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Demand and Supply in action - Dry Shampoo

Thursday, May 24, 2012

Sales of dry shampoo have rocketed in the past year. Sales have risen by 140% year on year, and research by industry analysts Mintel found 23% of women and 13% of men own a bottle. It is especially popular among younger women, with nearly four in ten of those aged 16 to 24 using it

So why is there such a big increase in demand for this product?

 

read more...»

How much for an olympic torch?

Saturday, May 19, 2012

I’ve just seen a great piece of topical demand and supply in action today. Just in case you’ve missed it on the news, the Olympic torch arrived in the UK and embarked on a 70-day tour in the run-up to the London 2012 games.

read more...»

Demand and supply in action - minimum price on alcohol

Monday, May 14, 2012

Another great revision story this time on minimum prices. The Scottish Government has announced it wants to set a minimum price of 50p per unit of alcohol.

This will ensure that a standard bottle of wine at 12.5% volume is set at a minimum of £4.69 in Scotland. Compare this to the price of a similar bottle costing £3.49 in England.
A 70cl bottle of whisky at 40% will cost no less than £14 - while you can pick up a bottle in England for just over £10.

read more...»

Demand and supply in action - bikes

Friday, May 11, 2012

Sales of bicycles are forecast to reach an all-time high this year. The reason is that we are gearing up for a summer of watching cycling champions Victoria Pendleton, Mark Cavendish and Sir Chris Hoy in action. Analysts at Mintel predict that bike sales will grow by 8 per cent on 2011 to £700million this year, rising to £800million by 2016.
Another great one for students to practice their diagram drawing and explanation writing.

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Demand and Supply in Action - Potatoes

Wednesday, May 09, 2012

A great demand and supply in action story as your Year 11 students revise. The price of potatoes is set to rise due to the weather. The wet weather is delaying planting and slowing down harvests. The rains and floods have delayed main crop planting, with total plantings currently estimated to run to just over 70,000 hectares compared with almost 100,000 hectares this time last year.
Favourable weather in 2011 had led to unusually large crops across western Europe, which had kept prices down.
Using this information you could get your students to draw 2 diagrams one for 2011 and one for 2012.

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Demand and supply in action - Rice Pudding

Wednesday, April 18, 2012

The economic downturn seems to have caused a surge in demand for rice pudding. In the past year Muller Rice sales have grown 4% to £57.4million, data showed.
Muller put this increase down to advertising and encouraging shoppers to reappraise the brand. but other makers of pot desserts, such as Rachel’s, Tideford Organics and Yeo Valley, have also seen good growth.

 

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Great graphic - unemployment

Tuesday, April 17, 2012

A greater starter for some revision on unemployment here:

10 worst cities for unemployment

Demand and Supply in action: the market for IPads

Saturday, March 17, 2012

This week sees the launch of the latest IPad to scenes of overnight queues and fanfares from Apple.

read more...»

Demand and Supply in action - Beach hut for sale

Wednesday, March 14, 2012

How much would you pay for this?

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Inflation basket

Tuesday, March 13, 2012

The constituent parts of the basket that makes up the measure for CPI & RPI inflation is being updated to reflect changes in trends.

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Demand and Supply in Action - shoe polish

Sunday, February 19, 2012

A great demand and supply in action story to start the new half term off. The sales of shoe polish have risen 32% in the last year. One reason for this increase is the poor state of the economy. People are really looking after what they have. If you have a £150 pair of shoes, rather than scuff them to hell and get a new pair, they are cherishing them.”
It’s the same phenomenon that saw Timpsons enjoy booming sales as people got their shoes re-soled in the recession, and sales of darning equipment increased at John Lewis.

read more...»

The economies of Superbowl advertising

Sunday, February 05, 2012

A highlight of the year for many sports fans, the Superbowl presents advertisers with a unique opportunity to reach over 110 million captive viewers.

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Demand and Supply in Action - nail polish

Thursday, February 02, 2012

Over the past year Superdrug have seen nail polish sales rise by 37 %. L’Oreal’s nail polish sales were up 24%, double the increase in lipstick and lipgloss sales.
‘We live in an image-obsessed world and nail varnish has become the ultimate accessory. Women want a quick and affordable way to get the latest look. A new varnish provides an expression of individuality and the same buzz as a new outfit for 10 per cent of the cost.’

read more...»

Perfectly price inelastic supply

Friday, January 20, 2012

What cost $10 in 1937 and would now set you back $1 million?

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Demand and Supply in Action - what’s in a name?

It has been suggested in a new report that Skegness should change its name to boost demand in the ailing resort. This links really well with fashion and trends in demand. Skegness has become less popular with the rise of the package holiday (substitute) and younger people seeing Skegness as a less desirable place to go on holiday.

read more...»

Delicious data - UK debt compared

Thursday, January 19, 2012

Here is a great graph for using with your students to do a delicious data question.

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Demand and Supply in Action - Recession boosts fast food demand

Sunday, January 15, 2012

The recent recession has led to a surge in demand for fast food. This means that 50.4% of all meals eaten out of the home are now at a so-called quick service restaurant, up from 47.3% just two years ago. The term quick service restaurant is used by the industry to describe any outlet where the consumer queues to buy take-away food so includes coffee shops.

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Demand and supply in action - oil prices

Wednesday, January 04, 2012

A great demand and supply in action story to start the year off. Oil prices have risen by 4%. The cost of Brent crude jumped $4 a barrel to $111.4 by yesterday. The reason is the tensions between Iran and the US.

read more...»

Demand and Supply in action - chocolate prices soar

Tuesday, December 13, 2011

Here is a great demand and supply in action story to get students practising their diagrams and explaining them.
The price of chocolate is set to soar over the next decade. This is due to a worldwide shortage of cocoa beans.
In addition growing taste for cocoa in China, rising demand for dark chocolate and an awareness of its health benefits are forcing up demand.

read more...»

Delicious data - UK GDP growth

Wednesday, November 16, 2011

Great graph here showing UK GDP growth between 2007 and 2011.

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Demand and Supply in action - The Christmas turkey

Monday, November 14, 2011

The cost of the Christmas turkey could be as much as 25% higher this year. As a result you will pay about £50 for an average 12lb turkey, up from £40 last year.

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EU growth rates - delicious data

Friday, November 11, 2011

A great graphic here on growth rates in the UK, Germany, France and the EU as a whole.

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VAT relief on DVDs

Wednesday, November 09, 2011

The Treasury is scrapping an exemption on VAT for goods valued at less than £15 dispatched from the Channel Islands

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Mnemonic Monday - Party Season Nearly Christmas!

Monday, November 07, 2011

It seems that Christmas festivities start earlier and earlier each year, so this mnemonic is rather fitting at the beginning of November.
This is a great one for remembering cross price elasticity.

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Demand and Supply in action - petrol prices

UK petrol and diesel prices

News coming in today suggests that we are going to see prices at the petrol pumps rise considerably over the next few years. The reason behind this will be increasing demand from the fast growing Asian economies.

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Mnemonic Monday - Supply factors

Monday, October 31, 2011

This weeks mnemonic hopefully will help students remember the factors which cause the supply curve to shift. PINTSWC

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Mnemonic Monday - Demand factors

Monday, October 24, 2011

So as we all embark on teaching demand and supply I thought it would be a good idea to remind ourselves of the useful mnemonics for this topic.
This week we will look at the factors which cause the demand curve to shift.

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Luxury items buck the trend

Wednesday, October 12, 2011

We are expecting demand for goods and services to be dropping as the economic outlook worsens. Not so says Burberry, makers of expensive luxury items such as the trench coat and handbags. They have seen revenues rise 30% in the six months to September 30th.

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Demand and Supply in action - fish and chips

Wednesday, September 21, 2011

1,200 people queued to get their hands on a fish and chip takeaway meal for just £1. Fosters Fish and Chips shop in Didsbury, Manchester, was offering the special promotion to celebrate its first birthday.
And the £4.75 savings on the usual price appeared to be reason enough for 1,200 customers to wait hours in line.

read more...»

Demand and Supply in action - pumpkins

Monday, September 19, 2011

The recent hurricane on the East Coast of America has seriously affected the crop of pumpkins ahead of Halloween. The US is facing a shortage this year after Hurricane Irene destroyed hundreds of pumpkin patches across the region.
Wholesale prices have doubled in some places as farmers nurse their surviving pumpkin plants toward a late harvest.

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Controversial statement - starter

Friday, July 01, 2011

Firms should employ more Britons.

This would make a great discussion, especially towards the end of term. Add to it a great short video from the BBC on this topic. This could be a starter or a main course depending on your students.

Demand and Supply in action - strawberries and raspberries

Saturday, June 18, 2011

Strawberries and now raspberries have arrived into the shops extraordinarily early this year and the fruit itself has been larger, sweeter and juicier than any we have had in years.
This glut is a result of an unusually early spring and, essentially, good pollination.
Growers are fully expecting to outdo the 9,000 tonnes of raspberries sold last year, according to British Summer Fruits.
image

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Data - China, EU, UK and Germany

Some good data here on projected growth rates for China, EU, UK and Germany.

Great for a data comparison style question, such as:

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Demand and Supply in action - Chocolate digestives

Wednesday, May 18, 2011

The recent economic crisis has apparently made us all reach for the chocolate digestive. Sales of traditional favourite biscuits have been on the rise in the last year. The total market is up by 22 per cent over the past five years to some £2.2billion.
It is not just biscuits that have seen a rise in consumption due to the economic crisis, other comfort foods like sausage rolls and meat pies have also seen a rise in demand.

read more...»

Demand and Supply in action - Fake tan sales soar

Monday, May 16, 2011

Another great demand and supply in action to help you revise. The afternoon of the Royal wedding Debenhams saw sales of fake tan rise by 219% compared with the same day last year. It would seem that people saw the wonderful glow of Kate and Pippa Middleton and wanted to be like them - F in PASIFIC.

read more...»

Demand and Supply in action - Porridge sales surge

Friday, May 06, 2011

It would seem the porridge is the new in dish. Once again we see a great demand and supply in action story in this BBC video. It shows how fashion and trends (F in PASIFIC) have caused the demand for porridge to rise. This would be a great starter activity in the run up to exams, getting pupils to watch the video and draw a demand and supply diagram to show the change.

Demand and Supply in action - The Market Bag

Wednesday, May 04, 2011

This is a great demand and supply in action story I have just heard about on day time tv! The It Bag is apparently out. The new craze is the Market Bag.
At a cost of £90 per bag shown below has sold out everywhere.

read more...»

How many Easter eggs did you have?

It would seem not as many as previous years. Thorntons are blaming the great weather we had over Easter on the drop in demand for their chocolate. This is not the first time Thorntons has blamed the weather for poor demand and concerns over profit. Back in December they issued a profit warning due to low demand when the UK was affected by the snow.

read more...»

Demand and Supply in action - Bye bye white bread?

Tuesday, April 05, 2011

This is a great demand and supply in action story. Could white bread be on the way out? The demand for whit bread has significantly fallen over the last few years as people look to the healthier alternatives of brown and seeded bread in an attempt to become more healthy.

read more...»

Demand and supply in action - where to buy a cheap house

Saturday, March 26, 2011

Here is a really interesting article about the cheapest streets to buy a house in England and Wales.
The study shows a real North-South divide with no street in the South entering the top 20.
This article could make a great start to a discussion about what will affect the demand for housing,

Oil and unemployment data

Monday, March 21, 2011

The Guardian have updated two of their very useful interactive guides.
Firstly, an interactive guide on oil prices since 1998.
Secondly, an interactive guide on unemploymet since 1984 which now includes statistics on youth unemployment.
Both of these interactive guides would make excellent data description tasks along with great revision discussion starters.

Demand and supply in action - Easter Eggs

With five weeks to go until Easter weekend you may be turning your attention towards Easter eggs in the shops. You may also have noticed that the price of Easter eggs has shot up this year. Easter eggs are costing up to 140% more than last year.

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Demand and Supply in action - Eggs

Monday, February 28, 2011

The price of an egg has now risen above 30p. The cost of a box of six free range eggs averages £1.80 at many major stores, and is likely to rise further. The reason is the spiraling costs of production (C in PINTSWC).

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Demand and Supply in action - Great video

Thursday, February 17, 2011

Here is another great video from the BBC. This looks at increasing costs of production for Nestle and how it might affect their prices.

Demand and supply in action - That Kate Middleton dress

Sunday, February 13, 2011

As the Royal wedding draws closer we have another great economics story to come out of it. The lovely blue dress that Kate Middleton wore for the engagement announcement has caused a surge in demand for dresses made by the designer - Issa.
Sales have increased by 45%.

read more...»

Demand and supply in action - Cost of cashmere set to rise

Thursday, February 03, 2011

You probably don’t realise it but some of your clothes, perhaps a coat, jumper or cardigan has cashmere in it. Cashmere is a very soft yarn used to make some clothing. It comes from the goats in Mongolia. Unfortunately there has been an especially cold, harsh winter in Mongolia.

read more...»

Demand and supply in action - Price of oil rises to $100 per barrel

Tuesday, February 01, 2011

Great video here on what is causing the price of oil to rise.

Delicious data - compare the last 4 recessions

Thursday, January 27, 2011

This is a fantastic piece of interactive data from the Guardian. You are able to compare the last 4 recessions, looking at GDP, house prices, unemployment, interest rates and inflation. Not only can you use it to tie together various different macroeconomic concepts but also it can be used to help students develop their data description techniques.

Super Starter - video

Wednesday, January 26, 2011

Here is a great short video to use as a starter. It is packed with macroeconomic concepts that could be explored by your students.

Delicious data - food prices

Tuesday, January 25, 2011

It is estimated that the cost of food will increase by 50% in the next few years. The reasons behind this increase are the exploding world population, rising cost of fuel and increased competition for water.
Here is a great set of data on the spiraling cost of food to use with your students.

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Demand and supply in action - Bagpuss

Tuesday, December 21, 2010


Bagpuss, the old, fat furry catpuss is one of the toys on many children’s Christmas wish lists. Bagpuss won the hearts of millions of children in the 1970’s. Now, over 35 years later it is one of the big selling toys this Christmas. Sales are up 80% this year as there is a retro toy revival.

read more...»

Demand and supply in action - Brussel sprouts

Monday, December 06, 2010

This is a great demand and supply in action blog to get you into a Christmasy mood. Many people don’t like these but they will be part of the Christmas day lunch for most or will they? There could well be a shortage of brussel sprouts this Christmas due to the very cold weather we have just had. If we think about our demand and supply diagram the supply curve will shift to the left due to weather causing poor harvests (W in PINTSWC).
This video explains further.

Demand and supply in action - Waitrose Christmas pudding again

Monday, November 29, 2010

Last week I wrote about the Heston Christmas pudding flying off the selves in Waitrose. Well it would appear that it has almost sold out as Waitrose appear to have underestimated the demand for the product. Some of these Christmas puddings have appeared on ebay for £129!

read more...»

Demand and supply in action - Sales of Christmas cards plummet

Sunday, November 28, 2010

The sales of Christmas cards have been falling over the last 5 years. It is estimated that this year 141 million fewer Christmas cards will be sent compared to 5 years ago.

read more...»

Demand and supply in action - Waitrose Christmas pudding

Tuesday, November 23, 2010

Have you seen the adverts on tv for Heston Blumenthal’s Christmas pudding with a whole orange in the middle? I have many times already and by all accounts lots of people have as it has been flying off the shelves.

 

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Demand and supply in action - renting v’s buying

Monday, November 22, 2010

This a great example of substitute goods. According to figures released today rents in the UK have risen for the ninth month in a row. LSL Property Services, which owns the UK’s largest lettings agent network, said the average cost of renting a property rose to £691 during October, a 4.5% increase on last year. The demand for renting has been driven up as people are renting instead of buying due to a number of reasons.

read more...»

Demand and supply in action - we’re going bananas for pyjamas

Sunday, November 14, 2010

The popularity of evenings in and surfing the internet has caused demand for pyjamas to shoot up. Yet another great example of how fashion and taste can affect demand for products

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Delicious data - income tax

This is a great graph for when you teach income tax. It shows the marginal rates of income tax.

Also this article is very useful.

Demand and Supply in action - turkeys shrink as prices rise

Saturday, November 13, 2010

Don’t worry if you sit down at the Christmas table this year and your turkey doesn’t go as far as it did last year, you haven’t had too much to drink! In fact the size of Bernard Matthew’s turkeys have shrunk. The cost of rearing the birds has risen dramatically due to increases in the price of feed and other bills for farmers.

read more...»

Demand and Supply in action - the pocket toilet

Thursday, November 11, 2010

The increase in popularity of festivals along with more people going on holiday in the UK has led to the invention of the pocket toilet -

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Demand and Supply in action - is the wristwatch on its way out?

Wednesday, November 03, 2010

This is an interesting demand issue. Jewelers are saying that the demand for wristwatches has significantly decreased. The fall in demand is apparently down to the large number of other time telling devices on the market such as iPods and mobile phones.

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Demand and Supply in action - Fireworks

Monday, November 01, 2010

So we have had Halloween and as my blog yesterday showed spending on Halloween has risen considerably over the last decade. Not so good news for the fireworks industry though ahead of the 5th November. It looks like the recession and the government spending cuts will put a dampener on next years fireworks sales.

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Demand and Supply in action - Halloween costumes

Sunday, October 31, 2010

How many of you dressed up for Halloween? It is likely you will have contributed to the booming business by buying a costume, mask or some other halloween item.

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Delicious Data (5) - House Prices One More Time

Friday, October 29, 2010

Another great graphic for students to develop their data description skills.

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Demand and supply in action – The Dying Art of the Kimono

Sadly the ancient Japanese profession of Kimono making is on the brink of extinction as the few who still know how to make them are very old and could die out without passing on their knowledge.

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Demand and supply in action - Death of the bidet!

Saturday, October 23, 2010

“The bidet, once the height of sophistication in bathrooms, is slowly dying out in Britain.”

read more...»

Demand and supply in action – fake Christmas trees are in vogue!

Wednesday, October 13, 2010

One factor that can have a huge effect on demand is a change in fashion and taste. Fake Christmas trees which used to be the height of tackiness are now selling like hotcakes, up 140% from last year. With more people looking for an environmental alternative, can your students think of any other Christmas products which may see an upsurge in sales? They could also draw a supply and demand diagram to show how the price of the fake Christmas trees could change due to the shift in demand


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Delicious data (4) - House Prices again

Friday, October 08, 2010

News came this week which will strike fear into many a homeowner. According to Halifax UK house prices fell 3.6% in September. This drop was the biggest fall in month-on-month prices since the figures were first compiled in 1983. Demand and supply factors are at work here - an increased number of properties available for sale in recent months had pushed down prices. This has come at the same time as demand for homes had fallen owing to “renewed uncertainty” about the economy and jobs.

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Demand and supply in action - cotton price video

Sunday, September 26, 2010

Here is a really clear video from Sky News to go with Ben’s cotton prices blog. Perfect as a starter for a lesson on supply.

Demand and Supply in action - could there be a chocolate shortage?

Saturday, September 25, 2010

This headline is enough to send many chocolate lovers running off to the nearest shop to buy up all the stocks of chocolate! A cocoa pod disease is threatening the supply of cocoa which is used in the production of chocolate. This article is a great read and ideal for pupils to use as a data response for demand and supply. It also makes great reading for year 11 pupils who will be covering the topic of poverty over the course of this year.

Demand and supply in action - Steel-Price Rise Defies Forecasts

Friday, September 24, 2010

“The recent increases, which follow a summer of soft prices, are as high as 12% and as low as 1%, depending on the kind of product and the location. They reflect cutbacks in China as steel producers there lower output to meet the government’s year-end energy-savings target.”

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Demand and supply in action - Cotton Tops $1 a Pound

Cotton prices breached the $1-a-pound level for the first time in 15 years as delayed harvests and booming demand in Asia are cutting into supplies, putting clothing makers on edge.

 

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Delicious Data (3) - House Prices

Monday, September 20, 2010

Data released today shows that house prices have fallen for the third month in a row. This has further fuelled the worries over a “double dip”. The average cost of a home for sale in England and Wales is now £229,767. New sellers have dropped their asking prices by 3.4% in the last three months. There are record levels of houses unsold.

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Delicious data (2) - Inflation

Tuesday, September 14, 2010

Today the August figure for inflation was released. Standing at 3.1% the figure stayed the same from July, however it is still above the government target of 2%. This article is a great read to explain what is going up and what is going down.

The data below would be a great homework or class task, getting students to describe the changes in the CPI between 2008 and 2010….

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Demand and supply in action - price of coffee on the rise

The price of coffee on the futures market has risen to a 12 year high this week. The reason behind this rise is the shortage in supply due to poor crops this year. Add to this increasing demand due to the popularity of coffee shops like Starbucks and Costa coffee we are seeing the price of coffee beans rising.

A great task here would be to ask students to draw and explain a demand and supply diagram explaining these changes. For more information read this article.

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Delicious Data - Introduction

Saturday, August 28, 2010

One very important aspect of the GCSE (and the AS Level) is description of data. Over the coming months, Innes and I will be putting some useful information on the blog that you can use to help you with your exam technique. Alongside the data we will give you tips on how to get the best marks in these sorts of questions. Today’s data, the first in our “Delicious Data” series, is on the US economy.

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Demand and supply in action - the housing market again

Tuesday, August 17, 2010

Figures today show that asking prices for houses have lowered for the second month in a row. This is explained quite simply by our demand and supply diagram. The supply of houses has shifted to the right in recent months as home owners become a little more confident. Along side this demand has shifted to the left.

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Demand and Supply in action - the housing market

Monday, July 19, 2010

It has been reported today that a flood of houses onto the market is likely to cause the average house to fall over the next six months. This article is a great one for pupils to read and then construct a demand and supply diagram. If we think ahead to the GCSE exam pupils will be expected to draw a demand and supply diagram using information given to them and then describe what has happened to price and quantity sold, they may also be asked to explain why the change has happened.
You could extend some of your pupils by asking them to consider the PED and PES for the housing market.

Demand and supply in action- Asparagus

Tuesday, May 04, 2010

Asparagus has suddenly become very popular in UK households. Demand in the last year has risen by 15%. It would appear the celebrity chefs on television have inspired people to use asparagus. Also shops like Marks and Spencers and Waitrose have run promotions which have led to increased demand.

This BBC article provides great information for students to help them draw and explain a demand and supply diagram.

Demand and supply in action - nail varnish

Wednesday, March 31, 2010

The nail varnish above retails at £19 a bottle, however on ebay it is going for upwards of £45, why?

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Demand and supply in action - calls for a rise in tax on tobacco -

Sunday, March 07, 2010

A great article today from Sky about suggestions that tax on tobacco should be increased by 5%. This could be used for revision of demand and supply ahead of the summer exams.

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Demand and supply in action - the demise of Hummer -

Thursday, February 25, 2010

General Motors announced today that Hummer (see picture below) would be no more. There are several factors that have caused demand for Hummer to fall and therefore the demand curve to shift to the left.

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The year that was - great starter for first lesson back

Monday, January 04, 2010

As we all return to our classrooms this week, a good starter would be this great global financial quiz on the BBC.

Super Starter Sunday - Beat the Teacher - Macroeconomic objectives

Sunday, January 03, 2010

It is a new year and Beat the Teacher is back! This weeks beat the teacher covers the macroeconomic objectives. Try to find the five mistakes.

BeattheTeacher-macroeconomicobjectives.docx

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Great starter activity for every lesson up to Christmas!

Tuesday, December 01, 2009

The Guardian business section have produced a great advent calendar called a year in business. This would make a great starter activity in the run up to Christmas.

Great video to start the week

Sunday, November 22, 2009

The BBC have started doing a great new series of short videos called Biz Bites. This weeks video is particularly good and would make a great starter.

Super Starter Sunday - Beat the Teacher 3

Sunday, October 18, 2009

This weeks beat the teacher is based on supply. Can you spot the mistakes in the text?


Beat_the_Teacher_3.doc
Beat_the_Teacher_3_answers.doc

Mnemonic Monday - Fiscal Policy

Monday, October 05, 2009

This weeks mnemonic is the way my students remember what fiscal policy is.

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Super Starter Sunday - Beat the Teacher 2

Sunday, October 04, 2009

This weeks Beat the Teacher is an introduction to demand. Students have to identify the errors in the information.

Beat_the_Teacher_2.doc

Beat_the_Teacher_2_answers.doc

Mnemonic Monday - The role of profit in an economy

Monday, September 28, 2009

This weeks mnemonic looks at the role of profit in an economy - FARSI

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Super Starter Sunday - Beat the Teacher

Sunday, September 27, 2009

Beat the teacher is a great starter activity to get your students thinking and revisiting the topic they have just done.

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Super Starter Sunday - Economics in the news (27/09/09)

This week’s economics in the news covers exchange rates, supply and demand and a change in the retirement age. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Demand and supply in action - fall in demand for apples

Tuesday, September 22, 2009

Consumption of apples has fallen by 3.2% in the last year, despite Government guidelines stating we need to have our five a day.

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Mnemonic Monday - Functions of the Price Mechanism

Monday, September 14, 2009

This weeks mnemonic will help students remember the functions of the price mechanism.

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Super Starter Sunday - Economics in the news (13/09/09)

Sunday, September 13, 2009

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This week’s economics in the news covers product placements on TV, mergers and the perils of internet banking. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Super Starter Sunday -  Factors of Production video

This weeks Super Starter Sunday uses a short video to help get students to think about how to improve the four factors of production.

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Super Starter Sunday - Economics in the news (06/09/09)

Sunday, September 06, 2009

This week’s economics in the news covers US unemployment, BP, Easy Jet and insurance claims. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Super Starter Sunday - Above or below the line

Something to get a lesson started with students thinking about patterns and links between concepts in Economics. This starter could either be done on an interactive whiteboard or with pen and paper.

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Mnemonic Monday - Exchange rates

Monday, August 31, 2009

Here we go again, its almost the start of the term, you have probably spent all of your holiday money and are raring to start studying again! And so we start back with our first mnemonic of the academic year. This week we are going to look at how a strong pound will affect the competitiveness of exports and imports.

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Super Starter Sunday - Economics in the news (30/08/09)

Sunday, August 30, 2009

This week’s economics in the news covers Karen Brady, Iceland, competition, and technological unemployment. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Super Starter Sunday - Quiz

As many of us will be heading back to the classroom next week Super Starter Sunday has returned, it feels like only yesterday that I was signing off for the summer! So I thought a mini true or false quiz on economic happenings over the summer might be a good start for both year 10 and 11.

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Economic recovery in three words

Sunday, July 19, 2009

This BBC article is really interesting. The BBC have asked people to explain in three words how they will know when the recession is over. There are some really good ideas like ‘selling my house’ and ‘jobs for graduates’.
This would be a really good starter activity in the new academic year. It could be used to start the Year 11 students off on macroeconomic topics or as a general lead in for the new Year 10 students.

Mnemonic Monday - Cross Price Elasticity of Demand

Monday, July 13, 2009

As with Super Starter Sunday this is going to be the last mnemonic of this academic year, it will return in September. This weeks mnemonic is perhaps a little out of place in the middle of summer!

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Super Starter Sunday - Blockbusters

Sunday, July 12, 2009

As the end of term is fast approaching, this week’s Super Starter Sunday activities will be the last until September. I am sure many of us remember Blockbuster, here we will put an economics twist on the game show. This activity could be used as a starter, plenary or an end of term lesson.

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Mnemonic Monday - Factors that shift supply

Monday, July 06, 2009

Last week Innes looked at factors that cause the demand curve to shift, so it naturally follows that this week I should do factors that cause the supply curve to shift. I find students have more difficulty remembering supply factors, perhaps because it is less familiar to them.

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Super Starter Sunday - Just a minute or two

Sunday, July 05, 2009

As we get towards the end of the year pupils should have gathered lots of knowledge. A good way to test that knowledge in a fun way would be to play just a minute or two.

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Mnemonic Monday – Factors that shift demand

Monday, June 29, 2009

One of the most important skills at GCSE Economics is to be able to identify factors which shift the demand and supply curves, especially in the OCR paper where an almost identical 12 mark question appears every year without fail.  Here is a check-list of factors which will shift the demand curve ( and yes… you’ve guessed it - next week there will be a mnemonic on factors leading to a shift in the supply curve)

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Super Starter Sunday - Who am I?

Sunday, June 28, 2009

It’s Sunday again, so time for another starter activity. This one could be done as a who or what am I. It is a good way to get the class thinking and talking to each other about economics.

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Starter activity - Why is it funny?

Friday, June 26, 2009

Many thanks to Anne Logan (Methodist College Belfast) for suggesting a simple starter activity that can get GCSE Econ students engaged with breaking economics news stories.  The idea is very simple - show a recent Kipper Williams cartoon and ask the students to explain “why is it funny”?

Mnemonic Monday - price elasticity of demand and total revenue

Monday, June 22, 2009

Today we are going to look at the relationship between price elasticity of demand and total revenue. For GCSE (and A Level) students it is sometimes difficult to remember what a business must do to price in order to increase total revenue.

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Super Starter Sunday - Play your cards right

Sunday, June 21, 2009

This might take a little preparation but will get your students thinking at the beginning of the lesson and if used regularly may encourage them to keep up to date with economic figures.

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Super Starter Sunday – Economics in the news (21 June)

This week’s economics in the news covers unemployment, car sales, bank bonuses, Thailand’s economy, and the beginning of the end for two well known companies. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Mnemonic Monday - Economies of Scale

Monday, June 15, 2009

This weeks mnemonic is great for learning the types of economies of scale. Economies of scale are defined as when a firm grows larger long run average costs fall.

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Super Starter Sunday – Economics in the news (14 June 2009)

Sunday, June 14, 2009

This week’s economics in the news covers unemployment, oil prices, protectionism, and the end of the recession. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Super Starter Sunday - Odd one out

Another Sunday, another super starter to get some lessons off to a good start this week. This week I have decided to go with odd one out. Below there are sets of statements, students must spot the odd one out, they could also explain why it is the odd one out.

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Mnemonic Monday – Government’s main macroeconomic objectives

Monday, June 08, 2009

This week’s mnemonic is the basis of my macroeconomic teaching. It allows you to set up a really good wall display, possibly featuring Tony the Tiger.

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Super Starter Sunday – Economics in the news (7 June 2009)

Sunday, June 07, 2009

This week’s economics in the news covers unemployment, the exchange rate, Alan Sugar and interest rates. The pupils have to guess the news stories using the pictures. Each picture has an explanation and web link behind it.

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Mnemonic Monday – Price elasticity of supply

Monday, June 01, 2009

This week’s mnemonic is for factors affecting price elasticity of supply

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Super Starter Sunday - What is the question?

Sunday, May 31, 2009

A good way to get the lesson going after half term. Give your students the following five words, these are the answers, then ask them in groups to think of the question that goes with each answer.

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Mnemonic Monday

Monday, May 25, 2009

I intend to add a new mnemonic to this blog every Monday. Today: factors affecting price elasticity of demand.

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