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A2 15) Perfect Competition vs Monopoly with Essay Plan - YouTube

A2 15) Perfect Competition vs Monopoly with Essay Plan - A comparison between competitive firms and monopoly done as an essay structure
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A great overview of how to tackle a Perfect Competition vs Monopoly essay. The full collection of video in this series can be found here: http://www.youtube.com/user/EconplusDal ;

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Microfinance 101: An Introduction - YouTube

Want to learn more about microfinance and how Opportunity International works? This microfinance video gives a brief overview of the system that is positivel...
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An introduction to Micro Finance and another link here to a case study on whether it has worked in India  https://www.youtube.com/watch?v=J4wxo5IHpT0 

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Gross & Net Debt - YouTube

This episode explains the statistical definition of debt, it explains government debt instruments and the difference between gross and net debt. Authors: Cla...
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Video recommended by the IMF looking at Government Debt and how it works. 

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Africa’s new Number One

Africa’s new Number One | Macroeconomics | Scoop.it
HEY PRESTO: as if by magic, Nigeria has declared itself the biggest economy in Africa. Overnight, with the wave of a statistical wand, it has added 89% to its GDP,...
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The recent revision of Nigeria's GDP figures now place it as the largest African economy, with future growth predicted. This article looks briefly at the rise of Nigeria and the prospects for its future.

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Q&A: What is GDP?

Q&A: What is GDP? | Macroeconomics | Scoop.it
A basic guide to how the economy is measured.
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The first Macroeconomic Scoop of the year - a quick guide to GDP and how it is measured and used.

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Q&A: 2013 US budget brawl

Q&A: 2013 US budget brawl | Macroeconomics | Scoop.it
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Although very much centered on the US Political system and how they run their economy - this story goes some way to explain the problems of large Government debt, reductions in Government spending and its impact on economic indicators. 

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Economic muddle of Chavez legacy

Economic muddle of Chavez legacy | Macroeconomics | Scoop.it
Venezuela's President Hugo Chavez bequeaths a nation beset by crumbling infrastructure, unsustainable public spending and underperforming industry.
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A great case study on a country in development. Look at the successes or otherwise of former Venezuelan president Hugo Chavez. 

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Botswana: Backwater to global hub

Botswana: Backwater to global hub | Macroeconomics | Scoop.it
As diamond mining giant De Beers moves its sales business from London to Gaborone, the BBC's Rob Young looks at the transformation of Botswana's capital.
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Remember this from the End of Year exams - see how the article matches up to your data response answer........

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China's debt addiction

Until five years ago China's economy relied remarkably little on debt. But China lost its debt inhibition in late 2008 when the global financial crisis erupt...
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An interesting video from the FT - are the levels of debt getting too out of control?

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Brics economies plan $100bn fund

Brics economies plan $100bn fund | Macroeconomics | Scoop.it
Leaders of the Brics group of nations say they will set up a $100bn (£65bn) fund to guard against financial shocks.
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With the expectation that the US Federal Reserve will taper its QE policy, interesting news from the G20 summit, with the BRICS countries (Brazil, Russia, India, China and South Africa) agreeing to create a joint currency reserve, to help defend against future financial shocks. 

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Jared Broker's curator insight, September 17, 2013 8:44 PM

Looks like a balance is coming back to the global financial system away from Western dominance.

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KAL draws: Dumping: Words rather than actions

KAL, The Economist's resident cartoonist and animator, explains what dumping means and why companines do it
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More from The Economist's resident animator - this time looking at the process of Dumping. 

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Study reveals 'true' cost of imports

Study reveals 'true' cost of imports | Macroeconomics | Scoop.it
New data indicates that the amount of raw materials used to produce goods is far higher than previously thought.
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After the recent revision questions on measurements of a country's economic health - here is a timely editorial on a new study which is states the true cost of exports is not always considered in trade data. Here they argue that sustainability is not considered with export figures not including the costs of the raw materials and transportation used in the trade, which might not necessarily give a true picture of export position.

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AP Macroeconomics Review - Every Graph You Need To Know For The Exam!

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Video for the American AP Economics exams - Every graph you will need to know for macroeconomics. Which CIE graphs are missing (remember this is Macro only!!)?

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The best places to live

The best places to live | Macroeconomics | Scoop.it
A data-driven ranking of the most liveable cities NOT New York nor Paris nor Tokyo. Urbanites in Britain’s former dominions should count themselves lucky,...
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The title says it all - the Economist reports on the 'best places to live'. Great for comparing Economic Development between countries. 

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Lynne Featherstone MP on Sustainable Development | #GrowthWeek - YouTube

Filmed at #GrowthWeek 2014 Produced by Econ Films
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A series of short playlist looking at different views on the top priorities for Sustainable Development around the world. 

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Is HDI the best index for measuring Development? - YouTube

An educational geographical video about measuring a country's development. I talk about HDI, PQLI and GNH, as well as I have interviews from Mahbub Ul Haq an...
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A brief, but informative video analysing the suitability of GDP and other measurements, such as HDI, as a measure of development in the economy.

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Move over, GDP

Move over, GDP | Macroeconomics | Scoop.it
The most powerful statistic in history is facing increased opposition, but a new initiative has decided not to fight it, but circumvent it.
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An alternative view on the merits of using GDP data to measure the economic position of a country. Introduces several alternative measures.

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Rising costs in China boost Bangladesh economy

As rising costs force many Chinese companies to move up the value chain, some Asian countries are benefiting from the move of low-end manufacturing to cheape...

Via Graham Watson
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A look at the dynamics of comparative advantage

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Graham Watson's curator insight, November 8, 2013 4:00 AM

This FT piece looks at the dynamic nature of comparative advantage and the rapid pace of change in the textile industry. In this case, its China that has lost its competitive advantage and Bangladesh has benefitted, a clear positive for a poor South Asian state.

 

Additonally, given the Rana Plaza disaster, perhaps this article might also help dispel the view that the Chinese are necessarily worse employers than Western companies. In this case the Chinese investment might well be associated with higher pay and better working conditions than so-called 'ethical' clothing firms who have been producing in the country.

Clara Dunphy's curator insight, February 23, 2014 9:39 AM

Reduction in production costs in Bangladesh, can pay workers $500 less. Cheaper to supply more than in China, whilst also helping Bangladesh economy to grow due to more work and investment.

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India's rice revolution – audio slideshow

India's rice revolution – audio slideshow | Macroeconomics | Scoop.it
A ground-breaking method of cultivation, developed in Madagascar, is boosting rice yields and changing lives for farmers in India
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An example of a Supply Side Policy (or development) that is boosting rice yields in India. The method, developed in Madagascar, may just help revolutionise the industry and lead to much cheaper costs of production in the long term. 

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Power and economic transition

Power and economic transition | Macroeconomics | Scoop.it
Vietnam, a country once viewed as the "next China", is starting to generate concerns over its economic transition and looming debt crisis.
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Vietnam seemed to be folloiwng the same route of China in terms of Economic Growth, but is now looking in trouble. Read this and find out why. 

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How India's growth ended in tears - Telegraph

How India's growth ended in tears - Telegraph | Macroeconomics | Scoop.it
High price of humble onion is emblematic of nation’s failures to invest in its future

Via Graham Watson
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If you have time, this is a short article worth reading - looking at the problems faced in India. Some great material looking at economic development and how a series of factors can impact on the success of an economy. 

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Graham Watson's curator insight, August 26, 2013 4:28 AM

This is a nice article, extrapolating from the microeconomic story of the higher price of onions in India and suggesting that this is indicative of macroeconomic failings. It is well worth a read; it is a very clever piece.

Clara Dunphy's curator insight, February 23, 2014 9:41 AM

Staple food is more expensive due to food inflation. Rupee has poor exchange rate. People starving. Gvt using onions as a ploy to get more voters. Frightened away investment.

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Europe fears 'uncontrolled protectionism' as emerging markets turn against free trade - Telegraph

Europe fears 'uncontrolled protectionism' as emerging markets turn against free trade - Telegraph | Macroeconomics | Scoop.it
The European Commission has warned of a slide towards “blatant and uncontrolled protectionism” across the world as emerging markets defend themselves, warning that abuses by Russia, Brazil, Indonesia, China and other key states pose a growing...
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After decades of free trade agreements, are we seeing a return of Protectionism? The EU certainly thinks so. How might this affect the EU, and are we here in NZ likely to benefit or suffer from this trend if it continues?

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Exchange rate policy

Exchange rate policy | Macroeconomics | Scoop.it
The exchange rate of an economy affects aggregate demand through its affect on export and import prices, and policy makers may exploit this connection.
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Although focussed more on the UK, this is a great overview of Exchange Rate Policy for anyone who is struggling to understand the basics of this. 

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UK unemployment: What's in a number?

UK unemployment: What's in a number? | Macroeconomics | Scoop.it
What does Britain's unemployment rate tell you about the state of the economy?

Via Graham Watson, Lucy Balazs
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Great analytical report on calculating the Natural Rate of Unemployment and the problems of this. 

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Graham Watson's curator insight, August 2, 2013 7:39 AM

Absolutely tip-top stuff from Stephanie Flanders today: UK unemployment is under the microscope, with particluar interest in the 'natural rate of unemployment' and what this tells us about the state of the UK economy.

This is a first-rate piece for all Pre-U/A-Level economists to get their teeth into, nice analytical content and some excellent evaluation, highlighting the difficulties in calculating the natural rate.

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John Kay on the mystery of QE

FT columnist John Kay looks at the lack of evidence for the effect of quantitative easing as a driver for economic growth. For more video content from the Fi...
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John Kay looks at the lack of evidence for the effect of quantitative easing as a driver for economic growth. He is excellent on some of paradoxes of the impact of QE on the macroeconomy of countries where it has been tried.

The main effect of QE according to Kay is to boost asset prices and the one certain consequence of this is that those who have assets - such as homeowners and stocks and shares - will benefit.

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