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South African Rand in Freefall - The Barmy Army's Take!
The South African rand is in freefall at the moment and England's Barmy Army watching the test match the other day decided to poke some gentle fun at their hosts. This would make a great starter...
The Big Short - Organise an Economics Class Trip!
I saw The Big Short last night - it has Oscar winner written all over it, especially a fantastic performance from Steve Carell. Why not organise a class trip for Economics students? The Big Short...
Beyond the Bike lesson resource - analysing the impact of Uber
This week's Beyond the Bike lesson resource provides students with the opportunity to examine Uber more closely using their Theory of the Firm knowledge, as well as assessing the growth and...
Aggregate Demand and Aggregate Supply Lesson Resource
A great idea to get students thinking about AD-AS using Pinterest.
The Price of Blue and Pink - Gender Pricing Under Scrutiny
There has been a lot of coverage in the media in recent days about a cluster of surveys which appear to show evidence of gender-pricing for more or less identical products - in other words price...
Asda cuts costs to counter the onslaught from Lidl and Aldi
Political scientists often talk of the 'squeezed middle' and this appears to be what's happening in the supermarket sector. Asda appear to be feeling the pinch, and are looking at having to retrench.
Customer apathy limits banking contestability
This little snippet on the BBC website flags up the relative lack of 'market churn' in the banking sector, and perhaps the lack of competition in the sector. Customer inertia has meant that the...
25 stories on Market Failure
Here's a whole heap of news and theory on Market Failure.
Is private sector debt sinking China?
The eyes of the financial and economics worlds are now focussed on China. A fascinating perspective was provided last week in the leafy borough of Kingston upon Thames. The university has recruited...
Oxfam report on wealth inequality - flaws in the data?
You may have seen the news this week that Oxfam have released a report suggesting that 1% of the world's population now owns 50% of its wealth (I like this resource from Oxfam, aimed at GCSE...
Profound challenges for the UK steel industry
This Channel 4 news report focuses on the planned job losses at the Port Talbot plant in South Wales, where 750 posts will be cut.
Inflation - Explained
This is a short introductory primer on inflation from the Guardian.
The National Health Service (NHS) Explained
I am teaching fiscal policy at the start of this term and when I get onto government spending and debates about the size, scope an financing of state-provided goods and services, this Guardian...
Market Failure: 8 resources on Market Failure
Here are some recent resources on market failure - especially externalities and demerit goods
Cheap imports force UK pig farmers out of business
The Chinese economic slowdown, Russia’s ban on European food imports and cheaper pork products from other EU producers are combining to create a perfect storm for many of the UK's pig farmers.
Renewable Energy and Global Economic Growth
Achieving a 36 per cent share of renewable energy in the global energy mix by 2030 would increase global gross domestic product (GDP) by up to 1.1 per cent, roughly USD 1.3 trillion, according to...
Do Transnational Corporations pay Higher Wages?
Here is some new research relevant to the debate over the benefits and costs of foreign direct investment in both lower, middle and higher income countries.
Global PC Sales Continue to Decline
More evidence here of the structural decline in sales of PCs in the global computer industry.
The economic impact of airport hubs - lesson resource
This week's Beyond the Bike resource provides a perfect data response lesson for those teaching transport economics or globalisation at the moment, as we consider the economic impact of airport...