Blog and updates
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18 Dec 2024
Challenging Assumptions in Economics – A Pathway to Deeper Understanding
In the world of economics, theories often serve as a lens through which we attempt to understand complex human behaviour and market dynamics. These theories, however, rely on simplified assumptions...
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17 Dec 2024
Richard Easterlin (1926-2024): A Legacy in Economic Thought
Professor Richard Easterlin (1926–2024) leaves behind a profound and multi-faceted legacy in the field of economics. As a distinguished professor of economics at the University of Southern...
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17 Dec 2024
Africa’s Digital Divide: How Tariffs Are Holding Back Growth
Digital goods—from advanced machinery and computing technology to software—are the lifeblood of modern productivity. For developing economies, access to these goods isn’t just important; it’s...
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17 Dec 2024
Data Starter: Global production of fruit, vegetables & nuts 1961-2022
What has been happening to global production per capita for selected fruits, vegetables & nuts?
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16 Dec 2024
The Gig Economy on High Street: Flexibility for Stores, Risks for Workers?
Bustling high streets signal the busiest time of the year for retailers. But behind the glittering window displays lies a labour revolution that’s raising eyebrows and alarms. Increasingly, major...
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16 Dec 2024
In the News Teaching Activity – Christmas does not lift the spirits of businesses (Dec 2024)
As job vacancies drop at the fastest rate since the pandemic, businesses are gloomy as they look ahead to 2025.
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16 Dec 2024
Case Study: Addressing the Job Creation Challenge in Sub-Saharan Africa
Sub-Saharan Africa faces a critical challenge: creating enough jobs to support its rapidly growing population. By 2030, the region will account for half of the world's new workers, with an...
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15 Dec 2024
Case Study: Foreign Direct Investment (FDI) and the UK Economy
Foreign Direct Investment (FDI) plays a pivotal role in shaping national and global economic landscapes by fostering cross-border capital flows, generating employment, and stimulating innovation....
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14 Dec 2024
Case Study: The Economics of Tourist Taxes
Tourist taxes, also known as transient visitor levies, are taxes imposed on accommodation or other services used by tourists. Governments across the world implement these taxes for various...
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14 Dec 2024
Cartels in Construction? The Economic Costs of Rigged Contracts for Schools
When it rains in Britain, it pours. And sometimes, the leaks are not just from the roofs but also from the foundations of the economy. The UK Competition and Markets Authority (CMA) recently...
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14 Dec 2024
Construction Crunch: Why the UK Can't Meet Its Housing Targets
The UK is facing a housing crisis that reads like a suspense novel. A government promise of 1.5 million new homes by 2029 hangs in the balance as industry experts warn: we don’t have the workers to...
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13 Dec 2024
Case Study: The Geographical Pattern of UK Trade in 2023
In 2023, the UK demonstrated varied trading relationships globally, reflecting a shift in the balance of its economic ties. This case study explores the UK's trade data to evaluate the role of key...
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13 Dec 2024
Data Starter: UK economic inactivity 1971-2024
How has the economic inactivity rate in the UK changed between 1971 and 2024?
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13 Dec 2024
Economics Weekly Quiz | 13 December 2024
Here's our last weekly economics news quiz of 2024! The quiz has 8 multi-choice questions about news events relating to economics from the previous 7 days. Most of the questions relate to the UK...
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12 Dec 2024
Normal and Supernormal Profits Explained - A-Level Economics Mastery
In this video we look at the important difference between normal and supernormal profit and then link both concepts to different market structures.
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12 Dec 2024
In the News Teaching Activity – post-Brexit regulations reduce UK food exports (Dec 2024)
Post-Brexit non-tariff barriers have led to a sharp decline in British food exports to the EU, costing the UK economy an estimated £3 billion annually, according to a new report.
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11 Dec 2024
Rents on the Rise: The Tug of War Between Supply and Demand in the UK Rental Market
It’s a tale as old as economics itself: demand soars, supply stagnates, and prices climb. The UK’s rental market in 2024 encapsulates this drama in vivid detail. With annual rental inflation...
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11 Dec 2024
Drawing Developed Diagrams for A* Grades - Economics Revision
In this revision video, I explain five worked examples of how you can build developed diagrams to help achieve top grades in your Economics exams. The quality of diagrams can have a big effect on...
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10 Dec 2024
Brick Walls: Why the UK Housing Market is Out of Reach for Most
The latest figures from the Office for National Statistics (ONS) reveal a sobering truth: the average home in England is now affordable only to the richest 10% of the population. For everyone else,...
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10 Dec 2024
Data Starter: Income inequality in the UK 1961- 2023
According to the Gini coefficient, what has been happening to income inequality in the UK since 1961?
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