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FSA chairman calls for review of Bank inflation target - Telegraph

FSA chairman calls for review of Bank inflation target - Telegraph | Collected Economics | Scoop.it
The chairman of the Financial Services Authority is to open the door to a major overhaul of the way the Bank of England backs the economy, suggesting that a simple inflation target may not be sufficient to promote growth.
Fotheringham's insight:

Y12 topic of the week: Inflation!

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UK heads for triple dip as GDP contracts 0.3pc

UK heads for triple dip as GDP contracts 0.3pc | Collected Economics | Scoop.it
The Guardian (blog) UK heads for triple dip as GDP contracts 0.3pc Howard Archer, economist at IHS Global Insight, described the situation as “dire” and added: “We believe the economy is essentially flat at the moment. Bit of a dark forecast for your weekend!! Inflation on Monday, year 12! This will feature!
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Mr Threlfall's curator insight, January 31, 2013 1:27 AM

Triple Dip for the UK Economy....George Osborne ( Sad Face ;-()

 

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Miss Piggy's Version Of Global Warming: What About Me? : NPR

Miss Piggy's Version Of Global Warming: What About Me?  : NPR | Collected Economics | Scoop.it
Here's a new way to think about global warming. An interactive map plots how temperatures have changed in any region on the planet since the early 1950s.
Fotheringham's insight:

Interesting for A2 students looking into Sustainable Development...

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GCSE Exam Booklet

GCSE Exam Booklet | Collected Economics | Scoop.it
Fotheringham's insight:

GCSE Exam booklet... just like the others, following the link above will give you the past papers for GCSE Economics, their mark schemes and the examiner report.  Please use it to search for terms and review past questions. It's better than the paper copy...

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AS Exam Booklet

AS Exam Booklet | Collected Economics | Scoop.it
Fotheringham's insight:

So this is the AS Exam Booklet for students.  Currently includes just the past papers, mark schemes and examiner reports, but will grow over the next week to include exam advice, key terms, et cetera.  Love it, make it your friend YR12 AS Economists.

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Tree of life, in circular form.

Fotheringham's insight:

In our studies of Sustainable Development we learned about Schumacher's "Wisdom of Smallness", which is elegantly stated: "There is wisdom in smallness if only on account of the smallness and patchiness of human knowledge, which relies on experiment far more than on understanding."  The scale of effect on the large ecosystem you see above (zoom in) is significant.

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Fotheringham's comment, January 22, 2013 7:45 AM
...by the way, I found the text of the book in PDF form. You can find it here: http://home.fa.utl.pt/~miarq4p5/2008-09/turma_d/Small%20is%20Beautiful%20-%20E%20F%20Schumacher.pdf, though I might encourage you to buy the book. In first, hardcover edition. It's worth it.
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The Big Ideas podcast: EF Schumacher's 'small is beautiful'

The Big Ideas podcast: EF Schumacher's 'small is beautiful' | Collected Economics | Scoop.it
Economist Andrew Simms and Guardian columnist Madeleine Bunting are among those joining Benjamen Walker to discuss the legacy of Schumacher's 'Buddhist economics'
Fotheringham's insight:

A student asked about Bhuddism in economics, as in, "What if we don't have unlimited wants?", and I forgot about reading Schumacher's book... but back in 1973 he addressed that question.  Incidently, his book is the favourite book of the King of Thailand.

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Fotheringham's comment, January 21, 2013 8:21 PM
Also, very importantly, this has everything to do with Sustainable Development, the A2 topic...
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Are Republicans Signalling A Return to Debt-Ceiling Normalcy?

Are Republicans Signalling A Return to Debt-Ceiling Normalcy? | Collected Economics | Scoop.it
On Friday, we got confirmation that Boehner and his members are ready to act rationally on the debt ceiling.
Fotheringham's insight:

And everyone chill out.... (for three months)

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Why Legos Are So Expensive — And So Popular

Why Legos Are So Expensive — And So Popular | Collected Economics | Scoop.it
A lot of people are wondering how Lego, selling a now un-patented product, can command both massive market share and sell at twice the price of the nearest competitor: Megablocks.
Fotheringham's insight:

These two articles, the NPR one referenced herein, mark the real function of Lego, as a story-telling aid.

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Who cares why women start businesses if they succeed? - Telegraph

Who cares why women start businesses if they succeed? - Telegraph | Collected Economics | Scoop.it
You can analyse the different reasons that men and women start businesses all you like, says Emma Sinclair, but what we should be looking at is why some female start-ups fail and some succeed.
Fotheringham's insight:

More gender-issues in business and economics

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The original paper on Frictionless Commerce

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This paper spawned the article on Frictionless Dating in the Atlantic, which is super...

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The global output gap

The global output gap | Collected Economics | Scoop.it
THE image at right is a graphic taken from Bloomberg's markets page, which shows four indexes of commodity prices. There are obviously a lot of things influencing...
Fotheringham's insight:

Interesting article on the Global Output Gap, with a great graph from Bloomberg, suitable for Macro 4.

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Teaching with tablets 'will take some time' - Times of Malta

Teaching with tablets 'will take some time' - Times of Malta | Collected Economics | Scoop.it
Teaching with tablets 'will take some time' Times of Malta In response to our discussion last week...
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Watch Out, Economists Increasingly Agree on 2013 Outlook

Watch Out, Economists Increasingly Agree on 2013 Outlook | Collected Economics | Scoop.it
Watch Out, Economists Increasingly Agree on 2013 Outlook Wall Street Journal (blog) Economists are famous for not agreeing about much of anything. But when it comes to their forecasts for U.S.
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Davos 2013: the five key datasets

Davos 2013: the five key datasets | Collected Economics | Scoop.it
The key data to help behind the issues at the annual meeting of the World Economic Forum
Fotheringham's insight:

As world business leaders meet in Davos, Switzerland, the Thai PM assures the world that the rising Bhat will not disrupt trade (http://www.china.org.cn/world/Off_the_Wire/2013-01/23/content_27776125.htm)

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A2 Exam Booklet

A2 Exam Booklet | Collected Economics | Scoop.it
Fotheringham's insight:

Finally.  Took a while, but this is the collection of past papers, assembled in a searchable PDF.  Although you can have a paper copy, we encourage you to use this one...

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Mr Threlfall's curator insight, January 31, 2013 1:30 AM

Past paper PDF - Search for a question related to your current studies in lesson and do it as a follow-up. ( Success Tip ! ) 

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What's the justification for a land value tax?

What's the justification for a land value tax? | Collected Economics | Scoop.it
Current affairs, world politics, the arts and more from Britain's award-winning magazine
Fotheringham's insight:

Fascinating.

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The Power Of Zero In Driving "Breakthrough Capitalism" Recorded Lecture

The Power Of Zero In Driving "Breakthrough Capitalism" Recorded Lecture | Collected Economics | Scoop.it

Drawing from his recent book The Zeronauts: Breaking the Sustainability Barrier, John Elkington will provide an account of his personal journey over 40 years on “the sustainability frontier” and his proposals on how to meet global challenges. 

John Elkington is co-founder and executive chairman of Volans. He is also the co-founder of SustainAbility, where he remains today as a a non-executive member of the board. 

Dr Mason is a senior lecturer in the department of Geography and Environment and an associate of the Grantham Research Institute for Climate Change and the Environment.

Fotheringham's insight:

Apt for our current Y13 topic of Sustainable Development.  Would have loved to have been there... good job we've got the interview!

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Graph: How Coffee Drank Soda's Milkshake

Graph: How Coffee Drank Soda's Milkshake | Collected Economics | Scoop.it
In a decade, the U.S. could easily spend more on coffee than soda -- something utterly unthinkable at the turn of the century
Fotheringham's insight:

I have a coffee problem.

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Before the Fall: What the Fed Didn't Know in 2007

Before the Fall: What the Fed Didn't Know in 2007 | Collected Economics | Scoop.it
Like many other journalists who write about the Federal Reserve, I spent Friday morning reading the policy discussions that took place inside the central bank in 2007, as the global financial system teetered on the brink of collapse.
Fotheringham's insight:

A fairly good synopsis of the response to the crash...

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Why Legos Are So Expensive — And So Popular : NPR

Why Legos Are So Expensive — And So Popular : NPR | Collected Economics | Scoop.it
Legos often cost twice as much as similar blocks from a rival toymaker. So why are Legos so much more popular than other brands?
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This Isn't the Petition Response You're Looking For | We the People: Your Voice in Our Government

This Isn't the Petition Response You're Looking For | We the People: Your Voice in Our Government | Collected Economics | Scoop.it
Fotheringham's insight:

I want a death star.

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The Many Problems With Online Dating's Radical Efficiency

The Many Problems With Online Dating's Radical Efficiency | Collected Economics | Scoop.it
It makes it too easy to find people, to ditch people, and most importantly, to date people who are similar to us.
Fotheringham's insight:

This is an awesome article, my favourite so far in 2013.

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Leaded Gasoline Linked to the Rise and Fall of Violent Crime

Leaded Gasoline Linked to the Rise and Fall of Violent Crime | Collected Economics | Scoop.it
A new study has revealed that the rise and fall of leaded gasoline strongly correlates with the pattern of violent crime rates in America.
Fotheringham's insight:

Fascinating that the variables responsible for an outcome are sometimes completely unrelated!  Imagine that the same man who invented tetraethyl lead additive is also the same guy who came up with chlorofluorocarbon!

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