EU – Democracy

Many have argued the EU is undemocratic and limits the sovereignty of the UK. Again I would argue this is wrong or at least misleading. The EU system of governance is made up of three key bodies. All elected directly or appointed by our elected governments. First, you have the European Council. This is made… Continue reading EU – Democracy

The EU Referendum: Immigration

Brexit seems to be confusing EU and Non-EU immigration and treating them as the same. They aren’t.  The biggest deceit here is the idea that being in the EU stops us from reducing immigration from non-EU states coming to the UK. That is wrong. Being a member of the EU does not have any impact… Continue reading The EU Referendum: Immigration

Should the UK stay in or leave the EU: The UK’s Trade with the EU

How would leaving the EU impact the UK’s trade? One of the central pillars of the EU is free trade. The unrestricted movement of goods and services between member states. This is very much a free market ideal. It forces countries to compete fairly and stops them hiding behind trade barriers.  Is all this free… Continue reading Should the UK stay in or leave the EU: The UK’s Trade with the EU

Should the UK stay in or leave the EU: The Costs of Membership

(I had few messages complaining about the length of this post. So I have broken it up into section and will be reloading them in the next few days.) Should the UK leave the EU or remain? The consequence of the referendum on the 23rd of June will be felt for years and not just… Continue reading Should the UK stay in or leave the EU: The Costs of Membership

What is the difference between positive and normative statements?

A positive statement is one that can proved right or wrong by the use of evidence. For example ‘Volkswagens share price fell by 34%’ or ‘the interest rate in the UK is 0.5%’. These statements can be supported by evidence and are therefore positive statements.   A Normative statements is one based on opinions. For… Continue reading What is the difference between positive and normative statements?

The Continuum of Market Structures

In most economic textbooks and lessons we teach four market structures. Perfect Competition, Monopolistic Competition, Oligopoly and Monopoly. And we tend to get told that these structures are completely independent and unique from each other. However, this can cause some confusion amongst students, especially those who actually stop and think about it for a minute… Continue reading The Continuum of Market Structures