A Level Micro/Macro 25 Mark Essays

Micro Essays Housing Home ownership has become increasingly difficult to access, particularly for first-time buyers, as house price growth has outstripped growth in wages. Median house prices in England are now 7.7 times higher than median earnings. In London, the ratio can be considerably higher: in Chelsea & Fulham, it is 24.8. Assess the policies … Continue reading A Level Micro/Macro 25 Mark Essays

Ten Feedback Points Based on the Edexcel Economics Specification.

Markets and the price mechanism Students need to know clear distinction between renewable and non-renewable resources. Plus the key roles of the state in a mixed economy Functions of the price mechanism (signalling, incentive, rationing functions) often the basis for a question Externalities and market failure Students only need to know 2 out of 4 … Continue reading Ten Feedback Points Based on the Edexcel Economics Specification.

Crash course: what the Great Depression reveals about our future.

As the summer of 1929 drew to a close, the celebrated Yale university economist Irving Fisher took to the pages of the New York Times to opine about Wall Street. Share prices had been rising all year; investors had been speculating with borrowed money on the assumption that the good times would continue. It was … Continue reading Crash course: what the Great Depression reveals about our future.

Modular Homes – A solution to the Housing Crisis?

Modular Homes are houses built in factories and then quickly erected on site (much like Ikea’s flat pack furniture). One housing association claims it takes just one day to build a 3 bed house from scratch in their factory. These pre-packed homes can then be put up on site in less than 48 hours. It … Continue reading Modular Homes – A solution to the Housing Crisis?