Electric cars threaten oil corporations
This FT clip looks at the implications of electric cars for the oil industry - what is the nature of the cross price elasticity of demand for electric and petrol-powered vehicles? - and the...
Sterling's value as a macro shock absorber
Is the almost twenty per cent depreciation in the sterling effective exchange rate index a significant shock absorber for the British economy? MPC member Ben Broadbent (formerly of Goldman Sachs)...
Competition rather than central bankers have kept inflation low
Tempers are fraying at the highest levels of economic policy making in the UK. Theresa May, at the Conservative Party conference, emphasised the “bad side effects” for savers of the Bank...
Netflix subscriber numbers soar - is 'video streaming' still a highly contestable market?
Here at tutor2u we've often quoted the video streaming market as one that could be classed as a good example of a highly contestable market. This is on the grounds that the market contains some of...
Will the pound's fall help the UK economy rise?
Larry Elliott's piece here in the Guardian looks at the implications of Brexit, both for the pound in the short-term and the whole economy in the longer term. He reiterates the view that the...
200 Years On - How Relevant is Ricardo?
It has been an article of faith amongst economists and policy makers that free trade is a Good Thing. Trade liberalisation was a key feature of the world economic order enforced by the United...
Tragedy of the commons for Mauritanian fishermen
Here is an excellent illustration of the 'Tragedy of the Commons' - where a common resource is over-exploited and eventually used up, this BBC clip looks at fishing off the coast of Mauritania,...
South Korea's corporate fiefdoms
The South Korean economy remains dominated by family/clan run conglomerates. Is this a barrier to the economy continuing to operate on the technological frontier and cementing itself as an...
Gender pay gap widest when people are in their fifties
The TUC have analysed the gender pay gap and discovered that it exists at all ages, but is most marked when women are in their 50s, largely as a result of caring for elderly relatives or children.
Power Blackouts and Elasticity of Supply
The National Grid have assured everyone that there's enough spare capacity to ensure that the lights won't go out this winter.
Economics News quiz - w/e 14 October
Here's a 6 question quiz on economics news stories from the week as a starter your upcoming lessons.
Monopoly versus Monopsony as Unilever takes on Tesco
This is a battle between Britain's biggest food retailer and one of the world's largest consumer products manufacturing businesses that has economics teachers salivating!
Join Us Later this Term for A Level Economics Strong Foundations
We are experiencing high demand for places on the upcoming student exam performance workshops designed for all Yr13 A Level Economics students - Strong Foundations.
Benefits and costs of a depreciation of a currency
The effective exchange rate index for sterling has taken quite a pounding in the days since the Brexit vote. The pound has fallen sharply against the US dollar, the Euro and many other currencies;...
Trumponomics
God forbid the polls (including FiveThirtyEight) are way out, but just in case, here is a new primer from the Financial Times on the economic "policies" being put forward by the Donald. What does...
Ha-Joon Chang on Free Markets
Ha Joon Change has argued that it is a myth there is such a thing as a free market. In this short video he explains why.
Join Our Economics Teacher Virtual Staff Rooms!
Need a little support for your GCSE or A Level Economics teaching? Join our Virtual Staff Rooms!
A Level Economics Course Companions
We are delighted to announce the completion of our suite of digital Course Companions to support teachers and students preparing for the first linear A Level Economics exams in June 2017.
Lesson starter - $40 to hold your newborn!
Here is a picture that can be used as a possible lesson starter that is sure to get some discussion going. Many students will know that the US Healthcare system is privately provided and therefore...
World Trade Report 2016
The WTO 2016 Report came out this week – there is a short video here. It focuses on measures to make the global trading system more inclusive. Often the fixed costs involved with trade can be...