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.
- The replies will be guidance and not for duplication. Your essays should always 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 answers it also depends on my time schedule.
- The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
- 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 🙂
Explain how the abolition of property in land and application of all rents of land to public purposes would affect the US economy and society in general? Marx thought these changes would make society more egalitarian. What do you think? Do you agree? Explain.
The main objectives of government macroeconomic policy are often asserted to be full employment, stable prices, balance of payments equilibrium and a high growth rate. Consider some of the difficulties facing a government in its attempts to attain these objectives simultaneously.
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Thank you.
I would greatly appreciate it if you could answer the following questions
What are the effects of increased investment on aggregate demand in the short term and the long term
Account for the estimated 3.8 million increase in the number of new houses needed over the next 15 years in the UK
Thank you for your time
Hello im stuck on finding information on the modern state and forces of demand and supply can u help me? thanks
Who has read the book Naked Economics: Undressing the Dismal Science by Charles Wheelan or The World that Trade Created by Steven Topik???
If planned aggregate expenditure (PAE) in an economy equals 2000 + .8Y and potential output (Y*) equals 9000, then this economy has:
a. an expansionary gap.
b. a recessionary gap.
c. no output gap.
d. no autonomous expenditure.
Which one is the answer?
And also this:
If the natural rate of unemployment equals 6% and the actual rate of unemployment equals 5%, then the unemployment rate due to cyclical unemployment equals:
a. -1%.
b. 1%.
c. 10%.
d. 12%.
Please explain the following
” what do you understand when a country’s economy shows negative economic growth coupled with strong persistant inflationary pressure.Kindly suggest me the policy options available to eliminate or reduce the adverse effects this situation may have on the economy.
Kindly analyse Fiscal policy,Monetary policy and Do nothing policy and give your thoughts on which policy is the best one.
Please explain about Stagflation and its role in unemployment and prices rising.
Your help is much appreciated!!! Thanks.
examine the different types of unemployement as they occur in developed and less developed countries and their causes.
And for what reasons do you consider that the scope for domestic demand management on keynesian lines will be limited in less developed countries.
i want to know after i graduate from college in what job i will work
Suppose that a firm produces good X using just one variable factor of production L (labour). Suppose the short-run production function for this firm is given by:
QX = – 0.1L3 + 6L2 + 12L
(QX are the tonnes of X produced per week and L in the number of people employed).
(a) (10 marks) How many people are employed at the point where the average physical product of labour is maximized? How many people are employed at the point where the marginal physical product of labour is maximized?
(b) (10 marks) Calculate the quantity of X being produced when average variable cost in being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how much X should the firm produce in order to maximize profit?
(c) (10 marks) If the weekly wage is $510 at what price of X will the firm be indifferent between producing and closing down? If the price of X is $10 per tonne and fixed costs are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ 36 workers?
trade unions are responsible for providing australian workers with some of the best work conditions in the world
Explain why firms experience dimishing returns in the short run.
According to Emerson: “want is a growing giant whom the coat of Have was never large enough to cover.” According to economist, why does “want” exceed “have”?
Can you explain what does it mean by excess capacity theorem in a monopolist competitive market? Why long-run equilibrium is attained not at the lowest average cost?Thanks a lot=)