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Comparative Advantage - Taiwan - a Microchip Superpower
BBC Newsnight launched their Newsnight Global programme last night and the special on Taiwan was superb. Within it was a segment from Economics Correspondent Ben Chu on Taiwan's status as - far and...
Key Stats on the World Economy
When you are studying globalisation, it is handy to have some key stats on the world economy at your fingertips.
Update on the UK Economy - October 2022
Here is a quick update on the UK economy. We'll aim to produce one each month as we head into what many economists predict will be a difficult autumn and winter for the UK. Can a severe recession...
Business Economics - Can Body Shop Thrive in a Recession?
Today's Observer carries an interview with the CEO of Body Shop, a business owned by Brazilian firm Natura which has weathered several storms in recent years and - having cut back on their store...
UK Economy - What can be done to reduce economic inactivity?
The UK's employment rate has fallen since the pandemic – unlike other major economies. There is a lengthy piece here by The Observer's Heather Stewart on the rise in economic inactivity in the UK...
Progress in Reducing Extreme Poverty Grinds to a Halt
This World Bank clip looks at how the events of the last three years - coronavirus and the war in Ukraine has stopped global poverty reduction, and actually pushed over 70 million people into poverty.
The Circular Economy - Roads Can Be Recycled Forever, Why Don't More Cities Do It?
This Business Insider video clip suggests that asphalt is endlessly recyclable: however, regulations often limit the extent to which it can be recycled, with many having a 30% limit.
Brexit: How leaving the EU hit the UK
The Financial Times has published a new video on the economic consequences of Brexit for the UK economy, and it is safe to say that the overall conclusion is that the hard form of Brexit that came...
NHS investment boosts economic growth
A new report from health consultancy Carnall Farrar claims that every £1 invested in the NHS translates into an overall economic return of £4 in the local area. This is a good example to add to...
Exploring the gap in regional household disposable income
I suspect many Economics teachers have been using the concept of disposable income with great frequency in recent weeks. Most forecasts predict that in 2022-2023, there will be a significant fall...
Crucial days ahead for financial stability in the UK economy
The Bank of England is sending some serious messages to the financial markets - and pension funds in particular - that they see significant risks to the financial stability of the UK economy.
Some rather depressing research from Oxfam reveals that budget analysis shows that post-Covid health spending has fallen in around a half of the poorest countries and that welfare spending and...
Carbon offset market comes under scrutiny
This FT video looks at the carbon offset market - suggesting that the voluntary carbon offset market isn't working as it should, with the impact of carbon removal projects minimal and avoidance...
Barriers to Trade - Applied Examples and a Retrieval Activity
We have been covering trade protectionism in class over recent days. As always there is a wealth of current applied examples to consider when analysing and evaluating.
Middle Income Trap - Five reasons why China's economy is in trouble
The latest Communist Party meeting is prompting a lot of navel gazing by Sinophiles who think that the economy is struggling to break free of the middle income trap.
Business Costs and Profits - Economies of Scale at Tesla
In this short we look at examples of economies of scale exploited by Tesla Motors. It is a business almost obsessed with reaping economies of scale and efficiency gains as their production grows.
UK Economy - What has been happening to labour migration?
Labour migration is a really important topic because changes in the net flow of people into and out of a country's labour market can have both demand and supply-side effects. Nearly two years since...
This video short looks at September 2022 data to see which of the major countries has the highest yields on 10-year government bonds.
Currency Gaps - Dollar shortage hobbles Egypt's economy
Many teachers cover currency gaps as part of their courses in development economics. Here is a terrific applied example to use. A shortage of dollars in Egypt, used for paying for some goods and...
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...
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