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A Rare Peek Inside the Famed Factory Where Ferraris Are Born | WIRED

A Rare Peek Inside the Famed Factory Where Ferraris Are Born | WIRED | AS Micro | Scoop.it
A photo tour of the Maranello factory shows Ferrari hasn’t done away with the human touch that makes its cars special. Not yet, anyway.
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Opinion: Road pricing has moved beyond transportation wars - Vancouver Sun

Opinion: Road pricing has moved beyond transportation wars - Vancouver Sun | AS Micro | Scoop.it
Vancouver Sun Opinion: Road pricing has moved beyond transportation wars Vancouver Sun Participants were particularly interested to find out the infrastructure to support cars costs our region $3 billion annually in subsidies, user fees and...
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Reduced consumer demand pulls power semiconductor business down, says IHS

Reduced consumer demand pulls power semiconductor business down, says IHS | AS Micro | Scoop.it
 Market research firm IHS reported that the global revenue in the power semiconductor business dropped by nearly 16 percent in 2012 as sluggish consumer demand. Falling pricing and other factors also contributed to undercut the market.

Via Frank Klomp
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U.K. House Prices Surge Most Since 2007 as Demand Increases - Bloomberg

U.K. House Prices Surge Most Since 2007 as Demand Increases - Bloomberg | AS Micro | Scoop.it
euronews
U.K. House Prices Surge Most Since 2007 as Demand Increases
Bloomberg
U.K.
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Shoppers spend £1bn less in August after July splurge - Telegraph

Shoppers spend £1bn less in August after July splurge - Telegraph | AS Micro | Scoop.it
Weak retail sales in August took the gloss off recent strong economic data as shoppers tightened their belts again in last month.
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Demand for fresh TV shows puts creative types in tight supply

Demand for fresh TV shows puts creative types in tight supply | AS Micro | Scoop.it
Growing demand for new TV series from broadcasters, cable TV channels and online video is creating a scarcity of writers, directors and even actors available to produce certain types of shows.
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How does a skyscraper melt a car?

How does a skyscraper melt a car? | AS Micro | Scoop.it
A London skyscraper dubbed the "Walkie Talkie" has been blamed for reflecting light which melted parts of a car parked on a nearby street. What happened? (RT @SalvaBarros: @tutor2u_econ Great video to introduce negative externalities.
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Information Failure: Inside the Energy Drinks

Information Failure: Inside the Energy Drinks | AS Micro | Scoop.it
Energy drinks usually contain caffeine, sugar and additives with strange-sounding names. Producers claim their mixes provide mental and physical benefits.

Via Matt Smith
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Pendleton Economics's curator insight, January 4, 2013 2:46 PM

Does information failure lead to the over consumption of these drinks?

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Price Discrimination - How Technology makes it easier

This is a great video on how some businesses are using cookies on our computers to price discriminate. The technology allows them to reduce our consumer surplus and maximise their producer surplus..


Via Matt Smith
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Negative Externalities

Negative Externalities | AS Micro | Scoop.it

Negative Externalities...


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Faris's curator insight, December 13, 2015 9:59 AM

The graph denotes the interplay between quantity of output, marginal social and private costs.

 

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Negative Externalities

Gloria Sheu 11A
I find his videos VERY helpful--especially this one. In this video, Paj Holden brings out several "positive-externality" scenarios. He uses many examples; he mentioned a student going to college as an graduate rather than just a undergraduate. By getting a better job, he/she would be paying more taxes, which would bring in more revenue for the government, and finally, this would bring in more everyday facilities. Another example Paj Holden brought out is healthcare and vaccines. When a person gets a vaccine, he/she recieved such a treatment to increase PRIVATE benefits. In a sense, this would be an external social benefit, because it would lower the possibility of getting sick even if the "third-party" had not recieved vaccinations. He emphasized,however, that although these positive externalities are beneficial, these mark a significant kind of market failiure. There simply isn't enough of the goods/ services to match the market provided output. To put into simpler terms, the society wants more, but not enough is produced to match that demand.

 


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Luke Walker's curator insight, January 13, 2013 9:19 AM

Nice find Gloria.

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Op-Ed: Externality 101, Understanding Hidden Costs of Fossil Fuel - Patch.com

Op-Ed: Externality 101, Understanding Hidden Costs of Fossil Fuel
Patch.com
During a freshman economics course at Princeton we learned about "externalities" -- the costs of production that are not reflected in the purchase price of the output.
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Energy costs shift; solar, externalities and subsidies - Solar Business ...

Energy costs shift; solar, externalities and subsidies - Solar Business ... | AS Micro | Scoop.it
When I posted a story last week about the closure of traditional generators due to renewables by one of Germany's largest electricity utilities, it.
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Wine drinkers can rest easy: basic economics tells us bad harvest won't mean ... - Irish Independent

Wine drinkers can rest easy: basic economics tells us bad harvest won't mean ... - Irish Independent | AS Micro | Scoop.it
Irish Independent
Wine drinkers can rest easy: basic economics tells us bad harvest won't mean ...
Irish Independent
What do bottles of wine and Florida oranges have in common?
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Freshers' fun? Not for the cleaners

Freshers' fun? Not for the cleaners | AS Micro | Scoop.it
Students are returning for the new university term. But for cleaners, freshers' week is the worst time of the year. (Negative externalities. Freshers' week fun?
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Carbon markets less exciting than a hole in one but big drivers - The Age

Carbon markets less exciting than a hole in one but big drivers - The Age | AS Micro | Scoop.it
The Age
Carbon markets less exciting than a hole in one but big drivers
The Age
It is only through a market mechanism, he said, that a large enough and rapid enough response can be achieved in curbing pollution.
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Housing scarcity boosting prices - This is Local London

Housing scarcity boosting prices - This is Local London | AS Micro | Scoop.it
Housing scarcity boosting prices
This is Local London
A recovering housing market has forced a steep rise in Chingford property prices, according to experts.
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Factors of Production: it’s not just ‘Land’

Factors of Production: it’s not just ‘Land’ | AS Micro | Scoop.it
'Factors of Production' is a bit of a mouthful, but it's a better term to use than 'resources' when describing the ingredients needed to produce goods and services.

Via Bruce Fellowes
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Government proposes higher subsidies for onshore wind projects on the Scottish ... - Out-Law.com

Government proposes higher subsidies for onshore wind projects on the Scottish ... - Out-Law.com | AS Micro | Scoop.it
Recharge
Government proposes higher subsidies for onshore wind projects on the Scottish ...
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ECONOMICS - Restrictions on alcohol sales go into effect today in Turkey

ECONOMICS - Restrictions on alcohol sales go into effect today in Turkey | AS Micro | Scoop.it
A series of controversial regulations placing limits on the sale and advertising of alcoholic beverages in Turkey takes effect as of today (ECONOMICS - Restrictions on alcohol sales go into effect today in Turkey http://t.co/hLQWuMI6UM...
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Demerit Goods: Graphic anti-smoking ad launched

Demerit Goods: Graphic anti-smoking ad launched | AS Micro | Scoop.it
A series of hard-hitting government adverts featuring people smoking cigarettes with a tumour bulging from them is being launched in England.

Via Matt Smith
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Matt Smith's curator insight, December 28, 2012 2:48 AM

Advertising Campaign. Aim demand cause a shift to the left in demand.

Mr Jones's curator insight, November 20, 2013 10:36 AM

Aren't high taxes enough? Will this policy be more effective?

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Negative Externalities: The cost of congestion

RT @PhilsEconomics: #ECON1: Negative Externalities:@COLFESeconomics: The cost of congestion £500 per household per year!


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Helenhadjam's curator insight, January 25, 2013 4:50 PM

Putting a value on external costs

Faris's curator insight, December 13, 2015 10:00 AM

The image shows how consumers of motor vehicles create social costs (pollution etc) all together in exchange for a private benefit (quicker, easier etc).

WACKY ECONOMIST's curator insight, October 6, 2:55 PM
This article shows us about something we all experience at some point in our lives - congestion. Obviously this will give massive negative consequences, especially because congestion can be seen as an indicator of market failure.
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Capital Factor Of Production ~ Education

Capital Factor Of Production ~ Education | AS Micro | Scoop.it
All four factors of production categories are important to the production of goods used in the wants-and-needs-satisfying process that keeps human beings alive from one day to the next and makes living just a little more ...
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Teen smokers 'ignore graphic photos'

Teen smokers 'ignore graphic photos' | AS Micro | Scoop.it
Picture warnings on cigarette packets depicting the dangers of smoking make little impact on teenage smokers, a study suggests.
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