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Tuesday, 21 April 2015

Unit 4: Balance of Payments webinar

Please find a really useful webinar explaining the key aspects of a country's Balance of Payments and explores the policy options for dealing with a current account deficit. (many thanks to tutor2u for the presentation. 

Wednesday, 15 April 2015

Unit 3: Examiners report - January 2013

Attached is the examiners report on the mock exam case study questions. Please read and note down any questions you may have for tomorrow lesson.


Tuesday, 14 April 2015

Unit 4: Iron Ore price falls - Primary Product Dependency - Australia

Click here to access an interesting article on Iron ore prices and how it is affecting the Australian economy.

This is an excellent example of the issues with primary product dependency.

Wednesday, 1 April 2015

Unit 4: Two Articles for the price of one!

Thank you to Carys for this article on the UK current account. Really useful in explaining why we have a high deficit and also why it may not be that important....excellent evaluation on the question, 'Does a current account deficit matter'.

This second article comes straight from me. (Click here) The end of milk quotas is linked to protectionism, free trade, comparative advantage.

Please take some time to read them....and other articles as well.

Tuesday, 17 March 2015

Unit 4: The dollar strengthens against the euro.

Thank you to Robyn for this excellent clip discussing the implications of a strong $ for the American economy.

Click on this link tom access the 50 second clip.

The strong dollar.

Monday, 16 March 2015

Unit 4: UK trade deficit falls in January!

Thank you to Huzaifa for this article on the UK's current account deficit. It raises a few questions:

What is the main reason for the fall in the deficit?
Why might the deficit have been so large in December?
Is this an indication of a long term fall in our deficit?
What impact (ceterus paribus) will this have on the pound?
What impact did it actually have on the pound?

Sunday, 15 March 2015

Unit 3: Yogurt Cartel find after whistle blower goes to govt.

Click here to access an excellent article on the Yogurt industry in France. Lots of good stuff for Unit 3 type questions.

Kinked demand curve, prisoners dilemma, high concentration ratio, regulation etc etc.