A2 Macroeconomics: Economic effects of a revolution

Egypt is a medium income country. Important economic sectors include tourism and manufacturing.
The political uncertainty that goes with the regime change over the summer of 2011 has caused difficulties: tourists stay away, manufacturing orders are so low that there is 50% spare capacity, Egyptians abroad are not sending as much money back home (you will hear the term remittances mentioned, these have fallen), preferring to keep their money in safer currencies for now. With neighbour Libya also in political disarray, there is a net outflow of money - Egyptians helping those in even worse political circumstances.
Link to video

http://video.ft.com/v/946281124001/The-costs-of-Egypt-s-revolution

AS Microeconomics: factors of production

What do you need to make orange juice?



Watch the video clip and then decide what factors of production were involved in the making of orange juice.

Here is a list of many of the scarce resources that are used to produce cartons of orange juice. Draw three columns and label them natural resources, human resources and man-made resources, and then decide in which column each item should go.


Telephones
Advertising people
Cotton for clothing
Fertile soil
Squeezing machines
Orange pickers
Packaging machines
Packaging designers
Calculators
Water
Bank clerks
Oil
Lorries
Printing machines
Peeling machines
Orange trees
Economists
Power stations
Coal
Warehouse workers
Lorry drivers
Wood
Shops
Ship’s crew
Factory buildings
Drink tasters
Insecticide sprays
Oranges
Roads
Accountants
Shop assistants
Dock workers