From Harrods to Poundland…

Here is a nice example to illustrate the varying effects of the recession on the economy… A growing influx of high-spending foreign tourists powered Harrods through the £1bn sales barrier for the first time… whilst Poundland has also has reported a 26 per cent boost in revenues to £642m. A good example to use in discussion of goods and services that have different income elasticities of demand. Read the article at the FT here.

Unit 1 Micro: Revision Presentation on Elasticity of Demand [16 May 2012]
Unit 1 Micro: Income Elasticity of Demand [13 May 2012]
“One Direction” and Elasticity [26 Apr 2012]
Unit 1 Micro: Luxury Goods in Action! [6 Nov 2011]
Unit 3 Micro - Poundland expands operations [7 Aug 2011]
Information Failures: Going Under the Knife [28 Feb 2011]
The World’s Largest Yachts [17 Feb 2011]
Are Fiats an Inferior Good? [20 Nov 2010]
Next Generation Laptops - An Inferior Good [6 Oct 2010]
Income elasticity of demand - London’s luxury hotels [26 Sep 2010]
Lesson Worksheet - Income Elasticity of Demand [16 Aug 2010]
Brazilian aviation reaches new heights [25 May 2010]
McLaren’s new super sports car - income elasticity and status races [10 Sep 2009]
Buffett’s Veblen buffet [28 Jun 2009]
Status races - PTA school fete wars hot up [27 Jun 2009]
Status Races and Birthday Parties [16 Jun 2009]
Evidence of elasticity in a recession [27 May 2009]
Revision: Consumption and the Trade Balance [4 May 2009]
Rising demand for inferior goods [13 Jan 2009]
Sausages, inferior goods and derived demand [18 Nov 2008]
Luxury yachts - holed below the waterline? [17 Nov 2008]
Immune from the gloom? Choconomics [25 Aug 2008]
Inferior Goods [27 Mar 2008]

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