Economics Online Home
Economics Online is a digital resource for students of economics. As well as providing information and analysis on a comprehensive range of topics, Economics Online connects you to hundreds of other authoritative websites, enabling you to undertake further study.
Economics Online makes learning economics straightforward. Content is organised in five key areas, including the theory of competitive markets, market failures, the national economy, business economics, and the global economy. The site contains over 100 videos, many of which include animated graphs, making understanding that much easier.
The Economics Online Blog enables you to post your own comments, and make contributions to debate and discussion.
|Markets - Markets provides an introduction to the nature of markets, and how market forces allocate scarce resources. Markets also provides an introduction to micro-economic theory, and to many of the fundamental concepts used in economics. More...|
|Market failures - market failures arise when free markets fail to develop, or when they fail to allocate resources efficiently. There are several types of market failure. A complete market failure exists when free markets are unable to allocate scarce resources to the satisfaction of a need or want. More...|
|The national economy - the national economy introduces macro-economic concepts, models, and theories, and explains how macro-economic problems are analysed, and policies evaluated. More...|
- business economics analyses the behaviour of
private firms operating in different types of
market structure. It builds on a
number of themes considered in
competitive markets and
market failures, and covers concepts and
issues which are frequently referred to as the theory of the firm..
|The global economy - the global economy provides an analysis of the performance of the UK economy in a global context. The global economy looks at the costs and benefits of free trade, and provides an analysis of the major problems facing the global economy in the 21st Century.It also provides an analysis of the recent financial crisis. More...|
|Economic update - economic update provides the latest data on a wide range of economic indicators, including economic growth, inflation, unemployment, the minimum wage, savings, UK and Euro-area interest rates, house prices and the balance of payments. More...|
|The housing market - the stock of housing in the UK includes privately owned and occupied houses and apartments, privately rented and local authority rented accommodation, and property managed by housing associations.In the UK, privately owned property is either freehold or leasehold. Freehold ownership means that the land is owned as well as the property on the land, and leasehold means the land is not owned, and the owner buys the right to use the land More...|
|The labour market - according to a recent Labour Market Survey, there were 29.4m workers in the UK in 2010, out of a population of 61m. The labour market includes the supply of labour by households and the demand for labour by firms. Wages are the price of labour, and provide an income to households as well as represent a cost to firms. In a hypothetical free market economy, wages are determined by the unregulated interaction of demand and supply. More...|