Christmas Number 1

A favourite of mine at this time of the year is 'Fight of the Century - Keynes and Hayek going down - which can be found on this link:

http://econstories.tv/#lightbox

For the Keynesian household I would recommend the following on your Santa wish list: https://www.amazon.co.uk/Keynes-Return-Master-Robert-Skidelsky-x/dp/0141043601

For the Hayekian family your consumer surplus might be maximised if you get this free offer:

https://www.youtube.com/watch?v=0QD75lUm51s

https://mises.org/system/tdf/Road%20to%20Serfdom%20in%20Cartoons.pdf?file=1&type=document

https://www.amazon.co.uk/Road-Serfdom-Routledge-Classics/dp/0415253896

Y13 Terms of Trade

Often overlooked when it comes to revision but a vital insight into primary dependant emerging economies and the problems LEDC countries face:

http://www.economicshelp.org/blog/2016/economics/terms-of-trade-effect/

Aggregate Demand - tricky topics

Consumption - what is the wealth effect and how significant is it?
http://www.tutor2u.net/economics/blog/the-wealth-effect

Investment
Keynes 'Animal Spirits'
http://www.economicshelp.org/blog/glossary/animal-spirits/

Access to credit
https://www.amazon.co.uk/Keynes-Return-Master-Robert-Skidelsky-x/dp/0141043601
credit easing - http://www.bbc.co.uk/news/business-15908282

Demand for exports http://www.telegraph.co.uk/business/2016/09/21/exports-boost-car-manufacturing-in-august-as-industry-awaits-bre/

Government Spending http://www.economicshelp.org/blog/142/economics/what-does-the-government-spend-its-money-on/

Economics essay competition

Corpus Christi College, Cambridge
Year 12 Essay Competitions, 2016-17

We are pleased to announce that our 2016-17 Essay Competitions are now open to all UK students in Year 12 (Lower Sixth) or equivalent.

v   Christopher Marlowe Essay Prize in English

v   Corpus Essay Prize in Economics

v   E.P. Thompson Essay Prize in History

A maximum of two entries per school or college is invited in each of our competitions. The deadline for receipt of entries is 5 pm on Friday 17 February 2017. Important information about registering and submitting entries can be found via the following link: http://www.corpus.cam.ac.uk/wp-content/uploads/old/Corpus-Prize-for-Economics-2016-17.pdf

A pot of £500, including a First Prize of £300, is available for each competition. Prize-winners and other highly commended entrants will be notified by letter in March 2017 and invited to a lunch at Corpus Christi on Saturday 6 May 2017.

Price Elasticity of Supply

Don't get confused with PED, couple of useful videos here to sharpen your understanding of Price Elasticity of Supply (PES):

PAJ https://www.youtube.com/watch?v=20b_zVHmZG0

Tutor2u https://www.youtube.com/watch?v=H8VLO6as7pc&spfreload=5

Consider the different implications of supply shifting out and becoming more price elastic (less price-inelastic) or swiveling around on one point as it becomes more price elastic.

Aggregate Demand

Good link here on Aggregate Demand data: https://www.ifs.org.uk/uploads/gb/gb2016/gb2016ch2.pdf

UK Economic Performance

Tutor2u have produced some excellent charts on the UK http://www.tutor2u.net/economics/blog/ten-charts-on-the-uk-economy-october-2016