Blog and updates
-
26 Feb 2023
Using Economies of Scale in Exam Analysis
I've just added a couple of short topic videos walking through analysis diagrams showing how economies of scale can impact on business profits and consumer surplus.
-
26 Feb 2023
From Pasta to Turnips - the UK Food System Under Pressure
The BBC news video looks at the cost of living crisis, via food price inflation, highlighting how much food prices have risen in the recent past, and attributing this to the nature of the supply...
-
26 Feb 2023
Are UK managers paid too much?
Phillip Inman's piece for the Observer looks at one of my favourite topics, executive pay.
-
24 Feb 2023
Calls for UK phone repair apprenticeship scheme
Here is a neat applied example of the importance of human capital in improving occupational mobility of Labour. Zoe Kleinman, the BBC's Tech editor visits a business set up to repair some of the 72...
-
24 Feb 2023
Will the British Industry Supercharger scheme work in protecting jobs?
The government has moved to support energy intensive industries - steel, metals, chemicals and paper manufacturing - to ensure that they face a level playing field with their European competitors.
-
24 Feb 2023
Should the Drax Power Station subsidy be cut
It's remarkable that Drax power station, which has seen its profits double, to £731m in 2022 from £398m the previous year, is still in receipt of huge government subsidies.
-
23 Feb 2023
Could UK inflation fall below 2% in 2023?
It seems inevitable that inflation is going to fall rapidly in 2023, but how far will it fall?
-
23 Feb 2023
India - Barriers to Growth in the World's most Populous Country
This in an interesting article, highlighting the fact that India is now the most populous nation in the world, and potentially the source of massive growth in the next few years.
-
22 Feb 2023
Government Failure - Trains in Spain
One for your government failure revision notes! Spain’s secretary of state for transport and the head of the state rail company have stepped down due to growing public and political backlash over...
-
22 Feb 2023
Inequality - Incomes of richest 1% in the USA surge
Both during and after the pandemic, there has been a dramatic upsurge in the share of income going to the richest one per cent of people in the USA according to new data. The top 1% share now far...
-
22 Feb 2023
Marginal Cost - Pret Ditches the Smoothie!
Can you hear Pret customers tearing up their monthly subscriptions? Pret-a-Manger is to stop selling shakes and smoothies because they can't afford it and instead will offer iced-drinks.
-
22 Feb 2023
Does a Four-Day Week Lift Productivity?
A trial involving 61 firms and over 3,000 workers has seemed to validate the notion that a four-day working week has helped boost productivity at the margin.
-
20 Feb 2023
Supply and demand in action - why the price of milk has soared in the UK
Why did milk prices reach an all-time wholesale price record in December?
-
20 Feb 2023
Economies of Scale - How Singapore Airlines Makes 19 Million Meals a Year
How to make 50,000 meals a day and take into account the fact that food can taste different in the sky?
-
20 Feb 2023
Time to rethink how the World Bank operates
One for Year 13 economists. Larry Elliott looks here at the future of the World Bank in the aftermath and asks the pertinent question about whether an institution that emerged in the aftermath of...
-
20 Feb 2023
One Year Universal Free School Meals Programme for London
What a story to start a new week. The Mayor of London is drawing on higher than expected tax revenues from business rates to fund a one-year universal programme offering free meals to all primary...
-
19 Feb 2023
Leprechaun Economics - How real is Ireland's super-fast economic growth?
A debate is raging about whether we can truly believe the super-charged economic growth that is taking place in the Irish economy. Nobel Prize-winning economist Paul Krugman has labelled the rapid...
-
19 Feb 2023
International Competitiveness & Supply-side Policies
In our revision blast session last week, we looked at measures of competitiveness and focused on macro and micro supply-side policies that might help improve the UK's relative standings in...
-
18 Feb 2023
Wonderful examples of cross-industry innovations
This is one of those twitter streams that arrives once in a while and provides a veritable gold-mine of interesting examples of when industries draw on ideas from others to fast-forward the...
Get email updates
Subscribe to our email updates and we’ll let you know whenever new content we think you’ll find useful is added.