Shortage Continues in the UK

Guardian: Is Brexit or Covid to blame for Britain’s supply chain crisis? Article published: 24 Sep,  2021 IB Economics syllabus: Microeconomics (demand & supply, shortage, interdependence) Brexit and the pandemic have led to a huge shortage of low-skilled labour in the UK, especially in the food and drink industries. As a result, of less [...]

By |2021-10-19T12:39:07+00:00October 19th, 2021|Micro|Comments Off on Shortage Continues in the UK

Record Number of Cargo Ships Queueing at California Ports

BBC: Record backlog of cargo ships at California ports Article published: 21 Sep,  2021 IB Economics syllabus: Microeconomics and Global economics (non-price determinants of supply, international trade) This article talks about the increasing number of cargo ships that are waiting to discharge their containers at the ports of California, "which handle 40% of all [...]

By |2021-10-11T13:07:09+00:00October 13th, 2021|Global economics, Micro|Comments Off on Record Number of Cargo Ships Queueing at California Ports

Global Chip Shortage Hurts Car Manufacturers

CNBC: Major automakers fear the global chip shortage could persist for some time Article published: 6 Sep,  2021 IB Economics syllabus: Microeconomics (demand and supply, shortage) Partly due to coronavirus, many factories producing semiconductors have shut down in Malaysia. This has led to a huge shortage of chips, using silicon and consequantly has negatively affected [...]

By |2021-09-08T09:51:25+00:00September 8th, 2021|Micro|Comments Off on Global Chip Shortage Hurts Car Manufacturers

Milkshake Shortage in the UK

BBC: McDonald's runs out of milkshakes in England, Scotland and Wales Article published: 24 August,  2021 IB Economics syllabus: Microeconomics (demand and supply, shortage) Due to a shortage of truck drivers, milkshakes and bottled drinks are unavailable in as much as 1250 McDonald's outlets across the UK. Thus, due to the lower availability of [...]

By |2021-09-01T19:38:42+00:00September 1st, 2021|Micro|Comments Off on Milkshake Shortage in the UK

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 [...]

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

No water available in Australian school

The Guardian: Queensland school runs out of water as commercial bottlers harvest local supplies Article published: Dec 12, 2019 IB Economics syllabus: Microeconomics (demand & supply, market failure, sustainability) "The Tamborine Mountain state school has run out of water, even as water miners in the Gold Coast hinterland are sending millions of litres to commercial bottling [...]

By |2019-12-16T19:58:36+00:00December 16th, 2019|Micro|Comments Off on No water available in Australian school

Price of rice in Japan – Planet Money podcast

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 [...]

By |2019-09-19T11:59:25+00:00September 19th, 2019|Micro|Comments Off on Price of rice in Japan – Planet Money podcast

New international agreement on decreasing global oil production

  BBC: Oil price surges as Opec and non-Opec members agree deal to cut output Article published: Dec 12, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand and supply, cartel) This time, the OPEC has managed to get an agreement through with non/OPEC members, most notablz, with [...]

By |2018-10-25T04:13:23+00:00December 14th, 2016|Micro|Comments Off on New international agreement on decreasing global oil production

OPEC cuts oil supply first time in 8 years

Guardian: Oil price surges as Opec agrees first cut in output since 2008 Article published: Nov 30, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand and supply, cartel) Decreased supply leads to higher price: "The price of oil has surged by 8% after the 14-nation cartel Opec [...]

By |2018-10-25T04:14:11+00:00December 14th, 2016|Macro|Comments Off on OPEC cuts oil supply first time in 8 years

Tax cuts for Chinese car manufacturers

Wall Street Journal: China Car Sales Rise Sharply in September Article published: Oct 12, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (government intervention: tax cut) Thanks to tax cuts, Chinese car manufacturers can sell their products at lower prices. No wonder that there are a lot more sales [...]

By |2018-10-24T03:42:27+00:00October 15th, 2016|Micro|Comments Off on Tax cuts for Chinese car manufacturers

Carbon floor price hike will trigger UK coal slowdown

The Guardian: Carbon floor price hike will trigger UK coal slowdown, say analysts Article published: Apr 2, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (Govt' intervention, minimum price/price floor, carbon tax) "Coal-fired power plants are set to be taken offline this year as a result of the [...]

By |2017-08-23T10:52:06+00:00April 28th, 2015|Micro|Comments Off on Carbon floor price hike will trigger UK coal slowdown

A prospective future for electric cars

Reuters: Automakers race to double the driving range of affordable electric cars Article published: Mar 24, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand/supply, oligopoly, negative externality of production) Demand for electric cars are very low relative to demand for conventional ones. This might change in the [...]

By |2017-08-23T10:53:02+00:00March 25th, 2015|Micro|Comments Off on A prospective future for electric cars

As sales decline, reform is on the way for McDonald’s

USA Today: McDonald's sales continue to slide Article published: Mar 9, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics With declining sales, McDondald's plans to increase its brand loyalty/recognition by "enhancing the restaurant experience" to "reassert McDonald's as a modern, progressive burger company." You can show a decreased [...]

By |2017-08-23T10:57:02+00:00March 10th, 2015|Micro|Comments Off on As sales decline, reform is on the way for McDonald’s

Price of sugar down because of overproduction – subsidy awaited

International Business Times (India): Mills Sell Sugar at Lower Rates to Pay Farmers as they Wait for Subsidy Article published: Feb 11, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand/supply, govt' intervention) Source of image: Agrodaily.com Do you need a little boost with IB Economics? Register for private [...]

By |2017-08-23T10:57:21+00:00March 3rd, 2015|Micro|Comments Off on Price of sugar down because of overproduction – subsidy awaited

U.S. agriculture delegation visits Cuba

Reuters: U.S. agriculture delegation visits Cuba, protests embargo Article published: Mar 2, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (opening up new markets - boosting demand) and International Economics (trade agreements) Source of image: endthesanctions.com Do you need a little boost with IB Economics? Register for private lessons here. [...]

By |2017-08-23T10:57:35+00:00March 3rd, 2015|International Economics, Micro|Comments Off on U.S. agriculture delegation visits Cuba

Starbucks offering coconut milk as demand grows

Reuters: Starbucks' U.S. shops turn to coconuts as non-dairy demand soars Article published: Feb 4, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics As consumer tastes have changed Starbucks is now offering coconut milk next to soy milk. Also while there is a growing demand for coconut [...]

By |2017-08-23T10:59:03+00:00February 26th, 2015|Micro|Comments Off on Starbucks offering coconut milk as demand grows

The effects of low oil prices on Americans

The Washington Post: What do falling oil prices mean for the U.S. in the short and long term? Article published: Feb 14, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics A bit longish article but provides a great analysis of how the U.S. economy is influenced by the [...]

By |2017-08-23T11:01:11+00:00February 19th, 2015|Micro|Comments Off on The effects of low oil prices on Americans

Substitution effect at work

Reuters: Asian supply lines hit by West Coast ports dispute Article published: Feb 16, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics As the dispute of workers at U.S. West coast ports cause huge delays for Asian suppliers, many large firms start shipping by air fright. Supply, [...]

By |2017-08-23T11:01:21+00:00February 17th, 2015|Micro|Comments Off on Substitution effect at work

OPEC’s power decreasing

CNN Money: End of OPEC is closer to reality Article published: Feb 10, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics and International Economics Source of image: IT Works for Business You might also want to have a look at these charts about oil output, demand and U.S. [...]

By |2017-08-23T11:01:39+00:00February 14th, 2015|International Economics, Micro|Comments Off on OPEC’s power decreasing
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