HI Mark, just be sure! the not longer than 12 months rule is upto when the students submit their work according to the schools deadlines and not when the dpc submits to the IBIS? Thanks!
How to write your IAThanks for your time, Mark. By the way, for question (c) does it fit more with the diagram of externality of production?
Paper 2 question on market failure, inflation, economic growth and exchange ratesI agree David, let me change that.
Paper 2 question on market failure, inflation, economic growth and exchange ratesDear Mark, Referring to question (d) and the mark scheme. The prompt asks to use Text C to explain the cause of inflation, but Text C covers contractionary monetary policy (raising rates to 27.25%), which is a response to inflation, not...
Paper 2 question on market failure, inflation, economic growth and exchange ratesIt is Lukasz, correct, let me change that.
Paper 2 question on living standards, supply-side policies and inflationQuestion b is actually not about " the average level of real wages in table 3 " but rather about average level of change in real wages.
Paper 2 question on living standards, supply-side policies and inflationDear Inthinking Economics team, for the answer for question b(i) shouldn't it be ((2.84-3.52)/3.52)x100 and for question b(ii) ((5.2-6.1) /6.1) x 100.
Paper 2 question on demand and supply theory, resource allocation, economic growth, aggregate demand and aggregate supplyHi Alexandru, Thank you so much for pointing this out. I have made the change. Alex
Unit 2.11(3) Market power - Monopoly(HL)Hello. In the table above, the TR at the price of 350 is 22,750, not 22,275. That's because 350x65=22,750. I used the 22,275 to calculate MR for my students and I was wondering why the results were different. At first I thought...
Unit 2.11(3) Market power - Monopoly(HL)
Mark
Site authorMaybe David and that would also be marked correctly, the pertinent point is 'welfare loss area or externality, representing the area where the MSC of production > MSB'.
Paper 2 question on market failure, inflation, economic growth and exchange rates