Comments for SGC Business

Comment on MindMap for Banking by Remmrit Bookmarking

Remmrit Bookmarking — Thu, 14 Aug 2008 11:16:00 +0000

Mindmap Bookmarks…

Remmrit.com user has just tagged your post as mindmap!…

Comment on LC Economics Exam 2008 by Mr. Hannon

Mr. Hannon — Wed, 18 Jun 2008 12:25:48 +0000

A testing paper with several topical items. A good choice of questions and all expected sections were on the paper. The 2008 paper continued the trend of recent years of applying economic theory to the real world.

Comment on Why study Economics? by Dave

Dave — Wed, 16 Apr 2008 22:57:01 +0000

Economices, In my opinion one of the best subject’s on the course, will provide you with a challenge and widen your understanding of business in the world.

Comment on Government facing a €5 billion deficit by mark naughton

mark naughton — Tue, 25 Mar 2008 16:26:14 +0000

1 The deficit will be greater than planned due to the slow down in the economy and the decrease in tax revenue that was expected.

2 The economic effects of a budget deficit are:
a) increase in taxes such as vat,corporation tax, excise duty and stamp duty to reduce the deficit
b) due to the increased spending, the national debt will increase

Comment on Government facing a €5 billion deficit by Christopher Duffy

Christopher Duffy — Thu, 20 Mar 2008 16:05:30 +0000

1. The deficit in 2008 will be greater than planned due to a slow down in the economy and due to the government taking in less money through taxes.

2. The economic effects of the large deficit are:
i)increased inflation rates due to increased spending in Ireland
ii)increased taxes to reduce the deficit

Comment on Subprime crisis continues by kevinredmond

kevinredmond — Wed, 19 Mar 2008 16:54:00 +0000

Its all well and good laughing at the americans but how long before it effects the irish economy if not already..?

Comment on Subprime crisis continues by Joshua Kwentoh

Joshua Kwentoh — Mon, 17 Mar 2008 21:08:49 +0000

Nice Site layout. Keep up the good work. Looking forward to reading more from you.

Comment on Government facing a €5 billion deficit by Dave Walsh

Dave Walsh — Sat, 15 Mar 2008 11:16:42 +0000

1. The reason why the budget deficit will be higher than expected is because there has been a dramatic increase in unemployment because of a slow down in the economy.

2.The economic effects of this deficit are:

(i) Because of the budget deficit, when the budget happens in December taxpayers might have to pay for the deficit in higher taxes such as income tax.

(ii Also the inflation rate would increase because of the increased spending in the economy. An increase in inflation would have dramatic effects because this would lead to a increase in the cost of goods and services and inflation would be higher in Ireland than wanted, because the European Central Bank (ECB) sets rates for the Eurozone. They want inflation to be 2% in the Eurozone, currently inflation in Ireland is around 4.8%.

Comment on Government facing a €5 billion deficit by Rory Martyn

Rory Martyn — Fri, 14 Mar 2008 00:22:23 +0000

1. The budget deficit in the economy will be less than originally planned because the Irish government is taking in less money in taxes due to a rise in unemployment. The government now takes in less money and is spending more on social welfare, to those who have become unemployed. Ireland’s economic growth is also in lower than in recent years.

2. Two economic effects are:
(i) Increased inflation because the government is pumping more money into the country.
(ii) Increased National Debt.

Comment on Government facing a €5 billion deficit by conor summerville

conor summerville — Thu, 13 Mar 2008 19:27:47 +0000

1. The deficit on the budget will be greater than previously anticipated because of a slow down in the Irish construction sector. This slow down has led to the government taking in less taxes from stamp duty, vat, corporation tax, etc.

2.
(a) A large budget deficit could cause taxes to be increased to compensate for the lost revenue.
(b) A large budget deficit could also cause the economy to slow down as there would be less money in circulation and if there were six months of negative growth this would cause a recession.