Florence R. A Level Economics tutor, GCSE Economics tutor, A Level Go...

Florence R.

£18 - £20 /hr

Currently unavailable: for new students

Studying: Philosophy, Politics and Economics (Bachelors) - LSE University

5.0
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1 review| 44 completed tutorials

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About me

About me Hi, I'm Florence and I am a Bachelor's student at the London School of Economics about to start my second year studying Politics, Philosophy and Economics. I am very interested in my subjects and have a firm grasp on the knowledge and understanding necessary.  What about you? I have had my fair share of tutoring in the past so I know what methods tend to work and what to avoid. It is still very important for me to understand exactly what you want to cover, and I will focus my sessions entirely on these areas of difficulty to reach a good fit to your needs. Please contact me to arrange a session, I look forward to hearing from you!About me Hi, I'm Florence and I am a Bachelor's student at the London School of Economics about to start my second year studying Politics, Philosophy and Economics. I am very interested in my subjects and have a firm grasp on the knowledge and understanding necessary.  What about you? I have had my fair share of tutoring in the past so I know what methods tend to work and what to avoid. It is still very important for me to understand exactly what you want to cover, and I will focus my sessions entirely on these areas of difficulty to reach a good fit to your needs. Please contact me to arrange a session, I look forward to hearing from you!

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Ratings & Reviews

5from 1 customer review
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Courtney (Student)

September 14 2016

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Qualifications

SubjectQualificationGrade
MathematicsA-level (A2)A*
PoliticsA-level (A2)A*
EconomicsA-level (A2)A*

General Availability

Before 12pm12pm - 5pmAfter 5pm
mondays
tuesdays
wednesdays
thursdays
fridays
saturdays
sundays

Subjects offered

SubjectQualificationPrices
EconomicsA Level£20 /hr
Government and PoliticsA Level£20 /hr
EconomicsGCSE£18 /hr
Government and PoliticsGCSE£18 /hr
MathsGCSE£18 /hr
Maths11 Plus£18 /hr

Questions Florence has answered

Why is inflation desirable?

Inflation is desirable when it is low and stable.

The easiest way to explain why is by outlining the consequences should inflation be either too high or too low;

1. If inflation is too high it often becomes very volatile and therefore differs widely from expectation. Risk averse people will want to protect themselves from this uncertainty and therefore may avoid financial planning, such as drawing up contracts.

2. If inflation is too low there is a risk of deflation (where general price levels fall in an economy). If inflation is at 0 or negative then people may decide to put off purchases, knowing that prices will fall and goods and services will become cheaper in the future. This however, leads to a vicious cycle, as the cost of production does not necessarily fall in line with prices. Therefore, facing lack of demand from consumers, producers may have to lay off workers or pay them less in order to stay in business. This in turn means demand falls further as fewer workers can afford the goods and services the producers are selling, and the cycle starts again.

Inflation is desirable when it is low and stable.

The easiest way to explain why is by outlining the consequences should inflation be either too high or too low;

1. If inflation is too high it often becomes very volatile and therefore differs widely from expectation. Risk averse people will want to protect themselves from this uncertainty and therefore may avoid financial planning, such as drawing up contracts.

2. If inflation is too low there is a risk of deflation (where general price levels fall in an economy). If inflation is at 0 or negative then people may decide to put off purchases, knowing that prices will fall and goods and services will become cheaper in the future. This however, leads to a vicious cycle, as the cost of production does not necessarily fall in line with prices. Therefore, facing lack of demand from consumers, producers may have to lay off workers or pay them less in order to stay in business. This in turn means demand falls further as fewer workers can afford the goods and services the producers are selling, and the cycle starts again.

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1 year ago

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