...ECONOMICS EXAMINATION GUIDELINES GRADE 12 2014 These guidelines consist of 25 pages. Copyright reserved Please turn over Economics 2 Examination Guidelines DBE/2014 INDEX PAGE 3 1. INTRODUCTION 2. ASSESSMENT IN GRADE 12 2.1 Format of the question papers 2.2 Detail of question papers 4 4 4 3. CONTENT 6 4. CONCLUSION Copyright reserved 25 Please turn over Economics 1. 3 Examination Guidelines DBE/2014 INTRODUCTION The Curriculum and Assessment Policy Statement (CAPS) for Economics outlines the nature and purpose of the subject Economics. This guides the philosophy underlying the teaching and assessment of the subject in Grade 12. The purpose of these Examination Guidelines is to: • • Provide clarity on the depth and scope of the content to be assessed in the Grade 12 National Senior Certificate (NSC) Examination in Economics. Assist teachers to adequately prepare learners for the examinations. This document deals with the final Grade 12 external examinations. It does not deal in any depth with the School-Based Assessment (SBA). This guideline should be read in conjunction with: • • • The National Curriculum Statement (NCS) Curriculum and Assessment Policy Statement (CAPS): Economics The National Protocol of Assessment: An addendum to the policy document, the National Senior Certificate: A qualification at Level 4 on the National Qualifications Framework (NQF), regarding the National Protocol for Assessment (Grades R–12) The national policy pertaining...
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...structures. Greece became a member of the European Union in the 1980’s and participated in the free trade environment that was and is a representation of the EU. Brazil, on the other hand, practices protectionism which also had both a negative and positive impact on the country. This paper looks at both the positive and the negative impacts of each country’s trade policies and practices. Historical Insight A Brief History of Greece Greece (The Hellenic Republic) is located on the far south of the Balkan Peninsula, and consists of over 1400 islands, the largest of which is Crete, and the capital is Athens. Greece has a population of around 11 million people as at 2013, according to the World Bank. Its GDP is 242.2, GDP growth -3.3% and inflation is -0.9% as also confirmed by the World Bank in 2013, see Table 1. Greece has a parliamentary democratic system, the main political parties are Table 1 | | | 2005 | 2012 | 2013 | Greece | GNI per capita, PPP (current international $) | 24,850.0 | 25,160.0 | 25,750.0 | 25,700.0 | Greece | Population, total (in millions) | 11.1 | 11.1 | 11.1 | 11.0 | Greece | GDP (current US$) (in millions) | 239,659.0 | 247,665.8 | 249,525.4 | 242,230.3 | Greece | GDP growth (annual %) | 5.0 | 0.9 | -6.6 | -3.3 | Greece | Life...
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...PEST Analysis for a Company in the Tourism Industry The Tourism industry is one of the fastest growing industries in the world. The World Travel and Tourism Council estimates that in 2004 Travel and tourism is expected to generate * US$ 5,490.4 billion of economic activity * 10.4% of total GDP * 214,697,000 jobs or 8.1% of total employment * 12.2% of total exports [1] My task is to conduct a PEST analysis for a company within the Tourism industry. Within the tourism industry, I have to select one area of interest like transportation, accommodation and transportation etc. and then one company doing business with these sectors related with the tourism. According to Leiper “Transportation is the only link between the tourist-generating region and destination region”[2]So, transportation was a more interesting sector to discuss in the report but I tried to find a company which is related with all these main sub-sectors discussed above in the report. I have decided to look in the U.K market for such company because “Tourism is one of the largest industries in U.K, worth approximately 75.9 £ Billion to the U.K economy in 2002 and supporting around 2.1 million jobs.” [3] During my research on internet I found many companies offering services in the tourism of U.K but I have decided to choose “Simply Travel” because of its variety of services offering related with the accommodation, transportation and attractions...
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... Parliamentary monarchy President of the government (current) Jose Luis Rodriguez Zapatero Demographic Factors Population (2010) 46,030,109 Median age 40.5 years Religion Predominantly Roman Catholicism Economic indicators Currency Euro(EUR) Real effective exchange rate index Base: 2005(100) Inflation rate 3.5% (As of May 2011) GDP per capita (2010) 30,782(US$ at PPP) Unemployment rate (2010) 20.1% Real GDP growth (2010) -0.1% 2. POLITICAL CONDITIONS AND EXTERNAL RELATIONS A member of the European Union, Spain, officially known as the Kingdom of Spain, is a constitutional monarchy with parliamentary form of democratic government. The head of state is King Juan Carlos 1 in whose reign Spain transitioned successfully to democracy...
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...Fundamentals of Macroeconomics Angelica Austria ECO/372 January 16, 2014 Sarah Allen Fundamentals of Macroeconomics Macroeconomics is the study of economics involving phenomena that affects an entire economy, including inflation, unemployment, price levels, economic growth, economic decline and the relationship between all of these. While microeconomics looks at how households and businesses make decisions and behave in the marketplace, macroeconomics looks at the big picture - it analyzes the entire economy (Grimsley, n.d.). The economy is affected by several factors; the inflation rate, the unemployment rate, interest rates, and gross domestic product (GDP), nominal GDP, and real GDP. Gross domestic product determines the health and size of the country’s economy. GDP represents the market value of all the goods and services produced within a country in a particular. Nominal GDP calculates the changes in market prices based on what happened the current year while real GDP evaluates using market prices of some base year. Inflation rate measures the change in price of goods and services over a period. Unemployment rate is a percent of the number of people, who are unemployed, but is actively seeking for employment and is available to work. All these factors relate to our everyday lives and how we make financial decisions on how, what, and when to spend our money. We live in the world where we depend on the economy to provide us job or business opportunities...
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...Topic: Socio-Cultural impacts of tourism Tourism considered as global phenomenon which is carried out by persons itself. This naturally results in meeting of different culture, economy, progress, status, etc. round the globe. Human being considered as social animal cause’s significant social culture impact by tourism. According to Teo (1994) impacts are defined as “change in value system, moral, conduct, individual behaviour, relationship, lifestyle, expression, tradition”. Social culture impact of tourism discussed below is categorised broadly as positive and negative impact of tourism, factors responsible and impact management utilising various supportive journals articles. Interaction between host and tourist at particular destination leads to social culture impacts. This could have immediate social impact like change in quality of life, adjustment to tourist industry and long term culture impact like change in standards, social relationship defined as “conducting elements of behaviour and product of that behaviour” (Weidenfeld, 2012). Broadly literatures revels positive impacts like urban relocation by creating jobs, infrastructure, security, foster pride in culture, etc. certain negative impacts like increase in crime, environmental detonation, increase traffic, alcoholism, drugs, prostitution etc. However, the impacts are considered ambiguous broadly varies country to country and hosts perceptions. Various pre studied articles are taken into consideration to have detailed...
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...Identification of key issues/ strategic agenda 11 4.0 Identification of key forces driving the strategic agenda 11 5.0 Identification of 5- 8 over- riding drivers 13 6.0 Root - cause analysis 13 7.0 Identification of 2 key drivers 13 8.0 Plot of two key drivers to determine possible scenario 14 Figure 1 Scenario Analysis 14 9.0 Four scenarios and description of key assumptions 14 Four Scenarios for 2018 14 Co-opetition, 15 Co-existence 15 Competition 15 Conflict 16 10. Testing of scenarios for consistency and reliability 16 Conclusion 17 Recommendation 17 Bibliography 19 Introduction: Tanzania is endowed with some of the world's greatest natural wonders. Following major reforms in its foreign tourism policies, tourism has increased to become the nation's second leading foreign exchange earner. There are many weaknesses at national level including poor infrastructure, lack of trained staff, and legal and regulatory framework. In this paper, a case study of Asilia Lodges and Camps Ltd, I have tried to highlight a number of scenarios analyzed and recommendations have also been drawn to try to improve the current situation in relation to the future. The focus is on hotels and camps operated in national parks and not other hotels such as those operated in township. With increasing number of players in the market, global and regional competition, economic...
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...9 References 18 1. INTRODUCTION: As a marketing consultancy team, we have been asked to review the current marketing plan of Visit Britain that was put together by an inexperienced marketing team. Visit Britain is a large tourist organisation, whose aims is to increase inbound tourism in Great Britain and to improve Britain’s ranking in the eyes of international travellers but also to expand the tourism industry. (VisitBritain, 2013) This report will require a Marketing This audit will critically analyse the current plan, it will identify areas that needs improvement on the plan also recommending strategies and tactics that can help Visit Britain to achieve their objectives with justification. This report will explore the macro environment, the micro environment and the internal environment of visit Britain using PESTEL, SWOT, and 5 PORTAL FORCES Models. Few growth strategic options will also be recommended justifying one of the only one of the strategy then growth marketing mix will be outlined in support of the strategic options recommended. 2. SITUATIONAL ANALYSIS The first decade of the twenty first century has been a significantly difficult period for the tourism industry worldwide....
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... * Increase the existing product sale potential * Extend market share globally * Less dependent on existing/domestic market * Optimize the use of world resources * Economies of scale * Cheaper goods * More varieties and qualities goods to consumer * Increase in world’s total outputs * Higher standard of living * Jobs creation * Encourage consumption Drawbacks from trade * Loss jobs in home country * Natural resources exhaustion * More dependent on foreign countries * Small countries doesn’t enjoy the international trade * Difficult to maintain close relationship between buyers and sellers * Over specialization * Danger of starvation * Disagreement between sellers and buyers * Local production may suffer * Local production may be overshadowed by international competitors * Wage inflation Impact of trade liberalization benefits Both consumers and companies can ultimately benefits from trade liberalization. For consumers, trade liberalization will provide lower prices of goods and also extend the range of quality goods and availability of services. For companies, they can benefits from trade’s risk diversification and channels resources to the place that contributes to the highest return. Moreover, it would facilitate competitions, investments and leads to an increase in productivity when it is accompanied by appropriate domestic policies. Incidences of protection Under ASEAN Economic...
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...Business in Colombia, South America Tracy Rosser Athens State University November 30, 2015 Business in Colombia, South America Introduction/History “I’d rather be in a grave in Colombia, than in prison in the United States” said one of Columbia’s most famous drug lords, Pablo Escobar (Bowen, 2001). Although Colombia works hard to portray itself as a tourist destination that has a viable economy, it cannot totally rid itself for being known as the largest producer of cocaine in the world. This type of drug activity is big business and comes with its fair share of crime. Political unrest and high crime aside, Colombia seems to be focusing on legitimate business interests and doing business with this country would be a viable option. The name "Colombia" is derived from the last name of Christopher Columbus. The territory that became Colombia was first visited by Europeans when the first expedition of Alonso de Ojeda arrived at the Cabo de la Vela in 1499. The Spanish made several attempts to settle along the north coast of today's Colombia in the early 16th century, but their first permanent settlement, at Santa Marta, was not established until 1525. Cartagena was founded on June 1, 1533 by Spanish commander Pedro de Heredia, in the former location of the indigenous Caribbean Calamarí village. Cartagena grew rapidly, fueled first by the gold in the tombs of the Sinú Culture, and later by trade. In 1863 the name of the Republic was changed officially to "United States of...
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...Brief Background of Turkey Turkey, officially the Republic of Turkey is a contiguous coasttocoast country, located mostly on Anatolia Western Asia, and on East Thrace in Southeastern Europe. Turkey's location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance. Turkey's largely freemarket economy is increasingly driven by its industry and service sectors, although it traditional agriculture sector still accounts for about 25% of employment. Oil began to flow through th BakuTbilisiCeyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. Tourism in Turkey has experienced rapid growth in the last twenty years, an makes up an important part of the economy. 2. PESTE Factors 2.1 Political (P) Stability of Government Turkey’s current government (Justice and Development Party), Turkish Adalet ve Kalkınma Partisi (AKP), als called AK Party or Turkish AK Parti, political party that came to power in Turkey in the general elections of 2002 Prime minister of the party is Recep Tayyip Erdoğan since 2002. In the most recent election, Turkey's 17th general election was held on 12 June 2011 to elect 550 new members of Grand National Assembly. Justice and Development Party garnered 21,399,082 votes, which was almost half of the total votes and ...
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...1. Balance of Payments. a. The current account is having different elements which create it and these elements are * The balance of trade * Amount of payments of interest to foreign investors and from foreign investment * Payments from international tourism * Private gifts and grants. b. The capital account is composed of all capital investments made between countries, including both direct foreign investment and purchases of securities with maturities exceeding one year. 2. Inflation Effect on Trade. a. A high inflation rate tends to increase imports and decrease exports, thereby increasing the current account deficit, other things equal. b. This question is intended to encourage opinions and does not have a perfect solution. A negative current account is thought to reflect lost jobs in a country, which is unfavorable. Yet, the foreign importing reflects strong competition from foreign producers, which may keep prices (inflation) low. 5. Exchange Rate Effect on Trade Balance. If the dollar weakens against all currencies, the U.S. balance of trade deficit will likely be smaller. Some U.S. importers would have more seriously considered purchasing their goods in the U.S. if most or all currencies simultaneously strengthened against the dollar. Conversely, if some currencies weaken against the dollar, the U.S. importers may have simply shifted their importing from one foreign country to another. 9. Currency Effects. One...
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...TOURISM by Student’s Name Code + Course Name Professor’s Name University Name City, State Date Travel and tourism have been one of the important sectors that have contributed majorly to economic development for both developed and developing countries. Tourism industry helps in raising the level of national income and improve the standard of BOP (balance of payments). It also makes indirect contributions through the promotion of good diplomatic relationships among countries. These attributes are important in establishing a competitive economy for any nation. Developing the travel and tourism sector requires effective policies that can help in solving possible obstacles that can prevent the desired progress (Klingmann 2007). Therefore, this paper will present an analysis of the tourism sector in Iceland by identifying the current influences on travel organizations within the tourism industry. In addition, there will be an analysis of theories and models that help explain travel flows and trends in important destinations within Iceland. Influences on travel organizations The performance of travel organizations depends on the political systems within a region. The political setup has a significant impact on how companies form their structures and the way of operation. For example, the relationship established between two countries based on the political ties play a significant role in opening the global market for the tourism industry in Iceland. Also, an...
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...Running Head: TOURISM DEVELOPMENT Tourism Development and Planning [Name of the Writer] [Name of the Institute] Tourism Development and Planning Introduction Tourism is defined as those friendly tourist activities with the natural, cultural and social and community values, which allows you to enjoy a positive exchange of experience among residents and visitors, where the relationship between tourists and the community is fair and benefits the activity is distributed fairly, and where visitors have a truly participatory attitude in their travel experience. Tourism is fundamental for the economy of many regions, like Thailand. Because tourism involves attracting foreign exchange, it is generally the only means of economic development for some nations. It provides an opportunity for development, employment marketing and sale of local goods etc. It also helps in creating service industries, which are crucial for the development of a region. Many evolving nations like the overview of tourism as a vehicle for financial development, granted its promise to profit from foreign exchange, decrease earnings and paid work disparities, reinforce linkages amidst financial parts and assist to alleviate poverty. The dispute opposite policy maker is to have a broader viewpoint and better comprehending, that there can be both affirmative and contradictory consequences from tourism development. Tourism, in fact, has a number of features that make it an activity to be...
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...Selected Thesis Topics for BScBA students Bachelor´s Thesis 2013-2014 Please use this list of the fields of International Business for thesis work and potential thesis topics when choosing and informing us the field of your thesis + the thesis topic in the form Indication of Interest Area for Thesis 2013-2014. Part 1. Thesis topics for companies and other organizations We have first listed the thesis projects that are available to do for companies and organizations. If you are interested in these projects, please mark the topic to the Indication of Interest Area form the same way than any other topic. It should be noted that the students selected to do the thesis from these topics must be motivated and committed for the work. Please do not contact these organizations yourself before the selection process has been completed for all students. More information on topics can be asked from Mari Syväoja or Tomi Heimonen. Organization: Thesis Biofenno projects for (www.biofenno.fi) companies and organizations Selected Thesis Topics for companies and organizations Internationalization plan Plan how to take and promote product Tuovi Tuotevirtakirjanpito to EU markets. Tuovi Tuotevirtakirjanpito is a stock and feed recording program for organic farmers. It produces necessary stock and feed reports for annual inspection. Also stock balance reporting benefits farm managements. Because Tuovi Tuotevirtakirjanpito complies with all the regulations EU has set for organic farmers, it has...
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