You are welcome to ask questions on Economics. I am looking to explain economic principles / ideas/ recent developments in economics. Due to the volume of questions, I can no longer promise to answer. But, I will try if it meets below criteria.
I will post the answer on this blog, for everyone to benefit from. I never email individual answers
Please Bear In Mind
- Use google custom search (top right) to see if question has been asked. If I have already answered a question I don’t tend to repeat it.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- Don’t ask me to do your coursework / assignment e.t.c. The answer will be published here where your teacher can see it.
- My speciality is economics for British A Level standard.
- I don’t answer university questions or maths calculations
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post. Check home page of blog for new post. With question and answers
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
Related
How do I explain this diagram with the concept of Opportunity Cost?
Diagram: http://cstl-hcb.semo.edu/bdomazlicky/ec101text/chap1guide/PPC2.jpg
How can the money supply in usage be larger than the “official” money created by the government?
HEY. This question is killing me, if you can help me, I would really appreciate it. Thank you.
ConEd provides electricity to New York City. The Private Marginal Cost (PMC) for ConEd is represented by the following equation: Q = P – 2, where P is measured in dollars per kilowatt hour and Q is measured in kilowatt hours. The Private Marginal Benefit (PMB) in New York is represented by the following equation: Q= 20 – P, measured in dollars per kilowatt hour.
a. Calculate the equilibrium price and quantity for the electricity market in New York.
b. Now, assume that ConEd pollutes by emitting a certain amount of carbon dioxide. It is estimated that the cost to society of this pollution is $2 per kilowatt hour. Calculate an equation for the Social Marginal Cost (SMC) of electricity in New York. What is the socially optimal quantity taking into account this social cost?
c. Depict PMC, SMC, SMB, and PMB on a graph. Label on this graph the dead weight loss of electricity production in New York. Calculate this dead weight loss.
d. You have been hired by the State of New York to reduce this dead weight loss through a tax system. How much would you tax ConEd to reduce this dead weight loss to zero? How much would New York collect in taxes from ConEd?
Explain why a firm in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium. Illustrate any theories or concepts you decide to use to answer this question with numerical examples.
“The choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future.”
(a)Draw a Production Possibility Frontier (PPF) to illustrate the above situation.
(b)Use ‘Opportunity Cost’ concept to explain the choice to be made above.
(c)What do you think is the right choice to be made?
sir how to become rich though i m poor
why do consumers ,producers, and government have to make choices?
what are the traditional and modern theories of investment?
What I want to understand is what takes place when a government borrows money from another.
Specifically, I want the following question answered.
If a country lends money to another country in currency foreign to the borrowing country, how does the borrowing country then convert that foreign currency into their own so that they may use it in their own domestic market?
In other words, when a country borrows money from another, does the government need to have financial institutions be willing to exchange the domestic currency they have in reserve for the foreign currency the government has aquired, or does the government ever create money ex nihlo (out of nothing, simply print/credit themselves money) in order to have the foreign currency in their own currency.
Appreciate if you can answer this question and or let me know where I can find good detailed info discussing the workings of international debt and currency exchange.
Thanks!
The question considers how the simple multiplier is affected in an open economy with a flexible exchange rate. Assume that the price level and interest rates are constant and capital is immobile internationally. The following relationships describe aggregate demand ,where R is exchange rate.
C=80+0.6Y I=30 G=10 X=80-20R M=0.1Y+30R
a)Derive the aggregate expenditure function as a function of income and the exchange rate.
b)If the exchange rate equals 1,what is the equilibrium level of income? and what is the balance of trade in this position.
c) Suppose the goverment attempst to reduce the recessionary gap by increasing its purchases by 10. Solve for the new level of income and the new balance of trade.
d)You found that expansionary fiscal policy led to a balance of trade deficit. Under flexible exchange rates, such a deficit requires a depreciation of the exchange rate.Suppose that the new value of r consistent with balanced trade is 0.95, Solve for the new equilibruim values of incom, exports, and imports
HI, which answer would be the right answer please for this question?
the marginal efficiency of investment (MEI) function bescribes the
A) positive relationship between the money supply and investment
B) negative relationship between investment and the rate of interest
C) positive relationship between investment, the rate of interest and the aggregate expenditure
D) positive relationship between ivnestment and the rate of interest
E) negative relationship betwee the demand for money and the interest rate
thank you pleas rush
which answer is correct?
open-market operations are
a) governmetn action aimed at creating competition within the banking industry
b) made to determine th etarget reseve requiremetns of chartered banks
c) the buying and selling of securities by the bank of canada
d) loans made by the ban k of canada to the chartered banks
no longer carried out in canada
thanks
Suppose that the economy is currently in a recession. If
policymakers take no action, how will the economy
evolve over time? Explain in words and using an
aggregate-demand/aggregate-supply diagram.
I was wondering – does rapid industrialisation necessarily increase a country’s level of economic development?
Thanks hannah
suppose the economy is facing recessionary gap…
using the aggregate demand curve and aggregate supply to explain how using montertary and fiscal policy to close the gap
SOMEONE PLZ HELP ME