Here's this week's Economics News Quiz. 6 multi-choice questions based upon the world of Economics. Nice 5 minute starter for next week or Bell Work exercise as students arrive at your class.

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This week's Economics News Quiz
20th January 2017

Digital cartels

A superb stretching article at the FT on how technology is creating cartels :Price-setting algorithms mean regulators must now tackle collusion among machines. Algorithms are enabling price collusion without leaving...

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Digital cartels

Here are some notes on environmental nudges given at a talk I attended by two members of the Behavioural Insights team.

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Behavioural Nudges and Environmental Sustainability

Jim O'Neill wins today's award for money-for-old rope with an article that defends globalisation. The only way that this differs from a good student defending the issue, is that by...

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Jim O'Neill defends Globalisation
01:9:31

This is a blog entry mainly for students who are preparing to take a paper on China for their PreU Economics paper. This is a mighty one hour discussion including...

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The End of China's Economic Miracle?
00:1:18

More creative destruction here: Will self-driving trucks replace the need for truck drivers, and what are the implications of this? Automated trucks won't require statutory rest breaks, for example. But...

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Self-Driving Trucks and Creative Destruction

Here’s a fun and not too frivolous resource aimed at provoking discussion and debate about the Brexit negotiation process. It combines the concept behind the popular day-time TV show ...

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Play 'Brexit - Deal or No Deal'!

A bookseller in the Yorkshire Dales was in the headlines last week. He called a customer a “pain in the arse”, and has been the subject of numerous complaints to...

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The Economics of Charging to use a Book Store!
19th January 2017

Is Inequality Set to Decline?

00:4:25

This FT clip looks at the historic factors that have contributed to rising inequality, or at least the perception of rising inequality today, and the subsequent implications of this for...

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Is Inequality Set to Decline?
19th January 2017

The Contestable Gym Market

Many A-Level Business students are looking in depth this year at the UK gym market as part of their exam preparations. Some of Jim's tweeted charts are superb context for...

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The Contestable Gym Market
19th January 2017

Is Free Trade Good or Bad?

We rather take for granted the maxim that free trade is a good thing. This article from the BBC's Andrew Walker might just, at the margin make you think again....

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Is Free Trade Good or Bad?
00:4:46

Nobel Prize-winning economist Amartya Sen is interviewed by Ian King on Sky Business News

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Amartya Sen on Trump, Protectionism and Brexit

"Pursuing protectionism is just like locking oneself in a dark room. While wind and rain may be kept outside, so are light and air. No-one will emerge as a winner...

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Is China now leading the free world?

Rory Sutherland is on fine form here as he draws on his experiences at the Kilkenny Festival of economics and comedy. Story-telling is an insanely important part of the context...

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Why Economists should learn to tell more jokes
00:1:29

The era of the mega-merger is well and truly here: BAT and Reynolds, tobacco giants, have agreed to merge with the former subsuming the latter.

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Mega Merger in the Cigarette Industry

Charlie Lewis, Digital Strategist at Winston-Wolf writes here about how an encounter with Pablo the dancing flamingo taught him all he needs to know about behavioural priming!

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Pablo the Dancing Flamingo and Behavioural Priming

According to The Economist, few things matter more than fixing failed states. Broadly defined, state failure provides “a general explanation for why poor countries are poor”.

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Development: the problem of 'failing states'

With a hard Brexit strategy becoming more likely by the day, this is a rather good summary of the likely effects of leaving the EU customs union from the economics...

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Economics of leaving a Customs Union

Oxfam have updated their list and comparison of the world's super-rich showing that the top 8 wealthiest people own the same wealth as the poorest half of the world's population. You...

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8 billionaires own the same wealth as the poorest half of the world's population - does it matter?

Are zombie firms crowding out investment and holding back productivity growth? This article from the Economist draws on a new research report from the OECD.

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Zombie firms and weak productivity growth

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