Econ Unit Three
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Energy firms told to trade fairly

Energy firms told to trade fairly | Econ Unit Three | Scoop.it
The "big six" energy firms are being told by the regulator to trade with small energy suppliers fairly, or face heavy fines.
Rory Adamson's insight:

Monopsony being tackled by the Govt

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Regulation of a monopoly: Power to raise rail fares curbed

Regulation of a monopoly: Power to raise rail fares curbed | Econ Unit Three | Scoop.it

The rail industry's power to increase fares in England is to be curbed as part of a government drive to overhaul the rail fare system.


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Increasing Contestability leads to lower quality? Top evaluation: David Byrne: 'The internet will suck all creative content out of the world'

Increasing Contestability leads to lower quality? Top evaluation: David Byrne: 'The internet will suck all creative content out of the world' | Econ Unit Three | Scoop.it

The boom in digital streaming may generate profits for record labels and free content for consumers, but it spells disaster for today's artists, says David Byrne


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Supply of labour: Weak students 'barred from new teacher training courses' - Telegraph

Supply of labour: Weak students 'barred from new teacher training courses' - Telegraph | Econ Unit Three | Scoop.it

Rising numbers of prospective teachers are being barred from the classroom following a significant toughening up of training courses, it emerged today.


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Collusion, not always a bad thing... Wozniak: I wish Apple & Google were partners

Collusion, not always a bad thing... Wozniak: I wish Apple & Google were partners | Econ Unit Three | Scoop.it

Steve Wozniak speaks to Click's Spencer Kelly about a future partnership with Apple and Google, smartwatches - and movies.


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£2,000 fuel bills on the way, consumers warned

£2,000 fuel bills on the way, consumers warned | Econ Unit Three | Scoop.it
Forecast comes as EDF announces 3.9% rise and National Audit Office casts doubts on government price predictions

Via Phil Hensman
Rory Adamson's insight:

Supernormal profits so that they can invest?

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Phil Hensman's curator insight, November 13, 2013 2:13 AM

Supernormal profits for infrastructure investment

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Five questions that the big six energy firms must answer

Five questions that the big six energy firms must answer | Econ Unit Three | Scoop.it
Terry Macalister: MPs must pin down the energy giants on why prices are soaring, how much they make from trading, and much more
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Welfare dependency isn't Britain's gravest economic problem. Pitiful pay is

Welfare dependency isn't Britain's gravest economic problem. Pitiful pay is | Econ Unit Three | Scoop.it
Polly Toynbee: If the government really wanted to cut its benefit bill, it would ensure that employers give their workers a living wage
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Amazon sees quarterly loss narrow

Amazon sees quarterly loss narrow | Econ Unit Three | Scoop.it
Rory Adamson's insight:

Despite everything i buy from them.  Surely they are keeping prices low to keep out the opoosition?!

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Energy chiefs under fire on prices

Energy chiefs under fire on prices | Econ Unit Three | Scoop.it
Top executives from the UK's six largest energy companies are expected to face serious criticism when they come before a group of MPs.
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Google share price tops $1,000

Google share price tops $1,000 | Econ Unit Three | Scoop.it
Shares in Google rise 13% to $1,011.41 after the company reports surging mobile and video advertising revenues

Via Geoff Riley
Rory Adamson's insight:

Makoing money from advertising revenue from mobiles.  PCS continue to decline...?

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Geoff Riley's curator insight, October 20, 2013 11:20 AM

The big revenue win for Google has been the successful roll out of advertising spending on mobile devices as the PC continues to decline. The share price has now exceeded $1000!

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OECD Head Calls for Global Effort Against Climate Change - New York Times

OECD Head Calls for Global Effort Against Climate Change - New York Times | Econ Unit Three | Scoop.it
OECD Head Calls for Global Effort Against Climate Change New York Times German companies pay some of the highest power prices in Europe, and two and a half times those of their American competitors, according to a report released Wednesday in...
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SSE to raise energy prices by 8.2%

SSE to raise energy prices by 8.2% | Econ Unit Three | Scoop.it
SSE customers will see an average 8.2% rise in gas and electricity prices from 15 November, the company has announced.
Rory Adamson's insight:

Let's think how this deals with monopolies

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Contestability: Removal of barriers to entry: Digital Music Boom Helping 'DIY Bands'

Contestability: Removal of barriers to entry: Digital Music Boom Helping 'DIY Bands' | Econ Unit Three | Scoop.it

As Radiohead's Thom Yorke attacks Spotify, Sky News asks bands and labels whether new technology is helping or hindering UK acts.


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A podcast about marginal costs/revenues and average costs/revenues and their relationship to each other


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Monopoly pricing: Why is broadband more expensive in the US?

Monopoly pricing: Why is broadband more expensive in the US? | Econ Unit Three | Scoop.it

Home broadband in the US costs twice as much as it does in Europe and three times as much as it does in South Korea, according to a new report. Why?


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Mr Jones's curator insight, November 16, 2014 9:59 AM

"Americans pay so much because they don't have a choice," says Susan Crawford, a former special assistant to President Barack Obama on science, technology and innovation policy.

Although there are several national companies, local markets tend to be dominated by just one or two main providers."

 

But is the the short term price for a fundamentally improved service in the future?

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BT Sport seal £1bn deal for exclusive Champions League broadcasting rights

BT Sport seal £1bn deal for exclusive Champions League broadcasting rights | Econ Unit Three | Scoop.it
BT Sport has concluded a deal with Uefa to exclusively broadcast Champions League matches for three years from 2015

Via Phil Hensman
Rory Adamson's insight:

Contestable markets?

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Phil Hensman's curator insight, November 11, 2013 4:24 AM

Contestability of markets, barriers to entry

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EDF Energy reveals 'unprecedented' sales surge as rivals hit customers with price hikes - Telegraph

EDF Energy reveals 'unprecedented' sales surge as rivals hit customers with price hikes - Telegraph | Econ Unit Three | Scoop.it
Energy giant EDF Energy has seen a 600pc increase in sales of its fixed price gas and electricity deals in the past fortnight after three of its rivals hit their customers with inflation-busting price hikes.
Rory Adamson's insight:

Game theory in action?!!

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Back from the brink

Back from the brink | Econ Unit Three | Scoop.it
OCTOBER 25th was the end of an era at Aulnay-sous-Bois. Workers stood watching as the last car came off the assembly line at the PSA Peugeot Citroën site there, a...
Rory Adamson's insight:

Oligopoly?  Clearly no collusion?

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INDEX

INDEX | Econ Unit Three | Scoop.it
Rory Adamson's insight:

Competition leading todecline in abnormal profits?!

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Unit 3 Micro: Business Economics

Unit 3 Micro: Business Economics | Econ Unit Three | Scoop.it
News articles, videos and other resources for Business Economics (Unit 3 Micro)
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This is a great site to visit

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Wonga buys German payment firm BillPay as global expansion continues

Wonga buys German payment firm BillPay as global expansion continues | Econ Unit Three | Scoop.it
Controversial lender purchases company which lets people pay in instalments for items bought online

Via Geoff Riley
Rory Adamson's insight:

Vertical integration

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Geoff Riley's curator insight, October 20, 2013 11:24 AM

Vertical integration to fast-trak the already rapid growth of the pay-day lender Wonga.

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SSE to raise energy prices by 8.2%

SSE to raise energy prices by 8.2% | Econ Unit Three | Scoop.it
SSE customers will see an average 8.2% rise in gas and electricity prices from 15 November, the company has announced.
Rory Adamson's insight:

Monopoly?

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