Category
Explanations
This BBC clip looks at the rise in economic inactivity in the UK and its implications for the macroeconomy as a whole. It looks at exactly who these people are - students, carers, the retired and...
Economies of Scale at Papa Johns
A lovely short video that deals with production methods, economies of scale and innovation, and so is equally applicable to here. It shows how mechanisation allows Papa Johns to produce its dough...
Economics of Surge Pricing
This economics video looks at surge pricing. Surge pricing, also known as dynamic pricing or demand-responsive pricing, is an economic concept where prices for goods or services increase during...
Why Egyptian cotton is so expensive and mostly faked
Egyptian cotton is highly sought after, and frequently faked. This Business Insider clip looks at why the genuine article, grown in the Nile Delta is so expensive. As per most of these examples,...
Why is macroeconomic forecasting so difficult?
The Bank of England has commissioned a review of their macroeconomic forecasting modelling to be led by Ben Bernanke, an eminent economic historian and former Chairman of the US Federal Reserve....
Impact of higher interest rates on emerging markets
Here is a really interesting clip looking at how higher interest rates in developed countries have adverse implications for emerging markets - higher borrowing costs, the possibility of capital...
In Economics - what is thinking at the margin?
A typically excellent Marginal Revolution University clip looking at one of the most basic economic principles, the marginal principle, which is an essential part of thinking like an economist....
Robert Solow famously said that computers were everywhere, except in the productivity statistics. This Jonty Bloom article for BBC news is well worth a read not least because it quotes Diane Coyle...
UK Economy - Causes and Consequences of Low Investment
The UK has one of the lowest capital investment to GDP ratios among leading high-income countries. Capital investment as a share of GDP was just 17% in 2022. In February 2022, the then Chancellor...
What is Transfer Pricing and why is it a hot economic issue?
We have added to our YouTube channel a short explainer video that looks at transfer pricing. Transfer pricing is controversial because it can be used by transnational corporations to manipulate...
The USA has pivoted towards the green economy, with a particular focus on old manufacturing areas, with a significant expansion of public spending and public support for the green economy and US...
This clip hosted by Jack Harries, looks at the interesting notion of tree planting, and the claim that such action can help offset carbon emissions. It discovers that tree planting does relatively...
Environmental Economics - The Big Problem with Carbon Offsets
Are carbon offsets a good way of tackling the climate crisis? This Bloomberg video argues that far from lowering greenhouse gases, and rejuvenating forests, carbon offsets are a good way of...
60 Second Economics - New Short Form Videos on Taxes
We have added some new short form definition videos - this time focusing on progressive, regressive, flat rate taxes and fiscal drag.
Economics of the Phillips Curve
Will unemployment and inflation and the economics of possible trade-offs between them feature heavily in the 2023 Economics exams?
How loyalty cards influence what we buy
An insight here into an important form of marketing, in this history of supermarket discounts, and customer loyalty, starting with Green Shield stamps and ending with the current strategy of...
Does the UK economy need a steel industry in the UK anymore?
An excellent 12 minute video here on the future for the UK steel industry. It is not clear that the UK any longer has a competitive advantage in steel. But might the UK become the first modern...
Dynamic efficiency in action! Is the future of detergents going to be via enzymes from fermented fruit,? If it is, to what extent will it help overcome the threat of detergent pollution creating...
UK Economy - Does a rising current account deficit matter?
The UK's external trade accounts are looking quite poorly at the moment. The latest forecast is a current account deficit of over £150 billion in 2023 which would be above 6% of the UK's GDP. To...
Externalities - Why Nobody Knows How Much Methane Is Leaking
This Bloomberg clip looks at the notion that natural gas is an environmentally-friendly 'bridge fuel' - however, is this really true?
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