Thursday, November 30, 2017

Impact of rising population in the UK

Thanks to economicshelp
https://www.economicshelp.org/blog/11031/uk-economy/impact-of-rising-population-in-the-uk/

Negative externalities from oil production

There may be many, but few as sad as this
http://www.bbc.co.uk/news/av/world-africa-42170954/is-crude-oil-killing-nigerian-children

Allocative eficiency in the banking industry

Thanks to Sky
https://news.sky.com/story/lloyds-and-yorkshire-building-society-confirm-branch-closures-11149054
and
https://news.sky.com/story/natwest-and-rbs-axe-hundreds-of-branches-and-jobs-11150947
and with the travel industry
https://news.sky.com/story/travel-agent-thomas-cook-plans-to-shut-50-stores-11151399



Thursday, November 02, 2017

Interest rates rise

Winners and losers from Sky
http://news.sky.com/story/who-are-the-winners-and-losers-if-the-bank-of-england-raises-interest-rates-11108804 and http://news.sky.com/story/what-an-interest-rate-rise-means-for-you-11108751

and the BBC
http://www.bbc.co.uk/news/business-41831777

and a collection of articles on tutor2u
https://www.tutor2u.net/economics/blog/why-the-bank-of-england-has-raised-interest-rates?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%203rd%20November%202017&utm_content=Economics%20daily%20digest%20Fri%203rd%20November%202017+CID_6c9a4161311ef3263f7aef91dfaab89e&utm_source=CampMonitor&utm_term=Why%20the%20Bank%20of%20England%20has%20raised%20interest%20rates%20Inevitably%20there%20has%20been%20a%20deluge%20of%20media%20coverage%20of%20the%20first%20base%20rate%20rise%20for%20a%20decade%20-%20albeit%20a%20tiny%20step%20Here%20is%20our%20curation%20of%20some%20of




Who owns UK debt?

Thanks to economicshelp
https://www.economicshelp.org/blog/1407/economics/who-owns-government-debt/

Consumer and producer surlpus

tutor2u working through a question
https://www.tutor2u.net/economics/reference/changes-in-consumer-and-producer-surplus-mcq-revision-question?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%202nd%20November%202017&utm_content=Economics%20daily%20digest%20Thu%202nd%20November%202017+CID_46ddde660fa31b409d5ba6f07b349fb8&utm_source=CampMonitor&utm_term=Changes%20in%20Consumer%20and%20Producer%20Surplus%20MCQ%20Revision%20Question%20Practice%20exam%20questions%20This%20question%20is%20tested%20regularly%20at%20A%20level%20-%20namely%20how%20changes%20in%20the%20conditions%20of%20supply%20and%20demand%20impact%20on%20the%20overall%20level%20of%20consumer%20and%20producer%20surplus

Wednesday, November 01, 2017

UK Labour Productivity

Thanks to economicshelp
https://www.economicshelp.org/blog/5887/economics/uk-labour-productivity/

The case for and against interest rate rise

Thanks to economicshelp
https://www.economicshelp.org/blog/133576/economics/the-case-for-and-against-interest-rate-rise/

Singapore airport substitutes capital for labour

Thanks to the BBC
http://www.bbc.co.uk/news/av/business-41805394/checking-in-at-singapore-s-new-contactless-airport-terminal

Government to step in and regulate stakes on fixed-odds machines

Thanks to tutor2u
https://www.tutor2u.net/economics/blog/government-regulates-stakes-on-fixed-odds-machines?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%201st%20November%202017&utm_content=Economics%20daily%20digest%20Wed%201st%20November%202017+CID_7dfb0d6cba64127b1e044c5a6475b914&utm_source=CampMonitor&utm_term=Government%20regulates%20stakes%20on%20fixed-odds%20machines%20Dubbed%20the%20crack%20cocaine%20of%20gambling%20the%20government%20is%20to%20limit%20the%20maximum%20stake%20on%20controversial%20fixed%20odds%20betting%20machines
and Sky
http://news.sky.com/story/govt-cuts-stakes-on-crack-cocaine-betting-terminals-in-gambling-review-11106636


Monday, October 23, 2017

Minimum alcohol price law unveiled in Wales

Thanks to the BBC
http://www.bbc.co.uk/news/uk-wales-41682666

T-Charge: New London traffic charge comes into force

New "old diesel" charge in London
http://www.bbc.co.uk/news/uk-england-london-41695116

and from Sky
The idea explained
http://news.sky.com/story/t-charge-all-you-need-to-know-about-londons-new-anti-pollution-measure-11094729
and
http://news.sky.com/story/drivers-of-the-most-polluting-vehicles-face-2150-charge-to-enter-centre-of-london-11094609
and
http://news.sky.com/story/london-t-charge-for-most-polluting-vehicles-will-cost-taxpayers-7m-says-sadiq-khan-11094764


and this collection from tutor2u
https://www.tutor2u.net/economics/blog/10-t-charge-comes-into-force-in-london?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2024th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2024th%20October%202017+CID_3393acd384d6e9550d3d98a7ed433d37&utm_source=CampMonitor&utm_term=10%20T-Charge%20Comes%20into%20Force%20in%20London%20As%20of%20today%20a%20new%2010%20daily%20charge%20has%20come%20into%20force%20for%20older%20more%20toxic%20vehicles%20that%20drive%20into%20central%20London


The end of car production in Australia

Comparative advantage in action?
https://www.youtube.com/watch?time_continue=3&v=UdLhkneZr-Q

Sunday, October 15, 2017

Economic systems revision grid

Thanks to econfix
https://econfix.wordpress.com/2017/10/15/as-revision-economic-systems-2/?t=1&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email&iid=0c1a97caac694c94932b29b3e37c1424&uid=625863503&nid=244+289476616

Friday, October 13, 2017

Behavioural Economics has a Nobel Moment

Thanks to tutor2u
https://www.tutor2u.net/economics/blog/behavioural-economics-has-a-nobel-moment?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20October%202017&utm_content=Economics%20daily%20digest%20Thu%2012th%20October%202017+CID_40c5cd8159d789a9ecc2cd83688ff771&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20has%20a%20Nobel%20Moment%20Behavioural%20economics%20has%20received%20the%20ultimate%20accolade%20Richard%20Thaler%20of%20the%20University%20of%20Chicago%20Business%20School%20has%20been%20awarded%20the%20Nobel%20Prize%20in%20economics%20for%20his%20work%20in%20this%20area

and the More or less special accessed via
https://www.tutor2u.net/economics/blog/how-richard-thaler-changed-economics?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2016th%20October%202017&utm_content=Economics%20daily%20digest%20Mon%2016th%20October%202017+CID_40ce19c7efed0daffca7e79e6e751545&utm_source=CampMonitor&utm_term=How%20Richard%20Thaler%20Changed%20Economics%20In%20this%20special%20edition%20of%20More%20or%20Less%20Tim%20Harford%20explores%20the%20ways%20in%20which%20Professor%20Richard%20Thaler%20has%20changed%20the%20subject%20of%20Economics



Rising demand for craft gin

Thanks to tutor2u
https://www.tutor2u.net/economics/blog/craft-distilleries-drive-gin-boom?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20October%202017&utm_content=Economics%20daily%20digest%20Thu%2012th%20October%202017+CID_40c5cd8159d789a9ecc2cd83688ff771&utm_source=CampMonitor&utm_term=Craft%20distilleries%20drive%20gin%20boom%20Gin%20festivals%20are%20becoming%20more%20popular%20with%20every%20passing%20year%20and%20soaring%20demand%20is%20creating%20a%20supply%20response%20as%20new%20craft%20gin%20distilleries%20open

Tuesday, October 10, 2017

UK trade deficit hits record high

The news is not good. The lower £ doesn't appear to be having the expected impact
http://news.sky.com/story/uk-trade-deficit-hits-record-high-in-august-as-imports-jump-11074656

Legislation and fines in the water industry

If you break the law, you suffer the consequences, as explained by Sky
http://news.sky.com/story/water-firm-united-utilities-hit-with-300000-fine-over-contamination-11074970

An even bigger container ship

The size of these behemoths continues to grow
http://www.bbc.co.uk/news/av/uk-england-suffolk-40362922/oocl-hong-kong-felixstowe-port-welcomes-world-s-biggest-ship

Behavioural Economics: Ricahrd Thaler wins Nobel Prize

Thanks to the BBC
http://www.bbc.co.uk/news/business-41549533
http://www.bbc.co.uk/news/business-41549753
http://www.bbc.co.uk/news/business-41550434
and http://www.bbc.co.uk/news/av/business-41557329/nobel-prize-winner-richard-thaler-on-nudge-theory-and-diet video

and these short videos from tutor2u
https://www.tutor2u.net/economics/blog/behavioural-economics-useful-short-lesson-videos-featuring-richard-thaler?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2010th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2010th%20October%202017+CID_e7c716f64882e6906b756ca358833701&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20-%20Useful%20Short%20Lesson%20Videos%20featuring%20Richard%20Thaler%20Lots%20of%20great%20coverage%20of%20the%20work%20of%20Richard%20Thaler%20following%20his%20well-deserved%20award%20of%20the%20Nobel%20Prize%20for%20Economics%20These%20short%20videos%20are%20well%20worth%20a%20watch

and Tim Harford
http://timharford.com/2017/10/why-thalers-nobel-is-a-well-deserved-nudge-for-behavioural-economics/