Demand for substitutes

Fresh oil and old plastics: Which would you choose? Thanks to Sky for this
http://news.sky.com/story/1631779/oil-price-slump-threatens-uk-recycling-jobs

National debt

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

Factors that affect foreign direct investment (FDI)

Thanks to economicshelp for this
Factors that affect foreign direct investment (FDI)

Who does the UK owe money to?

Thanks to economicshelp
http://www.economicshelp.org/blog/4098/economics/who-does-the-uk-owe-money-to/

Supply and demand: Uber's surge pricing and economic models

Thanks to tutor2u for this comparison of 2 market approaches
http://www.tutor2u.net/economics/blog/ubers-surge-pricing-and-economic-models?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2029th%20January%202016&utm_content=Economics%20daily%20digest%20Fri%2029th%20January%202016+CID_5deeb717a3b854cb2cbc275ebeb262c0&utm_source=CampMonitor&utm_term=Ubers%20surge%20pricing%20and%20economic%20models%20There%20have%20been%20a%20number%20of%20recent%20blog%20posts%20on%20the%20rise%20of%20Uber%20and%20whether%20its%20surge%20pricing%20benefits%20society%20There%20are%20arguments%20for%20and%20against%20but

Economic growth: Initial 2015 figure

From Sky
http://news.sky.com/story/1631268/gdp-growth-steady-at-0-5-percent-in-fourth-quarter

South African Rand in Freefall - The Barmy Army's Take!

Thanks to tutor2u for this which shows how the depreciating Rand has benefitted UK cricket tourists
http://www.tutor2u.net/economics/blog/south-african-rand-in-freefall-the-barmy-armys-take?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2025th%20January%202016&utm_content=Economics%20daily%20digest%20Mon%2025th%20January%202016+CID_b4aae228ca1a1e162b1f7abc97128a33&utm_source=CampMonitor&utm_term=South%20African%20Rand%20in%20Freefall%20-%20The%20Barmy%20Armys%20Take%20The%20South%20African%20rand%20is%20in%20freefall%20at%20the%20moment%20and%20Englands%20Barmy%20Army%20watching%20the%20test%20match%20the%20other%20day%20decided%20to%20poke%20some%20gentle%20fun%20at%20their%20hosts

Causes of a Current Account Deficit

Thanks to tutor2u
http://www.tutor2u.net/economics/reference/exam-technique-causes-of-a-current-account-deficit?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2022nd%20January%202016&utm_content=Economics%20daily%20digest%20Fri%2022nd%20January%202016+CID_d282d3276f770930cc9c2ea251d50f39&utm_source=CampMonitor&utm_term=Exam%20Technique%20Causes%20of%20a%20Current%20Account%20Deficit%20Practice%20exam%20questions%20Economist%20Ed%20Huang%20looks%20at%20this%20question%20on%20the%20balance%20of%20payments%20%20Evaluate%20the%20causes%20of%20persistent%20current%20account%20deficits%20for%20developed%20or%20developing%20countries

Exchange rate stories

Thanks to tutor2u for this collection
http://www.tutor2u.net/economics/blog/currencies-in-the-news?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2022nd%20January%202016&utm_content=Economics%20daily%20digest%20Fri%2022nd%20January%202016+CID_d282d3276f770930cc9c2ea251d50f39&utm_source=CampMonitor&utm_term=Currencies%20in%20the%20News%20This%20Storify%20will%20curate%20topical%20analysis%20and%20discussion%20of%20currencies%20that%20are%20in%20the%20news%20The%20aim%20is%20for%20students%20to%20understand%20better%20some%20of%20the%20factors%20that%20determine%20the

The impact of a falling Canadian $

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/canadas-sliding-currency-rattles-consumers/4714668771001

Currency controls imposed by Nigeria

Reported by the BBC
http://www.bbc.co.uk/news/business-35380549

Aggregate demand and aggregate supply resources

Thanks to tutor2u for setting up this pinterest page

https://uk.pinterest.com/geoffriley/aggregate-demand-and-aggregate-supply/

Folic acid; a case of market failure?

Possibly, if this BBC report is correct
http://www.bbc.co.uk/news/uk-scotland-35384767

Global inequality

A stunning statistic (if it's true) from the BBC
http://www.bbc.co.uk/news/business-35339475
and why you might be sceptical
http://www.tutor2u.net/economics/blog/oxfam-report-on-increasing-wealth-inequality-some-flaws-in-the-data?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2020th%20January%202016&utm_content=Economics%20daily%20digest%20Wed%2020th%20January%202016+CID_ce97c88198e3df49c2463c53788fb099&utm_source=CampMonitor&utm_term=Oxfam%20report%20on%20increasing%20wealth%20inequality%20-%20some%20flaws%20in%20the%20data%20You%20may%20have%20seen%20the%20news%20this%20week%20that%20Oxfam%20have%20released%20a%20report%20suggesting%20that%201%20of%20the%20worlds%20population%20now%20owns%2050%20of%20its%20wealth%20I%20like%20this%20resource%20from

What is inflation?

Thanks to the Guardian for this
https://www.youtube.com/watch?v=HQ-Kg_xgdhE

Examples of market failure, externalities and demerit goods

Thanks to tutor2u for these 2
http://www.scoop.it/t/marketfailure
and
http://www.tutor2u.net/economics/blog/recent-resources-on-market-failure-jan-2016?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2019th%20January%202016&utm_content=Economics%20daily%20digest%20Tue%2019th%20January%202016+CID_ff11589e6f750c03a3b3ec9afced23eb&utm_source=CampMonitor&utm_term=Recent%20Resources%20on%20Market%20Failure%20Jan%202016%20Here%20are%20some%20recent%20resources%20on%20market%20failure%20especially%20externalities%20and%20demerit%20goods

Monopoly, perfect competition and market concentration

Thanks to tutor2u for these presentations
Monopoly
http://www.tutor2u.net/economics/reference/monopoly-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2018th%20January%202016&utm_content=Economics%20daily%20digest%20Mon%2018th%20January%202016+CID_52339124241b43bb8c1d898ce6fa12e2&utm_source=CampMonitor&utm_term=Monopoly%20Study%20presentations%20This%20is%20an%20updated%20revision%20presentation%20on%20the%20economics%20of%20monopoly%20power%20in%20markets
Perfect competition
http://www.tutor2u.net/economics/reference/perfect-competition-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2018th%20January%202016&utm_content=Economics%20daily%20digest%20Mon%2018th%20January%202016+CID_52339124241b43bb8c1d898ce6fa12e2&utm_source=CampMonitor&utm_term=Perfect%20Competition%20Study%20presentations%20This%20is%20an%20updated%20revision%20presentation%20on%20the%20economics%20of%20the%20market%20structure%20known%20as%20Perfect%20Competition
Market concentration
http://www.tutor2u.net/economics/reference/market-concentration-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2018th%20January%202016&utm_content=Economics%20daily%20digest%20Mon%2018th%20January%202016+CID_52339124241b43bb8c1d898ce6fa12e2&utm_source=CampMonitor&utm_term=Market%20Concentration%20Study%20presentations%20This%20is%20an%20updated%20revision%20presentation%20on%20how%20we%20measure%20market%20concentration%20and%20market%20power

Jan 2016 employment, unemployment and wage growth data

Thanks to Sky
http://news.sky.com/story/1626177/unemployment-falls-but-pay-growth-stalls

Port Talbot redundancies and the negative multiplier effect

Thanks to the BBC
http://www.bbc.co.uk/news/uk-wales-35347728
and Ch4
http://news.sky.com/story/1624905/tata-steel-to-axe-more-than-1000-jobs-in-uk
and
https://www.youtube.com/watch?v=hyh1RNIThm8

Falling demand for PC's

A trend seems to be setting in, reports tutor2u
http://www.tutor2u.net/economics/blog/global-pc-sales-continue-to-decline?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2016th%20January%202016&utm_content=Economics%20daily%20digest%20Sat%2016th%20January%202016+CID_740861eecd34fb1fb8097660cc3b0d53&utm_source=CampMonitor&utm_term=Global%20PC%20Sales%20Continue%20to%20Decline%20More%20evidence%20here%20of%20the%20structural%20decline%20in%20sales%20of%20PCs%20in%20the%20global%20computer%20industry

Economic efficiency

Thanks to tutor2u for this summary
http://www.tutor2u.net/economics/reference/economic-efficiency-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2015th%20January%202016&utm_content=Economics%20daily%20digest%20Fri%2015th%20January%202016+CID_8f1c652e085ba9e45eb9bbf2fc87fc27&utm_source=CampMonitor&utm_term=Economic%20Efficiency%20Study%20presentations%20This%20is%20an%20updated%20revision%20presentation%20on%20economic%20efficiency%20in%20markets

Cross Price Elasticity of Demand - Music Streaming Hits Album Sales

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/cross-price-elasticity-of-demand-music-streaming-hit-album-sales?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2014th%20January%202016&utm_content=Economics%20daily%20digest%20Thu%2014th%20January%202016+CID_1321dad8d69efa003b176e7d38acd312&utm_source=CampMonitor&utm_term=Cross%20Price%20Elasticity%20of%20Demand%20-%20Music%20Streaming%20Hits%20Album%20Sales%20The%20growing%20popularity%20of%20relatively%20low-priced%20music%20streaming%20from%20services%20such%20as%20Apple%20Music%20and%20Spotify%20is%20coming%20at%20the%20expense%20of%20other%20market%20segments%20This%20is%20a%20good%20example

Price discrimination

Thanks to tutor2u for these examples and revision presentation
http://www.tutor2u.net/economics/reference/topical-examples-of-price-discrimination?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2014th%20January%202016&utm_content=Economics%20daily%20digest%20Thu%2014th%20January%202016+CID_1321dad8d69efa003b176e7d38acd312&utm_source=CampMonitor&utm_term=Topical%20Examples%20of%20Price%20Discrimination%20Study%20notes%20This%20study%20note%20curates%20recent%20examples%20of%20price%20discrimination%20in%20action%20This%20is%20a%20pricing%20strategy%20used%20by%20the%20majority%20of%20businesses%20as%20a%20way%20of%20generating%20extra%20revenue%20increasing

and this on the Hurdle model of price discrimination
http://www.tutor2u.net/economics/reference/the-hurdle-model-of-price-discrimination?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2015th%20January%202016&utm_content=Economics%20daily%20digest%20Fri%2015th%20January%202016+CID_8f1c652e085ba9e45eb9bbf2fc87fc27&utm_source=CampMonitor&utm_term=The%20Hurdle%20Model%20of%20Price%20Discrimination%20Study%20notes%20The%20hurdle%20model%20is%20associated%20with%20economist%20Professor%20Robert%20Frank%20The%20hurdle%20method%20separates%20buyers%20with%20low%20minimum%20buying%20prices%20from%20buyers%20with%20higher%20so-called%20reservation%20prices

Economies and diseconomies of scale

Thanks to tutor2u for this revision presentation
http://www.tutor2u.net/economics/reference/economies-and-diseconomies-of-scale-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2014th%20January%202016&utm_content=Economics%20daily%20digest%20Thu%2014th%20January%202016+CID_1321dad8d69efa003b176e7d38acd312&utm_source=CampMonitor&utm_term=Economies%20and%20Diseconomies%20of%20Scale%20Study%20presentations%20This%20is%20a%20revision%20presentation%20on%20economies%20and%20diseconomies%20of%20scale

Costs

Thanks to tutor2u for this revision presentation
http://www.tutor2u.net/economics/reference/revision-presentation-on-business-costs?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2013th%20January%202016&utm_content=Economics%20daily%20digest%20Wed%2013th%20January%202016+CID_76a1c78f4a4bbd9bffeb4c0af1eecc84&utm_source=CampMonitor&utm_term=Business%20Costs%20in%20the%20Short-Run%20Study%20presentations%20This%20is%20a%20revision%20presentation%20on%20business%20costs%20in%20the%20short%20run

Revenue

Thanks to tutor2u for this revision presentation
http://www.tutor2u.net/economics/reference/business-revenues-revision-presentation?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2012th%20January%202016&utm_content=Economics%20daily%20digest%20Tue%2012th%20January%202016+CID_c88eb16c3d6de2a6b457892d638f26c8&utm_source=CampMonitor&utm_term=Business%20Revenues%20Study%20presentations%20This%20is%20a%20revised%20and%20updated%20revision%20presentation%20on%20business%20revenues

The UK economy 2016

Thanks to economicshelp for this data packed post
http://www.economicshelp.org/blog/15519/economics/uk-economy-2016/

UK National Debt

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

UK Inflation Rate and Graphs

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/5720/economics/inflation-stats-and-graphs/

UK Budget Deficit

Thanks to economicshelp for this summary
http://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/

Migration: The effect on Ireland

Nice clip from the BBC
http://www.bbc.co.uk/news/business-35261605

Alcohol "safe" drinking limits: Information failure?

The government is revising advice: Have we been suffering from information failure and has the market resulted in overconsumption?
Reports from the BBC
http://www.bbc.co.uk/news/health-35266826
http://www.bbc.co.uk/news/uk-35252650
http://www.bbc.co.uk/news/uk-35255384
http://www.bbc.co.uk/news/uk-35254302

Rising demand for new cars in the UK

2015 saw a record-breaking number of new cars sold, reports the BBC
http://www.bbc.co.uk/news/business-35249937

Inequality of income in the UK

Thanks to tutor2u for this link to the BBC and ONS data
http://www.tutor2u.net/economics/blog/today-is-fat-cat-tuesday?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%206th%20January%202016&utm_content=Economics%20daily%20digest%20Wed%206th%20January%202016+CID_732574ea8affd2607bbe292064b9245a&utm_source=CampMonitor&utm_term=Today%20is%20Fat%20Cat%20Tuesday%20Heres%20a%20fascinating%20analysis%20about%20income%20inequality%20from%20a%20campaign%20group%20called%20High%20Pay%20Centre%20click%20here%20for%20the%20BBC%20article%20A%20level%20economics%20students%20will%20know%20that%20income%20inequality

The role of the central bank

Thanks to tutor2u for this introductory video
http://www.tutor2u.net/economics/blog/what-is-the-role-of-central-banks-today?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%204th%20January%202016&utm_content=Economics%20daily%20digest%20Mon%204th%20January%202016+CID_b3842c58ba9c88875020b6eb941dbfaa&utm_source=CampMonitor&utm_term=What%20is%20the%20role%20of%20central%20banks%20today%20As%20part%20of%20the%20Bank%20of%20Englands%20Open%20Forum%20this%20short%20introductory%20video%20asks%20people%20what%20is%20the%20role%20of%20a%20central%20bank%20Might%20be%20useful%20as%20a%20starting%20point

New laws on e-cigarettes to be introduced across EU

Thanks to the BBC for this
http://www.bbc.co.uk/news/health-35216804

Information failure: How many calories in alcoholic drinks?

Interesting clip from the BBC
http://www.bbc.co.uk/news/uk-35213155
and test yourself
http://www.bbc.co.uk/news/health-35213536

Alcohol guidelines may advise 'dry' days

Information to reduce market failure may be on the way reports the BBC
http://www.bbc.co.uk/news/health-35210560

Delhi begins car restriction plan to tackle pollution

An example of regulation to reduce market failure from Aljazeera
http://www.aljazeera.com/news/2016/01/delhi-begins-car-restriction-plan-tackle-pollution-160101075758595.html and http://www.aljazeera.com/news/2016/01/delhi-cars-odd-formula-india-pollution-160103075511009.html
and this video from the BBC
http://www.bbc.co.uk/news/world-asia-35209120