Economics News Shorts (20-27 January 2024)
Each day, we are adding short videos on economics and business in the news. Here are the links for this week:
Business News: Microsoft to cut 10% of jobs in their gaming division
Microsoft is said to be laying off 1,900 workers, or nearly 9% of its gaming division after closing its $69 billion acquisition of "Call of Duty" maker Activision Blizzard. Job losses following...
Why is car insurance becoming so expensive?
The cost of car insurance in the UK is soaring. Average comprehensive cover is now over £560– a third more than the same time in 2022, according to the Association of British Insurers. This short...
Economics Weekly Quiz | 26 January 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
New Brexit Rules Set to Increase UK Food Prices
One of the costs of the UK leaving the EU single market will become glaringly apparent in the weeks and months ahead. New post-Brexit border rules are predicted to push up the cost of importing...
What is Glocalisation?
Although rumours of the death of globalisation are "greatly exaggerated", it seems to be the case that economies have moved away from seeing it as a panacea, and retrenching in the sense that...
Climate Change - Building Resilience with Education and Flood Defence
This World Bank video clip looks at how the organisation has helped make the provision of education more resilient, with schools increasingly designed to withstand extreme weather incidents. This...
In the News Teaching Activity – Apple overtakes Samsung in the global smartphone market (Jan 2024)
For the first time in 12 years, Apple has overtaken Samsung in the race to be top of the global smartphone market potentially increasing Apple’s monopoly power is a market that is already fairly...
Edexcel (A) A Level Economics Synoptic Connections Planner
We've just put the finishing touches to our FREE Synoptic Connections Planners. This resource maps together topics from across the Edexcel specification to help you with your teaching and revision...
tutor2u launch The Outlet
tutor2u has been around for a while now. And some of our resources have reached that point where, having done their duty in the classroom, they've been replaced by newer versions! Not to worry...
In the News Teaching Activity –tracking the UK’s international trade patterns (Jan 2024)
The economists at UK in a Changing Europe have taken a closer look at what has been happening to the UK’s international trade patterns in 2023.
Are tax cuts the best way of stimulating economic growth?
With the news that the Chancellor is contemplating pre-election tax cuts, Will Hutton's Observer piece here looks at whether this is the best way of boosting economic growth.
AQA A-Level Economics - Year 12 Macro Knowledge Organisers
Here is our second pack of knowledge organisers for AQA A level Economics - this time our focus is the content needed for Year 1 Macro
Price Capping - London’s single tube and bus fares to be frozen
The announcement of a price freeze for single fares strikes me as another example of a price cap; if it weren't for the intervention single fares would be higher. But what will its effects be? Yes,...
Economics Weekly Quiz | 19 January 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
Edexcel A-Level Economics - Theme 2 Knowledge Organiser Pack 2
Here is our second knowledge organiser for Theme 2 for Edexcel A-Level Economics (A). It covers AD, AS, macro equilibrium, policy objectives, and the three main categories of macro policy. Pack 2...
Octopus Boss predicts fall in energy prices this spring
Good news for households, in that the CEO of Octopus Energy, Greg Jackson, has forecast that energy prices will tumble in April, because of nature of the market. Gas for April delivery will have...
Commodity Prices - Cocoa Prices Surge to 40 Year High
World prices for cocoa beans have surged to a forty-year high. Supply-side factors are largely to blame but so too is an increase in speculative demand in the future market as buyers scramble to...
In the News Teaching Activity – Market forces caused a price slump in the lithium market in 2023 (Jan 2024)
In 2023 oversupply in the lithium market caused an 80% collapse in prices in the year to December 2023 from $80,000 to $13,600 a ton.
UK Economy - Inflation Rises to 4%
The annual rate of inflation in the UK has edged higher to 4% in the year to December 2023 and there are worries that the widening conflict in the Middle East will bring about another external...