Kinked demand curve: Energy price freeze
Here is a classic micro / market headline for a cold November morning! "British Gas to freeze standard energy tariff."
Dynamic Efficiency: Google Home v Amazon Echo
The $130 Google Home and the $180 Amazon Echo are speakers with built-in AI voice assistants. Both of them sat down for an interview with the Wall Street Journal!
OPEC supply squeeze causes prices to surge
The oil producer cartel OPEC has agreed their first output cut in eight years causing the global price of crude oil to surge by around 9%.
Update on India's Cash Crisis
Factories are already seeing some of the consequences of the withdrawal of high denomination bank notes by the Indian government and the decline in output and employment is have negative multiplier...
Innovation: Mariana Mazzucato
A short two minute video featuring Professor Mariana Mazzucato on the importance of both horizontal, as well as vertical, government policies and investment for innovation led growth.
China clamps down on capital flight
The Chinese are getting twitchy about the amount of money flowing out of the economy, worrying about the possibility of capital flight and have thus introduced restrictions on outward foreign...
The Pirate Ship Dilemma
Here is a short video looking at the Pirate Ship dilemma that reputedly flummoxed Google CEP Eric Schmidt!
How banks make money: Lending spreads
The latest Bank of England Financial Stability report provides a super chart showing average interest rates on loans and savings deposits.
Banking Stress Tests: RBS remains the weakest link
As part of the revamped system of financial regulation introduced since the 2008 global financial crisis, the Bank of England subjects Britain’s leading commercial banks to regular stress tests.
Is it time to abolish the OBR?
Economic forecasts have become a political hot potato. The Office for Budget Responsibility’s (OBR) predictions, presented as part of the Chancellor’s Autumn Statement, have put the government...
The Collapse of GB Energy
The collapse of GB Energy could lead to similar closures of other small energy suppliers.
Climate Smart Farming and Productivity in Kenyan Farms
This World Bank video emphasises the importance of harnessing simple technologies and investing in training to improve human capital as a way of making small-scale farmers in Kenya more resilient...
Electric vehicles at heart of UK industrial strategy
Jaguar Land Rover's announcement that it plans to create 10,000 jobs in the UK was a welcome fillip for the government - however, it's interesting to see that the development of electric vehicles...
Will free air tickets become the norm?
There's never a dull moment when Michael O'Leary's involved. This article looks at how he envisages the future of the airline industry and a possible new business pricing model for Ryanair, based...
Hard Brexit - the EU's Biggest Import Tariffs
Our friends at Trade News Analysis have produced this handy summary of the steepest import tariffs applied by the European Union to non-member nations.
From Cash Cow to Cash Car
A student once left an enormous pile of play-doh on my desk and I didn't know what to make of it! A similar experience awaited employees at a Chinese motor dealership when a small business owner...
Smog and the Clean Air Act
When teaching externalities how about using this clip from the BBC archives?
The Gig Economy and a shrinking Tax Base
An interesting aspect of the 2016 Autumn Statement is evidence that the UK tax base is shrinking as a result of the move towards the 'gig economy'.
The Arms Race for Speed in Financial Markets
In this report from BBC Newsnight, David Grossman investigates how traders are using algorithms to make millions and how millisecond differences in the speed of signals from A to B can make a huge...
Update on Trumponomics
We will be adding resources to this blog entry on the economic fall out from the election of Donald Trump as President.