The next stop on our Year 12 Recap is the microeconomic concept of the Price Mechanism.
If you are in Year 12, it is essential that you are confident with the basic principles and functions of the price mechanism to help understand how the interaction of demand and supply creates a prevailing equilibrium price and quantity.
If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool. XED and YED are additional elasticity tools you can call upon in an exam situation to demonstrate consumers demand sensitivity to changes in the price of related goods and household disposable income.
On day 5 of our Year 12 Recap, we are continuing the topic of elasticity!
If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool.
We have reached day 4 of our Year 12 recap already and we are moving in to the territory of elasticity.
If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool.
Today's Year 12 Recap is looking at the topic of supply curves. Supply curves provide economists with a graphical way of representing the quantity supplied of a good or service at any given price. Being able to understand the basic upward shape of supply curves and the distinction between a movement along the supply curve and a shift is a crucial skill amongst economists.
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.
EzyEdtech team
ezyeducation.co.uk
Address: Office C, Norland House, 9 Queensdale crescent, W11 4TL
I founded The Local Teachers Ltd in 2015, with the vision to make education more accessible and convenient locally. At the Local Teachers, we helped over 25,000 students in the last 8 years to boost their grades and help them go to their desired universities, we have fostered partnerships with 13 schools in London and 3 councils to help them support pupils with our intervention tuition programs in sciences, Mathematics and English.
With that same vision and passion, I have founded Ezy Edtech Ltd to purchase assets as part of the liquidation of EzyEducation Ltd via a CVL to make quality education more accessible in different ways.
That purchase transfers the rights of the EzyEducation website, courses, and high-quality book stocks of 10,000 with a commercial value of £5-10 per book to Ezy Edtech Ltd. The goodwill and support of ex EzyEducation employees has also been secured.
Moreover, we have renewed all suppliers’ contracts such as the Zapper app, which makes more accessible our revision pocket booklets by pulling the interactive videos lessons, and quizzes from our platform to iOS and Android devices which increasingly more and more students are relying on for their revision routines.
The EzyEducation platform and customer relationships benefited from £2.5m of investment and reinvested earnings. This means that Ezy Edtech bypasses the development costs usually associated with start-ups.
The platform is currently used by over 150 school users (subscriptions of £200,000 in 2019 and £130,000 during 2021 (revenue decreased due to COVID19 exam cancellations).
Although EzyEducation Ltd ceased trading on 14/12/2021 the platform has remained in use through this period with zero disruption for customers. Over this period, we had 188,543 sessions, 90,103 users, and 3.25 million hits. This continuation of user engagement is a clear indication of the success we can build on moving forward.
With that strong foundation for success, here are our short-term objectives.
Medium-term
I will share more details on our long-term goals, but for now, I would like to take this opportunity to thank our school leaders for their continued belief in our platform. I will do everything I can to make our platform more responsive to your needs.
Shabac Cabdilahi
Chairman and Managing Director
Ezy Edtech Ltd
0203 794 8137
