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House price latest

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House prices up by 6.9%.

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Model agencies collude to fix rates

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Regulators find leading model agencies guilty of price fixing.

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Monopolistic competition

Question 1

To what extent are hairdressers a good example of firms operating under monopolistic competition?

Question 2

Which of the following markets/industries are closest to the economists d definition of monopolistic competition - you may select more than one:

  1. Airlines

  2. Petrol retailers

  3. Plumbers

  4. Independent electrical retailers

  5. Coffee growers in Brazil

  6. Electricity generating firms

  7. Retail banks

Question 3

Draw separate diagrams to show a firm under monopolistic competition making supernormal profits in the short run and normal profits in the long run.

Question 4

Evaluate monopolistic competition as a market structure.

Question 5 - Multiple choice

Which of the following options, 1 - 5, are true for the statement 'A firm in long run equilibrium under monopolistic competition will exhibit':

  1. Allocative but not productive efficiency

  2. Productive but not allocative efficiency

  3. Neither productive nor allocative efficiency

  4. Super-normal profits

  5. Both allocative and productive efficiency

Alternative finance

alternative finance

Report on the growth of alternative finance.

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GDP latest

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UK grows by 0.3% in 1st quarter of 2017.

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Customs unions

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Costs and benefits of customs unions.

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New materials

multiple choice

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

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

US rates

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

Bank of England - cuts interest rates to 0.25%..more.

OECD - reducing income inequality will boost growth..more