Rock fall was symptom of wider malaise

One year on from the collapse of Northern Rock, the fall out from the financial distress is proving to be much deeper and persistent than most people expected. The Financial Times is running a special series of articles on the Northern Rock twelve months on ... well worth dipping into especially for A2 students wanting to understand more about how the credit crunch has impacted on the UK. Here is Chris Giles from the FT:

“What seemed last September to be a nasty, but limited, financial crisis morphed into a global downturn that has repeatedly buffeted the economy with three interlinked hammer blows: a deep financial crisis in advanced economies on both sides of the Atlantic; a commodity boom squeezing real incomes; and a housing crash in those economies with the most precarious property markets. Britain is also having to deal with an exchange rate tumble as steep as that of 1992, when sterling was unceremoniously ejected from the European exchange rate mechanism.”

More here

Unit 2 Macro: Cyclical and Structural Economic Issues Facing the UK [23 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
Unit 2 Macro: Measuring Inflation in the UK [20 May 2012]
Q&A: What do we need to know about output gaps? [20 May 2012]
Unit 2 Macro: Bank Cuts UK growth Forecast for 2012 [16 May 2012]
Unit 1 Micro: Poverty and Inequality and Market Failure [12 May 2012]
Unit 2 Macro: Revision Notes on Supply-side Policies [10 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: Exchange Rates Glossary [5 May 2012]
Unit 2 Macro: Economic Cycle Glossary [5 May 2012]
Macro Revision: Putting Things in Context [29 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]
Unit 1 Micro: Revision on Maximum Rents in Housing [1 Apr 2012]
Posen on slower growth in the UK compared to the USA [30 Mar 2012]
Unit 2 Macro: Revision on Capital Investment [30 Mar 2012]
Life in the Slow Lane - UK Growth in 2011 Lags the Euro Area [28 Mar 2012]
Unit 4 Macro: Evaluating 3 Years of Quantitative Easing [27 Mar 2012]
Unit 1 Micro: Government launches New Buy Loan Guarantee Scheme [12 Mar 2012]
Unit 2 Macro: Policies to Drive Economic Recovery [9 Mar 2012]
Unit 2 Macro: Might Oil Prices Bring another Recession? [4 Mar 2012]
Martin Wolf on Global Shocks [10 Feb 2012]
Unit 2 Macro: The UK Housing Market in 2011 [26 Dec 2011]
Unit 1 Micro: Empty Housing and Economic Efficiency [15 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
AS Macro: The State of British Business [13 Nov 2011]
UK Macro: Risks of a Double Dip Recession [12 Sep 2011]
Starter Video: The Slums of Manilla [11 Sep 2011]
Unit 2 Macro: Reducing Unemployment after a Recession [11 Jul 2011]
Unit 1 Micro: FirstBuy, Affordability and Effective Demand in Property [10 Jul 2011]
Chinese inward investment in the London property market [12 Jun 2011]
A2 Macro: Consumer Spending [30 May 2011]
AQA Macro: Remember to revise inflation [25 May 2011]
AS Macro Key Term: Economic Recovery [23 May 2011]
AS Macro Key Term: Recession [23 May 2011]
A2 Micro: The Importance of Profit [19 May 2011]
A2 Micro: Moving Away from Profit Max [18 May 2011]
Interest Rates Held at 0.5% once again [5 May 2011]
AS Macro: Extended House Price Deflation? [5 May 2011]
AS Micro: Importance of Elasticity of Supply [23 Apr 2011]
AS Macro Key Term: Double-Dip Recession [8 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 Key Term: Bubble [4 Apr 2011]
AS Macro Key Term: Fiscal Deficit [3 Apr 2011]
OCR F585 June 2011: Data Charts [30 Mar 2011]
Pacific Peso Reaches 29 Year High! [30 Mar 2011]
Timetric: Currency movements against the Euro [16 Mar 2011]
Timetric: Mortgage Lending and Mortgage Rates [14 Mar 2011]
EU Economics: How far is the Eurozone away from being an OCA? [12 Mar 2011]
Ireland - Mass Unemployment and Shrinking GDP [10 Mar 2011]
EU Economics: Germany leads Euro Zone revival [25 Feb 2011]
Combining monetary and fiscal policy to curb inflation in China [16 Feb 2011]
AS Macro: What next for the pound? [14 Feb 2011]
David Smith on Shifting Sands in the Global Economy [8 Feb 2011]
Economics Q&A: Will the rise in VAT harm the UK’s economic performance? [17 Jan 2011]
Economics Q&A: Will the Government spending cuts affect inflation? [3 Jan 2011]
Economics Q&A: Why might Europe’s weaker economies struggle to grow in the next few years? [2 Jan 2011]
EU Economics: EU Economy in Charts Jan 2011 [29 Dec 2010]
Economics at the Movies - Bank Run Scene from A Wonderful Life [30 Oct 2010]
Extend and Enrich with EconoMax [29 Oct 2010]
Beware the return of the Gazunderer [16 Oct 2010]
Currency wars [27 Sep 2010]
Hysteresis in the US Economy [21 Sep 2010]
Housing market and negative equity [31 Aug 2010]
Reasons to fear a jobless recovery [11 Aug 2010]
Consumer sentiment weakens as double dip looms [2 Aug 2010]
Where next for the UK economy? [23 Jul 2010]
China’s housing market - fantastic interactive resource [7 Jun 2010]
Unit 2 Macro: How can supply-side policies help in a recession? [6 Jun 2010]
Housing and the British Economy [5 Jun 2010]
A selection of revision notes on monetary policy [4 Jun 2010]
Paul Krugman at the LSE [2 Jun 2010]
A selection of revision notes on the balance of payments [1 Jun 2010]
AS Macro Revision: Cost Push Inflation [31 May 2010]
AS Macro Revision: Consumer Borrowing [30 May 2010]
Euro Land and Optimal Currency Areas - A Valentine’s Day Massacre [29 May 2010]
Warnings of hysteresis for the EU economy [29 May 2010]
Sterling and the Economic Recovery [29 May 2010]
Sterling and Exports - The Importance of Time Lags [29 May 2010]
AS Macro: Sterling and the UK Economy [29 May 2010]
AS Economics Revision - Oil and Petrol Prices [22 May 2010]
Two examples of government failure [20 May 2010]
UK inflation hits 17-month high [18 May 2010]
The Financial Crisis and Beyond [6 May 2010]
AS / A2 Revision - Where Next for the UK Economy? [2 May 2010]
Business profits and the recession [1 May 2010]
A2 Economics Revision - From Budget surplus to deficit [1 May 2010]
AS Economics Revision - Dissecting the Recession [1 May 2010]
Issues and Prospects for the UK Economy in 2010 [25 Apr 2010]
RES Essay Competition: Preventing Housing Bubbles [12 Apr 2010]
Stephen King on connections between monetary and fiscal policy [7 Apr 2010]
UK Economy Revision: Inflation in the last few years [1 Apr 2010]
Paris punishes the purse strings [12 Mar 2010]
Kaletsky on the benefits of a weak pound [8 Mar 2010]
Currency Market Updates - Lesson Resource Download [4 Mar 2010]
UK CEOs on their recession strategies [23 Feb 2010]

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.