Leaving Cert Economics: Predictions 2017


2016
2015
2014
2013
2012
Short Questions Perfect competition Choice Opportunity cost Scarcity Demand

Law of Diminishing Returns The consumer Marginal cost Marginal Efficiency of Capital ECB

Unemployment: mobility of labour NTMA Unemployment: structural PED Black economy

Economies of scale Oligopoly Monopoly Collusion Economies of scale

Unemployment: youth Tax Complementary goods Free trade YED

Demand Economic thought International trade Paradox of Thrift MPS and Multiplier

Monetary policy Demand Factors of production (enterprise) Adam Smith Saving

Tax International trade Govt: Troika Average Propensity to Consume Imperfect competition

Govt: minimum wage Govt: changing demographics Govt: EidGrid Govt: regulation of alcohol Tax






Long Questions Supply / Demand Supply / Demand Utility / Supply and Markets  Demand / Substitution effect and Income effect.  Equi-Marginal Principal / PED / CED 

Oligopoly Monopoly/Regulation Imperfect Competition and Irish grocery market Monopoly Perfect Competition and comparison with monopoly 

Factors of production (labour) Microeconomics/Economies of scale Demand: elasticity Labour / Gender Pay Gap / Karl Marx  Terms, Entrepreneurship, Survival of Small firms

Microeconomics /Government policy Factors of production (enterprise)/Irish railways/Keynes Economic terms / Location of a firm / residential property and mortgage arrears  Current Budget Deficit / Taxation / Decreasing capital expenditure  Costs / Location of business

National income Banking / Irish Property market / SME and access to funding National Income  Terms / National Income / Keynes Stimulus Plan  Population, Economic Growth and Thomas Malthus

International trade CPI and deflation / Unemployment and employment Economic Aims / Privatisation / Austerity  Banking / Interest Rates / CPI  Economic Aims, Taxation, Third level education funding 

Tax Circular Flow of Income and Economic Growth Economics of population / Economic growth and development  Balance of Payments / Rising Euro / Challenges of Irish businesses  Trade / Competitiveness / Slowdown in euro growth rates 

Current state of the economy in Ireland Budget deficits / Regional Development / Emigration  Economics terms and Taxation  Unemployment / National Debt / Ageing population  Emigration / Unemployment / John Maynard Keynes 

As you can see from the table above, it's hard enough to predict what's going to be on. Monopoly gets asked a lot, but perfect competition gets virtually no attention for example. What transpires is that it is crucial that you know the following topics well:
- Unemployment
- Types of market structure

With the recent developments in UK foreign policy, International trade could be on: our large on-paper national income jump, the effect on labour, the effect on trade.

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