Some useful links:
Tutor2u http://www.tutor2u.net/economics/blog/a2-micro-oligopoly
Economics Help http://www.economicshelp.org/blog/glossary/concentration-ratios/
KInked demand curve https://www.coursera.org/learn/principles-of-microeconomics/lecture/DwbIg/the-price-leadership-model-the-kinked-demand-curve-model
Game Theory http://www.tutor2u.net/economics/reference/oligopoly-game-theory
Government regulation
Thank you to Ahmad in year 11 for finding this up-to-date article on Vodafone. "Under law Ofcom’s penalties are capped at 10pc of a company’s turnover for the specific period under question, but historically fines fall well below this threshold" http://www.telegraph.co.uk/business/2016/10/25/vodafone-braced-for-multi-million-pound-ofcom-fine/
Regulatory capture http://www.independent.co.uk/life-style/food-and-drink/news/is-the-british-nutrition-foundation-having-its-cake-and-eating-it-too-1925034.html
Monday, 17 October 2016
Monday, 10 October 2016
Thursday, 6 October 2016
Rational or irrational consumers
There is an essential case study here with useful links: http://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/teaching-materials/Rational-or-irrational-consumers-Theme-1.pdf
Also try Q4 and 5 from Gillespie: http://global.oup.com/uk/orc/busecon/economics/gillespie_econ3e/student/mcqs/ch03/
Tutor2u powerpoint on Behavioural Economics: http://www.tutor2u.net/economics/blog/what-you-need-to-know-if-you-are-teaching-behavioural-economics-for-the-first-time
Answer Q5 a and b http://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/Economics_AS_Collated_SAM.pdf
Also try Q4 and 5 from Gillespie: http://global.oup.com/uk/orc/busecon/economics/gillespie_econ3e/student/mcqs/ch03/
Tutor2u powerpoint on Behavioural Economics: http://www.tutor2u.net/economics/blog/what-you-need-to-know-if-you-are-teaching-behavioural-economics-for-the-first-time
Answer Q5 a and b http://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/Economics_AS_Collated_SAM.pdf
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
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
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/
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