Championship football club Coventry City have decided to set ticket prices for the Championship game against West Bromwich Albion later this month and the Boxing Day match with Swansea City at £45.…

Another post geared towards the A2 Economics multiple-choice exam next week. Long-run and short-run average costs curves are a popular question in CAIE Economics Paper 3. In the short run at least …

With the A2 multiple-choice paper over the next few days you should note that the impact of an increase in variable costs in monopolistic competition. The graph can throw up a variety of questions …

In the A2 multiple choice paper (P3) and the NCEA Level 3 Marginal Analysis, natural monopoly is a popular topic . Here are some thoughts on the types of questions they could ask on natural monopol…

The tobacco industry has not been disappointing investors even with the number of people giving up smoking. If you invested US$100 in US tobacco companies you would make a return of US$165. This is…

Another example of a past Paper 3 question which has been quite popular in the last couple of exam sessions. I have changed the data from the original CAIE question. The table shows the values of s…

The price of copper has increased by over 14% compared to last year and a tonne of the commodity is now $10,600. According to The Economist the 3 reasons for its increase are supply, demand and eco…

The NCEA Level 3 and AS multiple-choice paper are coming up and a popular question is either a subsidy or indirect tax question. Below is a typical subsidy graph and the question usually asks stude…

Artificial intelligence is driving a wave of corporate investment unlike any in decades, with forecasts calling for $500 billion in global AI spending by 2026. Experts describe this as a “cap…

With the A2 essay paper this week and the NCEA Level 3 exam next month, below are a couple of mindmaps looking at monetary policy. Monetary policy is the process by which the monetary authority of …

The AS Level Paper 2 is tomorrow so below are some thoughts on approaching the data response. These questions are all about deep reading of the extract and interpreting the data/graphs. On too many…

This topic can be part of an essay question in Section B of Paper 2 at AS level – the focus is usually on the usefulness of PES. It refers to the ability of producers to adjust supply to a ch…

Cardboard packaging often goes unnoticed, yet it is the backbone of the supply chain, with everything from groceries to heavy machinery passing through a box before reaching its destination.A decli…

Currently doing Cambridge A Level revision courses for the Association of Cambridge Schools New Zealand (ACSNZ) and today we went through the labour market. Marginal revenue productivity (MRPL) is …

A timely reminder about essay writing for economics as we approach the October external exams. Below is a mindmap on economic systems (market economy) which could be useful as an essay plan. I have…

The natural rate of unemployment is part of the Cambridge A Level course and is usually found in a multiple choice question or essay. Below is a useful video from Marginal Revolution University. Th…

Here are some revision notes on YED which might be useful for the CIE AS Economics exam in a few weeks time. Quite a few of the class had never come across this graph which is popular in multiple-c…

Nature in Australia is vital economic infrastructure. When the value of non-market ecosystem services—such as climate regulation, water purification, pollination, and flood protection—is included, …

Tourism is becoming ever more affordable with low-cost air travel, Airbnb, cheap packages etc but there are concerns that tourist destinations are feeling the pressure of rising visitor numbers. Ov…