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.
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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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Which are the four factors directly linked to investment and how this causes a shift in aggregate demand (AD) curve?
Sir my question is why exporter have been considered as a engine of growth.
just derive the integral to the power of n
what happen if the indiffrence curve touch only x axis or y axis.
The broad concept of money is credited to who?
sir what are the causes of unemployee in state and how to solve the problems?
Unemployment is an economic problem. Ignorance of economics create that problem. India constantly ignores Keynesian economics. There is unemployment and under employment and yet it does not want to increase debt and money supply. India’s national debt is 70% of GDP which is much lower than countries like Japan,China, Italy and US etc. Higher deficit will help in building infrastructures and create jobs. Keynes has said that for full employment consumption muast increase and it is very much true.
draw a production possibilities frontier(PPF) for an economy producing food and clothing, with food on the Y axis and clothing on X axis, use the diagram to explain the concept of scarcity, choice and opportunity cost
measures to deal with the problem of negative externalties
eat your fruit and veg!
In what case can elasticity be difficult to examine in a mixed economy and what possible solution can be offered to it
in the case of an emergency, please remain calm
what is product differentiation
your mom
This is a marketing aspect of business which involves making products distinguishable from that of competition. This can be recognised by consumers, which adds value to a product. For example Apple have their own operating system from all other computers which can be seen as very minimal and aesthetically pleasing. This is unique and will be seen as better than windows by some. Hence they will value it more.
What do you call an Amish guy with his hand in a horse’s mouth?
What kind of coat is always wet when you put it on?
why economics is important to every life and how man survive without it ?
Hello, most of the borrowing constraints are linear
Loan<(q part of)*(wealth of the borrower)
Is it possible to formulate a non linear. For example,
Loan<(wealth of the borrower)^q. With 0<q<1? If yes would be great to know which book or paper formulated it
Kind regards
How would you briefly explain how the 3 efficiencies (ie technical, economic and allocative) are related to each other?
that you cannot have economic without technical?
and that you cannot have allocative without these 2?
is there any more to do this, ie any more assumptions?
thanks!
Hi. I suggested your blog to my students as I think it’s a great resource. I noticed on some balance of payments work I set I was getting a lot of answers back similar to your blog. Can I ask you explain a little more on this, please?
“4. A current account deficit may imply that you are relying on consumer spending, and are becoming uncompetitive. This leads to a lower growth of the export sector. This is particularly a problem for countries in the Euro – who cannot devalue to restore competitiveness. It caused very large current account deficits and was a factor behind the EU recession of 2008-13”
I didn’t really understand what you mean. If consumer spending is going on exports, you’re not relying on it – the money goes abroad. You may have too much consumer spending and with limited capacity, you may start importing, but that’s a separate thing.
I don’t know why it would lead to lower growth in exports – that we buy too many imported cars doesn’t mean our cars become less competitive – if anything it would push down your exchange rate (I know it would actually be finding equilibrium at a different level, but it wouldn’t make us more uncompetitive)
I didn’t think trade deficits were a cause of the recession. Certainly when you’re in a mess, you don’t want to have a current account deficit and the inability to devalue is a real problem for places like Greece, but the issue was as much internal imbalances of trade (Germany’s current account surplus) and the issues of the capital and financial account with Greece borrowing unsustainable amounts in Euros.
Not trying to disagree – would be really happy to have it explained with a better perspective than mine.
Thanks
Thanks for comment. I rewrote that point into two separate points to give fuller explanation. https://www.economicshelp.org/macroeconomics/bop/probs-balance-payments-deficit/
does a monopolist have a supply curve?