On 21/06/2016 19:11, Roland Perry wrote:

Jun 2016, JNugent remarked:

[to someone else, who had insisted that restricting the amiunt of air
services offered to the public would not raise prices:]

Have you ever actually looked at (and read/understood) the first
twenty pages of an Economics GCSE textbook?

As an aside, a third of my third year degree course was doing the entire
first year economics lectures - but not having to do all the course work.
The other thirds were in the Maths department (mainly stats and game
theory) and the Engineering Department (what they called back then
'Operational Research' - applying algorithms to the planning of things,
and queuing theory).
I think there should be more multi-disciplinary degrees like that.

You don't need to be an expert in the discipline to realise that
restricting supply is going to cause prices to increase.

But you do need to know a bit about it.