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Neoclassical economics was 'a crucial stage in the creation of a genuinely scientific unified theory of economic behaviour'. Discuss.
1. Understanding of the topic.
Proper use of theoretical ideas to guide the analysis.Correct use of terminology.Ability to explain ideas and events. Ability to explain how policy works or has influenced events. Ability to compare and contrast different opinions.Evidence of an informed decision about what areas to concentrate on in the essay.
2. Depth of analysis and evidence.
Ability to go beyond mere description of events or policies and explain why they have taken a particular form and what their significance is.Quantity and quality of evidence underpinning major points/conclusions.Ability to identify and assess potential alternative scenarios.
3. Presentation and communication skills.
Logical sequence to the essay.Proper introduction and conclusion. Clear referencing, including clear statement of the source of any data presented. Good use of English and fluent style.
Trade Restrictions Effects on Exchange Rates. Suppose that the Japanese government relaxes its controls on imports through Japanese firm.
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The demand for new motor homes in the US is highly cyclical and sensitive to diesel fuel values and interest rates. Given these characteristics, explain the effect of the following on quantity demanded
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