Today's Year 12 Recap is looking at the topic of demand curves. Demand curves provide economists with a graphical way of representing the quantity demanded of a good or service at any given price. Being able to understand the basic downward shape of demand curves and the distinction between a movement along the demand curve and a shift is a crucial skill among economists.  

With the June exam series fast approaching, the first day of our Year 12 Recap looks at the most fundamental topic of economics: the aptly named ‘The Economic Problem’. The Economic Problem asks the question “How do we satisfy an unlimited set of wants and needs when we only have access to a limited, set of resources?”. This underpins the reason why a lot of topics in economics are studied – for example, efficiency concerns how well resources are used; this would not be a prominent concern if resources were not scarce. 

The Ezy Edtech ltd team are greatly saddened by the news of the death of Her Majesty Queen Elizabeth II. During her reign of over 70 years as Britain’s longest serving monarch, her sense of duty and loyalty to her role was a shining example to everyone. She was admired by, and inspirational to, so many people across the world in the way she carried out her royal duties with dignity, grace, humour, and compassion. She will be sadly missed.   

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