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 🙂
For both developed and less developed countries, Heckscher-Ohlin Theory provides the most realistic and socially responsible model on which to base government policy with respect to trade?
A Country’s economy was influenced by the American sub prime mortgage crisis in the end of 2008. why was that country affected significantly? In order to save the Economy from recession the government issue Consumption coupons, they also increased spending on public infrastructure constructions. Why did the government do these things and how would you analyze the impacts of the two stated policies
Question: a perfectly competitive firm is producing 10 units of output. The marginal cost of the tenth unit is $60; the price is $50. in case the firm wishes to maximize profits, should it increase production, decrease production, or leave production unchanged? Why?
how to highlight this graphically?
the earnings of engineers, doctors and lawyers are high because lots of education is necessary to practice in these fields. evaluate this statement in the likes of supply and demand of a service.
suppose that in an attempt by a university to raise revenue by increasing its tuition fees, will it necessarily result in more revenue and under what conditions will revenue
a)rise
b)fall
c)remain the same
explain this focusing on the relationship between the increased revenue from students who enroll in the university despite the higher tuition and the loss of revenue from lower enrollments.
discuss and present supportive arguments for or against the below statement ;
automation is the cause of unemployment. if we keep allowing machines to replace people we are going to run out of jobs.
Assume the cost of operating a restaurant has decreased. Using two properly labeled supply and demand diagrams, illustrate what will happen to the equilibrium prices and quantities of restaurant meals and cookbooks (a substitute for restaurant meals).
Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.
what is the income elasticity of demand in health care?
what is likely to happen to price elasticity over time?
Explain why a firm in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium. Illustrate any theories or concepts you decide to use to answer this question with numerical examples. (10 marks)
What is one of the major welfare challenges in Canada and how is it being tackled
Which is a example of a normative question?
1. How will an increase in minumum wage affect teen age workers
2. Should the goverment provide free prescriptions to seniors
3. what fraction of an income tax cut will be spent on consumer goods
4. How will an increase in the price of gasoline affect taxi drivers
Q.7 In writing causes and effects, we use words such as therefore, so, as a result, that’s why, thus etc. Use these words and write down five sentences that show cause and effect. (10)
Example: Health information does not reach the poor (cause), that’s why diseases are spreading, fast (effect).
In a paragraph of maximizing profits ,says that selling goods and services earns a revenue firm.Profit is what is left from revenue after all costs have been deducted
Why have the cost been deducted ,after earning your revenue?