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. Hi!
    1.What are the factor that causes petrol ( paraffin, gas, oil and etc.) prices to rise, all of the sudden goes down?
    2.Can we say a rise in petrol price causes inflation?

  2. 2. (3) Illustrate a monopolistically competitive firm in a short run equilibrium where profits are greater than zero. Explain the transition to a long run equilibrium.
    3. (3) Explain whether the government should create an outcome in the monopolistically competitive market where average total cost in minimized (we discussed this as whether the government should “regulate” monopolistically competitive firms).
    4. (4) Explain why the competitive market fails to maximize net benefit for society when there is pollution in a production process. Provide a description of two methods the government could use to achieve a better result for society.
    5. (4) Explain why a typical private provision of public goods fails and how we can overcome these problems. Explain the general problem with a common resource and how we can overcome this problem.

  3. Explain why a typical private provision of public goods fails and how we can overcome these problems. Explain the general problem with a common resource and how we can overcome this problem.

  4. how whatever affects demand and supply equilibrium and disequilibrium for a sport or leisure product can be expected to influence what price an individual manager decides to charge consumers for that product and the quantities of it to supply

  5. how large should government spending be allowed to get, in the best interests of the economy.i.e could you suggest a way of evaluating the best level of spending and taxation

  6. explain how output, prices and interest rates are affected in the classical model of the economy when there is a rise in investment spending

  7. explain the keynesian model of the economy and how the aggregate demand and suply curves are determ

  8. hello,
    i would like to ask that what is meant by safty demand for US dollar,, as we sometimes listen in news that dollar weekend due to reduced in safty demand,, so i dont understand this economic term
    can u please answer this question
    Regards
    Asif

  9. Plse ans the following question, mail me.

    Fluctuations in the level of GDP around the trend rate of growth are caused by demand and supply side shocks, but doest it really explain the increase in productive potential of the economy?

    Regards

  10. I’m looking for some advice on the ‘best’ (well, quickest) way to calculate the real growth rate in consumer credit.
    I’ve been given the following information

    Gross unsecured credit balances have risen from £125 billion in 2000 to £233 billion as at end 2008. However, these figures have to be adjusted for:

    • inflation
    • real increases in wages and
    • credit card balances paid off in full at the end of the month (these are not credit)

    Would appreciate your advice on this

  12. Why does the federal reserve buy treasuries? Isn’t that just taking money from one pocket and putting it in another?

  13. If the opportunity cost of producing a ton of yarn is 21,329 buttons in Louisiana and 16,307 buttons in Texas, then

  14. I have a question on “what principal elements of capitalism production systems are typically subject to the ‘state regulations’ and why?”

    I don’t understand this question so clearly.
    Moreover, the answer i got tends to be wrong.

  15. multinational corporations are a source for international corruption.To ensure social justice,it would be advisable to sacrife global growth to preserve international integrty.critically analyse the statement considering issues of financial strenght and size of corporations in today`s burgeoning global scenairo

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