Unit 2: Worsening unemployment

All the bad news from Ch4, especially the effect on the young via the top video, and further down some EU comparisons

http://www.channel4.com/news/unemployment-hits-17-year-high

Unit 2: Cost push inflation; causes and cures

A great summary from economicshelp

http://www.economicshelp.org/blog/2006/economics/cost-push-inflation-2/

Unit 2: What problems are there with a recession?

A nice summary from economicshelp

http://www.economicshelp.org/blog/416/economics/problems-of-recession/

Unit 2: Costs of inflation verses costs of unemployment

......a nice summary from economics help

http://econ.economicshelp.org/2011/10/inflation-v-unemployment.html

Unit 2: Monetary policy; quantitative easing

A nice clipfrom the BBC explaining what quantitative easing is

http://www.bbc.co.uk/news/business-15492115

Unit 2: Inflation data

Nice interactive chart fron the Guardian

http://www.guardian.co.uk/business/interactive/2009/mar/24/rpi-inflation

Unit 2: Unemployment data

Thanks to tutor2u for these latest updated charts

http://dl.dropbox.com/u/4368634/Economics/Unemployment%20_Charts_Nov2011.pdf

Unit 2: Data on consumption

Thanks to tutor2u for these charts

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-consumer-spending-charts-for-the-uk?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:16:49:33Z

and these questions based on some of them

http://www.tutor2u.net/blog/files/AS_Macro_EW_Conusmption.pdf

Unit 1: A fat tax in Denmark

For a long time, people combatting obesity have suggested a fat tax. The BBC reports Denmark has now led the way in intrducing such a tax

http://www.bbc.co.uk/news/world-europe-15140821

and possibly in the UK

http://uk.health.lifestyle.yahoo.net/uk-government-may-consider-a-fat-tax.htm

a) What is the market failure this tax will combat?
b) Use a diagram to explain how the tax should reduce the market failure
c) Discuss the extent to which this policy is likely to succeeed

Unit 1: A ban on bulk buy booze discounts in Scotland

So says the BBC

http://www.bbc.co.uk/news/uk-scotland-15135000 video
http://www.bbc.co.uk/news/uk-scotland-15125064 article
http://www.bbc.co.uk/news/uk-scotland-15123533 article

a) To what extent is such a ban likely to reduce the negative externalities associated with excessive alcohol consumption

Unit 1: A charge for plastic bags

As ever, Wales is ahead of the game!

http://www.bbc.co.uk/news/uk-wales-15129197

and the response of consumers

http://www.bbc.co.uk/news/uk-wales-15137706

a) Why is such a charge on bags needed?
b) To what extent di you think this scheme islikely to decrease the consumption of plastic bags? Include a S&D diagram in your answer

Unit 1: More regulation on cigarette sales

This time, a ban on selling cigarettes from vending machines

http://www.bbc.co.uk/news/uk-15132529

a) As ever, the question is "Comment on the likely success of this policy in reducing the market failure arising from the cigarette market"

Unit 1: How to reduce deaths from drink driving: More regulation or more information

Thanks to tutor2u for this post on 2 approaches. The video is quite sobering (and no pun is intended)

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-drink-driving-and-government-intervention/

a) what is the market failure from drink driving?
b) Why does this occur?
c) Discuss the relative likely success of (1) increasingly tighter regulation and (2) providing more information as in the hard hitting adverts

Unit 2: What's the effect of a cut in interest rates?

A nice summary from economics help. I particularly like the evaluation section, some of which could be useful in an essay

http://www.economicshelp.org/blog/3417/interest-rates/effect-of-lower-interest-rates/

Unit 2: What is GDP? Revision

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/study-note-introduction-to-gdp/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:10:12:00Z

Unit 2: Circular flow of income :Revision

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/study-note-the-circular-flow-of-income/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:10:04:00Z

Unit 2: The state of the UK economy

A nice, depressing summary from Anforme

http://www.anforme.co.uk/blog/?p=2336

a) Summarise, in terms of the Governments 4 macroeconomic objectives, the state of the UK economy

Unit 2: The economic cycle in pictures

Interesting activity from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/activity-the-economic-cycle-in-images/?utm_source=MailingList&utm_medium=email&utm_campaign=Economics+Update+100911

Unit 2: What is the effect on the UK of a 50%tax rate?

The argument about abolishing the 50% rate continues according to the BBC

http://www.bbc.co.uk/news/business-14821741

a) Discuss the effectiveness of a top tax rate of 50% for UK taxpayers earing over £150,000

Unit 1: A policy to overcome information failure in wales?

Interesting video from the BBC

http://www.bbc.co.uk/news/uk-wales-14826965

a) What is the market failure the policy is meant to reduce?
b) What is the opportunity cost of this policy?
c) To what extent do you believe this policy will be successful

Unit 2: Can you spend your way to full employment?

A nice post from economicshelp

http://www.economicshelp.org/blog/economics/spending-your-way-to-full-employment/

Unit 1 The factors of production needed to build a ball park

Thanks to tutor2u for this clip

http://www.youtube.com/watch?feature=player_embedded&v=HQv0WWhoZnI#!

Unit 2: Information failure resolved?

Interesting posts from Sky news and the BBC explaining how McDonald's is now offering the calorie content of its meals

http://news.sky.com/home/business/article/16062739
http://www.bbc.co.uk/news/health-14784015

a) What is the information failure in the market?
b) From the evidence in the video and your own knowledge, what do you think the likely effect of Mcdonald's stating the calorie content of its meals will be?
c) What other actions could the government take to reduce the market failure asociated with fast food? Do you think these measures are likely to be more or less effective than the calorie information?

Unit 2: The effect of the depreciating pound on holidaymakers

An interesting post from anforme

http://www.anforme.co.uk/blog/?p=2277

a) Using the information provided, explain why more foreign tourists are coming to the UK, and fewer British citizens holidaying overseas
b) Explain why a recession in the UK leads to fewer UK citizens holidaying overseas
c) What, in general terms, can you say about the income elasicity of demand for overseas holidays? What type of good would you therefore classsify foreign holidays as?

Unit 1: Hungary's plan to impose a tax on unheathy food

The BBC reports the plan

http://www.bbc.co.uk/news/world-europe-14016993

a) What is the economic reason for this proposal?
b) To what extent do you think this action will reduce the market failure?
c) What other policies could the Hungarian government introduce to achieve its objective?

Unit 1: Restrictions on smoking in Iceland

What about if you needed a prescription to aquire cigarettes? Thats the proposal in Iceland

http://www.bbc.co.uk/news/world-europe-14104546

Unit 2: Inflation; what is it and who wins loses?

A great summary from the BBC's Declan Murphy

http://www.bbc.co.uk/news/business-14115829

Unit 1: Taxing negative externalities in Australia

A big step by the Australian government to internalise external costs

http://www.bbc.co.uk/news/world-asia-pacific-14096750

a) Comment on the likely succes of this policy in reducing the market failure associated with CO2 emissions

Unit 1: The demand for Tennents lager

Nice story from the BBC

http://www.bbc.co.uk/news/uk-scotland-scotland-business-13958687

a) Why has the demand risen?
b) Given the statement " revenue from sales of Tennent's grew faster than the volume of sales a result of price rises, would you expect the demand for Tennents to be elastic or inelastic? Explain your answer
c) Given your answers to a) and b), draw a S&D diagram to show the effect of the increase in demand on the market for Tennents

Unit 2: Evaluation in macroeconomics essays

A useful summary from economicshelp

http://www.economicshelp.org/macroeconomics/toolkit.html

Unit 1: New images on US cigarette packets

Thanks to tutor2u for this post; click on the link to the Washington Post to see the images that the US govt will force cigarette firms to put on packets

http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-us-ramps-up-cigarette-warnings/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:07:12:00Z

a) What sort of action is this by the US govt?
b) Why has it taken this action; ie what is the market failure in the cigarette market?
c) To what extent do yoy believe this action will reduce nthe market failure?

Unit 1: Drought hits the wheat crop

The BBC reports that the drought in parts of the UK will hit the wheat harvest

http://www.bbc.co.uk/news/uk-england-13793805

a) Using a S&D diagram, explain the likely effect on the price of wheat

Unit 2: Skills for the jobless

....and the latest data

http://www.bbc.co.uk/news/business-13779743

Unit 2: The uneven impact of inflation

....as reported by Ch4


http://www.channel4.com/news/poor-hit-hardest-by-4-5-per-cent-inflation-rate

Unit 2: Comparative inflation data

Thanks to timetric for this chart


http://byline.timetric.com/2011/06/14/the-uks-inflation-problem-rates-compared-internationally/

Unit 2: The unemployment problem

Thanks to economicshelp for this summary


http://econ.economicshelp.org/2011/06/unemployment-problem.html

Unit 2: Australian economy goes in to reverse

....according to the BBC

http://www.bbc.co.uk/news/business-13611595 video
http://www.bbc.co.uk/news/13611621 article

a) Give 2 reasons why Australia's growth has stalled
b) Why is it expected growth will resume in the next quater?

Unit 1: Cuba moves from central planning

...according to the BBC

http://www.bbc.co.uk/news/world-latin-america-13585353

a) In which way is this a move away from central planning?

Unit 1: Russian drinkers and price elasticity of demand

....appear to be drinking more beer and less vodka, depite tax increases according to the BBC

http://www.bbc.co.uk/news/13576896

a) In economic terms, what are beer and vodka?
b)Given the increase in price and fall in sales mentioned, do you believe the PED for beer to be elastic or inelastic?
c) Explain why this is the case using economic theory

Unit 2: Do tariffs work?

An intriguing answer form tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/do-tariffs-actually-reduce-imports/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:01:31:00Z

Unit 1: Overcoming information failure: Fuel consumption labels in the USA

Thanks to tutor2u for this

Would you buy a car knowing how much more (or less) than the average car you would spend on fuel? That's what's happening in the USA

http://money.cnn.com/2011/05/25/autos/new_fuel_economy_labels/index.htm?iid=HP_River

a) What is the market failure this action is trying to reduce?
b) To what extent do you think the policy will reduce the market failure?

Unit 1: Public and private goods; revision

A nice one sheet revision from tutor2u which can be accessed half way down this post

http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-revision-public-and-private-goods/

Unit 1: The external cost oif alcohol consumption

....continues to rise according to the latest figures from these BBC posts

http://www.bbc.co.uk/news/health-13559455 article, and
http://www.bbc.co.uk/news/health-13568846 video

a) Why is rising alcohol consumption a problem for the UK economy?
b) Using a S&D diagram, explain why thr free market in alcohol is failing
c) Comment on the ideaa that raising the price of alcohol would reduce this market failure

Unit 2: the state of the UK economy

Great post with data from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/macro-revision-putting-things-in-context/

Unit 2: Would the better life index be a more accurate measure of the standard of living than real gdp per capita?

Decide for yourself by following the links in this tutor2u post

http://www.tutor2u.net/blog/index.php/economics/comments/as-and-a2-macro-the-pursuit-of-happiness-and-the-better-life-index/

Unit 2 revision: supply side policies

A nice post from tutor2u, but not all of it is needed for OCR AS

http://www.tutor2u.net/blog/index.php/economics/comments/as-economics-revision-supply-side-policies/

Unit 1: More legislation to reduce smoking....in NY

A nice BBC clip

http://www.bbc.co.uk/news/world-us-canada-13538166

a) Why is NY banning smoking in parks?
b) Comment on the likelyhood that this ban will reduce the consumption of demerit goods like cigarettes

Unit 2: Inflation revision help

Three good posts from tutor2u on inflation :

http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-inflation/ on inflation,
http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-cost-push-inflation/ on causes and cures for cost push inflation, and
http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-demand-pull-inflation/ on causes and cures for demand pull inflation

Unit 1: Legislation to reduce UK carbon emissions

...is outlined by this BBC video

http://www.bbc.co.uk/news/science-environment-13432564

a) Discuss the benefits and costs to the UK of introducing this policy

Unit 2: The unequal effect of rising unemployment

Female unemployment is rising at a faster rate than male unemployment according to Ch4

http://www.channel4.com/news/unemployment-hits-women-hardest Ch4

Different groups are being hit differently

http://www.bbc.co.uk/news/uk-13447535 BBC

....and the latest figures

http://www.channel4.com/news/unemployment-falls-but-claimaint-figures-up

http://www.bbc.co.uk/news/business-13436252

Unit 2: Latest unemployment data

...fron anforme

http://www.anforme.co.uk/blog/?p=2156

Unit 1: The price of strawberries

This Sky video is interesting

http://news.sky.com/skynews/Home/UK-News/Strawberry-Crop-Warm-Weather-Produces-Biggest-and-Best-Bumper-English-Strawberries-in-20-Years/Article/201105215988234?lpos=UK_News_First_Buisness_Article_Teaser_Region_6&lid=ARTICLE_15988234_Strawberry_Crop%3A_Warm_Weather_Produces_Biggest_and_Best_Bumper_English_Strawberries_in_20_Years

a) Why has the supply of English strawberries increased?
b) Given the increase in supply, explain why the price has not decreased

Unit 2: Macro data for 2011

Thanks to tutor2u for this great data source

http://www.tutor2u.net/economics/presentations/ukeconomymay2011/handout.pdf

Unit 1: Obesity and government intervention

Thanks to tutor2u for finding this video on the American experience

http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-fast-food-fat-profits-obesity-in-the-usa/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:12:11:00Z

Unit 1: Negative externality photos; Gulf oil spill

Thanks to tutor2u for finding these

http://www.boston.com/bigpicture/2011/04/gulf_oil_spill_one_year_later.html

Unit 2: Australian economy data

Thanks to tutor2u for this

http://www.tutor2u.net/blog/index.php/economics/comments/australia-booming-ahead/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:34:00Z

Unit 2: How inflation is measured

Although this is US data, it is for CPI and so should be similar for the UK

http://flowingdata.com/2011/04/27/how-much-more-we-pay-for-stuff-now-than-we-did-last-year/

a) Why was US inflation only 2.7% when gasoline went up 27.5%? Surely everybody buys petrol?

Unit 2: What are the effects of a surplus on the BOP current account?

A nice summary from economicshelp

http://econ.economicshelp.org/2011/04/surplus-on-current-account-balance-of.html

Unit 2: UK unemployment falls

Latest data from the BBC http://www.bbc.co.uk/news/business-13059332 and anforme http://www.anforme.co.uk/blog/?p=2078

Unit 2: Why did CPI inflation fall from 4.4% to 4%?

.....Ch4 reports http://www.channel4.com/news/inflation-falls-to-4-per-cent-in-march ....and the BBC http://www.bbc.co.uk/news/business-13053140 video http://www.bbc.co.uk/news/business-13045775 article....and anformehttp://www.anforme.co.uk/blog/?feed=rss2

Unit 1: The price of cars

A nice summary from tuto2u including a nice graphic http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-prices-for-new-and-second-hand-cars/

Unit 1: How far should a government go in intervening in the free market? Cigarettes in Australia

A great post from Nick Bryant's BBC blog http://www.bbc.co.uk/blogs/thereporters/nickbryant/2011/04/big_tobacco_takes_another_big.html a) Discuss the likely success of these policies in reducing the market failure from the consumption of these demerit goods in Australia

Unit 1: Fines to back up regulation

Sky has news of fines for tanning salons that allow children to use their sun beds http://news.sky.com/skynews/Home/UK-News/Video-UK-New-Law-Bans-Businesses-From-Allowing-Under-18s-To-Use-Its-Sunbeds/Article/201104215968690?f=rss The BBC has an article http://www.bbc.co.uk/news/health-12998030 a) Why does this law apply to children only? b) To what extent do you believe this legislation will reduce sunbed use by children?

Unit 2: Rising EU interest rates

This BBC clip shows the dilema faced by the European central bank; to raise interest rates or not? http://www.bbc.co.uk/news/business-13005958 a) Why should the european central bank increase interest rates? b)...and why not? c) What policy actions could a government take if they believed this rise in rates to be against the need of their economy?

Unit 2: The state of the Australian economy

3 stories from the BBC http://www.bbc.co.uk/news/business-12605475 on growth/GDP http://www.bbc.co.uk/news/business-12605302 on inflation/interest rates http://www.bbc.co.uk/news/business-12983692 on falling unemployment and why interest rates may need to rise in the futre a) Comment on the macroeconomic performance of the Australian economy

Unit 1: University education; a merit good?

Ch4 have this summary of a new report http://www.channel4.com/news/a-university-education-what-is-it-worth a) Define a merit good b) To what extent does university education match that definition? c) Does the free market for university education fail ion the economic sense? d) What, if any, actions should the government take in this market?

Unit 1: Organic food; a luxury good?

Economicshelp has this interesting question http://www.economicshelp.org/blog/economics/organic-food-a-luxury-good/

Unit 2: BoP data

...from tutor2u http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-balance-of-payments/

Unit 2: Balance of Payments current account data

Thanks to tutor2u for this recap of the BoP and the current account data as a % of GDP http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-current-account-deficit/

Unit 2: UK's worst ever trade figures

...report Sky news http://news.sky.com/skynews/Home/Business/UK-Goods-Trade-Gap-Widens-To-Highest-Ever-Level-While-Fourth-Quarter-GDP-Revised-Up-To--05/Article/201103415962136?f=rss ...and a commentary and graph from anforme http://www.anforme.co.uk/blog/?feed=rss2

Unit 2: The multiplier in action: The Ryder Cup's effect on Wales

Nice example of the multiplier effect from the BBC

http://www.bbc.co.uk/news/uk-wales-12834078

Unit 2: UK budget 2011 - 12

A summary from the BBC

http://www.bbc.co.uk/news/uk-politics-12836708

A great interactive guide from the guardian showing income, expenditure and borrowing

http://www.guardian.co.uk/uk/interactive/2011/mar/23/budget-tax

This one shows the sources of income from various taxes

http://www.guardian.co.uk/uk/interactive/2011/mar/24/budget-2011-interactive-tax-guide

...and this one cuts the speech in to chunks related to topics; excellent

http://www.guardian.co.uk/uk/interactive/2011/mar/23/budget-2011-interactive-presentation

...and a commentary from anforme

http://www.anforme.co.uk/blog/?feed=rss2

Unit 2: CPI infation rises to 4.4%

A clear explanation as to why from this BBC clip

http://www.bbc.co.uk/news/business-12821852

and more analysis

http://www.bbc.co.uk/news/business-12817476

Unit 1: Carbon taxes; pros and cons

Thanks to economicshelp for this

http://www.economicshelp.org/blog/economics/carbon-tax-pros-and-cons/

Unit 1: Specialisation in car production

A great post from tutor2u which shows how car production has changed

http://www.tutor2u.net/blog/index.php/economics/comments/model-t-ford-and-mercedes-benz-specialisation-across-the-ages/

Unit 2: UK interest rates

Thanks to tutor2u for this link to UK interest rates

http://www.tutor2u.net/blog/index.php/economics/comments/uk-economy-nominal-and-real-interest-rates/

Unit 2: UK unemployment data

...courtesy of the guardian

http://www.guardian.co.uk/business/interactive/2009/jun/22/unemployment-and-employment-statistics-recession

Unit 2: Supply side policies: Reduced red tape

http://www.bbc.co.uk/news/business-12782433

Unit 2: Tariff imposed on ceramic tiles

..says the BBC

http://www.bbc.co.uk/news/business-12780151

a) Why has this tariff been imposed?
b) Is the tariff to the benefit of UK consumers?

Unit 2: Macroeconomic objectives data

Tutor2u have got timetric data on all 4 which should update

http://www.tutor2u.net/blog/index.php/economics/comments/keeping-track-of-uk-macro-objectives/

Unit 2: Continuing rising UK unemployment

As reported by the BBC; Youth unemployment is particularly bad

http://www.bbc.co.uk/news/business-12759753

Unit 2: What ends a recession?

A useful evaluative post from economicshelp; note the evaluation of how likely the reason is to occur

http://econ.economicshelp.org/2011/03/what-causes-recessions-to-end.html

Unit 2: Macro data for Europe

Fantastic resource from the guardian

http://www.guardian.co.uk/world/interactive/2011/mar/14/new-europe-statistics-interactive

Unit 2: Economic growth data

The top graph in this post from economicshelp is great

http://econ.economicshelp.org/2011/03/causes-of-economic-cycles.html

a) Decribe the pattern of economic growth for the time period illustrated

Unit 2: Changes to the "basket of goods"

The latest update of "in" and "out" items is in this BBC article

http://www.bbc.co.uk/news/business-12744400

and from Sky

http://news.sky.com/skynews/Home/Business/The-Basket-Of-Goods-And-Services-To-Calculate-Inflation-Updated-To-Include-Dating-Firm-Fees/Article/201103315952703?f=rss

and tutor2u

http://www.tutor2u.net/blog/index.php/gcse-economics/comments/iphone-in-shoulder-of-pork-out/

a) Why do the ONS have this annual update of the goods and services in the basket?

Unit 2: Unemployment compared across countries

Thanks to tutor2u for this graphic

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-unemployment-rates-for-selected-countries/

a) Using the graph for part of your answer, discuss how much of a problem unemployment is for the UK economy

Unit 2: How important is consumption expenditure for the UK economy?

Thanks to tutor2u, we know the answer is "increasingly so"

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-consumption-as-a-share-of-gdp/

UNit 2: Investment revision

All you need to know from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-revision-investment-spending/

Unit 2: Ireland's economic growth and unemployment rate

....is clearly shown in this graphic from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/ireland-mass-unemployment-and-shrinking-gdp/

a) Describe the link between changes in irish GDP and the Irish unemployment rate

Unit 1: Further restrictions on tobacco sales

..this time from proposals to ban displays

http://www.bbc.co.uk/news/health-12680815 article
http://news.sky.com/skynews/Article/201103115948614 article and video

and the case against from the manufacturers

http://www.bbc.co.uk/news/business-12691348

a) To what extent do you believe this measure will reduce the market failure associated with the tobacco market?

Unit 2: Data on long term unemployment

....thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-long-term-unemployment-in-the-uk/

Unit 1: The costs and benefits of a London to Birmingham (and beyond) high speed rail link

A nice look at both sides of the argument from Roger Harrabin at the BBC

http://www.bbc.co.uk/news/science-environment-12613039

Unit 1: Should Brazil build a hydro-electric dam in the amazon region?

A series of BBC articles may help you form an opinion; The first is the oldest and lthe last one listed the most recent

http://news.bbc.co.uk/1/hi/world/americas/8373504.stm
http://news.bbc.co.uk/1/hi/world/americas/8633786.stm
http://www.bbc.co.uk/news/world-latin-america-12295662
http://www.bbc.co.uk/news/world-latin-america-12586170
http://www.bbc.co.uk/news/world-latin-america-12643261

Want to know more about the dam?
http://en.wikipedia.org/wiki/Belo_Monte_Dam
http://amazonwatch.org/work/belo-monte-dam

a) List the private costs and benefits of constructing the dam and
b) the external costs and benefits (ie positive and negative externalities)

Unit 2: China aims for sustainable growth

The BBC reports

http://www.bbc.co.uk/news/12643690

Unit 2: Balance of Trade data

....from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-trade-in-goods-and-services/

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-trade-in-goods-and-services/

Unit 2: Unemployment data

...from tutor2 u on

Duration by gender http://www.tutor2u.net/blog/index.php/economics/comments/timetric-long-term-unemployment-in-the-uk/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:22:33:00Z

By region http://www.tutor2u.net/blog/index.php/economics/comments/timetric-regional-unemployment-in-the-uk/

Unit 2: Fiscal policy in China

The BBC repots a proposed tax cut

http://www.bbc.co.uk/news/business-12618201

a) How is this an example of Fiscal policy?
b) Using ad AD/AS diagram, explain the likely effect on the Chinese economy
c) In what way might the outcome have undesirable consequences?

Unit 2: Monetary policy in Brazil

Brazil raises its main interest rate again says the BBC

http://www.bbc.co.uk/news/business-12630315

a) Using an AD/AS diagram, explain is the state of the Brazilian economy and what this interest rate rise is meant to achieve

Unit 2: Australia holds interest rates

A nice summary of the Australian economy

http://www.bbc.co.uk/news/business-12605302
http://www.bbc.co.uk/news/business-12605475

Unit 2: UK economic growth data

Thanks to economicshelp for this data

http://www.economicshelp.org/blog/economics/data-on-economic-growth-in-uk/