Ask an Economic Question

You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.

I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.

  • Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
  • Please don’t ask any maths calculations.
  • The question and answer will be published here where everyone can see it (including your teacher!)
  • I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
  • I am looking to explain economic principles / ideas/ recent developments in economics.
  •  I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers

Add comment at bottom of post.


2,286 thoughts on “Ask an Economic Question”

  1. I was shocked to learn that money is created out of thin air! Is money just numbers on a screen? How does it work compared to real life goods and services?

    Is the economy and world economy a zero-sum game (pie analogy) where if one person is rich it means another is poor and vice versa. Also how is money created on relation to wealth (goods and services)… Is there a limit to it? It’s been on my mind as I feel guilty to think if it is…

    if the money creation is in line with the goods and services then there’s no inflation. Also is most of the money in the country/ world that is created just numbers on the screen as it is all electronic ( 97% is created by banks).

  2. Hello please I did not get what you meant by choice architecture and donating organs. What if there are low organ donations how can we use choice architecture to increase the organ donationsor do we only use the opt in and opt out method?

  3. How does the Keynesian aggregative supply curve differ from the classical one? Is one of these specifications more appropriate than the other? Explain, being careful to state the time horizon to which your answer applies

  4. I honestly dont really understand the aggregate supply concept. It’s too complicated especially trying to understand the SRAS and LRAS. Is there any way you could elaborate more on the SRAS and LRAS and it’s factors and whether it will cause a movement or a shift?


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