EveryDay Economics by K Shah & Dr I St John – Medium

EveryDay Economics by K Shah & Dr I St John

Monopsony in Product Markets

A Monopsony in economics refers to a situation where one firm dominates the purchasing of a product in a market. Such Monopsonies are…

Dec 3, 2023

Monopsony in Product Markets

Dec 3, 2023

Around half of adults are buying less food:

Price Elasticity of Demand and Current Inflation

Jun 1, 2023

Around half of adults are buying less food:

Jun 1, 2023

Diamonds are extremely hard pieces of carbon generated over millions of years.

The following two charts show what has been happening to the diamond market. The total demand for natural diamonds had remained broadly…

May 7, 2023

Diamonds are extremely hard pieces of carbon generated over millions of years.

May 7, 2023

Food Price Inflation — and the Power of Supermarket Oligopolies.

If you buy food — and most of us do — you cannot help but notice the significant rise in prices. We know inflation is running high, but…

Apr 5, 2023

Food Price Inflation — and the Power of Supermarket Oligopolies.

Apr 5, 2023

What do Firms want to achieve? The sobering story of the overly successful Pret a Manger

In much of microeconomics we assume economic actors are seeking to maximise something. A consumer is assumed to be seeking to maximise…

Mar 5, 2023

What do Firms want to achieve? The sobering story of the overly successful Pret a Manger

Mar 5, 2023

The Market for Luxury Watches & Price Elasticity of Demand

Digital technology continues to transform so many areas of life and one of these is time itself. In the past, to know the time, we…

Dec 12, 2022

The Market for Luxury Watches & Price Elasticity of Demand

Dec 12, 2022

On the Perils of 99p Pricing

This Saturday’s Wall Street Journal has an excellent article by Josh Zumbrun on the pitfalls for the unwary shopper of a price ending in…

Nov 29, 2022

On the Perils of 99p Pricing

Nov 29, 2022

Game Theory, Oligopoly, and Christmas Advertising

https://www.google.com/search?q=john+lewis+christmas+advert+2022+youtube&rlz=1C1GCEA_en&ei=FRZxY7vxMtWBhbIP8J6o4As&oq=john+lewis+christmas+a…

Nov 13, 2022

Game Theory, Oligopoly, and Christmas Advertising

Nov 13, 2022

Twitter Blue? Economists have a name for that.

You will have no doubt seen that Elon Musk (the world’s richest man) has bought Twitter for the sum of $44bn (about £40bn).

Nov 3, 2022

Twitter Blue? Economists have a name for that.

Nov 3, 2022

What is causing inflation?

If you ask Google/Twitter/Any Newspaper … the answer appears to be “Ukraine”.

Jul 21, 2022

What is causing inflation?

Jul 21, 2022

EveryDay Economics by K Shah & Dr I St John

EveryDay Economics by K Shah & Dr I St John

Passionate about using economics to understand the everyday https://www.facebook.com/Everyday-Economics-104573444978165

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