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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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National income

Question 1

  1. What is meant by 'value added'?

  2. Distinguish between nominal and real national income.

  3. Define GDP per head.

  4. Calculate the real growth rate for a country,  as an annual %, if in a given year the value of nominal income rises from $800b to $850, and the index of inflation rises to 104 during that year - assume it started the year at 100.

Question 2

Consider the data of the National Income, inflation and population of a hypothetical economy.

2014 790 100 40
2015 870 107 41
2016 940 118 42
2017 1000 122 43

  1. What is the base year?

  2. What was the value of Y in real terms in 2016 compared with the base year?

  3. Calculate real Y per head in 2015.

  4. Describe and comment on the state of the economy in 2014 in comparison with 2017.

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