Sunday, September 30, 2012

Unit 1: Rising demand for Chinese beer

....according to the BBC

a) Why has demand for beer risen in China and Thailand?

Friday, September 28, 2012

Unit 2: UK balance of payments

A fantastic summary of the topic, including up to date data, from economicshelp

Unit 1: Changing demand for Dominos pizza

This Sky news article is a good example of the role of substitutes in demand

a) Draw 2 demand diagrams to show the changing demand for pizzas; on-line and other methods

Wednesday, September 19, 2012

Unit 2: UK unemployment data and stats

...thanks to economicshelp

Unit 1: Meat prices to rise

....reports Sky news

a) Draw a S&D diagram to show the effects  of the drought on animal feed prices
b) Draw a S&D diagram to show the effects of this increase in animal feed prices on the price of pigs
c) Draw a S&D diagram to show the effects of the decision by farmers to slaughter more pigs on the price of pork in the short run
d) Draw a S&D diagram to show the effects of reduction in the number of pigs on farms  on the price of pork in the long run

Tuesday, September 18, 2012

Unit 1: Negative externalities from whisky production in the USA

Nice story from Aljazeera

a) What is the negative externality and why is it a negative externality?
b) Comment on the likely success of different approaches to solve the problem and reduce the market failure

Friday, September 07, 2012

Unit 1: Should a law be passed to make bars with a violent past srve beer in plastic containers? might think so having watched this

a) Explain how the free market explains in this case
b) Comment on the likelyhood that such a law would reduce the market failure

Monday, September 03, 2012

Unit 1: Banana prices to rise!

Anyone who knows me will understand my concern about this forthcoming hike in banana prices!

a) Using a S&D diagram, explain why banana prices are set to rise