Monday, 3 October 2016

Specialisation and Division of Labour

Useful application to the Ford Assembly line: http://www.history.com/topics/henry-ford/videos/history-of-the-holidays-the-story-of-labor-day

Past exam questions:

 2013 http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/6EC01_01_que_20130513.pdf

2014 http://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2013/Exam%20materials/Question-paper-Unit-1-(6EC01)-June-2014.pdf

2015 http://qualifications.pearson.com/content/dam/pdf/A-Level/Economics/2013/Exam-materials/6EC01_01_que_20150511.pdf

Comparative Advantage Theory

Accurately defined - http://www.economicshelp.org/blog/glossary/comparative-advantage/
Explained in 60 seconds - https://www.youtube.com/watch?v=U12yZXBmQmY
A useful numerical example and criticisms - http://www.economicsonline.co.uk/Global_economics/Comparative_advantage.html
Trade quiz: http://news.bbc.co.uk/1/hi/business/3201185.stm
Trade negotiator: http://news.bbc.co.uk/1/hi/business/6183887.stm
TPP: http://www.bbc.co.uk/news/business-32498715
China: http://www.bbc.co.uk/news/business-36877573
Trade Patterns: http://www.economicsonline.co.uk/Global_economics/The_pattern_of_trade.html
UK Trade Patterns https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32114/10-803-uk-trade-performance-growth-patterns.pdf

Sunday, 2 October 2016

Economist of the week - John Kay

Fascinating interview about the world financial crisis on BBC Radio 4's Today programme with John Kay brought me to his website - worth a listen to the interview and a look at his  other articles: http://www.johnkay.com/