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Chain of Reasoning for Different Questions Economics > Labor Market > Flashcards

Labor Market Flashcards

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Chain of Reasoning for Different Questions Economics (28 decks)

Evaluate the likely macroeconomic consequences of a significant fall in global oil prices

Effect of inflation on the Macroeconomy (Paper 2/3)

Effect of inflation on microeconomy

Affect of depreciation on macroeconomy (Paper 2/3)

Macroeconomic effect of unemployment is in the "Application deck" you wallad

Affect of a decrease in interest rates on macroeconomy

Macroeconomic effect of unemployment

Impact of high fiscal deficit/national debt

Government intervention to reduce carbon emissions

Micro and Macro Methods to Increase International Competitiveness (Paper 3)

Evaluate the likely micreconommic effects of a monopsony operating in a labour market like the supermarket industry

Evaluate the likely microeconomic effects of an indirect tax

Explain whether monopolies are efficient or not

Evaluate the effect of an indirect tax to reduce consumption of demerit good (Reduce -ve consumption externality in Sugary Drinks,Alcohol,Vapes)

Impact of a monopsony in a supermarket industry

Evaluate the likely microeconomics effects of an increase in the UK national minimum wage

Impact of a minimum Wage (Mrs Maryam)

Pricing and non price strategies that could be used to increase profitability

Indirect tax vs Regulation to reduce -ve consumption externality

Evaluate the factors that might influence the supply of labour in an occupation of your choice. (NHS))

Evaluate the possible consequences for business decision making of increased market concentration. Refer to industries of your choice in your answer

With reference to an industry of your choice, evaluate why wage differences exist within the UK labour market. (UK Professional Football Industry)

‘Revenue maximisation is a more realistic business objective than profit maximisation for many businesses.’

Nationalisation vs Privatisation (Water Industry in the UK)

Tradeable pollution Permits vs Indirect Tax

Why would firms collude

HOW TO ANSWER MACRO QUESTIONS

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