Thanks to the BBC https://www.bbc.co.uk/news/technology-67163680 and tutor2u https://www.tutor2u.net/economics/blog/meet-digit-amazons-customer-fulfilment-robot?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_79bd7fbbc998fa26afe1f8b48d14dab4&utm_source=CampMonitor&utm_term=Meet%20Digit%20-%20Amazons%20Customer%20Fulfilment%20Robot
Saturday, October 21, 2023
Friday, October 20, 2023
Monday, October 09, 2023
Sunday, October 08, 2023
Monday, September 25, 2023
Tuesday, September 12, 2023
Thursday, September 07, 2023
Wednesday, August 16, 2023
Friday, August 04, 2023
Changes in alcohol taxes
A move towards internalising the externality? https://www.youtube.com/watch?v=sT8_ussBvs8 and https://www.bbc.co.uk/news/business-66361232
Monday, July 24, 2023
Factors of production substitution
https://www.tutor2u.net/economics/blog/capital-labour-substitution-vending-machines-pouring-pints-for-the-masses?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_93769b21bd418819101cb72bcd04e8a1&utm_source=CampMonitor&utm_term=Capital%20Labour%20Substitution%20-%20vending%20machines%20pouring%20pints%20for%20the%20masses and https://www.theguardian.com/business/2023/jul/22/end-of-the-bartender-the-uk-vending-machines-pouring-pints-for-the-masses
Friday, July 14, 2023
Thursday, May 04, 2023
Australia bans vape sales
Drastic action, but is it the right response? https://www.youtube.com/watch?v=kgnIXMIX5xI&t=37s
Saturday, April 15, 2023
Shoe leather inflation costs
Thanks to the BBC for this example https://www.bbc.co.uk/news/business-65091499
Friday, March 31, 2023
Tuesday, March 28, 2023
Sunday, March 26, 2023
Thursday, March 23, 2023
Thursday, March 16, 2023
The Economically Inactive
Nice data in this from the BBC https://www.bbc.co.uk/news/business-52660591
How much money is the UK government borrowing, and does it matter?
Jan 2023 data in here from the BBC https://www.bbc.co.uk/news/business-50504151
Government failure? Prohibition in a part of India
Thanks to the Telegraph https://www.youtube.com/watch?v=8oybb_2gmZg&t=5s
Sustainable growth
The first of these ideas might take off https://www.youtube.com/watch?v=V9ODb6YAeFc&t=163s
Wednesday, March 15, 2023
Government borrowing
All you need to know from the BBC https://www.bbc.co.uk/news/business-50504151
PED and the price of car parking
Changes in NI report the BBC https://www.bbc.co.uk/news/uk-northern-ireland-64736959
Who's economically inactive?
Great graphic in this from the BBC https://www.bbc.co.uk/news/business-52660591
Argentina inflation soars past 100% mark
Thanks to the BBC https://www.bbc.co.uk/news/world-latin-america-64960385 and this video https://www.google.com/search?q=Argentina+inflation+soars+past+100%25+mark&rlz=1C1ONGR_en-GBGB981GB981&sxsrf=AJOqlzV7EGyjzyTy75-jEI0OvWMAPQg2WA:1678878508962&source=lnms&tbm=vid&sa=X&ved=2ahUKEwjz95bp5d39AhUTS8AKHcThCeMQ_AUoA3oECAEQBQ&biw=1536&bih=714&dpr=1.25#fpstate=ive&vld=cid:18223b12,vid:Q-fCRTbpSHY
Tuesday, March 14, 2023
Monday, March 13, 2023
Sunday, February 26, 2023
New technology in farming
A reallocation of resources in India https://www.bbc.co.uk/news/av/world-asia-india-64248510
Income inequality in the USA
SCary data at the bottom of the report in this post from tutor2u https://www.tutor2u.net/economics/blog/inequality-incomes-of-richest-1-in-the-usa-surge?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_3d5119880f014c45037e5d1021e311dd&utm_source=CampMonitor&utm_term=Inequality%20-%20Incomes%20of%20richest%201%20in%20the%20USA%20surge
Thursday, February 23, 2023
Tuesday, February 21, 2023
Specoialisation and division of labour
Food preperation at Singapore airlines https://www.youtube.com/watch?v=b7YgXassC3c&t=308s
Monday, February 20, 2023
Sunday, February 19, 2023
Thursday, February 16, 2023
Wednesday, February 15, 2023
Saturday, February 11, 2023
GDP growth flat in Q4 2022
See graph in BBC this article https://www.bbc.co.uk/news/business-64584295
Thursday, February 09, 2023
Inflation: Menu costs
Higher denomination notes in Argentina https://www.bbc.co.uk/news/world-latin-america-64507085
Thursday, February 02, 2023
Log burner fines
To reduce negative externalities and linked to tighter regulations https://www.bbc.co.uk/news/uk-64261624
Wednesday, February 01, 2023
Saturday, January 21, 2023
Unemployment and economically inactive
Great data from the BBC https://www.bbc.co.uk/news/business-52660591 and this re economic inactivity https://www.tutor2u.net/economics/blog/uk-economy-are-there-3-million-hidden-unemployed?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_00124e3b09bc6daab7edd08af3aaf0c8&utm_source=CampMonitor&utm_term=UK%20Economy%20-%20Are%20there%203%20million%20hidden%20unemployed
Thursday, January 19, 2023
Sunday, January 15, 2023
Monday, January 09, 2023
Saturday, January 07, 2023
Gigarette firms to pay for street cleaning
An interesting example of internalising the externality via legislation https://www.bbc.co.uk/news/world-europe-64184451
Thursday, December 29, 2022
New UK coal mine
Therer are private and external costs and benefits from this proposal, now given the go-ahead. Would you expect the social benefits to exceed the social cost? https://www.tutor2u.net/economics/blog/climate-controversy-first-uk-coal-mine-for-30-years-given-the-green-light?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_d165e049a7d39dad416275c2d3b07327&utm_source=CampMonitor&utm_term=Climate%20Controversy%20-%20First%20UK%20Coal%20Mine%20for%2030%20Years%20Given%20the%20Green%20Light
Why inflation may fall in 2023
Use this from tutor2 to draw an AS/AD diagram showing the expected fall in inflation https://www.tutor2u.net/economics/blog/four-reasons-to-expect-falling-inflation-during-2023?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_65660731c0acebb3ca542112cf17517d&utm_source=CampMonitor&utm_term=Four%20Reasons%20to%20Expect%20Falling%20Inflation%20during%202023
Thursday, December 22, 2022
Friday, December 16, 2022
Thursday, December 15, 2022
Tuesday, November 15, 2022
Friday, November 04, 2022
Tuesday, November 01, 2022
Monday, October 31, 2022
Thursday, October 27, 2022
Tuesday, October 25, 2022
Thursday, October 13, 2022
Wednesday, October 05, 2022
Saturday, September 24, 2022
Friday, September 23, 2022
Wednesday, September 14, 2022
Sunday, September 11, 2022
Scotland freezes private sector rents
But what will happen to the supply of rented houses in the longer term? https://www.bbc.co.uk/news/av/uk-scotland-62811943
Thursday, September 08, 2022
Thursday, August 25, 2022
Inflation hits 10%
Thanks to Ch4 for highlighting the issues that will follow https://www.channel4.com/news/uk-inflation-rises-to-highest-rate-in-40-years-as-cost-of-living-crisis-deepens
Saturday, August 20, 2022
Monday, August 08, 2022
Saturday, August 06, 2022
Thursday, July 28, 2022
GDP: Adjusting for PPP explained
THanks to Marginal Revolution https://www.youtube.com/watch?v=WpJbVitlInM
Sunday, July 24, 2022
How streaming videos gives a Danish city hot water
Positive externalities! Thanks to the BBC https://www.bbc.co.uk/news/av/technology-62076634