Economics Online is a free to use digital resource, whose aim is to promote the study of economics to students and other interested parties. As well as providing information and analysis on a comprehensive range of topics, Economics Online connects you to other authoritative sites, 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 Economics Online Blog enables you to post your own comments, and make contributions to debate and discussion.
provides an introduction to the
nature of markets, and how market forces allocate scarce resources.
This section also provides an introduction to micro-economic theory, and to
many of the fundamental concepts used in economics.
Micro-economics - provides an introduction to the nature of markets, and how market forces allocate scarce resources. This section also provides an introduction to micro-economic theory, and to many of the fundamental concepts used in economics. More.
Market failures - these 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...
Business economics -
provides analysis of the behaviour of private firms operating in
different types of
market structure. It builds on a number of themes
competitive markets and
market failures, and covers concepts and issues which
are frequently referred to as the theory of the firm..
Global economics - introduces the economics of the global trading
Global economics - introduces the economics of the global trading system. Included is an analysis of the performance of the UK economy within this trading system. Most of the analysis can also be applied to many diverse economies. Global economics 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 - provides statistics on a wide range of economic indicators, including economic growth, inflation, unemployment, the minimum wage, savings, UK and Euro 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 31m workers in the UK in 2013, out of a population of 63m. 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...