Sunday, October 31, 2010

Unit 2: tutor2u presentation on unemployment unemployment

Unit 2: tutor2u presentation on measuring inflation inflation

Tuesday, October 26, 2010

Unit 2: How inflation is measured in the USA

Thanks to tutor2u for pointing out this graphic showing the weights of the different sections of the US CPI index

Monday, October 25, 2010

Unit 2: Supply side policies announced by government

Sky news reports (with video) the launch of centres to link universities to industry

This BBC clip shows the announcement of a national infrastructure plan

a) In what way are these supply side policies?
b) Using an AD/AS diagram, discuss the likely effect of these policies on the UK economy

Sunday, October 24, 2010

Unit 1: Negative externalities from youth alcohol consumption

A nice clip from the BBC video article

a) Discuss how successful restrictions on the consumption of alcohol are in reducing the negative externalities associated with its consumption

Thursday, October 21, 2010

Unit 1: Spains tough anti-tobacco laws

This BBC clip reports that Spain is set to restrict smoking

a) Explain, using economic terms, why Spain is enforcing these restrictions
b) Explain using a diagram, how the restrictions should reduce the market failure
c) Discuss the extent to which the policy is likely to succeed

Wednesday, October 20, 2010

Monday, October 18, 2010

Unit 1: Increasing demand for Harris Tweed

Strange as it may seeem, Sky reports increasing demand for Harris Tweed

a) Using a diagram, explain the causes and consequences of this increased demand for Harris Tweed

Friday, October 15, 2010

Unit 1: The impact of subsidies on the quantity demanded

A post from the BBC which clearly shows the impact of subsidies on the quantity demanded

a) Using a S&D diagram, explain how the withdrawl of the subsidy (ie the scrappage scheme) has effected the market

Unit 2: The output gap

Thanks to tutor2u for posting this link to the Washington post; a great graphic to explain the output gap

Unit 1: £100,000 for a bottle of whisky!!!!!!!

From the Guardian comes this tale of an astranomical price for a bottle ow whisky

a) Usins a S&D diagram, explain why the price of this whisky is so high

Saturday, October 09, 2010

Unit 1: Negative externalities: Hungary's toxic mud

These BBC clips shows the effect ot the breaching of a toxic sludge resevoir

a) Explain the negative externalities associated with this story