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Sunday 26 October 2014

Unit 4: Falling oil prices - Winners & Losers

This is a common question on a Unit 4 essay paper. Please take some time to read the article and check out this question. I'm not saying do it, but think about what you would say and where you would get the points from.


Here are some questions from relatively recent papers. Not always about a fall in oli specifically, but similar nonetheless. 

Evaluate the likely implications for the world economy of the predicted decline in
non-renewable energy resources. (30 Marks)

Evaluate the likely economic effects of a sustained rise in commodity prices on the world economy. (30 Marks)

Evaluate the likely effects on the UK economy of the decrease in price of oil from $147 per barrel in July 2008 to $56 per barrel in November 2008. (30 Marks)


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