The World This Week: 13th March
Aggregate Demand and Supply
We’ve heard about the toilet paper, but what else are people panic buying?
Since the deadly outbreak of Covid-19, there have been cases all over the world of panic-stricken consumers rushing to supermarkets and filling their trolleys with everything they can get their hands on. We’ve mainly heard […]
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 […]
Consumer and Business Behaviour
An online shopping boom is fueling ships across the Pacific
In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant shipping industry across the transpacific. In these coronavirus times, consumer demand for household goods has […]