Microeconomics and Macroeconomics

Case study · Chile

With reference to Figure 2, explain one likely reason for the change in the Chile peso exchange rate between 2013 and 2015.

Case study · Chile

Examine the likely impact of externalities of copper mining on firms and communities within Chile.

Case study · Chile

Apart from externalities, discuss the problems that Chile faces as a result of dependency on copper mining.

Case study · Chile

With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of policies that could be used to stimulate economic growth and development in Chile.

Case study · Chile

With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic impact on Chile’s economy of changes in the level of investment.

Case study · The UK economy

With reference to Extract D (line 18), explain the meaning of the term ‘output gap’. Use an aggregate demand and aggregate supply diagram in your answer.

Diagram needed. Open the original question paper for the diagram ↗

Case study · The UK economy

With reference to Figures 4 and 5 and your own knowledge, examine the relationship between the national debt as a proportion of GDP and the fiscal deficit.

Case study · The UK economy

Discuss the likely impact of the National Living Wage on the profitability of firms. Use a cost and revenue diagram in your answer.

Diagram needed. Open the original question paper for the diagram ↗

Case study · The UK economy

With reference to the information provided and your own knowledge, evaluate the likely microeconomic and macroeconomic influences on the UK’s international competitiveness.

Case study · The UK economy

With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of a government policy of cutting public expenditure rather than raising taxes as a means of reducing a fiscal deficit.