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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Hi I would like to know how to answer the 2 question below:
1: What way does a person attain his/her equilibrium in consumption? With reason and why people normally buy more of a goods at a lower price level. Elabrorate with ref to the concept of price effect.
2. Monopoly is always criticized for inefficiency. It usually produces at a lower level of output, but a t higer price. Shoule we agree with this statement when compared with perfect competition? What are the reason for the existence of monopoly economy?
Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would really appreciate if you can help me.
James on 02.19.09 at 3:34 pm Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would really appreciate if you can help me.
Can I enquire about the costs of using the supply-side interventionist policies? Thank you.
hi,
i would like to know :
how is the uk economy currently performing in terms of the macro objectives of the british goverment?
thx
danny
Hey i know u’ve had people ask u this question already, im really struggling so i would be really thnakful if u could advise me in some way
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would be most greatful if u can help
I would like to know why it isn’t advisable to price your goods or product with the market price.
Hi,
Before I ask anything, I would say that your web site is GREAT!
I have been learning about inflation for AS at the moment. I would like to know about whether inflation would be a short term phenomenon as we were told inflation takes place when there is excess demand and price will rise, it will also encourage company to produce more. Therefore, should’nt it be a short term phenomenon as the company will eventually increase the output and adjust their supply to the market back at a lower price. However, in reality, inflation is more likely to take place over a long period of time with an increasing inflation rate. Also, is the presence of inflation essential to the economy, is there any good that inflation will do to the economy as a whole.
It would be great if you can answer my question.
lots of thanks =)
Hi,i wanted to ask whether its good for an economy to conserve its resources or to use them?
Explain why Keynesians would argue that demand management policies are the most effective way of increasing the equilibrium level of output.
Explain why New Classical economists would argue that supply-side policies are the most effective way of increasing the equilibrium level of output.
Hi, my questions is: What are the impacts of the drop in the value of the pound on imports and exports against other currencies.
Thanks.
Analyse and discuss the following statement: “Economic growth is a necessary but not sufficient precondition for economic development.”
Explain the factors affecting the demand for cars
Is it time to lower America’s drinking age (from 21 to 18)?