Blog and updates
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3 Sept 2021
Economics Weekly Quiz - 02 Sep 2021
Welcome back to the new term! The beauty of economics comes from how it can be applied to the real world so why not try our weekly quiz and test your knowledge? We have 10 questions using economics...
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2 Sept 2021
Steel industry - Port Talbot steelworks owner reports £347m loss
There are so many micro and macro aspects to this news story about continued heavy losses at the UK operation of Indian conglomerate Tata Steels.
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2 Sept 2021
NEETs - Percentage of NEETs falls below ten per cent
NEETs are young people who are not in education, employment or training. The good news is that the number of people in this category is falling.
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1 Sept 2021
Inflation - Sri Lanka in economic emergency as food prices soar
The Sri Lankan government is introducing government-controlled prices in a bid to stem inflation in an economy hit hard by a depreciating currency and the damaging impact of covid on their...
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1 Sept 2021
Negative Externalities - Air pollution is slashing years off the lives of billions
The World Health Organisation has called air pollution the "silent tsunami" and the latest data on the negative externalities of air pollution suggests that it is a bigger killer than many...
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1 Sept 2021
Commodity Prices - Vietnam adds to global coffee supply concerns
A lovely example here of how changing non-price factors can cause a change in the market supply of coffee beans used mainly for producing instant coffee.
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31 Aug 2021
Underemployment - Japan's army of under-employed ex-housewives
This is a lovely example of what is meant by the term 'under-employment' and illustrates exactly what this implies for an economy.
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31 Aug 2021
Renewable Energy Economics - first commercial offshore wind farm in the US
The United States has entered the market for offshore wind, with the first wind farms being built, with the hope being that ultimately it will house the most powerful wind turbines in the world,...
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30 Aug 2021
Labour shortages - is market power shifting to workers?
The Guardian's John Harris writes here about the ongoing labour shortages, arguing that they offer an opportunity for workers to assert their power, supported by trade unions, and see a substantial...
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28 Aug 2021
Micro and Macro Economics in Action! Why is there a chip shortage?
This BBC clip looks at the impact of the global chip shortage on the world economy, with bottlenecks in different sectors and impacts for firms and individuals.
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27 Aug 2021
Price elasticity of demand - Peloton cuts price of bike as sales growth slows
Are the wheels starting to come off the connected-fitness market dominated by businesses such as Peloton?
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27 Aug 2021
Maximum prices - Why rent control isn’t working in Sweden
This is the sort of really interesting article that Economics teachers love - a classic example of why rent ceilings don't work.
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24 Aug 2021
Poorer UK towns found to have the most betting shops
New Bristol University research reported here suggests that the poorest sectors of society in the UK are targeted with betting shops more highly concentrated in less affluent areas. Betting shops...
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24 Aug 2021
Innovation and Creative Destruction - The Rise And Fall Of Polaroid
Here is a lovely bit of economic history covering creative destruction and the nature of markets.
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23 Aug 2021
13% rise in average UK property prices as demand-side factors dominate
Are soaring property prices - over time - good news for the UK economy?
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22 Aug 2021
Environmental Economics - Should a carbon tax vary over the economic cycle?
Should a carbon tax vary according to the stage of the economic cycle?
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22 Aug 2021
UK Economy - uncertain times ahead
A cluster or comment pieces in recent days have focused on the uncertainties surrounding the UK and global macroeconomics outlook.
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20 Aug 2021
Business growth - Lloyds Bank aiming to become giant UK landlord
Lloyds Banking Group is planning the enter the private housing rental market through their Citra Living brand.
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19 Aug 2021
Executive Pay - FTSE bosses earn 86 times more than average UK worker in 2020
The vexed issue of executive pay is highlighted in a new High Pay Centre investigation into the extent to which CEOs do better than the rest of us.
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17 Aug 2021
Sustainable growth - Mangrove reforestation saves Senegal's fishing communities
A lovely short video case study here on how reforestation can help to promote sustainable development.
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