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.
Toy shortage at Christmas?!
Have toy manufacturers misjudged the amount of sales this Christmas? With the UK still in a recession toy manufacturers could have presumed that Santas budget was much lower this year and therefore produced fewer toys.
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.
read more...»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.
Demand and Supply in action - Champagne affected by the recession
As a luxury good it is probably unsurprising to hear that the sales of champagne have dropped significantly.
Are we becoming a nation of savers?
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.
New GCSEs - G20 Economies
A big element of the new OCR specification is the international economics area. This BBC article looks at each of the G20 countries and discusses what they have been doing to deal with the economics crisis and prevent it happening in the future.
