Here is an overview of some key results statistics for A Level Economics in 2018.
This article from the BBC on the provision of public toilets struck me as an interesting talking point for students of economics (okay, you may not agree!).
Here is a key topic revision checklist & knowledge organiser for the Edexcel A Level Economics (A) specification. Use this document to help check the completeness of your notes and plan revision ahead of Year 13 mocks and the real exams in the summer!
Here is a key topic revision checklist & knowledge organiser for the AQA A Level Economics specification. Use this document to help check the completeness of your notes and plan revision ahead of Year 13 mocks and the real exams in the summer!
A number of new books make it into my personal selection of enrichment and extension reading for A Level Economists.
The BBC's History Extra Channel has published a listing of one hundred women cited for their notable contributions to the worlds of science, politics and much else besides. Linda Yueh was asked to nominate ten women in the arena of business and economics and this link takes you to her selection and some commentary on each.
The Wall Street Journal explores some of the possible effects of the tariffs on cars coming into the US and argues that lessons from the oil shocks of the 1970s and 1980s provide some important pointers as to the likely impact.
A timely and pertinent discussion on the future for the water industry. Faiza Shaheen and Robert Colvile discuss on BBC Newsnight whether water companies should remain privatised or become nationalised instead.
How effective is aid in promoting economic growth and targeting extreme poverty reduction?
A new and important report from the Joseph Rowntree Foundation finds that people in low-income neighbourhoods are willing to travel to work but find commuting options constrained by unaffordable or unreliable public transport. Often, the cost of getting and from work is prohibitive for people in relatively poorly paid jobs.
A recent (BBC) Panorama programme focused on the chasm in years of healthy life expectancy within regions of the UK. It makes for difficult viewing but raises really important issues for public policy. The life expectancy gap between rich and poor people in England has been widening for 20 years.
Here is the first of a series of four new economics podcasts from the BBC. Economics with Subtitles is your everyday guide to economics and why you should care. Click here.
In the company of Paul Krugman, Stephen Colbert asks some searching macroeconomic questions!
The issue of the amount of tax that Amazon pays is a vexed one. Profits have risen in the UK, but Amazon UK are paying less tax to the Treasury - how can this happen?
Inclusive development considers whether development progress is sufficiently widespread for the majority of a population to benefit
Economics teachers in the UK are invited to apply to join the Teacher Judging Panel for the RES Economics Essay Competition 2018. Judging will take place on Monday 3rd of September at the Holiday Inn Kensington Forum (Cromwell Road), London. It involves a team of around 20-25 Economics teachers reading through every entry to the competition followed by further re-reading and shortlisting of en...
Here's a bit of fun to celebrate Yorkshire Day on the 1st of August. Today is the day that the nation celebrates all things wonderful about the county of Yorkshire.
Travelling along highway BR-163, this is a remarkable story of powerful agro-food multinationals, the battle against illegal deforestation and mining, communities attempting to build resilience and the challenge of overcoming corruption: A fantastic photo-essay that covers so many aspects of growth and development economics and is jam-packed with compelling images to support the journalistic jo...
A short revision video on the importance of infrastructure spending for both aggregate demand and long run aggregate supply. Economic growth places rising demand on a country's infrastructure assets and the UK is ranked only 28th out of 138 countries globally for the perceived quality of our transport, telecoms, power and other critical infrastructure.
The pursuit of individual self-interest is often not good for social efficiency leading to the long term depletion of resource. This short revision video looks an an example of the tragedy of the commons and also mentions the insights of the Nobel prize-winning economist Elinor Ostrom who understood how communities can create their own rules and institutions to manage their common pool resource...
Conflict, corruption and poor governance can have hugely damaging effects on a country's growth rate and development potential. One of the Sustainable Development Goals is (by 2030) substantially reduce corruption and bribery in all their forms.
The unequal opportunities available to hundreds of millions of women around the world represent one of the biggest barriers to growth and development.
Many developing countries face a big imbalance between inflows and outflows of foreign currencies. A foreign exchange gap happens when currency outflows persistently exceed currency inflows
In this piece for the Harvard Business Review, Linda Yueh argues that "the greatest economists in history would be wary of imposing import taxes to address a trade imbalance."
A new paper from Princeton economist Jan De Loecker finds that the mark ups (profit margins) of the world's largest global companies has been increasing raising fresh concerns about the impact on consumer welfare especially given the background of endemic corporate tax avoidance. The research finds that while global average markups were less than 10% in 1980, they were at almost 60% in 2016.Cl...
Many students are taught and/or implicitly assume that deregulation is a supply-side policy designed to unleash innovation, drive market entry and stimulate growth. In this piece for Project Syndicate, Professor Diane Coyle argues that there are three important channels through which regulation can benefit an economy and in doing so, provides some important evaluation strands for A-level econom...
The provenance of products is increasingly important for consumers - consider for example growing demand for fish caught from sustainable sources. But what about the origin of the charcoal in your disposable BBQ?
Take a moment to consider what the term 'working homeless" means in the context of Britain in 2018. These are people with a job, often full-time but on well below median earnings. According to a new report from the housing charity and pressure group Shelter, more than half of homeless families across England are in work but soaring rent and a lack of social housing are pushing them into tempora...
This revision video takes students through a worked example of comparative advantage and the potential gains from specialisation and trade at a mutually beneficial terms of trade between two countries.
Here is an interviewwith the Nobel Prize winner Al Roth from Stanford who discusses the importance of market design and some of the ethical issues surrounding "repugnant markets."
Here's this week's economics news quiz. Good luck!
Yesterday’s ruling from the European Commission that will result in Google receiving a record-breaking fine of €4.3bn for unfair practices is an absolute goldmine of a case study for students looking at market structures.
Following the 1994 lifting of US trade sanctions against Vietnam, the share of US exports going to its former enemy was higher and more diversified in states with larger populations of Vietnamese immigrants. That is the central finding of research by Christopher Parsons and Pierre-Louis Vézina, published in the Economic Journal.
At a time when fights over migration are dividing rich countries and fracturing their politics, a study published in the Economic Journal sheds light on a ‘path not taken’.
The recent surge in remittances from migrant workers to their native countries may be overestimated, according to research by Michael Clemens and David McKenzie, published in the Economic Journal.
Here is a superb article on the growth of the life sciences and agricultural technologies industries in and around Cambridge - a tremendous example to use of the benefits of agglomeration economies, but also the challenges of a fast-growing population including worsening housing affordability and pressures on transport infrastructure. The risks of a hard Brexit are also apparent as you expect.
Here are details of the annual LSE Economics Society essay competition - another excellent enrichment opportunity for ambitious student economists. Deadline for entries is 1st August 2018.
Game theory is the study of how people and businesses behave in strategic situations (i.e. when they must consider the effect of other people’s responses to their own actions). There are various types of games that might be studied.
Here's this week's economics news quiz. Good luck!
Here's 5 minutes of (educational!) fun for your classroom to celebrate the World Cup semi-final between England and Croatia on the 11th July.
Here's an interesting article from the BBC for anyone wishing to illustrate the concept of relative poverty. The article, which highlights a report from the US Department of Housing and Urban Development, discusses how families based in San Francisco who earn the equivalent of nearly £88,000 a year may be classified as 'low income'.
It is the time of year when teachers might be reviewing resources and schemes of learning in preparation for September (or having a well deserved rest!)
As of this week, the ONS is to start publishing GDP data for the UK economy on a monthly rather than quarterly basis. Although this change seems relatively minor, the availability of data is important for policy makers. It would seem that, especially over the coming months as the UK moves towards an exit from the EU, decision making will be more difficult (in terms of forecasting outcomes) and ...
Here's this week's economics news quiz. Good luck!
Why is it that many mergers and takeovers fail to achieve the gains / benefits claimed before the integration took place?
This study note looks at some of the causes of shifts in the supply of labour to an occupation / industry.
The basic idea behind loss aversion is that people feel losses much more than gains.
The yield on a government bond is the interest rate paid to holders of the bond (creditors) by the borrower (debtor). It can vary greatly across countries depending on the macroeconomic circumstances.
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.
Most resources are finite and we cannot produce an unlimited number of different goods and services