Sectors of the economy

Nice summary from economicshelp
http://www.economicshelp.org/blog/12436/concepts/sectors-economy/

Supply and demand: The Californian egg market

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/changes-in-the-californian-egg-market

Market structures in transport: Singapore

Thanks to tutor2u for this great video


http://www.tutor2u.net/blog/index.php/economics/comments/market-structures-in-transport

Using monetary policy to influence exchange rates: Russia

Great example from Russia, but will it work in the long run if other factors are leading to a decrease in the demand for roubles?


http://news.sky.com/story/1392617/russia-ramps-up-rate-to-17-percent-to-boost-rouble


This could be the doomsday scenario for Russia
http://news.sky.com/story/1392871/rouble-woes-six-stages-of-a-currency-crisis

Legislation: scotland lowers the drink drive limit

.....and, if you believe this BBC clip, it will be strongly enforced. Will it reduce the market failure?


http://www.bbc.co.uk/news/uk-30341649

The rising demand for air crew in China

Interesting clip from Aljazeera


http://bcove.me/zt9yzita

How good is legislation at reducing market failure?

Not much use at all unless it is enforced which is not the case in the logging industry in Peru


http://bcove.me/zk2mrs8g

The electric bus; a solution to market failure?

Could be if this experiment in Brazil works out
http://bcove.me/0q2d50ad

Mining in Burkino Faso; a case of market failure

This depressing clip shows a clear example of market failure and the need for government intervention


http://bcove.me/a7g555pz

Free child flu vaccine; a policy to overcome market failure associated with a merit good

Is flu vaccine a merit good? Quite possibly given the roll-out of this government policy


http://www.bbc.co.uk/news/uk-30241903#
This clip shows the reasons why the vaccine is required http://www.bbc.co.uk/news/health-29502296

Cross elasticity of demand: Fuel and donkeys in Iran

Great example from the BBC


http://www.bbc.co.uk/news/blogs-news-from-elsewhere-30051970

What fine should you get for littering?

£500 for a Pringles lid? So reports the BBC


http://www.bbc.co.uk/news/uk-england-bristol-29949175

Successful information provision by governments to reduce market failure: Drink driving public information films

From the BBC


http://www.bbc.co.uk/news/uk-29948187 and http://www.bbc.co.uk/news/uk-29936901

Positive and negative externalities from the Jakarta sea wall

Great clip from the BBC


http://www.bbc.co.uk/news/business-30030189#

Why governments tax fuel: Price Elasticity of Demand in action

Nice story from Australia from the BBC


http://www.bbc.co.uk/news/business-29983483#

Why the price of oil if falling

60 second summary from the BBC


http://www.bbc.co.uk/news/business-29745684#

Information failure and market failure: legal highs

A longer than normal clip (10 mins) which raises a lot of issues about information failure and possible government actions


http://www.bbc.co.uk/news/uk-23178688


Also, other BBC clips on the issue http://www.bbc.co.uk/news/uk-29829172# and http://www.bbc.co.uk/news/health-26364309 and http://www.bbc.co.uk/news/uk-26149954 and http://www.bbc.co.uk/news/health-26140661and http://www.bbc.co.uk/news/uk-wales-25982554 and http://www.bbc.co.uk/news/uk-england-25878280

Information failure? Is plastic food packaging safe

Interesting clip from the BBC


http://www.bbc.co.uk/news/uk-england-29631355#

Should we allow the advertising of e-cigarettes?

Intersting clip from Sky


http://news.sky.com/story/1370246/e-cigs-put-smoking-back-on-tv-after-49-years


Is there information failure? Will there be positive or negative externalities when they are consumed?

Perfect competition presentation

A comprehensive explanation from Mo Tanweer


http://motanweer.mediacore.tv/media/perfect-competition-2014

How competitive is the UK supermarket market?

Great data from economicshelp


http://www.economicshelp.org/blog/11947/economics/market-share-in-uk-supermarkets/

Unit 2: The problems of deflation

Thanks to economicshelp for this summary


http://www.economicshelp.org/blog/978/economics/definition-of-deflation/

Unit 1: Should we ban more public smoking?

That's the proposal for London, reports the BBC
http://www.bbc.co.uk/news/health-29625451# and


http://www.bbc.co.uk/news/uk-29633045#

Unit 1: Should we regulate against fast food outlets near schools?

Interesting clip from the BBC


http://www.bbc.co.uk/news/health-29637971#

Unit 1: Elasticity revision video

.... produced by students. I don't think I could have done beter myself!


https://www.youtube.com/watch?v=5yBqJqdPCFE#t=193

Unit 1: The price of milk

Loads of stuff on S&D in this BBC interview
http://www.bbc.co.uk/news/uk-29502499#

Unit 1: Pre-loading and negative externalities

....reports the BBC
http://www.bbc.co.uk/news/health-29454768#

Unit 1: Plain packets for cigarettes in France

That bastion of smoking introduces regulations on packaging, reports the BBC
http://www.bbc.co.uk/news/world-europe-29373283#

Unit 2: The money supply and inflation

Thanks to economicshelp for this post
http://www.economicshelp.org/blog/5278/inflation/m4-money-supply-and-inflation/

Unit 2: Economic growth

Thanks to economicshelp for this data packed post
http://www.economicshelp.org/blog/5843/economics/economic-growth-stats-2/

Unit 2: The UK budget deficit

Thanks to economicshelp for this post
http://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/

Unit 2: Monetary policy and the exchange rate

Thanks to economicshelp for this great post
http://www.economicshelp.org/blog/11550/currency/money-supply-and-the-exchange-rate/

Unit 1: Supply and demand criss cross

Thanks to tutor2u for this
http://www.tutor2u.net/blog/index.php/economics/comments/make-your-students-happy-test-their-demand-and-supply-knowledge-with-this-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:11:49:00Z

Unit 1: Allocative efficiency; the continuing change on the high street

Thanks to sky for this report
http://news.sky.com/story/1349807/high-street-decline-continues-with-shop-closures

Unit 2: What's measured in GDP

More than used to be the case as previously unrecorded drugs and prostitution output has been added reports Sky
http://news.sky.com/story/1344953/drugs-and-prostitutes-boost-economy-by-12-3bn

Unit 1: Positive and negative externalities from the Kenyan flower industry

Nice clip from the BBC raising many issues regarding Africa growing flowers for Europe


http://www.bbc.co.uk/news/business-29276515#

Unit 1: Demand and supply of loom bands

Thanks to tutor2u for this activity


http://www.tutor2u.net/blog/index.php/economics/comments/loom-bands-a-demand-and-supply-example-and-activity

Unit 1: Negative externalities from converting a mill

A pretty clear case of negative externalities in Hampshire reports the BBC


http://www.bbc.co.uk/news/uk-england-hampshire-29209283#

Unit 1: How do you combat market failure in the food market from excessive sugar?

Some ideas from a BBC clip


http://www.bbc.co.uk/news/health-29221018#

Unit 1: Are London fireworks a public good?

Debatable, according to this tutor2u post


http://www.tutor2u.net/blog/index.php/economics/comments/are-fireworks-in-london-a-public-good?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:13:20:00Z

Unit 1: The economic problem: Who gets the goods produced

An interesting solution to scarce resources in Venezuela; fingerprinting(!) reports the BBC
http://www.bbc.co.uk/news/world-latin-america-28893383#

Unit 1: Welsh assembly plan to stop smoking in cars

.If you have a child in the car, a £50 fine reports BBC Wales
http://www.bbc.co.uk/news/uk-wales-29169124#

Unit 2: EU unemployment

Thanks to economicshelp for this
http://www.economicshelp.org/blog/1247/economics/european-unemployment-2/

Unit 2: Why is the AD curve downward sloping?

Thanks to economicshelp for this
http://www.economicshelp.org/blog/11437/economics/why-is-the-aggregate-demand-ad-curve-downward-sloping/

Unit 2: Exchange rates

Thanks to economicshelp for this explanation
http://www.economicshelp.org/blog/11422/economics/real-effective-exchange-rate/

Unit 2: The effect of contractionary fiscal policy in Japan

As you would expect, reports Sky
http://news.sky.com/story/1331936/japans-economy-dips-as-new-sales-tax-bites

Unit 2: A more accurate measure of output? Drugs and prostitution boost GDP

So reports Sky


http://news.sky.com/story/1329351/uk-economy-boosted-by-wider-contributions
and the BBC audio http://www.bbc.co.uk/news/business-29042385#

Unit 1: e-cigarettes; are they a case of market failure requiring government intervention?

This appears not be clear cut with a lack of data on this new product market on long term health effects. This BBC clip may start you thinking


http://www.bbc.co.uk/news/uk-england-28983713# and Sky http://news.sky.com/story/1324805/call-for-e-cigarettes-to-be-banned-indoors.
This might alter your views!
http://news.sky.com/story/1330462/report-e-cigarettes-could-save-thousands

Cost Benefit Analysis: Swansea lagoon

Thanks to tutor2u for pulling together these resources


http://www.tutor2u.net/blog/index.php/economics/comments/cost-benefit-analysis-swansea-tidal-lagoon?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:08:17:00Z

Unit 2: What determines the level of interest rates?

An interesting article from the Guardian


http://www.theguardian.com/business/2014/aug/17/interest-rates-go-up-five-points-bank-of-england-decide

Unit 2: Supply side policies to tackle youth unemployment in Kenya

This Aljazeera video shows a small supply side policy; low interest loans from government


http://bcove.me/bnt3wne8

Unit 1: Should we have warning labels on alcohol bottles?

An interesting topic for evaluation which could start with this BBC clip


http://www.bbc.co.uk/news/uk-28736758#

Unit 2: How good a measure of growth is GDP

Nice summary from the BBC


http://www.bbc.co.uk/news/business-28324971

Unit 1: Rising demand for Steinway pianos in China

Rising incomes seems to be the main, but not the sole reason reports the BBC


http://www.bbc.co.uk/news/business-28578541#

Unit 1: Aspirin: Am I suffering from information failure?

Is there under consumption of aspirin in the free market? It appears there might be according to this BBC report


http://www.bbc.co.uk/news/health-28670584

Unit 1: Public and private goods: The farmer's road

Nice story from tutor2u


http://www.tutor2u.net/blog/index.php/economics/comments/public-and-private-goods-farmer-opens-a-toll-road?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:14:55:00Z

Unit 1: The economic problem: Unlimited wants in health care

NICE's decision not to finance a new cancer drug highlights the basic economic problem


http://news.sky.com/story/1315056/breast-cancer-drug-too-expensive-for-nhs
http://www.bbc.co.uk/news/health-28701630#

Unit 1: Diesel tax: Making the polluter pay?

An interesting proposal for London to try and reduce air pollution


http://news.sky.com/story/1309480/dirty-diesel-drivers-face-new-tax-in-cities

Unit 2: The Glastonbury multiplier effect

Nice clip from the BBC


http://www.bbc.co.uk/news/business-28089558#

Unit 1: Should we just ban smoking?

This BBC short debate might help you make up your mind


http://www.bbc.co.uk/news/uk-politics-28088830#

Unit 1: Should we have a tax on fizzy drinks?

Nice clip from BBC Wales


http://www.bbc.co.uk/news/uk-wales-28144856#

Unit 2: Income equality; the effects of taxes and benefits

Good data source from the guardian


http://www.theguardian.com/news/datablog/2014/jun/26/is-wealth-being-distributed-fairly-through-benefits-and-taxation

Unit 1: The opportunity cost of watching Gangnam style

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/what-gangnam-style-represents-in-opportunity-cost-terms

Unit 1: Substitution of factors of production

From labour to capital in Singapore reports the BBC


http://www.bbc.co.uk/news/business-27932240#

Unit 1: Information failure in the statins market

I'm 56 so should I see my Doc to be put on statins? This BBC clip is a classic example of information failure because if the doctors don't agree, how should I decide?


http://www.bbc.co.uk/news/health-27790483#

Unit 1: Economic goods and free goods

Thanks to economicshelp for this


http://www.economicshelp.org/blog/11226/concepts/economic-goods-definition-and-examples/

Unit 2: Fiscal policy in action: The Laffer curve and corporation tax rates

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/the-laffer-curve-and-uk-corporation-tax

Unit 1 Dynamic eficiency: Uber v black cabs

Nice summary from the FT




https://www.youtube.com/watch?v=6FpTnHkyh60


and the BBC


http://www.bbc.co.uk/news/technology-27733967

Unit 1: Russia begins to control smoking

This clip explains the problem


http://www.bbc.co.uk/news/world-europe-22726284


and this one the latest action; a ban on smoking in public places


http://www.bbc.co.uk/news/world-europe-27751978#

Unit 2: What's the link between economic growth and the level of unemployment?

Pretty clear in the USA reports Sky


http://news.sky.com/story/1276937/us-recovers-8-7-million-jobs-lost-in-recession

Unit 1: How should the government deal with highly polluting diesel cars?

Should you pay people to take them off the streets? That's what this Sky news report suggests


http://news.sky.com/story/1276671/rac-demands-dirty-diesel-scrappage-scheme

Unit 2: How could negative interest rates boost the European economy?

Here's the theory from the BBC


http://www.bbc.co.uk/news/world-europe-27723199#
and Jonny Clarke fro tutor2u
https://docs.google.com/file/d/0B4SW-aHq0BqTTFVEQzBSeU5uckk/edit

Unit 1: Can food waste generate positive externalities?

It would seem so from this BBC clip


http://www.bbc.co.uk/news/uk-27686225#

Unit 2: Fiscal policy in Spain

....or is it a mix of Fiscal and Supply side policies?


http://www.bbc.co.uk/news/business-27656152#

Unit 2: Inflation: Advantages and disadvantages

Thanks to economicshelp for this summary


http://www.economicshelp.org/blog/315/inflation/inflation-advantages-and-disadvantages/

Unit 2: Negative effects of unemployment in Spain

Child poverty, reports Aljazeera


http://bcove.me/cpz7slyl

Unit 2: The multiplier effect of building a prison

A £23m a year injection to  the Wrexham area, if you believe this politician


http://www.bbc.co.uk/news/uk-wales-27640797#

Unit 2: Youth unemployment in Portugal

Thanks to tutor2u for this Aljazeera clip


http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-fears-for-portugals-lost-generation

Unit 2: Problems with measuring GDP

One issue normally raised is the problem of the informal, or black, economy


It seems the ONS is trying to include some of that unrecorded activity, according to Sky




http://news.sky.com/story/1271385/drugs-and-prostitution-worth-10bn-annually


and the Guardian
http://www.theguardian.com/news/datablog/2014/may/29/drugs-and-prostitution-contributed-almost-10bn-economy-in-2009


and this tutor2u summary
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-sex-and-drugs-included-in-measured-uk-gdp
and the BBC
http://www.bbc.co.uk/news/blogs-magazine-monitor-27627132#
and tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/the-value-of-drugs-and-prostitution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:15:17:00Z

Unit 1 Policies to reduce pollution

Thanks to economicshelp or this


http://www.economicshelp.org/blog/11077/environment/policies-to-reduce-pollution/

Unit 1: Externalities from mining in Indonesia

Great clip from the BBC


http://www.bbc.co.uk/news/business-27478974#

Unit 2: Balance of Payments: Revision

Thanks to tutor2u for this powerpoint


http://www.slideshare.net/tutor2u/as-macro-revision-the-balance-of-payments

Unit 2: Income inequality in the USA

Great clip from the BBC


http://www.bbc.co.uk/news/business-27440862

Unit 2: Protectionism: EU bans Indian mango imports

...reports the BBC


http://www.bbc.co.uk/news/business-27233154#

Unit 2: Macroeconomic data: May 2014

Thanks to tutor2u for gathering the data together


http://www.tutor2u.net/blog/index.php/economics/comments/key-data-on-the-uk-economy-april-2014

Unit 2: New work scheme: A supply side policy for the labour market

Sky news reports


http://news.sky.com/story/1250506/unemployed-face-work-scheme-or-sanctions

Unit 1: e-cigarettes: Could they be a merit good?

A really interesting clip from the BBC asking how we should react to e-cigarettes

http://www.bbc.co.uk/news/health-27184630#

Unit 1: Revsion: Government intervention in markets

Thanks to tutor2u


http://www.slideshare.net/tutor2u/government-intervention-in-markets-33730129

Unit 1: Revision: Positive externalities

Thanks to tutor2u


http://www.slideshare.net/tutor2u/unit-1-micro-positive-externalities

Unit 1: Negative externalities arising from closing a motorway junction

Great example in Wales, reports the BBC

http://www.bbc.co.uk/news/uk-wales-27008983#

Unit 2: Coal pit closures

An example of structural/regional unemployment

http://news.sky.com/story/1240271/coal-pit-closures-to-cost-2000-jobs

Unit 2: Balance of Payments and Exchange Rates revision

Thanks to tutor2u

http://www.slideshare.net/tutor2u/a2-macro-balance-of-payments-and-exchange-rates

Unit 2: Macroeconomic policies revision

Thanks to tutor2u for this on the policies

http://www.slideshare.net/tutor2u/as-macro-managing-the-economy

and this on their effectiveness

http://www.slideshare.net/tutor2u/as-macro-the-effectiveness-of-uk-macroeconomic-policies

Unit 2: Unemployment revision

Thanks to tutor2u for this

http://www.slideshare.net/tutor2u/as-macro-unemployment-and-the-labour-market

Unit 2: Threats to the UK recovery

A data filled presentation from tutor2u

http://www.slideshare.net/tutor2u/threats-to-uk-economic-recovery

Unit 2: How Government spanding has changed over time

Thanks to tutor2u for this BBC article

http://www.bbc.co.uk/news/business-26580723

Unit 1: Elasticity revision presentation

...from tutor2u

http://www.slideshare.net/tutor2u/as-micro-elasticity-of-demand-and-supply

Unit 1: Introductory ideas presentation

.......from tutor2u

http://www.slideshare.net/tutor2u/as-micro-introductory-economic-concepts

Unit 2: Supply side policies revision presentation

....from tutor2u

http://www.slideshare.net/tutor2u/as-macro-supply-side-and-competitiveness-33276694

Unit 2: Japan and Australia agree to reduce protectionist measures

....reports the BBC

http://www.bbc.co.uk/news/business-26917871#

Unit 2: Why is the SA Rand depreciating?

Great clip from the BBC

http://www.bbc.co.uk/news/26883839#

Unit 2: China's fiscal stimulus

....reports the BBC

http://www.bbc.co.uk/news/world-asia-china-26879148#

Unit 2: A problem with measuring inflation

Same price, smaller chocolate bars, reports the BBC

http://www.bbc.co.uk/news/business-26859113#

Unit 1: Plain packaging of cigaretes: What will be the effect?

Interesting brief clip on the Australian experience

http://www.bbc.co.uk/news/health-26870708#

and the UK proposal, which looks very similar

http://www.bbc.co.uk/news/health-26870708#

Unit 1: Should e-cigarettes use be limited?

Interesting proposals from the Welsh government

http://www.bbc.co.uk/news/uk-wales-26853350#

Unit 2: The possible causes of the falling UK inflation rate

Thanks to tutor2u for this post

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-falling-inflation-in-the-uk-economy

Unit 1: Is there information failure in the food market?

Possibly. Will 5 a day become 7 a day?

http://www.bbc.co.uk/news/health-26830447#

Unit 2: The current account deficit

Great summary from tutor2u with all the latest data

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-the-uk-current-account-deficit

Unit 2: How strong is the link between output and unemployment?

Fairly strong at Honda, according to this BBC clip

http://www.bbc.co.uk/news/business-26714233#

Unit 1: Evaluating the efffect of a tax cut

It depends on whether the tax cut is passed on to consumers, or added to the profits of the producers. The BBC reports on the "penny off a pint" budget cut

http://www.bbc.co.uk/news/26717974#

Unit 2: Policies to reduce unemployment in Greece

A post full of information and evaluation from economicshelp

http://www.economicshelp.org/blog/10284/economics/policies-reduce-unemployment-greece/

Unit 2: The limitations of economic growth when considering quality of life

Nice video found by tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-growth-is-not-enough

Unit 2: MUltiplier example in Hull

Thanks to tutor2u for this example

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-regional-multiplier-effects-with-siemens-investment

Unit 1: Supply and demand and food prices

Nice article and clip from Sky; ideal for drawing S&D diagrams for

http://news.sky.com/story/1231300/supermarket-and-restaurant-bills-set-to-soar

Unit 2: Japan's current account deficit

....is explained in this BBC article

http://www.bbc.co.uk/news/business-26510495

Unit 2: The effect of low interest rates

Thanks to the Guardian; great for evaluation as it explains the winners and losers

http://www.theguardian.com/business/2014/mar/02/interest-rates-five-years-rock-bottom

Unit 1: Building dams; winners and losers

Nice clip from the BBC

http://www.bbc.co.uk/news/world-asia-india-26670794#

Unit 1: Legislation to reduce pollution in Paris

Evaluate how likely this policy is likely to be in reducing air pollution in Paris, especially in the long term

http://www.bbc.co.uk/news/world-europe-26608086#

Unit 2: What is the output gap?

Nice clip from the BBC

http://www.bbc.co.uk/news/uk-politics-26629587#

Unit 2: Evaluating the efffects of low interest rates on the UK economy

I like this summary by a Year 12 student(!) on the tutor2u blog

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-has-5-years-of-low-interest-rates-helped-the-uk-economy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:11:06:02Z

Unit 2: Government income and spending 2014/15

Thanks to the Guardian for this visualisation

http://www.theguardian.com/news/datablog/2014/mar/21/budget-2014-tax-spending-visualised

Unit 2: What are the causes and effects of a depreciation?

Nice post from economicshelp regarding the depreciation of the rupee

http://www.economicshelp.org/blog/10251/currency/devaluation-indian-rupee/

Unit 1: Information failure: Saturated fat

So, I thought the position on saturated and unsaturated fats was clear, but this BBC report makes me think I may have been suffering from information failure...........or was I? Further research will no doubt make the picture clearer

http://www.bbc.co.uk/news/health-26624473#

Unit 2: Economic growth via an increase in spending on regrettables

A classic example from the BBC

http://www.bbc.co.uk/news/business-26523512#

Unit 1: The price of iron ore

....is falling, according to the BBC

http://www.bbc.co.uk/news/business-26556016#

Unit 2: How "good" is Britain's economic growth?

A good clip for developing evaluative comments for the BBC

http://www.bbc.co.uk/news/business-26537713#

Unit 2: The 40% tax band and fiscal drag

Thanks to tutor2u for this data

http://www.tutor2u.net/blog/index.php/economics/comments/fiscal-drag-and-the-40-tax-rate?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:07:19:45Z

Unit 2: Basket of goods changes 2014

All the info from the Guardian

http://www.theguardian.com/news/datablog/2014/mar/13/neflix-converse-flavoured-milk-the-infation-goods-basket

and the BBC

http://www.bbc.co.uk/news/business-26560264#
and http://www.bbc.co.uk/news/business-26558720#

Unit 1: The falling price of milk

How can this possibly be? Either because the supermarkets are willing to cut the profit they make (show this on a S&D diagram), or because it's part of a cross elasticity strategy (explain the strategy)

http://www.bbc.co.uk/news/business-26491215#

Unit 2: Has our standard of living gone up even as real gdp per capita has fallen?

Quite possibly, according to this really interesting post from tutor2u (based on a Telegraph article)

http://www.tutor2u.net/blog/index.php/economics/comments/life-is-better-now-despite-the-crisis?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:16:52:20Z

Unit 1: Low interest rates; winners and losers

Nice clip from the BBC

http://www.bbc.co.uk/news/business-26439753#

Unit 2: The problems of rising inflation

....as seen in Venezuela and reported by Aljazeera

https://www.youtube.com/watch?v=_XhsnZnd-Kw

Unit 1: Information provision: Food labelling in the USA

Nice clip from Aljazeera

https://www.youtube.com/watch?v=HTDacR0nx4w

Unit 1: High prices during school holidays: Supply and demand in action

Great interview from the BBC

http://www.bbc.co.uk/news/business-26331410#

Unit 1: Is the fixed odds gambling market in need of greater regulation?

It appears so, as the government is now taking action

http://www.bbc.co.uk/news/uk-26397041#

Unit 2: Why China's current growth model may be unsustainable

In a few words: Negative externalities; smog that is shortening the life of city residents and reducing their standard of living

http://www.bbc.co.uk/news/world-asia-china-26339668#

and http://www.bbc.co.uk/news/uk-26363067#

Unit 2: Sustainable growth in the fishing industry?

Interesting clip about the Australian fishing industry from Aljazeera

http://www.youtube.com/watch?v=ES6NnWnT3cg

and what happens if it's not sustainable, eg in Indonesia

http://www.youtube.com/watch?v=ZcJKXgMH8OE

Unit 2 exam techniques tips

Thanks to tutor2u, but realise that not all of this is relevant to OCR

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-hints-on-exam-technique

Unit 2: Revision: Macroeconomic objectives and possible conflicts

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-macro-objectives-and-conflicts

Unit 2: Revision: Supply side policies

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-supplyside-policies

Unit 2: Revision: Fiscal policy

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-fiscal-policy

Unit 2: Revision: Monetary policy

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-monetary-policy-and-exchange-rates

Unit 2: Revision: Inflation

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-inflation-and-deflation-31476072

Unit 2: Revision: Economic growth

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-economic-growth-31476050

Unit 2: Revision: Unemployment

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-unemployment

Unit 2: Revision: Macroeconomic equilibrium

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-macroeconomic-equilibrium

Unit 2: Revision: Aggregate supply

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-aggregate-supply

Unit 2: Revision: Aggregate demand

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-aggregate-demand-31475399

Unit 2: Revision: GDP and the standard of living

Thanks to tutor2u

http://www.slideshare.net/slideshow/view?login=tutor2u&title=as-macro-revision-national-income-and-standard-of-living

Unit 2: Sharjah: A sustainable model for economic growth?

Great clip from the BBC

http://www.bbc.co.uk/news/business-26275631#

Unit 2: The effects of an appreciation of a currency

Wonderful summary from economicshelp, including evaluation

http://www.economicshelp.org/blog/10050/economics/effects-appreciation/

Unit 1: Would you risk the potential negative externalities from dumping dredged sand near the Great Barrier Reef?

Aljazeera reports that the Australian government appears toi be willing to do so

http://www.youtube.com/watch?v=vZfeyT3H3vc

Unit 2: Greek unemployment reaches an all time high

.....according to the BBC. Note also the catastrophic youth rate; what impact this have on the future of the Greek economy?

http://www.bbc.co.uk/news/business-26171213#

Unit 2: Balance of payments

Some good data in this economicshelp post

http://www.economicshelp.org/blog/185/economics/balance-of-payments-disequilibrium/

Unit 1: The price of almonds

Thanks to tutor2u for this BBC article

http://www.bbc.co.uk/news/magazine-26118225

Unit 2: A more accurate measurement of GDP?

Whichever of the 3 measurement approaches is used, the black economy's output is excluded. Now that could change according to this tutor2u post

http://www.tutor2u.net/blog/index.php/economics/comments/drugs-and-prostitution-to-be-included-in-gdp?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:39:37Z

Unit 2: How equally spread are the new jobs/growth in the UK

Not very, according to this Ch4 video/article

http://www.channel4.com/news/london-north-south-divide-cities

Unit 2: The size of Spain's black economy

Frightening, according to this Guardian article

http://www.theguardian.com/business/2014/jan/30/spain-black-economy-gdp-growth

Unit 2: Investment: The Swansea Bay lagoon

A huge potential project reports the BBC

http://www.bbc.co.uk/news/uk-wales-26087779#

Unit 1: Charges on platic bags

What impact does it have? The BBC reports

http://www.bbc.co.uk/news/uk-26064368#

Unit 2: The cost of economic growth in India: Ill health from air pollution

Looks pretty bad reports the BBC

http://www.bbc.co.uk/news/world-26089336#

Unit 1: Rising demand for plastic surgery in the UK

A clip from the BBC explains why

http://www.bbc.co.uk/news/health-26013348#

Unit 1: Enforcing regulations: Problems in the tattoo industry

An informative clip from the BBC

http://www.bbc.co.uk/news/uk-26013128#

Unit 1: Increasing demand for butter

....reports Sky

http://news.sky.com/story/1204561/demand-for-real-butter-is-spreading

Unit 2: How "good" is the recent UK economic growth?

One of the evaluative points when discussing this question would be "how have the gains from growth been distributed?"
This post from Ch4 is illuminating

http://www.channel4.com/news/london-north-south-divide-cities

..and this compares London against Sheffield

http://www.bbc.co.uk/news/uk-25921563#

Unit 2 : Macro data: Jan 2014

There is a link in this tutor2u post to updated charts

http://www.tutor2u.net/blog/index.php/economics/comments/uk-economic-recovery-gathers-momentum?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:10:24:25Z

Unit 2: GDP grows at its fatest rate since the recession

....reports Sky

http://news.sky.com/story/1202205/economy-grows-at-fastest-rate-since-crash

and in the USA as well

http://news.sky.com/story/1203775/us-growth-hits-3-2-percent-in-last-quarter-of-2013

Why has Japan got a trade deficit?

Great clip from the BBC

http://www.bbc.co.uk/news/business-25910973#

Unit 1: The first controls on the e-cigarette market

Under 18's are to be banned from buying them reports the BBC

http://www.bbc.co.uk/news/uk-25901267# video

http://www.bbc.co.uk/news/uk-25900542# article

Unit 2: Jan 2014: Falling unemployment

Good news from the latest data

http://www.bbc.co.uk/news/business-25842807#

Unit 1: Should government intervene in the market?

You would think so if there are negative externalities like.....death!

http://www.bbc.co.uk/news/health-25839297#

Unit 2: Unemployment data charts

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/6-charts-on-uk-unemployment-and-the-labour-market

Unit 2: A minimum wage history

....from the Guardian. Particularly interesting is the graph showing the change in the minimum wage adjusted for inflation

http://www.theguardian.com/news/datablog/2013/oct/01/uk-minimum-wage-history-in-numbers

Unit 2: Rising and falling prices within the CPI

This is from the states, but clearly shows how the CPI measures AVERAGE price changes

http://www.npr.org/blogs/money/2014/01/14/262500020/expensive-bacon-cheap-tvs-and-other-price-trends-from-2013?ft=1&f=93559255

Unit 1: How to tackle the problem of obesity

Interesting clip from the BBC

http://www.bbc.co.uk/news/health-25720618#

Unit 1: The effect of anti smoking legislation/taxation on US smoking over 50 years

Great clip showing how effective government intervention can be in reducing market failure

http://www.youtube.com/watch?v=j1cSywnzmpo

Unit2: Inequity in income and wealth in the USA

Great data in this clip from Aljazeera

http://www.youtube.com/watch?v=G2uefdapfUM

Unit 2: European macro data: Eurostat link

http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/

Unit 2: Wealth distribution in Scotland

An amazing statistic from BBC Scotland

http://www.bbc.co.uk/news/uk-scotland-25650876#

Unit 1: Information failure: Tanning injections

Is this a market which suffers from market failure and so requires greater government intervention?

http://www.bbc.co.uk/news/uk-england-25560426#

Unit 1: Information failure: Added sugar in food

Interesting clip from the BBC

http://www.bbc.co.uk/news/health-25673751#

Unit 2: Macro date Jan 2014

Thanks to economicshelp

http://www.economicshelp.org/blog/9692/economics/uk-economy-2014/

Unit 2: Evaluation of unemployment: By ethnicirty

Fantastic interactive resource from the Guardian

http://www.theguardian.com/news/datablog/2014/jan/08/rising-unemployment-for-uk-ethnic-minorities-race-whos-affected

Unit 2: Pollution in China: A cost of economic growth

Thanks to Aljazeera for this

http://www.youtube.com/watch?v=ZLmL1vhOZss

and this

http://www.youtube.com/watch?v=rog0Kk8DjDw

.....and the BBC

http://www.bbc.co.uk/news/world-asia-china-25643193#

Unit 1 Budget deficits; the current position

Nice clip from the BBC

http://www.bbc.co.uk/news/business-25632131#

Unit 2: The multiplier effect of Australian mining

As explained in this Aljazeera video

http://www.youtube.com/watch?v=sRlHJqS5Bmw

Unit 2: The costs of economic growth: Obesity

As reported by Aljazeera

http://www.youtube.com/watch?v=7YpFk9nwGAk

Unit 1: Capturing cow's burps and the resulting positive externalities

Not your usual story, but if this process is adopted widely, there won't only be private benefits to the farmers (ie nearly free energy), but also a positive externality as the rest of society will benefit from lower global warming

http://www.bbc.co.uk/news/science-environment-25264045#

Unit 1: Information failure: How much sugar in a bottle of coke?

Do you know how may calories you consume when you drink a Coke? This Newsnight clip may be illuminating if you have no idea

http://www.youtube.com/watch?v=ugFock3p2xE

Unit 1: Legal highs: The difficulty of enforcing legislation/regulation

The problem is shown clearly by Aljazeera

http://link.brightcove.com/services/player/bcpid1659202292001?bckey=AQ~~,AAAAmtVJIFk~,TVGOQ5ZTwJbsT0Mq3k9H8GCa4jV3vL4M&bctid=3008780245001

Unit 1: Mining: A capital intensive industry

Nice clip from Aljazeera

http://bcove.me/7crh93gv

Unit 2: Happy Birthday GDP

....reports this BBC video

http://www.bbc.co.uk/news/business-25587089#

Unit 1: Ireland has more "land" as they find gold!

....reports the BBC

http://www.bbc.co.uk/news/business-25558554#

Unit 1: New year, new laws/regulations

The New Year has seen a raft of new legislation/regulation around the world as reported in the Guardian

http://www.theguardian.com/law/2013/dec/31/new-year-new-rules-changes-2014

Look at the laws introduced in each country and ask yourself
a) Is there a market failure this law is setting out to correct?
b) If so, evaluate the likely success of the legislation in reducing the market failure

Unit 2: The cost of youth unemployment

Sky news has this depressing report from the Prince's Trust

http://news.sky.com/story/1189394/jobless-youngsters-have-nothing-to-live-for

...and the BBC

http://www.bbc.co.uk/news/uk-scotland-25575182#

Unit 1: New regulations re food waste recycling in Scotland

....reports the BBC

http://www.bbc.co.uk/news/uk-25566307#

Unit 1: Allocative efficiency in music distribution

More changes in the way music is produced, reports sky

http://news.sky.com/story/1189076/online-music-streaming-doubles-in-uk-in-2013

Unit 2: The Tour de France in the UK and the resulting multiplier effect

Who knows how large it will be, but Sky news reports the nice round figure of £100m.....ie they have just picked a random number!

http://news.sky.com/story/1189274/tour-de-france-lending-boost-for-Yorkshire

More from the BBC

http://www.bbc.co.uk/news/business-23260441
http://www.bbc.co.uk/sport/0/cycling/21888502