| Main stories | |||||||||||||||||||
| UK growth - UK avoids triple-dip recession | |||||||||||||||||||
| Benefit cap - kicks in at £500 per week | |||||||||||||||||||
| UK Budget 2013 - analysis and comment | |||||||||||||||||||
| EU Budget - historic reduction agreed | |||||||||||||||||||
| UK economy - GDP falls by 0.3% | |||||||||||||||||||
| Quantitative Easing - put on hold | |||||||||||||||||||
| Poverty - recession and relative poverty | |||||||||||||||||||
| Welfare reform - the end of universal benefits | |||||||||||||||||||
| Underemployment - over 3 million | |||||||||||||||||||
| CPI inflation - at 2.7% | |||||||||||||||||||
| Autumn statement - austerity to continue | |||||||||||||||||||
| Energy prices - set to rise | |||||||||||||||||||
| Libor - rate fixing scandal | |||||||||||||||||||
| Greek exit - a little nearer | |||||||||||||||||||
| Competition policy - new regulator planned | |||||||||||||||||||
| Fiscal union - rejected by UK | |||||||||||||||||||
| Europe - a Tobin tax? | |||||||||||||||||||
| Credit ratings - US credit rating | |||||||||||||||||||
| Greek bailout - Euro problems | |||||||||||||||||||
| Top international universities for Economics | |||||||||||||||||||
| Top UK universities for Economics | |||||||||||||||||||
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Recommended texts | ||||||||||||||||||
Question 1
What are the
major costs and benefits of faster economic growth?
If the
current level of national income per head in Poland is £6,000 per year
and of the UK is £24,000, does this mean that the average UK citizen is
4 times better off than the average Polish citizen?
Discuss the arguments for a broader definition of economic welfare to include ‘quality of life’ indicators.
