Poverty in the UK

Go through the materials on these slides and links and create a presentation answering the question:

"To what extent is the government failing in its duty to care for the poorest in the UK".

Ensure you conduct independent research as well as reading my suggested links

https://www.youtube.com/watch?v=Oj2LA8rEqQ4 

https://www.youtube.com/watch?v=aOJ93tAbPP0&nohtml5=False

https://www.youtube.com/watch?v=QPKKQnijnsM

https://www.youtube.com/watch?v=44LHBViTZI0

http://www.bbc.co.uk/news/business-22890906

http://www.ageuk.org.uk/money-matters/income-and-tax/living-on-a-low-income-in-later-life/

http://www.bbc.co.uk/news/uk-england-london-26406400

Sharp rise in demand for food banks in London

http://www.bbc.co.uk/news/uk-27093638

Some in rural poverty 'reluctant to seek help'

http://www.bbc.co.uk/news/education-28899021

Trip to beach 'a pipe dream' for poorest families

http://www.bbc.co.uk/news/uk-27600873

Charity Save the Children warns of record child poverty by 2020

http://www.bbc.co.uk/news/uk-25287068

Most people classed as being in poverty 'have job'

http://www.bbc.co.uk/news/uk-politics-24553611

Alan Milburn says child poverty 'no longer problem of the workless and work-shy'

http://www.bbc.co.uk/news/uk-politics-21786129

Food bank use rising with benefit changes says charity

 

 

Exchange rates

First of all conduct a bit of research on the UK's flirtation with controlling its exchange rate

 

Now check out this article full of useful facts about global currencies and the reasons behind their uses

 

http://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/

 

 

 

 

 

 

 

 

 



Specialisation and Comparative Advantage

You've looked at specialisation but there is some more detail here on the pros and cons of it.

A crucial concept for an Economist is Comparative Advantage though.  You MUST understand it and the impact it has on global trade and flows of goods, services and capital.

Follow the presentation through but also look at the Youtube clip to ensure that you can explain it both diagrammatically, numerically and in words!!

https://www.youtube.com/watch?v=Vvfzaq72wd0

https://www.youtube.com/watch?v=Vvfzaq72wd0

Balance of Payments

Read these articles for Friday Feb 26th on Hot Money and the UK's success in Financial Services.

Then bullet point your answers to the questions on the implications of the UK's improvement in Financial Services (slide 7) and the slide 8 points re US v China and finally the pros/cons of LT and ST Capital Flows

http://qz.com/188904/despite-china-exchange-rate-reform-its-hot-money-woes-are-still-scary/

http://www.financialdirector.co.uk/financial-director/news/2345704/london-ranked-best-financial-capital-in-the-world

http://qz.com/188904/despite-china-exchange-rate-reform-its-hot-money-woes-are-still-scary/

http://www.financialdirector.co.uk/financial-director/news/2345704/london-ranked-best-financial-capital-in-the-world

http://www.bbc.co.uk/news/business-13647945

http://www.theguardian.com/business/2014/sep/09/uk-trade-deficit-widens-unexpectedly

 

 

 

 

 

 

 

 

Global trade agreements

Read this article on attempts to create an agreement on trade between the US and the EU

http://www.bbc.co.uk/news/business-24965053

Trade patterns

We're looking at the effects of globalisation on different countries.  These impacts will differ depending on the stage of development of the countries.

The following presentation will give you information about the different effects on various countries.  Go through it in detail and then produce a plan for a 30 mark essay on "to what extent should developing economies feel threatened by the increasing economic power of  developed countries"

You need to submit this essay on Tuesday Feb 9th.

The structure should be:

• Reason for a developing nation (not) to be threatened (using specific examples from a developed/developing nation)
• Evaluation - why might this not be the case
• Repeat three times
• Conclusion - which of these threats is the greatest one and why.  Ensure you answer the question explicitly....i.e. "yes, developing nations should be extremely concerned.."