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Economics in the News : Archive for October2006 The following articles on Economics in the News were published during October 2006 |
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| Despite what you might have read about in the UK newspapers, there are signs of better economic performance from the group of twelve countries known collectively as the Euro Zone (EZ) – a number that is due to rise to thirteen when Slovenia enters the single currency arrangement in January 2007. | |||
| Official data showed that consumer prices in the UK economy rose 2.4 per cent in the year to September, down from 2.5 per cent in August. The dip in inflation was attributed almost entirely to the effects of falling petrol prices which in turn have responded to the declining cost of crude oil in the international petroleum exchanges. | |||
| The first of what will be a quarterly chartroom presentation on developments in the European Union economy. | |||
| The front page of the Times carries a warning today that stocks of cod in the North Sea have now reached dangerously low levels and risk going beyond the point of no return. Scientists are now calling for a total ban on cod fishing in the North Sea. | |||
| 17 October was the United Nations Day for the eradication of poverty and the occasion was used in the UK for the launch of a new campaign to get the British government to devote billions of extra pounds to continue the attack on the scale of child poverty | |||
| A new industry is being born to cater for the needs of the inhabitants of virtual worlds | |||
| The latest UK economy in pictures presentation is available on the web site with 35 charts of the latest macroeconomic trends and indicators | |||
| A quarterly update of a series of updated charts on aspects of the phenomenal growth of the Chinese economy. | |||
| OPEC, the oil-producer cartel is reported today as seeking a 1 million barrel per day reduction in output in a bid to bring an end to the falling price of crude. | |||
| It can often be difficult for people brought up in a world of rising prices to really understand what deflation is and what it means for businesses and consumers around the world. How afraid should we be of falling prices? Chris Farrell’s new book offers us some valuable insights into the world of deflation. | |||
| The revised figures for the components of aggregate demand for goods and services in the UK economy are now available. | |||
| Articles on China and patents; the national minimum wage and competition in mail services across the European Union. | |||
| There is a very useful report for students of transport economics in today’s Sunday Times exploring some of the economic costs of a transport network that is under huge pressure and simply cannot cope with the growing demands upon it. | |||
| The 3rd quarter economic review from Deloitte provides some super macroeconomic analysis on the state of the UK economy. | |||
| The Sunday Observer runs a story today about the incredible size of China's foreign currency reserves that have accumulated as a result of the country running huge trade surpluses notably with the United States. | |||
| A new research working paper from the International Monetary Fund (IMF) has cast doubt on the effectiveness of flat-rate tax systems in boosting labour market incentives and raising total tax revenues. | |||
| Office for National Statistics saw UK online consumer purchases rise by 30% during 2005 | |||
| Google, BP, the Guardian and AOL UK were all in the business and economics news this week. Test yourself against thousands of other students and teachers with the very latest weekly edition of The Biz Quiz: | |||
| Carphone Warehouse buys AOL-UK, the tax burden keeps rising and some new speeches from MPC members in the UK. | |||
| The business world always throws up some fascinating facts and figures. Try these | |||
| Last week the Keynes Society was treated to a fascinating lecture and discussion on the “economics of terrorism – thinking like a hedge fund manager” delivered by Dr Frank Schuller, director of the Centre for Science and Society at Trinity College, Oxford. | |||
| The UK economy continues to enjoy favoured nation status for new foreign investment projects according to the latest European Investment Monitor from the management consultants Ernst and Young | |||
| The fast rising demand for insolvency staff is an advance warning of the threat of bankruptcy. | |||
| In today's news round-up. The Nobel Prize for Economics is announced; Google acquires You Tube; Canada is on the brink of recession and Robert Putnam warns of some of the risks from ethnic diversity. | |||
| We tend to think that the era of high and volatile inflation is now all but over. The stagflation of the 1970s and 1980s when the economy suffered a combination of persistently high inflation, slow growth and rising unemployment, have the appearance of a distant age | |||
| A higher minimum wage should benefit the low paid, shouldn't it? | |||
| The 2006 Nobel Prize for Economics is due to be announced today (Monday) and there has been plenty of speculation as to the likely winner (or winners!). | |||
| Plenty of good economics in the papers today - ecological footprints, a decade of exchange rate strength; housing wealth under threat and wheat prices reach a record high | |||
| A selection of economics articles in the news from this week. In our headline article, there was a superb article on neuro-economics in the Times on Saturday. In a feature entitled “Why say no to free money? It's neuro-economics, stupid”, Mark Henderson shows how the brain lets the emotions override common sense when reaching some tough decisions. | |||
| Places are booking up fast for our next teacher event in Manchester on Monday 13 November. Not surprising - given the stunning speaker line-up | |||
| A new report from the Office for National Statistics provides background on the scale of economic migration to the UK, a process that has grown considerably over the last decade, and especially in the last few years following the expansion of the European single market to include another ten states. | |||
| Top Shop, Body Shop and a postman named Roger were all in the business & economics news this week. Were you keeping track? | |||
| Fancy some free gas? Can you take away some spare gas for free – or even better, can we pay you to take away our gas? That was the intriguing scenario being played out in the wholesale gas market yesterday when, for a brief moment, the price of natural gas for immediate delivery actually became negative. | |||
| I have revised a list of recommended web sites for students and teachers of Economics. | |||
| The excellent Internet Economist is a series of tutorials for students wanting to hone their skills in evaluating web-based resources in Economics and optimising their use of the web for research and discussion and other activities. | |||
| A selection of Economics and Business news stories in the press today - from PartyGaming to Tesco | |||
| Oil prices continued to edge lower this week and on Friday Venezuela announced that it will cut oil production by 50,000 barrels a day in a bid to stem the recent fall in crude prices. President Hugo Chavez is reported as saying that an "appropriate" price for oil was $50 to $60 a barrel. | |||
| Tim Harford has written a really thought-provoking article on the economics of trust and the links to the growth and development of different countries. | |||
| Switzerland, Finland and Sweden are the world’s most competitive economies according to The Global Competitiveness Report 2006-2007, released by the World Economic Forum. The UK has slipped to 10th place. | |||
| The Times is running fortnightly economic briefings to coincide with Target Two Point Zero, the competition for sixth-formers run in conjunction with the Bank of England. The challenge for students is to play the role of the Bank’s Monetary Policy Committee and choose the best level for interest rates. Today's edition looks at the link between interest rates and inflation. | |||
| Is the UK economy missing out on the rapid growth and development of export market opportunities in China and India. Many economists believe that we are - and the EU is also proving to be a disappointment judging from the latest trade figures. | |||
| A new piece of economic analysis from the Ernst & Young Item Club argues that the influx of workers into the UK predominantly from eastern European countries may be lifting the economy’s trend rate of growth by up to 0.5% per year. | |||
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| Other essential economics resources: | |||
| econoMAX - the Economics Magazine for AS & A2 Economics | |||
| Economics Exam Technique - Guidance from the Examiners | |||
| The UK Economy in a Nutshell | |||
| The European Economy - New Free Resources | |||
| Economics - Student Discussion Board | |||
| GCSE Economics Revision Notes | |||
| AS & A2 Economics Revision Notes | |||
