Possibly, according to the BBC
http://www.bbc.co.uk/news/uk-wales-23908360#
Saturday, August 31, 2013
Sunday, August 25, 2013
Tuesday, August 20, 2013
Friday, August 16, 2013
Wednesday, August 14, 2013
Unit 2: UK claimant count reduced: August 2013
Mixed news on the jobs front with rising youth and long term unemployment rising (as is U in some regions), but the CC has fallen again
http://www.bbc.co.uk/news/business-23699341# BBC video UK
http://www.bbc.co.uk/news/business-23694451# ONS explanation
http://www.bbc.co.uk/news/business-23694457 video (NI emphasis)
http://www.bbc.co.uk/news/business-23699341# BBC video UK
http://www.bbc.co.uk/news/business-23694451# ONS explanation
http://www.bbc.co.uk/news/business-23694457 video (NI emphasis)
Unit 2: Inflation component and weights changes since 1990
Fantastic interactive graphic from The Guardian
http://www.theguardian.com/news/datablog/interactive/2012/may/22/inflation-cpi-rpi-interactive
http://www.theguardian.com/news/datablog/interactive/2012/may/22/inflation-cpi-rpi-interactive
Tuesday, August 13, 2013
Monday, August 12, 2013
Unit 2: Government spending on capital infrastructure: Cycle networks
Nice example (said the cyclist) from the BBC, possibly leading to positive externalities for the ecponomy
http://www.bbc.co.uk/news/uk-23663257#
http://www.bbc.co.uk/news/uk-23663257#
Labels:
Externalities,
Government Expenditure,
Video
Unit 1: Payday loans: A demerit good?
It appears some people think so as councils move to limit advertising of these loans and access to payday loan sites from council computers
http://www.bbc.co.uk/news/uk-23663590#
http://www.bbc.co.uk/news/uk-23663590#
Sunday, August 11, 2013
Saturday, August 10, 2013
Unit 1: Externalities and China
Friday, August 09, 2013
Unit 2: Worsening Greek unemployment figures
Is there no end to the woes the Greek people are suffering?
http://www.bbc.co.uk/news/business-23620444#
http://www.bbc.co.uk/news/business-23620444#
Thursday, August 08, 2013
Unit 2: YTA training: A supply side policy
Thanks to the BBC
http://www.bbc.co.uk/news/uk-23611570#
a) Why is this an example of a supply side policy?
b) To what extent do you think such training schemes are likely to help the government meet its macroeconomic objectives for the economy?
http://www.bbc.co.uk/news/uk-23611570#
a) Why is this an example of a supply side policy?
b) To what extent do you think such training schemes are likely to help the government meet its macroeconomic objectives for the economy?
Unit 1: The effect of GM crops on an agricultural PPC
An interesting article from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/gm-foods-will-be-vital-in-feeding-the-future-world
a) Assuming the argument and figures to be correct (and there are strong opposition arguments), draw a PPC diagram to show the effect on output of introducing these GM crops. Label one axis "GM crops" and the other axis "traditional crops"
b) Explain why you have drawn the change as you have
http://www.tutor2u.net/blog/index.php/economics/comments/gm-foods-will-be-vital-in-feeding-the-future-world
a) Assuming the argument and figures to be correct (and there are strong opposition arguments), draw a PPC diagram to show the effect on output of introducing these GM crops. Label one axis "GM crops" and the other axis "traditional crops"
b) Explain why you have drawn the change as you have
Wednesday, August 07, 2013
Unit 2: Australia cuts interest rates
Nice post from the BBC explaining the thinking behind the cut in Australia's interest rates
http://www.bbc.co.uk/news/business-23584374#
http://www.bbc.co.uk/news/business-23584374#
Unit 2: Monetary policy and forward guidance
Great clips from the BBC explaining how this forward guidance on interest rates should boost the economy
http://www.bbc.co.uk/news/business-23598143#
http://www.bbc.co.uk/news/business-23608721#
The question is, will it? Why might it not?
....and more from Sky
http://news.sky.com/story/1125586/borrowers-boost-interest-rates-tied-to-jobs
.......and this great summary from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/uk-economy-carney-provides-forward-guidance-on-interest-rates
...and these explanations from the BBC
http://www.bbc.co.uk/news/business-23145755
http://www.bbc.co.uk/news/business-23599464#
http://www.bbc.co.uk/news/business-23588958
http://www.bbc.co.uk/news/business-23598143#
http://www.bbc.co.uk/news/business-23608721#
The question is, will it? Why might it not?
....and more from Sky
http://news.sky.com/story/1125586/borrowers-boost-interest-rates-tied-to-jobs
.......and this great summary from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/uk-economy-carney-provides-forward-guidance-on-interest-rates
...and these explanations from the BBC
http://www.bbc.co.uk/news/business-23145755
http://www.bbc.co.uk/news/business-23599464#
http://www.bbc.co.uk/news/business-23588958
Monday, August 05, 2013
Sunday, August 04, 2013
Unit 1: Sun beds; an example of a market with information failure?
Nice clip from the BBC
http://www.bbc.co.uk/news/uk-23513739#
a) Is more regulation required?
b) What other approaches to reducing the market failure could be used?
http://www.bbc.co.uk/news/uk-23513739#
a) Is more regulation required?
b) What other approaches to reducing the market failure could be used?
Thursday, August 01, 2013
Unit 2: Latest UK macro data
Thanks to tutor2u for this slideshow jam packed with up to date data
http://www.tutor2u.net/blog/index.php/economics/comments/developments-in-the-uk-economy3
http://www.tutor2u.net/blog/index.php/economics/comments/developments-in-the-uk-economy3
Unit 1: How much of the cigarette price is tax?
Some great data from the Guardian showing the $ cost per pack across various countries and the % of that price that is tax
http://www.theguardian.com/society/datablog/2013/aug/01/australia-cigarettes-expensive-tax
This analysis shows prices relative to incomes as it shows how many minutes the average worker has to work to buy a packet of cigarettes
http://www.businessinsider.com.au/price-pack-of-cigarettes-around-the-world-2012-10
http://www.theguardian.com/society/datablog/2013/aug/01/australia-cigarettes-expensive-tax
This analysis shows prices relative to incomes as it shows how many minutes the average worker has to work to buy a packet of cigarettes
http://www.businessinsider.com.au/price-pack-of-cigarettes-around-the-world-2012-10
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