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Posts By: peter
Extract: Banking as an Oligopoly
source In this article (click link above) the banking system is accused of some classic abuses of oligopoly power: exploiting consumers…
Read MoreTable: Key Elasticity Values
Elasticity measures the responsiveness of quantity demanded to a price change. It is given by the formula % change in quantity…
Read MoreStart Here: The Market Mechanism
The market mechanism, said Adam Smith, is guided by an invisible hand. This hand causes prices to rise where there is…
Read MoreGraph: Receipts and Spending as % GDP
It is not spending and tax receipts in absolute terms that should concern us, but these totals as a proportion of…
Read MoreTable: Main components of Government Spending (G) 2015-16
Here are the main components of Government Spending. Since 2009 we have embarked on a programme of spending cuts (austerity budgets)….
Read MoreGraph: Public Sector Net Cash Requirement (PSNCR) 1945-2017
The PSNCR is the new name for the old PSBR (Public Sector Borrowing Requirement). It has only been in surplus in…
Read MoreAdvanced Article: Perfect Competition and the ambiguity of ‘competition’
The Ambiguity of Competition source In our view, the best explanation for the continuing confusion about the degree of monopoly in…
Read MoreLesson Plan: Circular Flow Powerpoint – ppt Summary
Circular flow of income and expenditure 1. Macroeconomics 2012 Prof Michael T. NoelCollege of Business Administration Education 2. Topics: Definition…
Read MoreTen Fundamental Macroeconomic Truths
Ten Core Macroeconomic Truths Throughout our investigation into real world macroeconomics, we will continually remind you of these truths. Take them…
Read MoreMacroeconomic Core Concept 2: Aggregate Demand
The Idea of Aggregate Demand Aggregate Demand is the sum of all components of expenditure in the economy. Relating this to…
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