Millions at risk due to lack of water.

A new global analysis has shown that 80% of the worlds population live in areas where fresh water supply is not secure.

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Supply - Extra Reading

Supply
Price Elasticity of Supply

Demand - Extra Reading

1. Demand
2. Price Elasticity of Demand
3. Cross Price Elasticity of Demand
4. Income Elasticity of Demand

UK boosted by increased overseas demand

Manufacturers in the UK have benefitted from increased demand from overseas. However, posivitive predictions of manufacturing output by the Engineering Employees Federation of 3.7% growth this year and 3.2% in 2011 has been tempered by fears that cutbacks in government spending could lead to less spending on schools, hospitals and social housing and lead to a double-dip recession.

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Equity, poverty and inequality

We started looking at this today in class but will finish it on Monday. Click on the link below for some extra notes.

Equity, poverty and inequality

Production Possibility Curves

I don't think we will start this this week but should you wish a bit of weekend reading, please feel free to click on the link below.

Production Possibility Curves

Food prices soar on back of wheat price increase

The UN Food and Agricultural Organization (FAO) says that world food prices have risen to their highest level in two years, partly as a result of a drought in Russia and government export restrictions which have led to a surge in the price of wheat.

Read the article below.

Wheat pushes world food prices up

Links to areas covered in next two days

On Thursday's lesson, we will be covering Economic Efficiency, Specialisation & Division of Labour and Productivity. I have attached some links to some pages which may be of help.

Economic Efficiency
Specialisation and Division of Labour
Productivity
Productivity (2)

We will be looking at Economic Systems on Friday and below is a link which may be useful for that lesson:

Economic Systems