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.
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- 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
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what are the roles of prices ?
Calculate price elasticity of demand given income as $4 and quantity as15kg
how effective are supply side policies in reducing structural unemplyment?
It has been suggested in a philosophy/economics class that I am taking that given the current state of income inequality between the 1% and 99%, that a period of stagflation might be an effective equalizer. I don’t see it. Any thoughts?
https://www.economicshelp.org/blog/135574/economics/would-inflation-and-stagflation-help-to-reduce-inequality/
What is the impact of unemployment on an economy..?
In your article abut Technical Efficiency you wrote that it is the effectiveness with which a given input is used in producing an output what do you mean by “EFFECTIVENESS”
Here effectiveness is how much output is produced. If you employ an extra worker and he manages to produces an extra 20 widgets – this worker is much more effective than a worker who only produces an extra 5 widgets.
you are completly correct
What is the definition of inflation rate.
Thanks
‘From 2009 to 2015, UK bond yields fell – despite high levels of borrowing. This was because there was high demand for buying government bonds’
Why was there high demand for buying UK government bonds ?
how inflation rate can impact to currency exchange rates ? please help me
whats meant by improved tax revenue?
What is the relevance of Lionel Robbins definition to individuals and students?
How will UK Government classify the UK debt (Gilts) held by foreign investors, Domestic debt or External debt?
It will count as external debt because it is owed to foreigners. But, also will count towards public sector debt (government debt)
Why do economists use the word external to describe third -part effects that are harmful or beneficial?
the effects are external to the producer or consumer. The internal effects are how you are affected by buying a good. External to how the pollution affects others.
Hi Tejvan,
My daughter has just started to study economics for her GCSE (:she`s in Y9). Which of your books are the best for this level and,if,as she plans, she studies at A-level,which one is the best for that level ?
Just ordered `Cracking` – looks really good.
Many thanks in advance
How does local firms contribute in making a favorable current account deficit balance of payment.