Blog and updates
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17 Oct 2022
RIP Trussonomics - The Chancellor's Emergency Fiscal Statement
Trussonomics is over. I've had cheese in my fridge for longer than Trussonomics has lasted. Here are the key points from the statement issued by the newly-installed Chancellor, Jeremy Hunt.
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17 Oct 2022
NHS investment boosts economic growth
A new report from health consultancy Carnall Farrar claims that every £1 invested in the NHS translates into an overall economic return of £4 in the local area. This is a good example to add to...
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17 Oct 2022
Siemens CEO calls for EU import quota for wind turbines
Renewable energy economics meets trade protectionism in a fantastic applied example for your Year 13 macroeconomics!
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16 Oct 2022
Marginal Cost - Why are Olympic Curling Stones so expensive?
Business Insider provide us with another luxury good video, this time curling stones, with each stone costing over $600.
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15 Oct 2022
IMF meetings expose the fragility of the world economy
Larry Elliott's piece for the Observer is, I think, astute about the implications of last week's IMF meetings. It seems that the 2008 global financial crisis spelt out the dangers of...
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14 Oct 2022
Trade-Offs in Action - India's solar-powered future clashes with local life
The global rise of solar power seems unstoppable, and in the Indian desert, a new solar power farm at Bhadla Park has the capacity to generate significant electricity.
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14 Oct 2022
Is another debt crisis looming for emerging countries?
Are we reaching a critical juncture for developing economies - and the brink of another debt crisis?
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14 Oct 2022
Chancellor Kwarteng is sacked
The Chancellor of the Exchequer, Kwasi Kwarteng has been sacked after serving just 38 days in the job. Jeremy Hunt will take his place.
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13 Oct 2022
Exploring the gap in regional household disposable income
I suspect many Economics teachers have been using the concept of disposable income with great frequency in recent weeks. Most forecasts predict that in 2022-2023, there will be a significant fall...
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13 Oct 2022
UK government may launch fuel price comparison website
If you provide better information, then markets operate more efficiently. This is what economic theory would suggest, and it seems that the operation of the petrol market in Northern Ireland has...
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12 Oct 2022
Will the UK government cap renewable industry revenues?
A lovely applied example Here of the complexities of policymaking. In tackling the energy crisis, the government is looking to cap the price that renewable energy sources are able to charge for...
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11 Oct 2022
Can China’s electric car boom last?
This article looks at the booming e-vehicle market in China and makes the point that China is expected to register 6 million electric cars in 2022, revised upwards from 5.5 million, representing a...
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11 Oct 2022
Crucial days ahead for financial stability in the UK economy
The Bank of England is sending some serious messages to the financial markets - and pension funds in particular - that they see significant risks to the financial stability of the UK economy.
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11 Oct 2022
Price Mechanism in Action - Californian Drought Raises Grocery Prices
A short video here from Reuters which offers a neat applied example of supply and demand in action. I might use it when discussing price volatility.
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11 Oct 2022
Poverty Reduction - Half of Poorer Countries have cut Health Spending since Covid
Some rather depressing research from Oxfam reveals that budget analysis shows that post-Covid health spending has fallen in around a half of the poorest countries and that welfare spending and...
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11 Oct 2022
Carbon offset market comes under scrutiny
This FT video looks at the carbon offset market - suggesting that the voluntary carbon offset market isn't working as it should, with the impact of carbon removal projects minimal and avoidance...
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11 Oct 2022
Dynamic Pricing: Ticketmaster pricing system criticised
A BBC news article on dynamic pricing should be hard for Economics students to ignore! In adopting a dynamic pricing model what are Ticketmaster trying to achieve, and to what extent is this...
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10 Oct 2022
Barriers to Trade - Applied Examples and a Retrieval Activity
We have been covering trade protectionism in class over recent days. As always there is a wealth of current applied examples to consider when analysing and evaluating.
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10 Oct 2022
Amazon to invest $1 billion in electric vehicles and charging hubs
Investment decisions by leading businesses may well have a notable impact on the speed with which the UK transitions to low-carbon transport. This news from Amazon provides a terrific example of a...
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