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Teaching Economics

In the News

World commodity prices in 2016

Geoff Riley

9th December 2016

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Over the last year there have been significant increases in the prices of globally traded commodities.

  • Oil: +35%
  • Gas: +75%
  • Gold: +9.5%
  • Silver: +21%
  • Copper: +28%
  • Iron: +100%
  • Nickel: +31%
  • Aluminum: +16%
  • Steel: +49%
  • Coal: +60%

If you are thinking of a quick revision thought experiment, work through the list and - using aggregate demand and supply analysis - consider how these price changes might affect macro economic objectives for the UK.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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