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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
We've compiled all of our Economics Weekly 5 PDFs into one handy download. You can get it here.
Packed full of current topics to discuss in the classroom, it enables students to engage with different aspects of economics in practice and apply their knowledge to real-world examples.
A great idea for the last lesson of term.
Call it an early Christmas present from us to you!
The penultimate weekly 5 for 2017 includes stories from the UK on the divide between rich and poor and the gender pay gap.
Internationally, we look at US public debt, a possible Chinese slowdown and Zimbabwe's new economic order.
As ever, great discussion points for the classroom with up to date real world examples of economics in action.
In this week's Weekly 5, we take a look at Black Friday, privatisation in the UK rail industry, the Bank of England stress test results, Bitcoin and London office developments.
Some excellent talking points for lessons, or even just for a water cooler chat!
Download the full PDF version here
This week's Weekly 5 poses questions on inflation, growth and national debt, amongst others.
Download a printable PDF here to use these as talking points in your lessons.
Look out for next week's edition, released on 24th November, which will be a Budget special.
Have a great weekend!
This week's topics range from car registrations to the Nigerian budget! Great talking points to kick off a lesson with relevant current affairs to engage your students.