Macroeconomic News for A-level Students
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Macroeconomic News for A-level Students
Suggestions for teachers to share with their classes
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AS Macro - UK recovery still relies on consumers, not firms - Telegraph

AS Macro - UK recovery still relies on consumers, not firms  - Telegraph | Macroeconomic News for A-level Students | Scoop.it
Official data to highlight that Britain's economic recovery remains badly out of kilter

Via Saint Martin's - Economics
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France's 75% tax rate gets approval

France's 75% tax rate gets approval | Macroeconomic News for A-level Students | Scoop.it
France's highest court approves a 75% tax on high earners that is one of President Francois Hollande's signature policies.
Invisible Hand's insight:

It will be interesting to see the effects of this! Does theory such as the laffer curve support this policy? Do students see this as a viable way to reduce France's public deficit? Perhaps Strongly Agree/ Agree/ Disagree/ Strongly Disagree corners of the classroom can be used to build discussion.

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Further restrictions on EU migrants coming to UK, says Theresa May - Telegraph

Further restrictions on EU migrants coming to UK, says Theresa May  - Telegraph | Macroeconomic News for A-level Students | Scoop.it
Theresa May, the Home Secretary, indicates that the Government will look at further tightening up the rules on European Union migrants coming to live and work in the UK.
Invisible Hand's insight:

Stimulating some EU discussion for A2 students when helping them to build up arguments for and against EU membership and EU enlargement. What benefits does it bring to the UK? What are the problems?

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Poverty Report: Hard Work Is Not Paying Off

Poverty Report: Hard Work Is Not Paying Off | Macroeconomic News for A-level Students | Scoop.it
Britain's working families have suffered a "sustained and unprecedented" fall in their living standards, new research reveals.
Invisible Hand's insight:

Further evidence of the lack of incentive of working! Includes video clip. Could this worsen the unemployment trap?

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WTO agrees global trade agreement

WTO agrees global trade agreement | Macroeconomic News for A-level Students | Scoop.it
The World Trade Organization agrees a historic global deal aimed at boosting commerce, which could add nearly $1tn to the global economy.
Invisible Hand's insight:

Discuss; the role of the WTO, effect on LR growth, benefits of trade

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Paying its way

Paying its way | Macroeconomic News for A-level Students | Scoop.it
THERE IS A global trade at which Britain excels. In little more than a decade exports have risen tenfold. Its biggest customers are emerging markets, particularly...
Invisible Hand's insight:

Good reading when looking at exports!!

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Spending Cuts 'Deeper For Northerners'

Spending Cuts 'Deeper For Northerners' | Macroeconomic News for A-level Students | Scoop.it
Poor areas across England and Scotland have suffered larger budget cuts of around £100 per head than affluent ones, a new study has found.

Via Bruce Fellowes
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Employers still cautious on hiring

Employers still cautious on hiring | Macroeconomic News for A-level Students | Scoop.it
Stronger economic growth in the UK over the next few years will not be accompanied by a big rise in employment, a survey suggests.
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Can UK economy stay top of the league?

Can UK economy stay top of the league? | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

Fabulous analysis by Peston by comparing the UK Economy to a premiership team. This is sure to interest students :-)

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When did globalisation start?

When did globalisation start? | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

Provides some good background reading for A2 economists on globalisation, Adam Smith and Inflation.

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Making a living on the black market

Making a living on the black market | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

The unfortunate consequences of high youth unemployment in Italy. What are the wider consequences of this? What does this suggest about government policy and regulation?

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UK economy: it's rebalancing - but not as we know it - Telegraph

UK economy: it's rebalancing - but not as we know it - Telegraph | Macroeconomic News for A-level Students | Scoop.it
We should not give up on the idea of the rebalancing of the UK economy. It has been happening – but not in the way policy-makers originally expected
Invisible Hand's insight:

Some interesting graphics and comment here, from Andrew Sentance. Where have we seen growth in the economy?  How might the structural change impact future macroeconomic performance?

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Young and jobless forever?

Young and jobless forever? | Macroeconomic News for A-level Students | Scoop.it
The jobs crisis for the world's young adults is getting worse but where is the problem worse - and do the numbers paint the whole picture?
Invisible Hand's insight:

Interesting reading on global youth unemployment. 25% increase in developed countries since 2008! Is this due to education distorting figures?

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Why are the Mint countries special?

Why are the Mint countries special? | Macroeconomic News for A-level Students | Scoop.it
A four-part series on Radio Four focuses on the Mint countries - Mexico, Indonesia, Nigeria and Turkey - tipped as the next to assume their places at the high table of economic success. Jim O'Neill explains what they have in common.
Invisible Hand's insight:

Essential reading for  any A2 economist, discussing the importance of the 'MINT' countries in future global developments. What is the impact on the EU? The UK?

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Britain for sale?

Britain for sale? | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

Great examples of Britain's role in global business. Perfect for discussions on trade and globalisation. Use with balance of payments to identify where flows are credited.

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Most people in poverty are 'in work'

Most people in poverty are 'in work' | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

More evidence for the existence of a poverty trap? Are the rewards for employment high enough? Could this worsen the unemployment trap? More evaluation when discussing employment... it doesn't necessarily improve living standards!

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UK unveils new infrastructure plans

UK unveils new infrastructure plans | Macroeconomic News for A-level Students | Scoop.it
The government unveils its infrastructure spending plan for the next two decades, including £375bn of investment in energy, transport and communications.
Invisible Hand's insight:

Great to introduce a discussion on the macroeconomic effects. Including long run growth, government spending, budget deficit as well as impact on living standards.

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Young are hit by India's skills gap

Young are hit by India's skills gap | Macroeconomic News for A-level Students | Scoop.it
Invisible Hand's insight:

The importance of skills to economic growth

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An enduring disappointment

An enduring disappointment | Macroeconomic News for A-level Students | Scoop.it
OUR correspondents explain why Britain is no longer one of the world's biggest goods exporters
Invisible Hand's insight:

Interesting discussion to show A2 economists.. can they summarise the key points? What key terms are used that they need to re-cap? What kinds of essays might they use this in?

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Fall in UK exports deals blow to George Osborne's rebalancing hopes

Fall in UK exports deals blow to George Osborne's rebalancing hopes | Macroeconomic News for A-level Students | Scoop.it
Falling exports and rising imports pushed Britain's trade gap for September to £9.8bn, the widest for almost a year
Invisible Hand's insight:

Points for discussion with students could include key reasons for the widening gap, possible methods the governmwnt could use to narrow the gap, and limitations to these methods (thinking about evaluation)

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As benefit rules get tougher, the claimant count further loses its credibility

As benefit rules get tougher, the claimant count further loses its credibility | Macroeconomic News for A-level Students | Scoop.it
In recent months there has been a significant tightening of welfare rules, leading to more people being sanctioned and losing their benefits
Invisible Hand's insight:

Is there still a place for the Claimant Count in the UK? Interesting reading!!

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UK 'fastest-growing Western economy'

UK 'fastest-growing Western economy' | Macroeconomic News for A-level Students | Scoop.it
The UK is set to grow faster than any other Western economy, according to a report by accountancy industry body the ICAEW.
Invisible Hand's insight:

Exciting news. Discuss with students the posible implications for businesses of this news, what is the impact of increased business confidence? What might this mean for UK competitiveness?

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The Tacit-Knowledge Economy by Ricardo Hausmann - Project Syndicate

The Tacit-Knowledge Economy by Ricardo Hausmann - Project Syndicate | Macroeconomic News for A-level Students | Scoop.it
Knowhow resides in brains, and emerging and developing countries should focus on attracting them, instead of erecting barriers to skilled immigration.
Invisible Hand's insight:

Interesting reading... key to growth in GDP per capita is tacit knowledge!

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How economic growth has become anti-life

How economic growth has become anti-life | Macroeconomic News for A-level Students | Scoop.it
Vandana Shiva: An obsession with growth has eclipsed our concern for sustainability, justice and human dignity. But people are not disposable – the value of life lies outside economic development
Invisible Hand's insight:

Fantastic for A2 Macroeconomic students! Essental reading!!

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