With the big focus on bankers bonuses and the role of shareholders over the last few years it would be worth looking at the followig question from June 2008:
2 (a) Economists often assume that firms have only one objective, to maximise profit.
Explain other objectives firms may have other than profit maximisation. (15 marks)
(b) Evaluate the view that separation of from control has an adverse effect on
firms’ conduct and performance. (25 marks)
Good BBC link
High Pay Commission
Thursday, 31 May 2012
Monday, 21 May 2012
A2 Revision sessions - Room 1
Please return all textbooks by 20th June.
Thursday 24th May - Labour Market extension 3.15pm
Mon 28th May - Period 1 and 2 drop in revision clinic to go over past papers, key theory and any other concerns
Tuesday 29th May Period 4 and 5 revision clinic
Weds 30th May Revision Session ECON 3 & ECON 4 basics
Thursday 31st May Period 4 revision clinic
Monday 11 June - Period 1 and 2 Econ 3 Final Revision session
Tuesday 12 June 12.20 ECON 3 EXAM pre-talk
Wednesday 13 June Period 4 and 5 ECON 4 revision
Thursday 14 June period 5 revision clinic
Tuesday 19 June Period 4 and 5 ECON 4 Final revision session
Wednesay 20 June 8.30am ECON 4 EXAM pre talk
PLEASE RETURN ALL TEXTBOOKS by 20 June
Thursday 24th May - Labour Market extension 3.15pm
Mon 28th May - Period 1 and 2 drop in revision clinic to go over past papers, key theory and any other concerns
Tuesday 29th May Period 4 and 5 revision clinic
Weds 30th May Revision Session ECON 3 & ECON 4 basics
Thursday 31st May Period 4 revision clinic
Monday 11 June - Period 1 and 2 Econ 3 Final Revision session
Tuesday 12 June 12.20 ECON 3 EXAM pre-talk
Wednesday 13 June Period 4 and 5 ECON 4 revision
Thursday 14 June period 5 revision clinic
Tuesday 19 June Period 4 and 5 ECON 4 Final revision session
Wednesay 20 June 8.30am ECON 4 EXAM pre talk
PLEASE RETURN ALL TEXTBOOKS by 20 June
Friday, 18 May 2012
ECON 3 and 4 EU Question
Worth looking at Robert Preston's Great Euro Crash on BBC iPlayer: clik here
For more than two years Europe has teetered on the edge of an economic precipice - one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC business editor Robert Peston takes a long view of...
Also Go through AQA old papers Unit 4 Working as an Economist for ECON 3 and ECON 4 materials. click here
For more than two years Europe has teetered on the edge of an economic precipice - one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC business editor Robert Peston takes a long view of...
Also Go through AQA old papers Unit 4 Working as an Economist for ECON 3 and ECON 4 materials. click here
Wednesday, 16 May 2012
Greek Euro Exit - topical AS/A2 exam material
For that added insight at the end of your ECON 2 or ECON 4 paper you can always say that the facts have changed. The possibility of Greece leaving the Euro may affect the UK - see Robert Peston's latest clip, click here
Revision Sessions
Wednesday 16 May - period 4 A2 and period 5 AS, both in Library
Thursday 17 May Period 1 AS Economics drop in clinic
Friday 18 May Econ 1 optional pre-talk Room 1 12.30
Monday 21 May - Period 4 AS drop in clinic
Tuesday Periods 1 and 2 AS revision clinic
Wednesday 23 May period 4 A2 and period 5 AS, both in Library
Thursday 24 May period 2 AS clinic
Friday 25 May 8.30am optional pre-talk Econ 2 Room 1
email any queries, past paper attempts to: tgray@cherwell.oxon.sch.uk
Thursday 17 May Period 1 AS Economics drop in clinic
Friday 18 May Econ 1 optional pre-talk Room 1 12.30
Monday 21 May - Period 4 AS drop in clinic
Tuesday Periods 1 and 2 AS revision clinic
Wednesday 23 May period 4 A2 and period 5 AS, both in Library
Thursday 24 May period 2 AS clinic
Friday 25 May 8.30am optional pre-talk Econ 2 Room 1
email any queries, past paper attempts to: tgray@cherwell.oxon.sch.uk
UK's trade
Great graphic and get you thinking:
Majority of our exports are now with EU not USA, so its possibly when Europe sneezes the UK catches a cold rather than the USA.
However is the UK de-coupling from the USA and EU - look at the growth in exports to Brazil and India.
Friday, 11 May 2012
Housing Recovery - Evaluation
Robert Shiller in his new book 'Finance and the Good Society' raised some interesting questions about the current housing market and whether a return to large house prices would be a good thing.
It would depend upon the cause of the of the price increase and whether it was a result of anotther unsustainable credit boom followed by another credit crisis. If the cause was rigid planning preventing more houses being built - do we want this?
Complacency: Households assumed that their properties would rise in value so they did not need to save and could borrow on the assumption that they could pay off their debt when they sold the property. Is this likely to happen again? Do we want it to?
The wealth effect - if you sell your house you still need to find somewhere to live and the price of other houses or rented properties in your area have also risen. you could leave the area to buy a cheaper property. you could leave the area to where property prices/rents are lower buit what are the job prospects and familty/social ties?
Downsizing and Inheritance: An elderly person or couple may decide to sell their property and move into a smaller one or rent. However if a household has more than one child then rising house prices will mean that either all of them could not afford to buy a house, if they inherited the value of the house, in an expensive market. How do we provide affordable housing for the next generation?
It would depend upon the cause of the of the price increase and whether it was a result of anotther unsustainable credit boom followed by another credit crisis. If the cause was rigid planning preventing more houses being built - do we want this?
Complacency: Households assumed that their properties would rise in value so they did not need to save and could borrow on the assumption that they could pay off their debt when they sold the property. Is this likely to happen again? Do we want it to?
The wealth effect - if you sell your house you still need to find somewhere to live and the price of other houses or rented properties in your area have also risen. you could leave the area to buy a cheaper property. you could leave the area to where property prices/rents are lower buit what are the job prospects and familty/social ties?
Downsizing and Inheritance: An elderly person or couple may decide to sell their property and move into a smaller one or rent. However if a household has more than one child then rising house prices will mean that either all of them could not afford to buy a house, if they inherited the value of the house, in an expensive market. How do we provide affordable housing for the next generation?
Tutor 2U Revision
There is a lot of useful resources on the Tutor2u Economics Blog so keep looking for the latest updates. I have selected some useful ones for you to look at:
Supply Side Economics AS/A2
Elasticity Quiz AS Econ 1
Monday May 14th 9pm Online Revision Clinic AS/A2
AS/A2 Evaluation Special 25 mark responses
Supply Side Economics AS/A2
Elasticity Quiz AS Econ 1
Monday May 14th 9pm Online Revision Clinic AS/A2
AS/A2 Evaluation Special 25 mark responses
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