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  BBC: Oil price surges as Opec and non-Opec members agree deal to cut output Article published: Dec 12, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand and supply, cartel) This time, the OPEC has managed to get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Guardian: Oil price surges as Opec agrees first cut in output since 2008 Article published: Nov 30, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand and supply, cartel) Decreased supply leads to higher price: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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