Blog and updates
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12 Apr 2016
Council votes to charge people to run in a local park
Has the world - or at least a tiny corner of Bristol - gone completely mad? Councillors in Little Stoke Park have voted 6 to 4 to charge Parkrun for the right to operate their weekly Saturday 5k...
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12 Apr 2016
How Negative Interest Rates Work
Will more countries move into a world of negative interest rates and if so, who will be the winners and losers. Central banks who have cut rates below zero are in search of a strategy to get people...
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12 Apr 2016
The Digital Economy and Problems in Measuring GDP
The level of GDP may fall even though the quantity of goods and services that we are consuming is increasing. This is one of the ironies of the switch to the digital products largely provided by...
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12 Apr 2016
Views of Economists on Brexit
Here is a selection of short interviews with leading academic economists on the issue of Brexit. The interviews on Brexit were recorded at the Royal Economic Society annual conference at The...
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12 Apr 2016
Why the Minimum Wage Worked
It is nearly twenty years since the landmark research of Card and Krueger on the effects of minimum wages on employment in US fast food restaurants argued that higher wages might lead to a rise in...
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12 Apr 2016
Answering Supported Multiple Choice in Unit 3 Economics
Here is a revision presentation on some handy techniques for answering the supported multiple choice paper for Unit 3 Economics (EdExcel).
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12 Apr 2016
The Impact of rising house prices
The Halifax has calculated that the average rise in house prices in the UK was 10% for 2015. House price rises in the UK appear to be a double-edged sword - for those who own their own home a...
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12 Apr 2016
Should the UK Government support the British Steel Industry?
What are the competing arguments for and against government intervention to support the steel industry during these difficult times? If intervention is justified, what forms should it take and will...
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11 Apr 2016
Unlikely Events - Lessons for Economists from Art and Sport
Life imitates art, as the sporting world has shown this week. The Grand National was won by a horse which had never previously won a steeplechase. The US golf Masters was won by Danny Willett, who...
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11 Apr 2016
OCR F585 Economics - Extract 5
This revision presentation covers aspects of Extract 5 for the OCR F585 Global Economy paper - the main focus is on the structural (supply-side) issues facing the Zambian economy. The presentation...
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11 Apr 2016
CMA says that the EU Competition watchdog should stop merger between Three and O2
The Competition and Markets Authority (CMA) has told European regulators that they should block the merger of mobile phone network providers O2 and Three in the UK. For those of you looking for an...
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11 Apr 2016
The Current Account and our Imperial Legacy
On the day that George Osborne received some good news on economic growth, figures were released on the current account that showed in the last quarter of 2015 the deficit was 7% of GDP.
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9 Apr 2016
Inequality breeds protectionism argues Lagarde
In a speech in Germany this week, the Head of the IMF Christine Lagarde has argued that persistently slow growth and rising inequality are factors encouraging protectionist sentiment. She wants...
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9 Apr 2016
OCR F585 June 2016 Key Definitions
This resource brings together many of the key definitions for the June 2016 OCR F585 Global Economy paper.
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8 Apr 2016
The Economic Cost of Water Scarcity
A new report from WaterAid highlights the many millions of people who live without access to safe water and also the disproportionate cost for the poorest communities of paying for water supplies.
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8 Apr 2016
Primary Dependency - Focus on Angola
The Angolan economy is hugely dependent on the extraction and exporting of crude oil. With with global prices remaining stubbornly low their economy is suffering from a steep decline in export...
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8 Apr 2016
OCR - F585 Economics - Extract 4 - Labour Migration and Remittances
The webinar recording and supporting slides from my revision session on Extract 4 of the OCR F585 June 2016 Global Economy paper are provided below.
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8 Apr 2016
OCR F585 Economics - Extract 3 - Primary Product Dependency and the Terms of Trade
The slides and webinar recording from my revision session covering Extract 3 for the OCR F585 June 2016 Global Economy paper are provided below.
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6 Apr 2016
Calculation worksheet for Indirect tax and subsidies
Here's a 5 minute worksheet asking students to calculate various elements based upon figures shown in diagrams for an indirect tax and a subsidy for two normal goods. This would be a nice little...
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5 Apr 2016
Banks and steel: thorny problems in economic theory
The potential closure of the Tata steel plants, and the plight of Port Talbot is a tragedy for those directly affected. A key question is: if the banks could be saved, why not steel? From a purely...
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