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 where 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
If comments are closed: email
About The Author
how do you identify the difference in elastic and inelastic when doing calculations
Price elastic is a PED of greater than -1. Inelastic is between 0 and -1, e.g. -0.5
Do you believe that it is possible that as of now Capitalism and corporations may have grown so rich and powerful that they now are the government? What explanation do you have for the GDP having a direct correlation to standard of living when it rises because pf money made by healthcare? (which means there are sick people)
Also, do you have an explanation for why the federal reserve is privately owned when our Government (supposedly owned by the people) derives all of its money from this provate organization as of today and years in the past.
Hi Tejvan
Some time ago I asked if you had any stats on rental inflation and you came back with some great info from the ONS, which I note that they have only recently started compiling, which suggests that no-one had been tracking this info, despite its importance in the housing demand/supply equation.
Is there any data available on the physical number of rental units available in the UK, month to month, that you may be aware of? The info should be readily available given sites like rightmove, which, with a laborious series of searches, indicated that there are currently c 200k rentable units on offer in England, 90k of which are in the London area?
I would like to track this info together with the normal housing stats to get an idea of any tightening in rental supply, as forecast by the BoE, primarily because I am somewhat sceptical of their forecasts, which seem more designed to substantiate a policy of driving the UK economy via rising house prices and flow-through consumption.
I also want to make sure that a decision not to follow the Osborne herd does not inflate away my savings, be stealth.
Kind regards and great blog.
Rgds – Jeremy
Sorry, I couldn’t really find any stats
the growth is constant but gdp is increasing what it will called
sounds like steady economic growth
suppose a consumer is consuming the commodity x and y.The price of x and y are px and py respectively and suppose that the price of x(px) increases while that of y(py) remains constant.what will be the substitution effect and income effect?Note: use the appropriate graph to show the effect.
what action can the government take to reduce pollution ?