Unit 1: Rising demand for vuvuzelas

This BBC clip explains the rising demand for the buzz producing vuvuzela

http://news.bbc.co.uk/1/hi/business/10383014.stm

a) Explain, using economic theory, the cause of the increse in demand
b) Show this effect on a demand diagram

Unit 2: Deflationary fiscal policy

A nice summary of how this should work.......but might not from economicshelp

http://econ.economicshelp.org/2010/06/deflationary-fiscal-policy.html

Unit 2: June 2010 unemployment and inflation data

Anforme, and other sources, explain the latest data. As you will read, the unemployment figures look bleak for the future

http://www.anforme.co.uk/blog/?p=1415 Unemployment
http://news.sky.com/skynews/Home/Business/Unemployment-Rises-By-23000-To-247-Million-But-Number-Of-Jobseeker-Allowance-Claimants-Falls/Article/201006315650035?f=rss Sky news unemployment
http://news.bbc.co.uk/1/hi/business/10327101.stm BBC unemployment

http://www.anforme.co.uk/blog/?p=1411 Inflation
http://news.bbc.co.uk/1/hi/business/10316495.stm BBC inflation

Unit 1: China's trade surplus increases

This BBC clip rports a rising trade surplus in China

http://news.bbc.co.uk/1/hi/business/10285591.stm

a) Why has the trade surplus increased?
b) Discuss the likely effect on the surplus if the Chinese currency appreciated
c) Discuss the likely effect on the surplus of a rise in Chinese labour costs

Unit 2: Government income and spending

A nice graphic from the BBC showing income and spending

http://news.bbc.co.uk/1/hi/politics/10263711.stm

a) Given the need for £60bn cuts, what would you cut? Which taxes do you raise? Who'd be a politician in power?

Unit 1: How govt action can successfully reduce market failure

This BBC video shows the reduction in negative externalities that the smoking ban had led to

http://news.bbc.co.uk/1/hi/health/10271620.stm

a) What are the negative externalities that have been reduced?
b) Why are these negative externalities?

Unit 2: Why deflation is bad

A clear explanation from economicshelp

http://econ.economicshelp.org/2010/06/why-deflation-is-bad.html

Unit 2: Monetary policy or Fiscal policy; which is the best to use?

Economicshelp has this great summary. Note especially the evaluative aspect of the post

http://www.economicshelp.org/blog/economics/monetary-policy-vs-fiscal-policy/

Unit 2: Unemployment: Revision

From economicshelp comes this handy revision post on some aspects of unemployment

http://www.economicshelp.org/blog/unemployment/definition-of-unemployment/

Unit 2: The effect of changing interest rates on the Balance of Payments

A nice evaluative summary of the effects from economics blog

http://www.economicshelp.org/blog/economics/interest-rates-and-balance-of-payments/

Unit 2: India's growth and the danger of inflation

The BBC reports that the Indian economy continues to power ahead

http://news.bbc.co.uk/1/hi/business/10198839.stm

a) Using AD/AS analysis, explain why inflation may be occuring in the Indian economy