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.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- 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.
- I can’t guarantee to always give full answers it also depends on my time schedule.
- I will answer as a new post. Check home page of blog for new post. With question and answers
- 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.
Related
- The first Readers Questions has had over 150 comments.
- Readers Questions II
- Readers Questions III
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I have come across an article detailing about the factors contributing to the East Asian countries’ high savings rate and US’ low savings rate. It says in the article that East Asian countries should decrease their savings rate and vice versa for USA. However they did not mention about the negative impact of high savings rate (in my opinion high savings is good, because we all know it leads to more investment, hence higher economic growth). Could you please explain the reason behind that? THANK YOU
What is the difference between a recession and deflation,in respect to the present economic situation?
hey,
im a really slow and stupid person and this might seem like a stupid question but…
What is Australia’s target growth rate? (2008/09)
just wanted to know if anyone knew the answer to simons question #91
What have been the effects of the Beijing olympics?
Hi everyone, I know that the terms of trade are is the price of exports relative to the price of imports.
But how would I determine the minimum terms of trade in the following scenario:
The United States (US) produces
– 6 IPods (numbers per man hour)
– 4 Leather case (numbers per man hour)
Australia (AUS) produces
– 1 IPod (numbers per man hour)
– 2 Leather case (numbers per man hour)
Each country has 100 labour hours at disposal
[B]Question: What are the minimum terms of trade that each country would be willing to accept?[/B]
Any help would be appreciated!
I think Aus would accept [1:2]