Economics Articles

Essays on topical issues, latest developments in UK and global economies, and answers to readers questions

Evaluation for Micro Economics

Posted on March 24, 2018

Evaluation is the ability to look at issues from a critical perspective; to look at other potential outcomes. Evaluation questions will typically begin with words like, discuss, evaluate, to what extent, assess. These are some ways to get evaluation marks for microeconomics. (note there are potentially more ways to evaluate but this gives a few …


What is the difference between inflation and tax?

Posted on March 23, 2018

Readers question: What is the difference between tax and inflation? Tax is a way for the government to raise revenue. It includes charges placed by the government on goods/income. For example, VAT is a tax which means consumers have to pay an additional 20% of the price in the form of tax which goes to …


Capital Flows – Benefits and Disdavantages

Posted on March 22, 2018

A look at the benefits and costs of capital flows.