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Author Topic: eco paper 3 discussion onli!!!!!!  (Read 6502 times)

Offline devileye

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eco paper 3 discussion onli!!!!!!
« on: June 01, 2009, 02:26:14 pm »
 :o guy let's discuss eco...we can take situations ..and analyze them...and clear all our doubts....well nayways my first doubt sis what are the : private and social costs and benefits and discuss conflicts of interest in relation to these
costs and benefits in the short term and long term through studies of the following issues: quoted frm syllabus...plz help ???
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Offline theigstudent

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Re: eco paper 3 discussion onli!!!!!!
« Reply #1 on: June 01, 2009, 02:38:59 pm »
even i need help on this topic????
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Offline MK

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Re: eco paper 3 discussion onli!!!!!!
« Reply #2 on: June 01, 2009, 03:32:33 pm »
if this wud help u...
*private cost are the firms own cost arising out of a business decision.e.g rent,wages
*external cost are the cost disadvantages incurred by the society caz of a business decision.towards which no payment is made.e.g pollution
*private benefits are the firms own benefits arising out of a business decision.e.g profit
*external benefits are the adv.the society gets caz of  a business deciosion.e.g new roads..new street lyts..
social cost= PC + EC
social benefits = PB + EB

hope it helps..
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Offline aquarian93

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Re: eco paper 3 discussion onli!!!!!!
« Reply #3 on: June 01, 2009, 04:00:24 pm »
u guys, im soooooooo nervous for tom, i cn hardly breath :( :(
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Offline MK

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Re: eco paper 3 discussion onli!!!!!!
« Reply #4 on: June 01, 2009, 04:04:12 pm »
its critical evaluation ryt ???
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Offline devileye

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Re: eco paper 3 discussion onli!!!!!!
« Reply #5 on: June 01, 2009, 04:06:00 pm »
if this wud help u...
*private cost are the firms own cost arising out of a business decision.e.g rent,wages
*external cost are the cost disadvantages incurred by the society caz of a business decision.towards which no payment is made.e.g pollution
*private benefits are the firms own benefits arising out of a business decision.e.g profit
*external benefits are the adv.the society gets caz of  a business deciosion.e.g new roads..new street lyts..
social cost= PC + EC
social benefits = PB + EB

hope it helps....>>>>>>>>>>>>yep dude this helped thx...By the way does  services come under external benfits....and what are the possible conflicts between government aims. sum 1 plz anser this... ::)
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Offline MK

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Re: eco paper 3 discussion onli!!!!!!
« Reply #6 on: June 01, 2009, 04:11:21 pm »
yea services do cum under benefits..
abt the govt.thing..
all i knw is tht wen externalities occur the market fails.
wat the govt does in social cost is :
fines
legalaction
legeslation
taxes
nationalisation                 
and in social benefits they
give subsidies
and less taxes...

i think conflicts wud arise frm these points
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Offline Name

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Re: eco paper 3 discussion onli!!!!!!
« Reply #7 on: June 01, 2009, 04:14:50 pm »
Quote from: devileye on June 01, 2009, 04:06:00 pm
yep dude this helped thx...By the way does  services come under external benfits....and what are the possible conflicts between government aims. sum 1 plz anser this... ::)

services are external benifits because they help society. eg. hospitals helps society by reducing illnesses, schools help society by reducing illiteracy

examples of conflicting aims:
aim : high employment--> increase in demand pull inflation  --> conflicts with aim of stable inflation

high employment --> higher incomes --> could be spent on imported goods --> worsen balance of trade .this conflicts with the aim of maintaining a healthy balance of trade

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Offline devileye

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Re: eco paper 3 discussion onli!!!!!!
« Reply #8 on: June 01, 2009, 04:15:57 pm »
dude wat do u exactly mean by externalities...cn u give a brief discription...:o
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Offline MK

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Re: eco paper 3 discussion onli!!!!!!
« Reply #9 on: June 01, 2009, 04:19:05 pm »
externalities are basically all the external things..
SB > SC  its economic use,worthwhile..
SC>SB   uneconomic, nt worthwhile...
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Offline devileye

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Re: eco paper 3 discussion onli!!!!!!
« Reply #10 on: June 01, 2009, 04:26:17 pm »
hmm..but my teacher tld that EC=XB if either is more then it's a problem ..or i think a situation such as this cnnt exist cz wen external benefits are more even external costs will be more..as more production means more benefit and causes pollution for instance isn't it..?? wat do us say???
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Freaked12

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Re: eco paper 3 discussion onli!!!!!!
« Reply #11 on: June 01, 2009, 04:31:35 pm »
Quote from: devileye on June 01, 2009, 04:26:17 pm
hmm..but my teacher tld that EC=XB if either is more then it's a problem ..or i think a situation such as this cnnt exist cz wen external benefits are more even external costs will be more..as more production means more benefit and causes pollution for instance isn't it..?? wat do us say???


guys be calm and use common sense..see things clearly and read the question properly..there is no such thin as large definations or calculations in p3...its all about case study..when u go to the centre...read the extract 2 or 3 times to get a clear idea what is it about...prolly the last question u will stuck up but dont worry evey1 will...try ur eternally best in small questions the 1 containing 2 or 3 or 4 marks so that 25 or 23 is atleast garunteed.which is an A..anything in 30 and u get A star.
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Offline thukon

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Re: eco paper 3 discussion onli!!!!!!
« Reply #12 on: June 01, 2009, 04:33:43 pm »
How do u calculate inflation?

U take a base year and then make a list of products and then....!!???!?
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Offline devileye

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Re: eco paper 3 discussion onli!!!!!!
« Reply #13 on: June 01, 2009, 04:34:28 pm »
well ur write...but do we gt defintions....it's mainly using brain....is there anything to mug up...or understand...like can they ask for calculation gdp....or nnp or rpi...or it's just questions abd basic answers...??
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Offline MK

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Re: eco paper 3 discussion onli!!!!!!
« Reply #14 on: June 01, 2009, 04:34:41 pm »
yea thts ryt it'll be a problem..
govt.do take action it doesnt really happen..
yea ur thing is ryt...
((as more production means more benefit and causes pollution for instance...))
but it all depends on business decisions

anything above 30..A hmm ok...
thanx for letting me knw tht.
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