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Bad economics. Faced with the choice of high prices or empty shelves what would you choose? bbc.co.uk/news/uk-657431…

Price of a Big Mac by country 🇨🇭 Switzerland: $7.26 🇺🇾 Uruguay: $6.85 🇳🇴 Norway: $6.59 🇸🇪 Sweden: $5.62 🇩🇰 Denmark: $5.41 🇦🇷 Argentina: $5.31 🇺🇸 US: $5.15 🇦🇺 Australia: $5.11 🇸🇦 Saudi Arabia: $5.06 🇦🇪 UAE: $4.9 🇬🇧 UK: $4.67 🇨🇦 Canada: $4.57 🇸🇬 Singapore: $4.47 🇧🇷 Brazil: $4.44

I wonder if any @EconomicsSes students used UBI in their Paper 3 essay on micro/macro policies to reduce inequality today?

Students of @economicsses know the causes and the effects here. Don't we? Some good revision of concepts for Y12 ahead of end of year macro exam next week. bbc.co.uk/news/business-…

"The level of competition is important. In Germany, more than 40% of the market is made up by the discount supermarkets... In the UK, it doesn't include the discounters, Aldi and Lidl, which make up 17% of the UK grocery sector." 🤔bbc.co.uk/news/business-…

Nominal vs real wages. @economicsses "In cash terms, basic pay is now growing at its fastest since current records began, apart from the period when the figures were distorted by the pandemic. However, even so, wage rises continue to lag behind inflation." bbc.co.uk/news/business-…

"In her 2018 book, What Would the #GreatEconomists Do? Linda Yueh explores how the ideas of 12 world-changing thinkers could solve the great economic problems of today." mybs.in/2cFSEju

Yes you are. Yes you do. @EconomicsSes

UK inflation shock paves way for interest rate hikes @EconomicsSes bbc.co.uk/news/business-…

🧵 Why is Britain facing higher inflation than any other G7 member? How did the Bank of England get so far behind the curve? Why will UK households end up facing higher interest rates than anyone expected a few years ago? Best place to begin: cucumbers. Yes, really: cucumbers 🥒

Andrew Bailey sets out the reasons behind today’s decision to raise interest rates.

The graph below shows how well the richest Top 1% have done across different countries over the past 200 years. Some interesting patterns explored in 🧵. #dataviz

A reminder of why we need competition policy: - Morrisons' and Asda's targeted fuel margins for 2023 had doubled and tripled respectively since 2019 - Sainsbury's and Tesco had followed suit and raised their prices, suggesting competition had "weakened" bbc.co.uk/news/business-…

For a couple to be classified as being in "relative poverty" they would receive an income of less than £15,400.... those who left the workforce in 2020-21 were "much poorer" compared with those who had retired a year later. bbc.co.uk/news/business-…

Supernormal profits - World’s 722 biggest companies ‘making $1tn in windfall profits’ tutor2u.net/economics/blog… via tutor2u @EconomicsSes

Interesting data here. Yorkshire less income per capita than Mississippi.

Microsoft wants to buy Activision to add more titles to its Xbox Game Pass... rivals such as Sony have objected to the deal, concerned that it could stop access for games. More than half of UK copies of the new Call of Duty were for PlayStation.bbc.co.uk/news/business-…

This is a worthwhile read for young economists. Creative destruction on the UK high street. @EconomicsSes

The agency said the upgrade reflected its view that, in line with Greece’s “impressive” record, “the Greek authorities will remain committed to fiscal responsibility, ensuring that the public debt ratio stays on a downward trend” @EconomicsSes

It's been some time in the making, but here is the new Institute for Fiscal Studies A-level resource website. It's full of content to challenge students beyond the syllabus. Take your time to explore the resources and share it with fellow Economics teachers and students. ifs.org.uk/microsite/leve…