The final equilibrium will occur at point B on the diagram. The real money supply will have fallen from 1 to 2 while the equilibrium interest rate has risen from i$' to i$. Thus, an increase in the price level (i.e.,inflation) will cause an increase in average interest rates in an economy. In contrast, a decrease in the price level ( deflation) will cause a decrease in average interest rates in an economy. International Finance Theory and Policy - Chapter 40-10: Last Updated on 1/11/05.
A law degree is a very expensive investment. In fact, some may be better off choosing a degree they enjoy at university in which they can gain better honours and then decide whether to commit to law and do the GDL. 9. The jump from A-Levels to law school. I thought I'd cope well with a law degree, having performed well at school. There's a good reason why the entry levels are so high at the top university law departments. During my law degree, I felt very stupid about 90% of the time during my readings, and would become disheartened by how much I didn't understand. Initially I was very upset at struggling to achieve only 60% (a 2:1) in my work, as opposed to over 90% at A-Level. This is relatively normal.
There is no particular major, course of study, or kind of bachelorâs degree required for admission to law school. In general, you should use your undergraduate education as an opportunity to explore and work on your intellectual development. Itâs not necessary to take law-related courses as an undergraduate.