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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Game theory

When applied to economics, game theory attempts to explain the behaviour of interdependent firms operating under conditions of uncertainty. A game has three elements - players, pay-offs and strategies - all of which exist in real markets and market interaction. Game theory can be used successfully to help generate a better understanding of how and why decisions are made by oligopolists in pursuit of their objectives - such as whether to compete or collude, or raise price or lower price. Game theory can also be used by regulators to help decide whether to regulate, and to assess the likely effect of fines or penalties on the behaviour of firms.

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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