In the News
Falling oil prices and disappearing rigs
Graham Watson
7th February 2016
This BBC article puts the impact of low oil prices in a Scottish context, suggesting that the current price levels are such that a number of rigs are going to be shut down in the near future. This, of course, will have a negative multiplier effect and cause structural unemployment, although the decommissioning of rigs will create work for some.
You might also like
Multiplier, Accelerator and Keynesian Economics (Revision Presentation)
Teaching PowerPoints
Paul Ormerod: How sticky is unemployment?
23rd August 2013
Unemployment and hysteresis
10th February 2013
How Big is My Multiplier?
6th September 2012
Mnemonic Monday – Types of Unemployment
9th November 2009
Monetary and Fiscal Policies Revision Quiz
Quizzes & Activities
Determinants of Demand (Revision Presentation)
Teaching PowerPoints
Unemployment in the Labour Market (Revision Presentation)
Teaching PowerPoints