Economics is the study of how decisions and events affect the economy of the world and thus the relative prosperity of its inhabitants. Economics is divided into macroeconomics (inflation, unemployment etc), and microeconomics (prices, salaries, market behaviours etc.). There are a few graphs to interpret so a level of numeracy will help you but the ability to evaluate, analyse and compare reality with theory is the real skill required.
Marked by Teachers can enable you to really master the techniques that Economics examiners are looking for. The considerable number and variety of essay examples on the site will enable you to improve the skills you require.
Economics is by its very nature rooted in the events of the real world, and examples and case studies can be drawn from the daily news. This contemporary perspective gives those studying the subject an appealing insight into the modern world. It is an excellent grounding for study at degree level and ideal preparation forcourses in Business Studies,Politics and Human Geography.
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.
Do they use key words from the title or question?
Do they answer the question directly?
Can you work out the question or title just by reading the conclusion?
"In conclusion, it can be said that the freely floating exchange rate has more advantages than disadvantages which make it a good theory to adapt in real life whereas in the other we have confirmed that an appreciation has only positive aspects which can benefit the currency and a depreciation in the currency is very harmful for a country's currency because of its negative aspects.
Friday 29th November
12th Grade Economics Homework IB Economics"
"In conclusion, the growth of government expenditure does have a major implication on the U.K.'s economic performance; however, it isn't the only factor that affects the country's economy e.g. consumer confidence in AD. Judging by the government's macroeconomic objectives, it is fair to say if there is a change in government expenditure it can have a significant effect on their objectives i.e. short and long run economic growth. However, as stated, consumer confidence is the major component of AD and even if there is a significant rise in government spending and intervention, it does not necessarily result in a more efficient economy, as seen currently in the global economic depression."
"In conclusion, a cut in interest rates is a very simple solution to increase consumer expenditure and investment levels in the short term. However there are factors that reduce the effectiveness of a reduction of interest rates such as the fact that interest rates will lead to increasing inflation and the effects is not sustainable as once the economy is at full capacity then no further expenditure and investment levels in the future can be achieved. There are also other alternatives to increases consumer expenditure and investment levels such as the introduction of supply side policies, for example increases in provision of education.
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