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Scoop.it!
The airline's boss says "enormous" demand has pushed prices up: "That is how the system works." Via Graham Watson 
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Experts warn many firms are unprepared for a less predictable climate after winter temperatures hit record highs. Via Graham Watson
Graham Watson's curator insight,
March 2, 2019 3:38 AM
Discuss the impact of freak weather on markets.
It's an interesting question: you might start thinking about how uncertainty affects markets, and then think about winners and losers. You might then also think about the importance of perfect information for the efficient operation of markets, and also about what is likely to happen to the 'price' of information.
I just throw the title out there in response to the article - but it's quite a good starter for 10, I think.
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Last week’s brief but unnerving shortfall was a reminder, if any were needed, of the central importance of energy efficiency
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Despite all the talk of football supporters being gouged, this is the way markets work Via Graham Watson
Graham Watson's curator insight,
May 13, 2019 4:39 AM
Demand and supply in action.
The Champions League final is a lovely case study.
Flights to Madrid? £700 Accommodation costs? £300 The astronomical price of tickets? from £200 but likely to be nearer £600. Agonising defeat for one set of fans - priceless for the rest of us.
Lots to ponder, not least elasticities of demand and supply.
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Asda, Morrisons and Sainsbury's cut petrol and diesel prices as wholesale prices fall. Via Graham Watson
Graham Watson's curator insight,
November 24, 2018 1:38 AM
A nice article looking at the nature of the fuel market: supermarkets are cutting prices, in response to a fall in wholesale prices. Thus, you could look at the ways in which falling costs affect the equilibrium price of petrol.
However, the article also notes that many commentators are quick to point out that the price of fuel could have fallen quicker - suggesting that the supermarkets have a degree of market power in the market - allowing you to consider whether it's an oligopoly and the possibility that it's best described by the kinked demand curve.
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As the High Street comes under pressure and shopping habits change, what can be done to fill vacant shops? Via Graham Watson
Graham Watson's curator insight,
April 15, 2018 4:56 AM
A fascinating look at the changing market dynamics of the High Street - with the seemingly ineluctable decline of retailing, this article considers where the High Street might go next. Apart from cafes, charity shops and mobile phone shops. Worth a read. But will it pan out this way? I suspect that tsome of these ideas have a very short shelf-life. |
Revelatory stuff about how markets work. Not.
Of course, what Liverpool and Tottenham fans think is that we should all effectively be subsidising their flights. Well, I''ve a simple message for them "You don't have to go".
And in the case of Spurs fans - you've had 35 years to save up, since your last European final...