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 Tejvan Pettinger  Different models of economic growth stress alternative causes of economic growth. The principal theories of economic growth include: Mercantilism – Wealth of a nation determined by accumulation of gold and running trade surplus Classical theory – Adam Smith placed emphasis on the role of...

The Tortoise Economy  Tejvan Pettinger  A tortoise economy refers to an economy that is barely growing – either economic growth is stagnant or growth is very slow. In particular, it has been used to describe a sluggish recovery from recession. In the aftermath of the great recession –...

Relationship between stock market and economy  Tejvan Pettinger Readers Question: What’s the relationship between a countries economy and it’s stock market? Is it always true that the stock market reflects a country’s economic conditions? Generally speaking, the stock market will reflect the economic conditions of an economy. If...

Balance of Payments The Balance of Payments is a record of a country’s transactions with the rest of the world. It shows the receipts from trade. It consists of the current and financial account UK current account 1955-2015 1. Current account This is a record of all payments for...

मुकेश असीम साल 2018 का अन्त इन ख़बरों के साथ हुआ है कि विश्व पूँजीवाद के निरन्तर जारी आर्थिक संकट में तेज़ी व ध्वंस का एक और दौर आने ही वाला है। साथ ही, पूँजीवादी व्यवस्था के संकट की धुरी भी अब पूरब की ओर बढ़...

Environmental sustainability – definition and issue  Tejvan Pettinger    Environmental sustainability is concerned with whether environmental resources will be protected and maintained for future generations. Environmental sustainability is concerned with issues such as: Long-term health of ecosystems. Protecting the long-term productivity and health of resources to meet future economic...

Who are the winners and losers from inflation?  Tejvan Pettinger  inflation Inflation is a continues rise in the price level. Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: inflation will hurt those who keep cash savings and workers who have...

#schoolofeconomics  Tejvan Pettinger   uk economy The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts. In Nov 2018, UK public sector net debt was£1,7951.3 billion equivalent to 83.9% of GDP Source: [1. ONS public sector finances,- HF6X]...

#schoolofeconomics  Tejvan Pettinger  A summary for understanding exchange rates. Factors that affect exchange rates and the impact of exchange rates on the economy. Terminology Depreciation/devaluation – fall in value of exchange rate – exchange rate becomes weaker (see also: definition of devaluation and depreciation) Appreciation – increase in the...

 Tejvan Pettinger In the past two decades, the UK has experienced a steady flow of net migrants into the economy. This net migration has had a wide-ranging impact on UK population, wages, productivity, economic growth and tax revenue. To what extent does net migration benefit the...