EzyEconomics Weekly 5 - Collusion, Inflation Soars, Health Matters, Wild Currency Swings, Tariff Relief
The Weekly 5 returns for its last edition before the May Half-Term! If anyone is unfamiliar with this regular feature it aims to provide you with a short summary of some of the most significant and interesting stories of the week across and within economies around the world. This helps keep you up to date with the news, whilst at the same time provide you with examples of economic theories and policies in action in the real world.
This week's top 5 Economics stories, as chosen by our EzyEconomics team:
Pharmaceuticals Collusion - An official CMA investigation has been launched against four pharmaceutical firms after initial findings of artificial price hikes, we assess the factors which determine the effectiveness of collusion.
UK Inflation - In April the UK inflation rate peaked at 2.1%, we assess the implications a high inflation rate has on the UK economy and discuss the role that central banks have in controlling the inflation rate.
Pound Drops to New Low - This week's Brexit shenanigans have contributed to the pound falling to its lowest level against the dollar in six months, we assess the role that a floating exchange rate has for maintaining macroeconomic stability.
NHS Staffing Pressures - Staffing shortfalls in the NHS are forecast to intensify, we assess the implications of this for the UK economy and discuss the impact that Brexit is likely to have on this shortage problem.
US Tariffs Lifted - The US has lifted tariffs on Canadian and Mexican steel and aluminium products, we discuss the wider implications these tariffs have had on the development of the industry in those countries.
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.
Stay tuned for further editions of the Weekly 5 released on Friday's during term time!