Muchirigathiru1

credit - ANS Borrowed money. debt cancellation - ANS The act of eliminating the debt owed by a developing country government in order to allow it to achieve development objectives. development indicators - ANS Statistics that may be used to assess the level of development of an economy. These may be single indicators, e.g. infant mortality rate, or composite indicators, e.g. Human Development Index) economic development - ANS A multidimensional concept involving improvement in standards of...

What is the 90/10 ratio? - ANS average income of the richest 10% divided by the average income of the poorest 90% What does disposable income not measure? - ANS quality of social and physical environment, amount of free time, goods and services you can't buy, goods and services that are produced within the household How to calculate nominal gdp? - ANS sum of (price of good i x quantity of good i) How to calculate real gdp? - ANS multiply prices from base year by quantities for year of mea...

Causes of migration - ANS New jobs Higher wages Cheaper housing Natural disaster Persecution Consequences of migration - ANS *Host country* - increased diversity of goods and services e.g. China town - direct effects on wages, taxes, government spending etc *Home country* - brain drain/gain - return and remittances Return migration - ANS Migrants return to the country of origin by their own choice after a significant period abroad Contract migration - ANS Migrant lives in host count...

intro to demographic transition - ANS -the story of the 20th century was one of massive demographic growth -within the lifetime of just our parents the population has over doubled -3 billion in 1960 -7 billion in 2018 -9 billion projection in 2050 stage one of population growth - ANS -classic Malthusian trap of nature -this is typically very primitive societies trapped with the issue of not having enough food -high birth rates and high death rates -high death rates because of diseases a...

What are the 3 aspects of regeneration? - ANS - economic regeneration - social progress - living environment What are 3 ways we can measure the success of economic regeneration? - ANS Compare rates of - income - poverty - employment Before & after the scheme What are 3 ways we can measure the success of social progress? - ANS - reduction in inequality - reduction in deprivation - demographic changes like increased life expectancy, literacy rates, changes to lifestyle like smoking or o...

How has the function of Stratford changed overtime? - ANS Pre-industrial: known for its agriculture and farming Industrial: manufacturing- all jobs were in manufacturing Present day: retail, tourism, business What global influences have shaped the characteristics of Stratford? - ANS Globalisation caused the global shift which resulted in goods being cheaper to export overseas - this caused extreme deprivation in a manufacturing-reliant Stratford in the 1900s. Containerisation was far more ...

Geography: Economic Development in the UK 100% PASSED

Before Adam Smith - ANS - Aristotle - Scholastics - Mercentilism - Pre-classicist: David Hume - Quesnay & Physiocrats Aristotle (384-322 BC) - ANS Examples of reasoning about economic issues: 1. Exchange can only come if there is a potential surplus from the transaction that parties can share o Money simplifies transaction 2. Principle of diminishing marginal returns BUT, no understanding of the economic system as a whole yet Scholastics - ANS - Priests and teachers at medieval univers...

What is the greatest number of classes you took at once and how well did you do in them? - ANS For my A-levels, I took 4 A levels instead of the standard 3, alongside an EPQ and working as finance manager for my young enterprise group, and worked towards my Speech and Drama Diploma exam which included a written exam and a performance, which was due to take place a week after my A levels. Despite having a lot on my plate, I got 3 A*'s and an A, and achieved my Speech and Drama Diploma with hono...

Introduction question - ANS - Graduated from UCL, BSc economics - student club - RB case competition - hobbies: free-diving (AIDA certification) Why LBS (why school) - ANS - Alumni: - Professional development - gift trip Why MiM programme (not mfa) - ANS - practical designed courses - diverse and global outlook - employment data as proof Why postgraduate? - ANS - connection with likeminded inviduals - enhance career prospects Student association or club - ANS - Women in business: (co...