Microeconomics and Macroeconomics

Case study · The UK economy

Explain the difference between a positive and a normative statement, using an example of each from Extract A.

Case study · The UK economy

Examine two reasons for the rise in inflation in the UK. Refer to the information provided in your answer.

Case study · The UK economy

Discuss the likely impact of a rise in gas prices on a firm that uses a large amount of gas in its production process. Use a cost and revenue diagram to support your answer.

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

Case study · The UK economy

Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK.

Case study · The UK economy

Evaluate the likely microeconomic and macroeconomic effects of tax cuts in the UK.

Case study · Changes in the nature of UK towns and cities

Using the data provided in Extract D, explain one role of financial markets.

Case study · Changes in the nature of UK towns and cities

Examine two reasons why retailers on the high street tend to remain small.

Case study · Changes in the nature of UK towns and cities

Discuss possible methods of price and non-price competition that firms could use to increase the value of sales on the high street.

Case study · Changes in the nature of UK towns and cities

Evaluate the microeconomic and macroeconomic effects of falling house prices.

Case study · Changes in the nature of UK towns and cities

Evaluate the microeconomic and macroeconomic effects of labour shortages in the UK, or a developed economy of your choice.