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Economics Online provides analysis, comment, and data on economics, economic theories and issues

Economics Online provides analysis, comment, and data on economics, economic theories and issues
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Business Tesco’s chief hits out as profit warning hits shares The new boss of Tesco has attacked his predecessors for adopting “artificial” tactics to hit aggressive profit targets in the final few months of each financial year. Tesco’s shares plunged by 10 per cent to 168p on a warning this morning that the chain’s profit for the year to February will be no more than £1.4 billion, well short of the £1.94 billion that investors had been anticipating. Dave Lewis, chief executive, said his efforts to turn around the business were costing £500 million. New Scotland Yard sold to Abu Dhabi Financial Group The Metropolitan Police has cashed in… Last updated at 11:20AM, December 9 2014 Asos accused of “baffling” accounting Retail experts in the City have rounded on Asos for adopting “baffling” accounting techniques by using a fire insurance payout to support its profit projections for the year.

Insurance If you've ever had a car crash, a flight cancelled, fallen seriously ill or been robbed, you'll know how stressful these incidents can be. If you have insurance, the cost of repairs, medical treatments, travel changes or theft can be softened. Insurance provides the money you need when things go wrong. But with so many companies providing different types of insurance, it's important to read the fine print, ask lots of questions and find the right policy for your needs. Types of insurance Here are the different types of insurance that you can buy: You may also need to disaster proof your finances and financial documents. Transferring risk In life there is always a risk that things can go wrong. Insurance is about managing risk. Insurance tips Apply these tips and you're on your way to making good insurance decisions: Shop around - Get quotes from different insurers and compare what they offer. Making claims There are some things you need to do when making an insurance claim: Related links

University of Warwick Podcasts Warwick Podcasts allow you to hear from University experts commenting on important issues, their research and events. Warwick Podcasts are available as a downloadable MP3 file or can be accessed directly from this page. You can also subscribe through a number of podcast directories to get Warwick Podcasts direct to your computer and MP3 player. More podcasts from Warwick How employable are today's graduates? 11:12, Thu 8 Dec 2011 In the second of a series of podcasts on graduates and employability, Professor Kate Purcell and Professor Peter Elias discuss what employers are really looking for in today's graduates Download "Anonymous" Discussion 13:28, Fri 11 Nov 2011 Exploring the theory that Edward de Vere, Earl of Oxford, wrote the plays that we attribute to Shakespeare. Download Dating the Birth of Jesus and the 'first Christmas' with a Herodian Coin 15:51, Mon 20 Dec 2010 Anno domini. Download Celebrating 30 years of WMG 09:59, Tue 26 Oct 2010 Download

Move over America: China overtakes US as world's biggest economy (kind of) - Business News - Business - The Independent According to the International Monetary Fund the combined purchasing power of China's citizens now outstrips that of America's. And by the end of the year will China should make up 16.48 per cent of the world's purchasing-power adjusted GDP for a total of $17.632 trillion (£11 trillion). The US, by contrast, will make up 16.28 per cent, or $17.416 trillion. Purchasing power parity seeks to address the fact that while wages tend to be lower in “developing” countries than in mature economies like the US, the price of goods and servicing is also typically much lower. The Economist's Big Mac Index, for example, quotes the price of the McDonalds staple in July at $4.80 in the US, but just $2.73 in China. PPP, therefore, bases economic output on what a country's citizens can purchase, as opposed to an unadjusted GDP figure using market exchange rate, which is more often quoted. Loading gallery Business news in pictures 1 of 50 However, the figure is controversial.

Virtual Economy Home page of the Virtual Economy on Biz/ed. Virtual Economy Home Page Welcome to the Biz/ed / Institute for Fiscal Studies (IFS) Virtual Economy. This has been produced with the generous support of a grant from the Nuffield Foundation. The model is based around No.11 Downing St. - the Chancellor's house and office. Ground floor (this floor) - Chancellor's office with an introduction to the Virtual Economy and an information bureau with teachers' guides, student guides and details of the model. 1st floor - Case Studies - this floor has case studies about the impact of changes in the economy on people, business and governments. 2nd floor - Economic Policy - a whole floor dedicated to the different economic variables in the model. There are further details available of the development of the Virtual Economy and the groups involved in its preparation.

Australia's health system 2.0 Introduction Australia's health system is complex. It can perhaps be best described as a 'web': a web of services, providers, recipients and organisational structures. This chapter looks at the many components of the Australian health system, how they are organised and funded, and how they are delivered to, and used by, Australians. While for many Australians most of their contact with the health system involves a visit to a GP or pharmacist, these services are part of a much broader and complex network. Complexity is unavoidable in providing a multi-faceted and inclusive approach to meeting the health system needs of Australia's many and varied residents, when those needs are shaped by many and varied factors, including gender, age, health history and behaviours, location, and socioeconomic and cultural background. As one might expect, a system of this scale and complexity costs. Our health as a nation depends on our health as individuals-and vice versa. 2.1 Australia's health system

Faculty of Economics Introduction This reading list is designed to provide information about the scope and content of Part I of the Economics Tripos at Cambridge. It aims to help potential candidates who are thinking of applying to read Economics at Cambridge, and to allow schools to advise such candidates. Directors of Studies may also find it useful to send copies of this reading list to candidates holding conditional or firm offers of admission. The books on the list have been chosen to be widely available (for example, in school or public libraries) and where possible to be relatively inexpensive. You will find it easier to understand many of the issues covered in the course if you have a basic familiarity with key developments in Britain, Europe and the world in the 20th century. General Introduction Dasgupta, P. Microeconomics and Macroeconomics Quantitative Methods in Economics Political and Sociological Aspects of Economics Chang, H-J (2014), Economics: The User’s Guide. British Economic History

Explicit cookie consent EARLIER this year it all looked so rosy. In April, just two years after Greece imposed the biggest sovereign-debt restructuring in history on its private creditors, it raised €3 billion ($4.2 billion at the time) in five-year bonds at a yield of less than 5%. In July its ten-year bonds were yielding less than 6% and their Spanish and Italian equivalents less than 3%, not far off Germany’s. The troubled economies of Europe’s “periphery” were beginning to turn around, it seemed, and the European Central Bank (ECB) would do whatever it took to keep the euro zone together. That all went out the window in the global market sell-off of October 15th-16th. Yields on Greek government debt briefly exceeded 9%; the spread between yields on German government bonds and those of debt-addled euro-zone countries widened and lower-rated corporate-bond yields rose sharply too. But worries that slow growth in the euro zone will be a serious drag on the world economy are increasing.

David Smith's Austerity myths revisited Posted by David Smith at 01:00 PM Category: Thoughts and responses My piece on Friday, The Myth of Abandoned Austerity, has attracted quite a lot of interest. It had a simple aim - to demonstrate that fiscal consolidation, deficit reduction, continued throughout the parliament, alongside recovery. Simon Wren-Lewis, a professor of economics at Oxford, devoted a blog post to it, here. Jonathan Portes, director of the National Institute of Economic and Social Research, was typically condescending, tweeting that I was "confused (& confusing)". Let me respond to Simon. But Simon answers the question himself: “I know this cannot be the case because I have never said that austerity was abandoned in 2012. That means, he suggests, that I am guilty of creating a straw man. This is not quite the same, of course, as economists that Simon might know saying austerity has been abandoned. (More...)

Aeon | a world of ideas CBI warns export demand is slowing in latest sign of faltering UK recovery | Business Falling demand for British goods abroad weighed on manufacturers in October, in the latest sign that the UK recovery is losing steam. A sluggish eurozone economy and a stronger pound pulled exports lower for the first time in 18 months, according to the CBI, frustrating government ambitions for a big push in UK exports. Rain Newton-Smith, director of economics at the business lobby group, said: “It’s disappointing that a sluggish exports market has taken some of the steam out of manufacturing growth, which was going from strength to strength throughout most of this year. “The manufacturing sector is clearly facing headwinds. Global political instability, mounting concerns about weakness in the eurozone, and recent rises in sterling are all weighing on export demand.” The balance of manufacturers reporting a fall in export orders over the past three months fell to -7% in October, the lowest since January 2013.

Just Business - Educational Resources with a Global and Ethical Dimension for Teachers and Students of Economics and Business Studies What are the Implications of Economic Activity on Society? | Challoners Geography The poor in both, developed and developing countries, are affected in both positive and negative effects of globalisation. The effects in developed countries include the fall in wages, increased unemployment among the low skilled labour force, the training of unskilled and improved their labour productivity, while in developing countries outsourcing and increased trade may have positive impacts on employment, productivity, technology transfer and living standards. Therefore, will increase the quality of life in a place with a good economy, which will have a positive effect on society. In MEDCS, they economy is good, therefore governments are spending more money on better technology. by Isabella Paschaly

Ebola crisis: The economic impact 20 August 2014Last updated at 19:03 ET By Richard Hamilton BBC News Military road blocks are preventing the movement of goods and workers With more than 1,300 reported deaths from Ebola in West Africa, the virus continues to be an urgent health crisis, but it is also having a devastating impact on the economies of Guinea, Liberia and Sierra Leone. "The economy has been deflated by 30% because of Ebola," Sierra Leone's Agriculture Minister Joseph Sam Sesay told the BBC. He said President Ernest Bai Koroma revealed this staggering and depressing news to ministers at a special cabinet meeting. Twelve out of 13 districts in Sierra Leone are now affected by Ebola, although the epicentres are in the Eastern Province near the borders with Liberia and Guinea. Road blocks manned by police and military are preventing the movement of farmers and labourers as well as the supply of goods. Many shops have been forced to close as part of quarantine measures Food shortages Continue reading the main story