#ECON1
Follow
Find
5.8K views | +2 today
 
Scooped by Phil Hensman
onto #ECON1
Scoop.it!

Information failure, inferior products, negative externalities: Smoking, unsafe sex and alcohol 'pose growing threat in poorer countries'

Information failure, inferior products, negative externalities: Smoking, unsafe sex and alcohol 'pose growing threat in poorer countries' | #ECON1 | Scoop.it
Nearly 80% of the deaths from smoking in 2010 occurred in poorer countries, says World Bank, as risky behaviour soars
more...
Mr Jones's curator insight, November 20, 2013 10:24 AM

Externalities and loads of other relevant concepts in interesting contexts

Maxwell Thomas Moore's curator insight, November 25, 2013 3:11 PM

We need to spend more money and put in more effort to inform people in poorer countries about smoking and help the people who smoke to stop.

#ECON1
Unit 1 Economics AS Level
Curated by Phil Hensman
Your new post is loading...
Your new post is loading...
Scooped by Phil Hensman
Scoop.it!

Price inelastic demand: Deterring use our raising revenue? Hospital parking charges set to rise

Price inelastic demand: Deterring use our raising revenue? Hospital parking charges set to rise | #ECON1 | Scoop.it
Patients and visitors to Leicester's hospitals could be facing a price increase in car park charges of about 12 per cent. Staff parking charges have already been increased and bosses at...
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Positive externalities in production: 'Promotion can lift our economy into a different league'

Positive externalities in production: 'Promotion can lift our economy into a different league' | #ECON1 | Scoop.it
Isobel Frodsham speaks to business leaders on how the county can benefit from Leicester City's promotion to the Premier League. Ian Harrison, director of UK Trade and Investment for the East...
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Sugar tax may be needed, MPs told

Sugar tax may be needed, MPs told | #ECON1 | Scoop.it
Phil Hensman's insight:

Analyse and evaluate....

more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Information failure: Banana ban for health-kick monkeys at Paignton Zoo

Information failure: Banana ban for health-kick monkeys at Paignton Zoo | #ECON1 | Scoop.it
Nutritionists at Devon zoo say giving bananas to primates is equivalent to giving humans cake and chocolate
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Can you tell the difference between composite demand and derived demand? Brick shortage threatens construction sector's recovery hopes

Can you tell the difference between composite demand and derived demand? Brick shortage threatens construction sector's recovery hopes | #ECON1 | Scoop.it
Industry survey highlights scarcity of materials as leading impediment to growth as ONS estimates sector's output fell 4% in November
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Shop prices fall at fastest pace in seven years in December

Shop prices fall at fastest pace in seven years in December | #ECON1 | Scoop.it
Retailers using deep discounts to attract cash-strapped consumers, the British Retail Consortium says
Phil Hensman's insight:

Changes in Supply or Demand? I'd argue both....

more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Council plans more cuts to save £70m

Council plans more cuts to save £70m | #ECON1 | Scoop.it
Phil Hensman's insight:

A great example of Gov't considering opportunity cost when deciding on the amount of public and merit goods to produce

more...
Phil Hensman's curator insight, January 7, 11:40 PM

Evaluation of usefulness of public and merit goods put into context with opportunity cost... (OC is a great way to evaluate)

Scooped by Phil Hensman
Scoop.it!

Badger cull 'cost £4,121 per animal'

Badger cull 'cost £4,121 per animal' | #ECON1 | Scoop.it
Phil Hensman's insight:

Government Failure

more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Increasing regulation to reduce negative externalities: 60mph limit planned for part of M1

Increasing regulation to reduce negative externalities: 60mph limit planned for part of M1 | #ECON1 | Scoop.it
The government is proposing to reduce the speed limit to 60mph for a 32-mile stretch of the M1, in an effort to cut air pollution.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Negative externalities in consumption, public goods and Derby coming out badly? Economics doesn't get any better... Derby sewers 'worst for fatbergs'

Negative externalities in consumption, public goods and Derby coming out badly? Economics doesn't get any better... Derby sewers 'worst for fatbergs' | #ECON1 | Scoop.it
Derby is named as having the most blocked and fat-clogged sewers among towns and cities in the East Midlands.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Dealing with demerit goods: Uruguay Is First To Legalise Marijuana Trade

Dealing with demerit goods: Uruguay Is First To Legalise Marijuana Trade | #ECON1 | Scoop.it
The South American country's move is seen by some as a "more intelligent focus" in the war on drugs.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Demerit goods: Britons pump £46billion a year into gambling machines

Demerit goods: Britons pump £46billion a year into gambling machines | #ECON1 | Scoop.it
Dubbed the ‘crack cocaine’ of the high street, the machines allow punters to lose up to £100 every 20 seconds.
more...
Scooped by Phil Hensman
Scoop.it!

Why have prices risen? Brazilians see pricey football tickets

Why have prices risen? Brazilians see pricey football tickets | #ECON1 | Scoop.it
The high cost of football tickets means many Brazilians cannot afford to see their teams play in stadiums.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

The men blasted for urinating in public

The men blasted for urinating in public | #ECON1 | Scoop.it
more...
Mr Jones's curator insight, May 8, 5:13 AM

Interesting application of the external cost principle.  What do you think of the government intervention used?

Scooped by Phil Hensman
Scoop.it!

Information failure: Do consumers know the true effects? Even casual use of cannabis alters brain, warn scientists - Telegraph

Information failure: Do consumers know the true effects? Even casual use of cannabis alters brain, warn scientists - Telegraph | #ECON1 | Scoop.it
People who had used cannabis once or twice a week for a matter of months found to have changes in the brain that govern emotion, motivation and addiction
more...
Mr Jones's curator insight, May 8, 5:17 AM

Are the costs associated with young people smoking cannabis fully known? Information problems that could lead to overconsumption?

Scooped by Phil Hensman
Scoop.it!

Some great evaluation of what works and who it works for: Teenage smoking 'at record low'

Some great evaluation of what works and who it works for: Teenage smoking 'at record low' | #ECON1 | Scoop.it
Smoking among young teenagers in Scotland is at its lowest level since modern surveys began, a study by Ash Scotland suggests.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Obesity: How worried should we be?

Obesity: How worried should we be? | #ECON1 | Scoop.it
Phil Hensman's insight:

Information Failure on fatty foods and obesity

more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

EU bee shortage threatens crops

EU bee shortage threatens crops | #ECON1 | Scoop.it
Phil Hensman's insight:

Positive Externalities In Production

more...
Dan Martin's curator insight, January 14, 1:56 AM

Looks like a lot economics in here!

Scooped by Phil Hensman
Scoop.it!

Minimum Alcohol Pricing: Criticism Over U-Turn

Minimum Alcohol Pricing: Criticism Over U-Turn | #ECON1 | Scoop.it
The Government is accused of "deplorable practices" after meetings with the drinks industry before shelving minimum pricing.
Phil Hensman's insight:

Regulatory Capture

more...
Dan Martin's curator insight, January 14, 1:58 AM

What is happeing here? Would minimum pricing reduce consupmption? Is hte governement right to listen to lobbying from within the industry?

Scooped by Phil Hensman
Scoop.it!

Drivers pay out £1.3 million in fines after being caught in bus lanes in Leicester

Drivers pay out £1.3 million  in fines after being caught in  bus lanes  in Leicester | #ECON1 | Scoop.it
Nearly £1.3 million in fines has been paid by drivers who flouted bus lane restrictions in Leicester in the past 18 months. Cameras in Charles Street and Causeway Lane caught 47,232...
Phil Hensman's insight:

Notice the drop in numbers of people being fined. Does that signal that it is working?

more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Increase in demand or decrease in supply or both? Why bluefin tuna have no 'fair' price

Increase in demand or decrease in supply or both? Why bluefin tuna have no 'fair' price | #ECON1 | Scoop.it
The bluefin tuna auctioned off this weekend in Japan was comparatively 'cheap', but the price can't be used as a yardstick for its conservation status
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Increase in demand or reduction in supply? House Prices 'Jumped 1.4% In December'

Increase in demand or reduction in supply? House Prices 'Jumped 1.4% In December' | #ECON1 | Scoop.it
There are renewed fears of a housing bubble as prices leap in December, according to mortgage lender Nationwide.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Different ways to correct information failure: Text message to cut binge drinking

Different ways to correct information failure: Text message to cut binge drinking | #ECON1 | Scoop.it
A major study aimed at cutting binge drinking among Scottish men will use text messaging in an attempt to change behaviour.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Even ‘safe’ levels of air pollution can harm your health | Health | News | Daily Express

Even ‘safe’ levels of air pollution can harm your health | Health | News | Daily Express | #ECON1 | Scoop.it
AIR pollution can kill – even at so-called “safe” levels, according to the ­latest research.
more...
No comment yet.
Scooped by Phil Hensman
Scoop.it!

Perfectly inelastic supply: For sale: 150 million-year-old dinosaur

Perfectly inelastic supply: For sale: 150 million-year-old dinosaur | #ECON1 | Scoop.it
The almost complete fossil of a diplodocus is set to go under the hammer at an auction in the UK on Wednesday.
more...
No comment yet.