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Unit 2 Economics
Curated by Phil Hensman
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British Airways owner calls for breaking up Heathrow monopoly

British Airways owner calls for breaking up Heathrow monopoly | #Yr1Eco Mac | Scoop.it
Create competition to run terminals when third runway is built to keep airfares low, IAG tells government
Phil Hensman's insight:
Monopoly Power v Monopsony Power
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Japan's rising child poverty exposes true cost of two decades of economic decline

Japan's rising child poverty exposes true cost of two decades of economic decline | #Yr1Eco Mac | Scoop.it
Soup kitchens have sprung up to provide meals for some of the estimated 3.5 million children officially living in poverty in one of world’s richest countries
Phil Hensman's insight:
The importance of growth in the economy. This is a story about Japan, but is increasingly reflected across both the developed and developing world.
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Fight of the Century: Keynes vs. Hayek Round Two

Subscribe to our channel: http://www.youtube.com/user/econstories If you enjoyed this video, you should watch this one next: http://youtu.be/Mq2iQAsJAh
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UK manufacturing: Whatever happened to the 'march of the makers'? - BBC News

UK manufacturing: Whatever happened to the 'march of the makers'? - BBC News | #Yr1Eco Mac | Scoop.it
George Osborne set out his aspiration for a "march of the makers" in 2011, but how much has changed since then?
Phil Hensman's insight:

Investment spending and structural change

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Global unemployment to rise by 3.4 million in two years, report says

Global unemployment to rise by 3.4 million in two years, report says | #Yr1Eco Mac | Scoop.it
International Labour Organization predicts joblessness will surpass 200 million by end of 2017 for the first time on record
Phil Hensman's insight:

Consider the impact on the UK economy

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Charlie Mack's curator insight, January 25, 2016 7:19 AM

how do you think this will affect the UK then?

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Spend, spend, spend – it’s what the chancellor is praying for

Spend, spend, spend – it’s what the chancellor is praying for | #Yr1Eco Mac | Scoop.it
Personal debt and the booming property market have become the main drivers of growth in Osborne’s economy
Phil Hensman's insight:

External Influences

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What is inflation? Economics explained - video

What is inflation? Economics explained - video | #Yr1Eco Mac | Scoop.it
Inflation is one of the most important concepts in economics. It’s also one of the simplest
Phil Hensman's insight:

Inflation

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Mortgage rates 'getting cheaper'

Mortgage rates 'getting cheaper' | #Yr1Eco Mac | Scoop.it
Competition among mortgage lenders has intensified, brokers say, with a greater willingness to lend to those without huge savings.
Phil Hensman's insight:

Factors determining interest rates

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Corporation tax levy explained - but will it work?

Corporation tax levy explained - but will it work? | #Yr1Eco Mac | Scoop.it
From the beginning of this month a new levy has been introduced to encourage big companies like Starbucks and Apple to pay their fair share of taxes.
Phil Hensman's insight:

Trying to reduce tax avoidance

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Tom Pell's curator insight, October 28, 2015 7:13 AM

Trying to reduce tax avoidance

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UK debt and deficit: All you need to know

UK debt and deficit: All you need to know | #Yr1Eco Mac | Scoop.it
Phil Hensman's insight:

Fiscal Policy, debt, deficit

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Charlie Mack's curator insight, January 28, 2016 7:45 AM

AS & A Level - read this

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Rising pound has not caused serious damage … yet

Rising pound has not caused serious damage … yet | #Yr1Eco Mac | Scoop.it
Larry Elliott: Investors buy currencies for two main reasons: they like the look of the way an economy is performing or they are attracted by higher interest rates
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Charlie Mack's curator insight, January 28, 2016 7:46 AM

exchange rates...

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Good for AQA 8 mark Q practice, and some useful info: UK pay starts to beat inflation: five key charts

Good for AQA 8 mark Q practice, and some useful info: UK pay starts to beat inflation: five key charts | #Yr1Eco Mac | Scoop.it
Inflation figures on Tuesday are expected to show the pressure easing on consumers
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UK economy to hit pre-recession peak by summer, BCC says

UK economy to hit pre-recession peak by summer, BCC says | #Yr1Eco Mac | Scoop.it
The size of the UK's overall economy will surpass its pre-recession peak by this summer, says the British Chambers of Commerce.
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Creative subjects squeezed, say schools

Creative subjects squeezed, say schools | #Yr1Eco Mac | Scoop.it
A BBC survey suggests time and resources for creative arts subjects are being cut back in England.
Phil Hensman's insight:
Opportunity Cost of new subjects in the curriculum
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Nightclubs out and coffee pods in as inflation basket updated

Nightclubs out and coffee pods in as inflation basket updated | #Yr1Eco Mac | Scoop.it
Additions to the basket also include computer software and cream liqueur
Phil Hensman's insight:
Updates to the Basket of Goods used to measure inflation
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900,000 UK retail jobs could be lost by 2025, warns BRC - BBC News

900,000 UK retail jobs could be lost by 2025, warns BRC - BBC News | #Yr1Eco Mac | Scoop.it
Rising costs due to the National Living Wage, increasing taxes, and a move to online shopping could hammer the UK retail sector, retailers warn.
Phil Hensman's insight:

Types of unemployment

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Charlie Mack's curator insight, March 14, 2016 11:17 AM

Types of unemployment

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UK car manufacturing hits 10-year high in 2015 - BBC News

UK car manufacturing hits 10-year high in 2015 - BBC News | #Yr1Eco Mac | Scoop.it
UK car manufacturing reaches a 10-year high in 2015 with almost 1.6 million vehicles built, says the SMMT trade body.
Phil Hensman's insight:

Balance of Trade

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Charlie Mack's curator insight, January 26, 2016 5:09 AM

great for the Balance of Trade?

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Why is the pound falling so sharply? - BBC News

Why is the pound falling so sharply? - BBC News | #Yr1Eco Mac | Scoop.it
The value of the pound has been sliding on international currency markets, declining nearly 4% since the start of 2016.
Phil Hensman's insight:

WPIDEC - Why?

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Consumer Spending To Drive Growth: Report

Consumer Spending To Drive Growth: Report | #Yr1Eco Mac | Scoop.it
UK households are expected to benefit from sustained low inflation amid low oil prices - and interest rates remaining on hold.
Phil Hensman's insight:

Consumption as a part of AD

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Charlie Mack's curator insight, February 22, 2016 10:34 AM

Consumption up will lead to growth up....

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What is the current state of the UK economy? - BBC News

What is the current state of the UK economy? - BBC News | #Yr1Eco Mac | Scoop.it
There are plenty of positive signs in the UK economy right now, but not everything is rosy. Andrew Walker looks at the evidence.
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Why lower corporation tax means more for Treasury

Why lower corporation tax means more for Treasury | #Yr1Eco Mac | Scoop.it
The endless barrage of propaganda about companies not paying their fair share is both unfair and misleading
Phil Hensman's insight:

Some good evaluation of lower corporation tax rates

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UK trade deficits used to matter at election time - not any more

UK trade deficits used to matter at election time - not any more | #Yr1Eco Mac | Scoop.it
Harold Wilson’s 1970 re-election campaign took a knock from a 0.2% deficit in goods but now a near 7% figure hardly warrants a mention
Phil Hensman's insight:

Macroeconomic Objective - Least important?

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Brain drain: which UK regions hold on to their graduates?

Brain drain: which UK regions hold on to their graduates? | #Yr1Eco Mac | Scoop.it
The east Midlands has the lowest retention of graduates of any UK region while Northern Ireland has the highest, according to a report
Phil Hensman's insight:

The Brain Drain

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UK Unemployment falls to 5 year low of 2.2m

UK Unemployment falls to 5 year low of 2.2m | #Yr1Eco Mac | Scoop.it
The number of people out of work in the UK has fallen by 77,000 to a five year low of 2.24m in the three months to February, official figures show.
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Evidence of time lag and the accelerator effect: Manufacturers plan recruitment boom as recovery becomes more entrenched

Evidence of time lag and the accelerator effect: Manufacturers plan recruitment boom as recovery becomes more entrenched | #Yr1Eco Mac | Scoop.it
Survey shows improving economic conditions in eurozone and rising customer demand fuelling optimism in sector
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