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MATHEMATICS FOR ECONOMISTS
When considering the great economists of the last 100 years we find that many were trained as mathematicians - Alfred Marshall, William Stanley Jevons, Irvin Fisher, John Maynard Keyn...
Implication of Mortgage rate hikes in the UK
The UK market is facing currently inflation due to several factors in the market. This has been caused by the conflict between Russia and Ukraine, subsequently the restriction on oil ...
10 Top Economics Keywords
(1) Monetary Policy = Control level of money in the economy by changing the Interest Rate.(2) Fiscal Policy = Control of Government Revenue and Expenditure. (3) Economics Growth = An ...
What is inflation?
One of the key topics you will study in Economics, in particular in macroeconomics will be the concept of Inflation. This is something which we hear about in the news everyday and inc...
The Macroeconomic Objectives
The government has four main macroeconomic objectives. These aim to provide
macro stability. 1. Economic growth:
In the UK, the long run trend of economic growth is about 2.5%. Gove...
Contestability
Contestability refers to the ability of potential competitors to enter and exit a market easily. A market is considered contestable if entry barriers are low and exit barriers are hig...
Globalisation and its varied economic effects
Are the effects of
globalisation different for developing and developed economies? Have the
benefits of globalisation for a developed economy surpassed the benefits for a
developin...
MAJOR PLAYERS IN THE HISTORY OF ECONOMIC THOUGHT
The article based on my past experience as a tutor, my rote learned memories of my study of economics at school (1972 - 76) and University (1976 -79) and some recent research. Constru...
Economics theme 4
Explain
the characteristics of deglobalisation (5 marks)Deglobalisation refers to a global decline in trade, foreign
direct investment and subsequently a decline in global growth . ...
What is protectionism? Is it bad for the global economy?
What is protectionism?Protectionism is the economic policy of restricting imports in hopes to shift the demand towards domestically produced goods. Protectionism can be imposed throug...