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EzyEconomics Weekly 5 - Trade Wars, The Environment, Sanctions, Scandals and Recycling

The Weekly 5 is back with stories from Scotland to Iran! If anyone is unfamiliar with this regular feature it aims to provide you with a short summary of some of the most significant and interesting stories of the week across and within economies around the world. This helps keep you up to date with the news, whilst at the same time provide you with examples of economic theories and policies in action in the real world.

This week's top 5 Economics stories, as chosen by our EzyEconomics team:

Environmental Challenge - The UN released a biodiversity report that outlined some rather distressing trends in the decline in the natural environment, we assess the role that economics can play in improving the sustainability of society's actions.

Iran Sanctions - The US have re-imposed economic sanctions on the oil-rich nation of Iran, we assess the economic implications of this.

1MDB Scandal - We take a reflective look at the 1MDB scandal that involved Malaysia and the investment bank Goldman Sachs, we discuss the impact that corruption has on the growth and development rates of a country.

US-China Trade War - The trade war between the two nations escalated this week, we assess the economic rationale for imposing tariffs on foreign goods and discuss whether trade deficits actually matter. 

Scotland's Recycling Scheme - Scotland announced that it would be introducing a deposit return scheme for plastic bottles, we attempt to make the link between this scheme and behavioural economics.

For each topic, we have designed a question to help your students use the skills they have developed in class and apply them to real-world situations.

Click here to download the full PDF version

Stay tuned for further editions of the Weekly 5 released on Friday's during term time!

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Tuesday, 17 May 2022
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