One of the causes for the oil crisis is a lack of supply of truck drivers in the UK, this has lead to empty fuel pumps around the country.

Why are natural gas prices rising?

Natural gas prices have recently surged in Europe, this was caused by a huge outward…


Introduction:

The reason the government provides free health care and subsidise university tuition fees is because, by providing these goods for free, the government encourages people to use these goods as they can benefit society. This is because if you are healthier you can be more productive at work. Also…


PED measures the responsiveness of quantity demanded to a change in price.

With elastic demand, an increase in price causes a decrease in demand, and vice versa. The equation to calculate PED = % change in quantity demanded / % change in price. …


Famous Economists

Fredrick Hayek was born on the 8th of May 1899 in Vienna, Austria and is a free market economist whose main philosophy is the prosperity of society, which is driven by creativity, entrepreneurship and innovation. However, for these goals to be achieved, a free market is required. A…


Milankovitch Cycle are the primary driver of long-term climate change, the theory is based on orbital/astronomical forcing of glacial periods and takes into account the three main characteristics of the earth’s orbit: Eccentricity, Obliquity and Precession. …


Ice cores are located either near the North or South pole, or high mountains anywhere around the world. Scientists drilling deep into the ice, allowing them access to the ice cores, which usually have distinct layers in them. The layers contain dust, air bubbles or isotopes of oxygen. The samples…


The International Monetary Fund (IMF) was established in 1944 during a press conference held in the USA. The role of the IMF is to lend money to countries with the sole purpose of development. Despite this, its primary role and aim is to sustain financial stability. They do this by…


COVID has lead to millions of people losing their jobs, and everyone spending more time inside and less time out shopping. Due to this the Uk’s aggregate demand has shrank massively.

As a result of COVID, consumer spending for the most part down in all industries, the main cause of…


After reading this article about how COVID 19 will effect the poorer countries, it has made me realise how vulnerable they could be. In countries such as India where they have announced a 21 day ban on leaving the house, this could be less effective than they think. Due to…


  • As Mr Sunak has decided to invest in schools and hospitals whilst continuing to support business through the global pandemic. …

Jared Gardiner

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