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. Sir,
    How can we categorize different types of goods,Depending on their peicw elasticity values??

  2. Hello there. Firstly, I wholeheartedly praise the magnificent work done by you in exhibiting economic knowledge and demystifying it to us, the mediocre audience. Secondly, I seriously question one fact that you presented about capitalism and how it “inevitably causes monopoly”. I grew really surprised and perplexed the moment I read that in “The problems of Capitalism” of yours. If you reconsider, Capitalism with its competitiveness, equal free chances, and free markets with no intervention from a higher authority ( The government ) actually endeavour towards diminishing Monopoly. I would appreciate any rectification or additional information from. Thank you!

  3. please I want to know if your definition of unemployment is modern one. and my second question is explanation on modern phillips curve

  4. I need your help.
    My question is how does increasing productivity effects the fiscal policy.
    Thankyou

  5. Hi Sir
    Objectives of fiscal policy to improve the standard of living the nation and examples please.

    Many thanks

  6. What policy options will you recommend to a Central Bank Governor whose economy is already in recession?

  7. Hello, I am an AP economics teacher in the US. We just adopted Krugman’s textbook for the AP. While drawing up a lesson plan for the Savings-Investment Identity, I found the following example in the book. Can’t seem to balance these numbers.

    -2012 investment spending in US: $2,475.2 billion
    -Private savings: $1,491.7 billion
    -Government deficit: $ 1,109.7 billion
    -Capital inflows: $446 billion
    Book says there is a $17 billion dollar “statistical discrepancy”, but otherwise balances

    I understand this principle very well and have taught it for many years, but can’t seem to reconcile these numbers. Any thoughts?

  8. Would like to find out what variables must be taken into consideration when you want to measure the effect of trade openness on economic growth of a country.

  9. Hi,

    How can I calculate the total UK household income?
    Basically I want to be able to estimate what a flat 10% income tax can generate without any personal allowances or any tax breaks.
    Any help greatly appreciated

Comments are closed.

Item added to cart.
0 items - £0.00