12EC E Thursday 17 September Mr Lawfull - Year 12 tasks

What is inflation?
How is it measured?
CPI & RPI What is the difference?

What has happened to UK inflation in the 1980's?
What have been the key issues for inflation during this time?

Year 13 - 6Ec03 - COSTS

Diminishing returns  - http://www.economicshelp.org/microessays/costs/diminishing-returns/

https://www.boundless.com/economics/textbooks/boundless-economics-textbook/production-9/the-production-function-63/the-law-of-diminishing-returns-238-12336/

Exam practice

MC June 012 – Q4, June 2011 – Q5, June 2010  - Q3

Data question:

http://beta.tutor2u.net/economics/blog/a2-economics-revision-costs-of-production

A2: Growth and Development Theories

The Invisible Hand:

http://www.youtube.com/watch?v=ulyVXa-u4wE

Lorenz curve and Inequality

http://www.tutor2u.net/blog/index.php/economics/comments/drawing-a-lorenz-curve-worksheet#extended

Harrod Domar


http://www.youtube.com/watch?v=UhNvjCswnMg

Solow and China's growth - build more roads and cities (3.30-4.50)

http://www.youtube.com/watch?v=u11ATjEx4BM

China's empty city

http://www.foreignpolicy.com/articles/2013/06/21/photos_ghost_city_chenggong_china#1