You are welcome to ask questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c.
- Please don’t ask any maths calculations.
- The question and answer will be published here where everyone can see it (including your teacher).
- I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
Related
Why does a change in price cause the demand for labour curve to shift out?
Since demand for labour is MPP x P , shouldn’t the change in price cause a change in slope?
Can you explain whether bad money really drives out good money? For example, the spain bond yields have increased because the 100B recently lent has got priority status over other older Spanish bonds.
Applying this concept, do later buyer of shares have more priority over earlier ones in regards to favorable terms, and does this also apply to the labor market in that newer recruits can command better salaries and terms over older workers?
How does the market distinguish ‘good money’ and ‘bad money’ assuming the ‘bad money’ are not counterfeits, like in precious metals cases?
Why is there differences in income distribution international?
(why are some more unequal etc)
Thank you, appreciated everything you do on the site.
analyse the effectiveness of international organisations e.g. IMF and WTO to help promote economic development.
thank you
Would you be able to explain the Harrod-Domar growth model? In specific, what is the relation between warranted rate of growth and natural rate of growth?
Thank you.
Dear Mr.Pettinger,
With talk of a Greek exit from the euro,the situation is almost always compared to Argentina in the 1980s.Can you explain what happened there and how itb was resolved.
at about 28% explain why it may be necessary for government to maximum price control
what is meant by full employment
This is hypothetical, but I wondered what would happen if we developed robots resembling humans who could perform any task a human could perform, but more effectively and essentially for free?
More specifically, how would this development affect employment and real per capita gdp, and what would the pros and cons be? What regulation, if any ,would be necessary?
Thanks!
What do you think about Argentinas economical future, with the current presidents politic and ~22% inflation, taken in mind?
Question from British civil servant:
Dear blog-brains: is there any credible source for, or way to ascertain, the proportion of an individual’s consumption of goods and services that refers to government-funded services, by some sort of income measure? (UK if possible)
The hypothesis is that the poorest have the biggest proportion of their consumption linked to govt-funded services. Sounds obvious, but we can’t see any stats for it.
If we can understand the extent to which poverty is linked to govt consumption, we can look at the prospect of giving people more power and choice thru reshaping govt services, rather than relying solely on welfare / income transfers n- so quite a big deal.
Many thanks!
Hi, I was just wondering what recapitalisation (specifically the recapitalisation of banks) actually involves?
Hi,
In the Classical Model of Aggregate Supply, why do we assume that Money demand is interest inelastic for the model to work? (MV=PY to show aggregate demand)
Is the spectre of inflation the only reason the FED doesn’t simply print the US out of its economic troubles? By print, I mean at least print enough to pay down the debt to a managable level, or create a major business incentive program using printed cash.
If all Greeks native or from abroad (or any other country in debt) bought their own bonds would this make the debt much lower?
Not much lower but surely will help up to some level.