Here is a suggested essay answer to this synoptic question: "Evaluate the micro and macroeconomic effects of the UK government ending subsidies to farmers."
Here is a revision video from our recent revision webinar which takes a synoptic perspective on the renewable energy industry. Some additional study notes are also provided below.
Here is a video recording of the revision webinar on aspects of the Gig Economy. I have also provided detailed notes from the session.
Here are the slides and videos from our revision webinar covering some aspects of Brexit relevant to A level economics students. In particular there is a focus on synoptic connections to micro and macro consequences.
Linda Yueh reflects on some of the key challenges facing globalisation in this highly relevant article for Year 13 Economists.
An interesting story today, arguing that the government's clean air targets for cars are actually too lax, and compared with some nations initiatives, this would seem to be the case.
This short revision video for A Level Economics students looks at some of the latest data from the UK economic wellbeing dashboard.
They have just arrived in the Tutor2u office available for immediate dispatch! This series of example essays for A Level Economics covers advanced macroeconomic policies. Lots of really interesting titles!
Google is revamping their You Tube music service to take on Spotify. 85% of You Tube users listen to music for free so can they successfully get people to pay for a music streaming subscription service?
Here are details of a fantastic new challenge from the CORE Economics team in partnership with the Financial Times.
Here's a 5 minute activity you might to try as a classroom activity or as homework wen revising aggregate demand and supply. Find the 4 connections between the 16 phrases on screen. Connection Wall - Aggregate Demand and Aggregate Supply
Find the 4 connections between these 16 key terms/phrases.
Here is a selection of tweets drawing on my reading of the 2018 IMF Report on Sub Saharan Africa. James hall (All About Africa) is also superb to follow for contextual examples.
Here is a short update on the latest inflation data for the UK economy ahead of the summer 2018 economics exams.
Here is an update on changes in the UK employment rate in recent years together with a quick revision summary of some of the key policies designed to increase employment.
Here is a quick update on the key unemployment and employment data for the UK economy ahead of the June 2018 Economics exams. Designed to provide some context for students to use in essays.
Here is a suggested answer to a synoptic essay question on the UK motor industry. Examine the microeconomic and macroeconomic influences on the international competitiveness of the UK motor vehicle industry.
This revision video assesses some of the arguments for and against taking the UK rail industry into state ownership.
A little World Bank clip emphasising the importance of institutions in fostering development in Vietnam. Institutions are key drivers of growth, and, development, and a hot topic for development economists. Have a think about what sort of institutions are vital...
The excellent Gwyn Topham-Hatt writes in the Observer, highlighting the reason why the Virgin East Coast rail franchise collapsed. The company worked on the basis that passenger numbers were expected to continue to increase - showing the dangers of simply extrapolating from past trends into the future - and again raising the question whether private sector companies that make this sort of misju...
Excellent for Theme 4 macroeconomics! In the last few years the pace of trade liberalisation has almost ground to a halt; to kick start global growth we need more free trade according to Ian Stewart from Deloitte.
Reservation prices (how much would you need to be paid to give up Facebook for a month) and consumer surplus from Instagram - some wonderful applied micro here for economics students of all ages!
Here's this week's economics news quiz. Good luck!
Yesterday the Transport Secretary Chris Grayling announced that the East Coast main line was to be taken back into public ownership. The FT have released a fantastic video that asks the question; "Why did we sell off the railways?" This should be a useful topical revision resource that will no doubt help students when preparing for the upcoming year 2 micro and synoptic exam papers....
Here are ten more practice essay titles that might be worth planning and writing under timed conditions:
Here are eight more synoptic practice questions for Paper 3 Edexcel.
The Windrush scandal still bubbles away. The bureaucrats in the Home Office are being condemned for their harsh behaviour. But they are simply reacting in a way entirely compatible with the economic theory of rational choice.
Here is an example of a chain of analysis on how a fall in trade union membership might affect real wages and employment in the labour market.
Here is an example of a chain of reasoning on the economic arguments for and against fiscal austerity
Here is an example of a chain of reasoning on the macroeconomic impact of a fall in world crude oil prices
Here is a short video looking at building a chain of reasoning to this question "Assess the likely micro and macroeconomic impact of technological change in a developed country of your choice."
What's not to like? Development, technology and micro-credit in one clip. This International Finance Corporation clip looks at how digital credit has helped small-scale entrepreneurs in Madagascar.
It can be very hard to measure the impact of government spending on healthcare, and the effect that it has on the living standards in a country. New data from the Institute of Health Metrics and Evaluation has been interpreted into nine charts, showing how life expectancy has changed across the globe in the last 25 years, and the main causes of changes in individual countries. This relates to c...
At the beginning of this half term, we were fortunate to host Mauricio Armellini, one of the Bank of England’s North East agents.
When Dean Baker, Linda Yueh, Tim Harford and Diane Coyle contribute to an article highlighting what they feel are the most important economics books to devour - for students and lay people alike - then you know that this piece is well worth dipping into! Click here.
Exam boards all say that clear chains of reasoning using connective words and phrases really help students to get better marks for analysis.
The sustained rise in property prices and average rents has caused housing affordability in the UK to worsen considerably in recent years.
Here is a suggested answer to a question on minimum price for alcohol. "Assess the view that a minimum price on alcohol is likely to be an effective and equitable intervention to curb externalities from drinking."
Here is a recording of our special 30 minute webinar on the UK economy covering lots of current issues and developments, ideal we hope to build confidence in understanding what the data shows and how you can add context to your exam answers.
The FT reports from Sweden, a country that could become completely cashless by 2025 - what are the benefits and costs of a decisive move towards a cashless society?
Here's this week's economics news quiz. Good luck!
I'm just starting to teach labour market economics to my Year 12 Economists. Here is a ten question quiz I used to kick off our discussions to give them some introductory perspective.
Here are some thoughts on constructing an answer to this question: "Evaluate the likely micro and macroeconomic impact of a decision by the UK government to introduce a tax on carbon emissions."
The ONS has published a series of data tweets supporting the view that the introduction of auto-enrolment into workplace pension schemes has been a success in increasing the number of people with an occupational pension. I've added them to this blog in part because there is a clear step change in pension participation, the longer term effects remain to be seen. Many people contribute at low lev...
Here is our regular update on key indicators for the UK economy as we focus on the state of play for the UK two years after the Brexit vote and eight years on from the end of the recession.
In the 20th and final MCQ blast of our 2018 series, we look at fifteen macroeconomics questions including some that test understanding of economic data. Have a go to check and improve your understanding!
Are you a fan of Quizlet as a low-stakes way of revising core content for your exams? We have put together our growing collection of Economics quizlet resources into one folder to help! Click here
A hat tip to Jon Inge who spotted this Business Insider report on a visit to the FoxConn complex 20 miles outside downtown Zhengzhou where more than half of the world's iPhones are assembled by a workforce in excess of 350,000 people. The scale of the operation is staggering, the lives of those who work long hours is more predictable but sobering nonetheless.
Although many of the broad approaches to economic growth and development are “top-down" in nature – for example an ambitious government strategy to increase productivity or attract foreign direct investment projects – there has been growing interest and investment in a bottom-up or grassroots approach to enterprise and innovation supported by the micro-finance industry
Super short video from Project Syndicate on whether GDP as measurement tool has reached the end of a long run.