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”

  1. A company issues stock and sells it in a primary market at a fixed price. In that case, do fluctuations in the stock market affect specific companies? In other words, when the stock value of company crashes, is that company affected at all?
    As well, how does the stock market affect the economy? I understand the purpose it serves in raising funds for companies but not the role it plays for the investors? Anything to do with saving?
    Sorry if it is confusing… Any sort of help would be greatly appreciated.

  2. Suggest how the current economic policy of India has reduced unemployment in the present scenario

  3. What economic factors should I consider if I want to know the relationship between innovation and the presence of patents/copyrights? Do copyright/patents (generally Intellectual Property Rights) stifle innovation? Does it slow down economic growth?

  4. Hey,

    I’m currently looking at stagflation in the mid 1970s in the UK, and the policies the then-Government undertook to solve the economic crisis.

    Was the Government right to widen the budget deficit 1974-5 in order to stimulate demand, or should it have run less expansionary policies to temper the effect of rising prices?

    Was there any policies the Government could have enacted to try and reduce both the rate of inflation and unemployment simultaniously?

  5. 1.) Using Supply and Demand curves, illustrate the effects of a price floor that is set above the equilibrium market price. Also, briefly explain what happens. Does a shortage or a surplus result from this government policy? (40% of assignment grade)

    2.) Using Supply and Demand curves, illustrate the effects of this tax on sellers. Assume the demand is very inelastic and the supply is very elastic. Using your graph, explain who will actually pay most of the tax burden (buyers or sellers?). You do not have to calculate slopes, intercepts, or elasticities. Just illustrate the tax burden and explain who will pay most of it. (40% of assignment grade)

    3.) As we discussed in class, the minimum wage is a mixed blessing. On one hand, people who have low wage jobs will undoubtedly benefit. But, the minimum wage makes it more difficult for businesses to hire and retain new workers. It may also lead to greater unemployment, as businesses are forced to lay off some of their workers. In your opinion, is this trade off worth it? Should the government increase the minimum wage? (20% of assignment grade)

  6. Can you suggest economics empirical thesis about patents, copyrights, and innovation? Any possible data sources?

  7. Least developed countries are not benifited by the foreign loan. however, the amount of best stock is increasing in these countries. What would be the measures to control foreign debt? and why such countries are not benified from foreign debt?
    Pls i would be highly appreciated u gives the answer.

  9. USA’s trade deficit with China was $201.6 billion in 2005, an all-time high for a trade deficit with any country. Explain some possible causes of a balance of trade deficit and consider if USA should be concerned over its trade deficit with China.

  11. When building an all-electric home, the power company advises that an extra $3,000 spent initially for insulation and other energy-saving devices will reduce your electric bills from $250 per month to $200 per month. Using a discount rate of 8%, and assuming you stay in the house 8 years, is this a good deal?

  12. 1. how do different types of economy address the economic problem?
    2. explain what is meant by the short run and long run in economics. how does the concept of diminishing returns affect costs in the short run,and why is it not an issue in the long run?
    3. Discuss, with examples, the most common types of market in the UK today?

  13. How could you calculate the price elasticity of demand for petrol in the united states when the figure is 0.48.

  14. Market research on retail petrol prices in new zealand and the relationship of price elasticity and market power with diagrams.Please explain.

  15. I am due to sit an exam in a few weeks and have been given the complusory question about the topic of:

    “Business Strategy and the Strategic planning process within your organisation”

    Do you know how i would go about answering this question- i am currently working for a manufacturing Global company called Smurfit Kappa who specialise in the paper and packaging industry.
    Any help would be greatly appreciated.

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