Economics Weekly Quiz - 29 June 2018
Here's this week's economics news quiz. Good luck!
Contestable markets: Amazon buys online pharmacy PillPack
Shares in pharmacy retail chains plunged when news broke that Amazon is entering the online pharmacy market with the acquisition of PillPack. Creative destruction at work in the retail space....
How lab-grown burgers could feed the world
Take a bow Tyler Curtis from Hall Cross School in Doncaster. Tyler is the winner of the Bank of England/Financial Times schools blogging competition with a piece exploring the economic viability of...
Vertical integration: BP buys Chargemaster
Expect a lot more of this as petroleum companies adjust their sights to the rapid growth of electric vehicles. BP has acquired Chargemaster which is the UK's largest car charging firm which...
When it comes to planned capital investment, uncertainty about macro policy including trade can be a big barrier to pushing the button and going ahead with expensive capital projects. I have rarely...
Entrepreneurs taking on the tech giants
Every business can be disrupted. Here are three mini case studies from the FT of businesses looking to challenge the power of Google, Amazon, Uber and Tesla.
Strengthening Competition in Zambia
Competition policy matters for emerging & developing countries. Industries dominated by a handful of large suppliers can lead to higher prices which reduces the welfare of consumers and damages...
Trade frictions inside and outside of a customs union
This graphic displays one of the clearest contextual examples of trade frictions outside a customs union that you could possibly find. Gold dust for the classroom!
Here is a really good contextual example of two ways in which a business can respond to the impact of an import tariff.
East coast rail line back under public control
Is this the first step towards the renationalization of the railways - as the East coast mainline is taken back into public ownership? I doubt it: however, it does cast doubt over rail...
Behavioural Economics: A Very Short Introduction
Gold dust for economics students and teachers! Michelle Baddeley author of a Very Short Introduction to Behavioural Economics picks out ten key things you should know about this aspect of the subject!
Development barriers - child labour in tobacco
An industry whose products kills millions of people every year is also challenged with allowing child labour to flourish in countries where extreme poverty remains rife. The Guardian investigates.
Mini model for teaching Balance of Payments
The Balance of Payments is often a stumbling block for students - not only in confusing it with government budget balances, but also in sorting out the difference between the current account and...
Behavioural economics - much of psychology is built on sand
Criticisms of economics have abounded since the financial crisis. Even Nobel prize winners like George Akerlof of Berkeley have got in on the act. A key demand is for economics to adopt a more...
Macroeconomics Data Calculations
Here are the slides from the macroeconomics data calculations short videos that we recorded ahead of the June 2018 A Level economics exam.
Synoptic Shorts in Economics
Here are slides on synoptic economic issues used as revision for the June 2018 Paper 3 economics paper.
Living standards, poverty and inequality in the UK in 2018
Important new research from the Institute for Fiscal Studies especially for students and teachers wanting to top up their contextual knowledge about the key trends in inequality in the UK.
Getting to Equal in Mongolia's Labour Market
This World Bank clips flags up the growth in female participation in Mongolia's labour force, and the policies that have been adopted to encourage it.
Marshall Society Essay Competition 2018
Here are the details of the 2018 Marshall Society essay competition - a superb enrichment opportunity for Year 12 students!
Continuing our World Cup theme, here's a Powerpoint activity that we've used before but have updated and altered slightly. The World Cup Debate activity is a fun resource that is aimed at...