Part of The Student Room Group

  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access for just £4.99 per month

AS and A Level: UK, European & Global Economics

View now
Discover fantastic essays... Learn from Teacher-annotated essays and dramatically improve your grades
Students learn faster on Marked by Teachers. Learning from worked examples accelerates learning by 29%. Use this accelerated learning to reach your potential
How can I make sure that I.m learning things that are likely to come up in A level Economics exams?

Look through the specification. My friend did this for A level Economics, the notes he made answered every single question they could ever ask.

Alex0912

543 AS and A Level UK, European & Global Economics essays

  • Marked by Teachers essays 6
  • Peer Reviewed essays 10
  1. 1
  2. 2
  3. 3
  4. 4
  5. …
  6. 55
  1. Marked by a teacher

    Discuss the extent to which the fast economic growth of China and growth of its manufacturing exports is to Britains benefit.

    5 star(s)

    Many good arguments are made in this essay and it achieves a good balance of advantages and disadvantages. The conclusion is weak and not related to the question however. As…

    • Essay length: 1609 words
    • Submitted: 06/11/2011
    • Marked by teacher: (?) David Salter 12/02/2012
  2. Marked by a teacher

    Discuss the extent to which globalisation has been beneficial to Africa, China, America or Britain.

    5 star(s)

    *****
    This essay covers many of the main points and really gets into its stride towards the end when it examines why Asia has benefitted from globalisation but not Africa.…

    • Essay length: 2045 words
    • Submitted: 05/11/2010
    • Marked by teacher: (?) David Salter 05/04/2012
  3. Marked by a teacher

    Analyse and Evaluate the significance of Fiscal Policy rules and Fiscal Policy targets and constraints in promoting Economic Growth, Economic Stability and International Competitiveness

    4 star(s)

    ****
    Mostly sound analysis with some errors. The use of arrows is annoying and saves very little time…

    • Essay length: 1024 words
    • Submitted: 18/04/2012
    • Marked by teacher: (?) David Salter 02/04/2112
  4. Marked by a teacher

    Assess the importance of international trade to the UK economy

    4 star(s)

    **** A well structured essay that covers many of the advantages of international trade. The writer seems less than confident with comparative advantage which is the most important point however.…

    • Essay length: 2479 words
    • Submitted: 12/03/2007
    • Marked by teacher: (?) Dennis Salter 04/12/1999
  5. Marked by a teacher

    Discuss the extent to which Britain can ease its economic problems within the next 3 years

    3 star(s)

    ***
    This is good in places but lacks depth. The writer has evaluated in places but has not systematically examined the policy alternatives. There is no discussion of supply side…

    • Essay length: 983 words
    • Submitted: 05/11/2010
    • Marked by teacher: (?) David Salter 05/04/2012
    • Reviewed by: (?) groat 15/04/2012
  6. Marked by a teacher

    Discuss the consequence of a rise in the rate of inflation

    3 star(s)

    The writer ignores the fact that different groups may do better or worse in times of inflation. Borrowers do well, savers do badly as the true value of their savings…

    • Essay length: 756 words
    • Submitted: 26/11/2010
    • Marked by teacher: (?) David Salter 12/02/2012
  7. Peer reviewed

    Economic Growth. There is a clear difference in the economic growth of developed, developing and emerging countries. There are several reason for this; good examples that clearly protray this disparity are the United Kingdom, China and India

    4 star(s)

    This essay engages well with the task, looking at the differences in economic growth in developed, developing and emerging economies. I would have liked there to be some definition of…

    • Essay length: 960 words
    • Submitted: 05/12/2009
    • Reviewed by: (?) groat 15/04/2012
  8. Peer reviewed

    What should the MPC do to ensure that inflation is kept within the 2% target?

    4 star(s)

    This essay engages with the question strongly. There is a clear critical voice here, and arguments are backed with confidence. I do feel there is a slight lack of analysis…

    • Essay length: 830 words
    • Submitted: 25/11/2009
    • Reviewed by: (?) groat 12/04/2012
  9. Peer reviewed

    Explain how monetary policy can be used to control the performance of the UK economy

    4 star(s)

    This essay engages well with the question. This is a simple analysis question, and requires no evaluative comments of which factors are most significant. I liked the length of this…

    • Essay length: 1365 words
    • Submitted: 26/12/2008
    • Reviewed by: (?) groat 11/04/2012
  10. Peer reviewed

    Discuss the extent to which the use of trade barriers by developing economies is an appropriate policy for such economies.

    4 star(s)

    This essay engages well, exploring what trade barriers are and then assessing whether they are appropriate for developing countries. The task is a bit cryptic, but if I was doing…

    • Essay length: 1030 words
    • Submitted: 07/12/2008
    • Reviewed by: (?) groat 11/03/2012
543 essays
  1. 1
  2. 2
  3. 3
  4. 4
  5. …
  6. 55

How to evaluate effectively in economics

  1. 1 A significant proportion of marks are likely to be for evaluation. Trigger words include ‘assess’, ‘to what extent’ and ‘evaluate’. Evaluation can come during a piece as well as at the end. It includes any critical distance you add to your points.
  2. 2 Stating both sides of an argument or different points of view e.g. advantages and disadvantages will give you a start. Try to group them rather than a list of each. This will score more evaluation marks as you are linking the two arguments.
  3. 3 Discussing the long term versus the short term effects is a good method of evaluating. Don’t be frightened to acknowledge that it may even be too early to say with certainty what the outcome will be. An example of this is the impact of the UK not being in the Eurozone.
  4. 4 If you have made several points, you can gain evaluation marks for prioritising them or just saying which you believe is the most significant and why.
  5. 5 How significant will a particular point be and will it affect different groups of people in different ways. Discuss these for evaluation marks.

Five things to know about exchange rates

  1. 1 Most exchange rates are ‘floating’. This means that the value of one currency expressed in terms of another currency varies according to the demand and supply for and of each currency.
  2. 2 Factors affecting the demand for a country’s currency are the demand for the goods and services of it, the demand of its citizens for imported goods, relative interest rates and speculation. If for example, UK interest rates are relatively high, then people will buy pounds to save in UK banks. This will increase the value of the pound.
  3. 3 Exchange rates affect the competitiveness of a country’s products. Remember the acronym SPICED – Strong Pound Imports Cheaper Exports Dearer.
  4. 4 A strong pound will be worse for UK producers as they will struggle to compete with cheaper imports and UK exports will look relatively more expensive abroad. It will however be useful to reduce domestic inflation.
  5. 5 A weak pound will help UK producers for the opposite reason but may lead to inflation. It will help the balance of payments subject to the Marshall Lerner condition (learn this and use it for evaluation).

What is globalisation?

  1. 1 Globalisation refers to the increasing integration of the world’s economies meaning more international trade, increased international flows of capital, shifting patterns of consumption and production across countries e.g. outsourcing production.
  2. 2 Many reasons are put forward for its growth and it is hard to differentiate between its causes and effects. Is the growth of multinational companies and their desire for greater profits a cause of globalisation or its effect?
  3. 3 Other reasons put forward for globalisation are the reduction in trade restrictions, growth of the internet, cheaper international transport costs, opening up of China and the old communist countries. Again they could be cause or effect.
  4. 4 The effects of globalisation are debatable (more evaluation opportunities). Generally it is seen as increasing the level of wealth as countries specialise more in the products in which they have a comparative advantage.
  5. 5 Recent economic uncertainty has lead to some talk of de-globalisation where international trade declines due to increased protectionism (tariffs and quotas).

Meet the Marked by Teachers team

The teachers

Our team of teachers have over 435 years of teaching experience between them - that's a lot of essay marking.

Find out more about the team

TSR peer reviewers

The peer review team is a specialist squad of the brightest UK student talent, working together to provide rounded essay reviews.

Find out more about the team

Conclusion analysis

Good conclusions usually refer back to the question or title and address it directly - for example by using key words from the title.
How well do you think these conclusions address the title or question? Answering these questions should help you find out.

  1. Do they use key words from the title or question?
  2. Do they answer the question directly?
  3. Can you work out the question or title just by reading the conclusion?

  • Discuss and present the ways in which the Chinese business environment will change now that they have entered the World Trade Organisation (WTO).

    "Conclusion; I feel that now that China has entered the World Trade Organization (WTO) it has boosted up many economical and governmental aspects of its nation. Its GDP has gone up to 7% helping its economic growth rise. Also I feel that foreign confidence improved towards China. Thus making more deals possible between China and other nations. As we could see the exports have reached +19% since they have joined the WTO. These facts I feel show that entering the WTO was a good choice for China. As I said in the report China is now rich, has low-cost labour resource and has a vast market. It holds a lot of land where it can retain various sources and has an enormous population. I feel that I had to change the main question from "Discuss and present the ways in which the Chinese business environment will change now that they have entered the World Trade Organisation. (WTO)" to an "have changed". This was done since China has been through the changes it would have, and is facing the pros and cons of its entering. To end I feel that China will be able to become a major global economic player, if it takes right advantage of the situation."

  • Discuss the characteristics of globalization (part 1) and analyses its impact on China economic development and living standards (part 2).

    "Conclusion To integrate into the global economy, China has become a member of the WTO, opened up its markers and reduced tariff barriers. These successful strategic moves have been rewarded with dramatic increase in its GDP and foreign direct investment. The overall living standards of the Chinese people, as reflected by the country's HDI, have improved with 170 million people lifted out of poverty. However globalization and rapid economic growth have also resulted in a rise in short term unemployment due to structural changes. Its environment deteriorates as economic activities increase. The income gap has exacerbated between the wealthy and the poor provinces. Despite the obvious benefits, globalization has its downsides on China. In embracing globalized trade, China has to face enormous challenges ahead in ensuring sustained economic growth can be achieved in face of a weak global environment or a slowly recovering world economy in the years to come."

  • Discuss the extent to which membership of the Euro zone is beneficial to an individual country's macroeconomic performance.

    "To conclude membership of the euro will bring many benefits, and disagreements. However I recommend that in the near future we do have a single currency proving many countries are operating at similar stages within the economic cycle. As the single currency should increase FDI, and improve BOP position, however in order for this to occur countries need to be operating at similar stages in terms of the economic cycle. It should also increase a countries economic influence in the world which should decrease volatility of the euro and in the long term lead to greater external trade"

Marked by a teacher

This essay has been marked by one of our great teachers. You can read the full teachers notes when you download the essay.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review on the essay page.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review under the essay preview on this page.