Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Blog

Iron ore prices and the shutdown point

Ben Cahill

14th April 2015

Share this content:

Geoff Riley's recent post on the impact of falling iron ore prices on the Australian economy detailed some of the macroeconomic effects (falling GDP and exchange rate, rising unemployment) and now we have an excellent example of a microeconomic concept in action - the shutdown point.

Share this content:

Ben Cahill

You might also like

Why Pints Are Hitting £5 - It's No Joke!

1st April 2025

In the News Teaching Activity – why is the average price of a pint of beer set to rise above £5? (Mar 2025)

31st March 2025

Britain’s High Streets: A Crisis or an Opportunity?

12th September 2024

Electric Car Wars: Challenges for European and American Automakers

6th September 2024

Berrynomics: The Juicy Crisis in British Agriculture

23rd July 2024

In the News Teaching Activity – is the price of getting your nails done going to rise? (Apr 2024)

15th April 2024

In the News Teaching Activity – the Body Shop shuts down some of its UK stores (Feb 2024)

26th February 2024

In the News Teaching Activity – the implementation of post-Brexit non-tariff barriers to trade to increase business costs (Jan 2024)

5th February 2024