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International Baccalaureate: Economics

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  1. With India as an example we will discuss Malthus, the population growth theory and see if Malthus theory was maybe mistaken in the past but has some valid aspects today.

    Malthus defined two types of checks to population growth: preventive checks and positive checks. Preventive checks are those that affect the birth rate and include marrying at a later age. He also called these ?moral restraint?. So Malthus stated that a family should not have any children before they cannot make sure that they can supply their kids. According to Thomas Malthus, positive checks are those, that increase the death rate. These include war, plague, disease and famine. Malthus felt that the fear of famine or the development of famine was also a major impetus to reduce the birth rate.

    • Word count: 1369
  2. Use a diagram to show the consequences of government imposing a price above or below the free market equilibrium

    When supply contracts, it means that the quantity of oil that is supplied becomes less. Because of the shortage of oil, the demand will extend. The lack of supply of oil and the excess demand, scarcity will occur. Even though scarcity of oil existed before, shortages did not happen before the government imposed. Another outcome of price ceiling is the illegal economic activities that may occur. Because the maximum price that the government pointed is less than the equilibrium price, producers would feel that they could earn more money.

    • Word count: 1262
  3. Macroeconomics Article Commentary. The worst problems surrounding youth unemployment in Scotland are not over, a Scottish Government Minister told MSPs today.

    Figures show that 102,000 young people are currently unemployed in Scotland. That represents around one in four of those aged 16-24 who are economically active. ?Given the recent economic indicators that suggest things are slightly improving in terms of vacancies, do you think we?re over the most challenging year, and have met the greatest challenge?? Ms Constance said she would not be ?foolish enough to look into her crystal ball? and make such predictions. ?We?ll deal with what comes our way,? she said.

    • Word count: 1095
  4. Defining Fiscal Policy and its application in India.

    Main Objectives of Fiscal Policy In India ? The fiscal policy is designed to achive certain objectives as follows :- 1. Development by effective Mobilisation of Resources The principal objective of fiscal policy is to ensure rapid economic growth and development. This objective of economic growth and development can be achieved by Mobilisation of Financial Resources. The central and the state governments in India have used fiscal policy to mobilise resources. The financial resources can be mobilised by :- Taxation : Through effective fiscal policies, the government aims to mobilise resources by way of direct taxes as well as indirect taxes because most important source of resource mobilisation in India is taxation.

    • Word count: 1130
  5. What new possibilities do developments in technology provide for families?

    With the possibilities of the new 21-century could help families in much ways of their living choice. If the husband works for a big company which is placed somewhere in the world, he could stay and live where he want to. With E-mails (electronic mail system) there is no problem to lead the company with orders per email. So he could stay in his house for example somewhere in Canada and his company is in Singapore. Todays Families are really under control of the Globalisation of Electronic medias.

    • Word count: 1796

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