Price of rice in Japan - Planet Money podcast - EconDaddy IB Economics tutor

Price of rice in Japan – Planet Money podcast

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Planet money: The Price Of Rice In Japan

IB Economics syllabus: Microeconomics (demand and supply, non-price determinants)

This interesting short podcast is about the market of rice in Japan, and how it has changed over the past decades. It answers an exciting question: how on earth does the price of rice keep going up even if there is a lower and lower demand for it by consumers? It turns out it’s because of COWS!!!

Source of image: NPR

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By EconDaddy IB Economics tutor|2022-01-13T10:34:09+00:00September 19th, 2019|Micro|Comments Off

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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.