Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Healthcare – Private vs public sectorPosted on January 17, 2018
A look at some arguments for and against public/private healthcare provision. Should healthcare be left to the free market or should the government provide universal healthcare? Arguments for Public Health Care Healthcare is not a profit maximising industry. Doctors and nurses don’t need financial incentives to do a good job but are motivated by aims …...More
Herding behaviourPosted on January 16, 2018
Herding behaviour refers to how individual decisions are influenced by group behaviour. It stems from the observation that if a herd of animals starts moving in one direction, all the animals want to follow the herd. Why herding behaviour occurs Following the crowd. In economics, we can see a similar behaviour. For example, if individuals …...More
Market Failure in the Housing MarketPosted on
Market failure occurs when the free market leads to an inefficient allocation of resources. See – types of market failure Potential market failure in housing includes Homelessness – but empty housing Expensive cost of housing and inequality. Geographical immobility (regional difference in house prices) Boom and bust in house prices and effect on macroeconomy Housing …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.