Can the UK ever pay off its debts?

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When people talk of UK debt, they usually refer to government debt. This is debt the government has borrowed to finance budget deficits (when government spending is greater than taxation revenue) There is also external debt, which is the net amount the UK (private and public sector) owes abroad. This external debt is high (2011, …

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The link between Money Supply and Inflation

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In theory, there is a strong link between the money supply and inflation. If the money supply rises faster than real output, then prices will usually rise. This means if a Central Bank prints more money, we will often (though not always!) get higher inflation. Explanation of why increased money supply causes inflation The money …

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Generation rent – definition and causes

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Generation rent is a term to describe those young adults (18-40) who have been priced out of the housing market – unable to buy and having to pay a high percentage of income on rent. As well as an expensive housing market, generation rent faces financial difficulties from high living costs, student loans and low …

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Problems and strengths of the Chinese economy

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Since 1980, China has experienced an economic miracle with over three decades of economic growth averaging over 10% a year. This growth has enabled millions of people to be lifted out of absolute poverty and for China to become one of the most dominant economies in the world. Problems facing Chinese economyWatch this video on …

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The problem with printing money

money-supply-inflation

Readers Comment. Why doesn’t the Bank of England just print the money instead of borrowing the money? Printing more money doesn’t increase economic output –  it only increases the amount of cash circulating in the economy. If more money is printed, consumers are able to demand more goods, but if firms have still the same …

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Who are the winners and losers from inflation?

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Inflation is a continuous rise in the price level. Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay …

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AQA economics A level revision guide

aqa-alevel-revision-guide-ebook
  • Specific AQA A-level economics revision guide – just £8.95
  • Updated for the new AQA economics syllabus.
  • Last updated June 2022.
  • Trademark simplicity and clarity of presentation.
  • This product is an E-book (comes as pdf) – sent straight after purchase
  • Significantly expanded on the previous version, with not just required knowledge, but also examples of evaluation for each topic.
  • For schools – See: Network License – A-level AQA Economics (£105.00) – Network license allows unlimited use within a single educational establishment.
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