ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[sweet_sana]

i don't hv any notes for it

[BlackBunny103]

i don't hv any notes for it

OMG Seriously? I mean don't you teachers give you notes or haven't you been taking notes during the course for 2 years ? I mean do you just learn base on your textbook only?

If so, then I suggest you check out some eco's revision sites .

[sweet_sana]

yap...i jz used 2 study from da text...and tht also i lost it in tht exm place
i dunno any site where we can get eco revision notez do u?

[holtadit]

Okay people. I need help in one tincy wincy little thing in Economics :


I have no knowledge of income groups and how expenditure patterns differ between income groups.

Anyone feel like helping me ?

[destructor]

Okay people. I need help in one tincy wincy little thing in Economics :


I have no knowledge of income groups and how expenditure patterns differ between income groups.

Anyone feel like helping me ?

Yes i can help
repayment for help for explaining in the grading system
First we'll focus on low income
monthly income is low - overall expenditure is low
greater % expenditure on food as they have a low income
greater % expeniture of income on alcohol and de-merit goods
less expenditure on medicine (therefore lesser life expectancy) and on transport as they will tend to use public transport
hardly any luxury goods purchased
Less expenses on Leisure as they can hardly afford
Expenses on education take up a higher percentage of annual income but in some places education maybe free or extremely cheap
High Income
Expenditure high on technology - iPods ,mp3's, blu-ray, laptops, gaming
Expenditure higher on medicine - health check-ups, dental and what not
Transport expenditure(overall) higher as private transport will be used, rather than public transport
More expenditure on communication - internet bills and telephone connections, mobile phones, mobile bills
More expenditure in luxury goods and wants such as leather sofas, designer clothing etc (can also include technology)
Overall greater expenditure on alcohol, cigars and stuff
Greater expenditure on education - private schools, tutors, college etc.
More expenses on leisure activities
Greater expenditure on business activity
Greater expenditure on vacations
Also lesser expenditure on local goods and services
greater expenses on imported goods and services

[holtadit]

WOAH !!! Thanks a bunch !!!   +rep

To be honest, I cant remember explaining the CIE grading system to you.... mind jogging my memory ?

[destructor]

WOAH !!! Thanks a bunch !!!   +rep

To be honest, I cant remember explaining the CIE grading system to you.... mind jogging my memory ?

remember man
we were discussing the thresholds and the grades and stuff and then u asked me...who told me to ask u about the grading system and the percentile stuff remember

[holtadit]

remember man
we were discussing the thresholds and the grades and stuff and then u asked me...who told me to ask u about the grading system and the percentile stuff remember

Oh, yeah. I remember now.

You ready for eco ?

[destructor]

Oh, yeah. I remember now.

You ready for eco ?

Yeah man
Need to do more
Tip of advice:
to waste less time during preparations and while practicing past papers
attempt the questions by writing points instead of long answers with sentences and stuff
it wastes less time but during the paper write full sentences
For a question write the no of points in correspondence with marks and provide a decent explanation... and if u cant think of many points...then give a better explanation but always provide an explanation
most importantly link the points in your answer with other important policies,points and other stuff

[J.Darren]

Yes i can help
repayment for help for explaining in the grading system
First we'll focus on low income
monthly income is low - overall expenditure is low
greater % expenditure on food as they have a low income
greater % expeniture of income on alcohol and de-merit goods
less expenditure on medicine (therefore lesser life expectancy) and on transport as they will tend to use public transport
hardly any luxury goods purchased
Less expenses on Leisure as they can hardly afford
Expenses on education take up a higher percentage of annual income but in some places education maybe free or extremely cheap
High Income
Expenditure high on technology - iPods ,mp3's, blu-ray, laptops, gaming
Expenditure higher on medicine - health check-ups, dental and what not
Transport expenditure(overall) higher as private transport will be used, rather than public transport
More expenditure on communication - internet bills and telephone connections, mobile phones, mobile bills
More expenditure in luxury goods and wants such as leather sofas, designer clothing etc (can also include technology)
Overall greater expenditure on alcohol, cigars and stuff
Greater expenditure on education - private schools, tutors, college etc.
More expenses on leisure activities
Greater expenditure on business activity
Greater expenditure on vacations
Also lesser expenditure on local goods and services
greater expenses on imported goods and services

Hmm you should mention normal goods, inferior goods and the saving pattern as well ... The overall level of expenditure in high income group tends to be lower.

[holtadit]

Hmm you should mention normal goods, inferior goods and the saving pattern as well ... The overall level of expenditure in high income group tends to be lower.

Please elaborate; my textbook and teacher are useless.

Please tell me everything you know.

[J.Darren]

Please elaborate; my textbook and teacher are useless.

Please tell me everything you know.

High income group

Normal goods - Luxury items would be a good example - wants, spend more on it as income increases
Necessities - Milk, bread etc

High income group would tend to spend most of the income on luxury goods, although they would still spend on necessities, the overall level of expenditure tends to be lower.

High income group tend to save more than low income group (explained below)

Low income group

Inferior goods - 56k dial up versus broadband, you would consume less of those as your income increases
Necessities - Milk, bread etc.

Low income group would tend to spend most of the income on necessities, and satisfy a few wants from time to time, they have no spare money to save.

[destructor]

High income group

Normal goods - Luxury items would be a good example - wants, spend more on it as income increases
Necessities - Milk, bread etc

High income group would tend to spend most of the income on luxury goods, although they would still spend on necessities, the overall level of expenditure tends to be lower.

High income group tend to save more than low income group (explained below)

Low income group

Inferior goods - 56k dial up versus broadband, you would consume less of those as your income increases
Necessities - Milk, bread etc.

Low income group would tend to spend most of the income on necessities, and satisfy a few wants from time to time, they have no spare money to save.

of course but then he only asked for expenditure patterns

[J.Darren]

of course but then he only asked for expenditure patterns

Please refer to Reply #333

[destructor]

Please refer to Reply #333

darren he asked u that
after u told him about normal, inferior goods and the saving pattern