http://www.tutor2u.net/blog/index.php/gcse-economics/ en tutor2u.net Copyright 2012 2012-05-24T08:32:03+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/economy-tracker http://www.tutor2u.net/blog/index.php/gcse-economics/comments/economy-tracker#When:12:27:26Z The BBCs economy tracker has been updated with the latest unemployment figures. This is a great resource to use in the classroom. Click here to go to it. Particularly great for revision, students will be able to see what has happened to unemployment over time and also read about unemployment. MACROECONOMICS TOPICS, Employment & unemployment, 2012-05-16T12:27:26+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-do-interest-rates-work http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-do-interest-rates-work#When:07:00:53Z Here is a great sort video for revision from Business Basic that explains about interest rates. Click here MACROECONOMICS TOPICS, Monetary policy, 2012-05-12T07:00:53+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-north-south-divide http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-north-south-divide#When:07:55:20Z This is a great piece of data to help you look at cost of living and the North/South divide. MACROECONOMICS TOPICS, Price stability and inflation, 2012-05-09T07:55:20+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-basket http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-basket#When:09:32:55Z The constituent parts of the basket that makes up the measure for CPI & RPI inflation is being updated to reflect changes in trends. RESOURCE SERIES, Super Starter Sunday, MACROECONOMICS TOPICS, Price stability and inflation, 2012-03-13T09:32:55+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/happiness http://www.tutor2u.net/blog/index.php/gcse-economics/comments/happiness#When:14:25:57Z The world of work has fundamentally; more part time and flexible working hours. However this is not a change which is making many of us happy, according to the Chartered Institute of Personnel and Development. A report, published today, examines working life in 1952 – and what it is like for workers in this country 60 years later. MACROECONOMICS TOPICS, 2012-02-01T14:25:57+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/figure-of-the-day-unemployment http://www.tutor2u.net/blog/index.php/gcse-economics/comments/figure-of-the-day-unemployment#When:19:57:51Z Just watching the news and I heard a great statistic that you could use with your students this week. For every job vacancy in the UK there are 5.8 unemployed people. Five years ago this figure was 2.8. MACROECONOMICS TOPICS, Employment & unemployment, 2012-01-18T19:57:51+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/should-the-pound-shop-be-renamed http://www.tutor2u.net/blog/index.php/gcse-economics/comments/should-the-pound-shop-be-renamed#When:09:52:52Z MACROECONOMICS TOPICS, Price stability and inflation, 2012-01-17T09:52:52+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/supermarket-price-wars-cause-inflation-fall http://www.tutor2u.net/blog/index.php/gcse-economics/comments/supermarket-price-wars-cause-inflation-fall#When:09:47:30Z Figures released today show that inflation has fallen to 4.2% in December. Many retailers, in particular the supermarkets launched heavy tactics to ensure sales in the run up to Christmas. A supermarket price war broke out after Tesco announced a £500 million price-cutting campaign, Asda guaranteed to be 10% cheaper than its rivals and Sainsbury’s launched its own brand price matching scheme. MACROECONOMICS TOPICS, Price stability and inflation, 2012-01-17T09:47:30+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-grocery-shop-is-getting-cheaper http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-grocery-shop-is-getting-cheaper#When:01:41:35Z A great article here for students to get to grips with what real terms is. Comparing the grocery shop today with what it would have cost in1862 shows that A Victorian shopper would have needed £1,254.17 in real terms to fill their weekly basket with a selected range of food, drink and house-hold items, compared with £93.95 today. MACROECONOMICS TOPICS, Price stability and inflation, 2012-01-08T01:41:35+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-rises-again http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-rises-again#When:08:06:31Z With the news yesterday that unemployment has once again risen there is a huge number of useful articles to use with our students. First of all here is a great short video. MACROECONOMICS TOPICS, Employment & unemployment, 2011-12-15T08:06:31+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/tax-do-you-pay-in-more-than-you-get-back http://www.tutor2u.net/blog/index.php/gcse-economics/comments/tax-do-you-pay-in-more-than-you-get-back#When:10:35:45Z This is a great tax calculator from the BBC. You could make up some fictitious households for your students to compare. A great tool to look at tax and benefits in the UK. There is also a short video to introduce the topic. MACROECONOMICS TOPICS, Fiscal policy, 2011-11-23T10:35:45+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-great-short-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-great-short-video#When:14:46:20Z I showed my class this really good short video on inflation this morning. It is great as a recap or a starter on inflation. Lots of the key points students need to know are in there. MACROECONOMICS TOPICS, Price stability and inflation, 2011-11-15T14:46:20+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-relief-on-dvds http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-relief-on-dvds#When:10:12:06Z The Treasury is scrapping an exemption on VAT for goods valued at less than £15 dispatched from the Channel Islands RESOURCE SERIES, Super Starter Sunday, MICROECONOMICS TOPICS, Competitive markets, MACROECONOMICS TOPICS, Fiscal policy, 2011-11-09T10:12:06+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-interactive-guide http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-interactive-guide#When:12:08:08Z The updated inflation interactive guide is here. Following the announcement earlier today that inflation has jumped to 5.2%. The interactive guide is a great way for students to get an idea of what has been going on with inflation since 2006. MACROECONOMICS TOPICS, Price stability and inflation, 2011-10-18T12:08:08+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-hot-spots http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-hot-spots#When:16:02:00Z Liverpool, Nottingham and Glasgow have found themselves, for the second year running, with the highest level of households where no-one is in work. Liverpool and Glasgow the figures actually fell in the past year from 32.1% and 31.1% to 31.9% and 30.7%. However in Nottingham it increased from 31.3% to 31.6%.   MACROECONOMICS TOPICS, Employment & unemployment, 2011-09-08T16:02:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-graphic-for-a-starter http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-graphic-for-a-starter#When:20:23:01Z As we all start to think about the start of term here is a good graphic that could be used for a starter lesson for getting the students to start thinking about macroeconomics. MACROECONOMICS TOPICS, 2011-08-27T20:23:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-map http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment-map#When:15:11:00Z This unemployment map would make a greater starter for a discussion on consequences of unemployment. It shows a real North-South divide opening up. MACROECONOMICS TOPICS, Employment & unemployment, 2011-07-22T15:11:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/squeeze-on-family-income http://www.tutor2u.net/blog/index.php/gcse-economics/comments/squeeze-on-family-income#When:08:58:00Z Food prices have hit a two year high putting a big strain on family incomes. I have certainly noticed in the past 6 months my weekly food bill is rising almost week by week, even though I am buying the same things! With the price of petrol, insurance and energy also rising alongside wage freezes in some sectors, families are facing a very tough balancing act. MACROECONOMICS TOPICS, Price stability and inflation, 2011-06-08T08:58:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/petrol-pushes-cost-of-owning-a-car-up http://www.tutor2u.net/blog/index.php/gcse-economics/comments/petrol-pushes-cost-of-owning-a-car-up#When:13:17:00Z We have all seen the constantly increasing price of petrol in recent times. So you will not be surprised to hear that the increasing cost of petrol is one of the main factors causing the cost of running a car to jump by 20%. In addition insurance premiums have risen significantly. MACROECONOMICS TOPICS, Price stability and inflation, 2011-06-06T13:17:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-up-again1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-up-again1#When:14:53:01Z Figures released today show that the CPI has risen to 4.5% in April. This is a larger than expected rise. Click here for a great short video. And for those students working on their revision ahead of their exams the BBC have produced a great short article “Inflation explained” MACROECONOMICS TOPICS, Price stability and inflation, 2011-05-17T14:53:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/eurozone-crisis-in-graphics http://www.tutor2u.net/blog/index.php/gcse-economics/comments/eurozone-crisis-in-graphics#When:21:30:00Z Here is a great set of data on the Eurozone crisis from the BBC. Graphs showing the budget deficits, GDP, unemployment and debt in the Eurozone countries and the UK. This is great for setting practice data questions and revision of some key topics. MACROECONOMICS TOPICS, 2011-05-15T21:30:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-how-will-it-affect-you http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-how-will-it-affect-you#When:07:07:00Z Another great interactive guide from the Guardian, this time it looks at how the 2011 budget will affect different people. The guide is packed full of key terms so would be excellent as a revision exercise. MACROECONOMICS TOPICS, Fiscal policy, 2011-03-25T07:07:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-how-much-tax http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-how-much-tax#When:21:25:00Z The Guardian have once again come up trumps with a great interactive guide to how much tax will be raised from the new budget. It would make a great lesson activity, giving the students the grid and the list of taxes and asking them to decide which brings in the most and least money. MACROECONOMICS TOPICS, Fiscal policy, 2011-03-24T21:25:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-government-income-and-expenditure http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-2011-government-income-and-expenditure#When:21:34:00Z Here is a great graphic on the income and expenditure of the government. It would make a great revision exercise for taxation and spending. MACROECONOMICS TOPICS, Fiscal policy, 2011-03-23T21:34:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/iphone-in-shoulder-of-pork-out http://www.tutor2u.net/blog/index.php/gcse-economics/comments/iphone-in-shoulder-of-pork-out#When:17:15:00Z The Office for National Statistics has announced the changes to the basket of goods used to calculate inflation. Smartphones and ‘apps’ along with dating agency fees have gone into the basket. On the outgoing list is shoulder of pork, women’s fleece jackets and hardboard. The ONS collects about 180,000 prices every month for a basket of about 650 goods and services - the most comprehensive survey of its kind in the UK. MACROECONOMICS TOPICS, Price stability and inflation, 2011-03-15T17:15:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video-on-interest-rates http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video-on-interest-rates#When:13:36:00Z Here is a great video on interest rates and why a rise might not be a great idea. It contains lots of great concepts for students to discuss. MACROECONOMICS TOPICS, Monetary policy, 2011-03-08T13:36:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-resources http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-resources#When:20:23:00Z Once again we have seen a rise in the inflation rate. January saw inflation measured by the CPI rise from 3.7% to 4%. The data below would be great for a data description question: MACROECONOMICS TOPICS, Price stability and inflation, 2011-02-15T20:23:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/takeaways-face-a-fat-tax http://www.tutor2u.net/blog/index.php/gcse-economics/comments/takeaways-face-a-fat-tax#When:07:12:00Z Obesity seems to becoming a bigger concern for the government as the number of overweight people in the UK rises and causes knock effects on health and work. The government are now considering placing a ‘fat tax’ on takeaways. Burger bars, kebab houses and fish and chip shops would be forced to pay the £1,000 before being allowed to open their doors to the public. This would also hit High Street fast food giants like McDonald’s, KFC, Burger King, Pizza Hut and Dominos. MACROECONOMICS TOPICS, Government income and expenditure, 2011-02-04T07:12:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/fun-friday-happiness http://www.tutor2u.net/blog/index.php/gcse-economics/comments/fun-friday-happiness#When:07:04:01Z Mervyn King, governor of the Bank of England, has referenced the Ken Dodd 1964 song “Happiness” in his recent speech about the global economy. King said: “When it comes to measuring success, don’t count money count happiness. The advice of Ken Dodd in 1964.” So what is more important to your students? MACROECONOMICS TOPICS, Economic growth, 2011-01-28T07:04:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/delicious-data-shock-contraction-in-uk-economy http://www.tutor2u.net/blog/index.php/gcse-economics/comments/delicious-data-shock-contraction-in-uk-economy#When:11:51:01Z Figures released today showing that the UK economy contracted by 0.5% in the last quarter of 2010 where said to have shocked many economic analysts. The following data would make an excellent question describing data To read more on the shrinking economy click on the following links: Article 1 Article 2 Article 3 MACROECONOMICS TOPICS, Economic growth, 2011-01-25T11:51:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-great-teaching-resource http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-great-teaching-resource#When:21:44:01Z Here is a great set of notes from the BBC Newsbeat for teaching GCSE students about VAT and the recent increase in it. MACROECONOMICS TOPICS, Government income and expenditure, 2011-01-24T21:44:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/petrol-prices-where-does-the-money-go http://www.tutor2u.net/blog/index.php/gcse-economics/comments/petrol-prices-where-does-the-money-go#When:14:44:03Z This is a great short video from Declan Curry on petrol prices and where the money goes. It would make a great starter for indirect taxes. MACROECONOMICS TOPICS, Government income and expenditure, 2011-01-24T14:44:03+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/1-in-5-16-24-year-olds-out-of-work http://www.tutor2u.net/blog/index.php/gcse-economics/comments/1-in-5-16-24-year-olds-out-of-work#When:15:12:01Z As unemployment rises once again new figures reveal that 20.3% of 16 to 24 year olds are out of work. The unemployment rate now stands at 7.9% This is a great short video MACROECONOMICS TOPICS, Employment & unemployment, 2011-01-19T15:12:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/what-do-these-4-items-have-in-common http://www.tutor2u.net/blog/index.php/gcse-economics/comments/what-do-these-4-items-have-in-common#When:14:11:00Z MACROECONOMICS TOPICS, Price stability and inflation, 2011-01-18T14:11:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/burtons-biscuits-regional-unemployment http://www.tutor2u.net/blog/index.php/gcse-economics/comments/burtons-biscuits-regional-unemployment#When:17:22:00Z Burton’s biscuits, the makers of Jammie Dodgers and Wagon Wheels have announced they are to close their factory on the Wirral. This will cause a loss of 342 jobs. They are also making 70 people redundant at their Newport factory. This article would make excellent reading and could be used to ask pupils some exam style questions: MACROECONOMICS TOPICS, Employment & unemployment, 2011-01-12T17:22:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-rise-from-midnight http://www.tutor2u.net/blog/index.php/gcse-economics/comments/vat-rise-from-midnight#When:07:37:00Z There are some great articles and short video’s out there at the moment about the VAT rise from 17.5% to 20% today. These would make excellent resources for teaching and revising the topic of indirect taxes. BBC short video Article 1 Article 2 Article 3 MACROECONOMICS TOPICS, Government income and expenditure, 2011-01-04T07:37:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-the-inflation-rise-will-affect-the-christmas-dinner http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-the-inflation-rise-will-affect-the-christmas-dinner#When:13:03:00Z The November inflation figure has been announced and has risen to 3.3%. This short video explains how the rise in inflation is going to affect your Christmas dinner. MACROECONOMICS TOPICS, Price stability and inflation, 2010-12-14T13:03:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-video-uk-employment-figures http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-video-uk-employment-figures#When:10:01:00Z At this time of year it is great to have one or two video’s up our sleeves. This short video from the BBC is jam packed with economic concepts. John Micklethwait, editor in chief at the Economist, is talking about the UK economy. Perhaps you could get your students to write down all the economic concepts they hear in the video. It could also spark some interesting discussions. Also you could play concept bingo with this, by preparing grids with concepts and when a student hears a concept in the video which they have on their grid they can cross it off. MACROECONOMICS TOPICS, Employment & unemployment, 2010-12-08T10:01:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-changing-high-street http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-changing-high-street#When:14:39:00Z The BBC have conducted some very interesting research on how the recent recession has changed the high street. From the percentage of vacant shops to the change in type of shop filling the high street, the data shows that the recession really has had a large impact. Click here to see the data. MACROECONOMICS TOPICS, Economic growth, 2010-12-06T14:39:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/household-spending-falls http://www.tutor2u.net/blog/index.php/gcse-economics/comments/household-spending-falls#When:11:51:01Z Statistics released this week show that family household spending has fallen for the first time in 10 years. This a clearly an impact of the recession.  According to the survey the average household spent £455 a week last year, down from £471 a week in 2008. MACROECONOMICS TOPICS, Incomes & poverty, 2010-12-01T11:51:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/innocent-smoothies-and-vat http://www.tutor2u.net/blog/index.php/gcse-economics/comments/innocent-smoothies-and-vat#When:12:44:00Z VAT, an indirect tax, is added to most goods, the standard rate of 17.5% is due to rise to 20% from the 4th January 2011. The reduced rate of 5% is for gas and electricity and children’s car seats. There is also a zero rate for most food items, children’s clothes and books, newspapers and magazines. Innocent smoothies have been fighting a legal battle claiming that their 100% fruit smoothies should not be subjected to the standard rate but in fact should have the zero rate. MACROECONOMICS TOPICS, Fiscal policy, 2010-11-23T12:44:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-up-again http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-up-again#When:16:07:01Z The Office for National Statistics has just announced that the CPI has risen to 3.2% from 3.1% the previous month. MACROECONOMICS TOPICS, Price stability and inflation, 2010-11-16T16:07:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/graduate-unemployment-highest-for-20-years http://www.tutor2u.net/blog/index.php/gcse-economics/comments/graduate-unemployment-highest-for-20-years#When:09:03:00Z We have always been told go to university and you have a much better chance of getting a job. Well it would seem that at present this is not true as unemployment among graduates reaches the highest levels since the early 90’s. 8.9% of last years graduates were still unemployed 6 months after graduating. Here is a great short video which could get a discussion going on the problems of high unemployment amongst graduates. and one here from BBC news MACROECONOMICS TOPICS, Employment & unemployment, 2010-11-02T09:03:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/world-statistics-day-uk-data http://www.tutor2u.net/blog/index.php/gcse-economics/comments/world-statistics-day-uk-data#When:12:44:00Z Another great data blog from the Guardian today. As part of World Statistics day the Office for National statistics have put together a spreadsheet on interesting UK data. This would be great for discussing standard of living. MACROECONOMICS TOPICS, Incomes & poverty, 2010-10-20T12:44:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/government-spending-cuts-what-would-you-do http://www.tutor2u.net/blog/index.php/gcse-economics/comments/government-spending-cuts-what-would-you-do#When:11:52:00Z This is a great task for students ahead of tomorrows announcement of spending cuts.A great resource from the Guardian which will hopefully spark some debate with your students. MACROECONOMICS TOPICS, Government income and expenditure, 2010-10-19T11:52:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-video1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-video1#When:16:26:00Z As the inflation figure announced today showed no change at 3.1% this video is great for explaining the reasons behind the higher than desired rate. MACROECONOMICS TOPICS, Price stability and inflation, 2010-10-12T16:26:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-video-uk-economic-growth http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-video-uk-economic-growth#When:13:53:00Z A great video here on UK economic growth, it would make a great starter. There are lots of good ideas and economic concepts contained within. MACROECONOMICS TOPICS, Economic growth, 2010-09-28T13:53:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/who-ate-all-the-pies http://www.tutor2u.net/blog/index.php/gcse-economics/comments/who-ate-all-the-pies#When:16:23:01Z The UK did! According to research conducted by Mintel the sale of pies and pasties increased by £1bn. Mintel’s Vivianne Ihekweazu said: “Consumers returned to the familiar as the economic downturn put a dent in their disposable income, forcing them to reconsider their spending priorities. MACROECONOMICS TOPICS, Economic growth, 2010-09-19T16:23:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-inflation-video#When:07:26:00Z The BBC have produced a great short video on inflation. It would make a greater starter for year 11. MACROECONOMICS TOPICS, Price stability and inflation, 2010-09-15T07:26:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/delicious-data-2-inflation http://www.tutor2u.net/blog/index.php/gcse-economics/comments/delicious-data-2-inflation#When:16:59:00Z Today the August figure for inflation was released. Standing at 3.1% the figure stayed the same from July, however it is still above the government target of 2%. This article is a great read to explain what is going up and what is going down. The data below would be a great homework or class task, getting students to describe the changes in the CPI between 2008 and 2010…. RESOURCE SERIES, Delicious Data, MACROECONOMICS TOPICS, Price stability and inflation, 2010-09-14T16:59:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/north-south-divide-still-exists http://www.tutor2u.net/blog/index.php/gcse-economics/comments/north-south-divide-still-exists#When:15:17:00Z The BBC have done some great research on the north - south divide. The have put all their data together to produce an interactive resource ranking areas of the country on areas like insolvency, business start-ups and skilled workers. Click here for the guide. MACROECONOMICS TOPICS, Economic objectives, 2010-09-09T15:17:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/interest-rates-great-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/interest-rates-great-video#When:15:08:00Z Unsurprisingly the Bank of England today chose to keep interest rates at 0.5%. Even though inflation measured by the CPI is 3.1% and therefore well above the target of 2%. Declan Curry has done a great short video explaining why interest rates matter. MACROECONOMICS TOPICS, Monetary policy, 2010-09-09T15:08:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/global-food-prices-on-the-rise-great-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/global-food-prices-on-the-rise-great-video#When:16:55:00Z Another great video. This one is discussing the rising price of food. A great task to start at the beginning of the school year is to give the pupils a list of food items they can buy in the supermarket asking them to record the price each month. Perhaps ask different groups of pupils to go to different supermarkets and local shops. This would make an interesting task and feeds nicely into the topic of inflation. MACROECONOMICS TOPICS, Price stability and inflation, 2010-09-05T16:55:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video#When:13:32:00Z A good way to get new year 10 Economists thinking about Economics is with a short video, this one would be great. It gives students lots of economic terms to think about. MACROECONOMICS TOPICS, Economic growth, 2010-08-30T13:32:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/new-interactive-guide http://www.tutor2u.net/blog/index.php/gcse-economics/comments/new-interactive-guide#When:17:27:00Z The Guardian have produced another great interactive guide, this time showing how economies across the world are recovering. Click here for the guide. This would be a great start to the international module for OCR. MACROECONOMICS TOPICS, Economic growth, 2010-08-29T17:27:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video-economy-continues-to-grow http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-video-economy-continues-to-grow#When:11:22:00Z As the end of term approaches it is nice to have some short video’s to keep the pupils going. This BBC video about the growth of the economy is great with some really good statistics. It could be the beginning of a mini project using data on the economy. MACROECONOMICS TOPICS, Economic growth, 2010-07-07T11:22:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-inflation http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-inflation#When:20:23:01Z This chart is great to use with groups as you revise inflation. MACROECONOMICS TOPICS, Price stability and inflation, 2010-05-28T20:23:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-revision1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-revision1#When:11:42:01Z As we see inflation above the Bank of England target of 2% again concerns turn to those who will be most affected by it. This article is great for revision to help students understand who loses out due to inflation. MACROECONOMICS TOPICS, Price stability and inflation, 2010-05-26T11:42:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/would-you-be-happy-receiving-chocolate-instead-of-interest http://www.tutor2u.net/blog/index.php/gcse-economics/comments/would-you-be-happy-receiving-chocolate-instead-of-interest#When:14:21:00Z Hotel Chocolate have decided to offer bonds to its most loyal customers. Instead of saving in the bank and getting very little in the way of interest some customers will be offered the opportunity to invest £2,000 upwards in a three year bond. In return investors will receive a free box of chocolates worth £18 every two months. MACROECONOMICS TOPICS, Monetary policy, 2010-05-24T14:21:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/world-cup-economic-data-end-of-term-project http://www.tutor2u.net/blog/index.php/gcse-economics/comments/world-cup-economic-data-end-of-term-project#When:21:20:00Z With the World Cup in South Africa starting on 11th June it is a great opportunity to link in with world economic data. MACROECONOMICS TOPICS, 2010-05-23T21:20:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-revision http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-revision#When:17:27:00Z With the news today that the CPI has risen to a 17 month high of 3.7% it presents a great opportunity to revise inflation. MACROECONOMICS TOPICS, Price stability and inflation, 2010-05-18T17:27:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/taxation-revision http://www.tutor2u.net/blog/index.php/gcse-economics/comments/taxation-revision#When:10:14:01Z With an imminent emergency budget there has been a lot of information in the news about taxation and spending. This BBC article is particularly good for a revision lesson on taxation. MACROECONOMICS TOPICS, Government income and expenditure, 2010-05-13T10:14:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/business-basics-what-is-gdp http://www.tutor2u.net/blog/index.php/gcse-economics/comments/business-basics-what-is-gdp#When:07:04:00Z Working Lunch’s Declan Curry explains just what GDP stands for, and why we should care. MACROECONOMICS TOPICS, Economic growth, Economic objectives, 2010-04-23T07:04:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-macro-revision-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-macro-revision-video#When:19:30:00Z This video makes a great revision tool, there are lots of key economic concepts talked about. Students could be asked to watch the video and jot down as many concepts that are in the video as they can and then they could make a glossary with the definitions. MACROECONOMICS TOPICS, Government income and expenditure, 2010-04-22T19:30:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/wurzels-lead-fight-against-tax-hike-on-strong-cider http://www.tutor2u.net/blog/index.php/gcse-economics/comments/wurzels-lead-fight-against-tax-hike-on-strong-cider#When:21:55:00Z Perhaps this one is more for the teachers reading, do you remember the Wurzels? They had hit singles in 1976 with “I am a cider drinker” and “Combine Harvester”. They are leading the revolt over Alistair Darling’s plans in his budget to place a 10% increase in the tax on strong cider. MACROECONOMICS TOPICS, Government income and expenditure, 2010-03-25T21:55:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-starter-activty http://www.tutor2u.net/blog/index.php/gcse-economics/comments/budget-starter-activty#When:02:50:00Z The Guardian have produced another great interactive guide to the governments finances. It would make a great discussion starter. Also the BBC have a great set of data on the UK economy at present. MACROECONOMICS TOPICS, Government income and expenditure, 2010-03-25T02:50:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/prices-still-rising http://www.tutor2u.net/blog/index.php/gcse-economics/comments/prices-still-rising#When:14:33:00Z Inflation measured by the CPI is currently at 3.5%, outside of the Bank of England’s target window. It is also much higher than many of our European Union counterparts. Have you noticed the prices in the supermarkets rising? MACROECONOMICS TOPICS, Price stability and inflation, 2010-03-03T14:33:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-macro-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-short-macro-video#When:12:27:01Z Sky news have put up this great short video of Darling discussing the recent increase in economic growth. The 47 second clip is packed full economic concepts any of which could spark a discussion. MACROECONOMICS TOPICS, 2010-03-01T12:27:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-interactive-data-from-the-ft http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-interactive-data-from-the-ft#When:19:17:00Z Here is some great interactive data from the FT. The data looks at the CPI, unemployment, trade balance, consumer confidence and manufacturing survey from February 2008 and now. You will have to register if you haven’t already, but it is free to do so. MACROECONOMICS TOPICS, 2010-02-28T19:17:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/fun-fact-friday-whats-hot-and-whats-not-in-the-recession http://www.tutor2u.net/blog/index.php/gcse-economics/comments/fun-fact-friday-whats-hot-and-whats-not-in-the-recession#When:10:17:00Z This weeks fun fact Friday looks at the items in our shopping basket that are up and down in the recession. MACROECONOMICS TOPICS, Economic growth, 2010-02-19T10:17:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/food-prices-on-the-rise-again http://www.tutor2u.net/blog/index.php/gcse-economics/comments/food-prices-on-the-rise-again#When:11:07:00Z This BBC video explains how increases in VAT and food prices are affecting people, in particular those on low incomes. It would make a great starter on VAT (why are some goods exempt?) and also on inflation. MACROECONOMICS TOPICS, Government income and expenditure, 2010-02-08T11:07:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-national-debt-in-3-minutes http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-national-debt-in-3-minutes#When:21:24:00Z This is a great 3 minute video on the UK’s national debt. It would make a great starter for talking about fiscal policy. MACROECONOMICS TOPICS, Government income and expenditure, 2010-02-04T21:24:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-uk-pay-gap-quiz http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-uk-pay-gap-quiz#When:15:55:00Z The BBC reports that the rich-poor divide is wider than 40 years ago (article) They have also produced this great quiz on the UK pay gap. It would make a greater starter activity or lead in to a discussion on the gap between the rich and the poor in the UK. MACROECONOMICS TOPICS, Incomes & poverty, 2010-01-27T15:55:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment http://www.tutor2u.net/blog/index.php/gcse-economics/comments/unemployment#When:09:49:00Z As unemployment dropped this month to 2.46m people concerns remain about the large number of young people who are out of work. Total unemployment stood at 2.46 million for the three months to November, down 7,000 on the figure for the previous three months.This is a great video on youth unemployment. MACROECONOMICS TOPICS, Employment & unemployment, 2010-01-21T09:49:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/have-you-noticed-the-rise-in-vat1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/have-you-noticed-the-rise-in-vat1#When:20:08:00Z As we all know the VAT rate went back up to 17.5% having been at just 15% since December 2008. When I was out shopping earlier in the week I saw a notice in White Stuff saying that they were not going to increase their prices with the VAT rise. This led me to thinking how many other shops are doing the same? MACROECONOMICS TOPICS, Government income and expenditure, 2010-01-08T20:08:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/winners-and-losers-of-the-big-freeze http://www.tutor2u.net/blog/index.php/gcse-economics/comments/winners-and-losers-of-the-big-freeze#When:11:01:00Z Many of us are affected by the snow that has blanketed the UK this week. How has it affected the UK economy? Many businesses are working on a skeleton staff as employees. Some though are finding that they are benefiting from the bad weather. Debenhams has seen a spike in sales of thermal underwear, faux-fur coats and, surprisingly, swimsuits. MACROECONOMICS TOPICS, Economic growth, 2010-01-07T11:01:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/interest-rates-and-exchange-rates-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/interest-rates-and-exchange-rates-video#When:10:42:00Z As the Monetary Policy Committee are due to announce their decision on interest rates the BBC have put this great short video on their website. It explains the effects that the low interest rates are having on imports and exports in the UK. Interest rates are expected to stay low for the rest of this year, great for borrowers but a real problem for savers. MACROECONOMICS TOPICS, Monetary policy, 2010-01-07T10:42:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/pbr-qa http://www.tutor2u.net/blog/index.php/gcse-economics/comments/pbr-qa#When:21:10:00Z Well there is so much about the Pre Budget Report I thought I would add to it with this great Q&A  from the Times. It makes some of the changes much easier to understand for GCSE students. There is also a great little video at the top of the page which would act as a great starter. MACROECONOMICS TOPICS, Government income and expenditure, 2009-12-10T21:10:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-interactive-data-on-budget-deficits-around-the-world http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-interactive-data-on-budget-deficits-around-the-world#When:18:20:00Z The BBC have produced a fantastic visual interactive map of budget deficits across the world between 2007 and 2010. It would make a great starter activity or a main part to a lesson on government budgets. MACROECONOMICS TOPICS, Government income and expenditure, 2009-11-19T18:20:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/bit-of-fun-on-a-saturday-morning-youth-unemployment http://www.tutor2u.net/blog/index.php/gcse-economics/comments/bit-of-fun-on-a-saturday-morning-youth-unemployment#When:11:13:00Z MACROECONOMICS TOPICS, Employment & unemployment, 2009-11-14T11:13:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/booming-businesses-in-the-recession http://www.tutor2u.net/blog/index.php/gcse-economics/comments/booming-businesses-in-the-recession#When:22:08:00Z We have all heard lots about the numerous businesses that have lost out to the recession. We have not heard so much about the businesses that have done well out of falling incomes and increased unemployment. MACROECONOMICS TOPICS, Economic growth, 2009-11-09T22:08:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-would-you-spend-38bn http://www.tutor2u.net/blog/index.php/gcse-economics/comments/how-would-you-spend-38bn#When:09:27:00Z As the amount the government have pumped into the banking system in the UK continues to rise, the Guardian looks at what else this huge sum of money could be spent on. MACROECONOMICS TOPICS, Government income and expenditure, 2009-11-04T09:27:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/l-u-w-v-or-bathtub-shaped http://www.tutor2u.net/blog/index.php/gcse-economics/comments/l-u-w-v-or-bathtub-shaped#When:09:04:00Z No doubt we have all heard the various letters and shapes that have been suggested for the shape of this recession. This article in the Guardian would make a great start to the half term possibly prompting an interesting discussion. MACROECONOMICS TOPICS, Economic growth, 2009-10-31T09:04:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-data-on-the-global-recession http://www.tutor2u.net/blog/index.php/gcse-economics/comments/great-data-on-the-global-recession#When:18:24:00Z The Guardian has once again produced a great guide  to the countries that are still in recession and those that are beating it. MACROECONOMICS TOPICS, Economic growth, 2009-10-24T18:24:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-uk-still-in-recession-some-great-resources http://www.tutor2u.net/blog/index.php/gcse-economics/comments/the-uk-still-in-recession-some-great-resources#When:22:47:00Z As it was announced today that the UK remains in recession with the economy unexpectedly contracting 0.4% between July and September, there are some great resources around for teaching economic growth and GDP. The graph below from the BBC shows this recession and the last. MACROECONOMICS TOPICS, Economic growth, 2009-10-23T22:47:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-interactive-unemployment-data1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-interactive-unemployment-data1#When:11:44:00Z Following the announcement that unemployment is still rising but at a slower rate, the Guardian have produced a great interactive graph with data on both the claimant count and the LFS dating back to 1971. MACROECONOMICS TOPICS, Employment & unemployment, 2009-10-16T11:44:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-video http://www.tutor2u.net/blog/index.php/gcse-economics/comments/inflation-video#When:11:17:00Z Yesterdays announcement that inflation as measured by the CPI had fallen to 1.1% in September and the RPI had dropped to -1.4% further fueled concerns that the UK may not come out of the recession by the end of the year. MACROECONOMICS TOPICS, Price stability and inflation, 2009-10-14T11:17:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/new-charge-faced-by-londons-drivers http://www.tutor2u.net/blog/index.php/gcse-economics/comments/new-charge-faced-by-londons-drivers#When:16:30:00Z The new OCR GCSE specification expects pupils to have an understanding of policies the government could use to help reduce externalities. The mayor of London, Boris Johnson has outlined a plan to make drivers pay for using the busiest roads in the capital. MACROECONOMICS TOPICS, Fiscal policy, 2009-10-12T16:30:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/uk-has-worst-quality-of-life-in-europe-economic-growth-and-living-standards http://www.tutor2u.net/blog/index.php/gcse-economics/comments/uk-has-worst-quality-of-life-in-europe-economic-growth-and-living-standards#When:11:20:00Z I am currently teaching economic growth to my year 11’s and have got used to saying an increase in GDP improves the standard of living in a country. At GCSE this statement is usually enough but this article could get your pupils extra marks for evaluating whether this is actually true. A study has show Britain to have the worst quality of life in Europe despite having an average household income of £35,730 a year, over £10,000 higher than the European average.  This is because British families have to contend with a high cost of living, with fuel, food and alcohol all costing more than the European average. Not only that but we are also working longer hours, having less holiday and dealing with worse weather. Click read more for some GCSE and A level style questions on economic growth and living standards. MACROECONOMICS TOPICS, Economic growth, 2009-10-12T11:20:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/another-solution-to-finding-a-job http://www.tutor2u.net/blog/index.php/gcse-economics/comments/another-solution-to-finding-a-job#When:21:26:00Z An Italian supermarket has come up with an interesting way to help its unemployed customers. Along with buying your groceries you can enter a lottery, where the prize is a job. This video would make a great starter. MACROECONOMICS TOPICS, Employment & unemployment, 2009-10-04T21:26:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/is-keynes-influencing-politics-today http://www.tutor2u.net/blog/index.php/gcse-economics/comments/is-keynes-influencing-politics-today#When:07:22:00Z Next Saturday I am taking some of my students to see Robert Skidelsky talk about John Maynard Keynes at the Cheltenham Literature festival. No doubt it will be a fascinating talk. This video shows Peter Clarke and Robert Skidelsky talking about how they believe Keynes economic philosophy is continuing to influence today’s political scene. It could make an interesting starter looking at how Keynes theories is affecting todays politics. MACROECONOMICS TOPICS, Economic objectives, 2009-10-03T07:22:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/super-starter-sunday-beat-the-teacher1 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/super-starter-sunday-beat-the-teacher1#When:14:35:00Z The savings ratio is expected to rise again when figures are released this week. The graph shows the savings ratio fell as borrowing soared, however as the credit crunch began to bite the ratio rose as we started to save more when consumer confidence fell. MACROECONOMICS TOPICS, Incomes & poverty, 2009-09-27T14:35:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/graduates-face-a-tough-job-market http://www.tutor2u.net/blog/index.php/gcse-economics/comments/graduates-face-a-tough-job-market#When:08:01:00Z Is this what the job market has come to? MACROECONOMICS TOPICS, Employment & unemployment, 2009-09-23T08:01:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/qa-on-spending-cuts http://www.tutor2u.net/blog/index.php/gcse-economics/comments/qa-on-spending-cuts#When:21:51:00Z Talk of cutting government spending seems to be almost a daily occurrence in the national newspapers at the moment. This BBC article makes a good read for students to help them find out more on what might be proposed and why it needs to happen. MACROECONOMICS TOPICS, Fiscal policy, 2009-09-21T21:51:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/does-money-really-make-the-world-go-round http://www.tutor2u.net/blog/index.php/gcse-economics/comments/does-money-really-make-the-world-go-round#When:20:32:00Z This really links well with Innes’ mnemonic today. Innes looked at why GDP is not the best measure of standard of living. So does rising national wealth really make peoples lives better? MACROECONOMICS TOPICS, Economic growth, 2009-09-21T20:32:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-interactive-inflation-data http://www.tutor2u.net/blog/index.php/gcse-economics/comments/more-interactive-inflation-data#When:07:39:00Z The Consumer Price Index for August was announced yesterday as 1.6%, the lowest it has been since January 2005. The RPI gave slightly cheerier news as it rose from -1.4% to -1.3. The Guardian has updated its interactive data on inflation. MACROECONOMICS TOPICS, Price stability and inflation, 2009-09-16T07:39:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/cut-spending-or-raise-taxes http://www.tutor2u.net/blog/index.php/gcse-economics/comments/cut-spending-or-raise-taxes#When:23:04:01Z The government have a lot to think about if they are to prevent what some economists are calling a possible double dip recession. However they must consider the future and the large debts that have already been accumulated. The Labour party see the way forward as maintaining spending and increasing taxes, one idea being the new 50% tax on earnings over £150,000. The Conservatives on the other hand think that the only way ahead is to cut government spending. MACROECONOMICS TOPICS, Fiscal policy, 2009-09-15T23:04:01+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/continuing-concerns-over-neets http://www.tutor2u.net/blog/index.php/gcse-economics/comments/continuing-concerns-over-neets#When:07:32:00Z 16-18 years olds not in education, employment or training, otherwise known as NEETs are continuing to rise in numbers. In Gloucestershire there are now 599 NEETs a rise of 14% on last year. The West Midlands has the largest number of NEETs in the UK. MACROECONOMICS TOPICS, Employment & unemployment, 2009-09-15T07:32:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/where-did-all-the-money-go http://www.tutor2u.net/blog/index.php/gcse-economics/comments/where-did-all-the-money-go#When:12:09:00Z Another fantastic interactive guide, this time from the BBC. Since the markets began to tumble in 2008, governments around the world have spent almost $11 trillion bailing out failing banks and trying to repair the financial system. This interactive guide shows where the money went and what it means for the tax payer. MACROECONOMICS TOPICS, Government income and expenditure, 2009-09-11T12:09:00+00:00 http://www.tutor2u.net/blog/index.php/gcse-economics/comments/economy-set-to-benefit-from-englands-world-cup-qualification http://www.tutor2u.net/blog/index.php/gcse-economics/comments/economy-set-to-benefit-from-englands-world-cup-qualification#When:11:52:00Z Few of us could have missed the fact that this week the England football team qualified for next years World Cup in South Africa with a 5-1 win against Croatia. What you may not realise is that this will benefit the UK economy greatly. According to the British Retail Consortium England’s qualification will benefit the UK economy to the tune of £1bn.  MACROECONOMICS TOPICS, Economic growth, 2009-09-11T11:52:00+00:00