Capital Flows – Benefits and Disdavantages
A look at the benefits and costs of capital flows.
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What would Keynes do?
Have you ever wondered what Adam Smith would have to say about you playing the lottery? Or whether Jeremy Bentham could cure your hangover (through economics)? Ever pondered over what Milton Friedman might get you for Christmas?
By comparing and contrasting what the greatest economists of all time would have to say about 40 questions from your everyday life, What Would Keynes Do? will help you get to grips with all the important economic theories in an original and thought-provoking way.
Includes such puzzling conundrums as:
- Should I park in an illegal parking space and risk a fine?
- Should I go to University or start working straight away?
- Should I give up my secure job and work for myself?
- Should I ever commit a crime?
- If I enjoy drinking beer, how much should I drink?
- Is it OK to be selfish?
- Should I vote for a political party which promises to raise taxes?
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- What would Keynes do? at Amazon (US version)
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- What would Keynes do at Blackwells
Customs Union – advantages and disadvantages
A Customs Union occurs when a group of countries agree to have free trade amongst themselves and agree on a common external tariff to countries outside the zone. It is a step towards a single market, but a customs union doesn’t include freedom of movement for people and goods. A customs union is often examined …
Trades Unions
Trade unions provide an organisation for workers to have joint representation with their employers. Trade unions have several functions: Represent workers with regard to pay and working conditions. Bargain for higher wages with the possibility of going on strike to target higher wages. Co-ordinate with firms to implement new working practises and negotiations with workers …
Keynesian economics
The essential element of Keynesian economics is the idea the macroeconomy can be in disequilibrium (recession) for a considerable time. To help recover from a recession, Keynesian economics advocates higher government spending (financed by government borrowing) to kickstart an economy in a slump. Keynesian economics includes Disequilibrium in macroeconomy (insufficient demand) Imperfect labour markets (e.g. …
AS Economics Model Essays
- A selection of 40 AS Level model economic essays
- Comprehensive answers which illustrate – how to answer the question, include sufficient evaluation and get the top A grade.
- E-book (pdf) sent within a couple of hours after purchase.
- I have chosen questions which are appropriate for all exam boards – AQA, Edexcel, OCR, WJEC.
- Suitable for new 2016 AS syllabus
- The model answers are comprehensive and written to a high grade A standard.
- For Network license (unlimited use in schools) – £70.00
Gross Fixed Capital Formation
Definition: Gross fixed capital formation is essentially net investment. It is a component of the Expenditure method of calculating GDP. To be more precise Gross fixed capital formation measures the net increase in fixed capital. Gross fixed capital formation includes spending on land improvements, (fences, ditches, drains, and so on) plant, machinery, and equipment purchases; …
Deadweight Welfare Loss of Tax
Readers Question: I heard this over the radio one day and was dumbfounded. Can you please explain what the phrase means? Higher tax rates exact real economic costs: Maybe two dollars in deadweight loss to the economy for every extra one dollar collected. I am not asking what your beliefs are (liberal or conservative), I …