econgreenwood

My latest article in March’s Economics Today. This is about three Economic Institutions. https://1drv.ms/b/c/e25e9229675ab836/EVwlVu_zs1VMiQjlxiXjnXQB0twsQJJwy2zd906mGBXtkA

Development Series in the FT

Vietnam Economics class: Vietnam – https://on.ft.com/3LaqMTH via @FT Chile Economics class: Chile – https://on.ft.com/48CXI0T via @FT

My questions for the FT article on champagne.

Economics class: Champagne sparkles as low supply and fizzy demand boost prices – https://on.ft.com/3qw4KQk Champagne sparkles as low supply and fizzy demand boost prices – https://on.ft.com/3ElkdHH via @FT

Road Pricing maybe needed as we move to electric vehicles.

As we move towards using electric vehicles in the long term the government may have to introduce road tolls for motorists. Currently fossil fueled vehicles raise around £1100 in tax revenue for the government through road tax and fuel duty. Electric vehicles are taxed at lower rate to encourage consumers to switch to them. OnContinue reading “Road Pricing maybe needed as we move to electric vehicles.”

Sheffield Forgemasters nationalised. #economics #econ3

Nationalisation is when the state transfers a company from the private sector to the state sector. The a government today nationalised Sheffield Forgemasters. They did this to ensure the supply or component products for the defence industry. In addition the steel industry has been struggling to compete with foreign suppliers who can manufacture steel forContinue reading “Sheffield Forgemasters nationalised. #economics #econ3”

Moonpig doubles Profits. #economics #econ3

The online card retailer has doubled profits in the pandemic to £92 million. This boost in profits was caused by a boost to revenue up 113% as people purchased cards online due to the pandemic. Revenue increased to £368 million from April 30th 2020 to April 30th 2021. Questions 1: Calculate revenue for the previousContinue reading “Moonpig doubles Profits. #economics #econ3”

The Guardian view on economic predictions: no time to bank on a recovery

The below was in the guardian today. I offered a brief comment. https://www.theguardian.com/commentisfree/2021/feb/17/the-guardian-view-on-economic-predictions-no-time-to-bank-on-a-recovery?CMP=Share_AndroidApp_Other My comment. The economy is in a dire state. The pandemic has done untold damage and caused unemployment to rise. As we move out of lockdown firms will hold off re employing workers as they evaluate the long term position. We haveContinue reading “The Guardian view on economic predictions: no time to bank on a recovery”

The Economic Outlook

The lockdown is coming to an end. I am wondering if there is positive economic news on the way? Today the £ is up based on the success of the vaccines programme. When will growth rebound? The government have minimised the impact on jobs through the furlough scheme and inflation has stayed low. When weContinue reading “The Economic Outlook”

Coronavirus questioning MRP theory.

For many years economic theory has justified the pay of workers based on the revenue that each workers adds to the firm from their employment. This theory could be used to justify high banking salaries as each worker in the city bank on a trading floor adds creates a high amount of additional revenue forContinue reading “Coronavirus questioning MRP theory.”

Will coranavirus change the way we work, rest, shop and play forever?

The coranavirus lockdown is on. After 6 days of lockdown I have begun to realise that the coranavirus will change the way we work, rest, shop and play for ever. The reliance on working from home by being online has created new opportunities. Joe Wicks has become our PE lesson for the day. As aContinue reading “Will coranavirus change the way we work, rest, shop and play forever?”