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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.

Unit 4: Dumping - Yes or no?

Did Mr Bean compile the US airlines report into subsidies? - Transport -

I heard this on the way into work this morning. Really interesting piece on how the three best airlines in the world are accused of being so due to government help.

What do you think?

Useful when discussing dumping, subsidies, unfair competition in any Unit 4 essay.

Thursday, 12 March 2015

Unit 4: Euro hits 12 year low against the Dollar

Click here to read a timely article on exchange rates. The euro has fallen to its lowest level against the US dollar in 12 years after the European Central Bank (ECB) began its government bond buying programme.

Lots of great stuff here on the reasons why currencies can fluctuate. Please take some time to read. I will be asking questions in your next lesson.

Monday, 9 March 2015

Unit 4: Capital Flight - Russia and skilled labour

Thanks to Luke for this article on 'Capital Flight' in Russia. Once again it highlights the issue of struggling economies due to falling oil prices, inflation and an unstable economic future.

Capital flight will only make things worse in the long term. How can Russia stop this?