Coronavirus and the hockey stick shortage

//Coronavirus and the hockey stick shortage

Coronavirus and the hockey stick shortage

CBS Sports: How the coronavirus is creating an NHL stick shortage

Article published: Feb 11, 2020

IB Economics syllabus: Microeconomics (demand and supply, market equilibrium, shortage)

This is an interesting article about how the infamous coronavirus can lead to a lack of supply of hockey sticks in North America. Interestingly, as most of the hockey sticks are produced in China, the supply (and therefore the availability) of the good has decreased. This is because as the Chinese government wants to contain the spread of the disease, it stopped “travel and work.” As a result, many factories have shut down, including those producing hockey sticks to the NHL.

If you’re writing a Microeconomics Internal Assessment on this topic, make sure to show how the supply curve shifts leftwards. Also, don’t forget to show the resulting shortage at the original equilibrium price.

Source of image: Photo by Jerry Yu on Unsplash

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By | 2020-02-12T22:44:52+00:00 February 12th, 2020|Micro|Comments Off on Coronavirus and the hockey stick shortage

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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