Saturday, December 31, 2016

Winners and losers from Nicaragua's canal project

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/nicaragua%E2%80%99s-polarising-%2450bn-canal-project/5266775859001

Income inequality in the USA and the minimum wage

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/us%3A-battle-for-minimum-wage-hike-to-intensify-in-2017/5266745436001

Current top trade partners of the United Kingdom

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/current-top-trade-partners-of-the-united-kingdom?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2031st%20December%202016&utm_content=Economics%20daily%20digest%20Sat%2031st%20December%202016+CID_1e5be896bc0a4501de3b1ca03b2f8a7c&utm_source=CampMonitor&utm_term=Current%20top%20trade%20partners%20of%20the%20United%20Kingdom%20Who%20knows%20what%202017%20will%20bring%20But%20this%20chart%20courtesy%20of%20our%20friends%20at%20Trade%20News%20Analysis%20is%20a%20stark%20reminder%20of%20the%20importance%20of%20trade%20with%20fellow%20members%20of%20the

Friday, December 30, 2016

UK trade: EU v non EU

Thanks to the Guardian for this data
The EU buys 44% of the UK's exports and provides 54% of its imports
Share of trade, 2015
EU
Rest of world
Goods exports (EU total £134bn)
Services exports (EU total £89bn)
Combined
Goods imports (EU total £223bn)
Services imports (EU total £68bn)
Combined
0%
25
50
75
100
Guardian graphic | Source: ONS

Sunday, December 18, 2016

Saturday, December 17, 2016

Providing alcoholics with alcohol: A Canadian solution to market failure

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

Tuesday, November 15, 2016

Friday, November 11, 2016

Guidance for setting monetary policy

Thanks to economicshelp for this excellent summary

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/

Saturday, October 29, 2016

Tuesday, October 25, 2016

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

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




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/

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

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, 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, July 29, 2016

Sunday, May 29, 2016

Sustainable growth and development in Bangladesh

Thanks to tutor2u for finding this video
http://www.tutor2u.net/economics/blog/solar-power-growth-and-development-in-bangladesh?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20May%202016&utm_content=Economics%20daily%20digest%20Thu%2012th%20May%202016+CID_c7a7eb39e88073cc9e0cd065ea19f533&utm_source=CampMonitor&utm_term=Solar%20Power%20-%20Growth%20and%20Development%20in%20Bangladesh%20A%20short%20but%20important%20mini%20case%20study%20of%20how%20investment%20in%20renewable%20capacity%20can%20drive%20sustainable%20growth%20and%20development%20in%20Bangladesh%20More%20than%2035%20million%20solar%20home%20systems%20have%20been%20installed

Contestable Markets: Amazon v You Tube

Thanks to tutor2u for finding this video
http://www.tutor2u.net/economics/blog/contestable-markets-amazon-v-you-tube?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20May%202016&utm_content=Economics%20daily%20digest%20Thu%2012th%20May%202016+CID_c7a7eb39e88073cc9e0cd065ea19f533&utm_source=CampMonitor&utm_term=Contestable%20Markets%20Amazon%20v%20You%20Tube%20Everyone%20and%20his%20Mum%20is%20trying%20to%20get%20into%20online%20video%20Amazon%20is%20launching%20a%20new%20service%20allowing%20users%20to%20upload%20content%20in%20the%20early%20stages%20of%20what%20is%20likely

EU Blocks Takeover of O2 by Hutchinson

THanks to tutor2u
http://www.tutor2u.net/economics/blog/eu-blocks-takeover-of-o2-by-hutchinson?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20May%202016&utm_content=Economics%20daily%20digest%20Thu%2012th%20May%202016+CID_c7a7eb39e88073cc9e0cd065ea19f533&utm_source=CampMonitor&utm_term=EU%20Blocks%20Takeover%20of%20O2%20by%20Hutchinson%20Some%20hugely%20important%20competition%20policy%20news%20The%20European%20Union%20Competition%20Commission%20-%20which%20has%20the%20power%20to%20investigate%20the%20competition%20implications%20of%20big%20mergers%20and%20takeovers%20-%20has%20formally%20blocked

UK Economy - Key Indicators

Thanks to tutor2u for this data
http://www.tutor2u.net/economics/reference/uk-economy-key-indicators-may-2016?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2018th%20May%202016&utm_content=Economics%20daily%20digest%20Wed%2018th%20May%202016+CID_5cd9a242e9144dd89865319382a09c8f&utm_source=CampMonitor&utm_term=UK%20Economy%20-%20Key%20Indicators%20May%202016%20Study%20notes%20Here%20is%20a%20one%20page%20summary%20of%20many%20of%20the%20key%20UK%20economic%20indicators%20for%20students%20preparing%20to%20take%20their%20AS%20macro%20exams%20in%20May%202016%20Print%20it%20off%20and%20add

Examples of mergers

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/recent-mergers-examples?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2018th%20May%202016&utm_content=Economics%20daily%20digest%20Wed%2018th%20May%202016+CID_5cd9a242e9144dd89865319382a09c8f&utm_source=CampMonitor&utm_term=Recent%20mergers%20examples%20A%20quick%20trawl%20through%20the%20Economists%20World%20This%20Week%20section%20has%20provided%20a%20set%20of%20great%20examples%20relating%20to%20mergers%20and%20acquisitions%20-%20perfect%20for%20including%20in%20Unit%203%20answers%20to

Current account deficits - when to act?

Thanks to tutor2u for this great little clip
http://www.tutor2u.net/economics/blog/current-account-deficits-when-to-act?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2018th%20May%202016&utm_content=Economics%20daily%20digest%20Wed%2018th%20May%202016+CID_5cd9a242e9144dd89865319382a09c8f&utm_source=CampMonitor&utm_term=Current%20account%20deficits%20-%20when%20to%20act%20What%20are%20Current%20Account%20Deficits%20and%20what%20should%20countries%20do%20if%20anything%20when%20they%20occur

Monetary Policy

Thanks to tutor2u for this revision help
http://www.tutor2u.net/economics/reference/revision-webinar-monetary-policy?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2020th%20May%202016&utm_content=Economics%20daily%20digest%20Fri%2020th%20May%202016+CID_11d26065ecc1a084451aeb110c7b8403&utm_source=CampMonitor&utm_term=Revision%20Webinar%20Monetary%20Policy%20Revision%20videos%20This%20is%20a%20recording%20of%20and%20the%20slides%20from%20a%20live%20revision%20webinar%20on%20UK%20monetary%20policy%20designed%20for%20AS%20Year%201%20macro%20students

Purchasing Power Parity (PPP)

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/blog/the-purchasing-power-parity-ppp-exam-skills?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2020th%20May%202016&utm_content=Economics%20daily%20digest%20Fri%2020th%20May%202016+CID_11d26065ecc1a084451aeb110c7b8403&utm_source=CampMonitor&utm_term=The%20Purchasing%20Power%20Parity%20PPP%20-%20Exam%20skills%20With%20the%20unit%202%20and%20theme%202%20exams%20approaching%20it%20is%20essential%20to%20have%20some%20background%20on%20the%20usefulness%20of%20PPP%20when%20comparing%20GDP%20between%20countries

Globalisation: Revision video

Thanks to EconplusDal for this
https://www.youtube.com/watch?v=TLmXIFIYZ64

Fiscal policy

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/reference/revision-webinar-uk-fiscal-policy?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2021st%20May%202016&utm_content=Economics%20daily%20digest%20Sat%2021st%20May%202016+CID_ad60ee06a31cd923ce9c770aa742219f&utm_source=CampMonitor&utm_term=Revision%20Webinar%20UK%20Fiscal%20Policy%20Revision%20videos%20Here%20is%20a%20recording%20of%20the%20recent%20AS%20Economics%20revision%20webinar%20on%20Fiscal%20Policy%20in%20the%20UK

Supply side policies

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/reference/revision-webinar-evaluating-supply-side-policies?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2021st%20May%202016&utm_content=Economics%20daily%20digest%20Sat%2021st%20May%202016+CID_ad60ee06a31cd923ce9c770aa742219f&utm_source=CampMonitor&utm_term=Revision%20Webinar%20Evaluating%20Supply-Side%20Policies%20Revision%20videos%20This%20video%20of%20a%20live%20revision%20webinar%20for%20AS%20macro%20evaluates%20supply-side%20policies%20designed%20to%20improve%20macroeconomic%20performance%20and%20address%20structural%20policy%20problems%20The%20main%20focus%20is%20on%20the%20UK

The Economics of School Holidays

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/the-economics-of-school-holidays?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2027th%20May%202016&utm_content=Economics%20daily%20digest%20Fri%2027th%20May%202016+CID_7f7ed35697168a07ec9687a4c23c62bf&utm_source=CampMonitor&utm_term=The%20Economics%20of%20School%20Holidays%20Everyone%20with%20children%20will%20know%20that%20holidays%20during%20school%20time%20are%20much%20cheaper%20than%20those%20that%20arent%20Now%20new%20research%20has%20shown%20that%20half-term%20holidays%20can%20cost%20up%20to