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Sunday, 7 June 2015

Unit 3: Royal Mail Privatisation - A must read!

This is a revision presentation on aspects of the privatisation of the Royal Mail - an important milestone in the history of privatisation in the UK economy.

Unit 3: Monopolistic Competition - Revision Presentation

Monopolistic competition is a form of imperfect competition. It can be found in many real world markets ranging from clusters of sandwich bars, other fast food shops and coffee stores in a busy town centre to pizza delivery businesses in a city or hairdressers in a local area. 

Monopolistic competition is similar to perfect competition, some economist regard it as more realistic, because the products are differentiated.

Wednesday, 3 June 2015

Unit 4: Foreign Aid - Who do we give money to?

Thank you to Graham for this interesting article on who are the biggest recipients of foreign aid. Only read if you want some context for a Unit 4 question. This wont answer an essay for you.

Monday, 1 June 2015

Saturday, 30 May 2015

Unit 4: International Competitiveness

This is a revision presentation on international competitiveness which we define as the ability of a business or a country to compete effectively in international markets.

Unit 3: Contestable Markets - Revision material

This is a revision presentation on aspects of contestable markets. A contestable market is one that is open to actual & potential competition. A market is contestable where an entrant has access to all production techniques available to existing businesses and when entry decisions can be reversed without cost i.e. there are no sunk costs.

Monday, 25 May 2015

Unit 4: African Free Trade Bloc

This is important news for growth and development in the African continent. One of the reasons for the very low rate of intra-regional trade in Sub Saharan Africa inn particular is the over-lapping nature of several trade blocs. It seems this is about to change.
CNBC Africa reports here that a new 26-nation free trade area is set to be established. With a combined gross domestic product of $1 trillion, the tripartite trade area will include the East African Community, the Common Market for Eastern and Southern Africa, and the Southern African Development Community in a single free market.
However much remains to be done to make this a reality not least finding agreement between African countries on non-tariff barriers such as rules of origin to guard against import dumping.
The aim is to create a new African Continental Free Trade Area (CFTA) by 2017.