ALL DIAGRAMS (geoff! 🌟) https://www.tutor2u.net/economics/reference/ace-your-diagrams
A 20 mins / B 60 mins (10m reading time) / C 35 mins (5m reading time) / 5m check
CONNECTIVES
- which in turn can lead to / consequently
- as a result / therefore / moreover / furthermore
- That said.. / In spite of that… / Nevertheless… / However…
- (threshold / net / relative / output gap / trajectory / real)
- influences / exacerbates / amplifies / perpetuates / an influx
- mitigates / contradicts / counteracts / negates / outweighs
APPLICATION
● As stated/specified/noted/reported in
● In light of the data which suggests that
● According to
● This is evident in…
EVAL (what’s wrong with it, how can it be changed, alternatives)
- In theory… in practice, however,…
- To have a real impact in the long term…
- Much depends on…
- However this depends on xyz… Given that…
- The extent to which this analysis is relevant depends on… because…
- The validity of this claim depends on…
- What… fails to take into consideration is the fact that
- His argument relies on the premise that… however…
- However, the link between x and y may be weak; other factors might be more
significant
Significance , Likelihood , Impact , Magnitude
CONCLUSION
- Overall
- On balance
- X must be considered on a case by case basis
- Long vs short run / ceteris paribus / elasticity / inequality (macro + effects on
other econ agents (firms, consumer, govt. , central bank, other countries)
One effect of -> This can lead to… such as -> As a result -> Consequently
However -> Given that