econ 3 exam prep

econ 3 mobile phones + macro resources jce

winning bids in 4G licence

battle for 3 place

Macro Overview May 2013

Macro overview from eclements

Environment problem and policy

wolf on climate change (ft may 2013)

Merit and Demerit Goods

ipr policy challenges for a range of issues - youth unemployment, smoking, environment

econ 3 + 4 glossary

euro debate - iea perspective

EU or Not EU

Overview Key points:

 •Well over half of UK merchandise trade is with the other nations of the EU single market

•Manufacturing remains a crucial source of UK exports – around 60% of total manufacturing output is exported – the UK is particularly strong in pharmaceuticals, vehicles, high-end engineering products including aerospace

•The UK now runs a trade deficit in crude oil and gas

•Overall the UK runs a large trade deficit in goods (>£100bn in 2011) and a rising surplus in services (>£75 billion in 2011). •Only 3% of UK exports go to China and less than 2% go to India – one of the key aims of macro policy in the coming years will be to increase the share of trade in goods and services that goes to faster-growing areas / regions of the world including the BRIC nations.

Britain inside the European Single Market / European Union

During 2012 it seemed that the suggestion that Britain might leave the EU single market and renegotiate her trade relationships with other EU countries was gaining support. “Brexit” is the media term used when discussing the costs and benefits of such a momentous decision. There are strongly held views on both sides of this debate

Recently Lawson has been vocal about UK exit: (also see twitter feed)

guardian 06 may 2013

daily mail 06 may 2013




 

flanders on eu costs and benefits (bbc april 2013)

a2 macro suggested paragraph structure