Blog and updates
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4 Sept 2019
Argentina imposes currency controls
The Argentinian economic crisis continues, and the central bank has imposed currency controls to try and stop the further depreciation of the peso. The country remains in deep recession, and price...
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2 Sept 2019
Opportunity Cost: How much do I cost the NHS?
This Guardian database of NHS costs for specific surgical and other treatments is potentially really useful for individual student investigation into opportunity costs, budget constraints and other...
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1 Sept 2019
Remittances: the hidden engine of globalisation
This is a hugely important aspect of the changing world economy and pathways to development for many lower and middle income countries. 2019 might be the year that the value of remittances could...
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1 Sept 2019
When is the best time to get a cheap airline ticket?
This is a deceptively simple question but one whose answer has many layers of complexity. Conventional economic theory suggests that travellers who book very close to departure time tend to be...
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1 Sept 2019
Why Cuban cab drivers earn more than doctors
A snappy and revealing short video on the differences in earnings between Cuban taxi drivers and Cuban doctors. Ideal as a discussion stimulant when covering economic systems.
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30 Aug 2019
Externalities of Festivals - Is there a case for a new tent tax?
Campaigners are calling for a £25 “tent tax” for summer festivals as thousands of festival-goers continue to leave behind their Uber-cheap supermarket tents (and whatever detritus lies inside them)...
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30 Aug 2019
Information failure - supermarkets still offering dubious deals
Here is a timely example of how imperfect information reduces market efficiency and distorts markets, getting them acting in producers' and not consumers' best interests, by subverting consumer...
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29 Aug 2019
Average Wages in the UK - a starter activity for new Economics students
Here's a short starter activity on average wages that could be used for introductory lessons for new Economics students. Assuming that factors of production and the rewards to each factor have been...
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28 Aug 2019
Costa Rica at forefront of drive to a carbon neutral future
The right to a healthy environment is enshrined in the Costa Rican constitution and 99% of the country’s energy already comes from renewable sources.
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28 Aug 2019
Needs and Wants - an engaging activity that asks 'what do we want'?
Here's a short activity called 'Needs and Wants' that could help stimulate discussion when considering the topic of needs and wants with new Economic students.
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27 Aug 2019
Introduction to Economics - this 'Horse Racing' Activity is Under Starters Orders!
Here's a short starter activity to help create engagement and stimulate discussion during one of your first lessons with new Economics students.
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27 Aug 2019
Could this underwater farm be the future of food?
Is this the future of farming? Can we use the oceans more successful to increase global food output and what would it mean for our eating habits. All of these issues are addressed in this World...
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25 Aug 2019
What does a cashless future mean?
Here is a short video from the Economist on the seeming rush to get rid of cash. What are some of the economic and social repercussions of this shift towards a cashless future?
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23 Aug 2019
Is poverty self-perpetuating?
Excellent for Theme 4 Development Policy, Professor Maitreesh Ghatak from the LSE discusses the implications of a randomised control trial in Bangladesh, where some ultra-poor women were given a...
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23 Aug 2019
Does technology hinder development?
According to development economist Dani Rodrik, although new technologies allow developing countries possibly to by-pass old models of industrialisation, the main barrier is that in many countries,...
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19 Aug 2019
Are we heading for a global recession?
Ben Chu reports for Newsnight on the risks of a global economic recession with a follow up discussion with Professor Joseph Stiglitz.
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19 Aug 2019
New for 2020: Synoptic Workbooks for AQA & Edexcel A-Level Economics
Two new student workbooks have just been published that provide unrivalled support for teachers and students preparing for the challenges of the synoptic questions in AQA / Edexcel Paper 3 in 2020.
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15 Aug 2019
A-Level Economics Results for 2019
Here are some data charts analysing some key features of the A-Level Economics results for 2019.
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14 Aug 2019
Robust but fragile - understanding network effects in power systems and beyond
National Grid is getting a kicking in the aftermath of last Friday’s electricity blackout. Potential explanations swirl around both social and mainstream media. The system cannot cope with too much...
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9 Aug 2019
Business economics: Can Uber ever be profitable?
Uber is a rapid-growth platform business operating mainly in the ride-share and food delivery markets. But don't confuse fast growth with profits! Their latest quarterly losses are huge!
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