1. (from last time) HW – part 2
Awareness of trends in the UK economy since year 2000
Please prepare an annotated graph of US and UK economic performance for discussion next time: (will allocate student per topic in the lesson).
Site has all of the above (click on forecast or market – we will go through this)
Unemployment Rate
GDP Growth Rate (Gross Domestic Product – the value of all goods and services in the Economy over a given time period)
Government Debt to GDP (A Ratio showing how indebted the Government is, relative to the value of a Countries economic activity)
Balance of Trade (Net flows of the value of all imports and exports of goods and services in relation to the UK)
Population
Exchange rates of the British Pound against US Dollar and Euro (GBP/USD and GBP/EUR)
EXAMPLES BELOW Oil prices (Brent Crude) for 25 years and UK Interest Rates since 2000
Macroeconomics: Theme 2 - The UK Economy - performance and policies

2. Opening Activity A: Short presentation of graphs by authors
B: Working through in the groups below compare your graphs - find similarities / differences in the timing of major events shown on your graphs across markets. (ie Comparing Unemployment (“UE”) and Short Term Interest Rates (“STIR”) -> did rising UE precede/follow lower STIR, any ideas why?) – please get a paper copy
Learning Objective: Have an appreciation and understanding of recent UK economic history

3. The UK economy - performance and policies
Comparison Groups
Session
Group A
Group B
Group C 1
GDP
GDP Growth Rate
Gov.Debt to GDP
Interest Rate
Oil Price
Unemployment
Population
GBP/USD
GBP/EUR
Balance of Trade 2
Gov. Debt to GDP
Balance of Trade Unemployment 3
The UK economy - performance and policies

4. Opening Activity – Globalisation Revision
Globalisation What is it? What causes it? What are its impacts?
Macroeconomics: Theme 4 - A Global Perspective

5. Definition of globalisation
‘The ability to produce any goods (or service) anywhere in the world, using raw materials, components, capital and technology from anywhere, sell the resulting output anywhere, and place the profits anywhere.’

6. Impacts of globalisation and global companies on
individual countries
governments
producers and consumers
workers
the environment
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7. SOME HELP…
Debate
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