Category
In the News
Economic and Financial Crisis Deepens in Ghana
Ghana's economy has been struggling in recent years due to a combination of factors, including high inflation, a depreciating currency, and rising debt levels. As a result, many people in Ghana are...
$106,000 for the car purchase rights in Singapore
This is a fantastic real world example of the use of market to try to correct a market failure, with the certificate of entitlement required to purchase a family car having risen to $146,002...
Economics Weekly Quiz | 06 October 2023
Here's this week's economics news quiz.
Are Nigeria's economic reforms failing?
This Reuters clip looks at the reforms associated with President Bola Tinubu have stalled - the relaxation of foreign exchange controls has seen the naira depreciate, a widening of the official and...
Who should pay to clean up the UK's rivers?
It will be interesting to see what OFWAT makes of the business plans of the UK's water companies this week, and, as a result, the extent to which they are able to pass the costs of infrastructure...
Economics Weekly Quiz | 29 September 2023
Here's this week's economics news quiz.
UK Economy - A Selection of Articles
Lots of comment and analysis pieces on the UK economy have been published in the last few days. Here is a selection.
The BEE Network - Manchester's Buses are Renationalised
Greater Manchester has taken the bus network back into public ownership. Services on the BEE network will be franchised to private companies to run but the local authority will set the fares,...
Economics Weekly Quiz | 22 September 2023
Here's this week's economics news quiz.
Why Table Mountain holds a clue for the path of UK interest rates
Table Mountain is an iconic flat-topped mountain located in Cape Town. At the summit of Table Mountain, you'll find a large, nearly level plateau that stretches for approximately 3 kilometers...
AI - positive for jobs but could widen the regional divide
This is the sort of article that I love because it dispels an economic myth, in this case, the lump of labour fallacy, that says that there are a 'certain number' of jobs to go round in an economy...
Rishi Sunak set to rip up net zero policies ahead of election
A major environmental policy u-turn appears imminent judging from the steady flow of leaks hitting social media at present. Prime Minister Sunak may opt to rein back on policies such as the ban on...
Economics Weekly Quiz | 15 September 2023
Here's this week's economics news quiz.
Are loyalty cards being used to conceal price increases?
Consumer group Which? are of the view that two of the UK's biggest supermarkets - Tesco and Sainsbury's - are being less than straightforward with their pricing policies, and are using loyalty card...
What will it take to control AI?
What will life be like with another five years of deeper and wider capabilities in artificial intelligence? Two prominent figures - Yuval Noah Harari and Mustafa Suleyman - are brought together to...
Changing Global Labour Market - The Rise of Online Gig Work
This World Bank video clip looks at the rise of online gig work - the opportunities and the challenges that the growth of the sector poses. The World Bank are of the view that online gig work is...
Trade and Competitiveness - EU Launches Probe into Chinese Electric Car Subsidies
Is a new trade war in the offing? “Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our...
Dynamic Pricing - Leading pub brand plans to charge more at peak times
The owners of the Slug & Lettuce and Yates’s pub brands plan to raise prices at 800 venues during peak times to help cover soaring costs. Dynamic pricing is used in many sectors ranging from...
Economics Weekly Quiz | 08 September 2023
A warm welcome back to the new term! Here's the first weekly economics news quiz of the academic year!
Competition Authority to investigate high fees and low price transparency in the UK vet market
The Competition and Markets Authority are looking into the veterinary sector, concerned about how much people are being charged for treatment, largely as a result of a lack of price transparency in...