Every week I read through The Economist to pick out articles that may be useful for teaching in the classroom. I’ll be sharing some of my notes and the discussion prompts I’ve come up with in these weekly posts. For students, they can serve as guide-rails for your reading. For teachers, I hope they will be helpful for your teaching.
In 2012 the UK had a very poor harvests for grain and potatoes, which are major ingredients of many of the foods of UK consumers and also provide feed for much of Britain’s livestock. At the same time, there was a decline in real incomes of many UK citizens, especially those on low incomes.
This week we starting looking at consumer theory. The A-level syllabus condenses this part of the course and jumps straight into the demand function without looking at how it is being derived. I might do a bonus video in the future to explain the derivation of the demand curve but for now this should suffice.