Economics News Quiz - w/e 27 January 2017
Here's this week's 6-question multi-choice quiz based on news stories relating to Economics.
Tesco Goes for External Growth with Booker Takeover
A classic example here of backward vertical integration as retailer Tesco has agreed a takeover of wholesaler and logistics business Booker Group.
Keynes's General Theory tops ranking of most influential scholarly books
This week we learned that John Maynard Keynes’s The General Theory of Employment, Interest and Money (1936) had been voted the most significant scholarly work for modern Britain.
Universal Healthcare without the NHS
We British like traditions. A well-established one which comes round every year is the “winter crisis” in the NHS. Health provision is a political hot potato not just for this government, or indeed...
Can we avoid the next financial crisis?
This is a quick video primer on the underlying causes of financial crises featuring three Nobel Laureates - Joseph Stiglitz, Paul R. Krugman and Robert Engle.
Will China rule the world?
An introductory level analysis of the reasons for China's growth, with five Nobel laureates offering a perspective on why China has grown and whether it will become the world's biggest economic power.
The evolution of taxation by cartoonist KAL
This is a fantastic introduction to taxation as part of fiscal policy. On a sheet of graph paper, I'll first get my students to firstly design their own optimal income tax system (and contrast with...
Inequality and Hyper-Globalisation
Paul Krugman, Angus Deaton and Joseph Stiglitz look at aspects of inequality driven by globalisation and pervasive rent-seeking in this short video. Over the long run can we ever close the enormous...
Can Game Theory avoid wars?
Another in the UBS Nobel perspectives series: this time Robert Aumann and Roger Myerson look at the application of game theory to war, starting from the perspective that military preparedness and...
Theresa May's 'Modern Industrial Strategy'
It may be worth reminding students that this year's exams were probably written before Theresa May became Prime Minister and, as such, she's unlikely to get a mention in any questions (I could be...
What is the role of manufacturing in today’s economy?
Manufacturing is in the spotlight as a way to revitalise economies.
The Economist takes a look, and
I’ve summarised some of the article.
Nobel Economics Laureates give advice to Trump
He is not likely to ask for this advice, but this short video has a cluster of Nobel Laureates giving some advice to the President.
This week's Economics News Quiz
Here's this week's Economics News Quiz. 6 multi-choice questions based upon the world of Economics. Nice 5 minute starter for next week or Bell Work exercise as students arrive at your class.
Behavioural Nudges and Environmental Sustainability
Here are some notes on environmental nudges given at a talk I attended by two members of the Behavioural Insights team.
Jim O'Neill defends Globalisation
Jim O'Neill wins today's award for money-for-old rope with an article that defends globalisation. The only way that this differs from a good student defending the issue, is that by using the...
The End of China's Economic Miracle?
This is a blog entry mainly for students who are preparing to take a paper on China for their PreU Economics paper. This is a mighty one hour discussion including George Soros on prospects for the...
Self-Driving Trucks and Creative Destruction
More creative destruction here: Will self-driving trucks replace the need for truck drivers, and what are the implications of this? Automated trucks won't require statutory rest breaks, for...
Play 'Brexit - Deal or No Deal'!
Here’s a fun and not too frivolous resource aimed at provoking discussion and debate about the Brexit negotiation process. It combines the concept behind the popular day-time TV show ‘Deal or No...
The Economics of Charging to use a Book Store!
A bookseller in the Yorkshire Dales was in the headlines last week. He called a customer a “pain in the arse”, and has been the subject of numerous complaints to the local parish council about his...
Is Inequality Set to Decline?
This FT clip looks at the historic factors that have contributed to rising inequality, or at least the perception of rising inequality today, and the subsequent implications of this for populism...