Task 1 Using supply and demand analysis identify the main factors in determining the price of private housing in the UK. Support your analysis with the use of supply and demand graphs. (50 marks)

Supply and demand analysis allows us to investigate and understand how the operation of markets, or sometimes the failure of markets.

 

Task 1 Using supply and demand analysis identify the main factors in determining the price of private housing in the UK. Support your analysis with the use of supply and demand graphs. (50 marks)

 

Task 2 Identify and explain the main government/ economic policies that can be used to stimulate the demand for private housing in the UK. (40 marks)

 

Note: 10 marks are available for referencing and effective communication (Total marks available: 100)

 

 

private housing in the UK.

 

Task 1.

Some research into house price trends in UK housing marketing.-

 20 years to reveal and comment on the fluctuations in the market.

House prices to interest rates.

 

Explanation of basic supply/ demand / equilibrium diagram.

 

4 diagrams showing , demand shift to right/ left, supply right/ left. The effect this has on p and q. At least one factor which could cause each shift.

 

Elasticity diagrams.

Demand – supporting factor

Supply – supporting factor- short term long term.  

 

1250 words approx.

 

Task 2.

Refer to five policies.

Which do they think works best and why.

1100 words.

 

On word count - + 10% allowed so overall could be 2750 words.