Economics Predictions

jimi_t

I don't have much of a clue what's going on at all but all I really need in this subject is a strong pass to get my 400 points.

I've studied in detail - Elasticity, Perfect Competition and Monopoly. What really important other things should I cover in depth?

starz87

Id have a go at:
inflation
foreign Trade
national income
Labour
Utility
Demand and supply
Costs
Elasticity-cross,supply,income
SSIA's
Immigration

No particular order the list!
Anyone else got some predictions or tips etc??

Bubba

Nope that's pretty much it.
I'm basically doing

Perfect Competition
Elasticity
National Income
Money and Banking
International Trade
Government and the economy
Factors of Production (mostly focusing on labour)

emm thats all i can think of...

maxi-twist

Oligopoly and capital.

emmet101

Banking always comes up
Price Discrimination is likely to appear
National Income could come up
Balance of Payments is very likely
International Trade is very likely
Elasticity always comes up but you don't have to study it if you cover the macro course well
You need to know all the economic variables as of June 2006, i.e. inflation, unemployment, interest rates, size of National Debt to GDP, budget defecit/surplus, economic growth
I wouldn't be suprised if something about third world debt relief and/or SSIAs impact on economy comes up

Mad Cyril

If the market structures continue their pattern, and I can't see why it would change now, then it will be Perfect competition. I don't see where people are geting Price Descrimination from. Monopoly is the next likely market structure fair enough but even at that Price Descrimination is only likely to be a part of that question.

Going on recent years a question on Costs is likely to come up. It has appeared in alternate years since 2000 and last year was it's year off. Elasticity was onyl a part C last year so it would be reasonable to expect a full question this year.

Personally I will have:

Market Structures
FOP's
Costs
Introductory Economics
Elasticity
Money and Banking- unlikely this year as it's usually an alternate year question
National Income
International Trade and Balance of Payments
Government and the Economy( will avoid if possible)


I much prefer the micro stuff and I did far more work in fifth year than I did this year so will be sticking to that as much as possible with the exeption of National Income.

This time tomorrow I will be off my tiny little bracket:D

maxi-twist

Its a bit late,but what do u have to know about SSIA's?Just that theres gonna be loads of inflation and counter measures like reduced government spending or having other saving incentives ready?

Mad Cyril

It's basically the same effect as any injection just tailor your answer to SSIA's

Increased Aggregate Demand
Increased Consumption
Increased imports because we are an SOE
Increased Tax revenues both direct and indirect. (23% tax on the interest earned I think it is)
Inflation
Increased Advertising as retail firms attempt to capitalise on the increased demand