Black Wednesday Videos

Most years when I come to teach the economics of fixed versus floating exchange rates I end up spending some time looking around on the BBC web site for an archive video of the night in September 1992 when the UK suspended membership of the exchange rate mechanism.

It is a four minute video that still gets my students going - especially when they see the shadowy figure of David Cameron lurking in the background as Norman Lamont strolls out to announce the pound’s exit from the system and trigger a sudden devaluation of sterling against a host of currencies. Good images too of city dealing floors with very old computers and GTO telephones! But an important landmark as it ushered in an age of free-floating exchange rates for the British economy.

You Tube comes to the rescue now - there are several copies of the same video clip featuring the dulcet tones of Peter Jay.

And this link takes you to a clip from Andrew Marr’s recent series - another excellent resource on Black Wednesday.

Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Revision notes on unemployment [20 May 2012]
Unit 1 Micro: Revision Presentation on Government Intervention [16 May 2012]
Unit 1 Micro: Revision Presentation on the Price Mechanism [16 May 2012]
Improving Evaluation Skills in Economics Exams [16 May 2012]
Unit 4 Macro: African Human Development Report 2012 [15 May 2012]
Unit 1 Micro: Price Volatility in Markets [12 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 2 Macro: Model answer for revision data question [9 May 2012]
Unit 2 Macro: 10 Key Revision Topics for EdExcel [7 May 2012]
Unit 2 Macro: Exchange Rates Glossary [5 May 2012]
Exam Technique for Economics - Weesteps to Evaluation [5 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Unit 3 Micro: Key Diagrams for Business Economics [17 Apr 2012]
Unit 4 Macro: Managing the Global Commons - Limits to GDP [15 Apr 2012]
Unit 4 Macro: Mini Documentary on Financial Instability [15 Apr 2012]
Ukraine Hotel ‘Bandits’? [12 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Football Clubs to Pay for Negative Externalities [11 Apr 2012]
2012 Economics Revision: Ways to Improve your Paper [9 Apr 2012]
Unit 2 Macro: The UK Balance of Payments in 2011 [4 Apr 2012]
Unit 2 Macro: Revision on Interest Rates and the Exchange Rate [3 Apr 2012]
Unit 4 Macro: Floating and Managed Floating Exchange Rates [2 Apr 2012]
Posen on slower growth in the UK compared to the USA [30 Mar 2012]
Unit 4 Macro: Evaluating 3 Years of Quantitative Easing [27 Mar 2012]
Unit 2 Macro: Might Oil Prices Bring another Recession? [4 Mar 2012]
Unit 1 Micro: Highest and Lowest Paid Jobs in the UK [26 Feb 2012]
Unit 4 Macro: King on the UK Economy [15 Feb 2012]
Competitiveness [8 Feb 2012]
Teaching vacancy - Economics & Business Studies, Reed’s School - Cobham, Surrey [19 Jan 2012]
Unit 2 Macro: Look Upwards to Find the next Downturn [15 Jan 2012]
Revision Presentation: Economics Evaluation Skills [10 Jan 2012]
Exam Advice: 10 Ideas for a Better Economics Paper [10 Jan 2012]
Unit 2 Macro: Factors Driving Business Investment [10 Jan 2012]
Unit 4 Macro: Natural Disasters and their Economic Impact [7 Jan 2012]
AS and A2 Economics - 10 Ways to Improve Evaluation [4 Jan 2012]
Unit 1 Micro: Prezi on the Economics of Negative Externalities [2 Jan 2012]
Resources on Keynes and Hayek [27 Dec 2011]
Introduction to Neuroeconomics - Fusing Psychology with Economics [16 Dec 2011]
Rory Sutherland at Zeitgeist [1 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
Stephen King - Great Article on Macroeconomics [22 Nov 2011]
Beyond the Bike - The Value of Money [19 Nov 2011]
LSE Lecture: Daniel Kahneman - Thinking Fast and Slow [15 Nov 2011]
LSE lecture: Darwin economy [13 Nov 2011]
Economics Resources - Week Ended 6 November 2011 [6 Nov 2011]
Futures trading explained in 1 minute [5 Nov 2011]
Is happiness the right measure of social progress? [20 Oct 2011]
Why Is Macroeconomics Such A Mess? [11 Oct 2011]
Fat tax: Denmark [5 Oct 2011]
AS and A2 Macro: Exchange Rates and “Safe Haven” Currencies [2 Oct 2011]
Starter Video: The Slums of Manilla [11 Sep 2011]
50% tax rates - Chuck it George [7 Sep 2011]
NHS spending good, private provision bad? [5 Sep 2011]
Mixing with the Nobel Economists [4 Sep 2011]
Toilet rolls, soap and climate change [1 Sep 2011]
Zondle Game: Currencies of the World [30 Aug 2011]
John Kay on the future of Economics [26 Aug 2011]
Unit 4 Macro: GDP per person since the credit crunch [19 Aug 2011]
Unit 1 Micro: The Price of Football [2 Aug 2011]
7 Reasons why Teachers should Blog [7 Jul 2011]
AS Micro: Fears over a century of hunger [22 Jun 2011]
Shaping the Future - Blanchflower on the UK Economy [7 Jun 2011]
Poor Economics - Esther Duflo at the LSE [3 Jun 2011]
AS Macro: Preparing for Unit 2 (May 2011) [25 May 2011]
AS Macro Key Term: Supply-Side Policies [25 May 2011]
AQA Macro: Remember to revise inflation [25 May 2011]
AQA A2 Economics - European Context [23 May 2011]
A2 Micro: Competition and Efficiency [19 May 2011]
A2 Micro: Innovation and Economic Policies [18 May 2011]
UK Economy Update: What Mervyn Said [11 May 2011]
Review of “Adapt” by Tim Harford [9 May 2011]
Interest Rates Held at 0.5% once again [5 May 2011]
Dominos Pizza turns to Behavioural Economics [5 May 2011]
AS Micro: Rising Global Food Prices [2 May 2011]
Video Clips on the Chinese Economy [1 May 2011]
AS and A2 Macro Revision: Keynesian Economics [28 Apr 2011]
Economics Recommended Reading - Summer 2011 [26 Apr 2011]
AS and A2 Macro Revision: The China Effect [26 Apr 2011]
A2 Macro: Twin Deficits [22 Apr 2011]
AS Micro Revision: Public and Private Goods [21 Apr 2011]
Fantastic short piece on nudges and shoves! [19 Apr 2011]
UK Economy at a Glance April 2011 [17 Apr 2011]
Key AS Micro Terms: Economic Efficiency [16 Apr 2011]
Unit 1 Micro: Information Failure [15 Apr 2011]
Online Economics Revision Help [13 Apr 2011]
Tracking the effects of the recession on GDP [5 Apr 2011]
AS Macro Key Term: Expansionary Monetary Policy [4 Apr 2011]
AS Macro Revision - Key Term Revision Bank [1 Apr 2011]
AS Micro Revision - Key Term Revision Bank [1 Apr 2011]
OCR F585 June 2011: Data Charts [30 Mar 2011]
Pacific Peso Reaches 29 Year High! [30 Mar 2011]
Progress towards low carbon economic growth [18 Mar 2011]
Timetric: Currency movements against the Euro [16 Mar 2011]
EU Economics: How far is the Eurozone away from being an OCA? [12 Mar 2011]
Google Docs - Macroeconomic Performance [1 Mar 2011]
Intense focus on cutting emissions is dumb argues Lomborg [16 Feb 2011]
AS Macro: What next for the pound? [14 Feb 2011]

ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.