Definitions

News


House price latest

House prices up by 6.9%.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Equilibrium

Equilibrium is a state of balance in an economy, and can be applied in a number of contexts. In micro-economics, market equilibrium price is the price that equates demand and supply. In macro-economics, national income is in equilibrium when aggregate demand (AD) equals aggregate supply (AS). Disequilibrium occurs when a variable changes to create an excess of demand or supply, causing a 'movement' to a new equilibrium position. A sudden change is called an economic shock.

Micro-economic equilibrium

equilibrium

Macro-economic equilibrium

national income equilibrium


Alternative finance

Report on the growth of alternative finance.

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GDP latest

UK grows by 0.3% in 2nd quarter of 2017.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more