thank you for quick response
How to interpret the assessment criteria?Quick update as may have missed it:2.10 Market failure—asymmetric informationTopic Session Paper Marks Command termAsymmetric information / government response SAMPLE 1...
Exam tracker for HL economicsOf course, why not?
How to interpret the assessment criteria?Hi Mark I want to make sure that the source itself is acceptable for IB purposes.Could you please advise whether Yahoo Finance is considered a reliable and suitable source according to IB standards for the Internal Assessment?Here is the link...
How to interpret the assessment criteria?How did we get 3% rise of value of imports? How does 3% fall in VOLUME of imports cause 3% rise in VALUE of imports on Japan when there is 10% devaluation of currency? Because the PED elasticity is 0.3 so a rise in the price of imports of 10% causes...
The Marshall-Lerner condition / J curve (HL only)Hi Mark, in Activity 1 there is impact on VOLUME of the imports, whereas in Activity 2, there is PED used to calculate impact on VALUE of the import. In Activity 2, PED is used to calculate the change on the value of imports of local currency. How...
The Marshall-Lerner condition / J curve (HL only)I doubt it Kristina but as you say it is part of the syllabus. That said, I have not seen any such question on P3 or anywhere else?
The Marshall-Lerner condition / J curve (HL only)Yes Rodrigo, I am working on it, I am currently completing one every couple of days.
Unit 4: Exam style questions global economicsHi Mark, regarding these activities to calculate elasticities and impact on current account balance. Is this a part of the syllabus? Can it appear in Paper 3 questions? Because I have not found it in textbook Hodder education. Thanks. Regards....
The Marshall-Lerner condition / J curve (HL only)
Kevin
On "Exam practise - paper three question on international trade", is the answer for Question 1B correct? I keep getting 1,485,000
Floating exchange rates