Thursday, January 28, 2016

Economic growth: Initial 2015 figure

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

Sunday, January 24, 2016

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


Wednesday, January 20, 2016

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



Thursday, January 14, 2016

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

Thursday, January 07, 2016

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


Monday, December 28, 2015

Wednesday, December 23, 2015

Saturday, December 05, 2015

The most polluted city in China

So reports the BBC
http://www.bbc.co.uk/news/business-34959848

Legislation: 'Opt-out' organ donation system to start in Wales

So reports the BBC showing Wales leading the way (as ever!)
http://www.bbc.co.uk/news/health-34968491

MP's press for sugar tax

So reports the BBC
http://www.bbc.co.uk/news/world-africa-34963475 and http://www.bbc.co.uk/news/health-34961342

Plastic Bag Charge Cuts Use At Tesco By 78%

For those who argue a financial disincentive isn't a good way to move the market towards a more allocatively efficient use of resources, this story from Sky will be a bit of a blow!
http://news.sky.com/story/1600465/plastic-bag-charge-cuts-use-at-tesco-by-78-percent

How taste and fashion effects demand: VW cars

Thanks to Sky news for these
http://news.sky.com/story/1599796/vw-car-sales-down-20-percent-after-diesel-scandal and
http://news.sky.com/story/1597948/volkswagen-us-sales-slump-by-25-percent-after-scandal

VW and government failure

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/vw-and-government-failure?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20updates&utm_content=Daily%20tutor2u%20Economics%20updates+CID_d26a0979b4a854102c229e64835ab716&utm_source=CampMonitor&utm_term=Blog++VW+and+government+failure

Foreign Direct Investment in the Global Economy

Thanks to tutor2u for this
http://www.tutor2u.net/economics/reference/foreign-direct-investment-in-the-global-economy?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_3e0cd6f66a60727520a735e517a6c2f1&utm_source=CampMonitor&utm_term=Reference++Foreign+Direct+Investment+in+the+Global+Economy

Quantitative methods: Mean, median and mode calculations

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/climate-change-summit-a-chance-for-some-quantitative-methods?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20updates&utm_content=Daily%20tutor2u%20Economics%20updates+CID_887103429158a8f6681a5088f086b039&utm_source=CampMonitor&utm_term=Blog++Climate+Change+Summit+-+a+chance+for+some+Quantitative+Methods

The negative externalities associated with the cocaine trade

Fantastic video from the UK National Crime Agency
https://www.youtube.com/watch?v=Yh3yqg4jTu0

The ever spreading banana plant disease

Thanks to MSN for this
http://www.msn.com/en-gb/foodanddrink/foodnews/banana-production-threatened-across-globe-by-unstoppable-killer-fungus/ar-AAfY4xa?li=AA9SkIr&ocid=iehp

Using S&D diagrams, discuss the likely effect of this disease on banana prices

International Trade data in graphics

Thanks to tutor2u for this data
http://www.tutor2u.net/economics/blog/international-trade-infographics?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_059c3cb9b1b6e5bc00252bb27f6cfd10&utm_source=CampMonitor&utm_term=Blog++International+Trade+Infographics

Contestable Markets: Tyrrells Launches Advertising Campaign

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/contestable-markets-tyrrells-launches-advertising-campaign?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_059c3cb9b1b6e5bc00252bb27f6cfd10&utm_source=CampMonitor&utm_term=Blog++Contestable+Markets+Tyrrells+Launches+Advertising+Campaign

Background on the UK and the European Union

Thanks to tutor2u for this
http://www.tutor2u.net/economics/reference/background-on-the-uk-and-the-european-union?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_059c3cb9b1b6e5bc00252bb27f6cfd10&utm_source=CampMonitor&utm_term=Reference++Background+on+the+UK+and+the+European+Union
and this essay plan on a common tariff could be useful http://www.tutor2u.net/economics/reference/common-external-tariff-analysis-and-evaluation?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_059c3cb9b1b6e5bc00252bb27f6cfd10&utm_source=CampMonitor&utm_term=Reference++Common+External+Tariff+-+Analysis+and+Evaluation

Productive Efficiency: How Amazon gets packages to you

hanks to tutor2u for this clip
http://www.tutor2u.net/economics/blog/productive-efficiency-how-amazon-gets-packages-to-you?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20updates&utm_content=Daily%20tutor2u%20Economics%20updates+CID_277a97dbe27b43afb9574747116b8029&utm_source=CampMonitor&utm_term=Blog%20%20Productive%20Efficiency%20How%20Amazon%20gets%20packages%20to%20you

A gigantic Australian train!

Productive efficiency/economies of scale in action in this BBC clip
http://www.bbc.co.uk/news/world-australia-34971953

Wednesday, November 04, 2015

Regulating the cannabis market

An interesting post from the BBC
http://www.bbc.co.uk/news/world-latin-america-34718278

Amazon and Creative Destruction

Thanks to tutor2u for this
http://beta.tutor2u.net/economics/blog/amazon-and-creative-destruction

Labour market discrimination

Thanks to tutor2u for these examples
http://s3-eu-west-1.amazonaws.com/tutor2u-media/subjects/economics/downloads/Discrimination-in-the-Workplace.pdf?mtime=20151103143215

Privatisation: Pros and cons

Thanks to tutor2u for this
http://s3-eu-west-1.amazonaws.com/tutor2u-media/subjects/economics/downloads/Privatisation-Pros-and-Cons.pdf?mtime=20151103144019

Mergers and aquisitions: Examples

Thanks to tutor2u
http://beta.tutor2u.net/economics/blog/mergers-and-acquisitions-in-the-news

Should the minimum wage be increased?

This, from tutor2u, argues you already get more than the pay from an entry level job
http://beta.tutor2u.net/economics/blog/the-benefits-of-an-entry-level-job-much-more-than-the-wage

The rising cost of watching live football

An interesting take from tutor2u
http://beta.tutor2u.net/economics/blog/rising-football-ticket-prices

Benefits and benefits in kind by income decile

Thanks to economicshelp for this data
http://www.economicshelp.org/blog/14859/economics/benefits-and-benefits-in-kind-by-income-decile/

Income inequality by income decile

Thanks to economicshelp for this data
http://www.economicshelp.org/blog/14853/economics/income-inequality-by-income-decile/

Rising demand for sweet potatoes

Why? tutor2u reports
http://beta.tutor2u.net/economics/blog/surging-demand-for-sweet-potatoes

Sunday, October 18, 2015

Light rail in Addis: A supply side policy

Think of the impact of this on the Ethiopian economy in terms of its effect on the AS/PPF curves

http://www.bbc.co.uk/news/business-34549253

Friday, October 09, 2015

Substitutes for "normal" cigarettes in India

An interesting clip from the BBC covering several aspects of demand theory

http://www.bbc.co.uk/news/business-34485958

International trade data

Want to know the trade pattern of a country? This great source courtesy of tutor2u
https://atlas.media.mit.edu/en/

Friday, October 02, 2015

Cigarette butts; a negative externality

Paris aims to target offenders with fines

http://www.bbc.co.uk/news/world-europe-34422566

The effect of a depreciating Ugandan currency

This BBC report highlights some of the difficulties and the actions open to the Central Bank of Uganda
http://www.bbc.co.uk/news/business-34423847

In car smoking ban

The latest legislation to reduce the market failure associated with the cigarette market

http://www.bbc.co.uk/news/health-34402622