Readers Question: Do you know if there is a link between an economic downturn and blood donation? Does more people unemployed mean people have more time to donate blood, are unemployed people under to much stress to donate blood or should governments pay for blood donars. First it depends whether blood donation is free (charitable …
Readers Question: could you please help me. should i take business or ecomomics at A level? i have got an A in business at gcse but im not sure which one to take. I often get asked, which is the better subject – Economics or Business Studies. I have taught a little business studies (though …
Readers Question: Why the fire service is a public domain and how is the fire service a merit good I think you mean why is the Fire Service a public good? A public good has 2 aspects. Non rivalry – Once consumed doesn’t reduce the amount available to others Non excludability – Once it is …
Economies of scale occurs when increased output leads to lower long run average costs. Diagram of Economics of Scale Note Economies of Scale occurs upto Q2. After Q2 dis-economies of scale starts to occur Basically as a firm expands it receives increasing returns to scale. To understand why economies of scale occur it is useful …
Readers Question: what do I need for an interview of “Economics and Management” course or PPE course in Oxford ? I have written one article here with some general advice for preparing for an interview at Oxford For Economics and Managemanent or PPE. I would suggest the additional pieces of information 1. Read Outside Syllabus …
Reader’s Question: What are the importance of economics to a business student? There is a strong overlap between business and economics. A Business student needs to take into account these various aspects of Economics. At various times I have taught Business Studies in addition to Economics. Several topics are the same. These are the key …
You are welcome to ask questions on Economics. I will post the answer on this blog, for everyone to benefit from. I shall try to answer the economics question and / or point to other resources but please bear in mind. The replies will be guidance and not for duplication. Your essays should always be …
Welcome to the new economics blog Old Economics Blog Economics Help – Home This blog is updated by Tejvan Richard Pettinger