Great interactive data on budget deficits around the world

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.

Great video on how to use the OECD website

The BBC have created a great short video showing how to use the OECD website. This will be particularly good for the OCR module on global issues.

Bit of fun on a Saturday morning - Youth unemployment

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UK trade deficit worsens - Q&A

This is often a topic that GCSE Economists struggle with. An interesting article on the BBC explains how the UK trade deficit has worsened due to the car scrappage scheme.

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Booming businesses in the recession

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.

How would you spend £38bn?

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.

L, U, W, V or bathtub shaped?

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.

Great data on the global recession

The Guardian has once again produced a great guide to the countries that are still in recession and those that are beating it.

The UK still in recession - some great resources

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.

Is a weak pound good?

As some of you may be discovering it isn’t a great time for UK holiday makers to go on holiday in the USA or Europe. As the value of the pound against both the dollar and the euro has weakened it has meant that it is more expensive to buy goods abroad (remember as a tourist going abroad we are an import because the money goes out of the UK and into the foreign country). Could this weak pound be good for the UK economy as a whole?