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Showing results for tags 'real world examples'.
Hi, I have a question about paper 1 that I would like to ask you guys about. So... how do I use real world examples for Macroeconomics? I find it pretty difficult to use real world examples for many topics in macroeconomics because we can't talk about a single product or a market, but we must look at the entire economy in general. For example, I think its pretty hard to think of an example to answer a question like "Explain the reasoning behind the shapes of the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve". What would you guys suggest? I am struggling hard because I dont have a teacher and my exams are coming up in a month. Please help!
For economics paper 1 and paper 2, how important are real world examples? And if they are pretty important, is there anywhere I can find like a compilation of real world examples that are divided into econs topics?