Microeconomics and Macroeconomics

Case study · Turkey – an emerging economy

Explain how the Turkish central bank intervenes in the currency market to prevent ‘excessive appreciation or depreciation of the Turkish lira’ (Extract A, lines 7–8).

Case study · Turkey – an emerging economy

Examine two reasons why the Turkish government may want to avoid a significant fall in the exchange rate of the Turkish lira.

Case study · Turkey – an emerging economy

Discuss the likely success of policies to reduce the consumption of single-use plastic bags in cities such as Istanbul.

Case study · Turkey – an emerging economy

Evaluate the likely microeconomic and macroeconomic effects of a rise in interest rates in Turkey.

Case study · Turkey – an emerging economy

Evaluate the microeconomic and macroeconomic impact of large infrastructure projects such as the building of a third airport in Istanbul.

Case study · The UK economy

With specific reference to Figure 3, explain why productivity is measured by ‘GDP per hour worked, nominal values at PPPs’.

Case study · The UK economy

Apart from literacy and numeracy skills in young workers, examine one reason for the trend in productivity in the UK, over the period shown in Figure 4.

Case study · The UK economy

Discuss factors that are causing many high street retailers in the UK to close some branches or shut down completely. 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 possible microeconomic and macroeconomic policies which could be used to improve UK competitiveness.

Case study · The UK economy

Evaluate the microeconomic and macroeconomic effects of a decline in the literacy and numeracy skills of a country’s young workers.