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Year 12 Recap - Positive Externalities

Year 12 Recap - Positive Externalities

Next up on our Year 12 Recap are positive externalities.

 If you are in Year 12, it is essential that you are confident with the basic principles of externalities and how to graphically represent this on a demand and supply diagram. This is an important topic as exam questions centre around markets that fail and how policymakers can correct a misallocation of resources.

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Year 12 Recap - Public Goods

Year 12 Recap - Public Goods

Our Year 12 Recap continues with the topic of Public Goods.

 The provision (or lack of) for public goods is a controversial and heated topic in microeconomics, as the question of who is best placed to provide and pay for goods and services which help satisfy basic human wants and needs is often debated amongst policymakers and politicians. Therefore, it is a relevant and probable question to appear in microeconomics exam papers and students need to be well versed in the discussion and explanation points surrounding this topic.

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Year 12 Recap - Competition

Year 12 Recap - Competition

Next up on our Year 12 Recap is the theory of competition.

 If you are in Year 12, it is essential that you are confident with the basic characteristics of a range of different market structures, as well as the factors which affect the level of contestability in the market.

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Year 12 Recap - The Price Mechanism

Year 12 Recap - The Price Mechanism

The next stop on our Year 12 Recap is the microeconomic concept of the Price Mechanism.

 If you are in Year 12, it is essential that you are confident with the basic principles and functions of the price mechanism to help understand how the interaction of demand and supply creates a prevailing equilibrium price and quantity.

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Year 12 Recap - XED and YED

Year 12 Recap - XED and YED

If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool. XED and YED are additional elasticity tools you can call upon in an exam situation to demonstrate consumers demand sensitivity to changes in the price of related goods and household disposable income. 

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Year 12 Recap - PES

Year 12 Recap - PES

On day 5 of our Year 12 Recap, we are continuing the topic of elasticity!

If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool.

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The Economics Weekly 5 - 16th March 2018

The Economics Weekly 5 - 16th March 2018

Welcome to another edition of The Weekly 5. This week's top stories include:

 

The Chancellor's Spring Statement

UK R&D Expenditure

Changes to the UK CPI inflation basket

Growth in income vs growth in welfare

The UK overfishing problem

 

For this week's homegrown economics topics, we have the usual questions and exercises to test your students.

You can download the full PDF here

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Year 12 Recap - PED

Year 12 Recap - PED

We have reached day 4 of our Year 12 recap already and we are moving in to the territory of elasticity. 

If you are in Year 13, it is essential that you are confident of the basic foundations of elasticity and can effectively weave in elasticity into your longer responses as an analytical or evaluative tool.

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Year 12 Recap - Supply Curves

Year 12 Recap - Supply Curves

Today's Year 12 Recap is looking at the topic of supply curves. Supply curves provide economists with a graphical way of representing the quantity supplied of a good or service at any given price. Being able to understand the basic upward shape of supply curves and the distinction between a movement along the supply curve and a shift is a crucial skill amongst economists.  

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Year 12 Recap - Demand Curves

Year 12 Recap - Demand Curves

 Today's Year 12 Recap is looking at the topic of demand curves. Demand curves provide economists with a graphical way of representing the quantity demanded of a good or service at any given price. Being able to understand the basic downward shape of demand curves and the distinction between a movement along the demand curve and a shift is a crucial skill amongst economists.  

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Year 12 Recap - The Economic Problem

Year 12 Recap - The Economic Problem

The first day of our Year 12 Recap is looking at the most fundamental topic of economics: the aptly named ‘The Economic Problem’. The Economic Problem asks the question “How do we satisfy an unlimited set of wants and needs when we only have access to a limited, set of resources?”. This underpins the reason why a lot of topics in economics are studied – for example, efficiency concerns how well resources are used; this would not be a prominent concern if resources were not scarce. 

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The Economics Weekly 5 - 9th March 2018

The Economics Weekly 5 - 9th March 2018

Welcome to another edition of the Weekly 5! This week we're looking at:

US Steel Tariffs

The Shadow Banking Sector

China's Economic Outlook

Uk Mergers and Acquisitions

The Economics of Snow Days

 

As ever, we have crafted relevant questions to test your students on their knowledge of economic principles as they apply to the topics listed above.

You can download the full PDF here

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The Economics Weekly 5 - 2nd March 2018

The Economics Weekly 5 - 2nd March 2018

Welcome to another Weekly 5! Whilst the big story of the week is that most of us are snowed in, that doesn't stop the economic issues from hitting the headlines too.

This week we have selected the following:

The elimination of UK government budget deficit

The UK-EU Customs union debate

The UK energy price cap

UK net migration

Spotify's plans to become a public company

 

For those of you who made it into school or college, our carefully selected questions and topic discussions should help you to distract students from all that white stuff outside.

You can download the full PDF here

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The Economics Weekly 5 - 23rd February 2018

The Economics Weekly 5 - 23rd February 2018

This week's Weekly 5 covers the following:

 

The UK unemployment rate, which has risen for the first time in 2 years

BP's 2018 energy outlook

A proposal for a universal basic income

The move towards a cashless society in Sweden

The US "Too big to fail" policy

 

As always, each topic poses questions and areas for discussion that you can use with your students in class, to further knowledge of current economic affairs.

Download the full PDF here

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The Economics Weekly 5 - 16th February 2018

The Economics Weekly 5 - 16th February 2018

This week's Weekly 5 covers a variety of topics, from farms to supermarkets, charities to gilts, with a sprinkling of US CPI inflation for good measure!

The fallout from the Oxfam scandal

The remarkable rise of supermarket chain Lidl

The US consumer price index

UK farmland disruption

The UK Gilt market

 

Use our carefully crafted questions to test your students on the latest in world economic news.

Download the PDF here

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The Economics Weekly 5 - 9th February 2018

The Economics Weekly 5 - 9th February 2018

This week's weekly 5 looks at the turbulent stock market, slow productivity growth in the UK, the US trade deficit, an analysis of three possible Brexit scenarios and the elusive third runway at Heathrow.

As ever, plenty of material for in-class discussions and individual questions relating to each story.

Download the full PDF here

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The Economics Weekly 5 - 2nd February 2018

The Economics Weekly 5 - 2nd February 2018

Some of this week's top Economics related stories:

The continued recovery of the Eurozone

Statistical errors in services data

US crude oil production

The US solar market

Dr Pepper Snapple merger with Keurig Green Mountain

This week's challenges include drawing diagrams, discussing the relevant topics and the application of knowledge to answer questions on deadweight loss and business integration. Some great opportunities for students to demonstrate their skills.

Download the full PDF here

 

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The Economics Weekly 5 - 26th January 2018

The Economics Weekly 5 - 26th January 2018

This week's top 5 Economics stories, as chosen by our team:

The UK pay squeeze, showing inflation rate and annual earnings growth
OBR's January 2018 Welfare Report, looking at the UK benefits system
Bank of England Financial Stability Paper on account imbalances
Pound-Dollar exchange rate
Fox's proposed takeover of the remainder of Sky has been halted by the Competition and Markets Authority

For each topic, we have designed a question to help your students use the skills they have developed in class and apply them to real-world situations.

You can download the full PDF here

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The Economics Weekly 5 - 19th January 2018

The Economics Weekly 5 - 19th January 2018

This week's Weekly 5 looks at a diverse range of subjects:

China's growing economy

UK sugar tax

The Carillion liquidation

Venezuela's minimum wage rise

The impact of Brexit on Scotland

 

As ever, each subject poses a question to get students thinking about how the study of economics relates to the news today. It should provoke some great class discussions.

Download the full PDF version here

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The Economics Weekly 5 - 12th January 2018

The Economics Weekly 5 - 12th January 2018

Welcome to the first Weekly 5 of 2018!

The top 5 stories that have caught our eye this week include:

UK manufacturing output

2018 global economic growth outlook

Zombie firms

Output gap size in emerging economies

The UK car market

 

Each story has a question attached to test students' knowledge and apply their learning to current affairs. These can also be used as a theme for lessons, not to mention they're great conversation starters in and out of class.

For the full PDF version of this document, download here.

 

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