In 1939 Paul Sweezy of Harvard University wrote his paper ‘Demand Under Conditions of Oligopoly’ in which he explained conditions around the kinked demand curve. He suggest that rivals in a market react differently according to whether a price change… Continue reading →

Dharma Productions has been fighting with the CBFC for a long time over this PARIYERUM PERUMAL remake, with Siddhant Chaturvedi and Triptii Dimri. This Hindu article tells a lot of about what offended the Censors. https://www.thehindu.com/entertainment/movies/cbfc-clears-dhadak-2-after-16-cuts-including-altered-anti-caste-references/article69610379.ece Sample: “One of the cuts says that the “Blue colour of the dog was removed”. The original film features […]

Unit 9 of the A Level CAIE Economics course looks at national income and the 45 degree line graph and I’ve recently been covering this with my two A2 classes. The graph below covers what you need to know and… Continue reading →

Just completed this topic with my A2 Economics classes. Marginal Revenue Product (MRPL) measures the change in total output revenue for a firm as a result of selling the extra output produced by additional workers employed – the theory behind… Continue reading →

The story is about the close bond between a man and his young nephew, but there is a big logical loophole that makes it difficult to empathise with anything or anyone. The rest of this review may contain spoilers. Maaman is the latest entrant in the sub-genre we know as “family drama set in southern […]

By Bala I must say, I am slightly relieved. As a die-hard Tendulkar fan, you always knew his greatness was sealed, but one of the defining aspects of his career was numbers. He didn’t have enough wins or trophies to show, and hence his fans had to obsess over the volume of runs and centuries. […]

The consumers price index (CPI), New Zealand’s best known measure of inflation, measures the rate of price change of goods and services purchased by households. The CPI consists of a basket of goods and services that represent purchases made by… Continue reading →

By Aditi Subramaniam As I write this, I am sitting in a Mexican restaurant waiting for my lunch to arrive. I must be hungry, because it’s 3 pm and I haven’t eaten anything since an early breakfast, but even the nachos and salsa in front of me, which would have ordinarily been gobbled up as […]

With the AS Paper 2 (Data Response/essay paper) this week, here is a note on Tariffs and Protectionism which is in Unit 4 of the AS course. It can be a popular ‘Discuss’ question in the essay paper. However you… Continue reading →

You are no doubt aware of the two catastrophic accidents in 2018 involving Boeing 737 Max aircraft which led to the Federal Aviation Administration (FAA) to ground all 737 Max aircraft and make regulatory changes. The compliance costs incurred by… Continue reading →