Should the UK Government support the British Steel Industry?
What are the competing arguments for and against government intervention to support the steel industry during these difficult times? If intervention is justified, what forms should it take and will...
Unlikely Events - Lessons for Economists from Art and Sport
Life imitates art, as the sporting world has shown this week. The Grand National was won by a horse which had never previously won a steeplechase. The US golf Masters was won by Danny Willett, who...
OCR F585 Economics - Extract 5
This revision presentation covers aspects of Extract 5 for the OCR F585 Global Economy paper - the main focus is on the structural (supply-side) issues facing the Zambian economy. The presentation...
The Competition and Markets Authority (CMA) has told European regulators that they should block the merger of mobile phone network providers O2 and Three in the UK. For those of you looking for an...
The Current Account and our Imperial Legacy
On the day that George Osborne received some good news on economic growth, figures were released on the current account that showed in the last quarter of 2015 the deficit was 7% of GDP.
Inequality breeds protectionism argues Lagarde
In a speech in Germany this week, the Head of the IMF Christine Lagarde has argued that persistently slow growth and rising inequality are factors encouraging protectionist sentiment. She wants...
OCR F585 June 2016 Key Definitions
This resource brings together many of the key definitions for the June 2016 OCR F585 Global Economy paper.
The Economic Cost of Water Scarcity
A new report from WaterAid highlights the many millions of people who live without access to safe water and also the disproportionate cost for the poorest communities of paying for water supplies.
Primary Dependency - Focus on Angola
The Angolan economy is hugely dependent on the extraction and exporting of crude oil. With with global prices remaining stubbornly low their economy is suffering from a steep decline in export...
The webinar recording and supporting slides from my revision session on Extract 4 of the OCR F585 June 2016 Global Economy paper are provided below.
The slides and webinar recording from my revision session covering Extract 3 for the OCR F585 June 2016 Global Economy paper are provided below.
Calculation worksheet for Indirect tax and subsidies
Here's a 5 minute worksheet asking students to calculate various elements based upon figures shown in diagrams for an indirect tax and a subsidy for two normal goods. This would be a nice little...
Banks and steel: thorny problems in economic theory
The potential closure of the Tata steel plants, and the plight of Port Talbot is a tragedy for those directly affected. A key question is: if the banks could be saved, why not steel? From a purely...
I've been doing some research today on macro economic policy conflicts in preparation for a hoped-for joint webinar between the Bank of England and tutor2u as the next instalment of our...
OCR F585 Economics - Extract 1 - Globalisation and Trade
Provided below is a recording of my 30 minute revision webinar on OCR F585 Economics - Extract 1 - Globalisation and Trade and also the slides used in the presentation.
Here is a recording of my 40 minute revision webinar on OCR F585 Economics - Extract 2 - Globalisation and Balance of Payments Imbalances and also a copy of the slides used during the session.
Scotland the Feckless
A short visit to the Highlands last week was refreshing. The scenery is just as spectacular as ever, and the people just as welcoming. But elsewhere, the tectonic plates are shifting. Last week, a...
Revision Tweets on the Zambian Economy for F585
Zambia is a factor-driven developing country and has enjoyed strong GDP growth in recent years. But global economic headwinds are now turning against Zambia. As the main chosen country for the OCR...
A Brief History of Industrial Revolutions
Oxford Economist Ian Goldin on how a new nervous system of information of 5 billion connected people will define our time - all fascinating stuff at whatever stage of the life cycle we have reached!
Macroeconomic Profile for Zambia
This is an updated three slide economic profile for Zambia. It looks at the main macroeconomic indicators and provides an evaluation of the main barriers to growth and development facing this...