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.
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- I am looking to explain economic principles / ideas/ recent developments in economics.
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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.
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How does W/ J affects the circular flow of income in an economy
using the data and your economic knowledge assess the impact on the UK economy of a recovery in the EU as a whole
hw does free marhet economy solves the basic economic problems?? is there any further explaination to it besides to solve the demand and supply?
Hello Abbie
Trade deficit increases current increased current account deficit and trade surplus makes positive effect on current account.
Policies regarding trade are very important and make strong effect current account of a country. Tax on import , lowering tax to encourage export, Giving subsidies to local businesses etc can increase balance of current account. China ‘s policy of lowering currency rate is very important in huge current account surplus of China.
Hello Vladimir
Pricing policy of firm can be maximizing profit. Price effects the sale and revenue of company. A company should try to fix the price of product which maximize its profits. In general when price is increased its demand decreases and marginal profit per product increases . When price is decreased its demand increases and marginal profit for each product decreases. Company should fix price of product keeping both things in mind to maximize profit. Price discrimination is also used by companies to maximize profits. Under this same product is sold to different classes of customers at different prices. By using elasticity of demand , we can determine the level of price ,from if we increase or decrease price profit also decreases.
“There is no trade-off between inflation and unemployment.”Do you agree?Explain.