What are the most in demand jobs currently around the world? More and more people are migrating but which countries are demanding which jobs? Check out the chart by following the link. Consider why the wage rate may be so high for these jobs using demand and supply of labour.
Wednesday, 27 March 2013
What would Britain be like without London? It is the financial hub of the country with a large proportion of GDP generated by the capital alone. Stephanie Flanders investigates this interesting scenario.
Tuesday, 26 March 2013
Monday, 25 March 2013
Nestle has recalled four Kit Kat Chunky variants and an Easter egg after seven shoppers found pieces of plastic in the product. With just a week to go till Easter this is a massive dent in the consumer confidence and highlights issues of quality control and reputation.
Cyprus struck a last-minute bailout deal aimed at preventing the island becoming the first country forced out of the single European currency. Find out more about this story by following the link below.
Tuesday, 19 March 2013
Volvo eye 'responsible' car buyers as it looks to the future with its new models that will differentiate themselves from gas guzzling rivals. Will they gain the same first mover advantage that maybe AS plc are trying to gain?
Bentley may assemble its next new model in Bratislava, Slovakia. It would be the first time a new Bentley model would not be made in its factory at crew. Consider how this may link to the AS plc case study scenario? Why would they move?
Monday, 18 March 2013
As mentioned in class Zombie Britain is a series of small films as apart of Channel 4 news and their build up to the budget. If you haven't managed to catch them then read up here on what Faisal Islam has to say on what he calls a decade of rot for the UK economy. Even better you can follow Faisal on twitter @faisalislam
There are more than a billion cars in the world today - and by the middle of the century there could be up to four times as many, as the growing middle classes of countries like India, China and Brazil seek the freedom and status car ownership appears to offer.
Sunday, 17 March 2013
We can't spend our way out of economic crisis. But we can cut taxes. The consensus is against austerity but throwing money at the problem is not the answer. Fiscal stimulus can come from tax breaks too. Great reading for AS economists about some concepts of policy and AD/AS. Can you draw the diagrams?
Supermarkets sense that size may no longer be key to conquering universe as Tesco finds its mega stores are a waste of space and Morrisons make a late bid to get online as grocers adapt to new habits. Excellent ideas behind economies and diseconomies of scale here! Follow the link below.
The world of luxury lives despite the global recession. Check out some of the items of the website BornRich which include the world's most expensive shirt made of 22-karat gold which would cost you $235,000. Think about the level of quality and skill required to be able to charge these amounts but also the customers which are paying for them.
Thursday, 14 March 2013
The chancellor will announce his fourth Budget on Wednesday 20th March at 12:30. This will set out the government's fiscal policy and plan of spending for the next few years. If you were chancellor what would you be considering?
China is now the world's second-largest market for "premium" cars and it estimates that China will surpass America by 2020 to become the world's biggest consumer. Essential reading for students studying the AS Plc case study!
Heinz has launched a sweet chilli tomato ketchup on Facebook this week. It is being sold in a cloth jacket designed by pop artist Orla Walsh, and will be available in two designs - limited to 557 copies of each - varieties! Lots going on here in terms of marketing, branding & endorsement...but will it be a success?
Tuesday, 12 March 2013
With almost a week to go the excitement for all economists about the budget 2013 is beginning to build. Keep up to date on all things budget through the link below. This is essential stuff for AS Economists.
When George Osborne became chancellor in 2010, he didn't only want to fix the hole in the public finances he wanted to also balance out the economy. But what has he actually achieved?
Wednesday, 6 March 2013
9 tricks that shops use to get you to spend more. Convincing shoppers to part with more cash can be as simple as putting the price in red or tucking everyday items at the back of stores. Read through the article and see how many you have fallen for!
Tuesday, 5 March 2013
Brilliant resource for Year 11 students looking at the AS Plc. pre-release as the BBC takes a look around at all the luxury cars that are being put on show at the Geneva motor show. Can these companies continue survive selling luxury model cars in such a harsh economic climate?
Monday, 4 March 2013
Tourism Australia is reviving one of its most successful PR and advertising strategies - the "Best Job In The World" competition. The tourist board is now building on the initiative with a new campaign based on offering six very alluring jobs paid in the region of £67,000 each for six months. All to aim to encourage the younger tourist to travel to Australia and work & promote their visit to others.
A very interesting article written by the guardians Mark Serwotka who offers a 10-point plan to boost the economy in the public interest, in place of the government's failing approach. Have a read and at the end you can vote to see if you agree.
Up to 15 miners have been fired for performing the dance craze 'harlem shake' underground in an Australian gold mine, according to reports. The stunt breached "core values of safety, integrity and excellence". Have the firm acted correctly here or is this unfair dismissal?
The price of a pint has jumped from 73p to £3.18 in a survey that highlights the falling value of money. Check out how other prices have faired over the past 30 years and how purchasing power has been crushed by the spiralling costs of everyday living.