Apparently so, according to this BBC clip full of demand and supply analysis
http://www.bbc.co.uk/news/world-24753585#
So why don't we just produce more wine? Think elasticity of supply!
Thursday, October 31, 2013
Wednesday, October 30, 2013
Saturday, October 26, 2013
Unit 1: The tablet market
Thanks to economicshelp for this summary of changes in the tablet market
http://www.economicshelp.org/blog/9249/business/growth-global-tablet-market/
http://www.economicshelp.org/blog/9249/business/growth-global-tablet-market/
Unit 2: Macro data on inflation, unemployment and the economic cycle
Thanks to tutor2u fro data charts on
Inflation http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-uk-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:34:44Z
Unemployment http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-unemployment
Economic cycle http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-the-uk-economic-cycle
Inflation http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-uk-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:34:44Z
Unemployment http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-unemployment
Economic cycle http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-ten-charts-on-the-uk-economic-cycle
Tuesday, October 22, 2013
Unit 2: AD and AS tutor2u resources
Thanks, as ever, to tutor2u for this update on the AD pwerpoint
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-aggregate-demand
and this AS summary
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-short-run-aggregate-supply
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-aggregate-demand
and this AS summary
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-short-run-aggregate-supply
Unit 1: Externalities associated with air pollution
Sunday, October 20, 2013
Unit 1: Productive efficiency in transport: Container ships
I love stories about the biggest, fastest, etc so this economics packed clip, I love!!!
http://www.bbc.co.uk/news/business-24439603#
http://www.bbc.co.uk/news/business-24439603#
Labels:
Economies of scale,
Productive efficiency,
Video
Unit 1: Young drivers: Providers of negative externalities?
Possibly, if this report is true and these new government restrictions are turned into actions
http://www.bbc.co.uk/news/uk-24491695#
http://www.bbc.co.uk/news/uk-24491695#
Saturday, October 19, 2013
Unit 2: Falling unemployment, but it's not a uniform picture across the country
Nice chart from Sky news to highlight regional differences
http://news.sky.com/story/1155213/employment-jobless-benefit-claims-tumble
and this from the BBC re age of the unemployed
http://www.bbc.co.uk/news/uk-24550497#
http://news.sky.com/story/1155213/employment-jobless-benefit-claims-tumble
and this from the BBC re age of the unemployed
http://www.bbc.co.uk/news/uk-24550497#
Sunday, October 13, 2013
Unit 1: Increased demand for bulletproof cars in Pakistan
A classic case of increased demand due to changing taste and fashion in Pakistan
http://www.bbc.co.uk/news/world-asia-24488387#
http://www.bbc.co.uk/news/world-asia-24488387#
Unit 1: Post office shares: A disequilibrium price?
The launch price appears to be well below the equilibrium price if initial trading is any indication
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Saucony ProGrid Ride 4 Running Shoes 280944
Tuesday, October 08, 2013
Unit 1: Rising demand for new cars
.....reports Sky
http://news.sky.com/story/1150123/new-car-sales-accelerate-in-September
and a summary from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/signs-of-recovery-in-the-uks-new-car-sales?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:07:44:16Z
http://news.sky.com/story/1150123/new-car-sales-accelerate-in-September
and a summary from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/signs-of-recovery-in-the-uks-new-car-sales?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:07:44:16Z
Saturday, October 05, 2013
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