The causes of, and some possible solutions to the gender pay gap:
eddiesnotes.blogspot.com/2023/09/unveil…

Argentina's central bank slashed the benchmark interest rate to 50%, marking the fifth adjustment since December. President Javier Milei's administration has prioritised stringent spending cuts since December to combat inflation.

Price elasticity of demand is the relationship between quantity demanded and price. This video explains the concept at its most basic level.
youtu.be/FEYo1HLsocQ?si…

Last week, Argentine President Javier Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2% of GDP, an astonishing achievement for a country that has run deficits for 113 of the last 123 years.
telegraph.co.uk/business/2024/…

Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by GDP per capita, all above $100,000.
visualcapitalist.com/mapped-europes…

The elimination of SNP in Long-run Perfect Competition requires two diagrams in the exam, one representing the industry and the establishment of the equilibrium price, and a second depicting the firm which initially earns SNP, but only in the short run.
youtu.be/Hm_oAldCP1I?si…

In this week's podcast the topics covered include:
the PPF;
different PED's along the demand curve; and
the difference between GDP and GDP PPP.
open.spotify.com/episode/5kstnK…

A low rate of inflation can mask the true decrease in the purchasing power of money.
This video illustrates how the consumer basket of goods can increase in price by 55% over a decade, despite the rate of inflation never exceeding 6.7%.
youtu.be/mM53n2Hr-Fo?si…

The key distinction between GDP and GDP PPP lies in international comparisons of the purchasing power of different currencies. While GDP reflects the economic output, GDP PPP compares the actual living standards of a nation relative to other countries.
rb.gy/gvxp25

Carbon tax is regressive as it disproportionately affects the less well off. The latest increases, which take effect today, are expected to raise €788 million. This is ring-fenced for climate action related supports.
rte.ie/news/business/…

There are only three possible answers to a typical PPF question in LC Economics, resources either:
increase,
decrease, or
they stay the same (and there is an increase in production in favour of one product).

In the podcast this week:
What makes Monopolistic Competition monopolistic?
How can you pick up extra marks in diagrams questions?
Should firms in Perfect Competition advertise?
open.spotify.com/episode/6TAHyA…

AstraZeneca has admitted that its Covid vaccine can cause a rare side effect, which could be an example of market failure. Fifty-one cases have been lodged in the High Court, with victims seeking damages up to £100 million.
telegraph.co.uk/news/2024/04/2…

There is serious concern about how the transition to electric vehicles has stalled over the first quarter of 2024. Petrol power lead the new-car market share of 33.37%, followed by diesel at 23.05%, hybrid 21.33%, electric 12.69% and plug-in hybrid 7.92%.
m.independent.ie/irish-news/ele…

In 2023 the Gross General Government Debt was €220.7bn (43.7% of GDP) compared with the 2022 figure of €224.7bn.
General Government Expenditure was €115.4bn in 2023 compared to €107.3bn in 2022
General Government Revenue was €123.7bn in 2023 compared to €116.0bn in 2022

83% of professionals have pension cover compared to only 48% of skilled trade workers.

Why employees have no pension?
• 43% Can't afford it
• 43% Haven't organised it yet.

Of workers who don't have a pension: • 59% expect to rely on the State Pension on retirement

Reputable media outlets from Reuters to the Irish Times make it increasingly difficult for Economics teachers when they cannot establish a consensus on the issue of climate-change. It seems that everywhere is warming faster than everywhere else. eddiesnotes.blogspot.com/2024/04/climat…

In this episode of the podcast I explain how lower inflation is still bad news for the consumer, the reasons for price rigidity in Oligopoly, and how much data you need for the exam in June.
open.spotify.com/episode/4hYE4X…

Inflation may be coming down, but prices are still increasing. Chief Secretary to the British Treasury, Laura Trott MP seems to struggle with this concept. She does perhaps make a good case for compulsory Economics in our education systems?
youtu.be/ubpy4RzB3sw?si…

Consider the opportunity costs involved as Tánaiste Micheál Martin defends the State paying up to €1 million a month ('up to €20 per pet per night, but it varied from centre to centre”) for the transport and accommodation of pets from Ukraine.
irishtimes.com/politics/2024/…