All themes: How to tackle the new spec examination