Blog and updates
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18 Dec 2016
Model agencies found guilty of price fixing
Here is a model exam example of collusion in markets!
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18 Dec 2016
Uber defies demand to stop using self-driving cars
Uber seems prepared to flout the law with its self-driving cars - being prepared to ignore the California Attorney-General and continue to run its self-driving cars in San Francisco.
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18 Dec 2016
Land banks and the housing shortage
One of the reasons for the housing market being dysfunctional is the existence of substantial 'land banks' held by a variety of groups, notably the UK's largest house builders. However,...
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16 Dec 2016
Nurofen fined heavily for mis-leading consumers
Another instance of the regulator intervening to protect consumers from exploitation by another pharmaceutical company. In this instance, the manufacturer of Nurofen, Reckitt Benckiser, has seen...
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16 Dec 2016
London's lead in income per head over the regions
This Guardian article highlights the extent of regional inequality - noting that over the past decade inequality has increased, with London increasingly well ahead of other regions.
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15 Dec 2016
The Dichotomy of Behavioural Economics
Festive enrichment from two giants - Gerd Gigerenzer & Nassim Nicholas Taleb offer some perspectives on behavioural economics in a recording of a panel event held in December 2016.
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15 Dec 2016
US Fed raises interest rates driving the dollar higher
The strengthening US dollar is not perhaps what Donald Trump had in mind when he said he wanted to make America great again. It will erode the price competitiveness of manufacturing exports and...
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15 Dec 2016
Just Eat acquires Hungry House - Horizontal Integration at work
Horizontal integration in the fast-growing and increasing competitive home-food delivery market. Just Eat is competing with the likes of Deliveroo and, judging from the number of Deliveroo cyclists...
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15 Dec 2016
China's spiralling property prices
A lengthy piece looking at the state of the housing market in China and using the 'b' word: bubble. Prices in Hefei, the capital of Anhui province in eastern China, have risen by 47%; in Beijing,...
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15 Dec 2016
A Level Economics Exams in June 2017 - Grade Booster Workshop Sessions Announced
The session-by-session content for the upcoming A Level Economics Grade Booster student workshops has now been published. Details below.
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13 Dec 2016
RIP Thomas Schelling
We are sad to learn of the passing of Nobel prize-winner Thomas Schelling. His work on deterrence using applied game theory was hugely important during and after the Cold-War era.
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11 Dec 2016
Eighty Years on from the General Theory - Keynes Returns
Larry Elliott is on good form in this opinion piece in the Observer. Faced with the upheaval of 2016, what would a cryogenically frozen Keynes do eighty years on from the publication of the General...
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11 Dec 2016
Under-investment by British business
I have just been teaching growth and productivity, and this article ties in with that: innovation is a major contributor to productivity.
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11 Dec 2016
Starter activity on analysis skills - "This is because"
The graphic below shows information on the amount of people being hired, laid-off and quitting in US manufacturing over the past 15 years. Significantly, it highlights when the economy was in...
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10 Dec 2016
The Rise of the Renminbi
The IMF's Finance and Development magazine (December 2016) carries an interesting book review on the rise of the Yuan / renminbi as an international currency and the complexity of China's currency...
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10 Dec 2016
Canada introduces their first carbon price
The Canadian government has announced the introduction of their first national carbon price as part of their strategy to increase investment in renewables and meet their global climate change targets.
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10 Dec 2016
Capita to replace workers with robots
This is an interesting pieceThis is an interesting piece that highlights the extent to which there's substitution between capital and labour, with outsourcing giant Capita looking to replace...
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10 Dec 2016
Mega Merger: 21st Century Fox and Sky agree a deal
A mega-merger in the media, with 21st Century Fox making a bid for Sky - although I'm not sure whether it is horizontal integration or a conglomerate merger, given the extent of the interests of...
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9 Dec 2016
A Great Way to Revise for Synoptic Paper 3
Here's the first in a new series of revision materials designed to help Year 13 A Level Economics students to develop the skills and confidence needed for the new A Level synoptic Paper 3.
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9 Dec 2016
World commodity prices in 2016
Over the last year there have been significant increases in the prices of globally traded commodities.
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