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US-China trade

Tensions eased as China commits to import more from the US.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Trading blocs

Question 1 - short questions

  1. Distinguish between free trade areas (FTAs) and customs unions.

  2. Why do you think trading blocs have come to dominate world trade over the last 40 years?

  3. What do you think are the two main advantages and two main disadvantages of trading blocs?

  4. Outline the likely economic effects on the UK of a decision to withdraw from the EU.

  5. Outline the role of the WTO in terms of trading blocs.

Question 2

In May 2009 the US chip manufacturer, Intel, was fined a record £950m by the European Commission for abusing its dominant position and illegally engaging in anti-competitive behaviour against another US based chip manufacturer, AMD (Advanced Micro Devises). Intel was found guilty of offering generous rebates to a number of computer manufacturers for purchasing their chips, including Acer, Dell, and HP. Intel has roughly 70% of the global market share of chip production.

  1. To what extent is Intel a monopoly supplier?

  2. With reference to the data, explain what is meant by 'abuse of dominant position'.

  3. Evaluate the effectiveness of fines as a deterrents to anti-competitive behaviour.

  4. To what extent could it be argued that European competition policy is simply an example of protectionism?


Alternative finance

Report on the growth of alternative finance.

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Sainsbury's-Asda merger

Sainsbury's and Asda confirm merger plans.

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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

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

OECD - reducing income inequality will boost growth..more