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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- Please don’t ask any maths calculations.
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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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About The Author
How can the UK External Debt vary from approx £100 trillion pounds in the third qtr of 2013 to -331£ trillion pounds in the second qtr of 2014?
Hello
Two questions:
1. Roughly what proportion of the housing rental market is covered by housing benefit recipients?
http://www.independent.co.uk/news/uk…s-9647752.html
Based on this article there are 960,000 people with jobs receiving household benefit. Supposing they are applying singly that is roughly 1 million households needing benefits at 6 billion pounds a year.
There are around 22 million households in the UK, 2/3 of whom own their house.
So the rental market would be around 7 million of whom one million receive benefit, some portion living in social housing, some in private rented housing.
Does that seem reasonable? Can you point me towards actual numbers?
2. What would happen if the housing benefit stopped completely?
The one million claimants would still need to live somewhere.
The landlords would still need income from somewhere.
Would overall rents go down or up?
As a manger of a firm, kindly help me explain briefly with appropriate examples to the management, my understanding of the terms ‘microeconomic environment’ and ‘macroeconomic environment’ of the firm? List some of the key issues, which the management should be aware of under both of these headings.
Am Bill a university student. i have been given this Economic assignment that is messing up my head. please help me.The question is “Every firm passes through all the stages of production. What stage will a firm maximize profit.Thus the economic significance on the stages of production”
Thank You in advance
Just saw a video called ‘How to waste £375 billion? (The Failure of Quantitative Easing)’ by Positive Money. I’ve recently started reading your blog and find your posts very informative. I wonder what you make of the ideas in this video and of this group in particular?
How does the empirical analysis of automobile demand illustrate the fact that not only do consumers consider the monetary price of purchasing an automobile, but they also are sensitive to other costs (or the “full price”) of the purchase?