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.


2,540 thoughts on “Ask an Economic Question”

  1. My teacher says inflation makes exports more expensive and imports cheaper. Please explain this. It doesn’t make sense to me. Especially the part of making imports cheap.


    • Assume that the UK has inflation. Since domestic price levels are higher in the UK, they will find imported goods from other countries cheaper, ceteris paribus. Since domestic price levels are higher, export price will also be high.

  2. Are terms like inflation, currency depreciation, rise in forex rates really synonymous? Ie Do they always happen together? Or does one lead into the other?
    For example, would the answer to
    “how does currency depreciation affect forex rates” be the same answer to “how do forex rates affect currency depreciation?”


  3. other things remaining the same, discuss how can a firm leverage the various market situations to maximize its goal of profit through its pricing policies

  4. I like the video on HGV drivers – very clear

    I tried to send a message earlier and ask a question but was thwarted by my computer or the link

  5. Habarurema John Bosco, doing MBA In Cavendish University Uganda.
    Corona virus has killed our economic professionals, experts and in some countries like here in Africa, schools have been closed for almost two years, now there will be a scarcity of experts in some years to come, How will this problem be resolved?

  6. What is the impact of changing the assumption of constant return to scale in the Robert Solow’s analysis on the so-called “residue”, and what is the impacts on the product distribution between labor and capital? Which one will lead to more unequal distribution of income?

    • A change in market supply or demand. E.g. Greater demand for the good, will lead to higher demand for workers and higher wages.

  7. Are there any more types of taxes? Also, can u explanation what income taxes are, and who the Chancellor of the Exchequer is pls. That would be great thx in advance


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