Page 3. " Nobel Prize in Economics "
Nobel Prize medal
Public Domain Nobel Prize medal

 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (also known as The Nobel Prize in Economics) is not one of the original prizes established by Alfred Nobel’s 1895 will. The Prize in Economics was endowed in by Sveriges Riksbank during 1968, the bank’s 300th anniversary year, in memory of Alfred Nobel. It was first awarded in 1969 and it is the only non-Nobel prize to be officially associated with the Nobel Foundation.

Quick facts on the Prize in Economic Sciences


Page 5. " Like all London stations at rush hour, Waterloo is packed full of sleep-deprived, tetchy travellers. "

With 19 terminal platforms in reglular use, Waterloo is the largest railway stataion in the UK. It is one the busiest passenger terminals in the whole of Europe, second only to Gare du Nord in Paris.



"Rush hour at Waterloo Station is condensed into three minutes in this breakneck short from Nick Nicholls, one of many British Transport Films he directed. Using time lapse photography, he captures the frenetic swarm of the morning rush - although there are now considerably more shops at Waterloo, the commotion of commuters is clearly nothing new." -- British Film Institute National Archive  

Page 7. " According to economics professor Brian McManus, mark-ups on coffee are around 150 per cent "

Creative Commons AttributionStarbucks - Credit: Josep Mª Rosell
Brian McManus presents an empirical study in product design distortions (e.g. the small version of a product is “too small”) using the example of specialty coffee. See the full paper here.

Page 9. " David Ricardo "

David Ricardo (19th April 1772—11 September 1823) was a highly influential classical economist whose legacy includes many useful theories defending free trade among nations including the law of comparative advantage and the law of diminishing return. Known for his rigorous logic, Ricardo’s ideas have become theoretical predecessors to classical political economy. On the Principles of Political Economy and Taxation is his most well-known book.