Has baby boomer spending kept inflation high in the UK?
This is a fascinating article, highlighting a potential reason why inflation is staying high: high levels of expenditure from baby boomers who've benefitted from economic circumstances.
Meet Digit - Amazon's Customer Fulfilment Robot
Amazon has been a pioneer in implementing automation. They have stated that the goal is not to replace employees but to improve efficiency. The arrival of Digit in fulfilment warehouses reported...
Economics Weekly Quiz | 20 October 2023
Here's this week's economics news quiz.
In the News Teaching Activity: Claudia Goldin Awarded Economics Nobel for Work on Women’s Pay (Oct 2023)
Professor Claudia Goldin’s research has ‘advanced our understanding of women’s labour market outcomes.’ She is the third women to win the Nobel Prize for Economics. Have a go at this free teaching...
A-Level Economics Update Magazine | Issue 4 | Digital Edition
Here is a digital download of the 4th edition (Autumn/Winter 2023) of our popular free magazine for all A-Level Economics students.
In the News Teaching Activity: IMF Predicts That UK Economy Will Have Highest Inflation and Slowest Growth in the G7 in 2024 (Oct 2023)
The IMF forecasts that the UK’s growth rate for 2024 will be just 0.6%, in part, because higher interest rates are needed to reduce UK inflation. The UK government believes this is too pessimistic...
Pakistan's Endless Economic Crisis
This Bloomberg clip looks at the state of the Pakistani economy, highlighting the problems that the country faces, and how it has lagged behind its neighbour India. Pakistan's 36% inflation has...
Economics Weekly Quiz | 13 October 2023
Here's this week's economics news quiz.
Effects and Responses to the Great Pacific Garbage Patch
This lengthy Economist clip looks at the extent to which plastic waste, including the Great Pacific Garbage Patch as it is called, poses a threat to the environment, and, as a consequence, the...
Debt burdens threaten progress in cutting absolute poverty
The incoming head of the World Bank, Ajay Banga, has spoken out about the extent to which the debt burdens of developing economies impinge upon their developmental prospects. He argues that unless...
In the News Teaching Activity – the CMA investigates the UK’s cloud computing market (Oct 2023)
The UK's cloud computing market is under scrutiny for being dominated by Amazon and Microsoft.
Claudia Goldin wins the 2023 Economics Nobel
To widespread acclaim, Claudia Goldin has been awarded the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for having advanced our understanding of women’s labour...
In the News Teaching Activity: The UK’s Poor Public Sector Investment Record (Oct 2023)
Inconsistent and fluctuating public sector investment, such as the recent cancellation of Birmingham-Manchester HS2, is contributing to the UK’s poor investment performance. Have a go at this free...
Drag on Incomes from Fiscal Drag equivalent to a 5% tax rise
Another outing for the concept of fiscal drag, with the Resolution Foundation quantifying the effects of freezing income tax thresholds, noting that as a result, by 2028 the Treasury can expect to...
Liverpool is going to follow Manchester's lead, reverse deregulation of buses, and bring them back under public control, via franchising.
Economic and Financial Crisis Deepens in Ghana
Ghana's economy has been struggling in recent years due to a combination of factors, including high inflation, a depreciating currency, and rising debt levels. As a result, many people in Ghana are...
$106,000 for the car purchase rights in Singapore
This is a fantastic real world example of the use of market to try to correct a market failure, with the certificate of entitlement required to purchase a family car having risen to $146,002...
Economics Weekly Quiz | 06 October 2023
Here's this week's economics news quiz.
Scientists have found evidence that 23m people in the world are living on ‘contaminated’ flood plains due to metal-mining pollution. Have a go at this free teaching activity, which includes a...
Are Nigeria's economic reforms failing?
This Reuters clip looks at the reforms associated with President Bola Tinubu have stalled - the relaxation of foreign exchange controls has seen the naira depreciate, a widening of the official and...