Blog and updates
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3 Dec 2022
Elasticity of Demand Revision Resources
Here are a couple of revision resources covering elasticity of demand.
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2 Dec 2022
Monopsony Power - farmers making tiny profits as supermarkets reap record profits
Research by food charity Sustain reveals the remarkably low profit margins being earned by the UK's farmer for essential items - cheese, bread, apples, carrots and beefburger. They earn 1p on a...
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1 Dec 2022
UK Economy Update December 2022: Watching for Signs of Recession
In this regular video update we look at some of the key stats on the UK to help take the temperature of the economy and assess whether or not a recession is happening and how deep and prolonged it...
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1 Dec 2022
Which UK country has the highest student debt?
There are big concerns about the burden of student debt, high interest rates and the cost of loans to the taxpayer. Let’s take a quick look at the figures.
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1 Dec 2022
Who are Britain's Biggest Mortgage Lenders?
Housing economics is always topical, and the mortgage market is a key one to study. So, who are the UK’s largest suppliers of mortgage finance for would-be home-buyers?
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30 Nov 2022
Energy Regulation - Ofgem tells energy firms to invest without increasing bills
OFGEM has reviewed the way in which the energy network is being run and have announced that those companies responsible for managing local networks, including Scottish and Southern Electricity...
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30 Nov 2022
Sterling and the UK Economy
Another day, another exam essay walkthrough! We've just posted an answer to this question: Assess the view that a depreciation of the pound against other currencies is likely to improve the UK’s...
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29 Nov 2022
Economic Development - South Africa Turns to Solar to stop Power Cuts
This article is remarkable if only for the statistics relating to the take up of solar power in South Africa. For a country with 8 to 10 hours of sunshine per day to only generate 0.9% of its...
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29 Nov 2022
Sustainable Growth - Turning Tofu Waste Into Natural Gas Helps Clean Rivers In Indonesia
Business Insider does luxury and the circular economy very well - in this case, the latter is covered, with the waste water from tofu manufacture being converted into biogas to provide fuel for...
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29 Nov 2022
Price Discrimination and Economic Welfare
In the latest in our series of exam question walk through videos, I look at whether price discrimination is damaging to consumer welfare. We hope these videos are useful in showing how to build...
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28 Nov 2022
Energy Update: News Stories on the Cost of Living Crisis
Lots happening in the UK energy sector at the moment. Here is a quick potted summary.
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28 Nov 2022
Training Places - Apprentices quitting over poor quality of schemes
The poor standard of vocational training in the UK has been a perennial curse, damaging the economy's supply-side perforrnance, and it seems that even the latest round of reforms has done little to...
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27 Nov 2022
Poverty and Inequality - Cost of Living Crisis hitting most deprived areas hardest
The distributional effects of inflation have never been evenly spread, and this ONS survey suggests that people in the most deprived areas are spending markedly less on food and essentials than the...
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27 Nov 2022
Environmental Economics - CO Emissions by Transport Mode
Which mode of transport emits the most carbon in the UK? The latest data for 2022 is out and the message is clear. Flying is by far the least environmentally-friendly method of travel.
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26 Nov 2022
The Economics of Britain's Egg Shortage
Newsnight looks into the ongoing egg shortage in the UK and the impact of avian flu on the nation's birds - including poultry. Factor in rising costs because of higher energy and feed prices, and...
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26 Nov 2022
Jaguar Land Rover reduces production
News of another blow for Britain's beleaguered car manufacturers: Loss-making Jaguar Land Rover are reducing production at Solihull and Halewood on Merseyside in response to the global computer...
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25 Nov 2022
UK Economy Update: Components of Aggregate Demand
In this short revision video we look at data on the components of aggregate demand for the UK economy and consider why 2023 is likely to be a year of a shallow but perhaps lengthy recession.
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25 Nov 2022
UK Economy Update: What is a Tight Labour Market?
In this revision video we explore the meaning of a tight labour market and look at some evidence. We also think about some of the economic effects and how businesses are responding to labour...
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24 Nov 2022
Profit Warning from Dr Martens - Stock traders put the boot in
A lovely case study to bring to bear - Dr Martens have seen a 13% increase in sales, and yet half-year profits have fallen by 5%. What does this imply?
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