Currently unavailable: for regular students
Degree: Business and Accounting (Bachelors) - Exeter University
I am a second year university student studying Business and Accounting at the University of Exeter, and have always had a real passion for Economics and Finance.
I have had experience tutoring with a company in Singapore, and feel that the key to tutees success is being comfortable with their tutors, allowing them to understand the subject before beginning to practice the exam papers.
Having used various tutors throughout my GCSEs and A-Levels, I understand that being patient and friendly are the most important qualities that a tutor should possess, and I ensure that these are qualities that my tutees see in me.
The most important thing for me as a tutor is that my students feel like they have accomplished something every session, so I encourage them to guide me through what they want to cover.
I hope that not only will the students learn and progress from each session, but also enjoy the subjects, just as I did thanks to fantastic teachers.
Having been through the UCAS system, I am also available to advise students regarding the application process, as well as offer advice for starting university, hopefully making the whole experience seem a little less daunting!
|Economics||A Level||£20 /hr|
|Politics||A Level||£20 /hr|
|-Personal Statements-||Mentoring||£20 /hr|
|Before 12pm||12pm - 5pm||After 5pm|
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Define trade deficit: A trade deficit occurs when the value of a countries imports exceeds the value of a countries exports.
Explain the effect of a change in the exchange rate: A fall in the Uk's exchange rate would result in an increase in the price competitiveness of UK exports overseas. Another result of this would be a fall in the price competitivness of imports.
This means that there will be an increase in the quantity of exports sold, and a fall in the quantity of imports purchased by the UK, due to the change in price competitiveness.
This will potentially correct the trade deficit, because as the value of imports falls, and the value of exports increase, the net surplus in the UK will become positive.
However, an increase in the UK's exchange rate would have the opposite effect, with price competitiveness of imports increase, and price competitiveness of exports decreasing. This means that quantity of exports sold will fall, and quantity of imports bought will increase, resulting in a further trade deficit.
Also, if either imports or exports are price inelastic, a change in price may result in less than responsive change in demand, which could lead to a worsening trade deficit.
To conclude, an increase in the Uk's exchange rate could be effective in correcting a trade deficit, however factors such as the elsticity of the goods imported and exported, as well inflation in other counties, must be considered to calculate just how effective this method is.see more