Economics of Incentives - Cost of charging an electric car nudges closer to petrol and diesel prices
Economics is always about incentives - as made clear here. Rising energy prices have meant that the cost of charging an electric car is now getting close to petrol prices, making electric cars less...
Would households benefit from nationalisation of the energy sector?
The Director-General of the TUC, Frances O'Grady writes a piece that tangential looks at distribution theory and wonders whether the UK energy market generates the desired outcomes, or whether it...
Mortgage Rates Climbing - Impact on UK Economy
With the Bank of England raising monetary policy interest rates, the cost of taking out and servicing the interest on a home loan is also climbing higher. This will hit many home-owners hard in the...
Negative externalities - UK nuclear waste cleanup operation could cost £260bn
The extent to which nuclear waste generates negative externalities is highlighted here because the decommissioning of Britain's ageing nuclear power stations appears likely to cost more than...
Why the fall in sterling keeps petrol pump prices high
You might be forgiven for wondering why there's been a lot of talk about the depreciation of the pound this week. Well, here's a great example.
The Mini Budget - A Chancellor Risking Financial Instability
In more than thirty-five years of teaching economics, I have never encountered anything quite like what was announced by the new Chancellor today in his so-called "mini-budget".
Economics Weekly Quiz | 23 September 2022
Here's our weekly economics news quiz. Unsurprisingly, there's a few questions on Kwasi Kwarteng's mini-budget!
2nd pay rise in a year lifts Lidl to highest-paying supermarket
This is an interesting look at the competition for labour in the supermarket industry with Lidl offering its workers a second pay rise this year, making it the best paying UK supermarket.
Bank of England raises interest rates to 2.25% - highest level for 14 years
By a majority of five to four, the Monetary Policy Committee of the Bank of England has decided to raise interest rates to 2.25% - a 0.5% rise - to the highest level in 14 years.
Competition Policy - Ofcom to investigate tech giants’ dominance of cloud computing
OFCOM are going to look into whether the market for cloud computing services is seeing the abuse of a dominant position by three tech giants, namely Amazon, Microsoft and Google.
Energy Crisis - Germany nationalises energy giant Uniper
The German government has taken the drastic step of taking a 98% stake in Uniper, effectively nationalising it via a Euro 29 billion bail-out. The firm is one of the country's biggest gas suppliers...
Examining Trade Dependency - Applied Examples
We were discussing trade dependency in our Year 13 Economics class today and drew on real world data from countries such as Bangladesh, Zambia and Vietnam. I've linked to a short video of the key...
Changing tastes and preferences - Is plant-based meat staying on the menu?
This FT clip looks at the change in consumer tastes away from meat towards plant-based alternatives.
UK government signals yet another cut in stamp duty
We have been here many times before. The government seems to think that cutting stamp duty will act as a stimulant to the housing market that will feed an expansion of new building and a...
Netherlands raises their minimum wage by 10%
To help combat the risk of more than a million Dutch families falling into poverty because of rising prices, the government in the Netherlands has announced a 10% rise in their minimum wage.
UK Economy - Taxes and Investment and what future for Four-Day Working Weeks?
Here is a short round up of some important coverage of topical issues in the press over the last few days.
Retrieval Activity - Macroeconomic Indicators
Here is a retrieval activity (Quizlet) that I use with my Year 12 economists as we consider measures of macroeconomic performance
Supply Shocks - Cartels Terrorise Mexican Farmers
Supply-side shocks come in various forms: droughts, freezes and floods are the sorts of things that you'd associated with agricultural produce. But cartels? Either way, a fall in supply has...
Retrieval Activity - Globalisation
This retrieval activity contains 18 key terms linked to the key topic of globalisation.
Retrieval Activity - Specialisation and Trade
Here is a Quizlet retrieval activity covering specialisation and trade.