Burgernomics - McDonald's raises cheeseburger prices by 20%
McDonald's is raising the price of their cheeseburgers for the first time in 14 years.
Centrica announces 500% increase in profit & £59m dividend
Here's the cost of living crisis in a nutshell - rising prices are driven by supply-side factors, but also by the extent to which some companies are making profits.
US Federal Reserve raises interest rates by 0.75%
The US Federal Reserve has announced a sizeable increase in interest rates of 0.75% and a new target interest rate of 2.25% to 2.50%.
IMF predicts UK to be the slowest-growing G7 economy in 2023
The IMF - not always correct - has identified that the UK economy is going to be the slowest growing of all G7 economies in 2023, cutting its previous 1.2% forecast to 0.5%.
Amazon Raises Prime Prices in the UK and Europe
Amazon Prime has announced that from 15 Sept, monthly membership increases from £7.99 to £8.99, and annual membership from £79 to £95.
How regulatory failure has costs UK households money
The Guardian covers the collapse of Avro Energy - and the lack of regulation of the energy company, given the volume of complaints made by consumers.
Unilever is increasing advertising spending to reinforce brand loyalty and thereby reducing price elasticity of demand for their products.
The Extraordinary Toshiba Saga
I'll be using this short FT video when teaching business conglomerates, demergers and the principal agent problem this autumn.
Can the UK government nudge people into using less energy?
Last year, Ovo was criticised for advising customers to cuddle pets, eat porridge and do star jumps to keep warm.
Are CEO salaries out of control?
One of my favourite topics - executive pay - with the cost of living crisis doing nothing to halt the surge in executive pay in both the UK and the US.
What is profit-push inflation?
To what extent is the surge in consumer price inflation partly the result of businesses opting to increase their profit margins?
European Central Bank raises interest rates for the first time in 11 years to zero percent!
The European Central Bank has raised their main monetary policy interest rate by 0.5% - the first increase for eleven years. Rates have risen to 0.0%!
This Economist video looks at how the war in Ukraine is precipitating a global food crisis, with 800m people going to bed hungry every night.
This is a good article to use when evaluating the benefits and costs of government subsidies.
In an egregious example of price fixing, Pfizer and Flynn have been fined £70 million for abusing their dominant positions to overcharge the NHS for a life-saving epilepsy drug.
French government to fully nationalise EDF energy
It's interesting to see how the French government are looking to resolve the issue of energy security.
How co-operative farms can promote regenerative agriculture
Co-operative ownership of farmland in the Netherlands is managing trade-offs between agricultural productivity and environmental objectives, such as maintaining biodiversity.
Quizlet Retrieval Quizzes for A Level Macroeconomics
Here is an updated set of 35 resources for students and teachers of EdExcel Macroeconomics taking exams in 2023
Quizlet Retrieval Quizzes for A Level Microeconomics
Here is an updated set of forty resources for students and teachers of EdExcel Microeconomics taking exams in 2023
Larry Elliott argues here that the next few years are unlikely to see a repeat of the 1920s, with a Fourth Industrial Revolution.