economics predictions

emchugh

hi these are things likely to come up this year in the economics exam.....hopefully economics wont do a boland :P


q1 demand / supply.....know your factors .....etc
q2 oligopoly.....know the market structure and kinked demand curve....be able to explain sticky prices and the mr curve relationship with demand curve...also know forms of collusion.
q3 hopefully a full elasticity question..... know the factors affecting....and how elasticity could be used by businesses.....know the significance of the figures and what they actually mean in real life.
q4 land hasnt come up in ages but id still concentrate more on capital and enterprise.....labour more than likely will not show up.
q5 national income.....heavenly question tends to be very easy ......

these are not definites by any strech of the imagination but are what the trend dictates will come up.....id concentrate on these first and then learn the other topics. know elasticity very well as it is due a full question by itself !! good luck

Bob the Builder

For proof that you need economic statistics, see Question 8(a) in Section B in the year 2007

emchugh

Bob the Builder wrote: »

For proof that you need economic statistics, see Question 8(a) in Section B in the year 2007

Topical questions are often marked very hard though .....if i were you id stick to the regular questions regarding general economic knowledge.....for those of you looking for these stats.....try the sunday business post or the central statistics office's website

WallyGUFC

If Oligopoly doesn't come up my A1 is gone...it BETTER come up!

pathway33

http://www.ibec.ie/IBEC/Publications.nsf/vPages/Economic_Trends~economic-trends---june-2010-08-06-2010/$File/Economic%20Trends%20June%202010.pdf

emchugh

oligopoly will come be positive !! :P all suggestions say that it will ..... its considered to be the hardest market structure anyway .....so its not like they would be giving us the slip by putting on say perfect competition. Id say they will stick with the trend this year