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.
What leads to government and market failure?
What leads to government and market failure and what are the effects on the economy of the country after the fail?
How does expoters encourage if interest rate reduce according to monetary (expansionary) policy
Plzz reply……
I think if interest rates are reduced, firms go take out loans and invest so that they can expand their production capacity and therefore produce more and then they are able to export more.
how do small firms survive competition from large firms
What happens if one country removes all import tariffs, but other countries maintain theirs?
How does inequality relate to aggregate demand?
How does economic inequality relate to Keynes’ principle of effective demand?
How does inequality relate to the paradox of wages?
First of all, thank you for running the blog, just discovered it and it’s fantastic! My question: what are the current economic considerations or recommendations re joining the euro area for New Member States (or Poland in particular)? How about assuming a scenario of EU succeeding in creating a more integrated fiscal policy?
Thanks for comment and question. I wrote about this question a while back (2013).
https://www.economicshelp.org/blog/7553/economics/latvia-to-join-the-euro/
It was at the height of the Euro crisis so I was probably quite critical of Euro. If I rewrote I may have more nuanced approach, but it maybe of interest.
Consider the reasons why the demand for a product might inreases even though the prise remains constant.
preference
affordability
taste and what not are the drivers of demand.
Ensure there is increase in employment prospect for long-term unemployed tenants of an housing association age group of 16-24
Great website! I know that if something is bought and not sold in 2017, then the final good, let’s say $100 ends up being put into the investment category and added to 2017 GDP, and therefore will not add to the 2018 GDP growth, but what happens when it is sold in 2018? Is it subtracted $100 from the investment category of GDP, and added $100 to the consumption category, therefore canceling each other out, or is it never calculated in 2018 at all because it is a new GDP year?
Thank you very much!
What are the various strategies use for repositioning a country balance of trade
Its always a good idea to export more than you import goods and services
What is the role of government in the economy ?
The application of the fiscal policy.
Raise and reduce taxes
Collect tax
Public Spending( provide public goods & services)
Intervention in markets
Record of the balance of payments
Terms of trade and e.t.c
The government plays a huge role in the economy, or I should say the economy plays a huge role in governmental functions.
Thanks for creating this site.
The economy of the world is not equal, some are more developed than others like the UK’S, Australia, China’s etc. Nigeria and others are left behind despite the international corporations and association.
What is their position in the world economy since they served and supported in the development of the European countries.
What is their position in what sense?
Thank you Sir for accepting me.
Am studying economics in one of the States university in Nigeria. I am having difficulties in understanding and becoming a good economist as a result of short coming in my lecturers and the management.
I need your council Sir.
Thanks.
Hi, please explain the equimarginal principle by supposing a factory has two plants, one with steeply increasing marginal costs and one with more slowly increasing marginal costs.