Saturday, January 28, 2012

Adam Smith on the Benefits of Competition

In every profession, the exertion of the greater part of those who exercise it, is always in proportion to the necessity they are under of making that exertion... and, where competition is free, the rivalship of competitors, who are all endeavouring to justle one another out of employment, obliges every man to endeavour to execute his work with a certain degree of exactness... Rivalship and emulation render excellency, even in mean professions, an object of ambition, and frequently occasion the very greatest exertions.

Adam Smith, The Wealth of Nations, Book V, Chapter I, Part III, Article III. ed. Edwin Cannan, 5th Edition London: Methuen and Co. Ltd., 1904.

Wednesday, January 11, 2012

Britain: The Next European Superpower

http://uk.finance.yahoo.com/news/britain-next-european-superpower-093000022.html

January 2012 Economics Exams

ECONOMICS 1 6EC01 Edexcel 11 COMPETITIVE MARKETS 12/01/12 09:00-10:30 Wesley Church Nave

ECONOMICS 2 6EC02 Edexcel 11 MANAGING THE ECONOMY 18/01/12 09:00-10.30 Wesley Church

ECONOMICS 3 6EC03 Edexcel 11 BUSINESS ECONOMICS & ECONOMIC EFFICIENCY 23/01/12 13:30-15:00 Wesley Church

GOOD LUCK TO ALL WHO ARE SITTING FOR THE EXAMS!!!!!!

Economics Surgery

Please be informed that there will only be one surgery hour this term - every Monday, 12.15-1.15PM at the OMR.

If you need help outside class hours and surgery hours, feel free to e-mail me or your tutor.

Searching for Volunteers to Update the Blog

If anyone is interested in updating the Blog with latest Economic news, please e-mail me at itay@catscambridge.com and I can give you access! This could be a good opportunity for you assist in a virtual classroom environment and share your knowledge with your peers.

Unemployment in Graphics

http://www.bbc.co.uk/news/10604117

Unit 1 AS Students: Think about Labour Immobility in analysing the differences in unemployment rates across the UK

Thursday, January 5, 2012

12 Things That Will Be Less Expensive in 2012

Think about the demand and supply conditions that will make the price of these products to go down in 2012.



http://money.msn.com/saving-money-tips/post.aspx?post=beeaf2ec-fa1d-45a5-9f44-02c6e35ef599&ucsort=4