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 so that 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.

mail(at)econoimcshelp.org

2,583 thoughts on “Ask an Economic Question”

  1. a) Compare and contrast Nash equilibrium and cooperative outcome equilibrium.
    b) What circumstances would make cooperative outcome equilibrium possible?
    c) Why the optimal effort level in risky activities is less than that of the certain outcomes while the reverse is true for optimal levels of the fixed component of wage (r)?
    d) Why first movers have advantages?

  2. Ive been studying constrained optimization and most of the questions are in the format of f(x) subject to g(x)=y however what do you do when the equation of f(x) is subject to the value of f(x) and not a given equation ?

  3. Which among the followings is an example of the public good;
    1. Regional libraries,
    2. Airplane rides,
    3. A dinner at the restaurant

  4. what type of intervention is it if the government directly imports large volumes of a product to take advantage of economies of scale on the international market and then sells it at cost on the local market?

  5. My country’s govt gave a subsidy to Leather producing firms. As far as I know, subsidies are always given on “essentials” and leather is a luxury. I want to know if it was a wrong step or can subsidies be given on luxury items too.

  6. The number of mobile phone increasing while price falling. Explain the price elasticity.
    What will happen if a mobile phone company decided to increase price? give the effect on demand and supply.
    What will happen as well if a mobile company decided to drop price? give the effect on demand and supply

  7. Hello Tejvan,
    Can you suggest any academic textbooks that talk about Thatcherism suitable for a 16 year old? It’s for my son who is writing an essay for school.
    Many thanks,
    Samantha

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