Ask an Economic Question

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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. Why Marginal revenue curve starts from y axis from where Average revenue curve starts..?? And if so then how can AR= MR =TR at nxt output level if MR =AR at zero output and TR is summation of MR??

    • Economic growth refers to growth of output in the economy and is measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms.

  3. I am lucky enough to be in receipt of a DB pension. My former employer has offered me a PIE (Pension Increase Exchange) in which I would get around 30% more pension but no CPI increases. What factors should I be considering in judging the worth of this?

  4. pls is devaluation of the naira a gain or loss to the Nigerian economy. Nigeria rely mostly on importation and our exports are mainly raw materials.

  5. Hi Tejvan,

    I’m a MSc master student doing a dissertation on the effectiveness of fiscal policy in a selected sample of high debt countries and low debt countries. At the current stage, I’m examining the relationship of government spending or taxation on the macroeconomic variables. I have done simple model using excel such as;
    1) relationship between real disposable income and consumer spending which I consider as an effect of taxation,
    2) relationship between GDP growth and government spending,
    3) relationship between Unemployment and Real government spending.

    I’m planning on adding another model, that relationship between change in unemployment against the real GDP growth.

    I’m also planning on using simple VAR model to calculate the size of the fiscal multipliers. It would be a great help if I can get your opinions, comments on my purposed model and any suggestion on other key variables that I can use to examine the effect of fiscal policy. My knowledge on economic is quite limited.

    Thank You.

  7. When a country econony is in récession what are the monetary and fiscal policy measure to adopt

  9. If in perfectly elastic demand the price slightly changes then why the curve is horizontally straight and Ed=0

  10. Do you think that implication of fat tax would really benefit the government imposing it and it would control obesity among people?

  11. If the gross national product is used to measure the national product income of a country, why do country still emphasis on the use of gross demostic product

  14. As i am not able to understand clearly the contents above, I want to know the basics of whats the criteria behind rise and fall of a currency value ?is it that much needed?in what ways?what is sensex?how do you calculate the percentage change of this??
    SO CAN YOU HELP ME KNOWING THE basics OF THESE pleasee….????

  15. please help me contrast lucas, Keynes nd Friedman’s on how they used expectations in their output models?

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