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
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For each of the event listed here, identify which of the determinants of demand or supply are affected. Also indicate whether demand or supply increases or decreases. Then draw a diagram to show the effect on the price and quantity..
1) consider market for grape jelly. Peanut butter and grape jelly are complements. Severe mold destroyed half of the next year’s peanut harvest.
2) consider the auto market. Automakers opened foreign assembly plants after discovering that competent foreign workers are willing to work for lower wages.
3) consider the market for chocolate bars. There is a rise in the price of cocoa beans.
Derivation of demand curve on the basis of cardinal and ordinal approach. How it looks like? Could you explain what is it?
where can we use threshold autoregressive model?
If the gold standard no longer exists. Why can’t we sell the gold and repay our debt to China?
does increasing inequality justify the increase in income taxes and inheritance taxes imposed on the rich?
Are all fixed capital public goods?
Or oppositely, are all working capital private goods?