Models as in.....the syllabus? Or the graphs that we draw for
econs?
the models that are taught in the syllabus.
i'm doing my economics degree abroad and never had exposure to
JC econs, so just wondering what models you guys use.
eg solow growth model, mundell-fleming is-lm, ad-as, augmented
philips curve, etc
i think for the question you can talk about the problems
associated with an aging population which has already been
mentioned by previous posts and explain the movements through the
models.
then offer solutions for an aging population, ie import labour,
encourage private health care, improve "pension" fund system, etc.
basically you want to close the budget gap, trade deficit, deal
with likelihood of inflation and improve human capital/capital
accumulation.
should be able to make up for 10 marks i guess :P