Economics at the Movies - Monty Python Money Programme Eric Idle Sketch
This classic Monty Python Sketch will bring back fond memories for economics teachers of a certain vintage - but it also has a terrific resonance today - perhaps use it as an introduction to teaching money, banking or exchange rates!
read more...»Top 10 resources on inflation on YouTube
What follows is a list of the ten video clips I use when teaching inflation as a topic.
They are a mixed bunch. Some are useful for class use, others work as pointers to a series of video clips from one producer. What I’ve tried to avoid, however, are links to the teach yourself Economics resources (though obviously they have their place) that are out there.
read more...»Keynes vs Hayek - how to solve an economic crisis
As major economies are buffeted by crisis again, the excellent Keynes vs Hayek debate held at the LSE last month is thrown into ever sharper context. You can hear the 30-minute radio programme made from the debate here on BBC i-player, or download it as a podcast. There is also an article here introducing the opposing arguments, which students could use in September to analyse the changes to the global economic situation - no doubt there are still many twists and turns to come in the next month for them to work with.
AS / A2 Revision - Where Next for the UK Economy?
Students wanting to demonstrate up-to-date understanding of the UK economy should find this streamed revision presentation really useful. It was delivered by Geoff at our AS & A2 Economics workshops in London & Manchester. It provides a comprehensive coverage of recent developments in the UK economy and highlights some potential downsides and upsides as the economy attempts to sustain a recovery during 2010 and 2011. Has the era of macro economic stability been replaced by a new phase of macro economic uncertainty, slower growth and a recovery constrained by debt? Or are there grounds for being more optimistic about the near-term future for the British economy?
Revision Presentation on the UK Economy
Revision Presentation - Monetary Policy for AS Economics
This revised and extended revision presentation on monetary policy is designed for AS students
Launch interactive version of presentation
Download pdf of slide handouts
Printing Money Graphic
There is much in the press this morning about the fact that the Bank of England has asked Alistair Darling if it can begin the process of ‘quantitative easing’ (many refer to it as ‘printing money’). What does this actually mean though? There is an excellent graphic in today’s Times that makes it all a little clearer.
There was also a good blog from the BBC’s Economics editor Stephanie Flanders yesterday on quantitative easing.
Heather Stewart is also on good form this morning with a good Q & A piece in today’s Guardian.
Theories turning upside-down
Normally we would expect an increase in consumer sales to shift AD to the right and so be inflationary, all other things remaining equal. However, yesterday’s forecasts suggested that significant sales last month would be one of the main drivers of a reduction in inflation when figures for CPI and RPI were released – but the reason is the heavy discounting that retailers had to offer in order to gain those increased sales, so that prices actually fell even though the volume of sales rose.
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