Readers Questions II

You are welcome to ask questions on Economics.

I will post the answer on this blog, for everyone to benefit from.

I shall try to answer the economics question and / or point to other resources but please bear in mind.

  1. The replies will be guidance and not for duplication. Your essays should always be your own work.
  2. My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
  3. I can’t guarantee to always give full answers it also depends on my time schedule.
  4. The answers will not necessarily be complete. I know several of my essays on this site could be improved.
  5. I will answer as a new post. Check home page of blog for new post. With question and answers
  6. If you leave your email in the comments, I can try and let you know (email will not be published)

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.

If you find the information useful, you are welcome to buy me a coffee.



 

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143 thoughts on “Readers Questions II”

  1. How do opportunities for two countries to trade enhance welfare of both countries? Does it actually improve living standards? If so why the opposition to lower tariffs?

    Reply
  2. What are the conditions for general equilibrium existence?

    Explain the differences between perfect competition and imperfect competition in relation to market features, firm behaviour, market outcomes and social desirability?

    Reply
  3. U = bx²

    U being the utility function, b being the number of books and x being the other things that he could buy

    John would like to maximise his utility function. Meanwhile, he receives $ 60 a week and one book costs $1. Also, his grandparents will give him 50 cents for every dollar he spents on a book.

    How many books should John buy to maximise his utility function?

    Reply
  4. Do you have mark schemes of June 2006 Edexcel Economics Unit 6?
    Questions:
    1) ‘Trading blocs are the most significant factor contributing to globalisation’ To what extent do you agree with this view?
    2) Evaluate the likely economic effects of a decision by the UK to withdraw from the European Union.

    Thanks.

    Reply

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