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. May I have the following question
    1.1 Blue Kashmir Sapphire is generally to be a relatively rare gemstone. Use demand and supply curves to illustrate and explain why such rare item is sold at such a high price?
    1.2 Using properly labelled diagrams illustrate what will happen to the equilibruim price and quantity of muesli (ceteris paribus) in the following scenarios
    1.2.1Reseach has shown that muesli is good for the heart.
    1.2.2The ongoing drought has affected grain (one of the ingredients for muesli) production.
    2.2Discuss any 3 factors that can cause an increase in the demand for muesli

  2. Using the concepts of equilibrium and disequilibrium unemployment, how do we explain why the labour market does not clear

  3. Suppose we wish to calculate the average growth rate of output/national income which of course can be gotten from GDP calculation and we are looking from 2000-2010 which is a period of 10yrs given that GDP at 1990 constant price (base year) is 14.30trillion in year 2000 and 18.71trillion in year 2010. Calculate the annual average growth rate for the period

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