Blog and updates
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29 Jan 2016
2016 - Are we heading for another Global Crash?
The Big Short is currently pulling in lots of economics students and their teachers to local cinemas and many may have emerged into the daylight wondering if it could all happen again!
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29 Jan 2016
Tesco scales back 24 hour opening in over 70 stores
Some interesting supermarket news here that reflects the changing nature of the sector - the shift towards online retailing has seen Tesco decide to reduce the number of 24-hour stores in a bid to...
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29 Jan 2016
Engaging Lesson Starter - Conveyor Belt Memory Game
Here's a fun and engaging lesson starter for your next Economics lesson called 'Conveyor Belt Memory Game' (hat tip to Paul Hoang from Sha Tin College in Hong Kong for the concept). Run the...
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29 Jan 2016
Bank of Japan moves to set Negative Interest Rates
The Bank of Japan has made an unexpected move to cut their main interest rate into negative territory in a bid to bring the exchange rate down and help avoid price deflation in the beleaguered...
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29 Jan 2016
Customer satisfaction surveys used to combat possible market failure on the trains
I blogged yesterday about the teenage money-saver who took a flight home via Berlin as it was cheaper than using a train. So, keeping with my theme for the week, here's the next bit of evidence...
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29 Jan 2016
Nigeria: Primary Product dependency and currency depreciation
Hat tip to Tim Koch, a student economist from Norwich with a real skill in applying classroom activities to economics in the news. He has spotted a great article linking a number of topics that...
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28 Jan 2016
Countries most dependent on oil in 2018
Which countries rely most upon exporting crude oil? A fresh study by Bloomberg estimated that in 2018 the most reliant country will be Brunei, with oil exports projected to make up over 60 percent...
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28 Jan 2016
Beyond the Bike Lesson Resources - education, development, and a hint of England
This week the Beyond the Bike adventurers found themselves in Singapore, and spoke at a number of schools. To complement their trip, we have designed a lesson resource examining factors that might...
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28 Jan 2016
The importance of remittances - and trouble ahead
A remittance is money sent home by migrant workers. In 2014, migrant workers sent home a whopping $580bn. Why are remittances so important, especially in LEDCs, and why are remittance flows in...
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28 Jan 2016
Globalisation and the Boeing 787
The Boeing 787 is a triumph of global engineering, using skills, expertise and materials from around the world. But when you look more closely at the complexity of its global supply chain, it's...
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28 Jan 2016
Is there any such thing as a national car brand?
Yesterday,the BBC posed the question "What makes a car German, American or Japanese? Is it where it is designed, where the parts are manufactured, or where those parts are assembled? Or is it where...
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28 Jan 2016
Flying to Berlin cheaper than a return train journey to London - market failure or market success?
You may have seen this story doing the rounds yesterday - a money saving blogger discovered that a flight from East Midlands airport to Stanstead via Berlin was cheaper (by about £7) than an...
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28 Jan 2016
Possible Regulatory Capture? OFGEM and Keeping Secrets
The concept of regulatory capture is a type of government failure where a regulator fails to protect the interests of the consumer and instead supports behaviour by the firms it regulates.
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28 Jan 2016
Uber's surge pricing and economic models
There have been a number of recent blog posts on the rise of Uber and whether its surge pricing benefits society. There are arguments for and against but an approach that uses the basic supply and...
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28 Jan 2016
Vietnam's Economic Reform Challenge
This BBC clip is interesting in looking at the different way of doing business in Vietnam - and the fact that much of Vietnam's corporate sector is still under state control. Vietnam is reforming...
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28 Jan 2016
Paul Ormerod: Are the Markets Telling the Truth?
The opening month of 2016 has been marked by sharp falls in asset prices, not just in financial markets but in commodities such as oil. The conventional wisdom is that the markets form a rational...
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27 Jan 2016
Teaching Labour Market Economics at A Level - Course Resource Pack
Labour market economics now takes a more prominent place in the teaching content of A Level Economics specifications. Delegates at our recent CPD course on Labour market economics were able to...
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27 Jan 2016
Will China intervene to prevent capital flight?
In this video piece, the FT looks at the possibility of China introducing capital controls to stop the flood of currency reserves out of the country. The collapse of the Chinese exchange rate has...
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27 Jan 2016
Growth Miracles and Growth Disasters
Marginal Revolution University produces some great material - although it might be a little bit 'American' by some. However, this short video clip looks at what causes divergent growth rates, with...
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27 Jan 2016
Collusion - Car Parts firms fined for price fixing
A relevant story here about collusion between some of the world's largest manufacturers of car parts. In this case, Mitsubishi Electronic and Hitachi have been found guilty of rigging the EU market...
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