Friday 17 December 2010

EU Agrees on Permanent Eurozone Rescue Fund


EU leaders have agreed on a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation Eurozone.


UK Banks at Risk from Eurozone


European Inflation - All You Need to Know


The European Commission's Econmics & Financial Affairs division have put together this very informative guide to measuring inflation in the EU.


Wednesday 15 December 2010

Tuesday 14 December 2010

Thursday 9 December 2010

Life Skills - Why it is Important to Save Early


This is a great animation which illustrates the importance of saving for your pension at an early age.



Floow the link to see just how much your savings can accumulate with compound interest.

Monday 6 December 2010

A Eurozone Bond is Being Considered


An 'E-Bond' would be created which is common across all countries to help raise public money.


The bond does not currently have the support of all Eurozone members.


Thursday 2 December 2010

The US Budget Deficit - How Big is $1trillion?


The article is about the scale of the budget deficit in the US.


Scroll down (would be better if you read the article aswell though!) to look at the graphic which illustrates the scale of this debt.


Friday 26 November 2010

Spain issues 'Patriot Bonds' to Relieve Financial Pressue


The blame in Spain.... for the fiscal crisis is placed at the feet of regional governments who spent too much during the boom years.


Each region will now sell its own 'patriot bonds' in an effort to raise revenue.




This article is from The Times so please see me for log-on information.

Euro falls Ahead of Portugal Austerity Vote


Fears that the Irish debt crisis will spread to other countries has lead to a fall in the exchange rate value of the Euro.


Thursday 25 November 2010

Germany Nearing Full Employment


Astonishing given the curernt economic climate amongst the Eurozone countries.


The German economy will hopefully take others with it as it powers ahead into the new year.


MPC Split on Backing Government's Deficit Plan


Leaving the Euro - How Would it Work?


Another excellent discussion from the BBC.


Cambridge Essay Competition


Follow the link to find out more about this prestigious competiton.

Friday 19 November 2010

Europe's Bad Debt Dominoes


Follow the link to the BBC article which makes reference to Europe's struggling economies...

Thursday 18 November 2010

Q&A Republic or Ireland Finances


Another helpful explanation from the BBC which explains the crisis facing Ireland and how it may impact upon other countries.


Tuesday 16 November 2010

Wednesday 10 November 2010

Fear the Boom and Bust - Keynes vs Hayek - THE LYRICS


Now you can sing-a-long to your favourite economics rap!


'Fear the Boom and Bust' - Keynes vs Hayek... lyrics here...

Currency Wars: What Are They and Why Do They Matter?


This is a great graphic from the BBC which answers the above questions.


Monday 8 November 2010

G20 Showdown Expected Over America's QE


Anger at US flooding world economy with 'cheap money'.


Thursday 4 November 2010

Wednesday 3 November 2010

A Guide to the US QE Programme


This is a very useful resource which explains the 'whys?' and the 'whats?' of QE in America.


Monday 1 November 2010

EU Leaders Clinch Pact to Defend Euro


EU leaders say tough new budget rules will protect the euro from a "Greek-style" crisis.


Read the following important reports from the BBC:







What is Behavioural Economics?


Follow the link to find out more about this interesting combination of psychology and economics.


Monday 25 October 2010

What's the Currency War About?




Deficit countries, surplus countries, the Eurozone, China, Japan and the simmering tensions...


Friday 15 October 2010

QE in the UK Could Net the Treasury £7.75bn per Year


Good news for the Treasury...


The BoE is sitting on almost one quarter of the Gilts bought as a result of the QE programme (Asset Purchase Scheme). This entitles the BoE to around £7.75bn in interest payments.


The BoE retains this money to cover any losses made as a result of QE. However, should it make a profit then this will go to the Treasury - this helps alleviate the strain on the public sector finances.


Dollar Hammered Amid Fears of QE in the US


The dollar falls in value worldwide amid fears that the US Fed will print another $1 trillion.


Thursday 14 October 2010

Why Emerging Markets Pose a Threat to Western Prosperity


A useful interview to listen to if you are writing a dissertation about the BRIC economies or developing economies in Africa.


Monday 11 October 2010

War of the World (Currencies)


As mentioned in class - this is a news story you need to be following!


Read the article in the Wall Street Journal to find out why currency wars could mark the end of free trade...

Thursday 7 October 2010

The Global Debt Clock


Follow the link to access The Economists interactive global debt clock.

Currency wars Threaten Global Economic Recovery


Manipulating their currency has become government's new weapon in the battle for economic recovery.


Tuesday 5 October 2010

When is Inflation Good?


When it creates expectations of future price rises thus encouraging us to spend more now.

Governments are doing whatever they can to stimulate consumer spending once again.


Poor Countries or Poor People - Who Gets Aid?


Almost 3/4 of the "bottom billion" live in middle income countries. Only 1/4 live in the poorest states (mainly in Africa).


This poses a very interesting question for economists... "who needs aid: poor people or poor countries?".


Monday 4 October 2010

The One Payment Benefit System


Huge changes are being made to the benefits system to streamline the process and cut costs (austerity measures).


How to Spend to Mend the UK Economy


We have receiently been given advice as consumers that they way to mend our economy is to spend our way into recovery.


What exactly should we be spending our money on?


Millenium Development Goals Progress


Many of you are looking at economic development in your dissertations this year.


This article from the Economist looks at how many of the goals have been achieved and offers a critical view as to the extent they have contributed towards economic growth in the world's poorest economies.




The EU - Interactive Data


The Economist has a great interactive data tool for the EU covering growth, budget deficits, unemployment...


This will make a useful resource for dissertations.




Attaching Blame for the Financial Crisis?


We now what is to blame for the crisis but who is to blame is debatable.

This London School of Economics lecture/slideshow goes some way to explain who the main culprits are.

Follow the link...

Thursday 30 September 2010

The Economics of Water Shortages


Class - this article reflects some of the issues discussed in the film I watched on Tuesday. It could make an interesting dissertation topic.




Wednesday 29 September 2010

MPC Member Call for Further QE


Calls for further QE in order to avoid stagnation.


New EU Sanctions to Punish Deficit Rebels


The European Commission is plannining to unveil its new plans to fine countries that run large budget deficits which pose a threat to the Euro.
We will be covering this in class so I advise you to read the article...

Tuesday 28 September 2010

The IMF Supports the UK's Fiscal Austerity Plans


"The UK economy is on the mend. Economic recovery is under way, unemployment has stabilised, and finacial sector health has improved", the IMF said.


Consumers told to Spend, Spend, Spend!


Hmmm, perhaps this advice would be easier to follow if we were all richer.


Read the article yourselves to decide whether this is the right way to invigorate our economy...

Friday 24 September 2010

Gordon Brown: The US and the UK must coordinate economic policy


Gordon Brown has warned that the UK and the US risk a decade of high unemployment and low growth unless new policies are implemented to improve cooperation and coordination.