Category
Topic updates
Human Development Index - 2022 Update
The data for the 2022 Human Development Index is now available and Switzerland has overtaken Norway to claim top spot in this composite indicator of development. However, for the second year in a...
How a worker exodus is hitting growth in the UK
The House of Lords Economic Affairs Committee have published a report looking at the state of the UK economy, noting that the loss of half a million workers from the UK economy poses an existential...
Is cyclical unemployment starting to rise in the UK economy?
Students need to have a clear understanding of the different types and causes of unemployment. Cyclical (or demand-deficient) unemployment is one of them. In this short revision video, we look at...
Explaining the difference between Disinflation and Deflation
Fears of price deflation now seem a distant memory with CPI inflation in the UK economy climbing to 11% during 2022. Students often confuse disinflation with deflation, so we have produced a quick...
Non-price competition - does it matter where beer is brewed?
This article about the nature of global brewing, and the production of 'foreign' beer in the UK, for the British market. Does it really matter where a beer is brewed?
Development Economics - How Much is the Cost of Corruption?
This World Bank clip looks at the costs of corruption to developmental objectives - and the insidious nature of corruption in developing economies: eroding social capital, reducing trust in public...
Planetary Boundaries: What are they and why shouldn't we cross them?
Here is a short but important primer from the Financial Times on Planetary Boundaries and their significance for sustainable growth. It could be used as a excellent bridging video when teaching and...
Revising Consumer Surplus
Here are three short revision videos covering consumer surplus.
Revising the Multiplier
We've just added two short revision videos on the multiplier to our reference section. We cover the formulae for the simple and extended multipliers and work through some example calculations.
Economics of Autarky - Should Countries Try to do Everything Themselves?
Put simply. No. Autarky isn't the way forward and the static and dynamic benefits of trade are, to most people, self-evident.
The World Bank are concerned by the fact that next year the world's poorest economies are going to see their debt interest payments rise by 35%.
How Competitive is the UK Economy?
I've just published a short revision video on key indicators of international competitiveness. Whilst exchange rates and relative inflation rates are important, in the video I look at some of the...
UK Economy - Why are so many people leaving the workforce
Richard Partington writing in the Guardian looks at the current macroeconomic concern with the size of the UK labour force. Since the pandemic, the workforce has declined by 600,000 - students,...
The Human Cost of Amazon's Rush for Speed
Here is a remarkable clip looking at Amazon's fulfilment centres, looking at working conditions and the high risk of repetitive strain injuries with research suggesting that Amazon's employees are...
Research by food charity Sustain reveals the remarkably low profit margins being earned by the UK's farmer for essential items - cheese, bread, apples, carrots and beefburger. They earn 1p on a...
UK Economy Update December 2022: Watching for Signs of Recession
In this regular video update we look at some of the key stats on the UK to help take the temperature of the economy and assess whether or not a recession is happening and how deep and prolonged it...
Which UK country has the highest student debt?
There are big concerns about the burden of student debt, high interest rates and the cost of loans to the taxpayer. Let’s take a quick look at the figures.
Who are Britain's Biggest Mortgage Lenders?
Housing economics is always topical, and the mortgage market is a key one to study. So, who are the UK’s largest suppliers of mortgage finance for would-be home-buyers?
Sustainable Growth - Turning Tofu Waste Into Natural Gas Helps Clean Rivers In Indonesia
Business Insider does luxury and the circular economy very well - in this case, the latter is covered, with the waste water from tofu manufacture being converted into biogas to provide fuel for...
UK Economy Update: Components of Aggregate Demand
In this short revision video we look at data on the components of aggregate demand for the UK economy and consider why 2023 is likely to be a year of a shallow but perhaps lengthy recession.