BT, Openreach, Broadband, Monopoly power and regulation

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/bt-openreach-broadband-monopoly-power-and-regulation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2027th%20February%202016&utm_content=Economics%20daily%20digest%20Sat%2027th%20February%202016+CID_06c5ecc2f256646bb2d994aff8d13783&utm_source=CampMonitor&utm_term=BT%20Openreach%20Broadband%20Monopoly%20power%20and%20regulation%20Yesterday%20the%20Communications%20regulator%20Ofcom%20told%20BT%20that%20they%20have%20to%20allow%20competitors%20to%20use%20their%20telegraph%20poles%20and%20cable%20ducts%20more%20easily%20than%20they%20currently%20do%20in%20order%20to

Game theory: EU negotiations

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/game-theory-and-camerons-eu-deal?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2027th%20February%202016&utm_content=Economics%20daily%20digest%20Sat%2027th%20February%202016+CID_06c5ecc2f256646bb2d994aff8d13783&utm_source=CampMonitor&utm_term=Game%20Theory%20and%20Camerons%20EU%20Deal%20The%20Brussels%20deal%20would%20Cameron%20have%20done%20better%20if%20he%20had%20gone%20to%20Cambridge

Will the UK have a sugar tax?

The decision is delayed reports Sky
http://news.sky.com/story/1649349/sugar-tax-decision-delayed-until-summer

Aston Martin and the multiplier effect

...as explained by Sky
http://news.sky.com/story/1647601/aston-martin-creates-750-jobs-in-south-wales

Negative interest rates

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/the-economics-of-negative-interest-rates?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2025th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2025th%20February%202016+CID_b24c73bc6c27c7d9b9529e4ac9b21459&utm_source=CampMonitor&utm_term=The%20Economics%20of%20Negative%20Interest%20Rates%20In%20a%20growing%20number%20of%20countries%20central%20banks%20are%20resorting%20to%20cutting%20policy%20interest%20rates%20below%20zero%20per%20cent%20And%20bond%20yields%20in%20some%20nations%20are%20also%20negative%20Is%20this

The effect of speculato's on an exchange rate

The effect of Boris speaking in favour of Brexit: Thanks to the FT
http://www.tutor2u.net/economics/blog/sterling-drops-on-brexit-uncertainty?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2024th%20February%202016&utm_content=Economics%20daily%20digest%20Wed%2024th%20February%202016+CID_cd6e78ca24ac76045893f9c212ff42f1&utm_source=CampMonitor&utm_term=Sterling%20drops%20on%20Brexit%20uncertainty%20Katie%20Martin%20from%20the%20Financial%20Times%20here%20looks%20at%20the%20Boris%20effect%20-%20which%20saw%20a%202%20drop%20in%20the%20value%20of%20the%20pound%20the%20largest%20drop%20since%202009%20and%20markets%20are

Competition policy and government intervention

Thanks to tutor2u for this slide show
http://www.tutor2u.net/economics/reference/revision-presentation-on-competition-policy?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sun%2021st%20February%202016&utm_content=Economics%20daily%20digest%20Sun%2021st%20February%202016+CID_e9f231bd154c95da3e5e8c51ad8a7cbd&utm_source=CampMonitor&utm_term=Competition%20Policy%20Study%20presentations%20Why%20does%20the%20government%20intervene%20in%20markets%20to%20maintain%20competition

Sunday trading: A supply side measure?

Would relaxing the laws lead to greater efficiency in markets? The BBC reports
http://www.bbc.co.uk/news/uk-35624620

Monopsony Power: Asda asks Suppliers for Discounts

Thanks to turor2u for this story
http://www.tutor2u.net/economics/blog/monopsony-power-asda-asks-suppliers-for-discounts?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2019th%20February%202016&utm_content=Economics%20daily%20digest%20Fri%2019th%20February%202016+CID_c42247d15d72f50bbefe4755dec974eb&utm_source=CampMonitor&utm_term=Monopsony%20Power%20Asda%20asks%20Suppliers%20for%20Discounts%20The%20extent%20to%20which%20the%20discounters%20have%20altered%20the%20nature%20of%20grocery%20retailing%20is%20self-evident%20in%20this%20Guardian%20article%20that%20looks%20at%20Asdas%20latest%20moves%20in%20the%20sector%20Asda%20currently

Contestable markets

Thanks to tutor2u for this
http://www.tutor2u.net/economics/reference/contestable-markets-1?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2019th%20February%202016&utm_content=Economics%20daily%20digest%20Fri%2019th%20February%202016+CID_c42247d15d72f50bbefe4755dec974eb&utm_source=CampMonitor&utm_term=Contestable%20Markets%20Study%20presentations%20How%20does%20the%20threat%20of%20competition%20affect%20a%20firms%20behaviour

Diamond polishing: A derived demand for labour

Thanks to the BBC
http://www.bbc.co.uk/news/business-35611778

Subsidies: A drawback

The cost to the government/taxpayers. This is an extreme example from Venezuela
http://video.aljazeera.com/channels/eng/videos/venezuela-hikes-petrol-prices-for-first-time-in-20-years/4762140889001

Productivity: Worrying data

....from Sky
http://news.sky.com/story/1644123/uk-productivity-gap-widens-to-a-record-level
and a great graph in this article fro the Guardian
http://www.theguardian.com/business/2016/feb/18/uk-productivity-gap-widens-to-worst-level-since-records-began

Monopsony

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/reference/monopsony-power-in-markets-1?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2018th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2018th%20February%202016+CID_e1171c65a52e39d74add621a5fca64a7&utm_source=CampMonitor&utm_term=Monopsony%20Power%20in%20Markets%20Study%20presentations%20A%20revision%20presentation%20on%20monopsony%20power

Market structure

Some interesting bits in this tutor2u presentation
http://www.tutor2u.net/economics/reference/market-structure-conduct-and-performance?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2017th%20February%202016&utm_content=Economics%20daily%20digest%20Wed%2017th%20February%202016+CID_3aad58ec422a3eb89767b9fbf254c2d5&utm_source=CampMonitor&utm_term=Market%20Structure%20Conduct%20and%20Performance%20Study%20presentations%20Short%20revision%20presentation%20on%20Market%20Structure%20Conduct%20and%20Performance

Why are UK unemployment figures relatively low when economic growth is weak?

Thanks to economicshelp for these ideas
http://www.economicshelp.org/blog/6744/unemployment/the-uk-unemployment-mystery/

What is The True Level of Unemployment in UK?

Interesting post from economicshelp
http://www.economicshelp.org/blog/8/unemployment/the-true-level-of-unemployment-in-uk/

Policies to reduce a budget deficit

Thanks to economicshelp for this
http://www.economicshelp.org/blog/6011/economics/policies-to-reduce-budget-deficit/

Information failure in coffee chain drinks

Not new, but pretty appalling. This report from the BBC reveals all
http://www.bbc.co.uk/news/uk-35599402
and Sky
http://news.sky.com/story/1643309/up-to-25-spoons-of-sugar-in-cafe-hot-drinks
and all the data from this Guardian article
http://www.theguardian.com/business/2016/feb/17/cafe-chains-selling-drinks-25-teaspoons-sugar-starbucks-costa-coffee

Oligopoly and Game Theory

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/reference/oligopoly-and-game-theory?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2016th%20February%202016&utm_content=Economics%20daily%20digest%20Tue%2016th%20February%202016+CID_15fd01765302ef86072393eae85e19bf&utm_source=CampMonitor&utm_term=Oligopoly%20and%20Game%20Theory%20Study%20presentations%20A%20revision%20presentation%20on%20aspects%20of%20game%20theory%20applied%20to%20an%20oligopoly

Abenomics and the Japanese Economy

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/storify-on-abenomics-and-the-japanese-economy?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2016th%20February%202016&utm_content=Economics%20daily%20digest%20Tue%2016th%20February%202016+CID_15fd01765302ef86072393eae85e19bf&utm_source=CampMonitor&utm_term=Storify%20on%20Abenomics%20and%20the%20Japanese%20Economy%20Abenomics%20refers%20to%20economic%20reforms%20introduced%20by%20Japanese%20prime%20minister%20Shinz%20Abe%20and%20central%20bank%20governor%20Haruhiko%20Kuroda%20Abenomics%20seeks%20to%20expand%20the%20money%20supply%20boosting%20government%20spending%20and%20supply-side

Free trade or tariffs: Chinese steel

Nice summary of the issue from the BBC
http://www.bbc.co.uk/news/business-35579126

Oligopoly

Thanks to tutor2u for these
Oligopoly and price fixing

http://www.tutor2u.net/economics/reference/oligopoly-and-examples-of-price-fixing?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2015th%20February%202016&utm_content=Economics%20daily%20digest%20Mon%2015th%20February%202016+CID_2b1713569d2bf6d5cd5b580f31fdf3f5&utm_source=CampMonitor&utm_term=Oligopoly%20and%20Examples%20of%20Price%20Fixing%20Study%20notes%20Recent%20examples%20of%20price%20fixing%20cases%20in%20oligopolistic%20markets

Kinked demand curve

http://www.tutor2u.net/economics/reference/oligopoly-the-kinked-demand-curve?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2015th%20February%202016&utm_content=Economics%20daily%20digest%20Mon%2015th%20February%202016+CID_2b1713569d2bf6d5cd5b580f31fdf3f5&utm_source=CampMonitor&utm_term=Oligopoly%20-%20The%20Kinked%20Demand%20Curve%20Study%20presentations%20A%20revision%20presentation%20on%20the%20kinked%20demand%20curve%20theory%20of%20oligopoly%20plus%20revision%20notes%20on%20the%20basics%20of%20an%20oligopoly

Oligopoly and collusion

http://www.tutor2u.net/economics/reference/oligopoly-and-collusion?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2015th%20February%202016&utm_content=Economics%20daily%20digest%20Mon%2015th%20February%202016+CID_2b1713569d2bf6d5cd5b580f31fdf3f5&utm_source=CampMonitor&utm_term=Oligopoly%20and%20Collusion%20Study%20presentations%20A%20revision%20presentation%20of%20business%20collusion%20in%20an%20oligopoly

Air pollution in New Delhi and Kabul

With bad consequences, reports Aljazeera
http://video.aljazeera.com/channels/eng/videos/new-delhis-air-pollution-is-causing-a-health-crisis/4730173200001
and
http://video.aljazeera.com/channels/eng/videos/pollution-in-afghanistan-kills-thousands-every-year/4754000286001

Barriers to entry

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/topic-of-the-day-barriers-to-entry?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2010th%20February%202016&utm_content=Economics%20daily%20digest%20Wed%2010th%20February%202016+CID_d550d47ef2ec9456a080732f7465efec&utm_source=CampMonitor&utm_term=Topic%20of%20the%20Day%20Barriers%20to%20Entry%20Our%20economics%20topic%20of%20the%20day%20is%20Barriers%20to%20Entry%20Revise%20this%20key%20concept%20using%20our%20study%20notes%20presentations%20and%20more

Behavioural economics

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/topic-of-the-day-behavioural-economics?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2011th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2011th%20February%202016+CID_d0606d8e055d03db78e0e8929e81a98c&utm_source=CampMonitor&utm_term=Topic%20of%20the%20Day%20Behavioural%20Economics%20Our%20economics%20topic%20of%20the%20day%20is%20Behavioural%20Economics%20Get%20to%20grips%20with%20this%20this%20key%20concept%20using%20our%20study%20notes%20presentations%20and%20more

What have Trade Unions ever done for us?

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/what-have-trade-unions-ever-done-for-us?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2011th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2011th%20February%202016+CID_d0606d8e055d03db78e0e8929e81a98c&utm_source=CampMonitor&utm_term=What%20have%20Trade%20Unions%20ever%20done%20for%20us%20For%20students%20born%20in%20the%20aftermath%20of%20Thatcherite%20reform%20which%20cast%20the%20unions%20as%20the%20industrial%20bogeyman%20this%20TUC%20video%20goes%20some%20way%20towards%20redressing%20the%20balance%20So%20what%20have

Chinese steel dumping?

The EU investigates, reports the BBC
http://www.bbc.co.uk/news/business-35559540

Contestable markets

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/topic-of-the-day-contestable-markets?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2012th%20February%202016&utm_content=Economics%20daily%20digest%20Fri%2012th%20February%202016+CID_5def608cb7ed50a446627aae52c6c47d&utm_source=CampMonitor&utm_term=Topic%20of%20the%20Day%20Contestable%20Markets%20Our%20economics%20topic%20of%20the%20day%20is%20Contestable%20Markets%20Get%20to%20grips%20with%20this%20this%20key%20concept%20using%20our%20study%20notes%20presentations%20videos%20and%20more

Takeovers explained

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/ft-video-takeovers-explained?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2011th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2011th%20February%202016+CID_d0606d8e055d03db78e0e8929e81a98c&utm_source=CampMonitor&utm_term=FT%20Video%20Takeovers%20Explained%20An%20excellent%20short%20resource%20to%20use%20when%20teaching%20the%20economics%20of%20business%20takeovers%20n%20the%20first%20part%20of%20the%20new%20FT%20video%20series%20Finance%20Decoded%20City%20editor%20Jonathan%20Guthrie

UK income inequality

Great clip from the BBC
http://www.bbc.co.uk/news/business-35556210

Latest GDP figures

Courtesy of tutor2u
http://www.tutor2u.net/economics/blog/uk-gdp-grows-by-2-2-in-2015?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2010th%20February%202016&utm_content=Economics%20daily%20digest%20Wed%2010th%20February%202016+CID_d550d47ef2ec9456a080732f7465efec&utm_source=CampMonitor&utm_term=UK%20GDP%20grows%20by%2022%20in%202015%20The%20provisional%20data%20shows%20that%20the%20UK%20economy%20enjoyed%20a%2012th%20consecutive%20quarter%20of%20real%20GDP%20growth%20in%20the%20final%20three%20months%20of%202015

Why coffee prices may be about to rise sharply

Interesting video
https://www.youtube.com/watch?v=1KVxqnk1f24&feature=player_embedded

Cartels: The Quebec Maple Syrup Cartel

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/cartels-the-quebec-maple-syrup-cartel?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%208th%20February%202016&utm_content=Economics%20daily%20digest%20Mon%208th%20February%202016+CID_7ef16b969e52a47ed4fd799a553aad8c&utm_source=CampMonitor&utm_term=Cartels%20The%20Quebec%20Maple%20Syrup%20Cartel%20Quebec%20has%207500%20mostly%20family-run%20farms%20%20who%20produce%2070%20of%20world%20supply%20of%20maple%20syrup%20Since%201990%20producers%20have%20been%20required%20to%20hand%20over%20the%20bulk%20of%20what%20they%20produce%20to%20the

Balance of Payments 2015

Thanks to tutor2u for this analysis
http://www.tutor2u.net/economics/blog/uk-current-account-deficit-in-2015-digging-deeper?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%208th%20February%202016&utm_content=Economics%20daily%20digest%20Mon%208th%20February%202016+CID_7ef16b969e52a47ed4fd799a553aad8c&utm_source=CampMonitor&utm_term=UK%20Current%20Account%20Deficit%20in%202015%20-%20Digging%20Deeper%20I%20am%20grateful%20to%20my%20colleague%20Mo%20Tanweer%20for%20digging%20out%20this%20extra%20detail%20on%20the%20breakdown%20of%20the%20UK%20current%20account%20deficit%20in%202015%20It%20provides%20some%20revealing%20context%20to

Dirty floating: China buys the Yuan

....reports the BBC
http://www.bbc.co.uk/news/business-35516054

Germany: Apprenticeships to boost the workforce

Thanks to the BBC for this supply side policy
http://www.bbc.co.uk/news/business-35532713
and
http://www.tutor2u.net/economics/blog/apprenticeships-lower-german-youth-unemployment?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2011th%20February%202016&utm_content=Economics%20daily%20digest%20Thu%2011th%20February%202016+CID_d0606d8e055d03db78e0e8929e81a98c&utm_source=CampMonitor&utm_term=Apprenticeships%20lower%20German%20youth%20unemployment%20Britain%20has%20always%20lagged%20behind%20our%20Continental%20rivals%20in%20providing%20vocational%20training%20and%20this%20clip%20from%20BBC%20news%20highlights%20the%20apprenticeship%20system%20operated%20by%20Siemens%20-%20its%20costsbenefits

2015 record trade deficit

Reported by sky
http://news.sky.com/story/1638641/annual-trade-deficit-at-widest-since-2010
and more from tutor2u
http://www.tutor2u.net/economics/blog/uk-trade-in-goods-deficit-reaches-new-record-in-2015?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2010th%20February%202016&utm_content=Economics%20daily%20digest%20Wed%2010th%20February%202016+CID_d550d47ef2ec9456a080732f7465efec&utm_source=CampMonitor&utm_term=UK%20Trade%20in%20Goods%20Deficit%20reaches%20new%20record%20in%202015%20A%20familiar%20refrain%20the%20trade%20deficit%20remains%20a%20problem%20and%20so%20it%20proves%20once%20again%20in%20the%204th%20quarter%20of%202015%20the%20annual%20deficit%20widened%20by%2019bn%20to%20a%20record%20125bn

Rising demand for cosmetic procedures

....reports the BBC
video http://www.bbc.co.uk/news/uk-35519455
and
http://www.bbc.co.uk/news/health-35501487

Information failure: Calories in alcohol

Should we have calorie levels on alcohol?
http://www.bbc.co.uk/news/uk-35213154

The negative externalities from plastic

Thanks to Aljezeera for this

http://www.aljazeera.com/programmes/techknow/2016/02/choking-planet-problem-plastic-160207112522231.html

Alcohol and externalities South Korea style

The UK's alcohol problems are put in to context with this Aljazeera programme about South Korea
http://www.aljazeera.com/indepth/features/2016/02/country-world-worst-drink-problem-160202120308308.html
and this about the rise of binge drinking among young women
http://video.aljazeera.com/channels/eng/videos/alarming-rise-in-binge-drinking-among-south-korean-women/4738260356001

Sugar consumption and information failure

Simple, short video from the BBC. The key is the last bit of (missing) information
http://www.bbc.co.uk/news/business-35418947

How worrying is Britain’s current account deficit?

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/how-worrying-is-britains-current-account-deficit?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%202nd%20February%202016&utm_content=Economics%20daily%20digest%20Tue%202nd%20February%202016+CID_9537b0ce6305d1a462ad8a8f14aa5621&utm_source=CampMonitor&utm_term=How%20worrying%20is%20Britains%20current%20account%20deficit%20Almost%20all%20of%20the%20talk%20of%20the%20deficit%20is%20in%20reference%20to%20the%20fiscal%20deficit%20which%20is%20the%20balance%20of%20tax%20revenues%20and%20public%20spending%20But%20what%20about%20the