Why this crisis is a test of our capacity to adapt
My article of the day comes from Tim Harford, the Undercover Economist, columnist for the FT and presenter of More or Less on Radio 4.
In this special blog, Gavin Simpson writes about the wonderful Economics in Ten podcast series. Well worth a read!
After Corona - What might be the new normal?
The current crisis dominates everything. But, within a relatively short space of time, it will pass. What next? What will be the “new normal”?
"Economics can tell you that efforts to fine tune the progression of coronavirus will fail."
Coronavirus risk - game theory meets the tragedy of the commons
My article for the day is from Tom Chivers writing on the UnHerd blog.
Will the world economy suffer hysteresis?
My article of the day comes from the BBC and looks at the risks of long-term damage to the world economy as a consequence of the crisis.
Year 13 Work - Information Bias
Until it becomes clearer how teachers will be asked to provide grades for the current Year 13s, here's an activity for those of you trying to keep your students engaged - useful for those with...
In case you need something for Year 12 to do at home this week, here's a quick resource that gives them an opportunity to apply their economic thinking to managing a football club. Free and easy to...
Building a more resilient future
My article of the day comes from Anthony Painter at the RSA who has long been a supporter of some form of universal basic income.
Coronavirus: The economic crisis
My article of the day recommends to you a superb podcast from the BBC's Real Story which brings together a number of economists including Linda Yueh, Stephanie Flanders (head of Bloomberg...
Manufacturing consortia respond to ventilator shortages
My article of the day on the economic crisis is about the drive to bring manufacturers together to ramp up the supply of much-needed ventilators for use by the NHS as the volume of critical cases...
Economics Weekly Quiz 20 March 2020
Here's this week's economics news quiz. Good luck!
Lights dimmed in cinemas - a temporary or structural challenge?
The cinema industry is facing unprecedented pressure as venues close, revenues collapse and an industry heavily burdened by debt faces a deeply uncertain future.
Coronavirus: Elasticity of supply of ventilators
This article flags up the issue of price elasticity of supply in the middle of the coronavirus outbreak: the governments clarion call for businesses to shift to the manufacture of ventilators makes...
Coronavirus: Football clubs face financial stress
This article would make a good extension exercise - can you draw what has happened to the cost and revenue curves of a lower league football club?
Coronavirus: Morrisons to pay small suppliers immediately
Great story this - and good for Morrison's image too.
Coronavirus: Impact on the Circular Flow
Professor Richard Baldwin has adapted the circular flow diagram to identify some of the ways in which the coronavirus shock is impact on the macroeconomy. This is well worth a look especially if...
Economics Weekly Quiz 13 March 2020
Here's this week's economics news quiz. Good luck!
Coronavirus: Pandemic triggers sharp rise in price of medication
Classic demand and supply in some regards, as a shortage of raw materials drives up the price of painkillers.
Modelling the likely spread of a virus
The various pronouncements on the corona virus are a source of puzzlement to many.