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

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2,540 thoughts on “Ask an Economic Question”

  1. This isn’t a question, it’s a comment on the topic of your post on Trade Not Aid. You say in the very beginning that it’s based around free trade. But it’s not. This concept was developed around FAIR trade. There’s a massive difference between the two. Free trade focuses on the reduction of barriers and policies that favor certain countries or industries. Fair trade focuses on the rights of workers, improved working conditions and fair payment of goods. Fair trade goes a lot farther than aid by providing long-term economic opportunities for artisans, farmers, and producers in developing countries. So yeah, trade – as long as it’s fair – is better than aid.

  2. Hello,
    Please how can I explain the covid 19 pandemics in economics taking into consideration the government, economy, and the world at large

  3. Hello,
    so this question is based on the different types of 3 bank deposits (term deposit, cheque deposit and savings accounts deposit) and how they affect the supply of money in an economy. Personally I understand the concept and know how bank deposits affect the supply of money in an economy. What I don’t understand is how each individual type of bank deposit affect the supply of money. What is the difference between how each of them affect the supply of money. Can you please help explain.

  4. hii:)) is it correct to say expansionary monetary policy could lower cost-push inflation? since it could lower costs of firms that have a loan (since firms pay back less interest), and lowered costs could be passed on in lower prices which lowers cost-push inflation? thanks so much and i hope you have a great day 🙂

  5. how to explain how the Equi marginal principle can be applied to minimise production costs. and how to use the graph to explain the benefits a farmer will experience if pollution of a nearby industry decreases.

  6. Hi,
    Is it possible for a government owned monopoly (e.g natural monopoly) to not face diseconomies of scale even in the long-run? And if it were possible how might governments achieve this – through constant subsidisation?

  7. Explain diagrammatically the effects of an adverse supply shock on output and the price level in both the short and the long run.

  8. Find the Marginal cost given the average cost function AC = 100% deduce that one unit increase in Q will always resolve in a 2 unit increase in TC irrespective of the current level of output

  9. Give: y = c + I, c = 50+0.8y, and I=50
    A. Graph the consumption function
    B. Graph the aggregate demand function, c+I.
    C. Find the equilibrium level income from the graph


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