Sunday, January 31, 2010

Unit 2: The financial cost of unemployment

This Telegraph article outlines the financial cost of unemployment in the UK; it also shows how it is unequally spread across the country

Unit 2: How bad is unemployment in this recession

When evaluating how bad a problem unemployment is for the economy, it's useful to be able to make a comparison; these charts from the ONS are therefore very useful.

Monday, January 25, 2010

Unit 2: Causes of changes in consumer confidence

Two nice articles from economics help, putting the importance of consumer confidence in context

Unit 2: Economic growth and environmental impacts

This from the Times (via tutor2u)

a) What might you consider the link to be between economic growth and the factors indicated?
b) Does the data back up your theory?

Sunday, January 24, 2010

Unit 2: Economic growth in China

A really good article from anforme on economic growth in China

a) Using the AD equation, explain the reasons for economic growth in China
b) Using an AD/AS diagram, explain why the article arues this increased economic growth is unlikey to result in inflation in China
c) To what extent do you agree with this conclusion?

Unit 2: Rising UK inflation data

A good summary of the latest position, including a diagram, from anforme

Unit 1: The price of rubber

A video from the BBC explaining the changing price of rubber

a) Using a S&D diagram, explain why the price of rubber has risen. Make sure you cover both supply and demand factors

Unit 2: UK unemployment January 2010: Total numbers and the inequity of the burden of unemployment in the UK

The latest unemployment figues BBC video BBC article Ch4 video and analysis. The article has some good hyperlinks in it anforme analysis

a) Why has the unemployment total not risen as fast as anticipated?

The personal stories of some of the young unemployed in the UK

A minister explaining the latest data and how different groups are hit differently

b)To what extent is unemployment a significant economic problem in the UK?

Unit 1 The price of garlic

Thanks to tutor2u for this article from the China Daily on the surging price of garlic

a) What factors that effect demand have changed?
b) What factors that effect supply have changed?
c) Use a S&D diagram to show why the price has risen so sharply

Tuesday, January 19, 2010

Unit 2: Revision: Inflation

A great summary from the BBC

Unit 1: More proposals to control alcohol consumption

The BBC reports the latest government proposals to control alcohol consumption

a) What is the market failure the government is trying to tackle?
b) Tq what extent do you believe these new proposals are likely to succeed in reducing the market failure?

Saturday, January 16, 2010

Unit 2: Falling consumer confidence

Anforme reprt falling UK consumer confidence

a) Why might this result in a fall in consumption spending in the UK?
b) Why might it not?

Thursday, January 14, 2010

Unit 1: Information failure with alcohol: Is this the answer

A proposal to change the way information on alcohol is given

a) To what extent do you believe this proposal would reduce the market failure associated with alcohol production?

Saturday, January 09, 2010

Unit 1: A minimum price for alcohol; a way of reducing market failure?

Anforme/BBC have these informative articles on the proposal to have a minimum price for alcohol BBC video

a) Discuss whether there should be a minimum price on alcohol to reduce the market failure associate with its excessive consumption

Unit 1: Taxes on alcohol and tobacco

The BBC reports that Greece is to increase its taxes on alcohol and tobacco

a) What type of taxes are these?
b) Draw a S&D diagram to show the effect of increasing the taxes
c) Given the government think that increasing the taxes will increase its revenues, what can you say about demand for these products?
d) Why is this the case?