A Profile of the UK Economy

The Changing UK Economy

In this course, Professor Donald Houston (University of Birmingham) gives a profile of the UK and its economy over the past 100 years. We begin by: (i) outlining the main characteristics of the UK economy; (ii) see how the structure of the UK’s economy has changed in the last century; (iii) investigate the effects of globalisation and foreign direct investment on the UK economy; (iv) understand the regional economic disparities seen in the UK, particularly the North-South divide; before (v) learning more about the challenges facing the modern-day UK economy; and finally (vi) envision future pathways for UK and its economy.

A Profile of the UK Economy

In this lecture, we discuss the evolution of the UK economy and the pivotal role of technological advancements in shaping labour markets and productivity. We begin by (i) illustrating the likelihoods of occupations based on one’s birth-year and birthplace, before (ii) understanding how productivity in different economic sectors has shifted and improved in the last 100 years in the UK.