Bryn's AS Economics Blog: 2016

It's important to realised that the aim of government intervention in markets is to reduce externalities so that output is at the social optimum> Is this an example of such a policy?

http://video.aljazeera.com/channels/eng/videos/canadian-charities-try-new-method-to-help-alcohol-addicts/5251933039001

Wednesday, December 14, 2016

Fines to deter consuming goods with negative externalitiies

Yaya Toure fined £54,000 for dink driving
http://www.telegraph.co.uk/news/2016/12/13/manchester-citys-yaya-toure-denies-consuming-alcohol-intentionally/

Friday, December 09, 2016

Legislation to reduce pollution

Paris has tried this before, but will it work?
http://www.bbc.co.uk/news/world-europe-38248648

Impact of migration

Thanks to Sky
http://news.sky.com/story/food-prices-will-rise-without-eu-workers-industry-warns-10688728

The impact of tariffs

Nice summary from economicshelp
http://www.economicshelp.org/blog/24571/trade/impact-of-us-tariffs/

Wednesday, December 07, 2016

Negative externalities in production: Bolivia's proposed dam

Thanks to Aljazeera
https://www.youtube.com/watch?v=XJnPoW1UNNc

Monday, December 05, 2016

Action to reduce city air pollution

A diesel car ban? Aljazeera reports
http://video.aljazeera.com/channels/eng/videos/four-cities-pledge-diesel-ban-to-fight-pollution/5234265397001

Saturday, December 03, 2016

Mobility of labour

Nice summary from economicshelp
http://www.economicshelp.org/blog/24414/labour-markets/mobility-of-labour/

Thursday, December 01, 2016

OPEC and the oil price

Do they still have the power to move the oil price? Aljazeera reports
http://video.aljazeera.com/channels/eng/videos/oil-prices-surge-as-opec-reaches-production-deal/5230466843001

The unintended consequences of taxing cigarettes

Thanks to the BBC
http://www.bbc.co.uk/news/uk-38170754 and
video http://www.bbc.co.uk/news/uk-38169677

Wednesday, November 30, 2016

Consumer confidence data

A useful index
http://www.gfk.com/en-gb/insights/report/uk-confidence/

Friday, November 25, 2016

Thursday, November 24, 2016

Specialisation: Making a Vienetta

Thanks to tutor2u
https://www.youtube.com/watch?v=jGJ6RKPHblY

Monday, November 21, 2016

Protectionism: The arguments for

Nice piece on Australia from Aljazeera
http://video.aljazeera.com/channels/eng/videos/is-australia-shifting-away-from-free-trade%3F/5218671946001

Can an economy achieve low unemployment, low inflation and economic growth at the same time?”

Thanks to economicshelp for this evaluation
http://www.economicshelp.org/blog/24015/economics/low-inflation-and-high-growth/

Sunday, November 20, 2016

The effect of a depreciating £

Thanks to sky
http://news.sky.com/story/collapse-in-the-pound-to-push-up-electrical-goods-prices-10667424

Government Capital Spending

Roads! Thanks to sky
http://news.sky.com/story/hammond-plans-to-spend-billions-on-road-rail-and-infrastructure-10664680
Broadband!
http://news.sky.com/story/hammond-to-pledge-1631bn-for-rolling-out-full-fibre-broadband-10667096

Friday, November 18, 2016

Depeciating currency and import prices for consumers

An interesting post from Sky reveals there may not be that close a link
http://news.sky.com/story/tesco-tells-suppliers-not-to-hike-prices-due-to-weak-pound-10661055

Falling prices for luxury homes: Supply and demand in action

Thanks to sky
http://news.sky.com/story/barratt-developments-takes-10-off-most-expensive-london-homes-10659272

How does inflation affect firms?

Thanks to economicshelp
http://www.economicshelp.org/blog/1017/inflation/how-does-inflation-affect-firms/

Tuesday, November 15, 2016

CPI inflation: October 2016

I've added this post mainly for the 10 year graph included
http://www.bbc.co.uk/news/business-37986365

Monday, November 14, 2016

Volatile agricultural products

Thanks to economicshelp for this
http://www.economicshelp.org/blog/23840/economics/what-causes-price-fluctuations-in-agricultural-markets/

Sunday, November 13, 2016

Carbon capture and sustainable development

Great new idea form Iceland via Aljazeera
http://video.aljazeera.com/channels/eng/videos/climate-sos%3A-icelands-new-carbon-capture-storage/5207376710001

New technology in rice farming

This report from Aljazeera
http://video.aljazeera.com/channels/eng/videos/will-kenya-revolutionise-africas-rice-production%3F/5207370970001

Saturday, November 12, 2016

How much does doing the chores add to UK GDP?

Problems with measuring GDP are numerous. This report, highlighted by tutor2u explains why it might understate output
http://www.tutor2u.net/economics/blog/how-much-does-doing-the-chores-add-to-uk-gdp?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2012th%20November%202016&utm_content=Economics%20daily%20digest%20Sat%2012th%20November%202016+CID_3d5718a6961c4bae44434165b8fe3300&utm_source=CampMonitor&utm_term=How%20much%20does%20doing%20the%20chores%20add%20to%20UK%20GDP%20The%20ONS%20has%20attempted%20to%20value%20the%20non-traded%20sector%20of%20economic%20activity%20-%20housework%20and%20DIY%20-%20to%20the%20UK%20economy%20Its%20value%20More%20than%201%20trillion%20per%20annum%20equivalent%20to%2056

Friday, November 11, 2016

Guidance for setting monetary policy

Thanks to economicshelp for this excellent summary

Tuesday, November 08, 2016

A reason why the official inflation rate may not represent the cost of living

Toblerone! Thanks to Sky
http://news.sky.com/story/toblerone-fans-distressed-as-bar-changes-shape-and-gets-smaller-10649876
and the BBC
http://www.bbc.co.uk/news/business-37908692
and
http://www.bbc.co.uk/news/uk-37904703

Apparently, it's called "shrinkflation". Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/24369/inflation/shrinkflation/

Monday, November 07, 2016

Economies of scale at BA

Thanks to Sky
http://news.sky.com/story/british-airways-shrinking-seat-space-to-increase-capacity-on-boeing-777-economy-flights-10649264

Sunday, November 06, 2016

Ecsatcy (MDMA): A market with information failure?

It would appear so from this Guardian article
https://www.theguardian.com/society/2016/nov/04/mdma-ecstasy-poses-greater-danger-to-women-than-men-warn-scientists

Delhi's pollution

Listen to the 3rd parties, courtesy of the BBC
http://www.bbc.co.uk/news/world-asia-37891383

Frictional unemployment

Thanks to tutor2u for finding this
https://www.youtube.com/watch?v=kU11c094ykM

Overcapacity in the container shipping industry

Lots of supply, demand and elasticity in this BBC clip
http://www.bbc.co.uk/news/business-37873432

What is quantitative easing?

Thanks to the BBC
http://www.bbc.co.uk/news/business-37852849

Wednesday, November 02, 2016

Weak pound no cure for long term UK economic ills

Some nice evaluation points in this tutor2u post
http://www.tutor2u.net/economics/blog/weak-pound-no-cure-for-long-term-uk-economic-ills?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2031st%20October%202016&utm_content=Economics%20daily%20digest%20Mon%2031st%20October%202016+CID_ff3c12b51f8758f1b811f7958f419511&utm_source=CampMonitor&utm_term=Weak%20pound%20no%20cure%20for%20long%20term%20UK%20economic%20ills%20Phillip%20Inman%20looks%20here%20at%20the%20suggestion%20that%20a%20weaker%20pound%20will%20be%20beneficial%20for%20the%20UK%20economy

Why have free trade

Thanks for tutor2u for finding this
https://www.youtube.com/watch?v=ZottWi2yHgI

CETA: EU:Canada trade deal

Explained by Aljazeera
http://video.aljazeera.com/channels/eng/videos/what-is-ceta%3F/5190333001001

Inflation could soar to 4% next year amid impact of Brexit

So reports Sky
http://news.sky.com/story/cbi-slashes-growth-forecast-for-next-year-blaming-impact-of-brexit-10641203

The double-sided nature of post Brexit devaluation

Nicely summarised by Sky
http://news.sky.com/story/pound-slide-boosts-exporting-but-raises-production-costs-for-firms-10640672

Predicting inflation

Thanks to economicshelp
http://www.economicshelp.org/blog/23514/inflation/predicting-inflation-in-the-short-term/

Problems of Agriculture – Market Failure

Thanks to economicshelp
http://www.economicshelp.org/blog/4977/economics/problems-of-agriculture-market-failure/

Monday, October 31, 2016

Externality: Delhi's air pollution problem

Thanks to the BBC
http://www.bbc.co.uk/news/world-asia-india-37822000

Saturday, October 29, 2016

What is GDP?

60 second explanation from the BBC
http://www.bbc.co.uk/news/business-37766625

Wednesday, October 26, 2016

Income inequality: The closing male/female gap

Thanks to Sky
http://news.sky.com/story/gender-pay-gap-falls-to-20-yearr-low-for-full-time-workers-10632897

Tuesday, October 25, 2016

Market share data

Some market share data in this presentation fro tutor2u
https://www.dropbox.com/s/bqcddivkmmmvvsb/Business_Charts_Oct_2016.pptx?dl=0

Monday, October 24, 2016

Diabetes: The private and external costs

Great article (including video clips)from BBC
http://www.bbc.co.uk/news/health-37720610

Macro charts October 2016

Thanks to tutor2u
https://www.dropbox.com/s/wt9h0jdh770i1gh/UK_Charts_Oct_2016.pptx?dl=0

Saturday, October 22, 2016

Video streaming' still a highly contestable market?

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/netflix-subscriber-numbers-soar-is-video-streaming-still-a-highly-contestable-market?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2019th%20October%202016&utm_content=Economics%20daily%20digest%20Wed%2019th%20October%202016+CID_d2f70d5fdd5d5086fa24e67b67b50a91&utm_source=CampMonitor&utm_term=Netflix%20subscriber%20numbers%20soar%20-%20is%20video%20streaming%20still%20a%20highly%20contestable%20market%20Here%20at%20tutor2u%20weve%20often%20quoted%20the%20video%20streaming%20market%20as%20one%20that%20could%20be%20classed%20as%20a%20good%20example%20of%20a%20highly%20contestable%20market%20This%20is%20on%20the

Cross Elasticity of demand: Electric cars and oil

Thanks for tutor2u for finding this
https://www.youtube.com/watch?v=9za_GVjso2E

Balance of Payments data and explanation

Half way down this post from economicshelp
http://www.economicshelp.org/blog/23276/exchange-rates/was-the-pound-really-overvalued/

Thursday, October 20, 2016

Regulation is the easy part; enforcement is more difficult

Sky reports
http://news.sky.com/story/china-raps-firms-over-smog-emission-levels-10624635

Declining world wine output

As reported by Sky
http://news.sky.com/story/wine-production-near-lowest-for-20-years-because-of-bad-weather-10624523

Monday, October 17, 2016

Tragedy of the commons: Fishing off Mauritania

Thanks to the BBC
http://www.bbc.co.uk/news/world-africa-37658102

Sunday, October 16, 2016

Senegal's inability to cold store fresh crops

Does that make the supply of Senegal's crops price elastic or price inelastic?

Thanks to Aljazeera

http://video.aljazeera.com/channels/eng/videos/senegal%3A-lack-of-storage-facilities-curbs-farmers-produce-profits/5172426901001

Saturday, October 15, 2016

Is the supply of electricity price elastic or inelastic?

Of course, the answer depends on the time period considered, but this Guardian article explains the coming winter in the UK
https://www.theguardian.com/environment/2016/oct/14/winter-electricity-blackouts-risk-recedes-says-national-grid

Gender pay gap widest when people are in their fifties

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/gender-pay-gap-widest-when-people-are-in-their-fifties?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2015th%20October%202016&utm_content=Economics%20daily%20digest%20Sat%2015th%20October%202016+CID_05c264cb38dd4a14596c5047c10b9a7f&utm_source=CampMonitor&utm_term=Gender%20pay%20gap%20widest%20when%20people%20are%20in%20their%20fifties%20The%20TUC%20have%20analysed%20the%20gender%20pay%20gap%20and%20discovered%20that%20it%20exists%20at%20all%20ages%20but%20is%20most%20marked%20when%20women%20are%20in%20their%2050s%20largely%20as%20a%20result

Friday, October 14, 2016

Current account and exchange rate data

...in htis post on the exchange rate from economicshelp
http://www.economicshelp.org/blog/23037/economics/would-the-pound-have-fallen-without-brexit/

Thursday, October 13, 2016

Welfare "reforms": A supply side success or failure

Great clip from the BBC
http://www.bbc.co.uk/news/uk-politics-37648864

Sunday, October 09, 2016

Wage discrimination

Thanks to tutor2u for these case studies in the second link on this page
http://www.tutor2u.net/economics/blog/teaching-income-inequality-and-wage-discrimination?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%205th%20October%202016&utm_content=Economics%20daily%20digest%20Wed%205th%20October%202016+CID_30823ccbf0881d7283407d5fdd939e98&utm_source=CampMonitor&utm_term=Teaching%20Income%20Inequality%20and%20Wage%20Discrimination%20Here%20are%20the%20resources%20mentioned%20in%20the%20this%20weeks%20webinar%20on%20Teaching%20Income%20Inequality%20and%20Wage%20Discrimination
and the webinar
https://www.youtube.com/watch?v=dds6yo3d57g

Wage discrimination

Contestable markets

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/blog/teaching-contestable-markets-webinar-resources?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%208th%20October%202016&utm_content=Economics%20daily%20digest%20Sat%208th%20October%202016+CID_f2844eec1428ab556bacb58d7498b69a&utm_source=CampMonitor&utm_term=Introduction%20to%20Teaching%20Contestable%20Markets%20Webinar%20Resources%20Here%20are%20the%20teaching%20%20learning%20resources%20from%20and%20recording%20of%20the%20recent%20CPD%20Webinar%20which%20provided%20an%20introduction%20to%20Teaching%20Contestable%20Markets

Behavioural Economics: Tutor2u summary

https://www.youtube.com/watch?v=ORjqrYGwE8o and
http://www.tutor2u.net/economics/blog/what-you-need-to-know-if-you-are-teaching-behavioural-economics-for-the-first-time?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%206th%20October%202016&utm_content=Economics%20daily%20digest%20Thu%206th%20October%202016+CID_9eb3e242523030923223bbdc43f881c3&utm_source=CampMonitor&utm_term=What%20You%20Need%20to%20Know%20if%20you%20are%20Teaching%20Behavioural%20Economics%20for%20the%20First%20Time%20Here%20are%20the%20resources%20from%20the%20CPD%20webinar%20entitled%20What%20you%20Need%20to%20Know%20if%20you%20are%20Teaching%20Behavioural%20Economics%20for%20the%20First%20Time

Growth in China

Great clip found by tutor2u
https://www.youtube.com/watch?time_continue=81&v=S8lIIFqZ9WQ

Opportunity cost: Forest of cocoa?

Nice clip from the BBC
http://www.bbc.co.uk/news/business-37585470

The demise of Blackberry

Oh, how the (once) mighty have fallen. This data on tutor2u could be used in many areas of Economics
http://www.tutor2u.net/economics/blog/shut-down-points-the-rise-and-fall-of-blackberry?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%201st%20October%202016&utm_content=Economics%20daily%20digest%20Sat%201st%20October%202016+CID_a553b90e92bc0818bd13f60ea1d7b06a&utm_source=CampMonitor&utm_term=Shut%20Down%20Points%20The%20Rise%20and%20Fall%20of%20Blackberry%20It%20has%20taken%20some%20time%20but%20since%202010%20the%20decline%20in%20market%20share%20for%20Blackberry%20handsets%20has%20been%20nothing%20short%20of%20calamitous%20The%20number%20of%20sales%20has%20collapsed%20from%20over%2050%20million

The 5p plastic bag charge: Nudges and behavioural economics

Thanks to tutor2u for finding this
https://www.youtube.com/watch?v=mefnkTcTCV4

The Bank of England and the financial system

This BBC site could be helpful
http://edu.bankofengland.co.uk/knowledgebank/

Friday, October 07, 2016

Is international trade always good for the economy?

Thanks to the BBC
http://www.bbc.co.uk/news/business-37585477

Monday, September 26, 2016

Factors that affect foreign direct investment (FDI)

Thanks to economicshelp
http://www.economicshelp.org/blog/15736/economics/factors-that-affect-foreign-direct-investment-fdi/

Sunday, September 25, 2016

Basic income: A guide

Thanks to tutor2u for finding this clip
https://www.youtube.com/watch?time_continue=44&v=_EIGfzKvg5I

Market structure:Ice cream

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/tesco-dominates-the-uk-ice-cream-market?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2019th%20September%202016&utm_content=Economics%20daily%20digest%20Mon%2019th%20September%202016+CID_1f02621b69f14d11b616a2de21f8b7e8&utm_source=CampMonitor&utm_term=Tesco%20dominates%20the%20UK%20ice-cream%20market%20They%20seem%20to%20have%20got%20it%20licked%20judging%20by%20the%20latest%20data%20on%20ice-cream%20sales%20in%20the%20UK%20Tesco%20has%20just%20over%2027%20of%20take-home%20sales%20of%20ice%20creams%20although%20Lidl

Saturday, September 24, 2016

The Epi-pen: A case for maximum pricing?

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/mylan-ceo-faces-tough-questioning-in-congressional-epipen-hearing/5136391684001

Friday, September 23, 2016

South Africa's sugar tax

Pros and cons from the BBC
http://www.bbc.co.uk/news/business-37451995

Thursday, September 15, 2016

Britain's Government Debt - Who is Buying It?

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/britains-government-debt-who-is-buying-it?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2015th%20September%202016&utm_content=Economics%20daily%20digest%20Thu%2015th%20September%202016+CID_e2dcf4bfdfa2557f069d6b65f2c9355e&utm_source=CampMonitor&utm_term=Britains%20Government%20Debt%20-%20Who%20is%20Buying%20It%20This%20is%20a%20superbly%20clear%20short%20video%20from%20the%20Financial%20Times%20on%20how%20the%20UK%20government%20must%20compete%20on%20then%20global%20market%20for%20investors%20prepared%20to%20buy%20new%20issues%20of

Wednesday, September 14, 2016

UK income and wealth inquality

Thanks to the BBC
http://www.bbc.co.uk/news/business-37341095

Monday, September 12, 2016

Externalities imposed on seaweed farmers

Thanks to the BBC
http://www.bbc.co.uk/news/business-37335618

Sunday, September 11, 2016

Government failure - green heating plans branded a 'total waste of money'

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/government-failure-green-heating-plans-branded-a-total-waste-of-money?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2010th%20September%202016&utm_content=Economics%20daily%20digest%20Sat%2010th%20September%202016+CID_e11114a3334a7f0afbb2dbe791074707&utm_source=CampMonitor&utm_term=Government%20failure%20-%20green%20heating%20plans%20branded%20a%20total%20waste%20of%20money%20If%20you%20want%20an%20example%20of%20government%20failure%20then%20I%20give%20you%20Exhibit%20A%20But%20what%20does%20the%20term%20mean

Youth unemployment rates in the EU

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/the-chasm-in-youth-unemployment-rates-in-europe?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sun%2011th%20September%202016&utm_content=Economics%20daily%20digest%20Sun%2011th%20September%202016+CID_d4fc7ca225b91acde079b825a19f26c2&utm_source=CampMonitor&utm_term=The%20Chasm%20in%20Youth%20Unemployment%20Rates%20in%20Europe%20This%20remarkably%20pertinent%20and%20thoughtful%20article%20from%20the%20Guardian%20contrasts%20two%20regions%20of%20one%20single%20market%20-%20Calabria%20Italy%20and%20Bavaria%20Germany%20which%20have%20vastly%20different%20rates%20of%20youth%20unemployment

Wednesday, September 07, 2016

The Prisoner's Dilemma Explained in One Minute

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/the-prisoners-dilemma-explained-in-one-minute?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%206th%20September%202016&utm_content=Economics%20daily%20digest%20Tue%206th%20September%202016+CID_ebb524ff5569934df7e310cfff2f2176&utm_source=CampMonitor&utm_term=The%20Prisoners%20Dilemma%20Explained%20in%20One%20Minute%20If%20youve%20never%20heard%20about%20game%20theory%20before%20or%20have%20but%20are%20not%20all%20that%20confident%20youve%20fully%20understood%20the%20concept%20this%20prisoners%20dilemma%20video%20is%20worth%20watching

Sunday, September 04, 2016

Youth unemployment in the UK

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/eu-levels-of-youth-unemployment-in-some-uk-areas?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2031st%20August%202016&utm_content=Economics%20daily%20digest%20Wed%2031st%20August%202016+CID_d54599408aa0ab0f47fc478d94d7378f&utm_source=CampMonitor&utm_term=EU%20levels%20of%20youth%20unemployment%20in%20some%20UK%20areas%20An%20Ernst%20%20Young%20report%20details%20the%20highly%20regional%20nature%20of%20unemployment%20a%20quarter%20of%20young%20people%20in%20Bradford%20Middlesbrough%20Swansea%20and%20Wolverhampton%20are%20unemployed%20an%20almost-European%20level%20of%20youth%20unemployment

Re-nationalise the railways?

Thanks to the BBC and tutor2u
http://www.tutor2u.net/economics/blog/should-the-uk-railways-be-re-nationalised?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2031st%20August%202016&utm_content=Economics%20daily%20digest%20Wed%2031st%20August%202016+CID_d54599408aa0ab0f47fc478d94d7378f&utm_source=CampMonitor&utm_term=Should%20the%20UK%20railways%20be%20re-nationalised%20This%20short%20video%20from%20Chris%20Cook%20of%20BBC%20Newsnight%20looks%20at%20some%20of%20the%20arguments%20for%20and%20against%20taking%20train%20operating%20services%20back%20into%20state%20ownership

Saturday, September 03, 2016

Maximum pricing: Kenyan bank loans

Thanks to the BBC
http://www.bbc.co.uk/news/business-37260618

Merger: Wimpey snaps up Gourmet Burger Kitchen

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/wimpey-snaps-up-gourmet-burger-kitchen?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%203rd%20September%202016&utm_content=Economics%20daily%20digest%20Sat%203rd%20September%202016+CID_51c45b61f4a8a29584b8cb192ecdb492&utm_source=CampMonitor&utm_term=Wimpey%20snaps%20up%20Gourmet%20Burger%20Kitchen%20Another%20merger%20story%20-%20although%20it%20seems%20to%20be%20a%20case%20of%20conglomerate%20merger%20South%20African%20firm%20Famous%20Brands%20already%20owns%20Wimpy%20and%20has%20decided%20to%20buy%20Gourmet%20Burger%20Kitchen

Tuesday, August 30, 2016

FDI into the UK increases

So reports the BBC
http://www.bbc.co.uk/news/business-37216175
and Ch4
http://news.sky.com/story/foreign-investment-in-uk-reaches-record-level-10557757

FDI into the UK increases

So reports the BBC
http://www.bbc.co.uk/news/business-37216175
and Ch4
http://news.sky.com/story/foreign-investment-in-uk-reaches-record-level-10557757

Saturday, August 27, 2016

EpiPen: A case of inelastic demand being exploited?

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/epipen-price-hike-sparks-anger-in-us/5098366887001

The response of the firm was
http://www.bbc.co.uk/news/business-37215189

EpiPen: A case of inelastic demand being exploited?

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/epipen-price-hike-sparks-anger-in-us/5098366887001

The response of the firm was
http://www.bbc.co.uk/news/business-37215189

Demand for halal food

Thanks to the BBC
http://www.bbc.co.uk/news/uk-37199807

Friday, August 26, 2016

New evidence on labour market hysteresis

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/new-evidence-on-labour-market-hysteresis?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2026th%20August%202016&utm_content=Economics%20daily%20digest%20Fri%2026th%20August%202016+CID_135f12856c5d015b0df52dec3160644d&utm_source=CampMonitor&utm_term=New%20evidence%20on%20labour%20market%20hysteresis%20The%20longer%20youre%20unemployed%20the%20less%20likely%20you%20are%20to%20find%20a%20job

Wednesday, August 24, 2016

Plastic Microbeads: MPs Call For Total Ban On Use In Products

Is this an example of market failure that needs government intervention?
http://news.sky.com/story/plastic-microbeads-mps-call-for-total-ban-on-use-in-products-10549243

Slump In Sterling Boosts UK Export Orders

Thanks to Sky
http://news.sky.com/story/slump-in-sterling-boosts-uk-export-orders-10548542

Thursday, August 18, 2016

Positive externality: Olympic leftovers feed Rio's homeless

Thanks to the BBC
http://www.bbc.co.uk/news/world-latin-america-37114979

Protectionism in Australia?

Thanks to the BBC
http://www.bbc.co.uk/news/business-37112877
and
http://www.bbc.co.uk/news/business-37118481
and Aljazeera
http://video.aljazeera.com/channels/eng/videos/australia-blocks-chinese-bids-for-energy-grid/5090251613001

Capital intensive production: Amazon's new robots

Thanks to the BBC
http://www.bbc.co.uk/news/business-37114318

Monday, August 15, 2016

S&D: The NZ dairy industry

Thanks to the FT
https://www.youtube.com/watch?v=H-9MYXwAbOw

Information failure: Dietary supplements: No positive health effects

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/dietary-supplements%3A-no-positive-health-effects/5080927779001

Negative externalities: New Mekong dams to affect millions in Vietnam

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/new-mekong-dams-to-affect-millions-in-vietnam/5083271332001

The changing demand for sparking wine

Thanks to Sky for these 2 posts
http://news.sky.com/story/prosecco-overtakes-champagne-for-the-first-time-10348933
http://news.sky.com/story/prosecco-sales-sparkle-as-brits-develop-thirst-for-fizz-10537182

Thursday, August 11, 2016

Ladbrokes and Coral merger approved

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/ladbrokes-and-coral-merger-approved?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2027th%20July%202016&utm_content=Economics%20daily%20digest%20Wed%2027th%20July%202016+CID_9ea2b82f898c634bd78925e62790ddb8&utm_source=CampMonitor&utm_term=Ladbrokes%20and%20Coral%20merger%20approved%20I%20once%20had%20two%20students%20in%20my%20class%20who%20were%20both%20called%20William%20Hill%20I%20thought%20whats%20the%20odds%20on%20that

Wednesday, August 10, 2016

Specialisation: Rice planting

Fantastic clip
https://www.facebook.com/naniedinsay/videos/10206906992412945/

Tuesday, August 09, 2016

Derived demand: Craft beer and hops

Thanks to the BBC
http://www.bbc.co.uk/news/business-37016124

Saturday, August 06, 2016

The pound depreciates as interest rates are cut

So reports Sky
http://news.sky.com/story/pound-down-following-interest-rate-decision-10522884

EU steel tariff

Explained by Sky
http://news.sky.com/story/eu-imposes-tariffs-to-prevent-steel-dumping-10522719

Monetary policy measures

It's not only the cut in interest rates announced by the BoE
sky http://news.sky.com/story/bank-of-englands-package-is-radical-stuff-10522411
BBC http://www.bbc.co.uk/news/business-36972666
Aljazeera http://video.aljazeera.com/channels/eng/videos/uk-cuts-interest-rates-as-british-economy-slumps/5071485826001

Monetary policy measures

Tuesday, August 02, 2016

Negative externalities from pig production in the USA

Thanks to aljazeera
http://video.aljazeera.com/channels/eng/videos/us-investigates-hog-farm-pollution-complaints-in-north-carolina/5067088154001

Another economic stimulus in Japan

This fiscal stimulus (with supply side effects as well) allied to easing monetary policy is meant to stimulate the Japanese economy....................but will it?

Thanks to Aljazeera

http://video.aljazeera.com/channels/eng/videos/japan-approves-%24275bn-stimulus-plan-to-boost-economy/5068294866001

Saturday, July 30, 2016

Negative externalities from Swedish mining

Great example fron Aljazeera
http://video.aljazeera.com/channels/eng/videos/sweden%E2%80%99s-kiruna-mine-forces-residents-to-relocate/5065404468001

Friday, July 29, 2016

The camel milk market

Lots about S&D and elasticity in these BBC clips
Camel milk http://www.bbc.co.uk/news/business-36608534
Angora goats http://www.bbc.co.uk/news/business-36608536

Wednesday, July 27, 2016

Trade restrictions relaxed: British lamb

Thanks to sky
http://news.sky.com/story/british-lamb-heads-for-us-tables-after-20-years-10514044

Specialisation: Sheep shearing

I love this
http://www.bbc.co.uk/news/uk-england-cornwall-36899654

Tuesday, July 26, 2016

UK families struggle with rising child poverty

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/uk-families-struggle-with-rising-child-poverty/5048825743001

Verizon agrees to buy Yahoo's web assets for $4.8bn

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/verizon-agrees-to-buy-yahoos-web-assets-for-%244.8bn/5049931956001

How the housing market affects the economy

Thanks to economicshelp
http://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/

Hailo Takes Fight To Uber With Daimler Deal

Sky reports
http://news.sky.com/story/hailo-takes-fight-to-uber-with-daimler-deal-10512631

Monday, July 25, 2016

UK macroeconomic data 2016

Lots in this economicshelp post
http://www.economicshelp.org/blog/21618/economics/cherry-picking-of-data/

Friday, July 22, 2016

Consumer confidence

Thanks to economicshelp for this
http://www.economicshelp.org/blog/6544/economics/uk-consumer-confidence-2/

Rank And 888 Propose Merger With William Hill

Sky reports
http://news.sky.com/story/rank-and-888-propose-merger-with-william-hill-10512570

Allocative efficiency: The end of VCR production

Reported by Sky
http://news.sky.com/story/remember-vcrs-production-to-end-as-sales-slump-10509632
and the BBC
http://www.bbc.co.uk/news/uk-36896924
and
http://www.bbc.co.uk/news/magazine-36866470

Allocative efficiency: The end of VCR production

Reported by Sky
http://news.sky.com/story/remember-vcrs-production-to-end-as-sales-slump-10509632
and the BBC
http://www.bbc.co.uk/news/magazine-36866470

Inequality in the UK

Thanks to tutor2u for finding this
https://www.youtube.com/watch?v=9JxJQUSUoGI

Wednesday, July 20, 2016

The impact of an ageing population on the economy

Interesting post from economicshelp
http://www.economicshelp.org/blog/8950/society/impact-ageing-population-economy/

Falling UK unemployment.....

...as shown by these pre-Brexit vote figures
http://news.sky.com/story/unemployment-rate-falls-to-lowest-since-2005-10506864

Tuesday, July 19, 2016

What is the importance of economics?

Nice selection of reasons from economicshelp
http://www.economicshelp.org/blog/33/economics/the-importance-of-economics/

Why some inflation is a good thing

One possible reason explained by the BBC
http://www.bbc.co.uk/news/business-36837844

Monday, July 18, 2016

Takeover: Softbank of ARM

Thanks to Sky
http://news.sky.com/story/iphone-chip-supplier-arm-in-16324bn-takeover-deal-10504914
and the BBC
http://www.bbc.co.uk/news/technology-36827115
and the CEN
http://www.cambridge-news.co.uk/cambridge-based-firm-arm-holdings-in-24billion-japanese-takeover-deal/story-29523664-detail/story.html

Saturday, July 16, 2016

How China continues to grow

Thanks to Sky
http://news.sky.com/story/stimulus-helps-china-maintain-economic-growth-10502162

TTIP: Why are the talks taking so long?

Thanks to the BBC
http://www.bbc.co.uk/news/business-36803444

The great recession 2008-13

Thanks to economicshelp
http://www.economicshelp.org/blog/7501/economics/the-great-recession/

Thursday, July 14, 2016

UK Economic performance 2010-2016

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/21496/economics/economic-record-of-osborne-and-cameron-2010-2016/

Collusion – meaning and examples

Thanks to economicshelp
http://www.economicshelp.org/blog/21475/economics/collusion-meaning-and-examples/

Tuesday, July 12, 2016

A move towards sustainability in Singapore?

Thanks to the BBC
http://www.bbc.co.uk/news/business-36769085

A move towards sustainability in Singapore?

Thanks to the BBC
http://www.bbc.co.uk/news/business-36769085

India's experiment with a fat tax

Thanks to the BBC for this
http://www.bbc.co.uk/news/business-36770308

Pareto improvement

Thanks to economicshelp for this
http://www.economicshelp.org/blog/21435/economics/pareto-improvement/

Germany’s current account surplus

Thanks to economicshelp for this interesting post
http://www.economicshelp.org/blog/6363/economics/germanys-current-account-surplus/

What is the effect of a rise in the minimum wage?

Interesting post from Sky
http://news.sky.com/story/prices-raised-and-profits-cut-for-living-wage-10498357

Sunday, July 10, 2016

Winners and losers from low interest rates

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/21390/interest-rates/winners-and-losers-from-low-interest-rates/

The rise and fall of newspapers: A case of allocative efficiency

Thanks to the BBC
http://www.bbc.co.uk/news/uk-politics-36748388

Wednesday, July 06, 2016

What trade future for the UK outside the EU

Great FT video outlining the options found by tutor2u
https://www.youtube.com/watch?time_continue=286&v=uH_tFEuYT4Y

Horizon: Behavioural economics

Thanks to tutor2u for finding this
https://www.youtube.com/watch?v=7Ha34Vu1zZo

Sunday, July 03, 2016

Negative externalities from illegal mining in Peru

Sad tale from Aljazeera
http://video.aljazeera.com/channels/eng/videos/peru%E2%80%99s-illegal-gold-mining-prompts-public-health-emergency/5013611588001

Saturday, July 02, 2016

What is the economic effect of a cut in immigration?

Thanks to economicshelp for this
http://www.economicshelp.org/blog/21189/economics/what-is-the-economic-effect-of-a-cut-in-immigration/

Friday, July 01, 2016

Falling £ helps UK cheese maker

So reports the BBC
http://www.bbc.co.uk/news/business-36676555

Merger: Foxconn and Sharp

Thanks to the BBC
http://www.bbc.co.uk/news/business-36673728

Wednesday, June 29, 2016

Capital intensive production

Great clip from the BBC
http://www.bbc.co.uk/news/technology-36649673

Saturday, June 25, 2016

Free movement of labour – advantages and disadvantages

Thanks to economicshelp for these 2 posts
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/
http://www.economicshelp.org/blog/21073/labour-markets/problems-of-free-movement-of-labour/

Free movement of labour – advantages and disadvantages

Will Brexit cause recession?

Thanks to economicshelp
http://www.economicshelp.org/blog/21066/economics/will-brexit-cause-recession/

Winners and losers from a weak Pound

Thanks to economicshelp
http://www.economicshelp.org/blog/1882/economics/winners-and-losers-from-weak-pound/

Thursday, June 23, 2016

Negative externalities from Indian dam project

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/india%E2%80%99s-new-dam-project-sparks-protests/4961151319001

The UK National Debt

Thanks to economicshelp
http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

The UK and FDI

Thanks to economicshelp
http://www.economicshelp.org/blog/21007/economics/uk-levels-of-foreign-direct-investment-fdi/

EU: Pros and cons

Thanks to economicshelp
http://www.economicshelp.org/blog/20934/euro/cost-and-benefits-of-eu-in-perspective/

Coffee shop merger

Thanks to Sky for this
http://news.sky.com/story/1716147/tesco-to-sell-coffee-chain-to-caffe-nero

Wednesday, June 22, 2016

Tesla's proposed merger

Thanks to Sky news
http://news.sky.com/story/1715585/tesla-offers-1-91bn-to-buy-solarcity

Tuesday, June 21, 2016

TTIP; the campaigners

Nice clip from the BBC
http://www.bbc.co.uk/news/uk-36581184

Friday, June 17, 2016

Philadelphia introduces a soda tax

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/philadelphia-becomes-first-major-us-city-to-impose-soda-tax/4947120256001

Emigration: A cost of high unemployment

Thanks to Aljazeera for this
http://video.aljazeera.com/channels/eng/videos/unemployment-forcing-niger%E2%80%99s-youth-to-flee/4948437267001

Merger in the cosmetics industry

Thanks to Sky for this
http://news.sky.com/story/1713322/revlon-to-buy-elizabeth-arden-for-300m

Monday, June 13, 2016

Non-tariff barriers to trade with China

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/germanys-merkel-pushes-for-even-trade-with-china/4938055941001

Legislation to reduce market failure

A ban on alcohol near Euro matches, reports Aljazeera
http://video.aljazeera.com/channels/eng/videos/alcohol-banned-near-euro-2016-stadiums-after-fan-violence/4938807584001

Sustainable urban farming in the NL

Interesting BBC report
http://www.bbc.co.uk/news/science-environment-36506160

Mergers: Microsoft buys Linkedin

Thanks to Sky
http://news.sky.com/story/1711272/microsoft-to-purchase-linkedin-for-26-2bn

WTO information

From the horse's mouth
https://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm

Sunday, June 12, 2016

UK government debt and deficit

Thanks to tutor2u for finding this (slightly old) BBC piece
http://www.bbc.co.uk/news/business-25944653

Negative interest rates

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/negative-interest-rates-defy-gravity?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2010th%20June%202016&utm_content=Economics%20daily%20digest%20Fri%2010th%20June%202016+CID_72c5105184bad3c9e0c39a4cf8ce781d&utm_source=CampMonitor&utm_term=Negative%20interest%20rates%20defy%20gravity%20Here%20is%20a%20cartoon%20explainer%20on%20why%20official%20interest%20rates%20are%20now%20negative%20in%20a%20quarter%20of%20the%20global%20economy%20without%20causing%20so%20far%20massive%20cash%20withdrawals

Friday, June 10, 2016

Why an indirect tax may not work

Interesting story from Aljazeera from Thailand
http://video.aljazeera.com/channels/eng/videos/thai-government-offers-cheaper-cigarettes-after-tax-hike/4934554610001

The UK productivity puzzle

Thanks to the BBC for these 2 clips
http://www.bbc.co.uk/news/business-33347300
http://www.bbc.co.uk/news/business-36497843

Brexit: The economics

Thanks to Sky
http://news.sky.com/story/1710018/brexit-your-guide-to-the-economic-debate
and the BBC
http://www.bbc.co.uk/news/uk-politics-eu-referendum-36493630

Wednesday, June 08, 2016

A merger in the restaurant sector

....reports Sky
http://news.sky.com/story/1709009/harry-ramsden-owner-snaps-up-tescos-giraffe

Sunday, June 05, 2016

Should governments intervene in the payday loan market?

Florida may think so, reports Aljazeera
http://video.aljazeera.com/channels/eng/videos/florida-seeks-to-regulate-payday-lenders/4926120056001

Saturday, June 04, 2016

The Good Country Index - another way to compare international progress?

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/the-good-country-index-another-way-to-compare-international-progress?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%204th%20June%202016&utm_content=Economics%20daily%20digest%20Sat%204th%20June%202016+CID_eeec9606c23167af81132f6d0beab558&utm_source=CampMonitor&utm_term=The%20Good%20Country%20Index%20-%20another%20way%20to%20compare%20international%20progress%20The%20new%20specifications%20in%20A%20Level%20Economics%20challenges%20students%20to%20think%20a%20little%20more%20laterally%20about%20what%20is%20meant%20by%20economic%20progress%20and%20growth%20While%20measuring%20GDP%20remains%20significant%20an

Friday, June 03, 2016

Benefits and costs of globalisation

Thanks to tutor2u

Benefits http://www.tutor2u.net/economics/reference/gains-from-globalisation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%203rd%20June%202016&utm_content=Economics%20daily%20digest%20Fri%203rd%20June%202016+CID_56b091b5f2f75119d261d95a87af2a9f&utm_source=CampMonitor&utm_term=Gains%20from%20Globalisation%20Revision%20videos%20In%20this%20short%20revision%20clip%20we%20explore%20some%20of%20the%20claimed%20advantages%20from%20the%20process%20of%20globalisation%20Many%20of%20them%20centre%20around%20the%20gains%20from%20specialisation%20and%20exchange%20across%20national

Costs http://www.tutor2u.net/economics/reference/costs-of-globalisation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%203rd%20June%202016&utm_content=Economics%20daily%20digest%20Fri%203rd%20June%202016+CID_56b091b5f2f75119d261d95a87af2a9f&utm_source=CampMonitor&utm_term=Costs%20of%20Globalisation%20Revision%20videos%20There%20are%20many%20critics%20of%20globalisation%20and%20this%20short%20clip%20looks%20at%20eight%20arguments%20We%20spend%20a%20few%20moments%20considering%20imbalances%20both%20between%20and%20within%20countries%20-%20an%20important%20aspect

Thursday, June 02, 2016

Intervention in Markets - Will the legal highs ban work?

Thanks to the BBC for this
http://www.tutor2u.net/economics/blog/intervention-in-markets-will-the-legal-highs-ban-work?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%201st%20June%202016&utm_content=Economics%20daily%20digest%20Wed%201st%20June%202016+CID_37bfd5fa8e4755e9117bafbff6018fca&utm_source=CampMonitor&utm_term=Intervention%20in%20Markets%20-%20Will%20the%20legal%20highs%20ban%20work%20A%20ban%20on%20the%20sale%20of%20legal%20highs%20has%20come%20into%20force%20in%20England%20But%20will%20be%20ban%20be%20effective%20Or%20does%20it%20risk%20creating%20even%20greater%20harm

What's the effect of a sales tax on the economy?

Japan believes it will decrease consumption according to this Aljazeera report

http://video.aljazeera.com/channels/eng/videos/japan-delays-sales-tax-hike-to-boost-economy/4923133886001

Is this a case of information failure?

Would demand for these really be growing if consumers had full information on the product? Should governments intervene in this new market?
http://www.bbc.co.uk/news/uk-36432082