Tuesday, March 29, 2011

Unit 2: UK's worst ever trade figures

...report Sky news http://news.sky.com/skynews/Home/Business/UK-Goods-Trade-Gap-Widens-To-Highest-Ever-Level-While-Fourth-Quarter-GDP-Revised-Up-To--05/Article/201103415962136?f=rss ...and a commentary and graph from anforme http://www.anforme.co.uk/blog/?feed=rss2

Friday, March 25, 2011

Unit 2: UK budget 2011 - 12

A summary from the BBC


A great interactive guide from the guardian showing income, expenditure and borrowing


This one shows the sources of income from various taxes


...and this one cuts the speech in to chunks related to topics; excellent


...and a commentary from anforme


Tuesday, March 22, 2011

Wednesday, March 16, 2011

Unit 2: Continuing rising UK unemployment

As reported by the BBC; Youth unemployment is particularly bad


Unit 2: What ends a recession?

A useful evaluative post from economicshelp; note the evaluation of how likely the reason is to occur


Friday, March 11, 2011

Unit 2: Ireland's economic growth and unemployment rate

....is clearly shown in this graphic from tutor2u


a) Describe the link between changes in irish GDP and the Irish unemployment rate

Unit 1: Further restrictions on tobacco sales

..this time from proposals to ban displays

http://www.bbc.co.uk/news/health-12680815 article
http://news.sky.com/skynews/Article/201103115948614 article and video

and the case against from the manufacturers


a) To what extent do you believe this measure will reduce the market failure associated with the tobacco market?

Thursday, March 03, 2011

Unit 2: Fiscal policy in China

The BBC repots a proposed tax cut


a) How is this an example of Fiscal policy?
b) Using ad AD/AS diagram, explain the likely effect on the Chinese economy
c) In what way might the outcome have undesirable consequences?

Unit 2: Monetary policy in Brazil

Brazil raises its main interest rate again says the BBC


a) Using an AD/AS diagram, explain is the state of the Brazilian economy and what this interest rate rise is meant to achieve

Unit 2: Australia holds interest rates

A nice summary of the Australian economy