ECONFIX

Many thanks to Ben Qi (Year 13 A Level Economics student) for this post.

Artificial intelligence has moved from experimental technology to a major force in the economy. Large businesses are investing billions into AI, white col...

President Trump announced last week that he would give every American $5,000 if they give him a Republican House and Senate. This would cost cost around $1.3 trillion and is estimated to add 1% to inflation which would mean that the US Fed Funds rate (interest rate) would have to go even higher. This is at a time when there is strong inflationary pressure in the US economy. T...

With the exam season approaching in the southern hemisphere here is something on the kinked demand curve. In 1939 Paul Sweezy of Harvard University wrote his paper ‘Demand Under Conditions of Oligopoly’ in which he explained conditions around the kinked de...

As it is approaching exam time in the southern hemisphere, below are some notes on Development Economics – a popular question in the A2 essay paper – Section C / Paper 4. With nearly 130 countries classified as ‘developing economies’ by the IMF, it is not surprising that there are many ways in which these countries differ; but we must first identify the chara...

A recent David McWilliams podcast discussed why America used euros to ...