We are studying the economics of vaccines in microeconomics at the moment and it is also one of the essay titles for the new Durham Univ economics essay prize - so this new film from the FT is handy to say the least! https://t.co/tQcC4oixN5 #theme1micro
Great example of the UK tax system not always being economical. The cost to HMRC in terms of time and the cost of subsequent multiple letters telling me I owe £1.80 will be far greater than £1.80. #HMRC#IncomeTax
World Cup: England fans dig deep for pricier pints - good example of third degree price discrimination. Alcohol is considerably more price inelastic when England are playing in the World Cup! https://t.co/Ndc8Vrzsn2
Plastic coffee cup waste is being cut by one simple change. Excellent video on consumer behaviour! #behaviouraleconomics#penaltyvsreward https://t.co/ibwBMnU2QR
One of the clearest contextual examples of trade frictions outside a customs union that you could possibly find. Gold dust for the classroom! https://t.co/AHPA0OOnGH
EU tariffs on US goods come into force. So many other key terms for students here; voluntary export restraints, retaliation, trade diversion, unintended consequences https://t.co/anbehmmx0h
UK government borrowing falls more than expected. PSNB (annual borrowing) for 2017/18 was £39.5bn with PSND (national debt) at £1.8tn. Slowly getting towards the long awaited balanced budget! #fiscalpolicy@edgbarrowschool https://t.co/kw7qYxtGef
Hammond: Taxes will rise to pay for NHS boost. Great evaluation question for students, which taxes should rise? By how much? #fiscalpolicy https://t.co/gwRFclJ765
British Airways cancels 'incorrectly' cheap tickets. Another great performance from BA on how not to manage PR #customerservice https://t.co/8HTBTfVdER
Petrol price levels cannot be justified says RAC. Retailers blaming volatile wholesale prices, weaker pound and more interestingly, the rise in electric/hybrid cars which is causing petrol sales to fall. https://t.co/s4nmkTIog8
Tesco boss blames business rates for retail woes. Great article for Business and Economics students on corporation tax vs business rates and the impact on high street retailers and online retailers https://t.co/giEaAEiGfI
UK trade deficit widened to £6.4bn in the three months to February. That said, the longer term picture has been one of a slow, but fairly steady narrowing in the deficit, starting in 2009.