Economics Online is a free to use digital resource, whose aim is to promote the study of economics to students and other interested parties. As well as providing information and analysis on a comprehensive range of topics, Economics Online connects you to other authoritative sites, enabling you to undertake further study.
Learning
Economics Online makes learning economics straightforward. Content is organised in five key areas, including the theory of competitive markets, market failures, the national economy, business economics, and the global economy.
Blog
The
Economics Online Blog enables you to post your own comments, and
make contributions to debate and discussion.
Micro-economics
Market failures - these arise when free markets fail to develop, or when they fail to allocate resources efficiently. There are several types of market failure. A complete market failure exists when free markets are unable to allocate scarce resources to the satisfaction of a need or want. More...
Macro-economics
Macro-economics - introduces macro-economic concepts, models, and theories, and explains how macro-economic problems are analysed, and policies evaluated. More...
Business economics
Business economics -
provides analysis of the behaviour of private firms operating in
different types of
market structure. It builds on a number of themes
considered in
competitive markets and
market failures, and covers concepts and issues which
are frequently referred to as the theory of the firm..
More:
Economic update - provides statistics on a wide range of economic indicators, including economic growth, inflation, unemployment, the minimum wage, savings, UK and Euro interest rates, house prices and the balance of payments. More...
The housing market - the stock of housing in the UK includes privately owned and occupied houses and apartments, privately rented and local authority rented accommodation, and property managed by housing associations. In the UK, privately owned property is either freehold or leasehold. Freehold ownership means that the land is owned as well as the property on the land, and leasehold means the land is not owned, and the owner buys the right to use the land. More...
The labour market - according to a recent Labour Market Survey, there were 31m workers in the UK in 2013, out of a population of 63m. The labour market includes the supply of labour by households and the demand for labour by firms. Wages are the price of labour, and provide an income to households as well as represent a cost to firms. In a hypothetical free market economy, wages are determined by the unregulated interaction of demand and supply. More...