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Posts By: peter
Economist Jokes
These jokes will hopefully cheer you up when the Dismaland is getting you down! Please send any new ones to me….
Read MoreWelcome to Peped!
Welcome to the Economic Investigations website! We hope that you find it useful. The site is an ongoing project which will…
Read MoreHandout: Short Run Production Theory
http://www.slideshare.net/salasvelasco/microeconomics-production-theory Production theory shows us how different combinations of factors produce a level of output in the short and long run….
Read MoreArticle: Is Monopoly Bad?
source According to dictionaries, the term monopoly means “exclusive control of a commodity or service in a given market.” Monopoly and…
Read MoreCore Concept 3: Rationality
Classical economic theory assumes a certain model of rationality: that utility-maximising consumers interact with profit maximising producers. We call this rational…
Read MoreExtract: Mergers brewing in the Beer Market (2015)
source BBC September 19th, 2015 The prospect of a tie-up between the world’s two largest brewers is looming after Anheuser-Busch InBev said…
Read MoreExtract: How OPEC Determines the Price of Oil
source: EI Economic Review 2014-15 by Peter Baron
Read MoreSummary: Concentration ratios in UK Industry
source Economic Trends 2006 Here are the top ten industries by concentration (GVA stands for Gross Value Added). All have concentration ratios…
Read MoreStart Here: Market Structures
You could look at the mobile phones market, the Banking Sector or the Oil market – to cite just three markets…
Read MoreExtract: Phones4u collapse exposes Oligopoly Power
source The mobile phone market is in the top ten most concentrated industries in the UK (joining banking, accountancy, retailing and…
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