A2 Micro and Macro: The Economics of the Bubble

Great couple of radio programmes here from the BBC World Service looking at the economic effects and reasons for the “skyrocketing prices of the world’s basic goods.” In our globalised world, our economies are more inter-dependent than they ever have been and the rise in price of various commodities, from oil and copper to sugar and wheat have increased inflation in countries all over the world and these price rises have possibly played a role in toppling governments in the Middle East and North Africa more recently. These programmes look at the reasons behind such price volatility.