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Economics Demystified (October 2010)

Economics Demsystified (feat. Power Buoy/RDA; Princess Hay Retail Development/RDA; Plymouth Railway Station/RDA-Tom Smith; Drake Circus Mall RDA/Tom Smith; Sustainable Surfing RDA/Dave Young)
Knowing your GVA from your GDP, your RPI from your CPI.... this event, hosted by the SWO Economy Module on Tuesday 26th October, sought to unravel the fundamental economic principles that underlie economic development - be it national, regional and local. It did so in the context of the unprecedented challenges facing the economy today, including the pressing need for public/private sector rebalancing. In addition, the session provided an overview of the South West Regional Accounts and the vital role they can play in constructing a robust economic evidence base for any geography.

To view all presentations from the day, click through the various interactive displays below. To save hard copies of each or all of them, see the download options in the right hand column. In due course a short video of the event will be made available online.

Chief Economist at the South West RDA Nigel Jump opened the day with a guide to understanding the fundamental economic principles. To download a PDF copy of Nigel's presentation, click Economic Principles Presentation.
In his follow-on presentation, Nigel focused on the South West Economy and considered its characteristics and the challenges it faces. To download a PDF copy of this presentation click South West Economy Characteristics and Challenges.
Steve Bashford, South West RDA/Economy Module, presented on measures of economic growth, considering alternative measures to GDP/GVA. To download a PDF version of Steve's presentation click All You Wanted to Know about GVA Presentation.
Allison McCaig, South West RDA/Economy Module Manager, delivered the fourth presentation of the day which gave delegates a whistle-stop tour of the South West Regional Accounts. To download a PDF copy of Allison's presentation, click South West Regional Accounts Presentation. To access the South West Regional Accounts, see Econi online (the online edition of the Regional Accounts) and please email any questions on the Regional Accounts to Allison directly.
Shane Vallance, South West RDA/Economy Module, delivered the opening presentation after lunch on the arguments for and against intervening in the economy in view of market failure. To download a PDF copy of Shane's presentation, see Rationale for Intervening in the Economy Presentation.
Donald Barr, South West RDA/Economy Module, delivered the final presentation of the day which looked what research can tell us about the South West Economy. Using the statement that 'Exports are Good for the Economy', Donald addressed how research might be planned and highlighted various issues which could help better inform policy making. To download a PDF copy of Donald's presentation see 'What can Learn about the South West Economy from Research?' presentation.

Download Options

NEW Glossary of Economic Terms

Event Programme: Economics Demystified

Fundamental Economic Principles (Nigel Jump)

Characteristics & Challenges (Nigel Jump)

All You Wanted to Know about GVA... (Steve Bashford)

South West Regional Accounts (Allison McCaig)

Rationale for Intervening in the Economy (Shane Vallance)

What can we learn about the South West Economy from Research? (Donald Barr)