Macro overview
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This document provides a macroeconomic overview and analysis for May 2013. It discusses trends such as weak recovery from the recession and potential drivers of growth. It also examines topics like potential GDP, productivity, monetary policy, fiscal policy, and impacts of a stagnating economy. Key economic indicators and the positions of fiscal and monetary policy are considered.
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Beginner Excel Tips
1. Quick Navigation Tools
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What is the Quick Access Toolbar?
What is the Name Box?
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What is the Mini Toolbar?More from eclements (13)
Econ 1 jan 2011
Econ 1 jan 2011eclements
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This document contains definitions and observations about the prices of coffee and sugar between 2000 and 2009:
- Coffee prices rose from $1.15 to $1.55 per kilo and sugar rose from $0.13 to $0.40 per kilo over this period. The range of price fluctuation was greater for coffee, which saw prices between $0.50-2.60 per kilo, compared to $0.12-0.40 per kilo for sugar.
- A diagram section explains that demand and supply factors, such as a poor sugar crop and speculative buying, led to increased demand and reduced supply, resulting in higher equilibrium prices for sugar. Inelastic demand and supply mean prices are quite sensitiveEconomic efficiency
Economic efficiencyeclements
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There are several types of economic efficiency that relate to how well an economy uses its scarce resources. Static efficiency looks at efficiency at a single point in time and includes allocative and productive efficiency. Allocative efficiency is achieved when the price consumers pay equals the cost of production, maximizing total welfare. Productive efficiency is minimizing costs through producing at the lowest average total cost. Dynamic efficiency considers efficiency over time through innovation and improvements in productivity.Buss 2 visualised
Buss 2 visualisedeclements
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This document discusses key business concepts across marketing, operations, finance, and human resources. It covers the 4Ps of marketing, factors influencing new product development, organizational structure, quality management techniques, budgeting, and profitability. People in business are addressed in terms of recruitment, motivation, and empowerment. Operations topics include productivity and quality assurance versus control.
Buss 1 june 2012 a grade answer
Buss 1 june 2012 a grade answereclements
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This document reviews a student's performance on an exam. It summarizes the strengths and weaknesses identified in each section. The student demonstrated strong understanding in Section A but was missing one extra mark. In Section B, the student needed to stay more focused on the given question and provide better connectives between ideas. Overall, improving the use of evidence and leaving more time for the final question could help achieve higher scores.Buss 1 technique overview
Buss 1 technique overvieweclements
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This document provides guidance on structuring responses for a business case study exam worth 60 marks over 75 minutes. It is divided into 3 sections. Section A is worth 20 marks and involves short answer questions testing definitions, calculations, explanations, and interpretations. Section B involves two 15-mark questions analyzing and evaluating issues in the case study. Responses should define key concepts, develop causal chains, and argue both sides of an issue with conclusions justifying judgments. The document advises using a SWOT analysis box to develop thoughts and carefully reading the case study to identify relevant details.Econ 1 25 mark question
Econ 1 25 mark questioneclements
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The document summarizes key market failures and government policies to address them. It discusses volatility in commodity markets and policies like buffer stocks, price ceilings/floors. It also covers demerit and merit goods, inequality in labor markets, monopoly power and inefficiency, environmental externalities, and contexts like transport and housing. The purpose is to provide an overview of important economic concepts and interventions for a 25 mark exam question.Timing and technique econ 1
Timing and technique econ 1eclements
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- The document provides an overview of the structure and content of an Economics exam, split into two sections: Section A consists of an objective test covering topics like opportunity cost and elasticity, while Section B involves a data response question.
- For the objective test, students are advised to read questions carefully, eliminate obvious wrong answers, show working, and choose the best answer even if uncertain. For the data response section, students should spend 5 minutes planning their response before choosing the easier of the two questions.
- The document offers tips for successfully completing different types of questions that may appear, such as defining key terms concisely, using clear and accurate data from graphs and tables in responses, and structuring diagram and discussionTiming and technique econ 1
Timing and technique econ 1eclements
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- The document provides an overview of the structure and content of an Economics exam, split into two sections: Section A consists of an objective test covering topics like opportunity cost and elasticity, while Section B involves a data response question choosing from two options.
- For the objective test, students are advised to read questions carefully, rule out obvious wrong answers, show working, and choose the best answer even if uncertain. For the data response question, students should take 5 minutes to review the questions before choosing one to answer in detail.
- When responding to the data question, students should identify at least two distinct observations from the data provided, using accurate time points, data, units and rulers as needed to label graphs or
Econ 1 hard mcqs
Econ 1 hard mcqseclements
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This document lists the answers to the most difficult questions on objective tests for an Economics 1 class from January 2009 to January 2012. For each test date, it provides the answer to the hardest question asked, as well as the answers to the second hardest questions. The tests were given in January and June of each year.EU Overview
EU Overvieweclements
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The document summarizes key information about the European Union (EU) including its history, membership, policies, and issues. The EU began as economic cooperation between 6 countries after World War 2 and has since expanded to 27 member countries with 500 million people speaking 23 languages. It has a single market and common policies on trade, agriculture, and regional development. While the EU aims to ensure freedom of movement, it faces economic issues related to integrating new members and responding to debt crises in some eurozone countries.IMF Presentation 
IMF Presentation eclements
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The IMF was created in 1944 and began operations in 1945 with the goal of stabilizing exchange rates and assisting in rebuilding the international monetary system after World War 2. It currently has 188 member states and provides policy advice and financing to countries facing economic difficulties or seeking to achieve macroeconomic stability and reduce poverty. Some of the largest borrowers in recent years have been Greece, Portugal, Ireland, Romania and Ukraine.Macro overview
- 7. Potential GDP and Trend Growth
- 10. Monetary Policy
- 11. Bank Lending
- 13. Fiscal Policy
- 14. C to I ?
- 15. M to X ?
- 16. MP v 2.0?
- 17. Impacts of MP ?
- 19. Impacts of a Stagnating Economy?
- 20. FP Position: tax or spend ?
- 21. UK v RoW