Posts from the ‘Economics’ Category

University fees

January 17th, 2014 at 3:01 pm by Mo Tanweer

When analysing the market for education, some good data out today on the effects of tuition fees – could be linked into PED analysis for higher education.

Read the BBC article here.

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Wow Economics Teacher CPD event returns in March and June

January 17th, 2014 at 9:06 am by Jonny Clark

Last week, I was privileged to deliver our first ever Wow Economics events in both Edinburgh and Cardiff. The day-long CPD event had the usual mix of fantastic teacher-designed resources and delegate interaction. We showcased a good selection of our 50+ resources and discussed how they could be used and adapted. We covered a good range of topic matters both in the micro and macro field of economics along-side activities aimed at engaging learners and promoting strong assessment techniques.

The good news is that the same event is coming back for further outings in London, Birmingham, Manchester and Dubai as well as arriving for the first time in Singapore and Belfast. The dates are:

London 12/06/2013

Birmingham 11/06/2013

Manchester 27/06/2014

Dubai 05/03/2014 & 06/03/2014

Singapore 10/03/2014 & 11/03/2014

Belfast 26/07/2014

Some of the fantastic delegate feedback can be found on the Good CPD guide by clicking here.

Bookings for the upcoming events can found here.

Look forward to seeing you in the very near future!

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Monopoly Deadweight Welfare Loss

January 17th, 2014 at 7:38 am by Virang Dal

The monopoly deadweight loss diagram can cause confusion conceptually and diagrammatically for students. This Why…? video aims to clear every up. 

Welcome to Why…? Friday, where I will post a video every Friday covering an area of Economics which extends the brightest students, providing a deeper understanding of a given topic or concept.

This week is the deadweight loss inflicted by a monopoly producer, first of all to understand why we say a social loss is made at all and secondly why, as economists, we call this loss deadweight. To know how to use this in an long essay click here.

There are further extension videos covering all sorts on my channel

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Competition Commission and healthcare

January 16th, 2014 at 11:16 am by Mo Tanweer

Generally speaking, whilst many market failures are bad, some market failures are worse than others. Market failure in the healthcare market can have significant adverse consequences for an economy.

Today, the Competition Commission (CC) has outlined its proposed measures to increase competition in the private healthcare market.

At the heart of these proposals is that freer markets and competition work best.

Read more on the report here.

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Put yourself in the position of a Syrian refugee

January 15th, 2014 at 10:10 am by David Carpenter

This resource from The Guardian could offer students an excellent way of considering the negative social consequences of civil war and internal conflict.

This is an interactive ‘journey’ in the life of a Syrian refugee who has decided to flee the country. At each stage of their journey, you can choose from the relevant options- the first being which route out of the country you decide to take. It is interspersed with more information and latest news about the growing crisis with Syrian refugees as well as video reports. I’m thinking this would make a good piece of extension reading/homework for a class that could then aid discussion the following lesson, or be used as a prompt for some exam questions or part of an essay answer. Click here to visit the site and take this heart-rending journey for yourself.

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​Ed Glaeser at the LSE

January 14th, 2014 at 10:11 pm by Geoff Riley

Ed Glaeser – author of Triumph of the City is giving a LSE public lecture
on Mon 20th January – should be awesome – free & unticketed – details here – hope to see some of you there! Details here

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Unit 1: How to tackle the problem of obesity

January 14th, 2014 at 9:08 pm by Blogger Bryn

Interesting clip from the BBC

http://www.bbc.co.uk/news/health-25720618#

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The Economics of Medicine

January 14th, 2014 at 4:33 pm by Tom White

The pharmaceutical (medicines) industry poses interesting questions for economists.

According to The Economist, a new drug war is looming. (Not the doomed war on drugs which looks finally, thankfully, to be winding down into a broader public health debate). This is the growing market for medicines: patients in rich countries are ageing and those in developing ones are getting richer, living far longer and so suffering from chronic diseases. But as demand for drugs rises, so does concern at their price. A record $1 trillion will be spent globally on medicines in 2014, and “the costs of many new medical products are becoming unsustainable for even the wealthiest countries in the world,” said the head of the World Health Organisation (WHO), recently.

Should drugs be cheap? Most people think so, because of the obvious impact on human health and wellbeing, and because of the numerous positive externalities associated with good health.

Pricing medicines is very difficult. One common model is to use price discrimination. One price for poor countries, and a higher price for richer ones. But this model tends to break down (as price discrimination often does) when markets cannot be effectively separated, with the cheaper medicines stockpiled in poorer countries to be resold in the richer ones. In October 2013, Maine became the first American state to allow drugs purchases from cheaper foreign online pharmacies. The drug makers’ have sued, charging that the policy is illegal.

The drugs companies – a good example of an oligopolistic industry – are testing new pricing models. “The starting point always is, what is the right price for a medicine?” says the chief executive of Roche, a Swiss pharmaceutical giant. “And there is no objective answer…At the end you are discussing, what is the price of life?

Drug development is expensive, slow and chancy, so pharmaceutical firms charge a lot. But if drugs are too pricey, support for patents will collapse. The boss of Pfizer, an American giant, recently laid out the threat: “Unless we’re respected by society, unless we’re seen as good stewards of our resources, then we run the risk of both losing patents and losing the ability to price our medications.” The classic defence of supernormal profit in many industries is that those profits fund R+D, investment and innovation. At the height of the AIDS epidemic, protesters accused drugs companies of putting “profits before people”. The drugs backed down and dropped prices.

There’s much in the article to discuss, such as cost/benefit analysis. In the United States (in contrast to many other rich countries), treatments are chosen with little regard for cost. Britain’s National Institute for Health and Care Excellence (NICE), for example, works to a rough threshold of £20,000-30,000 for each additional year of good health when deciding which treatments should be available on the National Health Service. But in America any mention of cost-effectiveness generates fury. High American prices support research and subsidise lower prices elsewhere. Yet even Americans are starting to question the affordability of some treatments, one of which costs $11,000 a month and extends life by a median of six weeks.

Spending on drugs is a huge part of the health care debate as drugs must compete for new spending with many other health-care needs, including new hospitals, more staff and more surgery. In part because health budgets are small, drugs often already account for a bigger share of health spending in poorer countries than in rich ones. India spends 44% of its total on drugs and China 43%. America and Britain spend 12%.

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YouTube Tutorial Videos – EconplusDal

January 13th, 2014 at 6:00 pm by Virang Dal

Any students struggling with Natural Monopoly? Have a watch
and share this video by a new YouTube Economics tutorial provider to gain full
understanding. 

As an Economics teacher at Bromsgrove School, I have taken
the opportunity to make video tutorials of all key Economics content covered in
AS, A Level (all boards) and IB Economics for the aid of my students and
department at Bromsgrove School and as it turns out, for students worldwide. 

The videos produced have been extremely popular at Bromsgrove, they are used as
starters and plenaries for recap, set to watch for homework (used as a flipped
learning exercise) and also used to understand exam technique in order to score
well in examinations. The significance of rewinding, pausing and fast
forwarding cannot be understated – for students to learn at their own pace is a
notoriously difficult task for teachers to implement in class, technology like
this helps no end. 

My channel is EconplusDal on YouTube where you will find
separate playlists that cover the major key content of AS, A2 and IB
microeconomics. Although there is excellent content by other providers out
there, I try to offer something unique to my students, where exam technique,
Oxbridge extension material and evaluation skills all are videos included in
depth, gaps which haven’t been filled by current YouTube ‘tutors’. 

So next time
you’re on YouTube or if you’re trying to find ways to help a struggling student
– think EconplusDal! Please do like, comment and subscribe and spread the word
to colleagues and other departments. Have a watch and let me know what you
think. One content video will feature every Monday with an extension video to
feature every Friday

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Raghuram Rajan, Central Banker: India’s James Bond?

January 12th, 2014 at 7:15 pm by Bob Hindle

The recent BBC
series on the Fragile Five and Linda
Yueh’s blog
on what
we can expect in 2014 have each brought a sharp focus on how India may fare.

The slowdown in GDP
growth since 2010 abated with a good monsoon boosting agricultural output, and
helping to dampen inflation in the final quarter of 2014, with a growth rate of
4.8%. Wholesale price inflation is
running at 7.52% and interest rates were held this month at 7.75%.

Persistent
allegations of government corruption continue, leading to the success of Arvind
Kaejriwal’s anti-corruption Aam Aadme Party in the recent Delhi assembly elections;
the outcome of this year’s general election is uncertain and foreign capital
flows have begun to fall. Regulations faced
by foreign companies who locate and invest in the country are still seen as
over-zealous- Wal Mart recently pulled the plug on a deal to set up branches in
India, Tesco decided to stay and boost its range of stores after rules on local
sourcing of products were deferred for 5 years.
Infrastructure problems remain. Building
of the Mumbai metro took five years longer than scheduling after a legal
dispute over the location of a key bridge…

With Central
government hampered by a large budget deficit and the cost of the Food Security
Bill that guarantees basic foodstuffs at subsidized prices, the Central Bank
has been charged with using the marginal gains philosophy to boost growth, keep
inflation low and stable, support the banks and to stabilize the value of the
Rupee. 

Enter Raghuram Rajan- a great article here from Forbes India about the challenges he faces in
2014

Former Chief Economist
at the IMF, Mr Rajan is popular with the ladies and may well drink sip dry martinis
as he seeks to save India from economic malaise. In India, he is likened to Rajnikanth, a
tough guy actor from South Indian movies.
He has begun a series of minor tweaks that include measures to support
the banking system. Much like China, India’s banks, though not exclusively
privately owned, sit on a large debt pile, a result of the property boom in the
big cities. In Mumbai even apartments in
the northern suburbs can go for US$600, 000. Middle class India is evident in
Mumbai- sleek shopping malls, car show rooms, and a growing range of local
designers and producers in suburbs such as Bandra, Juhu and Powai illustrate
rising wealth and the globalization of tastes.

New licences have
been issued for private
banks, including one set up to support Indian women; foreign banks have also
been encouraged and can now set up wholly owned subsidiaries, no longer
required to find a local partner. Commercial banks now need to buy fewer government
securities. Steps have also been taken
to encourage Non Resident Indians (NRIs) abroad to deposit more money back in
India banks. Together it is hoped these
changes stabilize the value of the Rupee by balancing any loss in capital
flows.

Rajan says India
won’t need any money from the IMF. In
fact, he told the BBC
in this interview

that India is now a net contributor. 

This CNBC video also provides useful support information

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Unit 1: The effect of anti smoking legislation/taxation on US smoking over 50 years

January 12th, 2014 at 2:25 pm by Blogger Bryn

Great clip showing how effective government intervention can be in reducing market failure

http://www.youtube.com/watch?v=j1cSywnzmpo

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Unit2: Inequity in income and wealth in the USA

January 12th, 2014 at 2:15 pm by Blogger Bryn

Great data in this clip from Aljazeera

http://www.youtube.com/watch?v=G2uefdapfUM

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Business economics: the global car industry

January 12th, 2014 at 10:14 am by Tom White

A great case study in The Economist, ideal for those of you wanting to
link business economics theory to a clearly relevant case study.

If you read the article, you’ll immediately see the links between exam specifications and what’s happening now in the global car market. I’ve picked out a few key points below:

Toyota is on the brink of becoming the first member of the “10m club”. It will swiftly be followed by GM and Volkswagen. There are plenty of reasons why size matters. Besides the obvious economies of scale and the strong bargaining power with suppliers, being big makes it easier, especially with today’s flexible production lines, to offer an ample product range that can exploit every niche. And the biggest car making groups are better able to spread the heavy cost of complying with ever tougher environmental regulation.  High productivity is vital.

Makers of luxurious models with strong brands, such as BMW and Jaguar Land Rover, can do well selling relatively small volumes of cars for handsome profits.

The importance of large scale innovationinvestment and R+D (often said to be an important barrier to entry), VW is investing a whopping €84 billion ($114 billion) over the next five years, with two-thirds going to develop new vehicles and technology (although big doesn’t necessarily mean innovative, of course).

There are ways to compensate for lack of scale. The most obvious is to get big by merging. Deals of the sort that will fully integrate Fiat and Chrysler are one way of getting bigger but the history of car makers attempting full mergers is not a happy one. Though several have been suggested recently, such PSA Peugeot-Citroën with GM Europe, they are hard to pull off.  Another way of bulking up is to stop short of a merger but to build a broad alliance. Alliances are typically complicated and can come unstuck when the benefits to both sides become unclear. A more common way to exploit the advantages of scale without the drawbacks of a full merger or broad alliance is through partnerships to share the costs of specific technology.

The Hyundai-Kia group of South Korea is another maker with prospects of joining the 10m club one day. Being part of a conglomerate that includes a big steelmaker has also helped the group continue to gain critical mass, or minimum efficient scale. The rise of emerging markets is an ongoing theme: many of the big manufacturers are also enjoying continued growth, especially in the world’s largest car market, China. Location decisions are still crucial.

Size also comes with risks. Producing vehicles for every region in every segment means manufacturing a vast array of cars that add cost and complexity without necessarily contributing much profit – a good example of diseconomies of scale. The mass-market SEAT and Skoda brands bulk up VW’s sales but it makes most of its money from flashy Audis and Porsches. However, the game that the biggest car makers are in is to survive for the long term as the stragglers fall by the wayside (here’s what happened to Saab).  Every small SEAT that VW sells at a big discount is a sale denied to a struggling European rival, making it harder for it to stick around to compete: a great example of a clever marketing strategy in complex oligopolistic markets where firms are interdependent.

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Teaching Vacancy – Economics at Dulwich College

January 12th, 2014 at 6:20 am by Jim Riley

Many thanks to the Economics team at Dulwich College who have alerted us to a superb opportunity to join this friendly and talented team! 

TEACHER OF ECONOMICS (1 Year fixed-term)

Application forms available on the College website
or through the TES.

Application forms, accompanied by a covering
letter, should be submitted to:

The Master, Dulwich College, Dulwich Common, London
SE21 7LD
.

Applications may also be sent by email to recruitment@dulwich.org.uk

Closing date for applications: 10am on Monday 20th January 2014 with interviews taking place on Friday 24th January 2014. 

Further details are available from www.dulwich.org.uk/appointments or by contacting 020 8299 9326 / 5183.

Any queries regarding the post please contact Nick Fyfe, (Head of
Economics) fyfen@dulwich.org.uk

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Unit 2: European macro data: Eurostat link

January 11th, 2014 at 9:38 pm by Blogger Bryn

http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/

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Unit 2: Wealth distribution in Scotland

January 11th, 2014 at 9:26 pm by Blogger Bryn

An amazing statistic from BBC Scotland

http://www.bbc.co.uk/news/uk-scotland-25650876#

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Unit 1: Information failure: Tanning injections

January 11th, 2014 at 9:20 pm by Blogger Bryn

Is this a market which suffers from market failure and so requires greater government intervention?

http://www.bbc.co.uk/news/uk-england-25560426#

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Unit 1: Information failure: Added sugar in food

January 11th, 2014 at 9:14 pm by Blogger Bryn

Interesting clip from the BBC

http://www.bbc.co.uk/news/health-25673751#

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Unit 2: Macro date Jan 2014

January 11th, 2014 at 1:47 pm by Blogger Bryn

Thanks to economicshelp

http://www.economicshelp.org/blog/9692/economics/uk-economy-2014/

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Unit 2: Evaluation of unemployment: By ethnicirty

January 11th, 2014 at 1:44 pm by Blogger Bryn

Fantastic interactive resource from the Guardian

http://www.theguardian.com/news/datablog/2014/jan/08/rising-unemployment-for-uk-ethnic-minorities-race-whos-affected

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Teaching Vacancy – Head of Economics – King Edward VI School Stratford-upon-Avon

January 10th, 2014 at 8:46 am by Jim Riley

Another superb Economics teaching opportunity here – HOD Economics from Sept 2014.  Many thanks to the dept at KES for letting us know about it. Please mention tutor2u as the source if you apply for this one!

Head of Economics Job Des & Person Spec 

HM Letter to Head of Economics Candidate

Economics_Department_Details.pdf

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Teaching Vacancy – Head of Economics and Business Studies – The Blue Coat School (Liverpool)

January 10th, 2014 at 8:12 am by Jim Riley

A HOD opportunity to teach Economics and Business Studies at The Blue Coat School in Liverpool. All the details below. Please mention that you saw this opportunity on the tutor2u website if you apply!

Head of Economics and Business Studies

The Blue Coat School, Liverpool

Salary Level: MPS/UPS TLR2.3

The school is looking to appoint a Head of Economics and Business Studies and applications are sought from enthusiastic, dedicated and well-qualified teachers to lead a highly successful department.

The successful candidate will be a good honours graduate, preferably with a degree is Economics and will have a proven track record of good teaching and leadership qualities together with the drive, energy and administrative skills to run a successful department.

Closing Date for Applications: Monday 27 January 2014

Interview Date: Tuesday 4 February 2014

Contact name for applications: Andy Lowe (email: andy.lowe@hays.com)

Contact telephone for further information: 07713 389303

http://www.hays.co.uk/jobs/bluecoat

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The recovery is well grounded – except in France

January 9th, 2014 at 6:00 pm by Paul Ormerod

The
coming year looks like it will be a good one.
At the start of each of the past five years, the economic scales have
been tilted down, and the challenge has been to look for factors which might
have tipped them back up. This year, the
balance is reversed. The onus lies with
the pessimists to prove their case. Not
that there are any shortages on this score.
For example, King Canute of Twickenham, aka Vince Cable, has solemnly
commanded that house prices must stop rising, for fear of a new bubble.

The most pervasive negative myth, for it is indeed a myth, is
that the current recovery is driven by consumer spending. Spending which is fuelled by more debt and
lower savings, and is therefore not sustainable. This is simply untrue. In most Western economies, overall output,
stopped falling at some point during 2009.
Since then, the percentage increase in GDP has been more than that of
consumer spending.

The latest official data relates to the third quarter of
2013. From the trough of the recession
in 2009, GDP in American has grown by 10 per cent, and consumer spending by 8.9
per cent. In the UK, the figures are 5.2
and 3.5 per cent respectively. The same
point applies to the main Eurozone economies.
In Germany, output has risen 9.9 per cent and personal consumption is up
by 4.8 per cent. In France the figures
are 4.1 and 2.4 per cent.

The main driver of the recovery has been corporate
investment. In the US, it has risen by
30 per cent since 2009 and in the UK by 19 per cent. The increase is only 12 per cent in Germany,
but here there has also been a big rise in net exports.

It is France which is the basket case. And it is public spending which is their
problem. In the national accounts, there
is a category: ‘public sector consumption’.
Basically, this is the cost of employing public sector workers, their
salaries, pension contributions and so on.
In America, spending on public
sector consumption has actually fallen by 5 per cent since 2009. Over half a million net jobs have been cut
from the public payroll. Yet total GDP
has expanded by 10 per cent. In Britain,
despite the rhetoric of cuts, public consumption has risen slightly, by 2.5 per
cent, half the speed of the increase in GDP.

In France, public spending growth has outstripped GDP growth,
rising by 5.3 per cent since 2009.
Corporate investment has grown slightly faster, by 7.4 per cent compared
to the 4.1 per cent figure for GDP. So
since 2009, out of these four big economies, France has had the lowest GDP
growth, the lowest growth in personal consumption, the lowest growth in
corporate investment, and the highest growth in public spending.

Ed Miliband last year said President Hollande is ‘leading the
debate in Europe to find that different way forward’. One of the safest predictions for 2014 is
that he won’t be repeating the praise!

Paul
Ormerod is an economist at Volterra Partners LLP, a director of the think-tank Synthesis and author of Why Most Things Fail: Evolution, Extinction
and Economics

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Unit 3 Micro: Crystal Cannon Quiz on Market Structures

January 8th, 2014 at 8:27 pm by Geoff Riley

Here are 12 questions (type the answer) on aspects of market structures for unit 3 economics


zondle – games to support learning
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Unit 2: Pollution in China: A cost of economic growth

January 7th, 2014 at 9:48 pm by Blogger Bryn

Thanks to Aljazeera for this

http://www.youtube.com/watch?v=ZLmL1vhOZss

and this

http://www.youtube.com/watch?v=rog0Kk8DjDw

…..and the BBC

http://www.bbc.co.uk/news/world-asia-china-25643193#

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Unit 1 Budget deficits; the current position

January 7th, 2014 at 9:32 pm by Blogger Bryn

Nice clip from the BBC

http://www.bbc.co.uk/news/business-25632131#

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Unit 2: The multiplier effect of Australian mining

January 5th, 2014 at 3:40 pm by Blogger Bryn

As explained in this Aljazeera video

http://www.youtube.com/watch?v=sRlHJqS5Bmw

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Unit 2: The costs of economic growth: Obesity

January 5th, 2014 at 3:38 pm by Blogger Bryn

As reported by Aljazeera

http://www.youtube.com/watch?v=7YpFk9nwGAk

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Unit 1: Capturing cow’s burps and the resulting positive externalities

January 5th, 2014 at 3:26 pm by Blogger Bryn

Not your usual story, but if this process is adopted widely, there won’t only be private benefits to the farmers (ie nearly free energy), but also a positive externality as the rest of society will benefit from lower global warming

http://www.bbc.co.uk/news/science-environment-25264045#

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Unit 1: Information failure: How much sugar in a bottle of coke?

January 5th, 2014 at 3:24 pm by Blogger Bryn

Do you know how may calories you consume when you drink a Coke? This Newsnight clip may be illuminating if you have no idea

http://www.youtube.com/watch?v=ugFock3p2xE

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Unit 1: Legal highs: The difficulty of enforcing legislation/regulation

January 4th, 2014 at 2:43 pm by Blogger Bryn

The problem is shown clearly by Aljazeera

http://link.brightcove.com/services/player/bcpid1659202292001?bckey=AQ~~,AAAAmtVJIFk~,TVGOQ5ZTwJbsT0Mq3k9H8GCa4jV3vL4M&bctid=3008780245001

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Unit 1: Mining: A capital intensive industry

January 4th, 2014 at 12:37 pm by Blogger Bryn

Nice clip from Aljazeera

http://bcove.me/7crh93gv

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Unit 2: Happy Birthday GDP

January 4th, 2014 at 12:13 pm by Blogger Bryn

….reports this BBC video

http://www.bbc.co.uk/news/business-25587089#

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Unit 1: Ireland has more “land” as they find gold!

January 4th, 2014 at 12:00 pm by Blogger Bryn

….reports the BBC

http://www.bbc.co.uk/news/business-25558554#

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Unit 1: New year, new laws/regulations

January 4th, 2014 at 11:51 am by Blogger Bryn

The New Year has seen a raft of new legislation/regulation around the world as reported in the Guardian

http://www.theguardian.com/law/2013/dec/31/new-year-new-rules-changes-2014

Look at the laws introduced in each country and ask yourself
a) Is there a market failure this law is setting out to correct?
b) If so, evaluate the likely success of the legislation in reducing the market failure

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Unit 2: The cost of youth unemployment

January 4th, 2014 at 11:39 am by Blogger Bryn

Sky news has this depressing report from the Prince’s Trust

http://news.sky.com/story/1189394/jobless-youngsters-have-nothing-to-live-for

…and the BBC

http://www.bbc.co.uk/news/uk-scotland-25575182#

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Unit 1: New regulations re food waste recycling in Scotland

January 2nd, 2014 at 11:52 am by Blogger Bryn

….reports the BBC

http://www.bbc.co.uk/news/uk-25566307#

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Unit 1: Allocative efficiency in music distribution

January 2nd, 2014 at 11:33 am by Blogger Bryn

More changes in the way music is produced, reports sky

http://news.sky.com/story/1189076/online-music-streaming-doubles-in-uk-in-2013

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Unit 2: The Tour de France in the UK and the resulting multiplier effect

January 2nd, 2014 at 11:31 am by Blogger Bryn

Who knows how large it will be, but Sky news reports the nice round figure of £100m…..ie they have just picked a random number!

http://news.sky.com/story/1189274/tour-de-france-lending-boost-for-Yorkshire

More from the BBC

http://www.bbc.co.uk/news/business-23260441
http://www.bbc.co.uk/sport/0/cycling/21888502

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Unit 1: Illegal rubbish dumps in Greece

December 31st, 2013 at 5:44 pm by Blogger Bryn

Laws may be easy to pass, but enforcement can prove a problem as this clip from the BBC shows

http://www.bbc.co.uk/news/world-europe-25546443#

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Unit 1: More information from Government on the possible health implications of smoking

December 30th, 2013 at 12:35 pm by Blogger Bryn

…reports the BBC

http://www.bbc.co.uk/news/health-25540658#

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Unit 2: The effect of a rising £

December 27th, 2013 at 9:11 pm by Blogger Bryn

Nicely summarised in this Sky News story

http://news.sky.com/story/1187558/pound-hits-two-year-high-against-dollar

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Unit 1: Action to prevent market failure with payday loans?

December 21st, 2013 at 4:09 pm by Blogger Bryn

That’s the proposal to ban payday loan ads from children’s TV

http://news.sky.com/story/1185126/ban-payday-loan-ads-on-kids-tv-mps-say

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Unit 2: The Sirius scheme: A supply side policy

December 18th, 2013 at 9:22 pm by Blogger Bryn

A small scale supply side policy reported by sky

http://news.sky.com/story/1182890/young-entrepreneurs-set-up-shop-in-Britain

and a BBC audio on the same story

http://www.bbc.co.uk/news/business-25397373#

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Unit 2: Why is saving high and consumtion low in China?

December 15th, 2013 at 9:31 pm by Blogger Bryn

A nice clip with the answers from the BBC

http://www.bbc.co.uk/news/business-25309669#

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Unit 1: Should e-cigarettes be more closely regulated?

December 15th, 2013 at 9:18 pm by Blogger Bryn

Some believe they should

http://www.bbc.co.uk/news/uk-wales-25354050#

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UNit 2: Should low inflation be the primary macro objective?

December 15th, 2013 at 4:21 pm by Blogger Bryn

A nice evaluative post from economicshelp

http://www.economicshelp.org/blog/9591/unemployment/low-inflation-objective/

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Unit 2: What are the effects of a decrease in interest rates?

December 15th, 2013 at 4:20 pm by Blogger Bryn

A nice evaluative post from economicshelp

http://www.economicshelp.org/blog/3417/interest-rates/effect-of-lower-interest-rates/

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Unit 2: Income and spending patterns in the UK

December 15th, 2013 at 4:10 pm by Blogger Bryn

Great data from the ONS via a Guardian article, handy when looking at how weights in CPI/RPI are allocated

http://www.theguardian.com/news/datablog/2013/dec/11/families-spend-489-each-week-on-what

and this interactive one showing changes over time, including, clearly, the effects of the recession

http://www.theguardian.com/news/datablog/interactive/2013/dec/11/family-spending-interactive-how-has-it-changed

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Unit 1: Information failure in the fruit and veg market

December 15th, 2013 at 4:02 pm by Blogger Bryn

An amazing story from Tesco. When I read it, I wondered if it was April Fools day!

http://news.sky.com/story/1180717/tesco-blames-customers-for-fruit-and-veg-waste

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