Thanks to economicshelp
https://www.economicshelp.org/blog/11031/uk-economy/impact-of-rising-population-in-the-uk/
Thursday, November 30, 2017
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
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
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
Tuesday, November 28, 2017
Substitution of capital for labour
To increase productivity, reports the BBC
http://www.bbc.co.uk/news/av/technology-42158043/ocado-robot-picks-up-and-packs-supermarket-goods
http://www.bbc.co.uk/news/av/technology-42158043/ocado-robot-picks-up-and-packs-supermarket-goods
Saturday, November 25, 2017
Measures of Poverty
Thanks to economicshelp
https://www.economicshelp.org/blog/135495/labour-markets/measures-of-poverty/
https://www.economicshelp.org/blog/135495/labour-markets/measures-of-poverty/
Wednesday, November 22, 2017
Sunday, November 19, 2017
Friday, November 17, 2017
Thursday, November 16, 2017
Wednesday, November 15, 2017
Thursday, November 09, 2017
Sunday, November 05, 2017
Friday, November 03, 2017
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
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
Wednesday, November 01, 2017
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
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
Tuesday, October 31, 2017
Historical interest rates
Thanks to the Guardian for this chart
https://www.theguardian.com/money/2017/oct/28/interest-rate-rise-affect-homeowners-savers-bank-of-england
https://www.theguardian.com/money/2017/oct/28/interest-rate-rise-affect-homeowners-savers-bank-of-england
Sunday, October 29, 2017
How important is the budget deficit?
Thanks for this 2-sided post from economicshelp
https://www.economicshelp.org/blog/7072/economics/how-important-is-the-budget-deficit/
https://www.economicshelp.org/blog/7072/economics/how-important-is-the-budget-deficit/
Saturday, October 28, 2017
Friday, October 27, 2017
Thursday, October 26, 2017
Tuesday, October 24, 2017
Monday, October 23, 2017
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
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
Saturday, October 21, 2017
Friday, October 20, 2017
Wednesday, October 18, 2017
Monday, October 16, 2017
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
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
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
Thursday, October 12, 2017
Wednesday, October 11, 2017
What next for behavioural economics?
Interesting article from Tim Harford
http://timharford.com/2014/04/what-next-for-behavioural-economics/
http://timharford.com/2014/04/what-next-for-behavioural-economics/
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
http://news.sky.com/story/uk-trade-deficit-hits-record-high-in-august-as-imports-jump-11074656
Labels:
Balance of Payments,
Exchange rates,
J curve
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
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
http://www.bbc.co.uk/news/av/uk-england-suffolk-40362922/oocl-hong-kong-felixstowe-port-welcomes-world-s-biggest-ship
Labels:
Economies of scale,
Productive efficiency,
Video
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/
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/
Thursday, October 05, 2017
Wednesday, October 04, 2017
Tuesday, October 03, 2017
Sunday, October 01, 2017
Thursday, September 28, 2017
Tuesday, September 26, 2017
Monday, September 25, 2017
Thursday, September 21, 2017
Virgin East Coast to auction empty first-class seats to standard ticket buyers
How will the price be determined? Thanks to the Guardian
https://www.theguardian.com/business/2017/sep/20/virgin-east-coast-auction-first-class-seats-bid-upgrade-price?CMP=twt_gu
https://www.theguardian.com/business/2017/sep/20/virgin-east-coast-auction-first-class-seats-bid-upgrade-price?CMP=twt_gu
Wednesday, September 20, 2017
The effect of tax cuts
Both macro and micro effects looked at in this economicshelp post
https://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/
https://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/
The sugar tax debate
Thanks to economicshelp for this 2 sided look at the issue
https://www.economicshelp.org/blog/14884/economics/sugar-tax-debate/
https://www.economicshelp.org/blog/14884/economics/sugar-tax-debate/
Saturday, September 16, 2017
Wednesday, September 13, 2017
Monday, September 11, 2017
Thursday, September 07, 2017
Tuesday, September 05, 2017
Friday, September 01, 2017
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