Readers Questions III

You are welcome to ask questions on Economics. However, due to volume of questions, I can no longer promise to answer all questions.

I will post the answer on this blog, for everyone to benefit from.

I shall try to answer the economics question and / or point to other resources but please bear in mind.

  1. The replies will be guidance and not for duplication. Your essays should be your own work.
  2. My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
  3. I can’t guarantee to always give full answers it also depends on my time schedule.
  4. I will answer as a new post. Check home page of blog for new post. With question and answers
  5. Generally, I don’t answer questions, which involve mathematical calculations, they tend to be doing someone’s homework. however, I may give examples, of calculations, if I think it helps explain economics principles.

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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If I answer your question, and you find it helpful, a donation is appreciated here for details on donating $2.



234 Responses to Readers Questions III

  1. selvi October 26, 2011 at 9:32 pm #

    Briefly explain why these statements are wrong.

    The purpose of a theory is to let you ignore the facts.
    Economics cannot be a science since it cannot conduct controlled laboratory experiments.

    People have feelings and act haphazardly. It is misguided to reduce their actions to scientific laws.

    • Will October 30, 2011 at 7:23 pm #

      Did you get an answer to these. I could do with them :)

  2. Michelle July 28, 2011 at 8:50 am #

    i have to write an essay; a dicussion on the impacts of Australia’s monetary policy on the australian economy in the last decade
    (20 marks)

    how do i commence it, how do i go about answering the question, incorporating relevant information about the last 10 years, in an examplar essay ??

  3. DOMINIC June 21, 2011 at 7:08 pm #

    What are the factors that influence the fixing of minimum wage

  4. EEvod Rimisho May 14, 2011 at 1:47 pm #

    I have a Question..What are the determinants of money supply?…Thank you

  5. SJR March 20, 2011 at 12:16 pm #

    Please help me…
    I’ve got a question:
    “Discuss whether economic actions by individuals always result in a net benefit”

  6. ZackAttack March 16, 2011 at 1:41 pm #

    I got a question: what are the 4 factors of production, define them, and how could it relate to Supply and Demand??

  7. Zhong March 8, 2011 at 1:46 pm #

    I got a question which i couldn’t answer: Why a reduction in income tax will kickstart the economy??

  8. Gifty Adjei March 6, 2011 at 10:42 am #

    What is the sum of the net domestic asset and net foreign asset.

  9. Shaheer Hasan February 22, 2011 at 4:03 pm #

    Discuss whether economic actions by individuals always result in a net benefit to society.

  10. Bonsu Stanley Komosa February 8, 2011 at 10:49 am #

    This can be done through the injection of capital and the application of managerial skills

  11. ernest January 12, 2011 at 6:53 pm #

    Describe and discuss how you can positively influence the labour factor of production ?????
    This is a question i just cant understand. Please assist

  12. Quick Facts October 30, 2010 at 8:21 am #

    Maybe you could make changes to the post title Readers Questions III — Economics Blog to more generic for your subject you write. I liked the post even sononetheless.

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