It's almost unbelievable how bad today's incomes data is - slightly worried it's going to be lost under the (understandable) virus focus. Poorer families lost 7% of their incomes over the last 2 years - hugely important and hugely grim.

Cartels need coordinated support by all members to control supply

Key economic focus needs to be supporting businesses to ensure what is hopefully a short lived event doesn't lead to them going under and hence hitting long term growth and living standards. Policy will need to be timely and targeted.

AD=C+I+G+(X-M). A level economists are familiar with the strain taken by C. David Smith considers how Rishi Sunak might rebalance activity with a push to I. Long run benefits; however, costly and subject to time lags.

Not since the dawn of modern capitalism has the UK government been able to borrow as cheaply as it can today. This chart shows you long-term UK govt bond yields since 1703 (consols then and 30yr bond in more recent yrs)

Coronavirus: Bank of England makes emergency interest rate cut theguardian.com/business/2020/…

Extraordinary monetary policy move from Bank of England to provide maximum possible monetary stimulus. Rates cut to all time record low of 0.1% Biggest ever announcement of asset purchases (ie QE) of £200bn in corporate and government bonds, designed to lower longer term rates

For students a bit lost with exams being cancelled, Ivy League schools eg Harvard are making their online courses free to all, you can then choose to pay for the certificate at the end if you want the actual but of paper. Wouldn’t look bad on a CV though? bit.ly/2U68vgm

Is the world facing a hysteretic shock? UnHerd unherd.com/thepost/is-the… #econ4

This looks a VERY generous offer: "Each day of August I will be sharing revision material and activities with a view to covering all (or nearly all) of the year 12 economics specification." To register go to bit.ly/3fJo2v2

Great read: Economics and the Culture War by Robert Skidelsky Project Syndicate prosyn.org/KnAg0nf

A great podcast if you are teaching exchange rates - the benefits of a fixed exchange rate and the pressures that can be put on them! One of the greatest economic (and political) events in the last few decades explained by the people involved. bbc.co.uk/sounds/play/m0…

Good summary of current EU-UK trade negotiations

Taiwan's early emphasis on exports vindicates the power of economic ideas piie.com/blogs/trade-an…

Great ‘stretching’ article on tourism as a growth strategy for South European countries within the EU. Exemplary academic writing style for students to consider. onlinelibrary.wiley.com/doi/full/10.11…

Great example of localisation video from the WSJ: McSpaghetti? How McDonald’s Crafts Its Country-Exclusive Menus | WSJ The Economics Of (youtube.com)

Denmark's farmers face $100 tax per cow econfix.wordpress.com/2024/08/04/den…

Quota and Allocative Efficiency econfix.wordpress.com/2024/08/12/quo…