The demise of Hummer - demand and supply in action
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.
Champagne exports drop - YED in action
Exported French champagne dropped by 28% in 2009. Global sales of French brandy Cognac also declined by 15.6%. France is the worlds biggest exporter of wines and spirits. So why has there been such a large drop in these exports?
read more...»Fun Fact Friday - What’s hot and what’s not in the recession
This weeks fun fact Friday looks at the items in our shopping basket that are up and down in the recession.
read more...»It’s Mega Monday!
Today is the day when online stores are expecting their highest takings of the year! Experts predict £400m will be spent in the run up to Christmas. As the UK is expected to be out of recession soon consumers have much more confidence than this time last year.
Great interactive data on budget deficits around the world
The BBC have produced a fantastic visual interactive map of budget deficits across the world between 2007 and 2010. It would make a great starter activity or a main part to a lesson on government budgets.
Toy shortage at Christmas?!
Have toy manufacturers misjudged the amount of sales this Christmas? With the UK still in a recession toy manufacturers could have presumed that Santas budget was much lower this year and therefore produced fewer toys.
UK trade deficit worsens - Q&A
This is often a topic that GCSE Economists struggle with. An interesting article on the BBC explains how the UK trade deficit has worsened due to the car scrappage scheme.
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Booming businesses in the recession
We have all heard lots about the numerous businesses that have lost out to the recession. We have not heard so much about the businesses that have done well out of falling incomes and increased unemployment.
read more...»L, U, W, V or bathtub shaped?
No doubt we have all heard the various letters and shapes that have been suggested for the shape of this recession. This article in the Guardian would make a great start to the half term possibly prompting an interesting discussion.
Great data on the global recession
The Guardian has once again produced a great guide to the countries that are still in recession and those that are beating it.
