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Posts By: peter
The Banking Crisis Revisited
The Banking crisis of summer 2007 began with the collapse of Northern Rock and gathered momentum when Lehmann brothers went into…
Read MoreIncrease in tax rates can reduce tax revenue
It’s one of the paradoxes of taxation that an increase in tax rates can lead to a fall in tax revenue….
Read MoreAfter Brexit we’re doing better than expected
Ian Stewart of Deloitte’s comments on the improving economic forecasts for the British economy: http://blogs.deloitte.co.uk/mondaybriefing/ Last week two of the UK’s…
Read MoreActivity: Three Problems with the UK Labour Market
Unemployment is high in Grimsby and yet they cannot find enough lorry drivers. What does the demand and supply of truckers…
Read MoreArticle: Labour Elasticity and the Minimum Wage
source A common assumption in the minimum-wage literature is that low-wage workers as a group benefit from an increase in their…
Read MoreHandout: The Labour Market
Handout: The Labour Market – Individual and Market Demand and Supply source (adapted) Key issues What influences a firm’s demand for…
Read MoreKey Diagram: Profit, Satisficing, Revenue
Diagram showing different objectives of firms Q1 = Profit maximisation (MR=MC) Q2 = Revenue Maximisation (MR=0) Q3 = Marginal cost pricing…
Read MoreLabour Market – Syllabus
Edexcel Paper 3 Topic 3 Subject content 3.5.1 Demand for labour a) Factors that influence the demand for labour b) Demand…
Read MoreArticle: What is X efficiency?
source Do people still read Leibenstein’s fascinating 1966 article “Allocative Efficiency vs. X-Efficiency”? They certainly did at one time: Perelman notes…
Read MoreGlobalisation – A Short History
Ian Stewart’s Monday briefings from Deloitte’s are always worth reading. Here are his comments on why globalisation is a casualty of…
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