Essays on topical issues, latest developments in UK and global economies, and answers to readers questions
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
What is the optimal quantity of beer to drink?Posted on March 27, 2018
Question number 3 from What would Keynes do? – If I enjoy drinking beer. How much should I drink? Key quote “My only regret in life is that I did not drink more champagne.” John Maynard Keynes. If something is good to do – does it mean it is good to do it to excess? This …...More
A selection of e-books available from economicshelp.org. Includes NEW syllabus for AS and A Level Economics.