This is the fifth in a series of short revision videos updating students on key recent developments in the UK economy in 2019. In this video we bring students up to date with the latest data concerning the UK’s external trade and current account with the rest of the world.
This is the fourth in a series of short revision videos updating students on key recent developments in the UK economy in 2019. In this video we update students on monetary and fiscal policy including the latest data on interest rates, quantitative easing, the budget deficit, national debt and yields on government bonds.
This is the third in a series of short revision videos updating students on key recent developments in the UK economy in 2019. In this video we take a quick look at the latest data for inflation and also the major developments in the UK labour market.
This is the second in a series of short revision videos updating students on key recent developments in the UK economy in 2019. In this video we look at developments in household spending and saving. What is happening to consumer confidence, borrowing and house prices? Should we be worried about the steep fall in the savings ratio?
This is the first in a series of short revision videos updating students on key recent developments in the UK economy. In this video we look at evidence in the Spring of 2019 showing that economic growth is slowing down and also that the trend rate of growth of real GDP / potential national output might also be weakening.
Here are some short video clips that I use when teaching the economics of public goods. Not all of them meet the characteristics of public goods and I ask students to explore why this is not the case - but also to consider the economics of "public bads" and how they might be avoided.
Here's this week's economics news quiz, including the new 'classroom mode' for teachers using the activity in class.
In this revision video we look at how to shape an answer to this synoptic essay question. "Assess the possible micro and macroeconomic impact of new regulation that every new house in the UK must have solar panels installed."
Here is a summary of interventions / strategies to encourage an expansion in the supply-side capacity of the UK renewable energy industry.
Here is a suggested answer to this question. "Evaluate the view that low pay in the UK labour market is a barrier to economic growth."
Here are some super short video examples of positive externalities in action!
In this revision video we look at a sample answer for an EdExcel Paper 3 question on the micro and macroeconomic impact of an energy price cap.
Cannabis in the UK is currently a controlled drug as classified by the Misuse of Drugs Act 1971.Would legalising cannabis for recreational and medicinal use lead to an improvement in social welfare?
Here are four 'Concentration' quizzes for microeconomic topics at GCSE. In each activity, you will find 12 cards faced downwards. You must reveal two at a time and try and match a key term with an example or a definition. If the two revealed cards do not match then they are turned back over. Can you memorise where each card is situated? Try and complete the activity with the fewest incorrect ch...
Here's this week's economics news quiz. From this week on, we've included a 'Classroom mode'. Now teachers can show all 10 questions in a classroom environment before revealing the answers. Be sure to use the 'Open presenter view' to maximise the size of the quiz on screen.
Here are some analysis and evaluation paragraphs addressing this question "Examine two policies that a government might use to tackle labour market immobility."
Here is a selection of some of the important taxes in the UK and other countries. A great starter activity when revising taxation as part of fiscal policy.
Here is a worked example of analysis and evaluation paragraphs to this question: Examine two factors that might influence the wage elasticity of demand for labour in different industries & occupations.
The Right to Buy Scheme was introduced by Mrs.Thatcher in 1980 and was designed to get council house tenants on the housing ladder. I should know: my grandparents bought their house this way.
For anyone wishing to have an in-class discussion or analysis of today's Spring Statement delivered by Chancellor Philip Hammond, here is a Powerpoint summary of the key points. The information is taken directly from the Government's website.
Economics does not pretend to provide all the answers. But, perhaps surprising to some, it has a lot of useful insights to offer on crime.
Here is an example answer to a question assessing the strength of there case for a charge / tax on single-use disposable coffee cups. We build analysis and evaluation paragraphs.
Smart speakers are in and envelopes are out of the revised basket of goods and services used to calculate the consumer price index.
Quantitative easing (QE) is an unconventional form of monetary policy that has been used in a number of countries over the last decade.
Another Brexit story - but with a remarkable angle this time. This BBC piece looks at the potential impact of Brexit on the Kenyan flower trade, not a link that's immediately obvious.
The issue of increasing female participation is often seen as exclusively something to do with developing economies, but, as this article proves, it also affects developed economies.
Here's this week's Economics news quiz. Good luck!
Essential reading for both Economics and Business Management students alike: it looks at the rise of the discounters and how Aldi took on, and started to beat their complacent established rivals, reducing profit margins in the sector, reshaping shopping patterns, increasing choice and efficiency.
A fresh Mintel survey looks at the power of Amazon. It is staggering - 90% of UK shoppers use it, 25% of shoppers are Prime customers. That equates to 15 million Prime customers. Wowsers! Is Amazon unbeatable?
Good news for development in copper-rich Zambia - one of my favourite sub-Saharan nations. The World Bank and Zambia have renewed the Country Partnership Framework (CPF) focusing on specific developmental objectives.
The UK economy is slowing down nearly nine years after the end of the last recession. Growth has been weakening since 2014 and in 2018, real GDP increased by just 1.4%, the lowest pace of expansion since 2012.
Privatisation means the transfer of assets from the public (government) sector to the private sector. Countries that pursue privatisation are adopting a market-oriented approach to development.
The Economics profession needs great diversity not least in supporting and celebrating the research and policy work from leading female economists.
Just marvel at the majesty of Beijing's new airport, and the statistic that China pours "more concrete every two years than the US did in the entire 20th century".
This IMF clip highlights the important linkages between gender equality and economic growth - with Era Dabla-Norris highlighting the fact that women are under-represented in the labour market in general, and also in senior positions.
Tesla is seen as the market leader in the electric car market, and yet the company has seemed to lurch from minor hiccup to minor hiccup.
A big boost for the Cypriot economy, with the news that ExxonMobil has discovered large natural gas deposits. You should be able to think of the possible benefits of this for the supply-side and, by definition, LRAS.
There are many ways in which interventions might be used to address one or more causes of environmental market failure.
Here's this week's Economics news quiz. Good luck!
This short revision video considers a chain of analysis and some evaluation approaches to this question: "Assess the case for introducing rent controls in the UK."
This study note looks at the measurement of low pay
Here is a collection of recent news videos covering negative externalities from production and consumption.
In this revision video we consider some of the strategies that might be effective in controlling the monopsony power of businesses such as multinational coffee roasters and giant retailers including Amazon and the major supermarkets.
Here is a conversation between Harvard political philosopher Michael Sandel and Harvard economist Greg Mankiw who discuss the role of government, morality, and markets in public health including a debate about whether there should be a free market in kidneys.
Test your general knowledge on some of the biggest players in different parts of the UK financial system with this Quizlet revision activity!
This BBC Reality Check clip looks at the impact of Netflix on the cinema industry - and represents a way into a lot of issues. Innovation, theory of the firm, cross price elasticity of demand, and so on.
In this video we look at sources of timely data that students might use when building country profiles of emerging and developing nations that they are interested in as helpful preparation for A Level economics.
The Human Development Index is is a composite index measuring average achievement in three basic dimensions of human development that tracks progress in providing a long and healthy life, improved knowledge and a decent standard of living.
EU competition authorities suspect that there's something fishy goingon in the market for farmed salmon, and have raided a number of producers in Norway, the Netherlands and Scotland.
This short revision video looks at a sample exam answer to a question about the economic impact of increasing an import quota.