A selection of recent news clips linked to the concept of public goods
This is a great activity my HoD Luke McIlvenna did today with our mutual Lower Sixth Economics Class, which helped them to develop and demonstrate their understanding of aggregate supply.
The students were asked to write a story about aggregate supply in which they had to imagine it as a person or thing with characteristics or even a personality. They needed to think about being quiet and unoccupied, becoming busier, and then becoming super stressed as they reached full capacity.
Some of the work produced by students was really great, not to mention creative. Here are two examples:
The Story of Adam Sugar (link to file via our department blog)
I’m looking forward to being able to build on this knowledge as we cover economic growth, unemployment and demand pull inflation.
New data suggests that the rapid growth of exports from China is once again slowing down. This Reuters business news video (2 minutes) provides some useful background information on the recent downturn in export and import volumes and mentions that rising imports and a shrinking trade surplus may help the Chinese to rebalance their economy and perhaps provide a demand stimulus for exporters from struggling European countries.
That said the continued weakness of many EU countries will make it difficult for Chinese exporters to maintain sales and employment. During the global recession of 2008-09 millions of workers in Chinese manufacturing industry lost their jobs prompting many to return to their rural homelands in search of work and income.
* Which industries in China are likely to be most affected by a reduction in the growth of exports?
News video
-------------------------------------------------------------------------------------------------
Copyright Tutor2u All Rights Reserved www.tutor2u.net