You are welcome to ask any 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. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
- The question and answer will be published here so that 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
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Hi – I don’t really understand the concepts of “reciprocal information” and “perfect competition” in the following sentence – where can I look for info on how the idea of “reciprocal information” feeds into market efficiency in particular?
“… economists have long pointed out that market efficiency depends on certain conditions, such as ‘reciprocal information’ and ‘perfect competition’, and where these are lacking, markets fail.”
It is not such a common phrase. The idea is both parties have access to information about prices and wages e.t.c. It is opposed to Asymmetric information, where only one party has access to information, e.g. car seller knowing whether it is good or not.
please i need your aid i want to ask question but i dont understand which way can use .here or where/
hi,i would like to know the features of a monopolistic firm. because he has exclusive control over price i.e he is the only seller?
Tejvan, thank you for an informative blog.
I have been trying to make a diagram linking GDP production with GDP income and spending to show the flow between them.
I keep finding myself stuck with GFCF. The figure exists in the demand side, but I cant link them with production or income. My instinct would say GFCF is already part of intermediate consumption, and is funded out of operating surplus, but this would seem to ignore new start up companies building new plant.
How can I find out what the pfandbrief sterling bond rate is for lending to a german bank. I’ve checked the pfandbrief site but can’t find the current rate. Any ideas.
Reasons of market failure
Hey, i want to know impact of demonitisation on economy..especially if it is Indian economy.,
plz tell me qunatifiable complementry good name
Is monetarism similar (in its most basic form ) to the “Stop” in the Stop and Go cycle of the pre Thatcher years ?
Whether present reduction in interest rates due to recession
If 100million of extra capital yielded an annual income of 25million find the potential growth rate of the economy if the marginal efficiency of capital is 25%
B. Find the new level of national income when investment is 20%
What is de-globalisation and how does it impact developed and less developed countries?
What is the difference between straight line demand curve and convex demand curve
Hi,how to understand the subject economics as a economist and familiarly.
how to regulate high inflation of good and services
Hi great blog,I have been looking at economics for the last two years,would you agree that fiat currencies never work and that the system today is facing at the moment a possible deflationary spiral