Blog and updates
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21 Nov 2016
What is GDP
The ONS has produced a new infographic on GDP which explains everything clearly and tracks some of the latest data. It is a good study primer for students and teachers.
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21 Nov 2016
Uranium prices set to go radioactive
An excellent and lengthy look here at a demand and supply story - this time, though, with greater depth in looking at how the demand for uranium has implications for all sorts of other 'derived'...
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21 Nov 2016
Forward Guidance Triggers Behavioural Change
The Governor of the Bank of England, Mark Carney, was on good form last week when he appeared at the Treasury Committee of the House of Commons. Asked what “forward guidance” meant, he answered...
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21 Nov 2016
State of the UK Economy (November 2016)
This is a sixty-slide revision presentation on the state of the UK economy five months on from the June 23rd Brexit vote.
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20 Nov 2016
Shrinkflation - Post-Brexit Downsizing
I was chatting to a senior executive of one of the world's biggest chocolate manufacturers a few days ago and his view was that the makers of Toblerone had made a crazy call in cutting out some of...
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19 Nov 2016
Airbnb looks to become a travel experience business
An interesting piece in today's Guardian looking at the renewed ambition of Airbnb to recreate itself as a travel company, rather than simply an app to rent room across the globe.
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19 Nov 2016
The Making of Vienetta!
Here is a brilliant You Tube clip showing how the much loved Vienetta ice cream is made - a great visual illustration of the power of specialised capital, economies of scale and the prominence of...
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19 Nov 2016
Bonfire of the Rupees - De-monetisation in India
It is one of the most dramatic policy decisions in recent years. Last week, Indian Prime Minister Modi announced that from midnight all 500-rupee (£6) and 1,000-rupee notes would cease to be legal...
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18 Nov 2016
Economics Quiz of the week - w/e 18 November 2016
Here's this week's 6 question Economics news quiz. Enjoy!
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18 Nov 2016
China pushes for their own regional trade deal
The demise of the Trans-Pacific Partnership (TPP) has opened the door to the tantalising possibility that the Chinese will conclude a regional trade deal of their own.
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18 Nov 2016
Hi-tech Greenhouses and Sustainability
A CEO of a leading food producer told me yesterday that food businesses within ten years will either have to be 100 sustainable or they will have gone bankrupt. It is a defining moment in the...
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15 Nov 2016
The Chinese are Coming - A Quick Thought Experiment
There are 103 Chinese businesses in the world’s top 500 (compared to 134 American and 22 British). As a quick thought experiment I give students two minutes to write down as many Chinese businesses...
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15 Nov 2016
Growth traps and opportunities for Africa's lions
On November 3, the Africa Growth Initiative at Brookings hosted a conversation on the new book “Africa’s Lions: Growth Traps and Opportunities for Six African Economies,” which examines the key...
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15 Nov 2016
Childcare key to cutting inequality
This article highlights the one of the major reasons for income inequality: difficulties with childcare.
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15 Nov 2016
Google's £1bn Investment in the UK Economy
The government must be delighted to hear Google announce that it's going to invest £1bn in the UK and create 3,000 jobs in the process. This inward investment will have a positive multiplier effect...
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15 Nov 2016
Revealed Preferences and the Death of Polling
So the pollsters got it wrong again. After the general election last year and then Brexit, it is perhaps not surprising. What is surprising is just how wrong they were. The real problem is the...
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12 Nov 2016
An orgy of consumption on China's singles day
It is 'Singles Day' in China, 11/11, and this FT clip looks at how it's grown from a small event at Nanjing University to the world's largest orgy of consumer spending. And all of this in a country...
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12 Nov 2016
How much does doing the chores add to UK GDP?
The ONS has attempted to value the non-traded sector of economic activity - housework and DIY - to the UK economy. It's value? More than £1 trillion per annum, equivalent to 56% of GDP, with women...
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12 Nov 2016
Egypt Economic Crisis - IMF agrees a $12 billion loan
Hit hard (among other factors) by a collapse in revenue from tourism, Egypt has won approval for a $12 billion emergency loan from the International Monetary Fund.
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12 Nov 2016
Structural Unemployment
Here is a new video from out friends at Marginal Revolution - this time covering causes of structural unemployment in the labour market.
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