The 1983 movie ‘Trading Places’, staring Eddie Murphy and Dan Aykroyd tells the story of an upper class commodities broker Louis Winthorpe III (Aykroyd) and a homeless street hustler Billy Ray Valentine (Murphy) whose lives cross paths when they are…
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For the CAIE A2 Economics course and NCEA AS 3.2, below is a note on Imperfect Competition which tends to be a popular question in the exam. The rule for maximising profit or minimising a loss (the equilibrium) for a…
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In most high school economics courses there is a unit on ‘Development Economics’ and within it the importance of remittances. Remittances are money that is earned by migrant workers that is sent back to their country of origin which are…
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SAF – sustainable aviation fuel is being demanded by airlines globally as it looks reduce its climate footprint and achieve its goal of net zero carbon emissions by 2050. In 2024 global production of SAF is set to reach approximately…
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Below is a video from The Economist that looks at the problems facing the Argentinian economy. It is well documented that Argentina’s economic woes since the 1940’s have impacted the economy today. Some of the main teaching points from the…
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The film also stars Raj B Shetty, Anjana Jayaprakash. It is yet another mass movie that thinks a star’s swag is enough. Towards the end of Turbo, the villain – played by Raj B Shetty – utters these words: “I hate these bloody old cliches.” He needn’t have waited so long. The bloody old cliches […]
By G Waugh ‘One of literature’s purposes is to give hope to the hopeless.’ I have seen some of the finest critics trying to define the purpose of art and literature as given above. I have seen some of them reject even the most truly original works of art as undeserving of their adulation and […]
Although not in the A2 syllabus we have had some great discussions in my A2 class on Modern Monetary Theory – MMT. It has its roots in the theory of John Maynard Keynes who during the Great Depression created the…
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By G Waugh It sometimes boggles my mind when I think about how much of my unnecessary past I carry with me. Any offhand comment, or a passing observation, a casually generated thought tossed off like a used cigarette butt by someone in the days of our growing up may get stuck in our minds […]
Some films are easy to classify as endearing. There’s a little touch of something in those that always makes the viewings agreeable. Those types of films are often contained in a shell without false pretences. For me, the Scottish film Gregory’s Girl, directed by Bill Forsyth, bears these non-neglectable qualities. Initially, I discovered this delightful coming-of-age comedy in February 2021 when I did […]
This is a useful news clip about US inflation from PBS Newshour with Paul Solman. They talk about core inflation, shelter inflation and rockets and feathers. When costs go up, prices go up like a rocket. They go up really…
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The film stars Prithviraj Sukumaran, Basil Joseph. Not all the jokes land, and the second half, especially, dips in momentum. When I interviewed director Hari before the release of Rathnam, he said it was important that the big heroes do more films per year, instead of concentrating on just one potential mega-blockbuster at a time. […]
Below is a graphic from the ANZ looking at supply and demand for labour and the unemployment rate in New Zealand. Points to note about recent figures: Sign up to elearneconomics for comprehensive key notes with coloured illustrations, flash cards,…
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