The Global Economy in 2016
Here's the news before it happens, in the Economist's 30 minute overview of what to expect in the global economy in 2016.
Money in the modern economy
This introductory video from the Bank of England provides a useful introduction to the concept of money and its purpose in a modern, market economy.
Amazon and Morrisons strike deal - non-price competition in the supermarket market
Reports out today say that supermarket giant Morrisons (4th largest supermarket chain in UK) has struck a deal with Amazon, allowing for the delivery of some of its products using the Amazon Prime...
Five Minutes with Robert Shiller
The eminent Yale economist and Nobel Winner Robert Shiller faces five minutes of questions
UK household income and inequality: where do you fit in?
This new interactive graphic from the Office of National Statistics allows you to find out where your household / family fits in the distribution of income in the UK.
Central banks in a Prisoner's Dilemma according to ex BoE Governor
The former Governor of the Bank of England has a new book to sell so headlines linked to serialisation of his page-turner about the imminent risk of another financial crisis are perhaps to be...
Why we need a 21st century view of how the economy works
This extended article from the Evanomics website is a superb enrichment piece for ambitious Year 12 and Year 13 students. The piece is written by Nick Hanauer is an entrepreneur and venture...
Mercedes-Benz swaps robots for people
Mercedes are altering the nature of their production line - moving away from maximising automation in favour of nimbler robots working alongside human employees. The aim is to reduce production...
Invisible Hand in a Perfectly Competitive World
A nice little animation that illustrates the market mechanism in a perfectly and imperfectly competitive world.
Beyond the Bike Lesson Resource - dictators and their economic legacy
Following on from Stuart's earlier blog post about benign dictatorships, I've put together a simple lesson resource using the "speed dating" approach that is a firm favourite here at tutor2u. This...
Should BT be broken up to stimulate competition?
The Communications regulator Ofcom has told BT that they have to allow competitors to use their telegraph poles and cable ducts more easily than they currently do in order to improve the overall...
The Economics of Brexit - Interviews from the NIESR Debate
If Britain leaves the EU, what next for the economy? The National Institute of Economic and Social Research recently held a debate on many of the issues and our friends at Econ Films were there to...
Game Theory and Cameron's EU Deal
The Brussels deal: would Cameron have done better if he had gone to Cambridge?
Market Failure and Akerlof’s Lemons
One of the key factors to cause a market to fail is a lack of information. George Akerlof was awarded the Nobel Prize in economics for his work on the second hand car market. He observed how...
Corporation Tax Cuts and the UK Current Account Deficit
In this new blog, Ed Conway from Sky digs deeper into the latest IMF working report on the UK economy to focus on the fact that in 2014, the UK economy ran the highest current account deficit of...
Electric Cars and the S Curve - What Impact on Global Demand for Oil?
A thought-provoking animated video here from Bloomberg News. There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. But what if...
Aston Martin to Build Cars in South Wales
Good news announced here for an area of the country more readily associated with declining economic fortunes:
How the sausage illustrates the issues surrounding UK's membership of the EU
Here's a short but interesting video from the BBC illustrating how the issues surrounding the humble sausage demonstrate some of the concerns that arise from the UK's EU membership. The clip says...
Economic Crisis in Venezuela
The Venezuelan economy has the highest rate of inflation in the world and is in the midst of a severe economic and social crisis. This Storify curates resources for students wanting to understand...
Reducing poverty - the importance of aspirations
Living in poverty curtails a poor person’s capacity to aspire, according to research by Patricio Dalton, Sayantan Ghosal and Anandi Mani, published in the February 2016 issue of the Economic Journal.