You are welcome to ask questions on Economics. I am looking to explain economic principles / ideas/ recent developments in economics. Due to the volume of questions, I can no longer promise to answer. But, I will try if it meets below criteria.
I will post the answer on this blog, for everyone to benefit from. I never email individual answers
Please Bear In Mind
- Use google custom search (top right) to see if question has been asked. If I have already answered a question I don’t tend to repeat it.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- Don’t ask me to do your coursework / assignment e.t.c. The answer will be published here where your teacher can see it.
- My speciality is economics for British A Level standard.
- I don’t answer university questions or maths calculations
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post. 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
under what conditions might a firm be unable to influence the price it set for its production.
i have a question taht when a new country is made then grom where the money comes to it?from where the government creates money?what government uses to back its new currency?how govt.knows that how much the amount of money should be printed?
When a new country is created , it can print its own legal money. It can borrow foreign currency from other countries and institutions.
An economist has estimated that near the point of equilibrium, the demand curve and Supply curve for bonds with a $1000 face value can be estimated using the following equations:
Bd: price= -2/5 quantity+940
Bs: price = Quantity + 500
a.what is the expected equilibrium price and quantity of bonds in this market?
b. Given your answer to part a., which is the expected interest rate in this market?
whats the percent of money being made on carpets every year. i need to know for a paper in econimics class. please if you know comment. (: thanks!!!
my brother asked me why people where so stupid in the economy? i told him because of the way they have been raised. then he asked me why our higher superiors weren’t making our economy better but much more unsafe. Then he asked me why some of the major food companies that raise animals are murdering their animals in a cruel way! like banging male piglets heads on the ground or male chicks getting grinded alive!!! and i said i didnt know and he told me to ask the economy!!! economy be asked!!!!!!!!
Yes governments are not doing their duty on economic matters. Our economies are unsafe and there is no proper vision for future. Now leaders of Greece and European Union are crying but is it a natural economic condition? Not it is due to fault of Greece leaders.
Why did they close their eyes when Greece Debt was out of control and they continue huge spending. Secondly there is very less investment in renewable energy resources.
We really admire future vision of French leaders.
Oil price would really go much high and what would we do ?
No one is thinking and no one is caring economies. We leave them independent .
Discuss whether you think it is a good idea for the government to cut spending on education to balance the Budget. [15 marks]
Sometime it is necessary to cut spending on education specially in current conditions it may be necessary to decrease some expenditure on education. Although expenditure on education is good for quality of human resources. But there may be some expenditure which may be unnecessary . Some time if govt cut little pay of staff this may not make bad effect on education system. Education makes human resources more productive and efficient.
iam saying that the government prints money and gives us in exchange for something but when a country will be made govt.will print money out of thin air as is the case now that is we don,t have any gold standard then in this way govt will create(print) money and confiscate our wealth isn’t it please sir answer this question?
for example in a very small economy with a money supply of 30$ a person gives loan to someone say 10$ and fix the interest rate at 1$ per day then how can he get his dollars back with interest i.e 30$(original money)+10$ interest as the money supply is the same 30$
can a president of a country prints money of that country and convert them into foreign currency making a profit for himself leaving the country with inflation and if i exchange foreign currency for domestic currency and the amount of domestic currency is less to exchange the foreign currency units into the amount of domestic currency units according to the exchange rate then what is the solution to this?
Do you think taxes have a greater role to play than by just financing the state activities? Support your answer with real world example.
Financing the state in democratic country means your are financing general public. In democratic country govt can spend same amount on welfare of society.
Army save our country. Police controls domestic crime. Pensions, medical and education facilities are being gotten by general public. Tax saves capitalism. Any liberal county where govt does not participate in economic activity except law and order , Marxism would surely be a good alternative to that economy.
Although some govts do not make proper use of tax funds. Corruption and misuse are big problems in these economies.
what does economics means and what’s the advantages and disadvantages of the economics?
Mr Khalid
Every subject gives us knowledge to special area of human use which can help us to make our life better. Medical helps us making our health better. Physics and Chemistry helps us to get better technology and for knowing the reality of our universe. Knowledge is really very helpful to human life. Even when human being came to know about fire, it was also a knowledge which changed our life.
Similarly economics is study of all economic activities which may be physical or psychological. This study gives us knowledge which can increase economic value in world. This economic value is utility which satisfy our needs and gives us happiness. So object of economics is to make our life more happy.
Main difference between economics and spirituality is that economics makes us happy by increasing utilities to fulfill our sanctification but spirituality does gives us utility , it changes or remove our needs.
Thanks
what are the main heads of govt revenue and govt expenditure if expenditure of govt revenue more than income of the govt?From where the govt bear the expenditure
any idea for Limited resources mean that there is a problem of scarcity. How scarcity is related to the concept of opportunity costs? Using appropriate examples from the hospitality industry, discuss the opportunity cost involved in using particular resources for tourism use.
Due to limited resources there is problem of scarcity. A resource may be used for many purpose. For example land may be used for housing, farming ,industry etc.
If we use it for one purpose we should left others, It is opportunity cost. means to say if we use any resource for one specific benefit we have to leave second best benefit. This is opportunity cost of that resource. If there is limited land in special hill town. If it is tourist play, land may be used for building hotels etc. It can also be used to make up a factory. If your use it for hotels you can’t make factory. This is opportunity cost of building hotels.
what are the 4 biggest problems of the economy due to scarcity?