Yr.12 Economics Summer study work

Very well done in your induction session today class, looking forward to hopefully seeing you all in September.

In the meantime, your summer study is to complete the following task in preparation for September:

Write a brief commentary (at least one side of A4) of the importance of economist Adam Smith. You should focus upon his approach and theory and economics. 

Economics Summer reporting - Yr.13

During the summer period it is very likely that you will hear about a number of key economic developments both in the UK and other EU member countries.

In preparation for Yr.13 studies it is vital that you begin to work towards extended essay answers and use of actual data (graphs and statistics) as this is required for your final examinations.

Using the links below as a stimulus, you need to provide a commentary as to why you think these situations occurred and which other macroeconomic indicators could be affected. You should consider at least the following indicators:

• GDP
• GNP
• Inflation
• Interest rates
• Employment labours
• Aggregate Supply and Demand of the national economy

You will need to provide a commentary, at least a side of A4 for the following:

Inflation in the UK:

http://www.bbc.co.uk/news/business-22948333

Hyperinflation in Zimbabwe:

http://www.economist.com/news/finance-and-economics/21576665-grubby-greenbacks-dear-credit-full-shops-and-empty-factories-dollars-they

Historic Hyperinflation in Germany:

http://www.youtube.com/watch?v=WI1i5yhwOz8

Do the 'rich' feel the recession?

http://www.telegraph.co.uk/finance/personalfinance/10096286/Rich-are-hardest-hit-by-recession.html