Economics HL 2008.

Blahh89

I'm trying to figure out what to study for this.. It's my extra subject so I've kind of egnored it for a while.

Anyhu , what are the predictions/assumptions for what will feature in the Higher level paper?

Is there anything that is almost certain to come up?

Dr. Baltar

International Trade is going to come up!

Blahh89

Wow thanks for the quick reply!:rolleyes:

Anyhu , thats great!
Is there anything else I can be sure of?

Fuascailt

Elasticity is pretty definite
Monopoly- esp the comparison between monopoly and perfect, and the mono/imperfect exporter diagram

I'm planning on learning all micro, and hopefully for macr i'd be covered with banking/national income/int. trade

LizT

Enterprise, Monopoly, terms of trade might be up. If you're short of time learn macro really well and that should cover you.

eoin2nc

I love economics you have a choice of 4Qs out of 8, what a subject

benzwOw

hmm...

Micro economics:
Demand
Costs of production
Elasticity
Monopoly(maybe mixed with oligopoly like last year they mixed P competition with imperfetct)

LizT

eoin2nc wrote: »

I love economics you have a choice of 4Qs out of 8, what a subject

you can bull**** your way through a lot of stuff as well. Just mention inflation and usually that covers you
:pac:

blueepurple

enterprise is fairly likely I think but it probably wont be a whole q, theres not all that much to ask. we might get a bit of land or something with it.

Dr. Baltar

I love Economics too.
I got a C2 in the mocks with 100% Irish Waffle.


I hate the short questions though.

Soby

So Elasticity,Monopoly(+Oligopoly?)..what else?

Ri na hEireann

I reckon there might be a question similar to one that appeared on one of the mocks, where there was all the market structures in the one question or possibly an oligopoly/monoply combo.

Yuugib

What kind of qs could they ask on "price discrimination"?

i m planning to go over
Market structures
Elasticity
Deman, Supply, Cost of production
Possibly fop.. but probably not so wholly
Int. trade
National Income..
Maybe a bit of Banking too..
and then short qs

Is that enough?

Ps. does anybody have a summury of current affairs?

louis626

Yuugib wrote: »

What kind of qs could they ask on "price discrimination"?

i m planning to go over
Market structures
Elasticity
Deman, Supply, Cost of production
Possibly fop.. but probably not so wholly
Int. trade
National Income..
Maybe a bit of Banking too..
and then short qs

Is that enough?

Ps. does anybody have a summury of current affairs?

i plan to cover these too...im sure this is enough.

jakimo

i reckon reasons for irish recession
i.e decline in the construction sector, fall in property market
MNC's moving abroad (attractive corporation tax abroad)
Economic downturn in america (main trade partner)

anyone have anything else to add


also something to do with banks and sub-prime lending would be quite topical

other than that i'd put emphasis on monopoly and price discriminatio
elasticity
Micro 1
National income

Crania

About the recession thing, aren't the papers set in November or something? The economy hadn't really plummeted that much then.

I agree though, topical things are most likely, possibly rising interest rates.

How could they bring in sub-prime lending, like is it on the course really? Maybe include it in Money & Banking or something?

louis626

jakimo wrote: »

i reckon reasons for irish recession
i.e decline in the construction sector, fall in property market
MNC's moving abroad (attractive corporation tax abroad)
Economic downturn in america (main trade partner)

anyone have anything else to add

no i think you have it pretty much covered maybe with MNC's moving abroad you could also mention cheap skilled workforces in places like India against the high cost of labour here.

nu-g 2008

yeah the paper was made last year so i wouldn worry about the recent developments tbh. it seems that mon is a dead cert to come up with pc and pd is suppose to be in there to.imp.c wasnt up last year though. for the last 8 years either nat y or elasticity has been up.

tips i got of my teacher
-land
-mon v pc
-price discrim
-nat y(circular flow of y)or elasticity(factors eff ped)
-int trade
-effects of investment in economy ? or was it gov eff of inv . not sure
-thomas galbrit
-eco dev and growth ( effects)

forget the rest il be getting better predictions later. i wouldn take the above ones too seriously cause my teacher is an idiot although ... he seems to have the odd good prediction

nu-g 2008

just a quick study tip someone might want i thought of this for functions of money and cannons of taxation and char of money

functions of money = s.u.m.s
s= standard for deffered payment

u= unit of account

m= medium of exchange

s= store to value

smiths cannons of taxation e.c.e.c economy convenience equality? certaintity...**** i cant remember if thats right

char of money think ABLE... portable , divisable , recognisable , accepable , durable

irishbucsfan

eoin2nc wrote: »

I love economics you have a choice of 4Qs out of 8, what a subject

Captain!

Yeah its fairly simple. In the mocks we had 8 A1s in our school. Not that it was marked easy or anything, its just an easy subject.

Now saying this, I got 49% in the mocks...

nu-g 2008

does anyone think these might come up
-economic aims of the gov
-adv/dis adv of economic growth/development
-unemployment
-costs of production

pocket aces

if national income comes up i think there'll be a q. on the circular flow of income & the uses/limitations of national income statistics

postalservice

Ri na hEireann wrote: »

I reckon there might be a question similar to one that appeared on one of the mocks, where there was all the market structures in the one question or possibly an oligopoly/monoply combo.

We got that mock 2.
What did ye think of it?
That question was hard and if something with that many parts came up id be:eek:

nu-g 2008

http://www.rte.ie/podcasts/2008/pc/pod-v-110608-11m47s-406-economics.mp3

2fm podcast of the predictions with i.o.e teacher j morris


http://www.rte.ie/podcasts/2008/pc/pod-v-110608-11m47s-406-economics.mp3

mocks!?!

ok...these are predictions from my teacher who has been in the job a good few years now!!

international trade
national income/circular flow/multiplier
enterprise/land
monopoly/price descrimination
money and banking
costs of production

or something along the lines...

emmie-lou

has anyone got a list of important figures like the unemployment rate and inflation rate at the moment??

Soby

emmie-lou wrote: »

has anyone got a list of important figures like the unemployment rate and inflation rate at the moment??

Had them handy somewhere..ill have a look for ya...Im sure the central statistics office has a website?

nairy-hipples

love economics myself! got an A1 in my mocks, really need those 100 points for my course!! ive got Classics the same day and im kinda neglecting that! ah wel!

EDoyle

nu-g 2008 wrote: »

http://www.rte.ie/podcasts/2008/pc/pod-v-110608-11m47s-406-economics.mp3

2fm podcast of the predictions with i.o.e teacher j morris


http://www.rte.ie/podcasts/2008/pc/pod-v-110608-11m47s-406-economics.mp3

nice one nu-g, missed this and i wanted to hear it

Jayeire

A1 , awwwww yehhhh

Peleus

B1.....:eek::eek::eek: awwwww yeaaaah.