Areas to focus for Paper 2 (Case study and DRQ)

1. Demand and Supply; Elasticities ; Max and min price

2. Standard of Living and measures of income ( e.g. GDP & GNP)

- measures

- differences between Money income and real income

3. Balance of Payments � structure and items affecting e.g. international trade, direct foreign investment

4. Oil Market and China Effect

-MJC Econs dept.

For those who took the paper, you know how the story went after that. For those who didn't, bring Murphy's Law in.

Germany? Water? Really?

Well, the shock didn't actually sink in until the examiner said "pens down", at which I had an urge to exercise the age-old pun by getting up and taking off and taking off my lower garments, but decided against it since I already got caught with my metaphorical pants down.

The articles were complete nonsense too. The world doesn't have enough water, so now it has to restructure itself so it can trade in virtual water? Next thing you know you'll be eating virtual food, burning virtual calories and dying a virtual death. And I'm sure nobody saw the article about Indian marble coming either. As if India wasn't blind-sidingly weird on its own, a state 99% of the world probably hasnt even head of has to be in it, with an equally redundant industry as well.

If nothing else, it's good to know that some people in the world have marble, I know i've lost mine by now.