Pearson Edexcel • Economics 2008

AS Micro Economics Lesson 1 - The Economic Problem

This essay includes detailed analysis and evaluation of the possible reasons for the change in the value of the swiss franc against the euro. Reasons include the increase in the demand for the swiss assets and lower relative interest rates.

This essay includes detailed analysis and evaluation to examine the likely effects on the Swiss economy of the decision by the Swiss National Bank to allow the franc to float freely against the euro. A decline in economic growth and an increase in unemployment are discussed. This essay can be used for less specific examples as well.

This essay uses chains of analysis to discuss the statement that "Globalisation is solely responsible for the trend in the share of wages as a proportion of GDP.

This essay uses chains of analysis and evaluation to discuss globalisation and how it has affected the increase in income inequality to a certain extent, using reference to specific countries

This essay includes detailed analysis and evaluation on whether globalisation always increases income inequality within countries, with reference to specific examples of countries.

This essay includes detailed chains of analysis, using the Lorenz curve, and evaluation examining the economic impact of a significant increase in income inequality within a country. Increased entrepreneurship, increased migration and changes in education are discussed with the help of examples.

This essay includes detailed analysis and evaluation on policies that could be implemented by the government to reduce absolute poverty, such as subsidising new enterprises, increasing government spending and the use of microfinance schemes is touched upon.

This essay critically examines the causes of changing patterns of trade and how it relates to the theory of comparative advantage. Points are made using detailed chains of analysis and evaluation points are made too.

This document goes over free trade areas and evaluates protectionist polices using chains of analysis. Protectionist measures in response to currency manipulation is also critically examined.