Friday, March 30, 2012

Unit 2: What determines the level of capital investment by firms?

Nice summary from tutor2u

Thursday, March 29, 2012

Tuesday, March 27, 2012

Unit 1: Is the demand for postage stamps price elastic or inelastic?

We'll soon find out as Royal Mail hikes its prices sky news video BBC article BBC video BBC interview

a) Why has Royal mail decided to increase its prices?
b) What does that tell you about their perception of the PED for stamps?
c) Using the list of factors that determine whether D is elastic/inelastic, explain why this might, and might not, be the case

Friday, March 23, 2012

Unit 1: Why has the price of petrol risen....again

It's all down to S&D reports the BBC

Unit 2: What determines consumer confidence?

Nice clip from the BBC explaining how the Nationwide survey does it

Unit 1: Should there be a minimum unit price for alcohol?

The proposal is for 40p per unit. The government position is in this clip video video article

These tutor2u posts have some of the adv/disadv summarised

Why's such a measure needed? Rising liver deaths says the BBC

But the big retailers aren't happy Sky

..and an MP arrested for assaulting 3 people in the Houses of Parliament whilst drunk thinks the minimum price is unfair on equality grounds

Wednesday, March 21, 2012

Unit 2: What's the budget all about?

A nice clip from the BBC

Unit 2: Budget 2012

A nice summary from the BBC video

and great data from the Guardian Govt income and expenditure by catagory diagram

Unit 2: Tariff wars: The USA/China tit for tat tariff war continues

....according to the BBC

Unit 2: Why does the rate of inflation change?

A nice clip from the BBC explaining the upward and downward pressures in the "basket" betwen Jan and Feb 2012

Latest data from anforme

Unit 1: The price of driving in Shanghai rising, according to the BBC

a) Using a S&D diagram, explain why the price of a licence has risen
b) Show and explain what the authorities could do to lower the price

Monday, March 19, 2012

Unit 1: How to reduce the market failure from plastic bags

A great summary article from the BBC

a) In what way does the market for plastic bags fail?
b) Discuss the extent to which any single measure outlined in the article couild reduce the market failure

Wednesday, March 14, 2012

Unit 2: Unemployment resource from Ch4

They call it the jobs report and it's got a variety of links

Unit 2: Latest unemployment data: March 2012

Great data from the Guardian, including by region

and youth unemployment

...and a video clip from the BBC

...and how women have been hit hardest rom this BBC clip

Unit 2: Enterprise zones: A supply side policy

One of the major drawbacks of supply side policies is that they take time to have an efffect on the economy. This Sky clip shows that in spades

Unit 2: The UK's largest coal mine to close?

Possibly, reports Sky

a) What type of unemployment would result from this closure? Explain your answer

Unit 2: 2012 updates to the basket of goods

A nice clip from Sky where an ONS spokesman explains what the basket is all about

Great data from the Guardian

...and a BBC article

Monday, March 12, 2012

Unit 1: The price of eggs

Interesting clip from the BBC

a) Using a S&D diagram, explain why the price of eggs has risen

Thursday, March 08, 2012

Unit 2: Barriers to trade in China

Here's an example of a potential barrier to trade in China

a) To what extent would this policy be likely to improve China's Balance of Payments position?

Unit 1: Externalities arising from fracking

The highly debatable method of extracting natural gas known as fracking is heading to Ireland, according to Aljazeera

a) What are the private costs and private benefits of such a scheme?
b) What are the positive and negative externalities of such a scheme?
c) What role does regulation have in this industry?

Wednesday, March 07, 2012

Unit 1 Smoking's decline over the past 50 years

A post from tutor2u including a Ch4 video clip, and historical interviews by the BBC

a) What actions have ben introduced to reduce smoking?
b) Comment on the success of these mesures in reducing the consumptoion of this demarit good

Thursday, March 01, 2012

Unit 2: Eurozone unemployment rises again

From the BBC

a) Assess how much of a problem unemployment is for the UK in the light of the data