Ask an Economic Question

by

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. Hi i would like to ask for the publish date of the article you wrote on “Costs of economic growth” as I would like to use the information provided in my essay. Thank you

  2. Is exploitation of customers by a monopoly supplier, who charges very high prices consistent with the objective of maximising shareholders wealth?

    • Yes, in short term. Maybe in longer-term they could be subject to regulation control. Also, it could encourage new firms to enter attracted by higher profits. Depends whether barriers to entry.

  3. How will you explain the importance of the socioeconomic loss of say a big public investment in infrastructure ( net present value negative, negative internal rate of interest).
    Does it imply higher taxes if the project is implemented? Or what?

  4. Hello, I would like to know how to calculate emission reduction target from marginal abatement costs

  7. How doe’s the market adjust to equilibrium position if the quantity supplied of a commodity falls below the equilibrium level?

  8. Hi. could you please tell me, if I can find any statistics regarding UK Inflation, economy growth and unemployment on your site? I’m writing my thesis and I would like to include some hard data. Ideally 1945 – 1980.
    Thank you very much

  10. If the demand and supply curve for bananas are: D=100-6P, S=28+3P; where P is the price of the computers. What is the quantity of bananas bought and sold at equilibrium. Show your working out.

  11. f the demand and supply curve for bananas are: D=100-6P, S=28+3P; where P is the price of the computers. What is the quantity of bananas bought and sold at equilibrium. Show your working out.

  12. How is opening inventory treated when measuring GDP? Is it included or excluded from GDP? how is GDP then calculated?
    So I understand that opening inventory is the unsold goods from last period which were treated as investment expenditure in that period. But what happens to GDP in this next period when these goods are sold?

    For example, If we consider a 2 sector model with only 2 firms, where last period, firm 1 sold all its goods, so its opening inventory is $0. Firm 2 had $500 worth of unsold goods, thus opening inventory is $500. I think this means that household savings in the last period were $500. In this period, firm 1 produces $1000, while firm 2 tries to just sell its opening inventory and so produces nothing in this period.
    What is the GDP in this period?
    If this period, firm 1 sells nothing, but firm 2 sells all its inventory (i.e. K500). How could the 3 methods for measuring GDP still give the same value?
    if firm 1 sold K900 of its goods, but firm 2 sold K300 worth, then how could the 3 methods still give the same value?
    Note: the 3 methods are expenditure (Y=C+I), income (Y=w+R+r+P) and output method (or value added method).

    • Thanks for enquiry. I did choose questions which are likely to appear on both. The syllabus are 90-95% the same, so the questions are applicable to both.

  15. I need simple explain about two types of inflation which is demand pull and cost push inflation,

Comments are closed.

Continue Shopping →
Item added to cart.
0 items - £0.00
Checkout