Unit 2: Emigration: a cost of unemployment

....has returned to Ireland with a vengance according to Aljazeera

http://www.youtube.com/watch?v=LLksP0pDPsI

Unit 1: Changing demand for biscuits

.....according to the BBC

http://www.bbc.co.uk/news/uk-17188227

a) Using demand diagrams and the list of determinants of demand, explain the changing demand for biscuits in the UK

Unit 1: Negative externalities on the Neath Road, Swansea

......according to the BBC

http://www.bbc.co.uk/news/uk-wales-17177021

a) What are the negative externalities experienced on the road and by who?
b) What actions have already been taken to reduce the negative externalities and how successful have they been?
c) Assess the likely success of the new proposals

Unit 1: Wage rates in the UK

Great data from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-highest-and-lowest-paid-jobs-in-the-uk

a) Using S&D analysis, explain the difference in these wage rates

Unit 1: Evaluating a government measure on alcohol

Great video from the BBC evaluating the likey success of the "no selling alcohol at below cost price" measure due to be introduced soon

http://www.bbc.co.uk/news/health-17137361 video
http://www.bbc.co.uk/news/uk-england-tyne-17131232 article

Unit 2: Macro videos from the ONS: Youth unemployment

Thanks for tutor2u for pointing me in the direction of the ONS video channel

This is really good on youth unemployment

http://www.youtube.com/user/onsstats#p/u/0/snSlT_3DUq4

a) How much of a problem is youth unemployment in the UK?

Unit 1: Evaluating alternative policies to reduce the negative externalities from alcohol

Two excellent posts from tutor2u, the first with 10 posible solutions to evaluate and the second with some moreinformation on actions already tried

http://www.tutor2u.net/blog/index.php/economics/comments/10-solutions-to-binge-drinking
which appears to be a summary of theis BBC article
http://www.bbc.co.uk/news/magazine-16466646 and then
http://www.tutor2u.net/blog/index.php/economics/comments/drink-drink-more-drink1

Unit 2: Japan's current account defecit

.......as got worse says

http://www.bbc.co.uk/news/business-17093255 the BBC
http://www.aljazeera.com/news/asia-pacific/2012/02/20122204728418987.html Aljazeera

a) Using the "evaluation " criteria we have gone through, comment on how much of a problem this deficit is for Japan

Unit 2: Is a high gdp per capita a good indicator of the sol in a country?

Not according to this BBC Panorama video

http://www.bbc.co.uk/programmes/b01c2y2b

Unit 1: Negative externalities from gold mining in Nigeria

From the BBC

http://www.bbc.co.uk/news/world-africa-16938914

a) State the negative externality and explain why it is a negative externality
b) What actions could the government take to reduce the negative externalities
c) How successful are such policies likely to be?

Unit 2: Is quantitative easing working?

An interesting argument from Ch4

http://www.youtube.com/watch?v=Z3IIcdCV2Xo&feature=player_embedded#!

Unit 1: Public goods videos

Thanks to tutor2u for these links to video clips illustrating public goods

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-public-goods-news-clips

Unit 2: How does quantitative easing work?

Fantastic video fro the BBC

http://www.bbc.co.uk/news/business-16974497

Unit 1: Will the EU tradable permit scheme work?

Not if Countries refuse to participate as in the case of China, according to the BBC

http://www.bbc.co.uk/news/business-16901106

and a wider summary of the issue from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/china-bans-its-airlines-from-paying-eu-carbon-tax

a) What actions could the EU take to ensure that all airlines participate in the scheme, and how likely are they to take such actions?

Unit 1: Should we tax carbon?

Great collection of videos from tutor2u on the topic

http://www.tutor2u.net/blog/index.php/economics/comments/unit-3-micro-video-resources-on-carbon-taxation

a) Using a diagram, explain how a tax on carbon would reduce the market failure
b) Using information from the video and what we've covered in the lesson, comment on how likely such a tax is likely to be in reducing the market failure

Unit 1: Is there information failure in the alcohol market?

The government evidently believes so as it launches this new public information campaign

http://www.bbc.co.uk/news/uk-16893933 video
http://www.bbc.co.uk/news/health-16869618 article

Unit 2: Investment: RR opens a new manufacturing plant in Singapore

Nice clip from the BBC showing what investment actually is

http://www.bbc.co.uk/news/business-16865720

a) What effect would this investment have on UK GDP?

Unit 2: Comparing China and the USA: Data

Thanks to tutor2u for pointing me to this

http://www.mint.com/blog/trends/u-s-a-vs-china-122011/?display=wide

a) Giving resons, explain which country you would rather live in for the next 20 years

Unit 1: Actions to reduce market failure in the cigarette Market: Vending machine ban

It's coming in to force in Wales reports the BBC

http://www.bbc.co.uk/news/uk-wales-politics-16813794

a) To what extent do you believe this piece of legislation will reduce the market failure in the cigarette market?

Unit 2: Comparative inflation data Jan 2012

....fron anforme

http://www.anforme.co.uk/blog/?p=2496

Unit 1: Why regulate a free market?

This BBC clip suggests why the vodka market needs regulating

http://www.bbc.co.uk/news/uk-england-16760295

Unit 2: The problems of youth unemployment

...as seen in the UK and Australia (thanks to tutor2u for the links to Al Jazeera)

http://www.youtube.com/watch?v=Roaeu6MO43w&feature=player_embedded UK
http://www.youtube.com/watch?v=xrE-MTzPJOA&feature=player_embedded Australia

and a report from the BBC at Davos on the issue

http://www.bbc.co.uk/news/business-16774301

Unit 2: Spain's unemployment up to 22,8%

....and it's much worse if you're below 25 reports the BBC

http://www.bbc.co.uk/news/world-16754600

Unit 2: GDP falls in the last quarter of 2001

Key info from Sky, including a video explaining what GDP is half way down the page in case you've forgotten!

http://news.sky.com/home/business/article/16156088 Sky video
http://www.bbc.co.uk/news/business-16715080 BBC article
http://www.channel4.com/news/recession-fears-as-economy-shrinks Ch4 article
http://www.channel4.com/news/why-is-britains-economy-shrinking Ch4 article

a) What is the cause of the fall in UK GDP?
b) What implications will this fall have for the UK economy?

Unit 2 Japan records its first trade deficit in 30 years

...reports

http://news.sky.com/home/business/article/16156286 Sky
http://www.bbc.co.uk/news/business-16712816 BBC

a) Comment on whether this deficit represents a problem for the Japanese economy

Unit 1: how good is legislation at reducing negative externalities?

You decide

http://www.bbc.co.uk/news/uk-england-birmingham-16682596

a) What is the negative externality in the clip?
b) Why is it a negative externality?c0 Use a diagram to explain how the market fails with this externality
d) Using information from the clip, discuss the extent to which legislation is effective in reducing the negative externality

Unit : Supply side policies: The importance of apprenticeships

...according to Nick Clegg on a visit to Cambridge (Thanks to CEN for the video)

http://www.cambridge-news.co.uk/Home/Deputy-Prime-Minister-gets-a-taste-for-bricklaying-19012012.htm

Unit 2: What is expansionary monetary polkicy, and will it boost growth?

A great, evaluative summary from economicshelp

http://www.economicshelp.org/blog/4886/monetary-policy/expansionary-monetary-policy/

Unit 1: Should solar energy be subsidised?

Lots to think about in this presentation from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-3-micro-the-economics-of-solar-subsidies

a) Given the information, discuss whether subsidising solar energy is a good use og government finance

Unit 1: Information failure with processed meats?

Thanks to tutor2u for these links

http://www.bbc.co.uk/news/health-16526695 BBC article
http://www.youtube.com/watch?v=jDKHlh_egRE&feature=player_embedded Al Jazeera video

a) To what extent do you believe there is information failure in the processed meat market?
b) What actions could the government take to reduce this market failure?
c) To what extent do you believe such measures would lead to a reduction in the market failure?

Unit 2: What does the inflation figure mean?

Well, it hides a large variety of different price movements as shown by this BBC article

http://www.bbc.co.uk/news/business-16535721

Unit 2: Interest rate data

All the graphs you could want from economicshelp

http://feeds.feedburner.com/EconomicsBlog?format=xml

Unit 2: Unemployment to a 17 year high

....reports

http://news.sky.com/home/uk-news/article/16151331 Sky video
http://blogs.channel4.com/faisal-islam-on-economics/britain-will-have-to-buck-history-to-stop-unemployment-spiking-above-10-per-cent/15950 Ch4 video
http://www.bbc.co.uk/news/business-16608394 BBC article and graph

But remember the national picture will be an average; things look better in Cambridge

http://www.cambridge-news.co.uk/Cambridge/Unemployment-falls-in-Cambridge-bucking-national-trend-19012012.htm CEN

Unit 2: Inequality data for US and UK

....from the BBC

http://www.bbc.co.uk/news/business-16545898

Unit 1/2: Productivity/Specialisation videos

Some great videos from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-videos-on-productivity?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:08:46:56Z

Unit 2: What influences the level of consumption?

Watch this BBC vox pop

http://www.bbc.co.uk/news/business-16525438

a) So what influences Consumtion spending?

Unit 2: Crossrail; an example og Government spending

Fantastic clip from the BBC

http://www.bbc.co.uk/news/uk-16289051

Unit 1: Exercise on information failure/smoking

Thanks to Richard Young for this

http://bizeconict.co.uk/?p=356 questions and data
http://www.medicalnewstoday.com/articles/239800.php report

Unit 1: Negative externalities of closing a landfill site

Great clip from the BBC

http://www.bbc.co.uk/news/world-latin-america-16496212

a) Explain the negative externalities likely to result from this closure
b) Discuss alternative strategies open to the Mexican gGovernment to reduce the market failure

Unit 2: GDP v GDP per capita

As brazil overtakes the UK to rank as the 6th largest economy in the world, it's not the same story when you look at GDP per capita

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-brazil-overtakes-uk-in-economic-size?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:09:36:59Z

a) Explain why not

Unit 2: HS2: An example of government expenditure with a multiplier effect?

The biggest single construction project for years according to the BBC

http://www.bbc.co.uk/news/uk-16482412 video

....with a multiplier effect, says this article

http://www.bbc.co.uk/news/business-16467903

a) What is the size of the multiplier efect suggested by the article?
b) Explain how this multilier effect will come about

Unit 2: What determines the level of Investment?

This tutor2u article more than likely goes too far for OCR AS, but I like it!

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-factors-driving-business-investment

Unit 2: The role of consumer confidence on Consumption

Thanks to tutor2u for this clear explanation

http://www.tutor2u.net/blog/index.php/economics/comments/hopes-and-fears-2012?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:07:32:19Z

Unit 1: Natural disasters and their effect on economies

Thanks to tuto2u for pointing out this resource

http://www.youtube.com/watch?v=Skz0Rgchm6g&feature=player_embedded#!

a) Using a PPC diagram and words, explain the effect on the Japanese economy of the earthquake/tsunami/nuclear plant shutdown

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: What's the limitation of GDP per capita?

Planet money explains all

http://www.npr.org/blogs/money/2012/01/10/144914762/why-gdp-per-capita-can-start-a-bar-fight?ft=1&f=93559255

Unit 1: High speed rail and externalities

HS2 has been given the go-ahead, but not everyone is happy

http://news.sky.com/home/politics/article/16145716 Sky

a) What are the positive and negative externalities associated with the project?

Unit 1: Negative externalities from metal theft

Thanks to tutor2u for this

http://www.youtube.com/watch?feature=player_embedded&v=MDfoX6E4IeU#!

a) What are the negative externalities from metal theft, and why are they negative externalities?

Unit 1: Externalities revision

A brilliant tutor2u resource, full of theory and video examples. It goes a bit further than the OCR syllabus needs and I have labelled the diagrams differently, b ut if you want a real, in depth analysis, this is great

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-prezi-on-the-economics-of-negative-externalities?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:01:42:13Z

Unit 1: Cuba moves towards the market system

.....according to the BBC

http://www.bbc.co.uk/news/world-latin-america-16336137

Unit 1: The end of tobacco displays

....is on its way, says the BBC

http://www.bbc.co.uk/news/uk-16343566 video
http://www.bbc.co.uk/news/uk-16342906 article

A) To what extent do you believe this measure will reduce the market failure in the tobacco market?

Unit 1: The price of peanuts

I love peanuts and so I've noticed the rising price in pubs and supermarkets. This post from tutor2u explains why

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-supply-shortages-drive-peanut-prices-higher

Unit 1: Examples of negative externalities

.....from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-video-clips-on-negative-production-externalities

Unit 1: Negative externalities from pop concerts

A few clear examples in this BBC news story

http://www.bbc.co.uk/news/uk-england-london-16312806

a) What are the negative externalities arising from the Hyde Park concerts listed in the article?
b) Explain why these are negative externalities
c) What form of action is the government suggesting to reduce the market failure?
d) How likely is such a course of action to reduce the market failure and lead to a more socially optimum output?

Unit 2: Macro data

Economicshelp's outlook for 2012 has some great macro data charts in it

http://www.economicshelp.org/blog/4689/economics/uk-economy-2012-forecasts/

Unit 2: Falling disposable incomes and their effect on consumption

An interesting post from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/changing-consumer-behaviour-falling-incomes

Unit 1: The price of Christmas trees

Here's the annual story from the BBC

http://www.bbc.co.uk/news/uk-16142610

a) Using a S&D diagram, explain the increase in tree prices. Hint: Think carefully about how you draw the supply curve!

Unit 2: The costs of youth unemployment

A fine article from the BBC

http://www.bbc.co.uk/news/business-16156849

Unit 2: Slight fall in UK inflation

Thanks to anforme for this post

http://www.anforme.co.uk/blog/?p=2450

and the BBC

http://www.bbc.co.uk/news/business-16160960 video
http://www.bbc.co.uk/news/business-16154965 article

Unit 2: Comparing EU unemployment data

A nice interactive chart from the BBC

http://www.bbc.co.uk/news/business-13359367

Unit 1: Soaring chocolate prices

Thanks to tutor2u for this

http://www.tutor2u.net/blog/index.php/gcse-economics/comments/demand-and-supply-in-action-chocolate-prices-soar

a) Using the info in the article and using a diagram, explain why chocolate prices are rising fast

Unit 1: A market in disequilibrium: Butter in Norway (believe it not!)

I love this story from Planet Money

http://www.npr.org/blogs/money/2011/12/13/143632326/a-rich-country-runs-out-of-butter?ft=1&f=93559255

with a follow up from the BBC

http://www.bbc.co.uk/news/world-europe-16170808

a) Can you use a S&D diagram to explain this problem?

Unit 2: Unemployment gets worse

....in all sorts of ways. The data is depressing

http://news.sky.com/home/business/article/16129991 Sky
http://www.bbc.co.uk/news/business-16180144 BBC video
http://www.bbc.co.uk/news/uk-16189158 BBC video
http://www.bbc.co.uk/news/business-16175309 BBC artcle and data

Unit 1: The external cost of excessive alcohol

The Guardian has some unbelievable stats in this article

http://www.guardian.co.uk/society/2011/dec/09/hospital-admissions-drinking-double?INTCMP=SRCH

a) Why is this an external cost of alcohol consumption?
b) State 3 other external costs of alcohol consumption
c) What actions could the government take to internalise these external costs of alcohol?

Unit 1: Does legislation work to curb alcohol consumption?

The answer would appear to be "yes" from early evidence in Scotland

http://www.bbc.co.uk/news/health-16097832

Unit 2: How to boost growth

This BBC aricle contains a mix of remedies

http://www.bbc.co.uk/news/business-15003833

a) Seperate the policies in to supply side and demand side policies
b) To what extent are such policies likely to be successful in boosting the rate of economic growth?

Unit 1: Migrant labour and the PPC

Qatar has more migrants than Quatari's reports the BBC

http://www.bbc.co.uk/news/business-16052572

a) Using a diagram, explain the effect of this migration on Qatar's production posibility curve

Unit 2: How to increase economic growth

Thanks to economicshelp for this summary

http://www.economicshelp.org/blog/4493/economics/how-to-increase-economic-growth/

Unit 2: Economic growth in Australia

....reports the BBC

http://www.bbc.co.uk/news/business-16076812 video
http://www.bbc.co.uk/news/business-16063331 article

...and a cut in interest rates

http://www.bbc.co.uk/news/business-16044504

Unit 1: Negative externalities: Smog in Beijing

A fantastic clip from the BBC

http://www.bbc.co.uk/news/world-asia-16049592

a) Why is the smog an example of a negative externality?
b) What actions could the government take to reduce the negative externality?
c) To what extent is each policy likely to be successful?

Unit 1: Information failure when shopping

A nice clip from the BBC

http://news.bbc.co.uk/panorama/hi/front_page/newsid_9655000/9655493.stm

a) What is the information failure consumers are suffering?
b) What is the result in the free market?
c) What actions could the government take to eradicate this information failure for the consumer?

Unit 1: Should smoking in cars be banned?

Some interesting thoughts here

http://www.confused.com/news-views/blogs/should-smoking-in-cars-be-banned?MediaCode=806&utm_medium=email&utm_campaign=Newsletter&utm_source=Newsletter05Dec

Unit 2 How useful are supply side policies in a recession?

A nice summary from economicshelp

http://www.economicshelp.org/blog/4401/economics/the-role-of-supply-side-policies-in-a-recession/

Unit 1: The whisky market

....is growing according to the BBC

http://www.bbc.co.uk/news/uk-scotland-16007905

a) Which of the factors that effect demand are causing the increasing demand for whisky?
b) Is supply elastic or inelastic? Explain your answer
c) Given your answers to a) and b) draw a S&D diagram to show the effect on the whisky market if demand continues to grow

Unit 1 : Alcohol; a demerit good

A sad story from the BBC

http://www.bbc.co.uk/news/health-15998280

a) What evidence is there in the video of the 2 elements of demerit goods; ie information failure and negative externalities
b) Towhat extent do you believe higher taxes and better information to consumers would reduce alcohol consumption?

Unit 1: Elasticity of supply: Biscuits

A great video found by tutor2u

http://www.unitedbiscuits.com/video/videoPopup.php?w=756&h=576

a) Would the supply of these biscuits likely be elastic or inelastic? Explain your answer?

Unit 2: European unemployment data

The latest (Nov 2011) figs from the BBC

http://www.bbc.co.uk/news/business-15961626

Unit 2: Government action to reduce youth Unemployment

An initiative from the Government (and long overdue it could be argued) as youth unemployment tops a million

http://news.sky.com/home/politics/article/16117378 Sky
http://www.channel4.com/news/clegg-to-announce-1bn-youth-job-scheme Ch4
http://www.bbc.co.uk/news/uk-15885013 BBC video
http://www.bbc.co.uk/news/uk-politics-1587879 BBC article

a) What sort of policy is this by the government?
b) To what extent do you believe these actions will reduce youth unemployment?

Unit 1: The external costs of obesity

..could be huge (no pun intended) according to BBC Northern Ireland

http://www.bbc.co.uk/news/uk-northern-ireland-15839264

a) Why are these health costs examples of external costs?
b) What actions could the Government take to reduce these external costs and so reduce the market failure?
c) To what extent do you think such policies would be successful in reducing the negative externalities?

Unit 1: Migration and the PPC

A ring number of people in the UK, the BBC reports

http://www.bbc.co.uk/news/uk-15868793

a) Given this information, what would happen to the UK's PPC?
b) Given that there are 2.6m people unemployed, draw a PPC diagram and show the UK's position with an X

Unit 1: Negative externalities from global warming

Pitty the Austrian ski industry

http://www.bbc.co.uk/news/world-europe-15868294

a) Why are the green ski slopes an example of a negative externality?
b) Why is the cost of operating snow machines an example of an external cost?

Unit 2: Sources of tax revenue for the government

Thanks to economicshelp for this data

http://www.economicshelp.org/blog/4001/economics/tax-revenue-sources-in-uk/

Unit 1: Information failure: How much fibre should you eat?

Lots, according to the BBC

http://www.bbc.co.uk/news/health-15696791

a) How does the food market fail according to this video?
b) If everybody was made to watch this video, would it eliminate the market failure? Explain your answer

Unit 1: Information failure: How much fibre should you eat?

Unit 2: Policies for reducing unemployment

Lovely summary from economicshelp

http://www.economicshelp.org/blog/3881/economics/policies-for-reducing-unemployment/

Unit 1: What determines the price of oil?

A great summary, with data, from economicshelp

http://www.economicshelp.org/blog/3809/oil/factors-affecting-oil-prices-in-short-term-and-long-term/

Unit 2: Youth and general unemployment in the UK and Europe

Another horrible set of unemployment stats, especially in terms of youth unemployment

http://news.sky.com/home/uk-news/article/16111343 Sky
http://www.bbc.co.uk/news/uk-15760472 BBC
http://www.bbc.co.uk/news/business-1575562BBC
http://blogs.channel4.com/faisal-islam-on-economics/bad-news-grim-jobs-data-worse-news-euro-effect-to-come/15570 Ch4

and the view from Wales

http://www.bbc.co.uk/news/uk-wales-15767242

and this summary from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/testing-times-for-the-uk

a) What are the costs of such high youth unemployment to the UK economy?
b) Using the Europe data halfway down the page, discuss how much of a problem youth unemployment is in the UK

Unit 2: GDP data

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/gcse-economics/comments/delicious-data-uk-gdp-growth

Unit 2: Inflation falls slightly to 5%

....according to the BBC

http://www.bbc.co.uk/news/business-15733539

a) Why has the CPI fallen?
b) What has happened to average prices in the past 12 months?

Unit 1: Australia limits cigarette packaging

..a.ccording to Sky news

http://news.sky.com/home/world-news/article/16107369

and the BBC

http://www.bbc.co.uk/news/world-asia-15673797

a) To what extent do you think this action will reduce the market failure associated with the cigarette market?

Unit 1: Cross elasticity of demand and the Kindle Fire

Can this be true? Planet money report each kindle fire is sold at a loss!

http://www.npr.org/blogs/money/2011/11/16/142310104/why-amazon-loses-money-on-every-kindle-fire?ft=1&f=93559255

a) Using the concept of cross elasticity of demand, explain why Amazon would want to sell the Kindle Fire at a loss

Unit 1: Market failure from smoking in a car

A nice video and article from the BBC

http://www.bbc.co.uk/news/uk-northern-ireland-15730304 video
http://www.bbc.co.uk/news/health-15751690 video
http://www.bbc.co.uk/news/health-15744352 article and different video

a) What sort of market failure is occuring?
b) To what extent do you think providing information on the dangers of in car smoking would reduce people doing it and reduce the market failure?
c) To what extent do you think banning in car smoking would reduce people doing it and reduce the market failure

Unit 1: Information failure in the used car industry

A nice post from tutor2u with a Tim Harford video clip on asymetric information failure

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-asymmetric-information-buying-a-used-car?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:10:17:29Z

Unit 1: Australia passes a carbon tax

..reports tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/australia-pass-carbon-tax

a) Discuss how successful this tax is likely to be in reducing carbon emissions

Unit 1: Fireworks displays: A public good?

A mistake in Oban provides 50 seconds of fun

http://www.bbc.co.uk/news/uk-scotland-15611160

a) To what extent is a firework display a public good?

Unit 2: Costs of unemployment

A nice clip explaining the problem of hysteresis

http://www.bbc.co.uk/news/uk-scotland-15288210

Unit 2: Australia lowers interest rates

...according to the BBC

http://www.bbc.co.uk/news/business-15532567

1. Explain what is meant by the term ‘interest rate’. (2)
2. Using an AD/AS diagram, explain how a cut in interest rates is expected to affect the macro-economy. (6)
3. Discuss how effective this cutting of interest rates is likely to be in ‘boosting economic growth’. (18)

Unit 2: What is GDP?

American, but a good explanation of what GDP is

http://www.slatev.com/video/what-exactly-gdp/

Unit 2: Unemployment tutor2u presentation/data

Many thanks to tutor2u

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

Unit 2: Videos on Investment

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-economic-importance-of-investment?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:14:41:47Z