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.
How Does a Tariff Work? The Tariff Diagram Explained
Learn how a tariff changes the standard world-price diagram by raising the domestic price, increasing domestic production, reducing consumption and cutting imports.
World Price and Imports Explained: The Economics Before a Tariff
Understand what economists mean by the world price, why imports arise, and how domestic demand and supply create the import gap before a tariff is introduced.