UNIVERSITY OF DELHI DELHI SCHOOL OF ECONOMICS DEPARTMENT OF ECONOMICS Minutes of Meeting Subject : Course : Date of Meeting: Venue : Convenor Attended by: 1. Basanti Kumari Nayak‚ Satyawati College 2. Supriti Mishra‚ Shyam Lal College 3. Chhavi Gautam‚ Kamla Nehru College 4. Lokendra Kumawat‚ Ramjas College 5. Rashmi Mittal‚ Dyal Singh College 6. Reetika Rana‚ Shivaji College 7. Punam Tyagi‚ Kalindi College 8. Aditi Aeron Bansal‚ Shaheed Bhagat Singh College 9. Vandana Sethi‚ Motilal Nehru College
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w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2007 question paper 9708 ECONOMICS 9708/02 Paper 2 (Data Response and Essay (Core))‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate
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Year 10 Geography summary Australia: * South Eastern Hemisphere * Latitude 10oS-44oS * Longitude 113oE – 154oE * Part of Asia-pacific region Aid: International Aid – assistance developed countries give to developing countries to encourage economic growth and improve living standards AusAID (Australian Agency for International Development) – manages Australian aid and contracts work out to companies and NGOs (Non-Government Organisations) which deliver aid projects and train local
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Economics Answers Define the following terms: 1) Public goods are goods that when produced can be freely consumed by anyone‚ for example the justice system. They are made up of the following goods‚ non-exclusive and non-rival. Non-exclusive goods are goods that people cannot be excluded from consuming‚ it is difficult or impossible to charge for its use which implies no private market as benefits cannot be denied to those who refuse to pay‚ for example public TV. Non-rival goods or
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MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMICS ____________________________________________________________________________________________ 1.0 INTRODUCTION – THE SUBJECT MATTER OF ECONOMICS Economics comes from the verb ‘to economise’‚ and this means making ends meet. This is a study of how society makes decisions‚ regarding the allocation of scarce resources. Economics as a subject is divided into two parts; Economics‚ social science concerned with the production‚ distribution
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Economics Reviewer (For IV- Understanding ONLY) Market – the medium in which buyers and sellers interact. (Note: its meaning is not limited to a location or geographical area‚ it also focuses on people who are WILLING and ABLE to buy and/or sell goods and services. Two major players/actors in the market: Buyers & Sellers Market Equilibrium: when buyers and sellers agree at a certain price and quantity to transact Price Equilibrium: price agreed by both buyers and sellers. Quantity Equilibrium:
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How to measure development: 10/11/2013 1. PowerPoint: Economic: GDP‚ GNP/GDP per head capita‚ real GDP‚ GNI Social measures: Life expectancy‚ birth rate‚ adult literacy‚ and infant mortality‚ HDI. Happy Planet Index is an index of human well-being and environmental that was introduced by the New Economics Foundation in July 2006 2. Read: HDI p.28-29 a) List the 3 components of the HDI Life expectancy‚ adult literacy rate and standard of living (income adjusted to local cost of
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de-regulated the industry in 2000. * They do not have perfect policies and regulations to control farm product price * shocked industry leaders and put local jobs at risk 3. What economic theories can be drawn? * Government intervention * Actions on the part of government that affect economic activity which includes “taxes”‚ price controls‚ assorted regulations‚ and control over government spending. * Deregulation allowed for
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Perfect competition A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers‚ and society. Ex:- Wheat‚ rice Key characteristics Perfectly competitive markets exhibit the following characteristics: 1. There is perfect knowledge‚ with no information failure or time lags. Knowledge is freely available to all participants‚ which means
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Consumer expenditure Mini Case John Hawksworth “Opinion: Economic Trends - Saved by the consumer?”‚ Accountancy‚ London‚ Mar 2002 (with minor editing) How long can the UK economy buck the global trend just because our consumers keep spending money? Have we avoided the recession that has gripped the US‚ Japan and Germany over the past six to 12 months or are we just postponing the day of reckoning? And are we storing up worse problems for the future as a result of rising household debt levels
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