Gillespie: Foundations of Economics 2e
Links to economic organizations
Adam Smith Institute
"The Adam Smith Institute is Britain's leading innovator of free-market economic and social policies. Since 1977, it has played a key role in developing practical initiatives to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.
The Institute develops and spreads these ideas through its research, reports, seminars, briefings for politicians and journalists; through its website and weblog; and through media pieces in the newspapers and on radio and TV. "
Bank of England
"The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy."
For more information on issues such as the role of the Bank of England in controlling the UK financial system, UK monetary policy and the UK inflation report visit
The Government's spending plans and ways of raising money are outlined in its Budget. This can be found at the HM Treasury website.
The CIA factbook has a great deal of useful information on world economies.
If you would like to read more about the role of the Competition Commission and find out about some of the cases investigated by the Competition Commission you can visit its website.
Confederation of British industry
"The CBI's mission is to help create and sustain the conditions in which businesses in the United Kingdom can compete and prosper for the benefit of all.
We are the premier lobbying organisation for UK business on national and international issues. We work with the UK government, international legislators and policy-makers to help UK businesses compete effectively."
For more information on the European Union visit its website.
Financial Services Authority
Regulator of UK financial services
"The Green Economics Institute undertakes, encourages and supports research into Green Economics issues, perspectives, methods, tools and instruments, economic theoretical discourses and disciplines in order to facilitate change in the way people are affected by the economy and their relationship to it. It will seek out and encourage best practise and innovation in Fair Trade and sustainability and exchange ideas and examples and cases. The aim is that as a result more people enjoy a better quality of life. There will be focus on corporate activities and the globalisation process and their impacts on a range of stakeholders including indigenous peoples, minorities, women, people in less developed countries and non human species and the biosphere and also the conventional wisdoms of trickle down theories, growth and development. "
Institute of Economic Affairs
The Institute of Economic Affairs is a UK "think-tank" whose mission is "to improve understanding of the fundamental institutions of a free society with particular reference to the role of markets in solving economic and social problems". This site includes a section for students.
Institute for Fiscal Studies
"The Institute for Fiscal Studies is a politically independent registered charity, one of Europe's pre-eminent centres of policy research. IFS aims to bridge the gap between policy-makers and academics: to bring academic rigour to policy discussion, and policy relevance to academic research". The site includes details of IFS research and publications, membership information and a guide to job opportunities. Especially useful are the UK Budget Analyses after each Pre-Budget Report, Budget and Spending Review. The IFS publishes analysis of the Chancellor's proposals.
International Coffee Organization
"The International Coffee Organization (ICO) is the main intergovernmental organization for coffee, bringing together producing and consuming countries to tackle the challenges facing the world coffee sector through international cooperation. It makes a practical contribution to the world coffee economy and to improving standards of living in developing countries by:
• Enabling government representatives to exchange views and coordinate coffee policies and priorities at regular high-level meetings.
• Improving coffee quality through the Coffee Quality-Improvement Programme.
• Increasing world coffee consumption through innovative market development activities.
• Initiating coffee development projects to improve quality and marketing.
• Encouraging a sustainable coffee economy and environmental standards.
• Working closely with the private sector through a 16 strong Private Sector Consultative Board which tackles issues such as food safety.
• Providing objective and comprehensive information on the world coffee market.
• Ensuring transparency in the coffee market through statistics."
International Labour Organisation
"The International Labour Organization is the UN specialized agency which seeks the promotion of social justice and internationally recognized human and labour rights. It was founded in 1919 and is the only surviving major creation of the Treaty of Versailles which brought the League of Nations into being and it became the first specialized agency of the UN in 1946."
International Monetary Fund
"The IMF is an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty."
London Stock Exchange
To find out more about the London Stock Exchange and its role in financial markets you can visit:
"The OECD is an organisation with 30 member countries sharing a commitment to democratic government and the market economy. With active relationships with some 70 other countries and economies, NGOs and civil society, it has a global reach. Best known for its publications and its statistics, its work covers economic and social issues from macroeconomics, to trade, education, development and science and innovation."
Office of Fair Trading
"The OFT is responsible for making markets work well for consumers. We do this by promoting and protecting consumer interests throughout the UK whilst ensuring that businesses are fair and competitive" This site has information on a range of issues such as consumer rights and competition legislation.
Office of National Statistics
Access to government statistics on a number of areas such as agriculture, business, the economy, crime, population and transport
OPEC (Oil Petroleum Exporting Countries)
For more information on this organisation of countries visit:
Trade Union Congress
"The TUC is the voice of Britain at work. With 66 affiliated unions representing nearly seven million working people from all walks of life, we campaign for a fair deal at work and for social justice at home and abroad."
The Treasury website provides information on the UK budget, enterprise and productivity, economic data, tax, work and welfare.
"Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development. "
"The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 184 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in our mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together we provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes."