Blog and updates
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15 Dec 2022
Has UK inflation peaked?
Are we close to peak inflation in the UK and an easing of the pain of fast-rising prices? UK consumer price inflation eased to an annual rate of 10.7% in November, down from 11.1% in October and...
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15 Dec 2022
Planetary Boundaries: What are they and why shouldn't we cross them?
Here is a short but important primer from the Financial Times on Planetary Boundaries and their significance for sustainable growth. It could be used as a excellent bridging video when teaching and...
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14 Dec 2022
Is the UK heading for a 1970s-style Winter of Discontent?
Strike action is on the rise but how close are we to the industrial strife commonplace during the 1970s?
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14 Dec 2022
Are we reaching a turning point for inflation?
The latest data shows that US inflation is falling - with the rate for November dropping to 7.1%, from 7.7% in October. This is clearly good news - it suggests that the worst effects of the...
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14 Dec 2022
Revising Consumer Surplus
Here are three short revision videos covering consumer surplus.
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13 Dec 2022
Revising the Multiplier
We've just added two short revision videos on the multiplier to our reference section. We cover the formulae for the simple and extended multipliers and work through some example calculations.
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12 Dec 2022
Festive Quizzes for 2022: A-Level Economics
Our annual festive quizzes for A-Level Economics students are here!
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8 Dec 2022
Economics of Autarky - Should Countries Try to do Everything Themselves?
Put simply. No. Autarky isn't the way forward and the static and dynamic benefits of trade are, to most people, self-evident.
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8 Dec 2022
Climate Controversy - First UK Coal Mine for 30 Years Given the Green Light
It is a decision sure to ignite criticism from within and outside the UK. The government has given the green light for a £165m project that is forecast to create about 500 new jobs in Cumbria (a...
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8 Dec 2022
The Year 13 Festive Play-Doh Diagram Challenge
I'll be forever grateful to Ben White for his brilliant idea of using Play-Doh to encourage students to make real the diagrams they seem to draw endlessly in Year 13 micro and macro lessons! This...
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8 Dec 2022
Knowledge, Prosperity and Economic Complexity: How are They Connected?
Ricardo Hausmann is the founder and Director of Harvard’s Growth Lab and this one hour lecture recorded at the Sante Fe Institute in June 2022 is truly superb. I showed it to my Year 13 economists...
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7 Dec 2022
External Debt: World’s poorest countries’ debt interest payments rise 35%
The World Bank are concerned by the fact that next year the world's poorest economies are going to see their debt interest payments rise by 35%.
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6 Dec 2022
How Competitive is the UK Economy?
I've just published a short revision video on key indicators of international competitiveness. Whilst exchange rates and relative inflation rates are important, in the video I look at some of the...
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6 Dec 2022
Is the UK sleep-walking into a food supply crisis?
Here comes another supply-side shock - with the National Farmers Union reporting that higher feed, fertiliser and fuel costs are going to impact on the supply of energy intensive crops like...
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6 Dec 2022
Hearing Aids Merger Under CMA Investigation
As someone who has experienced hearing loss during covid, this economics news is personal. The Competition and Markets Authority are poised to deepen an investigation into the proposed merger...
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6 Dec 2022
Can Britain prevent winter power cuts?
There's a cold snap on the way, and it's going to test the supply-side capacity of the UK electricity generation industry. Or are we likely to experience power cuts this winter?
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5 Dec 2022
UK Economy - Why are so many people leaving the workforce
Richard Partington writing in the Guardian looks at the current macroeconomic concern with the size of the UK labour force. Since the pandemic, the workforce has declined by 600,000 - students,...
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4 Dec 2022
The Human Cost of Amazon's Rush for Speed
Here is a remarkable clip looking at Amazon's fulfilment centres, looking at working conditions and the high risk of repetitive strain injuries with research suggesting that Amazon's employees are...
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3 Dec 2022
Market and Regulatory Failure - Are Big Banks Short-Changing Customers?
It seems that UK mortgage lenders were quick to hike two-year fixed rate mortgage rates in the aftermath of the mini-Budget, but that since then, as money market swap rates have fallen back,...
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