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Eryder123
Lc economics predictions 2020??

dont know which tolics to prioristise


10 Comments
Eryder123
Eryder123
topics *
DaWheelo
DaWheelo
All of them.
AbsoluteUnit36
Market structures (perfect and monopolistic competition haven't been up in at least two years I think) as well as the factors of production (all four) are probably on the cards for the micro questions this year alongside the usual demand, supply and costs questions. Good rule of thumb for prepping though: STUDY IT ALL
aidan959
aidan959
wont be monopoly, full question last year. Wont be Inflation, full question last year etc.
aidan959
aidan959
wont be monopoly, full question last year. Wont be Inflation, full question last year etc.
IIG2019
IIG2019
I wouldn't rule out Monopoly, it is possible that it come up as a short question, and inflation again another that could have some short question with a definition and the impact that particular inflation is having on the Irish Economy.
wasCF
wasCF
Population, Economic Development and International Trade (along with Valance of Payments) haven't been up in ages.
sjshortall
1. The Environment (how it can be protected, carbon tax arguments for/against raising) 2. Trade (Comparative Advantage, Surplus on BOP current account, barriers to trade, Irexit arguments for/against) 3. Full Employment (definition, benefits, challenges) 4. Government policy (current budget surplus, income inequality, balanced regional development, property and land prices rising, privatisation - arguments for/against) 5. Population (urbanisation, ageing population consequences & gov. action, raising of retirement age 2018, emmigration/immigration) 6. National Income (calculations, CFOI, GDP & GNP, economic growth costs/benefits) 7. Balance between liquidity & profitability (diagram & explanation)
IIG2019
IIG2019
@sjshortall The functions of the NTMA or even the ECB considering Lagarde has become the new head of the organisation. I think Consumer Behaviour is possible, especially considering how we are all becoming consumer aware, then I think a question about the environment could come up as a part c as you have to apply your knowledge and so on. I don't see Irexit appearing however I do see barriers to trade and protectionism, International Trade definitely is one I see coming up considering the economic times Trump VS China. Costs of Production is definitely possible, and could be put in a Brexit Scenario. I actually agree with many of your predictions to be honest, Just I see Taxation appearing a bit more, maybe in the Short Questions, just a definitions or else it will be put to us that the Corp Tax has a surplus this year and outline the possible benefits to the Gov from this surplus, and then one can mention how it can be used to service the national debt etc.
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