Domestic tourists needed to bolster GDP in NZ

Thanks to econfix
https://blog.elearneconomics.com/domestic-tourists-needed-to-bolster-gdp-in-nz/

UK trade data

Thanks to the BBC
https://www.bbc.co.uk/news/uk-47213842

UK imports and exports in six charts

Thanks to the BBC
http://www.bbc.co.uk/news/business-41413558

UK imports and exports in six charts

Thanks to the BBC
http://www.bbc.co.uk/news/business-41413558

Who does the UK trade with?

Great date from the ONS
http://visual.ons.gov.uk/uk-trade-partners/

Who are the UK’s trading partners?

Great interactive from the ONS
http://visual.ons.gov.uk/uk-trade-partners/

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

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

UK exports

Thanks to tutor2u for finding this data
http://www.tutor2u.net/economics/blog/brexit-britains-major-export-products-and-markets?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2010th%20March%202016&utm_content=Economics%20daily%20digest%20Thu%2010th%20March%202016+CID_f24a0734048262edcf957bfa30a91905&utm_source=CampMonitor&utm_term=Brexit%20Britains%20Major%20Export%20Products%20and%20Markets%20Here%20is%20a%20smart%20graphic%20from%20our%20friends%20at%20Statista%20According%20to%20data%20from%20the%20Office%20of%20National%20Statistics%20over%20half%20of%20British%20exports%20go%20to%20countries%20in%20the%20European

Unit 2: Exports and their role in the UK economy

Thanks to economicshelp for this post

http://www.economicshelp.org/blog/7164/trade/importance-of-exports-to-the-economy/

Unit 2: Who do we trade with?

Great data from the Guardian

http://www.guardian.co.uk/news/datablog/2010/feb/24/uk-trade-exports-imports

Unit 2: Where do we export to?

A great graphic from the Guardian answers this question

http://image.guardian.co.uk/sys-files/Guardian/documents/2010/02/24/UKExports.pdf

Unit 2: How the recession is hitting the exporting economies

A series of articles explaining how the global recession is hitting the major exporting countries

http://news.bbc.co.uk/1/hi/business/davos/7882816.stm China exports
http://news.bbc.co.uk/1/hi/business/7883783.stm USA imports
http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/ Stephanomics

a) Using an AD/AS diagram, explain the likely effect of declining exports on the economies ofmajor exporting nations
b) Why might the effects not be as bad as the model suggests?

Unit 2: The slowing Australian economy and the governments reponse

This brilliant clip (and article) from the BBC are jam packed full of economics

http://news.bbc.co.uk/1/hi/world/asia-pacific/7866335.stm video
http://news.bbc.co.uk/1/hi/business/7866303.stm article

a)What is the AD formula?
b) Identify from the clip and article the elements of AD which are decreasing and explain why this is the case
c) What is meant by a government stimulus package and what sort of policy is this that the government is using?
d) What evidence is there of the Australian government using monetary policy as well?
e) Using an AD/AS diagram, discuss the likely success of the latest stimulus package and interest rate cuts in stopping the Australian economy going in to a recesion