Blog and updates
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9 Mar 2023
New Resources on Development Economics
Five new videos have been added to our Development Economics playlist. This includes revision blast videos on debt relief and the economics of buffer stock schemes.
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9 Mar 2023
True Scale of Plastic Pollution in the Oceans is Revealed
A new study finds that estimates of the scale of plastic pollution in the world's oceans has been vastly underestimated. The trillions of plastic particles weigh roughly 2.4 million metric tonnes...
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8 Mar 2023
Cost Benefit Analysis - Is it worth having kids?
It's often said that economists know the price of everything and the value of nothing. So watching this clip might confirm you in that view. However, if you're able to get over that concern, you'll...
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8 Mar 2023
Money Minders: Central Banks and their roles in an economy
Here is a video of a talk given by Professor Jagjit Chadha to the Marshall Economics Society at Cambridge in March 2023. It covers the roles central banks play in the world today and how they...
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8 Mar 2023
Offshoring and Branding - Toblerone removes mountain peak from packaging
An interesting story about offshoring and the implications of this for the Toblerone brand, as they are no longer able to use the Matterhorn image on its packaging. Mondelez are going to start...
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8 Mar 2023
Price Elasticity of Demand - Tesla cuts prices again to lift sales
A nice bit of applied microeconomics for you; why have Tesla dropped the price of their cars again? Is it to offset the effects of the cost of living crisis, and attract buyers at a time when...
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8 Mar 2023
Economic Development - Are Cash Transfers Crucial in Cutting Poverty?
Cash transfers have become one of the main social protection tools in the developing world. This short topic video looks at the debate over the effectiveness of cash transfer programmes in low and...
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7 Mar 2023
Market Failure and Government Intervention - The row over London’s ultra-low emission zone
London's Ultra Low Emissions Zone (ULEZ) is in the spotlight again, with the undoubted benefits of cleaner air, and a reduction in the negative externalities associated with air pollution being set...
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6 Mar 2023
Rising Costs May Delay HS2 Again
The beleaguered HS2 railway is again in the spotlight with the current inflationary environment having pushed up costs and the CEO of the project admitting that aspects of it might be delayed as a...
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6 Mar 2023
Fiscal Policy and Aggregate Supply - America’s $2 Trillion Green Boost
This Economist clip looks at the recent American fiscal stimulus programme, via a package designed to boost private sector investment, especially in green infrastructure and chipmaking. and to...
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5 Mar 2023
European Central Bank investigates "greedflation"
The ECB has announced that it will be look out for instances of price gouging and the possibility of EU firms using the current inflationary environment to increase their profit margins, exploiting...
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5 Mar 2023
Rail fares in England and Wales rise by 5.9%
The annual increase in regulated rail fares has been announced as 5.9%, and it is always greeted with controversy - but more so this year because services on some parts of the rail network have...
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3 Mar 2023
Economic Development - Why is Africa Poor?
Economic historian Nathan Nunn asks this question in the first of a new series of videos on aspects of economic development produced by Discover Economics and the CAGE Research Centre
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3 Mar 2023
Working Poverty - Women in UK ‘more likely than men to be on low pay and struggling’
New research from the Living Wage Foundation finds that millions of women in the UK – often cleaners, catering staff and care workers – are likely to be trapped in low-paying, insecure and...
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3 Mar 2023
Caledonian Sleeper rail service to be nationalised
An important and useful applied example of nationalisation here. The Scottish Government has decided to end the contract that Serco has to run the iconic albeit loss-making Caledonian Sleeper...
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1 Mar 2023
Monopoly - Eli Lilly cuts prices of insulin by up to 70%
Eli Lilly has announced a series of price cuts that would lower the price of the most commonly used forms of its insulin by 70% in the United States. This is for a product whose marginal cost is...
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28 Feb 2023
Comparative Advantage: How did Helsinki become the mobile gaming capital of the world?
This is an awesome short video from the BBC that covers key concepts such as human capital, external economies of scale, dynamic efficiency and much more besides. Finland has become home to some of...
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28 Feb 2023
Should Sri Lanka change their development model?
The economic and financial crisis that has engulfed Sri Lanka has had immediate and very damaging effects on poverty and living standards. According to the World Bank, extreme poverty nearly...
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28 Feb 2023
The Death of Globalisation?
Ideal enrichment and extension for Year 13 Economists. Professor Ian Goldin from the Oxford Martin School explores globalisation, and asks how far the world is fragmenting politically and...
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