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
concept of elasticity can you draw while fixing the
price for this new drink? [10 marks]
Elasticity is very important in fixing price of a new drink. Price is being fixed by taking elasticity of demand for maximizing profit.
Hello ! I have question. Can we consider foregn aid as a key economic challenge for a country?
Marie
Foreign aid is very helpful for some countries who do not have enough resources to fuel their economies. Foreign aid not a big challenge for any country as I know. Many countries give aid for military purpose and some for pure economic help. Practically many countries give Foreign aid for their personal aims. US gives foreign aid to Pakistan but if govt does not use it efficiently it would be wastage. Foreign aid is also sometime harmful when it is given to bad
ruling states and this increase strength of these bad elements.
hi
can you tell me how you can see if their is allocative effiency in a supply and demand diagram/
How much extra on a bank holiday should a paperboy get?
four member household uses 345 gallons of water daily.235 for inside and 110for out sideside.would doubling or quadrupling water rates work hardship on poor people?
hello!i want to know how a retail price index is constructed?can you explain this please?Thank you…
question:when and why did mr. ricky perry leave the repulican party to the conservative party?
Hi Tejvan,
let me start off by saying I’m not an economist. I do not hold a degree either.
I have been a property appraiser for 10 years and have taught myself all (though limited) that I know about economics, both macro and micro. But thanks to
sources like econ help, I’m learning more everyday. I find economics fascinating.
The recent global financial and economic crisis has seemed to be an event only
arguably rivaled by the great depression and Europe’s economic problems in the
19th and 20th centuries.Yes? No? Trying to get a handle on all the fluctuations
and cycles have proven to be a massive challenge for me in the scope of my job.
I am trying to understand more about two specific measures or ‘triggers’ of inflation.
One being, money supply and the other, the demand for money.
Conventional wisdom say’s a rise in interest rates, decrease the demand for money.
But with interest rates at record low’s, the ‘demand’ for money hasn’t seemed to wane.
Has it? Investors are still purchasing, consumers are still spending, albeit at lower levels.
But with some durable’s actually ‘deflating’ the volume of sales appears steady.
Services are still being rendered is what I am saying.
Also, an increase in Money Supply, tends to raise prices, yes?
Yet, only some commodities (food & fuel) have seemed to increase while other
commodities and assets have decreased in price.
(Ruling out the actual -/+supplies of said commodities and assets)
I do see the relation of the demand for labor vs the demand for money, that I get.
BUT, output’s have not decreased very much with regard to labor forces.
Many companies and nation’s are maintaining their outputs with reduced labor forces.
There just seems to be many paradoxical actions taking place in markets and economies.
So, to sum up my questions if we have;
an increase in monetary supply, (as we do)
Interest rates low and falling,
certain commodities rising in price,
certain commodities falling in price
a steady production of goods and
a relatively steady velocity of money,
high unemployment with decreased labor forces…
What does it all mean? : p
I thank you in advance if you can shed some light for me Tejvan!
hi there I just wanted to know what the possible connections between high fiscal deficits and stability are?
first of all i wanna say that its a great site and help me a lot ,
i wanna ask , plz explain free enterprise economy , planned economy , and mixed economy with some diagrams? plz
I’m a young beginner here, I’m almost embarrassed asking these questions, but I’m stuck. I’m confused about GDP, national debt, and public sector spending. Couid you please help me understand why high debt as a big percentage of GDP is bad, or at what point does it becomes bad? Japan is at something like 194%, and the UK at 500% (counting all debts and liabilities). Both countries are still waking up every day and going about business (I guess). What do those comparisons of debt to GDP actually tell me? Along the same lines, when I read the EU spends 50% of their GDP, what does that actually mean? That half of Europe’s taxes are spent on government projects like welfare and entitlements, like taking money from the left hand pocket and putting money in the right hand pocket? I’m lost. Could you please use credit cards or something else as an example to help me understand the principles involved in these two problems?
Let’s say a company was highly successful to the point where no other company in its industry could compete with it and it eventually rose to be a monopoly without breaking any rules. Would the government eventually break it up or file suit? If so would those act be considered to encourage communism?
Why could an increase in the price of an essential good lead to a higher demand for that good?
What is a completion of a task with the least amount of resources? A.) scarcity B.) efficiency C.) factors of production D.) allocation
Hello, I have been wanting to know; is it possible for a nation’s economy to grow significantly without needing any sort of foreign support? If so, then how?
Thank You