Economics Explained
Clear explanations of current economic events, written for A-level students studying AQA or Edexcel Economics. Each article shows how real-world examples can be used to understand economic theory, strengthen analysis and improve evaluation.
Types of Subsidies: How Do They Work in Different Industries?
Not all subsidies work in the same way. Using a dairy farmer, an electric-car buyer and a furniture manufacturer, we explore different types of subsidy, how they change incentives, who benefits and why governments introduce them.
Do Subsidies Improve Economic Welfare?
Do subsidies make society better off? Discover why they can create welfare losses, when they may correct market failure and why their effects depend on circumstances.
Baby Food Pouches: Why Demand Shifted Left
Negative media coverage about sugary baby food pouches caused branded baby food sales to fall sharply. This is a clear real-world example of demand shifting left, with useful links to substitutes, information failure, elasticity and government intervention.