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	<title>A-Level.EconoRef</title>
	<link>http://a-level.econoref.net</link>
	<description>An A-Level Economics Reference</description>
	<lastBuildDate>Tue, 11 Jul 2006 16:59:58 +0000</lastBuildDate>
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	<item>
		<title>Road and Rail: Economics?</title>
		<description><![CDATA[Over in New Zealanad, there&#8217;s heavy discussion over whether the Government should promote rail use, or stick with roads as the primary traffic medium. But when Mayor Les Probert of Wairoa was asked about the issue, he responded that the whole problem boils down to plain economics. What did he mean?
Well, in the A-Level syllabus, [...]]]></description>
		<link>http://a-level.econoref.net/blog/road-and-rail-economics/</link>
			</item>
	<item>
		<title>You Can&#8217;t Always Judge Something by Its Price</title>
		<description><![CDATA[Fundamental demand and supply theory implies that the final price of a good displays the value placed on it (and thus, satisfaction gained) by consumers. If the retail price of a good is higher than the value placed on it by consumers, quantity demanded will fall, and thus, in theory, price would automatically fall to [...]]]></description>
		<link>http://a-level.econoref.net/blog/you-cant-always-judge-something-by-its-price/</link>
			</item>
	<item>
		<title>The Economics of F1 Racing</title>
		<description><![CDATA[In A-Level Economics, we learn about the relationship between labour and their employers (firms). We learn about labour unions and monopsonies. More specific to today&#8217;s theme, we learnt that labour unions command substantial power when they form a majority and can make credible threats to firms. 
When workers deem as a whole that they are [...]]]></description>
		<link>http://a-level.econoref.net/blog/the-economics-of-f1-racing/</link>
			</item>
	<item>
		<title>Orthodox Economics: No Need for More Science</title>
		<description><![CDATA[Part and parcel of studying or having studied economics, whether at A-Level or in university, is being involved in an ongoing debate of whether economics is more art or science. But unlike many decades back, modern day detractors of orthodox economic principles (i.e. &#8220;standard economic theory&#8221;) no longer simply say that economics is too abstract [...]]]></description>
		<link>http://a-level.econoref.net/blog/orthodox-economics-no-need-for-more-science/</link>
			</item>
	<item>
		<title>What is Economics?</title>
		<description><![CDATA[As I refresh my knowledge on the vast, yet somehow focused subject that is economics, I&#8217;ve often wondered whether I could answer what the hell economics actually is off the top of my head. When I think about it, I&#8217;ve actually studied Economics at O-Levels, and recently, A-Levels, and am about to embark upon a [...]]]></description>
		<link>http://a-level.econoref.net/blog/what-is-economics/</link>
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