SCP Presentation: ppt + streamed + pdf (t2u)
coarse and the theory of the firm (coarse nature of the firm 1937)
coarse and the theory of the firm (coarse nature of the firm 1937)
Tuesday 13 December 2011
Monday 5 December 2011
Thursday 1 December 2011
Wednesday 30 November 2011
Tuesday 29 November 2011
Thursday 24 November 2011
chinese investment
the chinese are coming clips
episode 1
episode 2
angola's railway
railway article
chinese chicken sellers
inflated chickens
changing china (bbc)
china welcome mugabe (nov 2011)
chinese investment in europe nov 2011
china as leading dragon 24 nov 2011
brics and beyond (t2u)
episode 1
episode 2
angola's railway
railway article
chinese chicken sellers
inflated chickens
changing china (bbc)
china welcome mugabe (nov 2011)
chinese investment in europe nov 2011
china as leading dragon 24 nov 2011
brics and beyond (t2u)
Friday 11 November 2011
euro wordle and interactive graphic
euro crisis newsnight 11 nov 2011
short term euro fix 11 nov 2011
euro crisis (guardian podcast nov 2011)
1930s compared to today (newsnight nov 2011 9 mins)
Thursday 10 November 2011
Tuesday 8 November 2011
Monday 7 November 2011
t2.0 inflation investigations
Remember Presentation is due week b 14/11
- Group B Wednesday p3 room C
- Group C Wednesday p2 room 9
- Group E Wednesday p5 room C
Your reseach and findings should be presented in one/two slides (powerpoint) with data/time series plus key points stating the present position of your variable + predictions for 2012 + plus the direction and magnatude in which UK CPI is being pushed
Thursday 3 November 2011
big picture discussions
slides for presentation
flanders at the bbc discusses key issues
future of the euro (20 oct 2011)
whose fault is the economic crisis? (28 oct 2011)
soros on euro (26 oct 2011)
world institutions (2 nov 2011) (audio)
exchange rate movements ft
andrew sentance (ex mpc member)hard talk (2 sept 2011 28 mins video)
rogoff (ex imf chief economist) hard talk (1 oct 2011 25 mins video)
Wednesday 2 November 2011
monetary policy
global interest rates 2004-2011 (wsj)
g20 interest rate (ft 2010)
liquidity trap issues
japan style liquidity trap (ft 6 nov 2011)
krugman reflects on above (nyt oped 11/11/11)
cnbc video chicago fed on us situation (aug 2011)
krugman op ed nyt (mar 2010)
quantitative easing resources
chancellors letter
govenors letter
chancellor and asset purchase facility
QE2
QE2 sloman economics
background reading:
bernake us qe (bloomberg 02/12/09)
QE by bank of japan (Fed 2001)
g20 interest rate (ft 2010)
liquidity trap issues
japan style liquidity trap (ft 6 nov 2011)
krugman reflects on above (nyt oped 11/11/11)
cnbc video chicago fed on us situation (aug 2011)
krugman op ed nyt (mar 2010)
quantitative easing resources
introduction:
qe explained (ft 05/02/09) excellent starting point
Q&A QE (bbc 07/12/09)
guardian glossary
qe explained (ft 05/02/09) excellent starting point
Q&A QE (bbc 07/12/09)
guardian glossary
qe explained - simple
bank of england monetary policy home page
boe asset purchase facility home page
boe pamphlet on qe
ex ante:
Bank of England may halt QE (bbc 04/02/10)
Questions for QE (Stephanomics 07/01/10) read comments
Intriguing economic questions for 2010 (Stephanomics 23/12/09)
what happens if interest rates rise (bbc 04/02/10)
ex post:
bank of england statement
bank stops qe (bbc 04/02/10)
easy does it (stephanomics 04/02/10)
bank of england monetary policy home page
boe asset purchase facility home page
boe pamphlet on qe
ex ante:
Bank of England may halt QE (bbc 04/02/10)
Questions for QE (Stephanomics 07/01/10) read comments
Intriguing economic questions for 2010 (Stephanomics 23/12/09)
what happens if interest rates rise (bbc 04/02/10)
ex post:
bank of england statement
bank stops qe (bbc 04/02/10)
easy does it (stephanomics 04/02/10)
how effective is qe? (ft 04/02/10)
bank puts qe on hold (ft 04/02/10)
the day after:
chancellors letter
govenors letter
chancellor and asset purchase facility
QE2
QE2 sloman economics
background reading:
bernake us qe (bloomberg 02/12/09)
QE by bank of japan (Fed 2001)
Tuesday 1 November 2011
governemnt spending
guardian govt spending review 2010-2011
hm treasury slideshow budget / fiscal positions 2011-2012
hm treasury photostream (flickr)
office for budget responsibilty
hm treasury slideshow budget / fiscal positions 2011-2012
hm treasury photostream (flickr)
office for budget responsibilty
Friday 28 October 2011
income distribution
l curve - representation of income distributionhttp://www.blogger.com/img/blank.gif
Tuesday 18 October 2011
why is the euro stronger than the pound?
guardian 15 oct 2011
Why is the euro stronger than the pound?
With the eurozone mired in economic and political crisis, what is keeping the single currency so strong?
guardian euro page
Why is the euro stronger than the pound?
With the eurozone mired in economic and political crisis, what is keeping the single currency so strong?
guardian euro page
eurozone crisis debate
Basic Euro History
1991: Maastricht Treaty – pathway for Euro
1999: Euro starts life as a currency
1999-2001: Original members of system lock their currencies for two years
2002: Notes and coins come into circulation
2007: Slovenia becomes first of the new member states to enter the currency union
2008-09: Three new nations – Slovakia, Cyprus and Malta – the Euro Area extends to 16 nations
2011; estonia joins 17 nations in Eurozone
the future of the euro (bbc stephanie flanders oct 2011)
Euro essentials
Monetary union is a deepening of economic integration between participating countries
A single currency requires a common interest rate for the Euro Zone – i.e. a common monetary policy
Countries have locked their currencies together forever and adopted one currency as a medium of exchange
Euro as a currency floats against US dollar and sterling
Member nations are also required (in principle) to keep control of government borrowing i.e. They are not allowed to run large budget deficits > 3% of their GDP (in normal times)
Challenges facing the Euro Zone
1/Little common fiscal policy
Big differences in size of fiscal deficits and debt levels
Fiscal stability pact has effectively collapsed
2/ Growing risk of one or more Euro Area countries defaulting on some of their debts
Will Euro Area nations bail out fellow members?
Years of fiscal austerity for some nations will create deep economic and social pressures
3/ Doubts about the likely strength of recovery
Unemployment high and rising
4/ Longer term challenges
Growth and employment creation in the Euro Area has not been noticeably higher than in countries outside the currency union
2008-10 crisis has highlighted the problems of setting a common interest rate for 16 nations
Larger economic imbalances within the 16 nation currency union over wage levels, trade balances and productivity will also need to be addressed if the Euro Zone is to avoid future crises
Several weaker countries have become uncompetitive inside the Euro and this requires painful corrective policies which will be unpopular
Rising cost-push inflation could lead to higher interest rates and choke off confidence as recovery starts
Crisis links 2011:
ft eurozone crisis page
bbc eurozone crisis + global economy page
aljazeera euro crisis page
martin wolf oct 18 2011
chain reaction default
bbc on launch of euro (1999)
map growth of eurozone
where is the coin from?
eu euro homepage
monetary policy issues:
ecb homepage
price stability cartoon
price stablility report
inflation dashboard
eurozone report 2009
Research links
http://observer.guardian.co.uk/euro
inside europe (bbc)
eurozone graphics
euro introduction (t2u)
t2u blog posts euro
greece in depth (ft)
newsnight 24/06/2011 (1.00-15.00/ 27.48-43.30)
#euro (twitter)
#greece (twitter)
1991: Maastricht Treaty – pathway for Euro
1999: Euro starts life as a currency
1999-2001: Original members of system lock their currencies for two years
2002: Notes and coins come into circulation
2007: Slovenia becomes first of the new member states to enter the currency union
2008-09: Three new nations – Slovakia, Cyprus and Malta – the Euro Area extends to 16 nations
2011; estonia joins 17 nations in Eurozone
the future of the euro (bbc stephanie flanders oct 2011)
Euro essentials
Monetary union is a deepening of economic integration between participating countries
A single currency requires a common interest rate for the Euro Zone – i.e. a common monetary policy
Countries have locked their currencies together forever and adopted one currency as a medium of exchange
Euro as a currency floats against US dollar and sterling
Member nations are also required (in principle) to keep control of government borrowing i.e. They are not allowed to run large budget deficits > 3% of their GDP (in normal times)
Challenges facing the Euro Zone
1/Little common fiscal policy
Big differences in size of fiscal deficits and debt levels
Fiscal stability pact has effectively collapsed
2/ Growing risk of one or more Euro Area countries defaulting on some of their debts
Will Euro Area nations bail out fellow members?
Years of fiscal austerity for some nations will create deep economic and social pressures
3/ Doubts about the likely strength of recovery
Unemployment high and rising
4/ Longer term challenges
Growth and employment creation in the Euro Area has not been noticeably higher than in countries outside the currency union
2008-10 crisis has highlighted the problems of setting a common interest rate for 16 nations
Larger economic imbalances within the 16 nation currency union over wage levels, trade balances and productivity will also need to be addressed if the Euro Zone is to avoid future crises
Several weaker countries have become uncompetitive inside the Euro and this requires painful corrective policies which will be unpopular
Rising cost-push inflation could lead to higher interest rates and choke off confidence as recovery starts
Crisis links 2011:
ft eurozone crisis page
bbc eurozone crisis + global economy page
aljazeera euro crisis page
martin wolf oct 18 2011
chain reaction default
bbc on launch of euro (1999)
map growth of eurozone
where is the coin from?
eu euro homepage
monetary policy issues:
ecb homepage
price stability cartoon
price stablility report
inflation dashboard
eurozone report 2009
Research links
http://observer.guardian.co.uk/euro
inside europe (bbc)
eurozone graphics
euro introduction (t2u)
t2u blog posts euro
greece in depth (ft)
newsnight 24/06/2011 (1.00-15.00/ 27.48-43.30)
#euro (twitter)
#greece (twitter)
Sunday 16 October 2011
exchange rates
Sterling outlook: What next for the pound? | This is Money
currency wars and QE (ft 31 oct 2011)
demise of the dollar (wsj)
wsj currency page
currency wars flanders (bbc)
the currency puzzle - project syndicate
ex latest (t2u pdf)
revision note of floating x-rates
presentation on fixed and floating exchange rates
Download printable handout (pdf) of presentation slides
Rejoice – the pound is down again - Times Online
assignment on xrates (t2u)
x-rates intro as (t2u)
effects of x-rate movements (t2u)
dollar as the world currency - discussion (bbc newsnight)
ft interactive on currencies
depreciation of pound short term fix (independent 2010)
roger bootle independent 15/03/10 time lags exchange rate and deficit
streamed presenation on world x-rates (t2u)
ocr x rate essays
Quiz
Currency_Crossword_Quiz.pdf
Answers
Currency_Crossword_Answers.pdf
Wednesday 12 October 2011
Monday 10 October 2011
Friday 7 October 2011
Wednesday 28 September 2011
Wednesday 14 September 2011
Tuesday 13 September 2011
Friday 9 September 2011
Monday 5 September 2011
Friday 1 July 2011
economic centre of gravity
black dots represent exisitng data on worlds centre of economic activity from 1980 to 2008 (shifting from mid atlantic to med) red dots continue projections to 2049 when it settles between India and China. Read below for more detail:
danny quah academic paper
alphaville (ft)
Thursday 30 June 2011
Thursday 23 June 2011
euro debate
Basic Euro History
1991: Maastricht Treaty – pathway for Euro
1999: Euro starts life as a currency
1999-2001: Original members of system lock their currencies for two years
2002: Notes and coins come into circulation
2007: Slovenia becomes first of the new member states to enter the currency union
2008-09: Three new nations – Slovakia, Cyprus and Malta – the Euro Area extends to 16 nations
2011; estonia joins 17 nations in Eurozone
Euro essentials
Monetary union is a deepening of economic integration between participating countries
A single currency requires a common interest rate for the Euro Zone – i.e. a common monetary policy
Countries have locked their currencies together forever and adopted one currency as a medium of exchange
Euro as a currency floats against US dollar and sterling
Member nations are also required (in principle) to keep control of government borrowing i.e. They are not allowed to run large budget deficits > 3% of their GDP (in normal times)
Challenges facing the Euro Zone
1/Little common fiscal policy
Big differences in size of fiscal deficits and debt levels
Fiscal stability pact has effectively collapsed
2/ Growing risk of one or more Euro Area countries defaulting on some of their debts
Will Euro Area nations bail out fellow members?
Years of fiscal austerity for some nations will create deep economic and social pressures
3/ Doubts about the likely strength of recovery
Unemployment high and rising
4/ Longer term challenges
Growth and employment creation in the Euro Area has not been noticeably higher than in countries outside the currency union
2008-10 crisis has highlighted the problems of setting a common interest rate for 16 nations
Larger economic imbalances within the 16 nation currency union over wage levels, trade balances and productivity will also need to be addressed if the Euro Zone is to avoid future crises
Several weaker countries have become uncompetitive inside the Euro and this requires painful corrective policies which will be unpopular
Rising cost-push inflation could lead to higher interest rates and choke off confidence as recovery starts
bbc on launch of euro (1999)
map growth of eurozone
where is the coin from?
eu euro homepage
monetary policy issues:
ecb homepage
price stability cartoon
price stablility report
inflation dashboard
eurozone report 2009
Research links
http://observer.guardian.co.uk/euro
inside europe (bbc)
eurozone graphics
euro introduction (t2u)
t2u blog posts euro
greece in depth (ft)
newsnight 24/06/2011 (1.00-15.00/ 27.48-43.30)
#euro (twitter)
#greece (twitter)
1991: Maastricht Treaty – pathway for Euro
1999: Euro starts life as a currency
1999-2001: Original members of system lock their currencies for two years
2002: Notes and coins come into circulation
2007: Slovenia becomes first of the new member states to enter the currency union
2008-09: Three new nations – Slovakia, Cyprus and Malta – the Euro Area extends to 16 nations
2011; estonia joins 17 nations in Eurozone
Euro essentials
Monetary union is a deepening of economic integration between participating countries
A single currency requires a common interest rate for the Euro Zone – i.e. a common monetary policy
Countries have locked their currencies together forever and adopted one currency as a medium of exchange
Euro as a currency floats against US dollar and sterling
Member nations are also required (in principle) to keep control of government borrowing i.e. They are not allowed to run large budget deficits > 3% of their GDP (in normal times)
Challenges facing the Euro Zone
1/Little common fiscal policy
Big differences in size of fiscal deficits and debt levels
Fiscal stability pact has effectively collapsed
2/ Growing risk of one or more Euro Area countries defaulting on some of their debts
Will Euro Area nations bail out fellow members?
Years of fiscal austerity for some nations will create deep economic and social pressures
3/ Doubts about the likely strength of recovery
Unemployment high and rising
4/ Longer term challenges
Growth and employment creation in the Euro Area has not been noticeably higher than in countries outside the currency union
2008-10 crisis has highlighted the problems of setting a common interest rate for 16 nations
Larger economic imbalances within the 16 nation currency union over wage levels, trade balances and productivity will also need to be addressed if the Euro Zone is to avoid future crises
Several weaker countries have become uncompetitive inside the Euro and this requires painful corrective policies which will be unpopular
Rising cost-push inflation could lead to higher interest rates and choke off confidence as recovery starts
bbc on launch of euro (1999)
map growth of eurozone
where is the coin from?
eu euro homepage
monetary policy issues:
ecb homepage
price stability cartoon
price stablility report
inflation dashboard
eurozone report 2009
Research links
http://observer.guardian.co.uk/euro
inside europe (bbc)
eurozone graphics
euro introduction (t2u)
t2u blog posts euro
greece in depth (ft)
newsnight 24/06/2011 (1.00-15.00/ 27.48-43.30)
#euro (twitter)
#greece (twitter)
Wednesday 22 June 2011
Friday 17 June 2011
Monday 13 June 2011
Thursday 9 June 2011
Tuesday 10 May 2011
recessions and the credit crunch
the context of any macro discussion in econ 2 + 4 will be the credit crunch. Investigation of the following pages may build understanding:
essays on recession (econhelp)
essays on the credit crunch (econhelp)
essays on recession (econhelp)
essays on the credit crunch (econhelp)
Thursday 28 April 2011
Tuesday 26 April 2011
exam advice t2u 2011
exam advice entries 2011:
putting things into context
10 ideas for a better paper
using evidence and examples
maintaining balance in your answers
multiple causation
economics q&a entries - analysis and evaluation
weesteps to evaluation presentation
latest on the uk economy:
uk economy at a glance
april 2011 presentation
putting things into context
10 ideas for a better paper
using evidence and examples
maintaining balance in your answers
multiple causation
economics q&a entries - analysis and evaluation
weesteps to evaluation presentation
latest on the uk economy:
uk economy at a glance
april 2011 presentation
Wednesday 13 April 2011
Thursday 24 March 2011
Friday 18 March 2011
Wednesday 16 March 2011
Tuesday 15 March 2011
Monday 7 March 2011
Tuesday 1 March 2011
Tuesday 22 February 2011
Thursday 17 February 2011
international competitiveness
international competitiveness relates to the the ability to continue the sell the right products at the right price.
ccc = product / price
product issues:
invention + innovation + design + branding + quality + uniqueness + awareness
price issue:
domestic price x exchange rate
domestic price is influence by inflation rates, competitveness of markets, demand and supply (cost / productivity) issues in general
any of which could be developed into a valid point
recent articles:
uk productivity feb 2011 (ons)
uk inflation feb 2011
research and development in UK plc (bbc feb 2011)
the future of uk manufacturing (guardian feb 2011) mp3 30mins
the worlds most innovative companies 2011 (spot the Brit)
ccc = product / price
product issues:
invention + innovation + design + branding + quality + uniqueness + awareness
price issue:
domestic price x exchange rate
domestic price is influence by inflation rates, competitveness of markets, demand and supply (cost / productivity) issues in general
any of which could be developed into a valid point
recent articles:
uk productivity feb 2011 (ons)
uk inflation feb 2011
research and development in UK plc (bbc feb 2011)
the future of uk manufacturing (guardian feb 2011) mp3 30mins
the worlds most innovative companies 2011 (spot the Brit)
Wednesday 16 February 2011
letters exchanged between BoE and HMT
letters page
debate rages within mpc (ft feb 2011)
bank must raise rates (ft 17/02/2011)
UK inflation muddle ft 25/02/11
worst cases of hyper inflation cnbc
Monday 14 February 2011
trade videos
comparative and absolute advantage pj holden
tariffs and protectionsim pj holden
quotas and protectionism pj holden
subsidies pj holden
tariffs and protectionsim pj holden
quotas and protectionism pj holden
subsidies pj holden
fault lines
Raghuram Rajan of the University of Chicago fault lines discussion
voted by academics the most influential economist of the post credit crunch world
the economist feb 2011
not so insightful "mistaking beauty for truth" nyt
"mathematics gave economics rigor, unfortunately it also give it mortis"
voted by academics the most influential economist of the post credit crunch world
the economist feb 2011
not so insightful "mistaking beauty for truth" nyt
"mathematics gave economics rigor, unfortunately it also give it mortis"
Thursday 10 February 2011
Wednesday 9 February 2011
Monday 7 February 2011
Thursday 3 February 2011
Tuesday 18 January 2011
Tuesday 11 January 2011
Wednesday 5 January 2011
recent macro articles
uk general
top 10 economic stories 2010 (telegraph)
uk economy in focus (t2u)
uk economy 2011 (econ help)
currency issues
chile intervenes to force peso down (ft)
top 10 economic stories 2010 (telegraph)
uk economy in focus (t2u)
uk economy 2011 (econ help)
currency issues
chile intervenes to force peso down (ft)
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