Category
In the News
Economics Weekly Quiz | 08 December 2023
Here's this week's economics news quiz.
Olive Oil Prices Climb due to Summer Shortages
This BBC News clip looks at how a drought in Spain has affected olive harvests, and, by definition, the price of olive oil. It's classic demand and supply material, and there's lots of opportunity...
New push for debt relief to help developing world fund climate action
This Guardian article highlights a notable example of opportunity cost, with the news that developing economies spend twelve times as much servicing their debts as they do tackling climate change.
The UK Economy (Autumn / Winter 2023) Update Quiz
We have created a Kahoot quiz covering the content in our recent UK Economy Update video. This is great way for students to check and test their knowledge and understanding.
Artificial Intelligence and Dynamic Pricing
This article looks at how technology could allow for dynamic pricing, enabling supermarkets to reduce waste and charge the optimal price for their goods. As the piece notes: "dynamic pricing could...
Economics Weekly Quiz | 01 December 2023
Here's this week's economics news quiz.
CMA launches probe into prices of baby formula
The Competition and Markets Authority has been investigating supermarket pricing during the cost of living crisis, specifically with reference to ten categories of good and discovered that three...
Charlie's Bar and the Power of Viral Marketing
Major retailers like Marks and Spencer and John Lewis spend millions on lavish Christmas advertising. But this year, they have been significantly outperformed by an emotionally impactful...
Government Intervention - Australia Bans Imported Disposable Vapes
Australia is banning the import of disposable vapes among a range of measures to tackle a perceived rise in vaping among young people. The other measures include stopping single-use vapes from...
UK interest rates likely to remain high for some time
More smoke signals from the Bank of England regarding the future direction of monetary policy, with the Governor, Andrew Bailey, signalling that there's little immediate prospect of a reduction in...
New Zealand scraps generational smoking ban
New Zealand's much trumpeted policy to introduce a generational smoking ban has been overturned by its new government, not on health grounds but to help pay for tax cuts.
Gender Inequality - Female Executives Under-represented in FTSE350 Firms
There's been little progress in tackling gender inequality in the boardroom according to the latest report, a Pipeline gender parity study. There's some progress in that women now hold over 30% of...
Key Update on the UK Economy - December 2023
Join Geoff for a 20 minute overview of the latest changes in the UK economy. Superb application for students ahead of macro mocks! You can also download the chart deck used in the presentation by...
Economics Weekly Quiz | 24 November 2023
Here's this week's economics news quiz.
UK Economy - Surge in Net Migration into the UK
New data on long-term migration shows that immigration in 2023 was 1.2m people with the vast majority coming from outside the European Union. Many are students and people arriving to work in the UK...
UK Government Raises Minimum Wage by 10%
The UK government has announced a 10 per cent rise in the national living wage to take effect in the Spring of 2024. The pay floor for adult workers will be £11.44 per hour and is likely to...
Is the sugar tax cutting teeth extractions among the young?
The first studies of dental health in children after the introduction of the sugar tax reveal that there's been a decline in the number of teeth being extracted in the under-10s. However, before...
Economics Weekly Quiz | 17 November 2023
Here's this week's economics news quiz.
Government Intervention - Price paid for UK offshore power to rise by 66%
I suspect that this is one of the more unusual examples of a minimum price, or a price floor is you prefer, with the government announcing that it is going to raise the guaranteed price that it...
First Annual Fall in UK House Prices since 2012
The UK housing market has experienced its initial annual decline in prices since 2012.