In groups of 4 you are to read your question and answer the following questions:
1) Identify reasons the government might intervene in markets and evaluate the different types on intervention.
Analyse the question:
Break down the questions, what are they KEY
words? What is it asking for you to do? Do
you need to use stimulus material? If so how
will you use it?
The theory – Trends,
concepts:
What is the theory behind the issue? What are
the concepts, calculations, trends exist with
this issue? How can you use calculations,
graphs etc to illustrate your answer?
Keys to the issue- Cause
and effects:
What brings about the issues for the topic:
What causes it to be part of the economy and
how does it impact on the wellbeing of the
economy?
Sustainability:
Sustaining an argument: Plan your response
in a logical way, and make sure everything
flows.
In groups of 4 you are to read your question and answer the following questions:
2) Analyse how a firm might use information provided by markets and describe its usefulness in deciding on issues of supply.
Analyse the question:
Break down the questions, what are they KEY
words? What is it asking for you to do? Do
you need to use stimulus material? If so how
will you use it?
The theory – Trends,
concepts:
What is the theory behind the issue? What are
the concepts, calculations, trends exist with
this issue? How can you use calculations,
graphs etc to illustrate your answer?
Keys to the issue- Cause
and effects:
What brings about the issues for the topic:
What causes it to be part of the economy and
how does it impact on the wellbeing of the
economy?
Sustainability:
Sustaining an argument: Plan your response
in a logical way, and make sure everything
flows.
In groups of 4 you are to read your question and answer the following questions:
3) Evaluate the characteristics of monopolies and oligopolies in relation to market power.
Analyse the question:
Break down the questions, what are they KEY
words? What is it asking for you to do? Do
you need to use stimulus material? If so how
will you use it?
The theory – Trends,
concepts:
What is the theory behind the issue? What are
the concepts, calculations, trends exist with
this issue? How can you use calculations,
graphs etc to illustrate your answer?
Keys to the issue- Cause
and effects:
What brings about the issues for the topic:
What causes it to be part of the economy and
how does it impact on the wellbeing of the
economy?
Sustainability:
Sustaining an argument: Plan your response
in a logical way, and make sure everything
flows.
In groups of 4 you are to read your question and answer the following questions:
4) Identity two problems that might arise if a market was completely free, and describe an alternative to market solutions.
Analyse the question:
Break down the questions, what are they KEY
words? What is it asking for you to do? Do
you need to use stimulus material? If so how
will you use it?
The theory – Trends,
concepts:
What is the theory behind the issue? What are
the concepts, calculations, trends exist with
this issue? How can you use calculations,
graphs etc to illustrate your answer?
Keys to the issue- Cause
and effects:
What brings about the issues for the topic:
What causes it to be part of the economy and
how does it impact on the wellbeing of the
economy?
Sustainability:
Sustaining an argument: Plan your response
in a logical way, and make sure everything
flows.
In groups of 4 you are to read your question and answer the following questions:
5) Analyse how environmental problems might arise from free markets, and discuss how market intervention may be used to solve
the problem.
Analyse the question:
Break down the questions, what are they KEY
words? What is it asking for you to do? Do
you need to use stimulus material? If so how
will you use it?
The theory – Trends,
concepts:
What is the theory behind the issue? What are
the concepts, calculations, trends exist with
this issue? How can you use calculations,
graphs etc to illustrate your answer?
Keys to the issue- Cause
and effects:
What brings about the issues for the topic:
What causes it to be part of the economy and
how does it impact on the wellbeing of the
economy?
Sustainability:
Sustaining an argument: Plan your response
in a logical way, and make sure everything
flows.