Blog and updates
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26 Mar 2020
After Corona - What might be the new normal?
The current crisis dominates everything. But, within a relatively short space of time, it will pass. What next? What will be the “new normal”?
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25 Mar 2020
Chris Giles: Scientists should take lessons from economists on virus response
"Economics can tell you that efforts to fine tune the progression of coronavirus will fail."
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24 Mar 2020
Coronavirus risk - game theory meets the tragedy of the commons
My article for the day is from Tom Chivers writing on the UnHerd blog.
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23 Mar 2020
Will the world economy suffer hysteresis?
My article of the day comes from the BBC and looks at the risks of long-term damage to the world economy as a consequence of the crisis.
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22 Mar 2020
Year 13 Work - Information Bias
Until it becomes clearer how teachers will be asked to provide grades for the current Year 13s, here's an activity for those of you trying to keep your students engaged - useful for those with...
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22 Mar 2020
Year 12 Practical Economic Thinking task - Football Club Chairperson
In case you need something for Year 12 to do at home this week, here's a quick resource that gives them an opportunity to apply their economic thinking to managing a football club. Free and easy to...
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22 Mar 2020
Building a more resilient future
My article of the day comes from Anthony Painter at the RSA who has long been a supporter of some form of universal basic income.
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21 Mar 2020
Coronavirus: The economic crisis
My article of the day recommends to you a superb podcast from the BBC's Real Story which brings together a number of economists including Linda Yueh, Stephanie Flanders (head of Bloomberg...
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20 Mar 2020
Manufacturing consortia respond to ventilator shortages
My article of the day on the economic crisis is about the drive to bring manufacturers together to ramp up the supply of much-needed ventilators for use by the NHS as the volume of critical cases...
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19 Mar 2020
Lights dimmed in cinemas - a temporary or structural challenge?
The cinema industry is facing unprecedented pressure as venues close, revenues collapse and an industry heavily burdened by debt faces a deeply uncertain future.
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18 Mar 2020
Coronavirus: Elasticity of supply of ventilators
This article flags up the issue of price elasticity of supply in the middle of the coronavirus outbreak: the governments clarion call for businesses to shift to the manufacture of ventilators makes...
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15 Mar 2020
Coronavirus: Football clubs face financial stress
This article would make a good extension exercise - can you draw what has happened to the cost and revenue curves of a lower league football club?
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15 Mar 2020
Coronavirus: Morrisons to pay small suppliers immediately
Great story this - and good for Morrison's image too.
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14 Mar 2020
Coronavirus: Impact on the Circular Flow
Professor Richard Baldwin has adapted the circular flow diagram to identify some of the ways in which the coronavirus shock is impact on the macroeconomy. This is well worth a look especially if...
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13 Mar 2020
Coronavirus: Pandemic triggers sharp rise in price of medication
Classic demand and supply in some regards, as a shortage of raw materials drives up the price of painkillers.
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11 Mar 2020
Modelling the likely spread of a virus
The various pronouncements on the corona virus are a source of puzzlement to many.
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11 Mar 2020
Budget March 2020 - At-a-glance documents
Here are 3 summary documents to support teachers wishing to have in-class discussions about the Budget announced by Chancellor Rishi Sunek on the 11th March 2020. The information has been gleamed...
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