The UK was once described as sick man of Europe.
But just how exactly is the health of an economy measured.
Doctors monitor blood pressure, heart rate, and temperature. Economists are interested in economic indicators such as real GDP, inflation rates and the level of unemployment.
Success at A-level economics requires a good understanding of [...]
Welkers Wikinomics is a group blog authored by three economists working at international schools in Switzerland and Fairfax for the American AP and International baccalaureate exams.
There are some thoughtful articles placing mainstream economic concepts in an international context.
For example the article on Loanable Funds vs. Money Market: what’s the difference? Will definitely help [...]
It is clear that in the medium tern the government needs to increase the amount of tax revenue raised to reduce the budget deficit. Current levels of borrowing are necessary to stimulate the economy but unsustainable.
So just how to increase tax revenues and win public approval? The state has opted to make income tax [...]
