Interest Rates Held Until Unemployment Falls

Bank of England governor Mark Carney has said the Bank will not consider raising interest rates until the jobless rate has fallen to 7% or below. This would require the creation of 750,000 jobs and take up to three years. Follow the link to see how optimistic Carney was about the UK Economy.

Interest Rate Promise

Tiger Economies

China has been following the Asian development strategy pioneered by Japan from the 50s to the 80s, and then pursued by the "Tiger" economies of Korea, Taiwan, Hong Kong and Singapore. Unfortunately for China, its population is almost seven times those of Japan & the Tigers combined. So its impact on the rest of the world has been far bigger, and its room for manoeuvre more limited.

China Slowdown

Has the UK economy turned the corner?

ONS data shows that Britain avoided recession with 0.3% GDP growth in the first quarter but do you think it's enough? See what the rest of the public think and place your vote on how confident you are the UK economy has turned the corner. Just follow the link.

UK Economy Poll

Austerity: Is the EU changing tact?

Has austerity become a dirty word? And more important than the language, has the policy changed? Check out this great article for A2 Economics Global to find out some more.

Austerity

Baltic Ambition

Lativa looks likely to become the euro zone's 18th member next January. What advice can Latvia take from what Estonia have managed to achieve?

Baltic Ambition

Estonia Advice To Latvia (Video)

UK Avoids Triple Dip

The UK economy has avoided falling back into recession. The Office for National Statistics said its preliminary estimates for GDP, showed the economy grew by 0.3% in the first three months of the year.

UK Avoids Triple Dip

Inflation Rise To 2.8%

UK inflation as measured by the Consumer Prices Index rose to 2.8% in February from 2.7%, thanks in part to rising energy prices. This article explains the consequences this may have on the economy and why inflation may be set to continue to rise.

Inflation 2.8%

High Inflation Can Be Helpful

The high inflation plaguing the UK's economy is better than the alternative of higher unemployment, top Bank of England policymaker David Miles argued over the weekend.

High Inflation

Europe's Political Football of Austerity

The Champions League quarter final between Borussia Dortmund and Malaga is a metaphor for the economic and political fault lines of Europe. Can you think of what each club may represent? Find out more in this interesting article by following the link.

Football Austerity

Trade or Bust?

Tuesday's survey by the British Chambers of Commerce, which indicates that overseas sales of goods and services by UK companies may be recovering a bit faster than expected, matters a good deal. Find out more by checking out the article.

Trade or Bust

Most Wanted!

What are the most in demand jobs currently around the world? More and more people are migrating but which countries are demanding which jobs? Check out the chart by following the link. Consider why the wage rate may be so high for these jobs using demand and supply of labour.

Migration Round The World

Britain Without London

What would Britain be like without London? It is the financial hub of the country with a large proportion of GDP generated by the capital alone. Stephanie Flanders investigates this interesting scenario.

Letting London Go

Scoop It - Global Economy

As part of your Easter Buddy work here is the link to all the great stories that form part of your wide reading for the global economy pre-release case study.

Scoop It A2 Global

Cyprus Bailout

Cyprus struck a last-minute bailout deal aimed at preventing the island becoming the first country forced out of the single European currency. Find out more about this story by following the link below.

Cyprus Bailout

Understanding Economics...

Excellent cartoon which helps us explain how we need to be able to make the links between causes and consequences that occur in Economics.

A Decade of Rot?

As mentioned in class Zombie Britain is a series of small films as apart of Channel 4 news and their build up to the budget. If you haven't managed to catch them then read up here on what Faisal Islam has to say on what he calls a decade of rot for the UK economy. Even better you can follow Faisal on twitter @faisalislam

Zombie Britain

Tax Cuts To Solve Crisis?

We can't spend our way out of economic crisis. But we can cut taxes. The consensus is against austerity but throwing money at the problem is not the answer. Fiscal stimulus can come from tax breaks too. Great reading for AS economists about some concepts of policy and AD/AS. Can you draw the diagrams?

The Budget Plans

If You Were Chancellor...

The chancellor will announce his fourth Budget on Wednesday 20th March at 12:30. This will set out the government's fiscal policy and plan of spending for the next few years. If you were chancellor what would you be considering?

What would you do?

Still Racing Ahead

China is now the world's second-largest market for "premium" cars and it estimates that China will surpass America by 2020 to become the world's biggest consumer. Essential reading for students studying the AS Plc case study!

China Car Market

E-Books In...Champagne Out

Office for National Statistics notes recent increases in the number of people reading books digitally as it adds ebooks to the new basket of goods.

Inflation Basket