Tuesday, January 31, 2012

Unit 2: Comparative inflation data Jan 2012

....fron anforme


Monday, January 30, 2012

Sunday, January 29, 2012

Saturday, January 28, 2012

Wednesday, January 25, 2012

Unit 2: GDP falls in the last quarter of 2001

Key info from Sky, including a video explaining what GDP is half way down the page in case you've forgotten!

http://news.sky.com/home/business/article/16156088 Sky video
http://www.bbc.co.uk/news/business-16715080 BBC article
http://www.channel4.com/news/recession-fears-as-economy-shrinks Ch4 article
http://www.channel4.com/news/why-is-britains-economy-shrinking Ch4 article

a) What is the cause of the fall in UK GDP?
b) What implications will this fall have for the UK economy?

Unit 2 Japan records its first trade deficit in 30 years


http://news.sky.com/home/business/article/16156286 Sky
http://www.bbc.co.uk/news/business-16712816 BBC

a) Comment on whether this deficit represents a problem for the Japanese economy

Monday, January 23, 2012

Unit 1: how good is legislation at reducing negative externalities?

You decide


a) What is the negative externality in the clip?
b) Why is it a negative externality?c0 Use a diagram to explain how the market fails with this externality
d) Using information from the clip, discuss the extent to which legislation is effective in reducing the negative externality

Thursday, January 19, 2012

Unit 2: What is expansionary monetary polkicy, and will it boost growth?

A great, evaluative summary from economicshelp


Unit 1: Should solar energy be subsidised?

Lots to think about in this presentation from tutor2u


a) Given the information, discuss whether subsidising solar energy is a good use og government finance

Unit 1: Information failure with processed meats?

Thanks to tutor2u for these links

http://www.bbc.co.uk/news/health-16526695 BBC article
http://www.youtube.com/watch?v=jDKHlh_egRE&feature=player_embedded Al Jazeera video

a) To what extent do you believe there is information failure in the processed meat market?
b) What actions could the government take to reduce this market failure?
c) To what extent do you believe such measures would lead to a reduction in the market failure?

Unit 2: What does the inflation figure mean?

Well, it hides a large variety of different price movements as shown by this BBC article


Wednesday, January 11, 2012

Unit 1: Negative externalities of closing a landfill site

Great clip from the BBC


a) Explain the negative externalities likely to result from this closure
b) Discuss alternative strategies open to the Mexican gGovernment to reduce the market failure

Tuesday, January 10, 2012

Unit 2: GDP v GDP per capita

As brazil overtakes the UK to rank as the 6th largest economy in the world, it's not the same story when you look at GDP per capita


a) Explain why not

Unit 2: HS2: An example of government expenditure with a multiplier effect?

The biggest single construction project for years according to the BBC

http://www.bbc.co.uk/news/uk-16482412 video

....with a multiplier effect, says this article


a) What is the size of the multiplier efect suggested by the article?
b) Explain how this multilier effect will come about

Unit 2: What determines the level of Investment?

This tutor2u article more than likely goes too far for OCR AS, but I like it!


Unit 2: The role of consumer confidence on Consumption

Thanks to tutor2u for this clear explanation


Unit 1: Natural disasters and their effect on economies

Thanks to tuto2u for pointing out this resource


a) Using a PPC diagram and words, explain the effect on the Japanese economy of the earthquake/tsunami/nuclear plant shutdown

Unit 2: Who do we trade with?

Great data from the Guardian


Unit 2: What's the limitation of GDP per capita?

Planet money explains all


Unit 1: High speed rail and externalities

HS2 has been given the go-ahead, but not everyone is happy

http://news.sky.com/home/politics/article/16145716 Sky

a) What are the positive and negative externalities associated with the project?

Friday, January 06, 2012

Unit 1: Negative externalities from metal theft

Thanks to tutor2u for this


a) What are the negative externalities from metal theft, and why are they negative externalities?

Wednesday, January 04, 2012

Unit 1: Externalities revision

A brilliant tutor2u resource, full of theory and video examples. It goes a bit further than the OCR syllabus needs and I have labelled the diagrams differently, b ut if you want a real, in depth analysis, this is great