Economics in the News
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Economics in the News
IGCSE and A Level Economics topics in the news. Get on top of the learning by reading real life examples...
Curated by Mark Solomons
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Schools unable to recruit senior teachers, says union

Schools unable to recruit senior teachers, says union | Economics in the News | Scoop.it
National Association of Head Teachers survey exposes shortage of senior staff, while newly qualified personnel are ‘not well prepared’
Mark Solomons's insight:
Is this not just typical monopsony exploitation? The main employer of teachers, the government, is clearly not paying enough if experienced roles that are supposed to be the higher paying jobs, can't be filled. Also, the best grads will go where the money is so is it any surprise those entering teaching aren't 'suitable' or do not last in the profession? Solution? Maybe look at raising pay or face the so called future 'crisis'...
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Falling oil prices could push inflation to its lowest ever rate

Falling oil prices could push inflation to its lowest ever rate | Economics in the News | Scoop.it
The inflation rate could drop to a historic low tomorrow due to the tumbling cost of oil and heavy price-cutting by supermarkets.
Mark Solomons's insight:
Lowest inflation rate since 2000, and could see deflation soon, which hasn't happened since the 1960s.
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Big Question: Could a single global currency ever exist? | Web Exclusive | Marquette Magazine

Big Question: Could a single global currency ever exist? | Web Exclusive | Marquette Magazine | Economics in the News | Scoop.it
The magazine of Marquette University. Be The Difference.
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Mark Solomons's curator insight, November 24, 2013 10:52 PM

Like this a lot. Provides a clear, but no so simple path, to a single global currency.

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China loosens grip on interest rates

China loosens grip on interest rates | Economics in the News | Scoop.it

China takes another step loosening its grip on interest rates as it allows banks to trade deposits with each other at market-determined rates.

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The glass precipice

The glass precipice | Economics in the News | Scoop.it
Fiorina, forced out A MERE 5% of the chief executives of the world’s biggest companies are women. And they are more likely to be sacked than their more numerous...
Mark Solomons's insight:

Another interesting article about gender and leadership. Why do women bosses fail more than men...? Is it because they are hired externally? Some positive points, too...apparently the demand for female bosses exceeds the supply... Fascinating stuff.

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Meet Britain’s Best Business Leader - Harriet Green

Meet Britain’s Best Business Leader - Harriet Green | Economics in the News | Scoop.it
Students attending our BUSS4 exam coaching workshops will know that I'm a big fan of Harriet Green, the CEO who has done so much to lead the turnaround of Thomas Cook. In fact, I'd almost go as far as to say that Harriet Green is my favourite CEO. Except, of course, that.
Mark Solomons's insight:

This Scoop is mostly aimed at Georgia and her Extended Essay. But incredibly interesting and useful for all to read...

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Newcastle Mocks Stella Artois and Its Chalice in New Campaign

Newcastle Mocks Stella Artois and Its Chalice in New Campaign | Economics in the News | Scoop.it

BriAs a brand, Newcastle Brown Ale is no nonsense—or as its new ad campaign puts it, "no bollocks." The British beer also has little time for rivals who it believes are all bollocks—chief among them, Stella Artois.

Mark Solomons's insight:

Brilliant campaign against all the cliche beer adverts. I love how they are targeting competitors directly...No bollocks!

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Negative Externalities & Information Failure: Paxman shows Coca Cola boss how much sugar is in a supersize cup

Calls are growing for high sugar drinks to be taxed in the same way as cigarettes to curb rising obesity. Does the drinks industry's resistance echo that of ...

Via Saint Martin's - Economics , Matt Smith
Mark Solomons's insight:

Paxman giving Coca-Cola a grilling. Is Coke a demerit good?

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Marist Economics's curator insight, November 28, 2013 4:28 PM

Jeremy Paxman does 'show and tell' with the boss of Coca Cola.

Profits before health? Demerit good?

Jay Caulthar's curator insight, January 20, 2014 12:51 PM

#CocaColaSugar #InformationFailiure #NegativeExternalities

Mark Solomons's comment, February 22, 2014 2:34 AM
How uncomfortable was he?
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Warning: Stocks Will Collapse by 50% in 2014

Warning: Stocks Will Collapse by 50% in 2014 | Economics in the News | Scoop.it
With a possible recession looming, Sean Hyman reveals a crash alert system that allows investors to know when a stock market crash is imminent.
Mark Solomons's insight:

Hyman's crystal ball seems to have have a good track record!

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UK economy grows at fastest rate in six years in 2013

UK economy grows at fastest rate in six years in 2013 | Economics in the News | Scoop.it
LONDON (Reuters) - Britain's economy grew last year at its fastest rate since the financial crisis, official data showed on Tuesday, raising questions about how long the Bank of England can keep interest...
Mark Solomons's insight:

Some positive news: UK recovering faster than expected. Although forecasts for an interest rate increase is likely to be Q2 of 2015...yet 30% of polled econs think it could be this year!! Hope not...I like the size of my current mortgage repayments.

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Ford's 'quality' push comes at busy time for automaker

Ford's 'quality' push comes at busy time for automaker | Economics in the News | Scoop.it
DETROIT (Reuters) - Ford Motor Co is betting that the tight bond between two of its senior executives can help the automaker prevent quality missteps from derailing its busiest-ever year for
Mark Solomons's insight:

Too much great IB and IGCSE Business and Economics content to mention...but I still will!!!

 

Quality improvements

Strategy

HR and internal relationships

Growth

Market Share

R&D

International Business

Entering new markets

 

...to name a few. 

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The Importance of Market Research for Startups

The Importance of Market Research for Startups | Economics in the News | Scoop.it
There’s nothing new under the sun! If there’s one thing you take away from this post, please let it be that! I don’t care how innovative you think your idea is, there is a 99.9% likelihood that someone has thought of it before and tried to do something about it. The iPhone wasn’t the first smartphone and Facebook wasn’t the first social media site to ever exist.
Via The Fish Firm
Mark Solomons's insight:

a good read year 12, jus as we are about to begin market research...

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Marc Kneepkens's curator insight, January 20, 2014 1:42 PM

Take a look at this link to discover Free Sources of Market Research: https://growthink.infusionsoft.com/go/research/gt4045/

It comes with a free directory of Top Investors. Another excellent Growthink product.

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Wal-Mart's Raise Is Exhibit A In Why Minimum Wage Is Bad Idea

Wal-Mart's Raise Is Exhibit A In Why Minimum Wage Is Bad Idea | Economics in the News | Scoop.it
Wal-Mart is Exhibit A in the argument against imposing a one-size-fits-all minimum wage straitjacket on the U.S. economy. It is raising wages for workers not because it wants to be nice, but because competition for workers is forcing it to do so.
Mark Solomons's insight:

Wall-Mart are engaging in competition, the US government wants to raise the minimum wage. Draw two D&S for labour diagrams showing the consequences of both scenarios (one for minimum wage and one for Wall-Mart's wage rise).

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73 Countries and Over 1,000 Businesses Speak Out in Support of a Price on Carbon

73 Countries and Over 1,000 Businesses Speak Out in Support of a Price on Carbon | Economics in the News | Scoop.it
Leaders from across government and business are sending a clear message that climate change is a risk that cannot be ignored.
Mark Solomons's insight:

Correcting a massive negative externality...carbon pricing, a great solution.

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Negative externalities

Negative externalities | Economics in the News | Scoop.it
THE logic behind congestion pricing—tolling roads to maintain free-flowing traffic conditions—is pretty straightforward. When a driver enters a road...
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Mark Solomons's curator insight, November 25, 2013 8:48 PM

Who doesn't hate traffic congestion?

Interesting twist regarding the negative externalities created to relieve other negative externalities!!

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The Rising Marginal Cost Of Oil Production Highlighted By Kashagan Expense Escalation

The Rising Marginal Cost Of Oil Production Highlighted By Kashagan Expense Escalation | Economics in the News | Scoop.it
Kashagan is one of the world's largest oil projects, a massive project being developed in a joint effort by oil super majors Exxon (NYSE:XOM), Shell (NYSE:RDS.A), Total (NYSE:TOT), Eni (NYSE:E) and CNPC (NYSE:PTR). It has alr
Mark Solomons's insight:

A useful story about costs and the margin... have a read then leave a comment!

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Can These Sitcom Characters Actually Afford Their Houses?

Can These Sitcom Characters Actually Afford Their Houses? | Economics in the News | Scoop.it
Realistically, do you think Monica and Rachel could afford to pay rent for their 1,125 square-foot apartment in Manhattan? What about Fraser Krane's lovely 3 bedroom, 2.5 baths, 2,000 square-foot loft in Seattle? According to real estate website Movoto, when rent or mortgage exceeds 30% of your monthly income, it's classified as unaffordable. How much…
Mark Solomons's insight:

Having just bought a new flat, I found this fascinating. Measuring income against the mortgage with 50% or less making it affordable, these sitcom characters are analysed in terms of whether they could realistically afford their homes.

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Breaking Bad Performance through Strategic Alliance

Breaking Bad Performance through Strategic Alliance | Economics in the News | Scoop.it
The benefits of joint ventures to enhance business performance.
Mark Solomons's insight:

Brilliant post linking Breaking Bad to business studies with a focus on joint ventures and strategic alliances.

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Mozilla boss quits following gay row

Mozilla boss quits following gay row | Economics in the News | Scoop.it
The chief executive of Mozilla, who had been heavily criticised for supporting a ban on same-sex marriage, has stepped down.
Mark Solomons's insight:

Plenty of useful application here on CSR, PR and stakeholders...

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Planning an Economy Is Not Elementary

Planning an Economy Is Not Elementary | Economics in the News | Scoop.it

A wonderfully putGood intentions and social organization do not substitute for efficiency and order. Nor does central planning efficiently run an economy? What is needed is self-interest in the problem and a barometer to judge the result. That barometer is price? Substituting happiness and good-will perceptions for prices is no solution at all.

Mark Solomons's insight:

An interesting argument against central planning and for the free market, placing a warm hearted soccer mum in the 'driving seat'!

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Clear Eyes, Full Wallets, Can't Lose

Clear Eyes, Full Wallets, Can't Lose | Economics in the News | Scoop.it
Wear glasses? You probably paid too much for them. Get a look at how it should work, by the numbers.
Mark Solomons's insight:

Following our lesson on contribution and break-even today, this story exposes the real cost of retail eyeglasses.  The numbers are incredible!

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Flappy Bird is dead - but brilliant mechanics made it fly

Flappy Bird is dead - but brilliant mechanics made it fly | Economics in the News | Scoop.it
The creator of Flappy Bird has removed the game from app stores, ostensibly unable to cope with the criticism. Why all the hate? Because it’s how successful games draw you in. By Keith Stuart
Mark Solomons's insight:

Mark Solomons's insight:

Interesting read with lots of great content for IB and IGCSE Business. IP, social/viral marketing, product development, PR as well as a range of other marketing concepts.

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McDonald's worldwide sales slip

McDonald's worldwide sales slip | Economics in the News | Scoop.it
Mark Solomons's insight:

Little slip for the fast-food giant. Useful for Y12, how might this have affected market share?

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currency_outlook.pdf

Mark Solomons's insight:

Insightful report by HSBC targeted at expats, shared by Charlie Uddin. Should we send our RMB home now or wait???

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