Models Behaving Badly

http://www.project-syndicate.org/commentary/why-forecasts-of-economic-recovery-have-been-wrong-by-robert-skidelsky

Oxford Study: Death surge linked with mass privatisation

http://www.ox.ac.uk/media/news_stories/2009/090115.html

UK Unemployment falls to 7.8%

http://www.bbc.co.uk/news/business-20691842

Autumn Statement: At-a-glance summary of key points

http://www.bbc.co.uk/news/uk-politics-20606382

Cracking down on our wasteful subsidies

http://globalpublicsquare.blogs.cnn.com/2012/12/04/cracking-down-on-our-wasteful-states/

China’s Coming Growth Tests

http://www.project-syndicate.org/commentary/the-challenges-to-economic-growth-facing-china-s-new-leaders-by-yu-yongding

Ding dong dung, wake up Vietnam

http://biz.thestar.com.my/news/story.asp?file=/2012/12/1/business/12395755&sec=business

Clash of the Titans

The Economics Research Council hafve an event where they invite three professors from the top three university Economics Department in the Country (Cambridge, Oxford, LSE) to give their predictions for the coming year and the results are published on this website. It is interesting to see how the different departments predictions are, showing that economic data / forecast is extremely difficult to make. The link is also on the Useful Links box. http://www.ercouncil.org/clash-of-the-titans/

The truth behind UK migration figures

http://www.bbc.co.uk/news/uk-politics-19646459 Also: Annual net migration to UK falls below 200,000

New Bank of England Governor is Canadian

http://www.bloomberg.com/news/2012-11-26/canada-s-carney-chosen-by-osborne-to-replace-king-as-boe-chief.html

The Rise and Rise of the Renminbi

http://www.eastasiaforum.org/2012/11/18/the-rise-and-rise-of-the-renminbi/

China’s growing influence in Africa

http://tribune.com.pk/story/428026/chinas-growing-influence-in-africa/

In China, To Get Rich Is Not So Glorious

http://www.businessweek.com/articles/2012-11-16/to-get-rich-is-not-so-glorious

Six reasons why India's rupee is in freefall

http://www.bbc.co.uk/news/business-18201936

China's Economic Miracle - Really Good Infographics

http://www.bbc.co.uk/news/world-asia-china-20069627

The Renminbi Challenge

http://www.project-syndicate.org/commentary/can-china-have-an-international-reserve-currency-by-barry-eichengreen

Reshaping China’s Government-Services Supply Chain

http://www.project-syndicate.org/commentary/reshaping-china-s-government-services-supply-chain-by-andrew-sheng-and-geng-xiao

Missing Growth Multipliers

http://www.project-syndicate.org/commentary/flaws-in-the-imf-s-world-economic-outlook-by-ashoka-mody

Gas prices-fixing probe

http://www.bbc.co.uk/news/business-20307412

Economies and Diseconomies of Scale

http://www.economist.com/news/finance-and-economics/21565609-economies-scale-run-out-certain-point-largest-firms-america-may-be?fsrc=scn/tw/te/pe/landofcorporategiants

Bets over Chinese Growth: Continuing or Slowing Down

http://www.bbc.co.uk/news/business-19897695 http://www.economist.com/blogs/dailychart/2010/12/save_date

China: snapshot of a decade

http://www.guardian.co.uk/world/interactive/2012/nov/08/china-snapshot-of-a-decade

Is China more legitimate than the West?

http://www.bbc.co.uk/news/magazine-20178655

Shoppers flock from China to the UK

http://www.bbc.co.uk/news/world-asia-china-20188066

US & China

Two different articles on Project Syndicate on China and the US: http://www.project-syndicate.org/commentary/america-s-bipartisan-mistakes-about-china-by-stephen-s--roach http://www.project-syndicate.org/commentary/the-benefits-of-chinese-fdi-by-laura-tyson

Is China good or bad for Africa?

http://globalpublicsquare.blogs.cnn.com/2012/10/29/is-china-good-or-bad-for-africa/

So Much New Data / News on Economic Performance

Go to http://www.bbc.co.uk/news/business/economy/ GDP UK Out of Recession: http://www.bbc.co.uk/news/business-20080884 US Sharp Growth: http://www.bbc.co.uk/news/business-20096380 S.Korean Slower Growth: http://www.bbc.co.uk/news/business-20091507 Unemployment Increasing in Spain: http://www.bbc.co.uk/news/business-20094791

Hong Kong weakens local currency again

http://www.bbc.co.uk/news/business-20053768

UK Wellbeing Still 13% Below Pre-Crisis Level

http://www.guardian.co.uk/business/2012/oct/23/uk-wellbeing-fails-to-recover-financial-crisis?INTCMP=SRCH

China vs. The World

http://finance.yahoo.com/blogs/breakout/china-vs-world-trade-spats-mount-spread-140905060.html Another perspective on China.

China losing steam?

http://finance.yahoo.com/news/chinas-leaders-face-tough-economic-055603673.html

China tariffs on US steel: WTO rejects Beijing's appeal

http://www.bbc.co.uk/news/business-20000299

UK Productivity Puzzle

http://www.bbc.co.uk/news/business-19981498

Government Intervention in the Energy Market in Shambles?

http://www.bbc.co.uk/news/uk-19986929

UK unemployment falls to 2.53 million

http://www.bbc.co.uk/news/business-19975719

Train Subsidies in the UK

http://www.bbc.co.uk/news/business-19914219

China inflation rate dips to 1.9% raising easing hopes

http://www.bbc.co.uk/news/business-19944062

China Needs Its Own Dream

http://www.nytimes.com/2012/10/03/opinion/friedman-china-needs-its-own-dream.html

Poor Growth in UK due to Poor Fiscal Policy

http://notthetreasuryview.blogspot.co.uk/2012/10/what-explains-poor-growth-in-uk-imf.html

Why Are We Obsessed with Growth?

http://www.bbc.co.uk/news/business-18967294

-0.7% --> -0.5% --> 0.4%

http://www.bbc.co.uk/news/business-19740370

A Spanish City Without Medicine

http://www.bbc.co.uk/news/magazine-19682049

Ageing China

http://www.bbc.co.uk/news/world-asia-19630110

What Napster Teaches Us About Aid

http://www.globalpolicyjournal.com/blog/28/08/2012/what-napster-teaches-us-about-aid#.UDzRz0WvcHE.email

No More Parties. :(

http://www.telegraph.co.uk/science/9500575/Party-balloons-at-risk-as-helium-prices-go-up.html

Time to Change Course? UK government borrows £600m in July as tax receipts dip

http://www.bbc.co.uk/news/business-19329758

Tax and Tax Avoidance

http://www.globalpolicyjournal.com/blog/01/08/2012/who-gains-ban-cash-transactions

US's AD = C + I + G + Xn

http://www.project-syndicate.org/commentary/america-s-other-30

LIBOR

http://www.bbc.co.uk/news/business-18613988

UK recession deepens after 0.7% fall in GDP

http://www.bbc.co.uk/news/business-18977084

How UK aids Corruption

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/9092548/Zimbabwe-how-we-aid-profligacy.html#

China's monetary policy

http://www.economist.com/blogs/graphicdetail/2012/06/focus-1

Starbucks Turn to Ohio, not China

http://www.nytimes.com/2012/06/12/business/starbucks-turns-to-ohio-not-china-for-coffee-mugs.html?pagewanted=all&src=ISMR_AP_LO_MST_FB

Economist: The bank of SMS

http://www.economist.com/blogs/graphicdetail/2012/04/daily-chart-12

China: The world's cleverest country?

http://www.bbc.co.uk/news/business-17585201 Think about Competitiveness, Aggregate Supply, Productivity, Consumption, Capital Investment among others.

The Cracks in the BRICS

http://www.project-syndicate.org/commentary/the-cracks-in-the-brics

China's Renminbi Fixation

http://www.project-syndicate.org/commentary/america-s-renminbi-fixation

The Creative Monopoly

http://www.nytimes.com/2012/04/24/opinion/brooks-the-creative-monopoly.html?_r=1

What Germany offers the world

http://www.economist.com/node/21552567

Nationalisation & Privatisation

http://www.tutor2u.net/blog/index.php/economics/comments/unit-3-micro-revision-on-nationalisation?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:13:54:13Z

Technical recession or not, the UK economy is sick

http://www.guardian.co.uk/business/2012/mar/28/technical-recession-uk-economy-sick

Tablet computers added to UK inflation basket

http://www.bbc.co.uk/news/business-17350861

Protectionism? China plans to ban government officials from buying foreign cars

http://www.bbc.co.uk/news/business-17297006

"I am the Chancellor" Competition

This competition is open to all AS Economics students (including 5 Termers).

The Chancellor of the Exchequer makes his budget speech to the House of Commons on Wednesday March 21st.

Your task is to prepare your own budget for the UK economy under the following headings:
1. What is the current economic situation?
2. What are the main aims of your economic policy?
3. What changes are you going to make to taxation, government spending, monetary policy and supply side policies?
4. What will the effect of these changes be on the UK economy?
(use economic theory to explain these effects)

You should produce:
a written assignment; and
a presentation of no more than 10 minutes.

Deadline: 20th March

There will be prizes for the best presentations and assignments and overall budgets.

To help you, check the Youtube clip of George Osborne’s Budget Speech March 2011, daily newspapers, BBC, and other relevant resources.

This will be graded by a letter grade and the top performer of each class will be presenting in front of a panel to decide the overall winner from the whole AS Economics CATS cohort.

Please contact Ian Tay (itay@catscambridge.com) or Ross Moon (rmoon@catscambridge.com)

Apologies for the Change in Timetables

To those affected by the recent timetable changes,

I sincerely apologise for the confusion caused by the recent changes in the timetables. As many of you have already known, we have had some change in staffing here at CATS; therefore, to accomodate these changes, some reshuffling had to be done with the teaching staff and the timetables.

Please feel free to contact me or any of the other economics tutors here at CATS and we will be happy to answer any of your queries. And, please do give a warm welcome to our new but very experienced tutor, Mr. Russell Moon.

I will be putting up the new surgery hours so please keep checking this space for more information.



Ian Tay MSc MA MSoc.Sc BA
Deputy Curriculum Director Social Sciences (Act)
Economics Tutor
CATS College Cambridge
Telephone: +44 (0) 1223 341431

14 Ways an Economist Says I Love You: Happy Valentine's Day!

http://www.fosslien.com/heart/

UK inflation rate falls to 3.6% in January

http://www.bbc.co.uk/news/business-17025863

Japan economy contracts amid strong yen and Thai floods

http://www.bbc.co.uk/news/business-17008164

Live Coverage of the Debt Crisis and Greek Talks

http://www.telegraph.co.uk/finance/debt-crisis-live/9070665/Debt-crisis-and-Greek-talks-live.html

Lots of Interesting News on BBC News Today....

http://www.bbc.co.uk/news/business-16961758 - UK Trade

http://www.bbc.co.uk/news/business-16958764 - China Inflation

http://www.bbc.co.uk/news/business-16941123 - UK Employment

http://www.bbc.co.uk/news/world-asia-india-16923108 - India GDP

http://www.bbc.co.uk/news/business-16905060 - Euro Crisis and China

'Europe is poor so should live within its means'

http://www.bbc.co.uk/news/business-16918000

Europe's four big dilemmas

http://www.bbc.co.uk/news/business-14934728

Europe's four big dilemmas

http://www.bbc.co.uk/news/business-14934728

Austerity Under Attack

http://www.project-syndicate.org/commentary/gros32/English

USA vs. China

http://www.mint.com/blog/trends/u-s-a-vs-china-122011/?display=wide

Poverty in India

India is on its path to become one of the largest economies in the world, measured by Total GDP. But.......

If the malnourished in India formed a country, it would be the world's fifth largest — almost the size of Indonesia. According to Food and Agriculture Organisation (FAO), 237.7 million Indians are currently undernourished (up from 224.6 million in 2008). And it is far worse if we use the minimal calorie intake norms accepted officially in India. By those counts (2200 rural/2100 urban), the number of Indians who cannot afford the daily minimum could equal the entire population of Europe.

extracted from: http://www.thehindu.com/opinion/lead/article2848305.ece?css=print

Plans for Sustainable Development

http://www.bbc.co.uk/news/science-environment-16775264

China in the Global Economy: Stats

http://www.stanford.edu/~ljlau/Presentations/Presentations/020528.pdf

African Union opens Chinese-funded HQ in Ethiopia

http://www.bbc.co.uk/news/world-africa-16770932

Chinese influence - good or bad for Africa?

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.

Who's Afraid of China?

http://www.bbc.co.uk/news/business-16745322

Evaluation of CBA: Olympics Bill Tops £12bn

http://uk.news.yahoo.com/sky-investigation-olympics-bill-tops-12bn-055923833.html

RES Annual Essay Competition for Students 2012

http://www.tutor2u.net/blog/index.php/economics/comments/res-annual-essay-competition-for-students-2012

Economic gap between UK cities 'widening'

http://www.bbc.co.uk/news/business-16672239

UK Unemployment at 8.4%

http://www.bbc.co.uk/news/business-16608394

Thames Estuary Airport - Externalities & Cost Benefit Analysis

http://www.bbc.co.uk/news/uk-politics-16606212

Inflation in the UK falls to 4.2%

http://www.tutor2u.net/blog/index.php/economics/comments/inflation-whats-up-whats-down-and-whats-going-to-happen-next?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:21:04:10Z

Petrol, tax, and the downward sloping demand curve.

http://www.tutor2u.net/blog/index.php/economics/comments/petrol-tax-and-the-downward-sloping-demand-curve?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:22:03:08Z

UK Energy Market - Collusion, Price War, or Business as Usual?

http://www.bbc.co.uk/news/world-16587136

The UK and the eurozone in the shifting global economy

http://www.guardian.co.uk/business/economics-blog/2012/jan/13/uk-eurozone-shifting-global-economy

Asymmetric Information on Student Loans

http://www.guardian.co.uk/money/2012/jan/11/warning-wonga-student-loans?fb=native&CMP=FBCNETTXT9038

Latest Big Mac Index

http://www.economist.com/blogs/graphicdetail/2012/01/daily-chart-3?fsrc=scn/fb/wl/dc/thebigmacindex12jan

UK interest rates kept on hold at record low of 0.5%

http://www.bbc.co.uk/news/business-16529313

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

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