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The Theory of Production - Economics A2 Level Unit 3

A quick video on the Theory of Production section of AQA A2 Economics Unit 3!!
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Edward Wilkinson's curator insight, December 18, 2014 4:23 AM

Theory of Production Vid

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UK banks to face competition inquiry

UK banks to face competition inquiry | ECON | Scoop.it

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Geoff Riley's curator insight, November 6, 2014 4:34 AM

Oligopoly and competition policy in action 

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Increased Contestability: YouTube begins music subscriptions

Increased Contestability: YouTube begins music subscriptions | ECON | Scoop.it
There is a certain comfort in the well-established digital habits that people already have

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Geoff Riley's curator insight, November 12, 2014 5:33 PM

A fast moving world - but evidence here of increasing contestability in the music digital streaming markets

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Price Wars: Price wars lead to food firms closing

Price Wars: Price wars lead to food firms closing | ECON | Scoop.it

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Matt Smith's curator insight, November 25, 2014 2:10 PM

Essential evaluation on the impact of price wars.

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Market Failure - Economics AS Level Unit 1

This is a short revision video which details the causes/types of Market Failure from Economics AS Level Unit 1 with AQA. Not quite sure why I speak so fast i...
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Unit 1 Micro: Tesco’s Hudl - An Inferior Good?

Unit 1 Micro: Tesco’s Hudl - An Inferior Good? | ECON | Scoop.it
Tesco launches an own-brand seven inch tablet with the forgettable name Hudl - how will it be received by Tesco customers and the wider constituency of people looking for an affordable device?

Via Alastair Newton, Simon Crow
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Alastair Newton's curator insight, September 24, 2013 9:31 AM

Interesting that Tesco is entering this market. Do you agree that it should be considered an inferior good?

Timothy Harland's comment, September 16, 2014 4:00 AM
The market is too far saturated already for another "affordable" device to enter and succeed. It is interesting that Tesco market this device as affordable as many reviews suggest otherwise, just because it has a low price tag does not always mean good value. Mixed comments are found in review however. Questions may be asked about how the product is so cheap and the ethics of the manufacture situation which will not help Tesco's reputation which has been battered by an array of things recently
Rescooped by Simon Crow from Forest School: A Level Economics: AQA Economics Unit 1
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How To Draw Externality Diagrams

Students tend to struggle with drawing externality diagrams, so I designed this flowchart to help them to get to grips with them.

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Alastair Newton's curator insight, December 12, 2013 8:29 AM

This has a link to a useful flowchart that can help you draw this important diagram.

Economics4Life's curator insight, January 23, 2014 9:51 AM

This has a link to a useful flowchart that can help you draw this important diagram.

Rescooped by Simon Crow from Forest School: A Level Economics: AQA Economics Unit 1
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Theory of Price - exceptions that prove the rule

Theory of Price - exceptions that prove the rule | ECON | Scoop.it
Perhaps you're starting to look at supply and demand, the start point of the theory of price in Economics. A good way to test your understanding might be to look at a few oddball examples which seem to fly in the face of the theory.

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Alastair Newton's curator insight, October 2, 2013 9:31 AM

The theory of demand we have been studying suggests we would expect an inverse relationship between price and quantity demanded. This interesting article looks at a few unusual cases where the opposite is true. A good article to get you thinking about the basic theory and to test your understanding.

Alastair Newton's comment, October 9, 2013 10:17 AM
Well done for reading and trying to understand this challenging article. The article suggests that the demand for lobster in restaurants falls in the price is reduced (this goes against conventional theory). It is argued that a big reason many buy lobster is it's image as an expensive and exclusive luxury product. Thus when it's price falls it no longer has the same appeal. Also customers might fear there is something wrong with it. Hope this helps. I can discuss this with you in the lesson if you are still unclear.
Alex Kayser's comment, October 11, 2013 10:33 AM
Hello sir, this is my real account. The other ones a fake
Rescooped by Simon Crow from Forest School: A Level Economics: AQA Economics Unit 1
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Unit 1 Micro: Tesco’s Hudl - An Inferior Good?

Unit 1 Micro: Tesco’s Hudl - An Inferior Good? | ECON | Scoop.it
Tesco launches an own-brand seven inch tablet with the forgettable name Hudl - how will it be received by Tesco customers and the wider constituency of people looking for an affordable device?

Via Alastair Newton
more...
Alastair Newton's curator insight, September 24, 2013 9:31 AM

Interesting that Tesco is entering this market. Do you agree that it should be considered an inferior good?

Timothy Harland's comment, September 16, 2014 4:00 AM
The market is too far saturated already for another "affordable" device to enter and succeed. It is interesting that Tesco market this device as affordable as many reviews suggest otherwise, just because it has a low price tag does not always mean good value. Mixed comments are found in review however. Questions may be asked about how the product is so cheap and the ethics of the manufacture situation which will not help Tesco's reputation which has been battered by an array of things recently
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Key Terms - A2 Economics Unit 3

2014 Apsara Sumanasiri. Edexcel A2 Economics Unit 3 Revision Check out more revision material at http://TheRevisionGuide.wordpress.com.
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Demand In A Market - AS Economics Unit 1

A short revision video on the 'Demand In A Market' chapter of the 'Markets and Market Failure' unit of AQA AS Level Economics. For some reason I sounds bored...
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Market Failure - Economics AS Level Unit 1

This is a short revision video which details the causes/types of Market Failure from Economics AS Level Unit 1 with AQA. Not quite sure why I speak so fast i...

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EU regulators bust envelope cartel in time for holiday cards

EU regulators bust envelope cartel in time for holiday cards | ECON | Scoop.it
Five European envelope-makers fined total of $24m for fixing prices at meetings they called ‘mini-golf’

Via Geoff Riley, Matt Smith
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Privatisation: East Coast rail winner announced

Privatisation: East Coast rail winner announced | ECON | Scoop.it

s story is an


Via Geoff Riley, Matt Smith
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Geoff Riley's curator insight, November 27, 2014 4:59 AM

This story is an important one covering privatisation and competition policy

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Monopsony: Food giant accused over cash request

Monopsony: Food giant accused over cash request | ECON | Scoop.it

Via Geoff Riley, Matt Smith
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Geoff Riley's curator insight, December 5, 2014 11:42 AM

Pay and stay - is this an unfair, exploitative example of the monopsony power of a giant food business over their suppliers? Or a suitable strategy for a company looking to trim their list of suppliers and build longer-term commercial relationships? On the surface it doesn't look good, perhaps the tip of the iceberg in food and drinks industries where suppliers are pathetically dependent on mass-volume food manufacturers for sales?

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Supply-Side Policy - Economics AS Level Unit 2

The last ever AS Macroeconomics video (arghhhh) designed for anyone taking AS Economics with AQA!!! If you listen carefully you can actually hear the bird hi...
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Government Intervention - Economics AS Level Unit 1

This is short revision video on government intervention in a market situation which covers the types of government intervention and the problems a government...
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Minimum alcohol price plan shelved

Minimum alcohol price plan shelved | ECON | Scoop.it
The government will not introduce a minimum price for a unit of alcohol in England and Wales but will stop it being sold below the cost of duty plus VAT.
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AS Economics Revision Notes

 "Revision notes to support all the main awarding body specifications for AS Economics".


Via AMB, Economics4Life, Alastair Newton
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Alastair Newton's curator insight, February 25, 2014 5:28 PM

A link to useful revision notes from tutor2u

Danny Morgan's comment, September 14, 2014 1:39 PM
This will be a good link to use in the future as part of revisions. There is a clear layout on the topics we will be studying and it will be good to come to if I am unsure about anything in particular.
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The 4 (or 5) Worst Market Failures in Human History | Talking Union

The 4 (or 5) Worst Market Failures in Human History | Talking Union | ECON | Scoop.it
by Stan Sorscher I'm a capitalist for one reason: to raise living standards in my community. A familiar mantra of capitalism guides me: Markets are powerful and efficient. I'm also a realist, so I temper that mantra: Markets are ...

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Alastair Newton's curator insight, September 9, 2013 9:57 AM

An article in which the author outlines what he considers the biggest market failures in history

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The Economic Problem - AS Economics Unit 1

A short revision video on 'The Economic Problem' chapter of the 'Markets and Market Failure' unit of AQA AS Level Economics. I was half asleep when I made th...
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Supply In A Market - Economics AS Level Unit 1

A short revision video on the 'Supply In A Market' chapter of the 'Markets and Market Failure' unit of AQA AS Level Economics. I speak pretty fast in this li...
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