(a) Explain the main differences between equity and efficiency.
[10 marks] (b) Outline the opportunity costs...
(a) Explain the main differences between equity and efficiency.
[10 marks] (b) Outline the opportunity costs that an adult learner
faces. [10 marks] (c) Explain the issues that are normally
discussed in microeconomics.
Question 1 (a) Explain the main differences between equity and
efficiency. [10 marks] (b) Outline the opportunity costs that an
adult learner faces. [10 marks] (c) Explain the issues that are
normally discussed in microeconomics.
a) Explain a foreign currency futures contract and outline the
differences between futures and forwards. b) The Chicago Mercantile
Exchange (CME) and the New York Board of Trade (NBOT) operate
futures markets in currencies in the following pairs US$/pounds and
US Dollar/Pound. The value standardize size of a sterling futures
contract is 6,500 pounds. Describe how a UK company that expects to
received US$800,000 in three months time can use a futures contract
to hedge transaction exposure if the following...
b) Outline and explain the theoretical and practical differences
between functional and orientation approaches to marketing. Explain
the reasons for your answer, are there any industries, products or
activities to which either one of these approaches is unsuitable?
15 Marks
Question 1
(a) Name three main valuation approaches.
(b) What are the differences between Discounted Cash Flow
Valuation and Relative valuation?
(c) Discounted Cash Flow Valuation tends to work best for
investors who:
(d) Relative Valuation tends to work best for investors who:
(e) “A valuation model is an objective search for true value”.
Do you agree? Briefly Explain.
Explain the main differences between costs
incurred on a non-current asset that are capitalised as part of the
asset cost as opposed to costs that are immediately expensed. In
your answer, you are also required to explain the
difference in accounting treatment / impact on the accounting
equation and provide an example of each to illustrate your answer.
(word limit 150)
b) Explain and show in a diagram the main differences between
equilibrium unemployment and disequilibrium unemployment.
(a) Describe the main standard short-term monetary policy
measures.
(b) Using the relevant graphical illustration, show and explain why
a tariff on international trade is inefficient.
Explain that equity and efficiency are the main recurrent theme
of policy making
With two factors discuss why policy makers behave the way they
do.
Explain the Efficient Market Classification and discuss its
role in policy making
With two factors, explain how efficient policy instruments are
selected