KAL draws... predatory pricing
Unmissable! Cartoonist KAL illustrates dumping when a firm floods a market with cheap goods to undercut the competition. A perfect bridging video for the economics classroom!
RIP Hans Rosling
What sad news today as we heard of the passing of Hans Rosling, the inspirational behind GapMinder and undoubtedly one of the best communicators of data over many years. Some of the tweets below...
Will Chinese living standards ever surpass those in the USA?
Possibly the single most important of the tensions stoked up by President Trump is the rivalry between the United States and China. Economic strength will be the ultimate determinant of this...
Eye scans to charge passengers
I like the prospect of companies utilising novel digital technology: in this case, the Rail Delivery Group have suggested that biometric technology, such as iris scans and face recognition software...
Motorists shun diesel vehicles
Evidence of an interesting shift in the car market with the Society of Motor Manufacturers and Traders (SMMT) noting that demand for diesels is down, reflecting changing consumer tastes.
Explaining High Drug Prices in the USA
This short video from Bloomberg is ideal when teaching the economics of oligopoly, pricing power, the relative bargaining strength of drug sellers and buyers and the extent to which regulation is...
Are economists blind to the failings of the EU?
Why is the economics profession so overwhelmingly opposed to Brexit?
Why does Nigeria import so much rice?
This is a great article looking at the nature of the global economy and asking why Nigeria imports so much rice, given that it can be grown there, and what the implications of this are?
Comparative Advantage: China (Finally) Masters the BallPoint Pen
This is a vivid illustration of the growth challenges facing China as it seeks to move away from "Assembled in China" to "Designed and Made by China."
Saudi Arabia Introduces VAT as Oil Revenues Slump
Very interesting news emanating from Saudi Arabia; the /cabinet have backed the imposition of value-added tax at an initial rate of 5% from 2018 to tackle the ongoing budget deficit. This has been...
ID in a Global Economy - Making Everyone Count
This World Bank clip looks at the consequences of 1.5 billion people not having formal proof of identity and the consequences of this. It also highlights the Bank's attempts to tackle this via the...
Why healthy people have high coverage and those most at risk don’t
A serious problem in countries with private health insurance is that some people get under-insured or have no insurance at all. This under-insurance problem was one of the motivations for Obamacare...
What Full Employment Means
This is an excellent short piece from the Economist exploring the concept of full employment
Short Videos on Price Fixing
Here is a selection of short news videos on real world examples of price fixing in markets
Credence goods and misbehaviour by unscrupulous sellers
Credence goods exist when the seller has specialist knowledge unavailable to the buyer and this information asymmetry can be used by some to gouge higher prices and extract consumer surplus.
Further intervention suggested in Fixed Odds Betting Terminal market
Here's a fascinating example of intervention in a market and potential government failure that you may wish to share with students. An all-Parliamentary report has been released on the Fixed Odds...
Paris experiments with driverless buses
They are small and travel slowly but this short clip hints at further moves towards a smarter and more sustainable transport economics for one of the world's great cities.
Rapid Bus Transit and Growth in Dar es Salaam
A great development economics clip, with the World Bank looking at how the development of the new Rapid Bus Transit system in Dar es Salaam has improved the transport situation in this most...
Alibaba buys Moneygram
Interesting merger story from the US today: the finance arm of Alibaba, Ant Finance, are buying money transfer firm, MoneyGram, subject to regulatory approval. One wonders what Mr.Trump makes of...
Finland aims to be tobacco free by 2040
The Finnish government has introduced a staggeringly ambitious aim to make their country tobacco free by 2040. technically this aim requires consumption of all kinds of tobacco to fall below 2% of...