an image of Canadian dollars as the economy experiences deflation
Aggregate Demand and Supply

Deflation in Canada: why economists will tell you that falling prices is not something to be happy about

The inflation rate in Canada entered negative territory in April, as year-on-year inflation was measured at -0.2%. This essentially means that the average price level in Canada was 0.2% less in April this year, than […]

An image of Dhaka in Bangladesh
Aggregate Demand and Supply

Over a million clothing workers in Bangladesh have lost their jobs as Covid-19 brings the textile industry to a standstill

Clothing workers in Bangladesh, the South Asian country which is only second place to China in the global manufacturing of clothing, have been hit hard by the worldwide spread of Covid-19.  The plummeting demand for […]

An image to show Chinese manufacturing opening up again
Consumer and Business Behaviour

The factory of the world is firing up again: China records strong growth in manufacturing activity for March

Whilst economies around the world are still on their knees, China seems to have picked itself back up again, after emerging from the worst of Covid-19’s destruction across the country. In battling the virus throughout […]

Image of a coal mine
Basic Economic Concepts

Coal: the world’s dirtiest and most damaging fossil fuel has now become the most expensive!

As students of economics, these really are crazy times we are living through! From governments paying private sector wages  to 0% interest rates, to toilet paper shortages,  the latest to add to this list is the environment’s least […]

An image to show restaurants closing in the UK because of Coronavirus
Consumer and Business Behaviour

Not even a cheeky Nando’s can help you through this crisis: Nando’s and McDonald’s to close all UK restaurants!

McDonald’s has announced that as of Monday evening it will close all 1,270 of their UK based restaurants until further notice. Employing around 135,000 people across the UK, this is going to put a huge […]

Aggregate Demand and Supply

Now this is monetary policy: US Federal Reserve is throwing everything it’s got at the coronavirus

In an unprecedented move today, the US federal reserve, which controls and coordinates American monetary policy, has announced a cocktail of measures to combat the economic fallout from the coronavirus which utilises almost every weapon […]