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Tuesday, 5 June 2018

Brexit Options

Click here  to access a good article looking at all possible options.

Monday, 4 June 2018

BREXIT - The Issues

All you need to know about the latest issues - click on the following link   BBC - BREXIT

Monday, 14 May 2018

Spotify and the macro economy!

Thank you to Mr Wakerley for spotting (no pun intended) this interesting piece on spotify. It's all about data people!

Sunday, 13 May 2018

Unemployment in the UK Economy (May 2018 Update)

Here is a quick update on the key unemployment and employment data for the UK economy ahead of the June 2018 Economics exams. Designed to provide some context for students to use in essays.
Key unemployment data to revise
  • Unemployment rate: 4.2% of the labour force, 1.42m unemployed people, lowest since 1975
  • Long term unemployment: 1.1% (25% of the total)
  • Employment rate: 75.4% of the population of working age (highest ever rate for the UK)
  • Youth unemployment: 12% (was 20% youth unemployed in 2012)
  • Regional unemployment rates: February 2018, the highest unemployment: Yorkshire & Humber (5.2%); lowest in the South East & South West (3.4%).
  • Economic inactivity: 8.7 million, 21.2% (highest in Northern Ireland at 27.9%
  • Under-employment: 2.5 million, 7.8% of the labour force

Wednesday, 9 May 2018

Final set of MCQ's - Macro economic data

In the 20th and final MCQ blast of our 2018 series, we look at fifteen macroeconomics questions including some that test understanding of economic data. Have a go to check and improve your understanding!

Tuesday, 8 May 2018

Complementary goods, derived demand, elasticity - it's all here with Ice Cream Prices

Click here for a recent article on The price of vanilla has soared over the last two years, sending a chill down the spine of UK ice-cream makers.

Questions for you to attempt:

Why has the price of vanilla gone up? (4 marks)
What does the article suggest about the elasticity of supply of vanilla? (6 marks)
Assess the impact of rising vanilla prices on the producers of ice scream. (12 marks)

Sunday, 6 May 2018

Monetary Policy - Argentina Style!

Amazing scenes in Argentina this week and excellent for students trying to understand monetary policy. Click here for article.