In 2022, the UK froze income tax thresholds instead of raising them each year in line with inflation. The current Chancellor (Finance Minister) is being advised to extend the freeze for another two years.—theguardian.com
Category: Uncategorized
Economic Growth in the UK
UK’s economic growth rate is expected to remain modest at 1.3% in 2025. On a per head basis the economic output is only set to grow 0.4% this year.—bbc.com
Canada Risks Losing Investment to Mexico as Labor Productivity Skids
Canada's low labor productivity level brings the risk of losing investments to Mexico, as the nearshoring boom moves supply chains to North America. Canadian labor productivity fell 1.8% in 2023, its third consecutive year of decline.—Reuters, 30 April, 2024. What is labor productivity and how is it measured? Labor productivity is the quantity of output … Continue reading Canada Risks Losing Investment to Mexico as Labor Productivity Skids
Has the U.S. Economy Outperformed its Counterparts in Europe and Elsewhere?
With a fast-growing economy, a strong labor market, and falling inflation, the United States is outperforming its counterparts in Europe and elsewhere.—BBC, February 13, 2024 How fast has real GDP been growing in the world’s leading economies? The International Monetary Fund World Economic Outlook database answers this question, and Figure 1 shows the data for … Continue reading Has the U.S. Economy Outperformed its Counterparts in Europe and Elsewhere?
Ontario Caps 2024 Rent Increases at 2.5 percent; Does Not Apply to Newer Units
Most Ontario landlords will be able to increase rent by up to 2.5 percent next year. The cap does not apply to rental units first occupied after Nov. 15, 2018.—Canadian Press, June 30, 2023 What is a rent cap, and what is Ontario’s rent cap in 2024? A rent cap is a government regulation that … Continue reading Ontario Caps 2024 Rent Increases at 2.5 percent; Does Not Apply to Newer Units
Cheerios Maker General Mills Cuts Sales As Price Hikes Hammer Demand
Price hikes, undertaken to offset steep input costs, primarily labor costs, have pushed consumers to buy smaller pack sizes for pantry staples and pet food, as well as opt for cheaper private-label alternatives.—Reuters, December 20, 2023 In this post, we look at the price hike that consumers face and use the model of demand and … Continue reading Cheerios Maker General Mills Cuts Sales As Price Hikes Hammer Demand
Our Team
Robin Bade Robin was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the Ph.D. program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of … Continue reading Our Team
The Market for Copper
This table provides data on the quantity of copper traded and its price: Between 2020 and 2021, the quantity of copper traded increased from 25 million tons to 25.5 million tons. Over the same period, the price of a ton of copper rose from $6,000 to $10,000. What is the relationship between green technology and … Continue reading The Market for Copper
About Us
Econ Eye is the blog companion of the Bade-Parkin textbook series. On this blog, we provide an internet community for students learning the principles of economics. What do we do? We do a few things on this website, with the unifying theme of supporting students. Eye On – We take the models and information from … Continue reading About Us
Begin at the Beginning
Welcome to college! College isn’t high school, and things are going to be different. Did you breeze through high school with little work and an excellent memory? Did you work diligently to achieve results? However you got here, it’s now a new playing field and you’ll need some new skills to be a success. Those … Continue reading Begin at the Beginning