On this website, Economics Help, there are many economic essays and resources which you can read to gain an increased knowledge of economics. Also view UK Economics Blog for latest developments What is Economics? ECONOMICS … is the study of how society decides: ¨ What ¨ For whom ¨ How to produce… Example: The price …
Free general advice for Studying Economics Learn the basics first. You can answer a lot of questions just through mastering supply and demand questions. Practise Questions. To learn you need to practise and answer questions yourself. Don’t just read the textbook. Reading is a form of passive learning; there is a limit to what you …
America is the richest country in the world, but America is also a story of two economies. Since 1980, real GDP has increased 300%, someone is definitely getting rich. But, it isn’t the average worker, because in the same period median wages have barely increased. In recent years, the US economy has outperformed the rest …
A majority of Europeans fear the EU could break up in the next 10 to 20 years. This is despite support for EU membership increasing in recent years. So why is there concern the world’s most successful regional block could split apart? EU Breakup – SIX Factors That Threaten EUWatch this video on YouTube Brexit …
The UK government faces a perilous situation. In the short-term, there is a combined threat of an energy crisis, high inflation, risk of an imminent recession and a falling value of Sterling. On top of that, there are long-term problems such as climate change, a slowdown in growth and productivity, and rising debt to GDP. …
Trickle down economics is a term used to describe the belief that if high-income earners gain an increase in salary, then everyone in the economy will benefit as their increased income and wealth filter through to all sections in society. How the trickle-down effect may work in theory If the richest gain an increase in …
The EU relies heavily on Russia for the import of natural gas – around 40% of all natural gas at the start of 2022. Since June 2021, there has been a 60% cut in Russian gas, and this has caused considerable distress in the form of higher prices, inflation, lower economic growth and potentially devastating …
The economics of happiness seeks to relate economic decisions to a wider measure of welfare and happiness rather than traditional measures of just income and wealth. Happiness economics attempts to evaluate a wider range of factors affecting well-being, quality of life and self-reported levels happiness. There are now several measures of happiness, such as Gross …