Search Results for: economic impact

WJEC AS economics revision guide

  • Specific WJEC / Eduqas AS-level economics revision guide – just £5.50
  • Updated for the new WJEC economics syllabus
  • Last updated June 2022.
  • Trademark simplicity and clarity of presentation.
  • E-Book (pdf format)
  • Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
  • It comes in pdf format and is sent within a couple of hours after purchase.
  • For schools – See: Network License – AS-level WJEC Economics (£45.00) – Network license allows unlimited use within a single educational establishment.

A-level WJEC revision guide

Applying economics in everyday life

At the start of the academic year, I always feel a little pressure to justify the study of economics. Students come up asking things like, should they do economics or history? It’s hard to know what to say, but to get people excited about economics it’s good to try and think how economics can be …

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Impact of Immigration on UK Economy

In the past two decades, the UK has experienced a steady flow of net migrants into the economy. The 2016 Brexit vote has led to a sharp fall in net EU migration, but to a large extent this has been offset by a rise in non-EU migration. This net migration has had a wide-ranging impact …

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Common Mistakes in Economics

misery-index

Some potentially common mistakes in economics. 1. Confusion of rates of change and actual levels What happened to the UK price level between May 2011 and Feb 2015? The answer is that prices rose at a slower rate. There was a fall in the inflation rate. Prices were still rising just at a lower rate. …

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Policies for Economic Growth

policies-for-economic-growth

Government policies to increase economic growth are focused on trying to increase aggregate demand (demand side policies) or increase aggregate supply/productivity (supply side policies) Demand side policies include: Fiscal policy (cutting taxes/increasing government spending) Monetary policy (cutting interest rates) Supply side policies include: Privatisation, deregulation, tax cuts, free trade agreements (free market supply side policies) …

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Economic Depression – Definition

US-real-economic-growth-depression

There is no absolutely agreed definition to a depression. But I would define a depression as  A deep and long-lasting period of negative economic growth, with output falling for at least 12 months and GDP falling by over 10%. A depression means the economy experiences a significant fall in output, higher unemployment and disruption to …

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Economic effects of a pandemic

projected-impact-of-pandemic-on-eu

The Coronavirus has already led to disruption in manufacturing output, foreign travel and consumer demand. If the virus spreads and becomes a pandemic, what will be the likely economic effects? In short, a global pandemic will have a serious supply-side impact – especially on foreign travel, manufacturing and investment. The uncertainty and decline in travel …

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How the covid virus turned economics upside down

how-covid-changed-economics

The Covid virus has created circumstances where many economic rules, teachings and assumptions don’t apply in the same way. GDP is no longer everything. In economics, GDP is usually the most visible goal, with economic policy often focused around maximising economic growth. The virus forces us to shift priorities – rather than worrying about GDP, …

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