Blog and updates
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17 Mar 2023
High Gas Prices - Effects on Businesses and the UK Economy
In this video we look at how high gas prices can impact businesses and also affect some of the key UK macroeconomic objectives. We also work through how to show this using an AS-AD diagram in case...
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16 Mar 2023
2023 Banking Crisis - What is Happening at Credit Suisse?
The Credit Suisse situation is an interesting one, with the Swiss government offering a sizeable loan of £44bn from the Swiss central bank. So are we on the brink of a financial crisis? Definitely...
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16 Mar 2023
Budget 2023 Reflections - Focus on the Supply-Side
We are bringing together reflections on the UK's 2023 Spring Budget in this blog. It was essentially a budget focusing on trying to reinvigorate economic growth on the supply side. Faster...
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15 Mar 2023
Budget 2023: Starter Powerpoint Activity
Here's a 5 minute Powerpoint activity to test students on today's budget announcement from Jeremy Hunt.
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15 Mar 2023
Kahoot Quiz on Growth and Development
Motivated by several requests from students, I have produced a chunky Kahoot quiz covering economic growth and development that I hope other teachers and students might find useful. The new...
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14 Mar 2023
Business Economics - Chippies and Hair Salons Hit Hard by Cost of Living Crisis
The Local Data Company are reporting that the extent to which the cost of living crisis is affecting different types of retailer varies, with fish and chip shops and hair salons among the worst...
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14 Mar 2023
The Gig Economy - US court rules Uber and Lyft workers are contractors
News from the USA, where the California appeals court has ruled that Uber and Lyft can continue to treat their workers as self-employed contractors rather than employees. It's significant for the...
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13 Mar 2023
CPI Basket Changes for 2023 are Announced
The annual ONS change to the consumption bundle has been announced today, with the usual raft of movements into and out of the bundle in line with consumer shopping habits.
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13 Mar 2023
2023 Banking Crisis - Silicon Valley Bank's UK subsidiary sold to HSBC.
The fall-out from the failure of Silicon Valley Bank (SVB) continues and this is a fast-changing story. Here are some of the emerging details of the deal brokered by the UK government for HSBC...
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12 Mar 2023
Supernormal Profits - Biggest Oil and Gas Profit in History
Supernormal profits anyone? Saudi Arabian oil giant Aramco have reported a record annual net profit of $161.1 billion (£133.87 billion) for 2022. This is the biggest ever profit recorded by any oil...
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11 Mar 2023
Financial Economics - The Failure of Silicon Valley Bank
US financial regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. It is a good one to add to your notes on...
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11 Mar 2023
Monopsony Power - Tesco to charge suppliers for fulfilling online orders
Evidence of rising costs? Or exploitation of a monopsony position? A great example to ignite classroom discussion!
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10 Mar 2023
Innovation and Climate - Cooling our Cities without Air-Conditioning
Air conditioning is increasingly highly demanded but also makes a significant contribution to global warming; so how can we balanced the two. Well, we might not be able to have conventional...
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10 Mar 2023
The Changing Face of Globalisation - From Near-shoring to Friend-shoring
Mohamed El-Erian writes a Project Syndicate column looking at the changing nature of trade in the post-Covid world. He argues that we're moving away from hyperglobalisation, not so much towards...
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10 Mar 2023
What are the barriers to economic growth in the UK?
Here is another good video assessment of some of the barriers to economic growth in the UK. Sky's Paul Kelso travels to Cambridge and Rochdale and speaks to businesses, workers and politicians...
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9 Mar 2023
UK Economy: are we still facing a recession?
Here is a neat primer on the UK economy from Channel 4 news - a 23 minute interview and discussion which could easily to be watched in a revision lesson and used as a prompt for class analysis and...
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9 Mar 2023
Why are insulin prices so high in the United States?
The high price of insulin has resulted in many individuals with diabetes struggling to afford the medication they need to manage their condition, leading to serious health consequences. Efforts to...
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9 Mar 2023
Soaring Child Care Costs and a Widening Gender Pay Gap - Sobering Labour Market Economics
Here is another stark reflection on the impact of high cost childcare on both female participation in the labour force and household finances. The fact that childcare costs have risen by 44% since...
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