Anish P. A Level Maths tutor, GCSE Maths tutor, A Level Economics tutor

Anish P.

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Mathematics with Economics (Bachelors) - LSE University

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About me

About me:

I'm currently studying Maths with Economics at the London School of Economics and Political Science (LSE). I recently finished my A-Levels in Maths, Further maths and Economics achieving A*AA. I have mentored students at school from year 11 and 12 for 1 year in Maths and Economics.

About me:

I'm currently studying Maths with Economics at the London School of Economics and Political Science (LSE). I recently finished my A-Levels in Maths, Further maths and Economics achieving A*AA. I have mentored students at school from year 11 and 12 for 1 year in Maths and Economics.

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Qualifications

SubjectQualificationGrade
MathsA-level (A2)A*
Economics A-level (A2)A
Further MathsA-level (A2)A

General Availability

Pre 12pm12-5pmAfter 5pm
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tuesdays
wednesdays
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sundays

Subjects offered

SubjectQualificationPrices
EconomicsA Level£20 /hr
MathsA Level£20 /hr
MathsGCSE£18 /hr

Questions Anish has answered

Analyse two economic benefits of globalisation. [6]

A country is likely to benefit from higher rates of GDP growth. This is because access to a greater market size means greater export potential for countries like Malawi to exploit their comparative advantages. Specialisation according to comparative advantage maximises the potential revenue from exports because costs will be lower so the price competitiveness of exports increases. As a consequence, (X-M) in the AD equation will increase thus the curve shifts to the right; increasing Real GDP and therefore actual economic growth.

Globalisation will also bring in more FDI and encourage Multi-national corporations (MNCs) to set up in foreign countries to produce goods and services. To do this they will need workers. As a consequence, they will hire local workers leading to unemployment decreasing as labour is a derived demand. 

EXTRA:

Globalisation has also led to increased migration around the world. Increased supply of labour drives down wage cost allowing firms to produce goods/services at cheaper prices, increasing consumer surplus.

Businesses benefit from lower costs. This is because they can source raw materials from all around the world and find the cheapest price. As a consequence, businesses experience lower costs of production translating into lower prices allowing them to increase their market shares and maximise profits, promoting long term investment and dynamic efficiency.

A country is likely to benefit from higher rates of GDP growth. This is because access to a greater market size means greater export potential for countries like Malawi to exploit their comparative advantages. Specialisation according to comparative advantage maximises the potential revenue from exports because costs will be lower so the price competitiveness of exports increases. As a consequence, (X-M) in the AD equation will increase thus the curve shifts to the right; increasing Real GDP and therefore actual economic growth.

Globalisation will also bring in more FDI and encourage Multi-national corporations (MNCs) to set up in foreign countries to produce goods and services. To do this they will need workers. As a consequence, they will hire local workers leading to unemployment decreasing as labour is a derived demand. 

EXTRA:

Globalisation has also led to increased migration around the world. Increased supply of labour drives down wage cost allowing firms to produce goods/services at cheaper prices, increasing consumer surplus.

Businesses benefit from lower costs. This is because they can source raw materials from all around the world and find the cheapest price. As a consequence, businesses experience lower costs of production translating into lower prices allowing them to increase their market shares and maximise profits, promoting long term investment and dynamic efficiency.

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2 years ago

630 views

Find dy/dx of 5x^2 + 2y^3 +8 =17.

As we have to differentiate both x and y, we must use implict differentiation for the y by differentiating it with respect to x (also written as d/dx)

5x-> 10x (multiply the power by the number at the start and take away 1 from the power)

2y3 -> 6y2 . dy/dx (the dot means multiply)

8 -> 0 (a sole constant always differnetiates to 0)

17 -> 0

Therefore the equation now looks like this:

10x + 6y2 . dy/dx = 0

so 6y2 .dy/dx = -10x

so dy/dx = -10x / 6y

As we have to differentiate both x and y, we must use implict differentiation for the y by differentiating it with respect to x (also written as d/dx)

5x-> 10x (multiply the power by the number at the start and take away 1 from the power)

2y3 -> 6y2 . dy/dx (the dot means multiply)

8 -> 0 (a sole constant always differnetiates to 0)

17 -> 0

Therefore the equation now looks like this:

10x + 6y2 . dy/dx = 0

so 6y2 .dy/dx = -10x

so dy/dx = -10x / 6y

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2 years ago

555 views

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