Economics at the Movies

Great fun resource for A Level economics insights:

Tutor2u Economics at the movies plays movie clip straight away

MoviesforEcon you need to have the DVD but an extensive catalogue

Great clip found on Quantitative Easing - thank you Rhys. If any of you find any other clips worth adding please comment.

Stretch yourself in Economics - learning from the greats

It’s time to stretch yourself – please comment on any other resources you would recommend or review resources as a comment.

Use Tutor2u's recommended list: click here

2011 List included:

Additional Reading – for the beach this summer; to stretch yourself; entertain you and impress examiners or for UCAS statements and University interviews:

Freefall: America, Free Markets, and the Sinking of the World Economy (2010) – Joe Stiglitz; very US focussed by Nobel prize Economist,   discusses the causes of the 2008 recession/depression and goes on to propose reforms. Among the policy-makers he criticises are George W. Bush and Barack Obama.

The Undercover Economist, Tim Harford, Little, Brown, 2006

- the author of ‘Undercover Economist’ columns in the FT looks at the economics of everyday, http://blogs.ft.com/undercover/.

Keynes: The Return of the Master is a 2009 book by economic historian Robert Skidelsky. The work discusses the economic theories and philosophy of  John Maynard Keynes, and argues about their relevance to the world following the Financial crisis of 2007 to 2010.

Butterfly Economics: A New General Theory of Social and Economic Behavior is a book by Paul Ormerod dealing with economic theory, published in 1999. The author uses a plethora of insect-related metaphors to show that an economy tends to function like a living organism and is thus able to learn and to adapt.

Alternative media

For a good summary of news articles and video links suitable for A level Economic students: http://tutor2u.net/blog/index.php/economics . ‘Debtocracy’ http://www.tutor2u.net/blog/index.php/economics/comments/debtocracy-what-greece-should-do-according-to-the-greek-people/

offers an alternative view to the Greek crisis.

Mr Gray’s favourite economist at the moment – Martin Wolf: http://www.ft.com/comment/columnists/martinwolf

Samuel Brittan’s column’s are always very thought-provoking:  http://www.ft.com/comment/columnists/samuelbrittan

Road to Serfdom – Hayek: an illustrated on-line version is available at: http://mises.org/books/TRTS/

The legendary TV series "Free to Choose" (1980) by Nobel Prize-winning economist Milton Friedman is now available on Google Video for free: http://miltonfriedman.blogspot.com/

Noreena Hertz, a leading economist has been described as: "one of the most powerful women in Britain" and "one of the greatest communicators of our generation." See her website: http://www.noreena.com/

Stephanie Flanders, the BBC’s Economics editor has her own website: Stephanomics - this is where she discusses the UK economy, how it relates to the rest of the world, and how it affects us all: http://www.bbc.co.uk/news/correspondents/stephanieflanders/

Econstories.tv

Great videos. Good and humorous way to learn about the battle of ideas. Essential viewing for As and A2 macro-economics.

Click here: http://econstories.tv/

Cover work ECON 4 Essay deadlines

Plan your response to the following questions:

Use your AS notes and the Cherwell Economics You Tube clips to help you>

Q9 http://www.youtube.com/playlist?list=PLDD9906E2D0AEA78B&feature=plcp

Q10 http://www.youtube.com/playlist?list=PL425A40D762065536&feature=plcp

June 2011 Essay 2

‘Inflation needs to be avoided at all costs but it is nowhere near as damaging to an economy as deflation.’

0 9 Explain how inflation is measured in the UK through indices such as the Retail Prices Index (RPI) and the Consumer Prices Index (CPI). (15 marks)

1 0 To what extent might it be argued that inflation is preferable to deflation? (25 marks)

Your plan for part 10 should be around a page long and follow the same structure as your AS 25 mark responses

Plan due in: Mon 25th 12EC E
Plan due in: Tuesday 26th 12 EC 1 and 2

Then write up as a full response taking care with your Quality of Written Communication in the following lessons:

12EC E Thursday 28 June - cover lesson due to Pre-Sixth
12EC 2 (Period 4 Room N5) 12 EC 1 (period 5 Room N1) 2 Friday 29 June

12EC E - Monday 2 July room change go to N2


Final Essay to be handed in
2 July 12 EC E
3 July 12EC C

Crash course in future Economics

For a simple guide to the economy that challenges and stretches your thinking, try the following. Great for Evaluation at AS and A2 Level Economics or for anyone new to the subject.

The Crash Course

Why Study Economics

When looking back 81% of Economics graduates said YES they would study Economics again. Here are some links that might help motivate you:
Why Study Economics website
Interviews with students

Econ 4 - The Euro and eve of exam

In response to a student concerning a practice Euro question:

"A key issue with any question regarding the UK and the Euro is not necessarily the pros and cons contained within the question but the deeper question of what impact it would have on the value of the pound. In the case of joining if the pound was to join would it have to fall in value to do so to obtain parity? Would this fall wipe out the cost gains associated with the removal of  transaction costs. If the question is about the UK’s attitude towards a weaker Euro then the concern would be that UK exports are becoming more uncompetitive unless we can cut costs, improve our quality or fin new customers in the BRIC countries."

For the pre exam talk I will be in Room 1 from 8.20am with a talk begining at 8.30am.

Mr Gray