Thursday, June 24, 2010

Unit 1: Rising demand for vuvuzelas

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

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

Monday, June 21, 2010

Friday, June 11, 2010

Unit 1: China's trade surplus increases

This BBC clip rports a rising trade surplus in China

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

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

Thursday, June 10, 2010

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

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

Friday, June 04, 2010

Unit 2: Unemployment: Revision

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

Tuesday, June 01, 2010

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

The BBC reports that the Indian economy continues to power ahead

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