Unit 1: The price of strawberries

This Sky video is interesting

http://news.sky.com/skynews/Home/UK-News/Strawberry-Crop-Warm-Weather-Produces-Biggest-and-Best-Bumper-English-Strawberries-in-20-Years/Article/201105215988234?lpos=UK_News_First_Buisness_Article_Teaser_Region_6&lid=ARTICLE_15988234_Strawberry_Crop%3A_Warm_Weather_Produces_Biggest_and_Best_Bumper_English_Strawberries_in_20_Years

a) Why has the supply of English strawberries increased?
b) Given the increase in supply, explain why the price has not decreased

Unit 2: Macro data for 2011

Thanks to tutor2u for this great data source

http://www.tutor2u.net/economics/presentations/ukeconomymay2011/handout.pdf

Unit 1: Obesity and government intervention

Thanks to tutor2u for finding this video on the American experience

http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-fast-food-fat-profits-obesity-in-the-usa/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:12:11:00Z

Unit 1: Negative externality photos; Gulf oil spill

Thanks to tutor2u for finding these

http://www.boston.com/bigpicture/2011/04/gulf_oil_spill_one_year_later.html

Unit 2: Australian economy data

Thanks to tutor2u for this

http://www.tutor2u.net/blog/index.php/economics/comments/australia-booming-ahead/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:34:00Z

Unit 2: How inflation is measured

Although this is US data, it is for CPI and so should be similar for the UK

http://flowingdata.com/2011/04/27/how-much-more-we-pay-for-stuff-now-than-we-did-last-year/

a) Why was US inflation only 2.7% when gasoline went up 27.5%? Surely everybody buys petrol?

Unit 2: What are the effects of a surplus on the BOP current account?

A nice summary from economicshelp

http://econ.economicshelp.org/2011/04/surplus-on-current-account-balance-of.html

Unit 2: UK unemployment falls

Latest data from the BBC http://www.bbc.co.uk/news/business-13059332 and anforme http://www.anforme.co.uk/blog/?p=2078

Unit 2: Why did CPI inflation fall from 4.4% to 4%?

.....Ch4 reports http://www.channel4.com/news/inflation-falls-to-4-per-cent-in-march ....and the BBC http://www.bbc.co.uk/news/business-13053140 video http://www.bbc.co.uk/news/business-13045775 article....and anformehttp://www.anforme.co.uk/blog/?feed=rss2

Unit 1: The price of cars

A nice summary from tuto2u including a nice graphic http://www.tutor2u.net/blog/index.php/economics/comments/as-micro-prices-for-new-and-second-hand-cars/

Unit 1: How far should a government go in intervening in the free market? Cigarettes in Australia

A great post from Nick Bryant's BBC blog http://www.bbc.co.uk/blogs/thereporters/nickbryant/2011/04/big_tobacco_takes_another_big.html a) Discuss the likely success of these policies in reducing the market failure from the consumption of these demerit goods in Australia

Unit 1: Fines to back up regulation

Sky has news of fines for tanning salons that allow children to use their sun beds http://news.sky.com/skynews/Home/UK-News/Video-UK-New-Law-Bans-Businesses-From-Allowing-Under-18s-To-Use-Its-Sunbeds/Article/201104215968690?f=rss The BBC has an article http://www.bbc.co.uk/news/health-12998030 a) Why does this law apply to children only? b) To what extent do you believe this legislation will reduce sunbed use by children?

Unit 2: Rising EU interest rates

This BBC clip shows the dilema faced by the European central bank; to raise interest rates or not? http://www.bbc.co.uk/news/business-13005958 a) Why should the european central bank increase interest rates? b)...and why not? c) What policy actions could a government take if they believed this rise in rates to be against the need of their economy?

Unit 2: The state of the Australian economy

3 stories from the BBC http://www.bbc.co.uk/news/business-12605475 on growth/GDP http://www.bbc.co.uk/news/business-12605302 on inflation/interest rates http://www.bbc.co.uk/news/business-12983692 on falling unemployment and why interest rates may need to rise in the futre a) Comment on the macroeconomic performance of the Australian economy

Unit 1: University education; a merit good?

Ch4 have this summary of a new report http://www.channel4.com/news/a-university-education-what-is-it-worth a) Define a merit good b) To what extent does university education match that definition? c) Does the free market for university education fail ion the economic sense? d) What, if any, actions should the government take in this market?

Unit 1: Organic food; a luxury good?

Economicshelp has this interesting question http://www.economicshelp.org/blog/economics/organic-food-a-luxury-good/

Unit 2: BoP data

...from tutor2u http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-balance-of-payments/

Unit 2: Balance of Payments current account data

Thanks to tutor2u for this recap of the BoP and the current account data as a % of GDP http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-key-term-current-account-deficit/

Unit 2: UK's worst ever trade figures

...report Sky news http://news.sky.com/skynews/Home/Business/UK-Goods-Trade-Gap-Widens-To-Highest-Ever-Level-While-Fourth-Quarter-GDP-Revised-Up-To--05/Article/201103415962136?f=rss ...and a commentary and graph from anforme http://www.anforme.co.uk/blog/?feed=rss2

Unit 2: The multiplier in action: The Ryder Cup's effect on Wales

Nice example of the multiplier effect from the BBC

http://www.bbc.co.uk/news/uk-wales-12834078

Unit 2: UK budget 2011 - 12

A summary from the BBC

http://www.bbc.co.uk/news/uk-politics-12836708

A great interactive guide from the guardian showing income, expenditure and borrowing

http://www.guardian.co.uk/uk/interactive/2011/mar/23/budget-tax

This one shows the sources of income from various taxes

http://www.guardian.co.uk/uk/interactive/2011/mar/24/budget-2011-interactive-tax-guide

...and this one cuts the speech in to chunks related to topics; excellent

http://www.guardian.co.uk/uk/interactive/2011/mar/23/budget-2011-interactive-presentation

...and a commentary from anforme

http://www.anforme.co.uk/blog/?feed=rss2

Unit 2: CPI infation rises to 4.4%

A clear explanation as to why from this BBC clip

http://www.bbc.co.uk/news/business-12821852

and more analysis

http://www.bbc.co.uk/news/business-12817476

Unit 1: Carbon taxes; pros and cons

Thanks to economicshelp for this

http://www.economicshelp.org/blog/economics/carbon-tax-pros-and-cons/

Unit 1: Specialisation in car production

A great post from tutor2u which shows how car production has changed

http://www.tutor2u.net/blog/index.php/economics/comments/model-t-ford-and-mercedes-benz-specialisation-across-the-ages/

Unit 2: UK interest rates

Thanks to tutor2u for this link to UK interest rates

http://www.tutor2u.net/blog/index.php/economics/comments/uk-economy-nominal-and-real-interest-rates/

Unit 2: UK unemployment data

...courtesy of the guardian

http://www.guardian.co.uk/business/interactive/2009/jun/22/unemployment-and-employment-statistics-recession

Unit 2: Supply side policies: Reduced red tape

http://www.bbc.co.uk/news/business-12782433

Unit 2: Tariff imposed on ceramic tiles

..says the BBC

http://www.bbc.co.uk/news/business-12780151

a) Why has this tariff been imposed?
b) Is the tariff to the benefit of UK consumers?

Unit 2: Macroeconomic objectives data

Tutor2u have got timetric data on all 4 which should update

http://www.tutor2u.net/blog/index.php/economics/comments/keeping-track-of-uk-macro-objectives/

Unit 2: Continuing rising UK unemployment

As reported by the BBC; Youth unemployment is particularly bad

http://www.bbc.co.uk/news/business-12759753

Unit 2: What ends a recession?

A useful evaluative post from economicshelp; note the evaluation of how likely the reason is to occur

http://econ.economicshelp.org/2011/03/what-causes-recessions-to-end.html

Unit 2: Macro data for Europe

Fantastic resource from the guardian

http://www.guardian.co.uk/world/interactive/2011/mar/14/new-europe-statistics-interactive

Unit 2: Economic growth data

The top graph in this post from economicshelp is great

http://econ.economicshelp.org/2011/03/causes-of-economic-cycles.html

a) Decribe the pattern of economic growth for the time period illustrated

Unit 2: Changes to the "basket of goods"

The latest update of "in" and "out" items is in this BBC article

http://www.bbc.co.uk/news/business-12744400

and from Sky

http://news.sky.com/skynews/Home/Business/The-Basket-Of-Goods-And-Services-To-Calculate-Inflation-Updated-To-Include-Dating-Firm-Fees/Article/201103315952703?f=rss

and tutor2u

http://www.tutor2u.net/blog/index.php/gcse-economics/comments/iphone-in-shoulder-of-pork-out/

a) Why do the ONS have this annual update of the goods and services in the basket?

Unit 2: Unemployment compared across countries

Thanks to tutor2u for this graphic

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-unemployment-rates-for-selected-countries/

a) Using the graph for part of your answer, discuss how much of a problem unemployment is for the UK economy

Unit 2: How important is consumption expenditure for the UK economy?

Thanks to tutor2u, we know the answer is "increasingly so"

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-consumption-as-a-share-of-gdp/

UNit 2: Investment revision

All you need to know from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/as-macro-revision-investment-spending/

Unit 2: Ireland's economic growth and unemployment rate

....is clearly shown in this graphic from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/ireland-mass-unemployment-and-shrinking-gdp/

a) Describe the link between changes in irish GDP and the Irish unemployment rate

Unit 1: Further restrictions on tobacco sales

..this time from proposals to ban displays

http://www.bbc.co.uk/news/health-12680815 article
http://news.sky.com/skynews/Article/201103115948614 article and video

and the case against from the manufacturers

http://www.bbc.co.uk/news/business-12691348

a) To what extent do you believe this measure will reduce the market failure associated with the tobacco market?

Unit 2: Data on long term unemployment

....thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-long-term-unemployment-in-the-uk/

Unit 1: The costs and benefits of a London to Birmingham (and beyond) high speed rail link

A nice look at both sides of the argument from Roger Harrabin at the BBC

http://www.bbc.co.uk/news/science-environment-12613039

Unit 1: Should Brazil build a hydro-electric dam in the amazon region?

A series of BBC articles may help you form an opinion; The first is the oldest and lthe last one listed the most recent

http://news.bbc.co.uk/1/hi/world/americas/8373504.stm
http://news.bbc.co.uk/1/hi/world/americas/8633786.stm
http://www.bbc.co.uk/news/world-latin-america-12295662
http://www.bbc.co.uk/news/world-latin-america-12586170
http://www.bbc.co.uk/news/world-latin-america-12643261

Want to know more about the dam?
http://en.wikipedia.org/wiki/Belo_Monte_Dam
http://amazonwatch.org/work/belo-monte-dam

a) List the private costs and benefits of constructing the dam and
b) the external costs and benefits (ie positive and negative externalities)

Unit 2: China aims for sustainable growth

The BBC reports

http://www.bbc.co.uk/news/12643690

Unit 2: Balance of Trade data

....from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-trade-in-goods-and-services/

http://www.tutor2u.net/blog/index.php/economics/comments/timetric-uk-trade-in-goods-and-services/

Unit 2: Unemployment data

...from tutor2 u on

Duration by gender http://www.tutor2u.net/blog/index.php/economics/comments/timetric-long-term-unemployment-in-the-uk/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:22:33:00Z

By region http://www.tutor2u.net/blog/index.php/economics/comments/timetric-regional-unemployment-in-the-uk/

Unit 2: Fiscal policy in China

The BBC repots a proposed tax cut

http://www.bbc.co.uk/news/business-12618201

a) How is this an example of Fiscal policy?
b) Using ad AD/AS diagram, explain the likely effect on the Chinese economy
c) In what way might the outcome have undesirable consequences?

Unit 2: Monetary policy in Brazil

Brazil raises its main interest rate again says the BBC

http://www.bbc.co.uk/news/business-12630315

a) Using an AD/AS diagram, explain is the state of the Brazilian economy and what this interest rate rise is meant to achieve

Unit 2: Australia holds interest rates

A nice summary of the Australian economy

http://www.bbc.co.uk/news/business-12605302
http://www.bbc.co.uk/news/business-12605475

Unit 2: UK economic growth data

Thanks to economicshelp for this data

http://www.economicshelp.org/blog/economics/data-on-economic-growth-in-uk/

Unit 1: Information failure; various examples from tutor2u

These posts from tutor2u are really informative examples of market failure due to information failure

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-health-warnings-on-cigarette-packets/ cigarettes/smoking

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-tesco-and-second-hand-cars/ second hand cars

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-cowboy-builders/ cowboy builders

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-the-bazaar/ the bazaar

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-coca-cola-the-get-fat-diet/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:19:14:00Z Coca Cola

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-going-under-the-knife/ surgery

http://www.tutor2u.net/blog/index.php/economics/comments/information-failure-the-uk-illicit-drug-market/ drugs

http://www.tutor2u.net/blog/index.php/economics/comments/information-failures-broadband-market/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:11:51:00Z broadband

Unit 1: The rising demand for mead

The BBC reports a rising demand for mead

http://www.bbc.co.uk/news/uk-12575759

a) How would an economist account for the rising demand for mead?

Unit 2: Causes of the current account deficit

Thanks to economicshelp for this summary

http://www.economicshelp.org/blog/economics/factors-affecting-current-account-deficit/

Unit 2: What creates economic growth in an economy?

A nice summary from economicshelp

http://www.economicshelp.org/blog/economics/factors-affecting-economic-growth/

Unit 2: Graduate internship: A supply side policy?

The graduate internship scheme may be coming to an end, but this clip argues it's been a worthwhile scheme

http://www.bbc.co.uk/news/business-12517355

a) Explain why the government's expenditure on graduate internships a supply side policy
b) What is the likely effect of the scheme on the UK economy?

Unit 1: Market failure from alcohol consumption

A nice summary of the problem and possible solutions from economicshelp

http://www.economicshelp.org/blog/economics/problem-of-cheap-alcohol/

This BBC clip sums up the problem of leaving alcohol to the free martket

http://www.bbc.co.uk/news/health-12523639

Unit 1: Rising textile prices

A nice clip on rising textile prices in the USA

http://www.bbc.co.uk/news/business-12493349

a) Using the first half of the video only, using a S&D diagram, explain why prices of clothes in the USA ar likely to rise

Unit 2: Conflicting macroeconomic objectives

This is a brilliant clip of Mervyn King explaining the rationale for the monetary policy followed by the BoE as a response to questionning from BBC reporter Paul Mason

http://news.bbc.co.uk/1/hi/programmes/newsnight/9399298.stm

Unit 1: The changing high street: Allocative efficiecy in action?

The BBC reports the changing face of the high street

http://www.bbc.co.uk/news/business-12468346

...whilst Sky reports increasing on-line sales

http://news.sky.com/skynews/Home/Business/UK-Shoppers-Spent-51-Billion-Online-In-January-21-More-Than-Last-Year/Article/201102315936126?f=rss


a) In what way does this illustrate the economy becoming more allocatively efficient in its use of scarce resources?

Unit 2: UK inflation; expected or unexpected?

The first 90 seconds of this BBC clip should give you an indication of whether the current 4% inflation rate was expected or not

http://www.bbc.co.uk/news/business-12489181

Unit 2: Will higher interest rates reduce the UK inflation rate?

A useful post from economicshelp

http://econ.economicshelp.org/2011/02/will-higher-interest-rates-reduce.html

Unit 1: Positive externalities from mroof tiles!

Thanks to tutor2u for this story

http://www.tutor2u.net/blog/index.php/economics/comments/great-example-of-a-product-with-positive-externalities/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:03:19:00Z

Unit 2: UK inflation hits 4%

This BBC clip oulines why inflation has risen again and also illustrates the effects on people in Norfolk

http://www.bbc.co.uk/news/business-12467817

anforme analyse the figures

http://www.anforme.co.uk/blog/?p=1916

a) What are the costs of rising inflation to individuals?
b) What sort of inflation do you think the UK is experiencing? Explain your answer

Unit 2: Inflation: Historical data

Thanks to economics help for this

http://www.economicshelp.org/blog/economics/history-of-inflation-in-uk/

I particularly like the calculator at the top

Unit 2: ....and if you think our inflation is bad...

... then look at the 5 worst cases ever (thanks to tutor2u for finding this)

http://www.cnbc.com/id/41532451

Unit 2: Worsening UK unemployment

The UK jobs outlook looks worse with things particularly bad for youth unemployment that hits 20%

http://news.sky.com/skynews/Home/Business/Unemployment-And-Claimant-Count-Up-Jobless-Youths-Reach-Record-Level/Article/201102315932388?f=rss Sky - the video looks at the impact on 5 youngsters

http://www.bbc.co.uk/news/business-12482126
http://www.bbc.co.uk/news/business-12485160

I really like this graphic from the Guardian
http://www.guardian.co.uk/news/datablog/2010/nov/17/unemployment-and-employment-statistics-economics

.....and as usual a great summary from anforme

http://www.anforme.co.uk/blog/?p=1922

Unit 2: Unemployment data for Germany and Spain

Thanks to tutor2u for this comparative data

http://www.tutor2u.net/blog/index.php/economics/comments/unemployment-in-germany-and-spain/

Unit 2: Economic growth: China moves to no 2

This BBC page has the details and also the latest list of nations by GDP and GDP per capita

http://www.bbc.co.uk/news/business-12427321

Unit 2: Inflation stats

Thanks to tutor2u for pointing me to this site

http://inflationstats.com/uk/

Unit 2: Macro UK data: January 2011

Tuto2u have this great set of charts

http://www.tutor2u.net/blog/files/UK_Economy_Jan_2011.pptx

Unit 2: Monetary policy: Should the BoE raise interest rates?

This is a great audio clip from Hugh Pym on the dilema facing the MPC

http://news.bbc.co.uk/today/hi/today/newsid_9391000/9391753.stm

a) Summarise the arguments for and against a rate rise

Unit 1: Externalities associated with waste incineration

A great BBC video

http://www.bbc.co.uk/news/12394511

a) What are the positve externalities associated with waste incineration?
b) What are the negative externalities associated with waste incineration?

Unit 1: The impact of subsidies: Solar panels

A nice Newsnight clip

http://news.bbc.co.uk/1/hi/programmes/newsnight/9389854.stm

a) Using a S&D diagram, comment on the likely efect of these subsidies on the market for solar panels

Unit 2: BoP data

Thanks to tutor2u for this

http://www.tutor2u.net/blog/files/Balance_of_Payments_Data.pptx

Unit 2: UK worsening trade gap

Sky reports the worst ever figures

http://news.sky.com/skynews/Home/Business/UK-Trade-Gap-Hits-Record-High-In-December-Figures-From-The-Office-For-National-Statistics-Show/Article/201102215926517?f=rss

Unit 2: Supply side policy re unemployment

Sky news report a boost for apprenticeships

http://news.sky.com/skynews/Home/Business/Apprenticeship-Budget-Is-Being-Increased-In-A-Bid-To-Create-100000-More-Positions-By-2014/Article/201102115924858?f=rss

a) Why would this be catagorised as a supply side policy?
b) If successful, show the effect on the UK economy via an AD/AS diagram

Unit 1: Negative externalities associated with obesity

The ambulance service is revamping its vehicles according to the BBC

http://www.bbc.co.uk/news/health-12353243

a) How does the concept of externalities apply to this clip?

Unit 1: Actions around the world to curb smoking

Thanks to tutor2u for pointing out this BBC article

http://www.bbc.co.uk/news/world-11845158

a) Identify the legislative approaches and taxation approaches used by different countries
b) Why do you think the actions vary so much between countries?

New York intends to go even further!

http://www.bbc.co.uk/news/world-us-canada-12352935

c) Comment on the likely success of this policy

Unit 2: EU, USA and Japan unemployment data

http://www.bbc.co.uk/news/business-12333421

Unit 1: How much of the price of petrol goes in tax?

More than you might think! This BBC clip explains all

http://www.bbc.co.uk/news/business-12250225

a) What effect does the high tax on fuel have on demand for petrol and diesel? Why is this the case?

Unit 2: The UK recovery stalls

Two nice clips from the BBC

http://www.bbc.co.uk/news/business-12275611
http://www.bbc.co.uk/news/uk-12288179

and Ch4

http://www.channel4.com/news/uk-economy-shrinks-by-an-unexpected-0-5-per-cent

and anforme commentary

http://www.anforme.co.uk/blog/?p=1856

a) Why has the recovery faltered?
b) Using the AD formula, explain how the government expects the UK economy to grow
c) Why are 20% of last summer's graduates still without work?

Unit 2: Relative price changes

Thanks to tutor2u for this graph showing relative price changes

http://www.tutor2u.net/blog/index.php/economics/comments/changes-in-real-prices/

a) Describe the relative price changes over the time period
b) Sugggest reasons for the relative price changes

Unit 1: Price elasticity of demand in action: Car park pricing

The BBC reports a nasty shock for some consumers

http://www.bbc.co.uk/news/uk-12258329

a) Why are rail car parks able to increase prices so significantly for commuters?
b) Would they be able to do the same thing next year? Explain your reasoning

Unit 2: Who really suffers when the inflation rate rises?

Paul Lewis on the BBC explains

http://www.bbc.co.uk/news/business-12239663

A nice clip of the latest state of the Chinese economy

http://www.bbc.co.uk/news/business-12238997

a) Using the AD formula, explain why the Chinese economy is growing
b) Using an AD/AS diagram, explain why China may be experiencing their rising inflation rate

Unit 2: Why is UK inflation so high?

A fascinating clip from the BBC Daily politics programme about why UK infaltion is comparatively high and whether interst rates should rise

http://www.bbc.co.uk/news/uk-politics-12217592

and Ch4

http://www.channel4.com/news/inflation-rises-to-3-7

a) Why is the UK inflation rate so high?
b) What sort of inflation is the UK therfore experiecing?
c) Draw an AS/AD diagram to show how this inflation occurs
d) Comment on the extent to which increasing interest rates would decrease the UK inflation rate

Unit 1: Should I take a statin?

In my mid-50's, so should I take a statin? I'm no medical expert and it appears I'm suffering from information failure!

http://www.bbc.co.uk/news/health-12225318

Unit 1: Minimum alcohol pricing

The BBC reports a plan for minimum alcohol pricing

http://www.bbc.co.uk/news/uk-politics-12218188

a) Comment on the likely success of such a policy

Unit 2: Rising costs of production in the uK economy

Sky have this video/article on rising costs

http://news.sky.com/skynews/Home/UK-News/Fuel-Price-Rises-Will-Lead-To-Job-Cuts-Small-Businesses-Say/Article/201101415905024?f=rss

a) Using an AD/AS diagram, explain the effect of these rising costs on the UK economy

Unit 2: Latest dire unemployment figures

From Sky comes these clips with the latest unemployment figures, including the dire youth unemployment numbers

http://news.sky.com/skynews/Home/Business/Unemployment-Number-of-Jobless-Rose-To-25-Million-In-The-Three-Months-To-November/Article/201101315898749?f=rss

http://news.sky.com/skynews/Home/Politics/Youth-Unemployment-A-Ticking-Timebomb-Chris-Grayling-Says-As-He-Unveils-Work-Experience-Scheme/Article/201101415909448?lpos=Politics_First_UK_News_Article_Teaser_Region_1&lid=ARTICLE_15909448_Youth_Unemployment_A_Ticking_Timebomb,_Chris_Grayling_Says_As_He_Unveils_Work_Experience_Scheme

From the BBC

http://www.bbc.co.uk/news/uk-12232973

Some personal stories

http://www.bbc.co.uk/news/business-12226193

A good analysis from anforme

http://www.anforme.co.uk/blog/?p=1837



and a good graphic showing the rising proportion of long term unemployed





a) To what extent is unemployment a problem for the UK economy?

Unit 1: Allocative efficiency in action: The changing face of the highstreet

http://news.sky.com/skynews/Home/Business/The-Changing-Face-Of-The-High-Street-Less-Banks-More-Betting-Shops/Article/201101315901136?f=rss

a) Using the definition of allocative efficiency, explain how the concept can be applied to the changing face of the high street

Unit 2: macroeconomic data

The BBC economy tracker for up to date macro data

http://www.bbc.co.uk/news/10613201

Unit 2: Inflation data and analysis for Dec 2010

Up to date inflation data from the BBC and an analysis of the Dec 2010 figures

http://www.bbc.co.uk/news/business-12214546
http://www.bbc.co.uk/news/uk-12214003 video

Unit 2: What should the BoE do with interest rates?

Economics help looks at both sides of the argument

http://econ.economicshelp.org/2011/01/difficult-choices-for-monetary-policy.html

Unit 2: The costs of unemployment

If you want some figures as to hoe rising unemployment effect government finances, this BBC article is useful

http://www.bbc.co.uk/news/uk-politics-12174193

Unit 2: The impact of spending cuts and tax rises on Hastings

An interesting clip from the BBC

http://www.bbc.co.uk/news/uk-politics-12160901

a) Discuss the likely effect on the economy of Hastings of the changes it will face in 2011

Unit 1: Information failure leading to too much smoking

It can't be the case, can it? surely everybody knows smoking long term is bad for your health.........but did you know this?

http://www.bbc.co.uk/news/health-12193602

Unit 2: Which measure of inflation should be used?

A great post from economicshelp

http://econ.economicshelp.org/2011/01/which-inflation-measure-should-we-use.html

Unit 2: Unemployment at Burton's biscuits

The Guardian reports the closure of the Jammie dodgers/Waggon Wheels factory

http://www.guardian.co.uk/business/2011/jan/12/burtons-biscuit-factory-close-jammie-dodgers

a) What type of unemployment will this represent?

Unit 2: Macroeconomic data for the whole world

....in graphical and map form for all coutries of the world! Thanks to tutor2u for this awesome interactive resource

http://www.sacmeq.org/statplanet/StatPlanet.html

Unit 1: The demand for new cars

A nice summary with great data graphs from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/economics-qa-what-economic-factors-affect-the-demand-for-new-cars/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:08:31:00Z