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Estate Agent's Examination Part 1&2

BOVAEP Diploma in Estate Agency (ECON)

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Estate Agent's Examination Part 1&2 > Archive for M2022-1 Economics

Category: M2022-1 Economics

Reasons why GOV intervenes with real estate Q1

30/06/2022 Thomas Sim E3009

Q. Real estate industry is a contributing economic powerhouse to the national GDP. It provides livelihood to many people. Explain the above statement as an estate agent to your client. Read More …

M2022-1 EconomicsLeave a comment

Inflation and geopolitical conditions Q2

30/06/2022 Thomas Sim E3009

Q. (a) We are experiencing inflation in the recent months of 2022. There is a rumour about an increase in chicken price. Comment on why this has happened. 10 marks Read More …

M2022-1 EconomicsLeave a comment

Primary, Secondary & Tertiary sectors Q3

30/06/2022 Thomas Sim E3009

Q. Explain the terms below: (a) Primary sector of the national economy. 5 marks (b) Secondary sector of the national economy. 5 marks (c) Tertiary sector of the national economy. Read More …

M2022-1 EconomicsLeave a comment

Free v Regulated mixed market system Q4

30/06/2022 Thomas Sim E3009

Q. (a) Define economics and clarify why we should study economics in the Estate Agent’s Examination? 10 marks (b) Explain the advantages and disadvantages of the following economic systems:- ii) Read More …

M2022-1 EconomicsLeave a comment

Firm v Industry, Short v Long-run Q5

30/06/2022 Thomas Sim E3009

Q. (a) Explain the difference between firm and industry. 10 marks (b) Show the equilibrium position of a firm and industry under perfect competition in short-run and long-run. Discuss your Read More …

M2022-1 EconomicsLeave a comment

Covid and inflation 5G and trade barrier Q6

30/06/2022 Thomas Sim E3009

Q. (a) Explain the differences between Cost-push inflation and Demand-pull inflation. Is the current situation in Post-COVID-19 Cost-push or Demand-pull, and why? 10 marks (b) Explain how the following factors Read More …

M2022-1 EconomicsLeave a comment

Unemployment, production and national income Q7

30/06/2022 Thomas Sim E3009

Q. (a) Explain two (2) types of unemployment. 8 marks (b) Explain the use of national income data in the economic system. 8 marks (c) Describe the relationship between the Read More …

M2022-1 EconomicsLeave a comment

Tariff, Money and War Q8

30/06/2022 Thomas Sim E3009

Q. Discuss: (a) The purpose of the government in maintaining tariff, subsidy and quota to this date of Malaysia’s economy. Focus your answers on the primary industry. 5 marks (b) Read More …

M2022-1 EconomicsLeave a comment

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