Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
Monetary Policy vs Fiscal PolicyPosted on April 23, 2018
The aims of fiscal and monetary policy are similar. They could both be used to: Maintain positive economic growth (close to long-run trend rate of 2.5%) Aim for full employment Keep inflation low (inflation target of 2%) The principal aim of fiscal and monetary policy is to reduce cyclical fluctuations in the economic cycle. In …...More
Impact of increase in female labour market participationPosted on April 19, 2018
A look at the economic impact of an increase in the supply of female workers in labour markets. In summary: Increased female labour market participation will lead to increase in supply of labour, and in theory, could lead to lower wages. However, a gradual increase in female labour market participation is often in response to …...More
What is needed for specialisation?Posted on March 31, 2018
Readers Question: Why does specialisation necessitate an efficient means of exchanging good and services, such as the use of money as a medium of exchange? Specialisation in the labour market means workers concentrate on specific jobs. Rather than learn every trade – electrician, plumber, manager, doctor, teacher – it is more efficient and practical if …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.