Liverpool expands their stadium capacity
When teaching elasticity of supply I often use a listing of the stadium capacity of the major Premier League grounds as an example of where supply is fixed at least in the short run. Liverpool has...
The Chasm in Youth Unemployment Rates in Europe
This remarkably pertinent and thoughtful article from the Guardian contrasts two regions of one single market - Calabria (Italy) and Bavaria (Germany) which have vastly different rates of youth...
Oligopoly Price War - Asda Follows Morrisons
Interesting, very interesting. Asda have followed the news the Morrisons is cutting prices, by announcing price cuts of their own. This is classic oligopoly theory in action.
Why Chinese cities will drive the next phase of their growth
The economics of urbanisation, agglomeration economies and other network effects are explored in this article which argues that Chinese cities with a critical mass of middle-income consumers will...
Tease and Squeeze Pricing by the Energy Companies
Is it any wonder that energy companies are perpetually under scrutiny, not least by the Competition and Markets Authority (CMA), when they engage in practices that are so self-evidently...
Economists advise the football clubs! The failure of UEFA's Financial Fair Play regulations
Here's an article that got my interest, not least because it shows how economists may use their skills to investigate and advise about football! Economists from the Technical University of Munich...
Against the grain - a UK tech business on the acquisition path
This is an unusual merger story in that a UK tech firm, Micro Focus is crossing the pond to buy HP Enterprises in an $8.8bn (£6.6bn) deal. In the recent past, most mergers involving UK tech firms...
Government failure - green heating plans branded a 'total waste of money'
If you want an example of government failure, then I give you: Exhibit A. But what does the term mean?
Joseph Stiglitz - Can we make a globalization that works?
Another valuable entry in our series of resources from leading US economist Joseph Stiglitz.
The return of outsider economics
Will the war on inequality and rise of populism see a return to the economics of the 1970s? The FT, in collaboration with Punk Economics, takes a look at the ‘assault on the elites’. When one per...
Inside Silicon Valley - Dot Conned?
This is a superb talk given recently at the RSA by the author Dan Lyons. Lyons reveals the dysfunctional culture that prevails in a world flush with money and devoid of experience. He provides a...
A Short Video History of the iPhone Reveal
A great video to use when studying / teaching product iteration and dynamic efficiency. This clip from CNN brings together the key moments from the iPhone reveals since launch including the new...
Economics News Quiz for a New Term
I'm giving my students a general knowledge / business / economics news quiz to kick off the year and see who has been reading and keeping up to date over the summer! Here are the questions (and...
Martin Wolf on threats to globalisation
Martin Wolf talks here about some of the themes in a major article he has written for the Financial Times on de-globalisation.
The economics super tutor who makes $1 million a year
A short clip that might be used when teaching aspects of labour market economics!
China and Africa: Partnering for Growth
This World Bank looks at the vexed relationship between China and Africa highlighting the mutually beneficial nature of the relationship, both in China and Ethiopia.
Beyond GDP? Welfare across Countries and Time
Two economists at Stanford University in the USA have published a new paper in the American Economic Review surveying an alternative to GDP per capita as a benchmark for economic welfare.
Import Substitution - The Fish Farmers of the Gaza Strip
The fish farmers of Gaza are a resilient group - hamstrung by intermittent electricity supplies and heavily dependent (for the moment) on imports of fish food and eggs from Israel.
China's economic re-balancing explored in 6 key charts
The IMF blog focuses here on the evidence that China is already well down the pathway towards a re-balancing of their economy in order to improve the quality of their growth and make their...
China's export machine increases their global market share
This article is a reminder of the dynamic nature of comparative advantage and the signs already becoming apparent of the subtle but important shift in emphasis in Chinese trade policy away from...