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.
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1> what is real resources and real cost ?
2. what is the real cost to society of unemployed resources ?
1. what is real resources and real cost ?
2. what is the real cost to society of unemployed resources ?
Im trying to complete my essay on: Assess the contention that increasing the level of exports can reduce unemployment.
Would you recommend me including the Keynesian model, if so.. would you be able to explain it somehow and break it down?
Many thanks, Oliver.
How can government spending cause a concern for ;
-economic growth
– employment
– interest rates
how can defined in economics in simple words
Well, anyway, if Moore’s Law says computer processing power and
digital data storage doubles every two years, and the cost to produce
a fab doubles every two years, then why do prices stay the same?
I mean, if we’re getting twice the benefit and their costs double,
shouldn’t the price be going up?
I’m not sure what a fab is. But, it depends on the importance of the relative costs. e.g. processing power may be more important as a % of total costs than other raw materials. Also, there may be other factors affecting costs, such as transport costs and increased economies of scale
my question is what is the impact of quantitative easing on international trade for the country who set up a QE policy ?
Thank you
Hi!
I have a school assignment on the following question
i was wondering if you could please provide me with some notes or sample answers which could help me with my submission
The questions is:-
DISCUSS THE POSITIVE AND NEGATIVE IMPACTS OF A RISING DOLLAR ON THE AUSTRALIAN ECONOMY
I would like to ask you what are the role of banks in the UK? If you give me the ansewr with statistics I will be so glad……
Could you please answer the following question;
What are the advantages and dis advantages of micro finance in emerging economies?
Regards…..
Hi,
I’ve recently been studying monetarism and I have a question with regards to printing money. It is well known than printing money leads to inflation as demonstrated by the Fisher equation, but say if the new money created was all spent on imports i.e. all the newly printed money leaked from the domestic economy, would printing money in this scenario still lead to inflation? I am inclined to say yes because of an appreciation of the exchange rate due to increased expenditure on imports, but I would like some clarification and I would also like to hear from your ideas and thoughts.
Thank you!
There is another reason that people become unemployed that appears to have been overlooked and is under-represented, which is unemployment resulting from disability.
The transition time taken from the time the disability occurred when the person draws on disability payments, transition into finding work suitable for that persons disability, transferable skills, the ergonomic and environmental needs.
Psychosocial costs, anxiety and stress, the need for counselling, occupation health and physiotherapy must also be included.
Not to mention the economical strain on individuals and organisations.
Perhaps you can find a way to incorporate this under-representation into your economics.
Hi,
In response to the post on ‘printing money, imports and inflation’, why can’t the British government just print lots of money and import goods from abroad to relieve the pressure on its budget? The problem of inflation will be eliminated and yet our increasing demand for public sector goods can be met. Understandably, the majority of public spending are on services and things that we cannot import like healthcare service and social welfare payments, but it would at least be able to pay for tangible goods like healthcare equipment and military equipment which would ease the pressure a little bit on the budget, would it not?
This to me seems a little nieve on your behalf do you not understand why quantative easing is in place,basicaly it is my understanding that to kick start an economy the Bank of England issues funds in the form of monies at low if not zero interest rates.This money though is repayable and the emphasis of the current goverment is not to take on any increased borrowing hence this money released is for the wider purchasing public.
Either in the form of affordable mortgages which are guarranteed payment plans that intern are vetted by the Banking sytem on their appropriation,here a question arises whether the encouragement of longer periods of fixed repayments should be offered to a wider section of the population hence allowing new home owners to have long term fixed financial plans in place.
The other area encouraged is a little riskier as it envolves the private sector of bussiness which is struggling to maitain realistic new ideas that are affordable and more importantly profitable in a downturn period in world economics,though you have got to remember the small trader is already trying to trade when the Public sector is under financial restraints therefore micro ecomomics in most communities are slow due to the uncertainty of employment.
By the way only goverments can buy weapons in this economy not the general public and with regards the healthcare sector well lets be honest the percentage of people who can afford private care is small compared to the National Health service and yet again if you are in touch with the majority of people you will realise this is also under goverment control and yes only important or required purchasing are on the remit.
Though some suggestions have been made to offer low cost if not zero rated loans to all the public upto an agreed limit may kick start the economy this makes sense as long as everyone realises they have to pay it back and this could be done by the borrower agreeing to have a percentage point put on their tax code until the money is paid back.
Get this though the banks and especially credit companies then would be against this as they would be down on profits hence your choice of goverment will restrict the way you kick start your own economy if you get my drift.
Hi,
I am Student, i have two Questions to which i am curious to know the answers :-
Q1) how maximisation of social welfare is possible in case of imperfect competition?
Q2) Why Should the managers make the market work in favour of business and not the other way?
Hi,
I just wanted to ask with the UK’s QE programme, does it have much effect on the value of the Sterling? I understand that increasing the supply of the currency i.e. printing money, will lead to a fall in the value of the pound, but my problem is that since commercial banks in the UK are sitting on their cash reserves and are fearful of lending their money, how does the newly printed money leak onto the foreign exchange and effect it?
What are long term interest rates and how do they differ from short term interest rates?