Who cares more about inequality of income - the US or Norway?
Any student keeping abreast of economic news this week would see that inequality of income has cropped up quite often. President Obama said it was an issue for the US during his farewell speech,...
A Level Economics Key Term Glossary
We're delighted to announce that Geoff & Ruth's superb new A Level Economics Key Term Glossary is now available in printed form!
Australian Beef Farming and Economies of Scale
This clip looks at how Australian beef farmers have responded to rising demand from Asian consumers, led by Australian Agricultural who have made the most of their economies of scale and added new...
Is Robbie Williams price gouging on resale tickets?
The issue of ticket touting has been in the news recently. However, the story here is not the fact that these tickets have appeared on secondary ticket sites but that they've been placed there by...
Could a national maximum wage work?
On Tuesday's Today programme, Jeremy Corbyn suggested that introducing "maximum pay" would be an effective way of reducing inequality and tackling the issue of overly-high pay in the boardroom (see...
Inequality in the UK
Jeremy Corbyn announced in an interview on Tuesday that inequality in the UK has been getting worse. He is both right and wrong - because your take on inequality depends on which data you use.
US protectionism before Trump
This short FT video looks at the long sweep of history in the United States over the scale and scope of import tariffs. Import tariffs and a strong currency tend to cancel each other out. Will the...
Fixing Globalisation – Jim O’Neill in conversation with George Osborne
This is a 17 minute interview that might be used an enrichment for students evaluating the challenges to globalisation.
The End of China Inc?
This is a follow-up to the blog about Robert Peston's analysis of prospects for the Chinese economy. I think this report from Al Jazeerah is significantly better - not least because of some...
BBC This World - The Great Chinese Crash (2016)
My Year 13 economists are starting serious preparation for an essay on China in their final preU exam this June.
Countries that Export Printing Presses
This has to be a go-to example of first mover advantage and retaining competitive advantage!
eSports Earnings Rival Real Sports!
Like them or loathe them but the highest-grossing players in E-Sports are now earning big league prize money. This league table provides the evidence.
My Top 30 Books for Economics and Business Reading in 2017
Here is my updated listing of thirty books for superb enrichment reading over the next twelve months!
Scotland's Baby Box Scheme
The Scottish Government is committing to spending £6m a year to roll out their Baby Box scheme.
Economics News Quiz - w/e 06/01/2017
Happy New Year to you all! Here's this week's 6 question Economics News Quiz for use in your classes early next week.
Toxic Diesel Fumes Prompt Calls for Control
Not good news for diesel car owners - or the environment - as a new report from the International Council on Clean Transportation (ICCT) makes clear. In it, they reveal that diesel cars produce 10x...
Shut Down Point in Action: Jamie Oliver Closes 6 Restaurants
Here is a good contextual example of the shut-down point in action. Six of the 42 Jamie's Italian restaurants are to close down with the business citing rising variable costs caused by the slump in...
Crash and the Michael Fish Moment for Economists
Here's a summary from the BBC regarding the similarities between Michael Fish's hurricane-forecasting disaster from 1987 and the failure of central banks to correctly forecast the financial crisis...
UK Economy Defies Brexit Predictions
The FT returns to work, with Martin Sandbu and Chris Giles looking at the post-Brexit economy, pointing out that the strong performance of the economy since the Brexit vote has confounded optimists...
Threat's to Mexico's Auto Industry
The news that Ford has cancelled plans for a $1.6bn Mexican plant and opted to make future electric and self-driving cars in Michigan is part of the growing threat facing the Mexican car industry...