Monthly Archives: October 2013

Year 12 – SUPPLY SHIFTERS – 24th October

Consider what is driving supply in the following – CLICK ON THE LINKS – For each example say: i) whether a shift/movement has taken place (Remember to indicate which market supply curve you are referring to. ii) if there’s been … Continue reading

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Fire in Brazilian Port Burns Tonnes of Raw Sugar

Brazil have already exported around 12.8 million tonnes of sugar since the start of this year, however it looks like the figure for the rest of the year may fall due to a fire at one of the sugar ports. … Continue reading

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Nationalization of Prestwick Airport

Due to annual losses of 2 million pounds the Scottish government has decided to take Glasgow Prestwick Airport into public ownership. The public ownership is likely to put 1400 jobs in the Scottish and Ayrshire economies at risk but the … Continue reading

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NHS Crisis Recap

The NHS has been in the news recently and not for the right reasons: insufficient service, shortage of recruits and the list goes on. Even its medical director, Dr Andy Mitchell, has labeled the London’s health system as “unsafe” and … Continue reading

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World Bank slashes growth forecasts in China

Interesting news on growth in Asia and and about its financial instability due to “shadow banking” (when non-bank financial institutions that play an increasingly critical role in lending businesses money). Growth is thought to increase by 7.5% as opposed to … Continue reading

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Gross National Happiness

Nice video found by Inaam (Year 12 Macro) illustrating an alternative indicator to GDP for measuring economic well being. Enjoy!

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The Big Mac Index

GDP seems to have many flaws, whether it be in our calculations of the figure or our interpretations of it. GDP is used as a measure to estimate the economic welfare in a country; however, if the calculation of this … Continue reading

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China on Fast Track to Success

Recently, read this in the Gulf News and thought it would be an interesting read to show some factors that can help to boost economic growth. China’s high-speed rail system is claimed to be a main factor contributing to the … Continue reading

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More on…you guessed it – 3D printing!

We were talking about the weirdness of the possibility of printing meat via 3D printing technology and, not being a scientist, couldn’t come up with a reasonable explanation as to how the heck it could be done. So here’s some … Continue reading

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Do you live in a free market economic system?

Ascertaining the degree in which a country employs a free market system cannot be limited to the analysis of the amount of government spending as a percentage of National Income.  Here is a comprehensive look at what constitutes real economic … Continue reading

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