Tutor2u Essay Plans

One micro effect of a tariff on Chinese steel is that steel manufacturing firms in the UK will see an increase in demand and improved profits from selling output.This is because an import tariff makes Chinese steel more expensive which can lead to expenditure-switching effects.

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(25) Contestable markets Neo-classical theory of competition implies that more firms in a market is the only way to improve outcomes for consumers”.

(25) Food prices and consumer welfare Examine the policies a government might use to make food affordable to lower income groups.

Users of steel such as construction firms may substitute towards relatively cheaper UK steel leading to an outward shift of demand and a higher supernormal profit per tonne of steel supplied.

However the strength of the substitution effect depends on the size of the import tariff because Chinese steel might have been significantly cheaper than the UK.

(25) Discuss the factors that may have contributed to slow economic growth in the European Union (25) Financial economics Examine the view that market failure is inevitable in financial markets.

Justify your answer with reference to economic theory and evidence (25) Assess the policies that have been introduced to reduce financial market failures in the UK economy since the Global Financial Crisis.(25) Assess the extent to which the financial sector has been responsible for speculative bubbles in one or more countries of your choice.(25) Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.He has over twenty years experience as Head of Economics at leading schools.He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.(25) Macroeconomic trade-offs UK unemployment has fallen to a 45 year low of 4.2% of the labour force, yet CPI inflation remains relatively stable and close to target.Evaluate the view that, in the case of the UK economy, the standard Phillips Curve trade-off between jobs and prices is no longer valid (25) European Monetary Union and the EU Economy To what extent should the Euro Area be considered an optimal currency area?In London, the ratio can be considerably higher: in Chelsea & Fulham, it is 24.8.Assess the policies that might be most effective in improving housing affordability in the UK economy (25) Evaluate the micro and macroeconomic impact of a significant rise in average UK house prices (25) Regulation of monopoly Using your own knowledge, evaluate the argument that economic welfare can be best promoted through regulation of businesses with monopoly power (25) Barriers to entry and profit Examine the role of barriers to entry in earning economic profit in industries of your choice.(25) Evaluate the view that increased regulation of the banking system can be damaging to the competitiveness of an economy.Discuss with reference with countries of your choice.

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