This week we set out on the following mission:
Apply the basic concept of comparative advantage in everyday living and explain its benefits in terms of specialisation, division of labour, and exchange/trade.
Tag / A levels
Ask Anything #2
Anonymous asked,
When income increases, do both demand and ped of a good change?
I made a video response to the question. The answer may surprise you.
[youtube=http://youtu.be/IcXzwoetz3Y]
Bits of economics
I will be publishing a series of links weekly to articles that I think are interesting or useful for A-level economics.
The European Central Bank cut interests rates to negative territory this week, being the first central bank to ever do so. The German economy is booming and soaring like a Golden Eagle but is there a cause for concern? Meanwhile in China, stimulus is still a bad word despite ongoing attempts at it.
Microeconomics: Elasticity
The contents of this post are copyrighted and are used here for educational purposes only. Please do not distribute links without permission.
Designed for JC2 students doing their revision, this series of videos will help you develop a deep understanding of the different elasticity concepts by learning about their similarities and differences, applying them to analysing different markets and thinking about how firms can use elasticity to aid them in their production decisions.
The WTF ‘A’ LEVEL Package – Efficiently Expressed Economics | owlcove.sg
The WTF ‘A’ LEVEL Package – Efficiently Expressed Economics | owlcove.sg.
A good summary of H2 Economics.
