"the price mechanism" - Economics Help

AS AQA economics revision guide (network license)

Specific AQA AS economics revision guide updated for the new AQA economics syllabus (first exam 2016)
Trademark simplicity and clarity of presentation.
Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
It comes in pdf format and is sent within a couple of hours after purchase.

About network license

Allows unlimited use within one educational establishment.
Comes with word documents too, to enable modification for teaching.

Benefits and Costs of Fixed Exchange Rates

Readers Question: Evaluate the advantages and disadvantages of both a floating exchange rate and a fixed exchange rate. Is there a “better” one to have? A fixed exchange rate occurs when a currency is kept at a certain level compared to other currencies. In practice, many of them are semi-fixed exchange rates like the Exchange …

A missing market is a type of market failure. A missing market means that there is some obstruction to an efficient free market which would enable a Pareto efficient distribution of resources but for various reasons this market doesn’t exist.

Russian economic crisis

With economic sanctions and a plummeting price of oil, the Russian economy is seeing a real economic crisis. The value of the rouble is falling – causing inflation and a decline in living standards. Government tax revenues are falling as oil tax revenues decline. On top of a falling Rouble, the economy faces recession due …

Transaction costs

Definition – A transaction cost is any cost involved in making an economic transaction. For example, when buying a good or buying foreign exchange, there will be some transaction costs (in addition to the price of the good.) The transaction cost could be financial, extra time or inconvenience. Transaction costs could involve. Paying a margin to …

Solutions to Financial Crisis

Readers Question: I have recently read an article stating that “a country has only four options for getting out of a financial crisis: devalue, inflate, default, or deflate”… Would you be so kind to explain what these options comprehend?? Firstly, when people refer to a financial crisis they could refer to different economic problems. Recession …

OCR F585 Stimulus material on Estonian economy

This years OCR F585 global economy pre-release stimulus material is about Estonia and its economic performance. This post gives a few extra graphs about the state of the Estonian economy and considers important issues and questions, related to Estonia. Brief synopsis From the early 2000s Estonia experienced rapid economic growth as it benefited from joining …

Is a strong currency a good thing?

Readers Comment from post: Should the UK join the Eurozone So now it is 2013. Britain has spent a number of years with its interest rate set at just about zero, has entered a triple recession, has lost it’s AAA credit rating and Sterling is only worth €1.15 a drop of over 30% against the …