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Degree: Economics & Management (Bachelors) - Bristol University
As a tutor, my goal is to help students reach their full potential, gaining confidence and academic support when approaching exams.
By supporting students at whatever level they require, I will assist them to get the grades they are aspiring to, whilst offering myself as a friendly and patient point of contact.
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|Economics||A Level||£20 /hr|
|Maths||A Level||£20 /hr|
|Business Studies||GCSE||£18 /hr|
Business cycles are short-run fluctuations in the economy's GDP, around the long-run trend rate of growth.
Over each business cycle, the economy will first go through a period of expansion, until it reaches a boom. At this point, unemployment will be low, as growth in the economy has led to more demand. This has created a need for more workers - which gives more opportunity for unemployed people to find job vacancies. Here, there is also inflation, due to the excessive demand. During a boom, GDP rises far above the trend rate of growth.
Following this, there will be an economic downturn. Employment will fall as demand also drops, along with confidence. Unemployment will rise, and the economy may drop into a recession - where there are 2 consecutive quarters of negative economic growth. The economy contracts.
This cycle will carry on indefinitely, swinging from an upturn to a downturn and so on, around the trend growth line.
The biggest difference between the two is that the nervous system uses electrical impulses to send signals through neurones, whereas the hormonal system uses chemical messengers transported into blood plasma to target cells. Transmission by the nervous system is short-lived but quick, whereas transmission by the hormonal system is long-lasting but takes much longer. This means that communication is faster when using the nervous system. In the nervous system, responses are localised - whereas in the hormonal system, they are widespread. Responses are often permanent in the hormonal system, but temporary and reversible in the nervous system.see more