2014 A level H2 Economics Review: Microeconomics Qn 2

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 Grainsprovide 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.

Continue reading →

Please follow and like us:

Learning Economics From Diagrams: Lesson 4 – The Supply Curve

Now we move on to the Supply Curve. This is a very basic introduction to the idea of supply and what influences producers to increase or decrease their production. In the video I introduce a simple acronym “Pepper” that summarises these effects. This video and the previous one lay the important foundation for the rest of our analysis in microeconomics so do get a good understanding of them.

Continue reading →

Please follow and like us: