Blog and updates
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7 Apr 2024
Game Theory meets Monopolistic Competition: Nail Technicians raise prices together!
This is a fascinating article about how nail technicians are responding to the rising cost of living by collaborating to increase the price that they charge. Many of them appear to be earning under...
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6 Apr 2024
Thames Water - Nearing Collapse?
The fate of Thames Water hangs in the balance with its parent company, Kemble, having announced that they are going to default on the interest payment on a loan on Monday and will be unable to...
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1 Apr 2024
UK Minimum Wage Climbs to £11.44/hour - Good for the Economy?
On 1 April 2024, the UK's National Minimum Wage (to apply to workers aged 21 and over) rises by 9.8% to £11.44 per hour. Torsten Bell at the Resolution Foundation has called the introduction of the...
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28 Mar 2024
In the News Teaching Activity – Unilever are planning to sell off Ben and Jerry’s ice cream (Mar 2024)
Unilever, the global leader in consumer goods, producing brands, such as Dove, Hellman’s, PG Tips and Domestos, has announced job cuts and an ice-cream sell-off in its strategic restructuring plan.
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27 Mar 2024
In Memoriam - Daniel Kahneman - A Founding Father of Behavioural Economics
Daniel Kahneman, the Israeli-American Nobel-Prize winning psychologist and economist, has passed away at the age of 90. His work has transformed our understanding of human behaviour and, from a...
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27 Mar 2024
Is the Minimum Wage one of the most successful UK economic policies?
The Resolution Foundation has released a study to mark the 25th anniversary of the National Minimum Wage - now called the National Living Wage - and concludes that it's one of the most successful...
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25 Mar 2024
Nissan aims to cut cost of making electric cars by nearly a third by 2030
Nissan has announced that, in the face of intense Chinese competition, they are going to reduce the cost of manufacturing electric cars by 30%. They think that greater concentration on EVs, battery...
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25 Mar 2024
Edexcel (A) Theme 4 Knowledge Organiser Pack 1
Here is the link to the 1st of 2 knowledge organiser packs for Theme 4. It covers globalisation, trade and protectionism, exchange rates, international competitiveness, and poverty/inequality. This...
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25 Mar 2024
Legoland to trial Surge Pricing
You wait a while for one example of surge pricing to come along, and like London buses, along comes a second too. This time, it's tourist attraction owner Merlin Entertainment is planning to adopt...
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25 Mar 2024
In the News Teaching Activity – why are Easter egg prices higher? (Mar 2024)
A heatwave in Western Africa, where many of the world’s cocoa beans are produced, is pushing up the prices of chocolate Easter eggs this year.
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24 Mar 2024
Poverty Deepening in Modern Britain
Next month sees the 25th anniversary of the introduction of the National Minimum Wage, although it's now called the National Living Wage, and this article looks at what it's achieved.
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22 Mar 2024
Economics Weekly Quiz | 22 March 2024
Here's our weekly economics news quiz covering stories from the UK and global economic events of the passed 7 days.
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21 Mar 2024
In the News Teaching Activity – are pet owners being ripped off at the vets? (Mar 2024)
The Competition and Markets Authority (CMA) is launching an investigation to the pet medicine pricing practices, particularly those owned by big corporations because it looks as if pet owners are...
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19 Mar 2024
End of an Era - Japan Moves away from Negative Interest Rates
A historic moment: for the first time since 2007, Japan has raised monetary policy interest rates and they're no longer negative. Rates have gone from -0.1% to between 0.0 and 0.1% in response to a...
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18 Mar 2024
In the News Teaching Activity – how can the UK’s lacklustre productivity growth be improved? (Mar 2024)
The Economics Observatory considers how to increase UK productivity growth so that wages and living standards can grow more quickly. The article argues that a ‘long-term strategy’ is needed to...
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18 Mar 2024
CMA to investigate UK house-builder merger
The Competition and Markets Authority are looking into the proposed £2.5bn Barratt takeover of Redrow, concerned about the impact that it's going to have on an already fairly concentrated sector.
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17 Mar 2024
Aiming for A-A* Economics 2024 - Live Daily Revision
Starting next Monday (25th March), we will be running daily revision livestreams for A-Level and IB Economics students. Our main focus is for students pushing towards the top grades.
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17 Mar 2024
What does an increase in ’economically inactive’ people do to the UK economy?
This BBC clip looks at the rise in economic inactivity in the UK and its implications for the macroeconomy as a whole. It looks at exactly who these people are - students, carers, the retired and...
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17 Mar 2024
Joint Ventures - Honda and Nissan join forces on electric car technologies
Honda and Nissan have launched a joint venture to share electric car technology, such as components and software, and try to halt the seemingly unstoppable rise of Chinese competitors, backed by...
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15 Mar 2024
Is carbon offsetting a sham?
Is the notion of carbon offsetting a sham? This Guardian investigation seems to suggest so. One such project, the Kariba Project in Zimbabwe, appears to have generated 100m euros, largely for the...
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