Stamp Prices Soaring - What future for letter deliveries?
A year ago, a first-class stamp cost 95p - from April 2024, it will be a staggering £1.35. Little wonder that letter volumes are falling fast - but this in turn increases the unit costs of...
Edexcel Economics Paper 1 - Preparing for the 2024 Paper
In this revision video Geoff provides some advice on structuring answers and getting top marks - we also look at some topical issues ahead of the May 2024 Paper 1. If you have any questions, please...
Sky High Vet Bills - CMA Launches Formal Probe
Big competition policy news! The CMA is launching a formal investigation after an initial review of the UK vets market raised multiple concerns. There are sixteen million pet owners in the UK and...
The annual revision of the consumer bundle used to calculate inflation has come around and this BBC article provides a handy primer as to what's in and what's out. Air fryers and vinyl records in;...
In the News Teaching Activity – how effectively does the 2024 Budget meet the needs of the UK economy? (Mar 2024)
There is lots of media analysis of last week’s 2024 Budget, with many commentators focusing on its likely political impact. However, economists need to consider whether the fiscal changes will...
Externalities and Development: 10 million people in Thailand suffer pollution-related illnesses
This BBC clip looks at the impact of air pollution on the Thai economy, noting that 10 million Thais have sought treatment for pollution-related diseases. The problem is that Thai air quality is...
Development In Focus: Senegal’s Women Rice Farmers
Lots of interesting little contributory factors to economic development in this IFC clip: female participation - and their importance to the labour force, food security and the returns to...
The tutor2u Economics team was blown by the quantity and quality of the entries received to our Autumn 2023 magazine competition. The judges enjoyed the broad range of topics covered by students...
Tutor2u Year 13 Student Competition Winner!
After reading many fabulous entries to the competition in the Autumn 2023 Economics Update Magazine, we are delighted to announce that Natalie Cooper from George Watson's College is the overall...
Economics Weekly Quiz | 08 March 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days. This week is a 'Budget Special'!
Rising obesity rates worldwide, now estimated to affect over one billion people, are driving a surge in healthcare costs. The UK lies 55th highest for men and 87th for women in the world ‘obesity...
The EU Competition authorities have put the boot in as far as Apple is concerned with a massive 1.8 billion euro fine for Apple who have been found guilty of using their AppStore in an...
In the News Teaching Activity – can the Chancellor cut taxes in the upcoming budget? (Mar 2024)
The 2024 Budget is on Wednesday 6th March and there is much talk about whether the Chancellor may find some tax cuts before the General Election. This BBC article looks at some of his possible...
Economics Weekly Quiz | 01 March 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
Tutor2u Year 12 student competition winner!
After reading many fabulous entries to the competition in the Autumn 2023 Economics Update Magazine, we are delighted to announce that Matilda Jones from St Joseph's, Ipswich is the overall Year 12...
In the News Teaching Activity – Rolls Royce’s profits increase after cost-cutting and rise in geopolitical tensions (Feb 2024)
Rolls Royce has seen a sharp increase in its profits after shedding some workers and benefiting from a boost to its revenues.
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...
Supermarkets Battle for Staff
When we teach oligopolies we focus rather more on price stickiness in product markets, having made a number of assumptions about the nature of the market, notably the interdependence of firms in...
Will the UK government introduce a vape tax?
The UK government is set to introduce a new tax on vapes in a bid to curb growing use by teenagers. This follows taxes introduced in Germany and Italy. Will a tax on imported vapes work? What are...
Economic mess deepens in Nigeria
This article looks at the current state of the Nigerian economy - with inflation running at 30%, the naira having depreciated by two-thirds, with the pegging of the naira to the dollar having been...