ECS1240 Exam April/May

2013
Preparation Guidance

Seen Questions
Questions 1 and 2 are seen
questions.
Need to answer 1.

Unseen Questions
Questions 3, 4, 5 and 6 are unseen
questions.
Need to answer any 2 of those 4.

Question 3
Price Mechanism manipulating the
Supply/Demand diagram.

Question 4
Perfect Competition what makes an
industry perfectly competitive, how
are price and output determined.

Question 5
Economic Growth What can be
done to promote it and what is the
wider impact upon the other
macroeconomic objectives.

Question 6
Circular Flow of Income explain the
model as well as how any changes to
injections or withdrawals would filter
out across the economy.