Lady Gaga and Baby Food!

Why on earth should Lady Gaga and baby food appear in an economics blog?

Well, it’s all to do with shifts in the demand curve. Lady Gaga is allegedly enjoying a “goo diet” in order to maintain her weight. Essentially the singer has one main meal a day and then snacks on jars of baby food to curb hunger. Whilst this is certainly not recommended, and nutritionists say you should always diet by healthy eating and exercise, the impact on sales of baby food has been incredible. According to Ocado, a grocery website, orders for Heinz Mum’s Own Creamed Porridge have increased by 100%, and jars of pasta and spaghetti bolognese purees are up 87%!

So, if your looking for an example for the “F” of your “FACES” acronym to explain shifts in the demand curve then this is as good as any!

Unit 2 Macro: Cyclical and Structural Economic Issues Facing the UK [23 May 2012]
Unit 2 Macro: Positive and Negative Multiplier Effects [20 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
Q&A: What do we need to know about output gaps? [20 May 2012]
Unit 2 Macro: The Output Gap [20 May 2012]
Unit 1 Micro: Revision Presentation on Elasticity of Demand [16 May 2012]
Unit 1 Micro: Income Elasticity of Demand [13 May 2012]
Unit 1 Micro: Price Elasticity of Demand [13 May 2012]
Unit 2 Macro: Aggregate Demand Glossary [5 May 2012]
Macro Revision - Key Statistics on the UK Economy [4 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
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Unit 2 Macro: Skills Shortages Hold Back Recovery [12 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Football Clubs to Pay for Negative Externalities [11 Apr 2012]
Unit 1 Micro: Revision on Elasticity of Demand (for Rice) [3 Apr 2012]
Unit 1 Micro: Revision on Maximum Rents in Housing [1 Apr 2012]
Unit 1 Micro: Revision on Producer Cartels [31 Mar 2012]
Unit 4 Macro: Evaluating 3 Years of Quantitative Easing [27 Mar 2012]
Unit 1 Micro: Government launches New Buy Loan Guarantee Scheme [12 Mar 2012]
Martin Wolf on Global Shocks [10 Feb 2012]
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Unit 2 Macro: Focus on China - Inflation [26 Jan 2012]
Unit 2 Macro: Focus on China - Per Capita Incomes [26 Jan 2012]
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Unit 2 Macro: Factors Driving Business Investment [10 Jan 2012]
Hopes and Fears 2012 [10 Jan 2012]
Unit 3 Micro: Brand Loyalty in Mobile Phones [27 Nov 2011]
AS Macro: The State of British Business [13 Nov 2011]
Unit 3 Micro: Time of Use Pricing for Energy [2 Nov 2011]
Unit 3 Micro: Economies of Scale and the Kinect [31 Oct 2011]
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Unit 2 Macro: Can Exports Drive a Recovery? [13 Oct 2011]
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Unit 2 Macro: Homework Assignment on Consumer Spending [3 Oct 2011]
Unit 1 Micro: Homework Assignment on Market Prices [2 Oct 2011]
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Unit 1 Micro: Exercise on Equilibrium Market Prices [27 Sep 2011]
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Unit 2 Macro: Reducing Unemployment after a Recession [11 Jul 2011]
Unit 1 Micro: FirstBuy, Affordability and Effective Demand in Property [10 Jul 2011]
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A2 Macro: Consumer Spending [30 May 2011]
AS Macro Key Term: Demand Pull Inflation [24 May 2011]
AS Macro Key Term: Deflation [24 May 2011]
AS Macro Key Term: Economic Recovery [23 May 2011]
AS Macro Key Term: Recession [23 May 2011]
AS Macro Key Term: Spare Capacity [23 May 2011]
A2 Micro: The Importance of Profit [19 May 2011]
A2 Micro: High and Low Marginal Cost Products [19 May 2011]
A2 Micro: Examples of Price Discrimination [19 May 2011]
Unit 3 Micro: Perfect Competition [19 May 2011]
A2 Micro: Competition and Efficiency [19 May 2011]
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AS Micro: Rising Global Food Prices [2 May 2011]
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Key AS Micro Terms: Prices [15 Apr 2011]
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