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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Pareto efficiency

Pareto efficiency means that an economy is making the best use of its scarce resources by employing all its resources to make goods and services in the least-cost way. Operating on the edge of a PPF is considered to be Pareto efficient, and trying to increase the output of one good must mean the sacrifice of another good.

pareto efficiency diagram

 


Alternative finance

Report on the growth of alternative finance.

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GDP latest

UK grows by 0.3% in 1st 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