Economics Weekly Quiz | 27 October 2023
Here's this week's economics news quiz.
In the News Teaching Activity: The Market for British Apples (Oct 2023)
According to the British Apples & Pears website, in 2023 an apple a day keeps the doctor away, but costs for suppliers have risen. Have a go at this free teaching activity, which includes a...
Consumer Subsidies - Heat pump grant boosted by 50%
Here is an example of a subsidy in action, although you might also use this article to reflect upon price elasticity of demand. Today the government are increasing the subsidy for the installation...
UK's Real Living Wage Rises to £12 per hour
The Real Living Wage - a voluntary commitment by firms - is rising to £12 per hour today (£!3.15 in London) , a rise of 10%.So far this covers 14,000 employers and 460,000 workers, so why do firms...
In the News Teaching Activity: South Korea Agrees To Extend Free Trade With the UK (Oct 2023)
Britain and South Korea extend low or zero tariffs on their bilateral trade of products with parts from the European Union avoiding high tariffs on British businesses under so-called rules of...
Rachel Reeves - The Women Who Made Modern Economics
It is likely, perhaps probable that Rachel Reeves will become the UK's first female Chancellor sometime in 2024. So her new book has been much anticipated not least because it covers some of the...
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...