The BBC reports the demise of the Hummer
http://news.bbc.co.uk/1/hi/business/8536360.stm
a) Explain, using the theory of what determines demand, why demand for the Hummer has fallen to the extent that GM is stopping production
Saturday, February 27, 2010
Unit 2: Decreasing investment in the UK
Anforme report decreasing investment in the UK
http://www.anforme.co.uk/blog/?p=1203
a) To what extent will this 24% decrease in investment effect the level of aggregate demand in the economy?
http://www.anforme.co.uk/blog/?p=1203
a) To what extent will this 24% decrease in investment effect the level of aggregate demand in the economy?
Unit 2: Unemployment rates in various countries
Tutor2u has this "play your cards right" unemployment game
http://www.tutor2u.net/blog/images/uploads/Unemployment_-_Play_your_cards_right.ppt
http://www.tutor2u.net/blog/images/uploads/Unemployment_-_Play_your_cards_right.ppt
Tuesday, February 23, 2010
Unit 1: Revision: Positive externalities
Tutor2u provide this useful powerpoint presentation
http://www.tutor2u.net/economics/presentations/aseconomics/marketfailure/PositiveExternalities/player.html
http://www.tutor2u.net/economics/presentations/aseconomics/marketfailure/PositiveExternalities/player.html
Unit 1: Revision: Public goods
Tutor2u provide this revision powerpoint
http://www.tutor2u.net/economics/presentations/aseconomics/marketfailure/PublicGoods/player.html
http://www.tutor2u.net/economics/presentations/aseconomics/marketfailure/PublicGoods/player.html
Thursday, February 18, 2010
Unit 2: An unclear picture on UK unemployment
The BBC and anforme report differing signals from the latest figures
http://news.bbc.co.uk/1/hi/business/8520256.stm video
http://news.bbc.co.uk/1/hi/business/8519647.stm article
http://www.anforme.co.uk/blog/?feed=rss2
a) Why might the LFS figures underestimate the real unemployment figures?
http://news.bbc.co.uk/1/hi/business/8520256.stm video
http://news.bbc.co.uk/1/hi/business/8519647.stm article
http://www.anforme.co.uk/blog/?feed=rss2
a) Why might the LFS figures underestimate the real unemployment figures?
Wednesday, February 17, 2010
Unit 2: Supply side policies in China; encouaraging entreprenneurs
A post from tutor2u , with an audio clip on Supply side policies in China
http://www.tutor2u.net/blog/index.php/economics/comments/supply-side-stimulus-for-the-chinese-economy/
http://www.tutor2u.net/blog/index.php/economics/comments/supply-side-stimulus-for-the-chinese-economy/
Unit 2: Rising inflation in the UK
A good summary from the BBC and anforme
http://news.bbc.co.uk/1/hi/business/8519194.stm video
http://news.bbc.co.uk/1/hi/business/8517156.stm article
http://www.anforme.co.uk/blog/?p=1110
a) What type of inflation is the economy currently suffering?
b) Who wins and who loses in the UK economy when there is inflation?
c) To what extent is inflation at 3.5% a problem for the UK economy?
http://news.bbc.co.uk/1/hi/business/8519194.stm video
http://news.bbc.co.uk/1/hi/business/8517156.stm article
http://www.anforme.co.uk/blog/?p=1110
a) What type of inflation is the economy currently suffering?
b) Who wins and who loses in the UK economy when there is inflation?
c) To what extent is inflation at 3.5% a problem for the UK economy?
Unit 2: How does the government finance a budget deficit?
The answer can be found in this great little video from the BBC
http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8498299.stm
http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8498299.stm
Monday, February 15, 2010
Unit 2: The effects of a fall in the value of the £
A good 2-sided article from tutor2u looking at the positive and negative effects of a fall in the value of the £; this is how to evaluate!
http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-sterling-and-the-uk-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:18:53:00Z
http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-sterling-and-the-uk-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:18:53:00Z
Thursday, February 11, 2010
Unit 2: UK inflation data
A chart from Volterra showing UK inflation over the last 7 years. Note when it goes outside the limits (2%+ or- 1%)
http://www.volterra.co.uk/custompage/einsight-0210.php#einsight0210_3
http://www.volterra.co.uk/custompage/einsight-0210.php#einsight0210_3
Unit 2: GDP growth in the UK over the past secade
A useful chart from Volterra
http://www.volterra.co.uk/custompage/einsight-0210.php#einsight0210_1
a) describe the pattern of growth in the UK over the period shown
b) In which quate of which year would the UK have had the highest GDP figure
http://www.volterra.co.uk/custompage/einsight-0210.php#einsight0210_1
a) describe the pattern of growth in the UK over the period shown
b) In which quate of which year would the UK have had the highest GDP figure
Unit 2: Real v nominal data: All time best selling films
Thanks to tutor2u for this Wall St Journal analysis of all time USA box office success
http://s.wsj.net/public/resources/documents/st_TOP-BOX-OFFICE-1001_20100129.html
a) Explain what "nominal gross takings" means
b) Which is the best nominal grossing film ever?
c) Explain what "real gross takings" means?
d) Re-order the top five to show the best real grossing films ever?
e) Explain the difference between the 2 lists
http://s.wsj.net/public/resources/documents/st_TOP-BOX-OFFICE-1001_20100129.html
a) Explain what "nominal gross takings" means
b) Which is the best nominal grossing film ever?
c) Explain what "real gross takings" means?
d) Re-order the top five to show the best real grossing films ever?
e) Explain the difference between the 2 lists
Wednesday, February 10, 2010
Monday, February 08, 2010
Unit 2: Exchange rates and their effect on the BoP
Economics help offers this summary
http://www.economicshelp.org/blog/economics/exchange-rate-and-current-account/
NB: The bit on the J curve is not needed for AS
http://www.economicshelp.org/blog/economics/exchange-rate-and-current-account/
NB: The bit on the J curve is not needed for AS
Saturday, February 06, 2010
Unit 1: Video clips for externalities
Unit 2: The problems in Greece
From economics blog comes these summaries of the position Greece finds itself in
http://www.economicshelp.org/blog/economics/drastic-economic-measures/
http://www.economicshelp.org/2010/02/problem-with-greece-economy.html
The BBC has these videos on the same topic
http://news.bbc.co.uk/1/hi/world/europe/8494706.stm
http://news.bbc.co.uk/1/hi/world/europe/8494969.stm
.......and this one on the start of the problems the government may face with these proposals
http://news.bbc.co.uk/1/hi/world/europe/8497432.stm
a) Assess the current position of Greece in terms of the 4 macroeconomic objectives
b) Discuss how successful the measures taken by the Greek government are likely to be in improving the state of the Greek economy
http://www.economicshelp.org/blog/economics/drastic-economic-measures/
http://www.economicshelp.org/2010/02/problem-with-greece-economy.html
The BBC has these videos on the same topic
http://news.bbc.co.uk/1/hi/world/europe/8494706.stm
http://news.bbc.co.uk/1/hi/world/europe/8494969.stm
.......and this one on the start of the problems the government may face with these proposals
http://news.bbc.co.uk/1/hi/world/europe/8497432.stm
a) Assess the current position of Greece in terms of the 4 macroeconomic objectives
b) Discuss how successful the measures taken by the Greek government are likely to be in improving the state of the Greek economy
Unit 2: The UK's national debt
A good summary video from the BBC on the national debt
http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8498299.stm
http://news.bbc.co.uk/1/hi/programmes/the_daily_politics/8498299.stm
Labels:
Fiscal policy,
Government Budget,
National Debt
Tuesday, February 02, 2010
Unit 2: Revision: Unemployment
A great powerpoint from tutor2u filled with data and information
http://www.tutor2u.net/economics/presentations/unemploymentecon/player.html
http://www.tutor2u.net/economics/presentations/unemploymentecon/player.html
Monday, February 01, 2010
Unit 1: More proposals to control tobacco consumption
The BBC reports more proposals; I particularly like the chart showing the decline in smoking
http://news.bbc.co.uk/1/hi/uk/8490490.stm
http://news.bbc.co.uk/1/hi/uk/8490490.stm
Unit 2: Comparing UK unemployment to other European countries
A useful article from anform for comparing UK/EU unemployment rates
http://www.anforme.co.uk/blog/?p=1069
http://www.anforme.co.uk/blog/?p=1069
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