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Direct taxes are paid to the government straight from the individual or group taxpayer. E.g income tax (comes straight from the individuals' income) or corporation tax (comes straight ...

E.g. Evaluate how would a fall in interest rates effect economic growth.Start by defining the key terms - economic growth, possibly interest rates very briefly.Draw a diagram showing Aggregate Demand shif...

Game Theory explains pricing strategy of firms that are in an oligopolistic market. This means that the market is dominated by a small number of large firms. For example, large airline providers such a...

General tips on structure:- This type of question would be a part (b) on a paper 1, so you would first use the DEED method to explain the situation, and then discuss the impacts on...

The first thing you should do is determine which elasticity you are being asked.

There are four different types of elasticities:

1. PED = Pri...