Ask Economics Question

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You are welcome to ask questions on Economics.

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.

  1. The replies will be guidance and not for duplication. Your essays should always be your own work.
  2. 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.
  3. I can’t guarantee to always give answers it also depends on my time schedule.
  4. The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
  5. The answers will not necessarily be complete. I know several of my essays on this site could be improved.
  6. Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
  7. I will answer as a new post. Check home page of blog for new post. With question and answers

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.

If you find the information useful, you are welcome to buy me a coffee 🙂

579 thoughts on “Ask Economics Question”

  2. Draw a graph showing that what is demand management policy…? and how does it help the government to measure demand management policy.?

    cheers

  3. Explain the terms monetary policy’ and ‘fiscal policy’ and compare the ways in
    which they influence the UK economy

  4. Hi there,

    This is quite a difficult question, but could u please suggest ways inwhich i could improve my general analysis of economic theory. How many lines say, should i aim to write when analysing a theory?

  5. Evaluate the view that the separation of ownership from control in large firms inevitably causes
    diseconomies of scale.

  6. Why should one be cautious in using per capita GDP as a means of comparing standards of living?

    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).

    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.

    4. Explain why the Canadian Economy can be identified as a mixed market economy.

    5. Explain how both inflation and deflation negatively affect a country’s economy.

    6. List and briefly describe the positive and negative attributes of multinational corporations.

  7. Why should one be cautious in using per capita GDP as a means of comparing standards of living?

    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).

    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.

    4. Explain why the Canadian Economy can be identified as a mixed market economy.

    5. Explain how both inflation and deflation negatively affect a country’s economy.

    6. List and briefly describe the positive and negative attributes of multinational corporations.

  8. Choose two of the following questions. Provide full responses using your economic background from the course. Provide detailed information to justify and clarify your responses. Use complete sentences and cite all sources used.

    1. Explain what the costs of economic development to the Earth and its environment are. In relation to the course material, discuss various Canadian and/or international responses to the issue of sustainable development. Does current Canadian Economic Policy reflect any of Thomas Malthus’ theories of growth?

    2. The Kyoto Accord is an international ‘treaty’ to reduce greenhouse gases globally. In Canada, it has been determined that following this treaty will damage the economy. How is this so? Outline and describe how this would happen. Is there an alternative?

    3. “Money has steadily become more abstract.” Explain this statement with
    reference to the past, present and future of money.

  9. 1. Why should one be cautious in using per capita GDP as a means of comparing standards of living?
    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).
    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.
    4. Explain why the Canadian Economy can be identified as a mixed market economy.
    5. Explain how both inflation and deflation negatively affect a country’s economy.
    6. List and briefly describe the positive and negative attributes of multinational corporations.

  10. Discuss the likely economic impact on absolute and relative poverty of China’s rapid economic growth?

  11. Explain the distinction between “real GDP growth and the “trend rate of growth” (6marks)

  12. Hi there. Found this side on google.

    Here’s my question. What’s the relationship between a company’s economy and it’s stock market?

    Is it always true that the stock market reflects a country’s economic conditions?

    Thanks.

  13. To what extent is it necessary for the government in a developing country over-reliant on tourism to consider the expension or agriculture and manufacturing?

  14. Using your economic knowledge, assess the possible consequences of a decision by
    the UK government not to join the European single currency within the next decade.
    (30 marks)

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