This presentation reviews an article from BBC news titled 'trampoline prices to soar 50% on shipping costs' and links the impacts of Brexit over the shipping industry with microeconomic theories. The article highlights the increase in transportation cost, which increases the overall cost of the product, leading consumers to shift towards alternatives. The impact of Brexit and pandemic were the same over the domestic ports, and it is hard to distinguish between the two.

Trampoline prices 'to soar 50% on shipping costs'

Review the article on the BBC webpage about trampoline prices soaring due to high shipping costs and port congestion, and analyze the microeconomic concepts underlying the discussion.

This presentation reviews an article from BBC news titled 'trampoline prices to soar 50% on shipping costs' and links the impacts of Brexit over the shipping industry with microeconomic theories.

Article Review - Economic Concepts and Models

This article review discusses the impact of Brexit on the shipping industry using economic concepts and models such as demand and supply and costs and production. The article highlights the increase in transportation costs, the fall in the value of the British Pound Sterling, and the increase in delivery time and cost. The review also discusses the implications of Brexit on imports and exports, VAT, and foreign direct investments.

Political Science

Economic Concepts and Models: A Review of the Impact of Brexit on the Shipping Industry

This article review focuses on economic concepts and models, specifically microeconomics, demand and supply, and elasticity. It analyzes a BBC article about the rising cost of trampolines due to shipping costs and Brexit impact. The presentation concludes with a discussion on the factors that affect demand and supply elasticity and price elasticity of supply.

Hartpury University and Hartpury College

Article Review Economic Concepts and Models

This presentation discusses the impact of shipping cost on trampoline prices and covers microeconomics concepts, market structure, elasticity, and supply.

Economic Concepts and Models: Impact of Shipping Cost on Trampoline Prices

This article review discusses the impact of shipping costs and port congestion on trampoline prices, and applies two economic theories - demand and supply theory and market structure theory - to analyze the issue. The presentation concludes that the market structure of Outdoor Toy retailer is perfectly competitive market where the company has no control over the price of its products.

Economics

Economic Concepts and Models: A Review of the Impact of Shipping Costs on Trampoline Prices

This presentation discusses the impact of Brexit and COVID-19 on shipping costs and port congestion, focusing on the rising prices of outdoor toys due to high transportation costs and port congestion. Microeconomic concepts such as demand and supply, market structure, costs and production, economic profit, and elasticity are discussed.

Impact of Brexit and COVID-19 on Shipping Costs and Port Congestion

Micro Economics

This presentation discusses the impact of shipping prices on trampoline manufacturing using microeconomic theory and market structure. It includes a case study about a toy shop owner, theories such as market structure and cost of production, and application of theory. The presentation also highlights the changes observed by companies due to the pandemic and Brexit.

Article Review - Economic Concepts and Models

End of preview

Economic Concepts and Models: A Review of the Impact of Brexit on the Shipping Industry

Article Review Economic Concepts and Models

Economic Concepts and Models: Impact of Shipping Cost on Trampoline Prices

Economic Concepts and Models: A Review of the Impact of Shipping Costs on Trampoline Prices

Impact of Brexit and COVID-19 on Shipping Costs and Port Congestion

Microeconomic Theory and Market Structure: A Case Study on the Impact of Shipping Prices on Trampoline Manufacturing

Article Review - Economic Concepts and Models

End of preview

Economic Concepts and Models: A Review of the Impact of Brexit on the Shipping Industrylg...

Article Review Economic Concepts and Modelslg...

Economic Concepts and Models: Impact of Shipping Cost on Trampoline Priceslg...

Economic Concepts and Models: A Review of the Impact of Shipping Costs on Trampoline Priceslg...

Impact of Brexit and COVID-19 on Shipping Costs and Port Congestionlg...

Microeconomic Theory and Market Structure: A Case Study on the Impact of Shipping Prices on Trampoline Manufacturinglg...

Economic Concepts and Models: A Review of the Impact of Brexit on the Shipping Industry

Article Review Economic Concepts and Models

Economic Concepts and Models: Impact of Shipping Cost on Trampoline Prices

Economic Concepts and Models: A Review of the Impact of Shipping Costs on Trampoline Prices

Impact of Brexit and COVID-19 on Shipping Costs and Port Congestion

Microeconomic Theory and Market Structure: A Case Study on the Impact of Shipping Prices on Trampoline Manufacturing