Blog
Rising interest rates Free
There has been a breathtaking change in the approach to monetary policy in the US over the last 12 months. On Wednesday 2nd November Jerome Powell the head of the Federal Reserve (US central bank) announced...
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Activities and simulations
This page provides a short cut to a range of activities and simulations available on the site. Microeconomics Gold exchange game - demand and supply Diminishing returns game Macroeconomics Circular flow...
Blog
Supply of a demerit good Free
There has been a huge increase in the output of cocaine from Columbia in the last 12 months. The country’s production of the coca plant which is used to produce cocaine increased by 14% last year to 1400...
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Measuring economic well-being
In his book, An Economist’s Lessons on Happiness: Farewell Dismal Science! (2021) Professor Richard Easterlin explains how personal happiness can be measured along with ways of improving people’s happiness...
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Inequity
text Zambian born economist, Dambias Moyo started out with an undergraduate degree in Chemistry, and went on to do an MBA at the American University in Washington DC, an MPA at Harvard University and...
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Inequality
Could Elon Musk become the world’s first trillionaire? It is very difficult to keep track of the wealth of the world’s richest people, but the planet’s wealthiest entrepreneurs seem to be getting richer...
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Foreign currency
In March 2019 the Nigerian government banned access to foreign exchange for textile businesses. This put textile manufacturing firms in Nigeria in a tight spot because they could no longer get the Chinese...
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Exchange rates
One of the consequences of the military conflict in Ukraine has been the movement of money into ‘safe-haven’ investments such as gold, silver and platinum. The price of gold, for example, has risen to...
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Economic development
The political instability that comes with the forced takeover of a country like the situation in Afghanistan, has a ‘shock’ effect on the economy at a micro and macro level. What are the economic consequences...
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Balance of payments
Questions Answers Bangladesh’s balance of payments current account is a casualty of rising world energy prices. The country’s import expenditure on oil and gas has increased dramatically as the price...