СRIТIСАLLY АSSЕSS ТНЕ САUSЕS АND ЕFFЕСТS ОF РRIСЕ FLUСТUАТIОNS ТRIGGЕRЕD BY СНАNGЕS IN ТНЕ VАLUЕ ОF ОIL.

• —The Economist

  —Quality Tabloids (Be mindful of bias)

  —The Internet

  —Take care with sources – avoid citing Wikipedia, Tutor2U, etc

  —Government Institutions: ONS, OBR, OECD, etc

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  —Essay instructions: p.13

  —Essay titles: p.15

  —In all cases: Ensure you apply/discuss/critically evaluate (or at least) acknowledge the appropriate theory

  —Title page, reference list, appendices are excluded from the page count

• For every X decrease in oil price, there is X growth in the economy
• ‘Deflationary’ pressures
• Supply and Demand Curve
• Reasons why there is a decrease in the price
• A discussion of the cause and effect of the decrease in oil price
• Middle East, OPEC and U.S.
• Falling demand (slowdown) in key economies
• Emergence of a new(?) oil supplier, i.e. Iran