UK Budget Deficit

 Thanks to economicshelp https://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/ and https://www.economicshelp.org/blog/7072/economics/how-important-is-the-budget-deficit/

Reasons for falling value of Pound

 Thanks to economicshelp https://www.economicshelp.org/blog/135/economics/falling-value-of-pound-sterling/

UK Government spending – real and as % of GDP

 Thanks to economicshelp https://www.economicshelp.org/blog/5326/economics/government-spending/

Negative externalities and government action

 Say "cheese" https://www.bbc.co.uk/news/uk-england-cornwall-61914566

Turkish inflation hits 70%

 Thanks to econfix https://econfix.wordpress.com/2022/06/05/turkish-inflation-hits-73-5-but-not-surprising/

Rising interest rates and their effects

 Thanks to CNBC

https://www.youtube.com/watch?v=ppiHihspPC4&t=7s

National s#debt data 2022

 Thanks to econhelp

https://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

Rising salon prices

 THanks to ther BBC

https://www.bbc.co.uk/news/av/business-61500041

Global Inequality – 10% of population own 76% of wealth

 Thanks to econfix

https://econfix.wordpress.com/2022/05/14/global-inequality-10-of-population-own-76-of-wealth/

What's your inflation rate?

 Thanks to the NY Times

https://www.nytimes.com/interactive/2022/05/08/business/economy/inflation-calculator.html?fbclid=IwAR1iYPvls9eNAih0ijs3Wv7gd2DZnLA9F_mEFte7pA8QbM3TvuCFJIS5f9c

UK infaltion April 2022

 Thanks to the BBC https://www.bbc.co.uk/news/uk-61090937

Fridge-freezer prices up by 30%

 Thanks to the BBC https://www.bbc.co.uk/news/business-61147756

Households cancel streaming services to cut costs

 Thanks to the BBC https://www.bbc.co.uk/news/business-61139483

Five things that are going up in price and why

 Thanks to the BBC https://www.bbc.co.uk/news/business-61095186

Shrinkflation strikes again at Cadburys

 https://www.bbc.co.uk/news/business-60902583

Indirect taxes can lead to cross border smuggling

 Sugar tax side effect in Portugal https://www.dw.com/en/criminal-gangs-smuggle-sodas-into-portugal-to-avoid-sugar-tax/a-59549572?maca=en-Twitter-sharing

Interest rate rise March 2022

 Graph haf way down https://www.bbc.co.uk/news/business-60763740

Rising costs force up the price of fish and chips

 Thanks to the BBC https://www.bbc.co.uk/news/av/business-60762921?at_medium=RSS&at_campaign=KARANGA

What is the UK's inflation rate and why is the cost of living going up?

 Thanks to the BBC https://www.bbc.co.uk/news/business-12196322

Basket of goods changes 2022

 https://www.bbc.co.uk/news/business-60734386

Stagflation

 Thanks to econfix https://econfix.wordpress.com/2022/03/02/global-stagflation-and-the-threat-to-democracy/

Russia doubles interest rate after rouble slumps

 Thanks to the BBC https://www.bbc.co.uk/news/business-60550992

REal wages fall

 Thanks to the BBC https://www.bbc.co.uk/news/business-60373405

UK output rebounds..................but notto pre-covid levels

 Thanks to the BBC

https://www.bbc.co.uk/news/business-60344573

Price index mindmap

 Thanks to econfix https://econfix.wordpress.com/2022/02/14/price-indices-mindmap/

Rising inflation

 Updated graph in this from the BBC https://www.bbc.co.uk/news/business-12196322

interest rates and monetary policy explained

 Thanks to the BBC https://www.bbc.co.uk/news/business-57764601

Rising interest rates

 THanks to the BBC for the updated graph in here https://www.bbc.co.uk/news/business-60197463

Food externalities

 Thanks to the FT https://www.youtube.com/watch?v=k8wYxkZuzaQ

The rising cost of living

 Great summary from the BBC

https://www.bbc.co.uk/news/av/uk-60167947?at_medium=RSS&at_campaign=KARANGA

Future changes to the way inflation is measured?

 They could be quite radical, it appears from this BBC report

 https://www.bbc.co.uk/news/business-60140858

UK inflation hits 30 year high (Jan 2022)

 Thanks to Ch4

https://www.channel4.com/news/cost-of-living-prices-soaring-at-fastest-rate-for-30-years

Inflation symptom in Turkey

 Thanks to the BBC

https://www.bbc.co.uk/news/av/business-59690896

A trans-generational negative externality from smoking

 Thanks to the BBC

https://www.bbc.co.uk/news/uk-59806562

....and still container ships get bigger

 The latest

https://www.bbc.co.uk/news/av/uk-england-suffolk-58550645

Collapsing demand for hospitality

 Great report from Ch4

https://www.channel4.com/news/covid-can-the-hospitality-industry-survive-the-omicron-wave

BoE raises interest rates

 ....and CH4 outline the reasons and consequences. Great!

https://www.channel4.com/news/bank-of-england-hikes-interest-rates-amid-soaring-inflation

FT case study on S&D: Coffee prices

 Click to read the article and then answer the questions

https://www.ft.com/content/1e1d6d31-8667-4b4f-b0b7-10038e8894b4

UK inflation hits 10 year high

 Thanks to the BBC

https://www.bbc.co.uk/news/business-59663947

Extreme intervention in the NZ cigarette market

 Thanks to the BBC

https://www.bbc.co.uk/news/world-asia-59589775

Types of unemployment

 Thanks to economicshelp for this nice summary

https://www.economicshelp.org/blog/716/unemployment/types-of-unemployment/

A strange approach to reducing inflation

 Turkey.

Thanks to econfix for this https://econfix.wordpress.com/2021/12/01/turkey-cuts-interest-rates-to-control-inflation/

Energy self suffiency....well, almost

 The island of Eigg, reports the BBC

https://www.bbc.co.uk/news/av/science-environment-59238305?at_medium=RSS&at_campaign=KARANGA

Recycling buildings: The way to a more sustainablefuture?

 Great video from the BBC

https://www.bbc.co.uk/news/av/technology-59318353?at_medium=RSS&at_campaign=KARANGA

Alternatives to GDP

 Thanks to economicshelp

https://www.economicshelp.org/blog/167255/economics/alternatives-to-gdp/

Kickstart: A supply side policy for youth unemployment

 Thanks to the BBC

https://www.bbc.co.uk/news/business-59292194

UK inflation hits 4.2%

 Thanks to the BBC

https://www.bbc.co.uk/news/business-59316544

A foaming river in India

 A negative externality from the BBC

https://www.bbc.co.uk/news/av/world-asia-india-59225086?at_medium=RSS&at_campaign=KARANGA

Forests or diamonds

 Great example of opportunity cost from the BBC

https://www.bbc.co.uk/news/av/world-asia-59182550?at_medium=RSS&at_campaign=KARANGA

Green hydrogen; a clean source of power?

 Thanks to the BBC for these 2 videos

https://www.bbc.co.uk/news/av/science-environment-59092240?at_medium=RSS&at_campaign=KARANGA

https://www.bbc.co.uk/news/av/uk-scotland-59185607?at_medium=RSS&at_campaign=KARANGA

Sustainable salad crops

 A great 2 part story from the BBC https://www.bbc.co.uk/news/av/technology-53178463 and https://www.bbc.co.uk/news/av/technology-59221963

Increased wages leading to cost-push inflation

 Thanks to econhelp

https://www.economicshelp.org/blog/167078/economics/wage-push-inflation/

Should you be concerned about inflation?

 Thanks to econfix

https://econfix.wordpress.com/2021/10/25/inflation-in-the-global-economy-a-concern/

Monetary policy in Braziul

 Thanks to econfix

https://econfix.wordpress.com/2021/10/29/brazil-rapid-fire-with-interest-rate-rises/

Takeaway meals still booming despite restaurant return, says Deliveroo

 Thanks to the BBC

https://www.bbc.co.uk/news/business-58980370

Balance of Payments summary

 Thasnks to econfix

https://econfix.wordpress.com/2021/10/16/as-economics-revision-balance-of-payments/

Automation: Drones

 Thanks to the BBC

https://www.bbc.co.uk/news/av/uk-scotland-58819900?at_medium=RSS&at_campaign=KARANGA

Semiconductor chip supply

 Thanks to the BBC

https://www.bbc.co.uk/news/av/world-us-canada-58820331?at_medium=RSS&at_campaign=KARANGA

Why is the inflation rate rising?

 Thanks to the BBC

https://www.bbc.co.uk/news/business-12196322

An unusual form of fiscal policy in NI

 Thanks to the BBC

https://www.bbc.co.uk/news/uk-northern-ireland-58781532

The importance of international trade

 Thanks to economicshelp

https://www.economicshelp.org/blog/58802/trade/the-importance-of-international-trade/

Business cycle: Different shaped recoveries

 Thanks to econfix

https://econfix.wordpress.com/2021/09/24/v-u-z-w-l-recoveries-and-the-inverted-square-root-2/

Where does the government borrow from?

 Thanks to the BBC

https://www.bbc.co.uk/news/business-50504151

UK inflation prospects

 Nice evaluation from economicshelp with good data

https://www.economicshelp.org/blog/166869/economics/prospects-for-inflation-in-2022/

Rising UK inflation reasons

 Thanks to the BBC

https://www.bbc.co.uk/news/business-58563417

...and C4

https://www.channel4.com/news/uk-inflation-sees-record-rise-as-price-of-food-soars

What is inflation and why does it happen?

 Thanks to CNBC

https://www.youtube.com/watch?time_continue=144&v=FMKMWBqy_EA&feature=emb_logo

Increased demand for surfing in China

 Thanks to the BBC

https://www.bbc.co.uk/news/av/world-asia-58552057?at_medium=RSS&at_campaign=KARANGA

Negative externalities from gas flaring in Nigeria

 Thanks to the BBC

https://www.bbc.co.uk/news/av/world-africa-58549010?at_medium=RSS&at_campaign=KARANGA

The effects of labour shortages

 Thanks to econhelp

https://www.economicshelp.org/blog/25536/labour-markets/labour-shortages/

Negative externalities from illegal gold mines

 Thanks to the BBC

https://www.bbc.co.uk/news/av/world-africa-58119653

Why arehouse prices so high?

 Thanks to econfix for this analysis

https://www.economicshelp.org/blog/8733/housing/uk-house-prices-high/

The impact of increasing the minimum wage in the USA

 Thanks to econfix for this analysis

https://econfix.wordpress.com/2021/09/01/us-minimum-wage-increase-does-it-mean-more-job-losses-2/

Leaded petrol: A great example of government action to reduce negative externalities

 Thanks to the BBC

https://www.bbc.co.uk/news/world-58388810

Key terms for unit 1 and unit 2

 No glossary is ideal, but if you want a starting point you can use these from tutor2u. Click the "download" button on each page

Unit 1 https://www.tutor2u.net/economics/reference/edexcel-alevel-economics-key-term-glossary-theme-1

Unit 2 https://www.tutor2u.net/economics/reference/edexcel-alevel-economics-key-term-glossary-theme-2

Declining negative externalities: Gay men can donate blood

 Thanks to the BBC

https://www.bbc.co.uk/news/av/uk-57469036

Traffic pollution and negative externalities

 Easy to see who the 3rd parties are in this BBC clip

https://www.bbc.co.uk/news/av/uk-57203122

The microchip market

 Rising demand and inelastic supply. Thanks to the BBc

https://www.bbc.co.uk/news/av/business-56943292

Diesel cars: The private and social cost of driving

 Thanks to econhelp for this

https://www.economicshelp.org/blog/166576/economics/pros-and-cons-of-charging-diesel-cars-for-driving-in-city-centres/

PED revision

 Nice summary from econfix

https://econfix.wordpress.com/2021/08/30/as-economics-price-elasticity-of-demand-2/

Mixed economy mindmap

 Thanks to econfix

https://econfix.wordpress.com/2021/08/22/as-economics-mixed-economy-mindmap/

Covid price increases

 Suply and demand in action , reports the BBC

https://www.bbc.co.uk/news/business-58372882

Sustainable growth

 An interesting BBC story. Could it be scaled up?

https://www.bbc.co.uk/news/av/world-europe-58320618?at_medium=RSS&at_campaign=KARANGA

Do hosting the Olympics provide a miltiplier effect?

  if this BBC clip is correct

https://www.bbc.co.uk/news/av/57919584

NZ business cycle

 Great diagram from econfix

https://econfix.wordpress.com/2021/08/24/can-the-new-zealand-economy-bounce-back-after-second-lockdown/

Fiscal poicy in NI

 

 £100 cards 'to be available in September' reports the bbc

https://www.bbc.co.uk/news/av/uk-northern-ireland-58012541

and

https://www.bbc.co.uk/news/uk-northern-ireland-58012540

What are interest rates?

 Thanks to the BBC

https://www.bbc.co.uk/news/business-57764601

Sustainable brewing

 Thanks to the BBC

https://www.bbc.co.uk/news/av/world-australia-57675513

Where does the government borrow billions from?

 Thanks to the BBC

https://www.bbc.co.uk/news/business-50504151

Capital intensive: Ocado

 Amazing!

https://www.youtube.com/watch?v=ssZ_8cqfBlE

Crazy UK holiday prices

 Thanks to the Guardian

https://www.theguardian.com/business/2021/jun/19/prices-are-ridiculous-uk-holiday-costs-more-than-europe-as-demand-grows

I imagine the prices will fall back next year as people revert to holidays overseas and so this could be an example of volatile prices resulting from a large increase in demand and price inelastic supply

Negative multiplier

 The first 10 minutes is a good example

https://www.bbc.co.uk/programmes/w3ct2g7k

The New Inflation Threat – Cost Push and Demand Pull – should we be worried?

 Thanks to econfix

https://blog.elearneconomics.com/the-new-inflation-threat-cost-push-and-demand-pull-should-we-be-worried/

Denmark increases its factors of production

 Thanks to the BBC

https://www.bbc.co.uk/news/world-europe-57348415

Where does the government borrow billions from?

 Thanks to the BBC

https://www.bbc.co.uk/news/business-50504151

Fiscal policy in Northern Ireland

 A new voucher scheme is announced

https://www.bbc.co.uk/news/av/uk-northern-ireland-56949203

Government capital infrastructure spending

 Plans to re-open the Ulster canal will come to fruition

https://www.bbc.co.uk/news/uk-northern-ireland-56932303

Contrasting recovery from Covid in Q1 2021

Bad for the EU which is in recession

https://www.bbc.co.uk/news/business-56940720

Very good for the USA

https://www.bbc.co.uk/news/business-56932023

Biden's Covid stimulus plan

 Thanks to the BBC

https://www.bbc.co.uk/news/business-56019033

and CNBC

https://www.cnbc.com/2021/01/14/biden-stimulus-package-details-checks-unemployment-minimum-wage.html

Sustainable growth

 Battery storage; a new approach

https://www.bbc.co.uk/news/av/uk-scotland-56833232

Budget 2021

 Thanks to Sky

https://www.channel4.com/news/budget-2021-spend-spend-spend-followed-by-aggressive-tax-hikes

and https://www.channel4.com/news/budget-2021-sunak-promises-giveaway-now-and-tax-hikes-later