In the News
Olive Oil Prices Climb due to Summer Shortages
Graham Watson
7th December 2023
This BBC News clip looks at how a drought in Spain has affected olive harvests, and, by definition, the price of olive oil. It's classic demand and supply material, and there's lots of opportunity to consider the effects of the supply side shock on all stakeholders including Spain's largest producer cooperative. Spain is Europe's largest producer and exporter of olive oil.
- Economics
- Blog
- In the News
- Price Mechanism
- Incentive function
- Signalling function
- Price signals
- Price Volatility
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
You might also like
Australian wine cheaper than bottled water
31st December 2014
Your Full English Breakfast is Getting Cheaper!
11th September 2015
Ticket prices, fairness and behavioural economics
18th February 2016
Changing Market Prices (2) MCQ Revision Question
Practice Exam Questions
Non-price competition - innovation and exclusivity from M&S
8th December 2017
Introduction to Subsidies (Online Lesson)
Online Lessons
Free Markets
Topic Videos