15th September 2015 by

Handout: The Basic Economic Problem

The Basic Economic Problem Scarcity The world’s resources are FINITE; there are only limited amounts of land, water, oil, food and…

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15th September 2015 by

Handout: Market Economies

Market Economies The market economy is also referred to as the free enterprise economy or capitalist economy. It is an…

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15th September 2015 by

Handout: Economics as a Science

Economics as a Science A scientist will Postulate a theory – the scientist will develop and put forward a hypothesis capable…

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15th September 2015 by

Activity: Economic Systems

Economic Systems Place the following countries on the diagram below according to the extent to which decision-making is decentralised: France, UK,…

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15th September 2015 by

Handout: National Income Accounting

National Income Accounting National Income is the monetary value of all goods and services becoming available to the citizens of…

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15th September 2015 by

Powerpoint: Phillips Curve

Phillips Curve A PowerPoint describing the Phillips curve which demonstrates the inverse relationship between rates of unemployment and inflation. Phillips Curve…

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15th September 2015 by

Handout: What is Inflation?

What is Inflation? Inflation is a general and sustained rise in prices that is measured on a monthly basis. Inflation…

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15th September 2015 by

Handout: Unemployment

Unemployment WHAT IS UNEMPLOYMENT? Unemployment is a subject about which feelings run high, and it has always been a major political…

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14th September 2015 by

Handout: Understanding Unemployment

Understanding Unemployment Unemployment is the measure of how many people are out of work in the economy. It is usually…

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14th September 2015 by

Handout: Measuring Unemployment

Measuring Unemployment Unemployment is a measure of the number of people who are out of work in the economy. The…

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