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#ECON1
Unit 1 Economics AS Level
Curated by Phil Hensman
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Negative externalities in production: Air Pollution 'Leading Cause of Cancer'

Negative externalities in production: Air Pollution 'Leading Cause of Cancer' | #ECON1 | Scoop.it
The air we breathe is laced with cancer-causing substances and is now classified as carcinogenic to humans, WHO says.
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Increase in demand: Why? New Car Sales Accelerate In September

Increase in demand: Why? New Car Sales Accelerate In September | #ECON1 | Scoop.it
More healthy signs for the UK economy as new car registrations hit a five-year high, as the new 63 number plate is released.
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PED and total revenue: National Lottery Ticket Price Doubles To £2

PED and total revenue: National Lottery Ticket Price Doubles To £2 | #ECON1 | Scoop.it
The revamped lottery system sees some winners get bigger prizes - but other payouts are dropping in value.
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Negative externalities: Regulation, Government failure: 'It is time to end the war on drugs', says top UK police chief

Negative externalities: Regulation, Government failure: 'It is time to end the war on drugs', says top UK police chief | #ECON1 | Scoop.it
Mike Barton, Durham's chief constable, says NHS 'could be used to supply addicts' and urges drugs policy revolution
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Command economies: Breaking Bad in North Korea: Shocking despatch from Kim Jong-un's sinister state reveals the country's scientists are mass producing highly addictive 'crystal meth'

Command economies: Breaking Bad in North Korea: Shocking despatch from Kim Jong-un's sinister state reveals the country's scientists are mass producing highly addictive 'crystal meth' | #ECON1 | Scoop.it
North Korea is pumping out massive quantities of methamphetamine, or 'crystal meth', reports Ian Birrell in Pyongyang.
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Market equilibrium: Food Price Rises 'A Source Of Stress'

Market equilibrium: Food Price Rises 'A Source Of Stress' | #ECON1 | Scoop.it
Rising food prices are causing "stress and concern" for more than 40% of British consumers, according to a survey.
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#ECON1: Motorsport Valley and External Economies of Scale

#ECON1: Motorsport Valley and External Economies of Scale | #ECON1 | Scoop.it
The occasion of the 2011 British Grand Prix at Silverstone in Northamptonshire is an opportunity to showcase the extraordinary growth and success of the motorsport industry in the UK.
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Factors of production: Kenya discovers huge water source

Factors of production: Kenya discovers huge water source | #ECON1 | Scoop.it
A huge water source has been discovered in the arid Turkana region of northern Kenya which could supply the country for 70 years, the government says.
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Scarce resources: Opportunity cost: Viewpoints: How should the police best use limited resources?

Scarce resources: Opportunity cost: Viewpoints: How should the police best use limited resources? | #ECON1 | Scoop.it
The police face pressure to maintain and even improve the service they provide while working under increasing financial constraint. How should they make the most of limited funds?
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Bruce Fellowes's curator insight, September 6, 2013 4:49 AM

Related to our lessons this week

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Increase in demand, think about elasticity of supply too: Brazil appeals against hotel prices

Increase in demand, think about elasticity of supply too: Brazil appeals against hotel prices | #ECON1 | Scoop.it
Brazil's tourism board asks football governing body Fifa and hotel operators to try to bring down "stratospheric" hotel prices during the World Cup.
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Current groups respond currently to incentives: Alcohol deaths 'up' in young women

Current groups respond currently to incentives: Alcohol deaths 'up' in young women | #ECON1 | Scoop.it
Deaths from alcohol-related disease in women born in the 1970s are rising, contrary to the overall trend, a study suggests.
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Trying to solve information failure, but will it get ignored? Food packaging 'traffic lights' to signal healthy choices on salt, fat and sugar

Trying to solve information failure, but will it get ignored? Food packaging 'traffic lights' to signal healthy choices on salt, fat and sugar | #ECON1 | Scoop.it
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Increase in demand: Vinyl LP Sales Highest In A Decade, Says BPI

Increase in demand: Vinyl LP Sales Highest In A Decade, Says BPI | #ECON1 | Scoop.it
Albums by Daft Punk, Arctic Monkeys and David Bowie help push vinyl album sales to their highest level since 2003.
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Demerit goods: Tobacco-free plan for Irish Republic

Demerit goods: Tobacco-free plan for Irish Republic | #ECON1 | Scoop.it
The Irish health minister publishes a plan to make the state "tobacco-free" by 2025.
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Exceeds demand, they should've charged a higher price. GTA V Online Launch Problems: Rockstar 'Sorry'

Exceeds demand, they should've charged a higher price. GTA V Online Launch Problems: Rockstar 'Sorry' | #ECON1 | Scoop.it
The online launch of the hugely-successful title is plagued with problems, with frustrated users unable to access the game.
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Factors affecting demand, negative advertising: Egypt Turmoil: Holiday Demand Slumps

Factors affecting demand, negative advertising: Egypt Turmoil: Holiday Demand Slumps | #ECON1 | Scoop.it
The coup in Egypt takes its toll on the troubled country's crucial tourism income as UK holidaymakers stay away.
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Excess demand: Apple iPhone 5S: 'Shortage' Of New Models

Excess demand: Apple iPhone 5S: 'Shortage' Of New Models | #ECON1 | Scoop.it
New models of the iPhone 5S appear on eBay for as much as £2,000, as stores run out of the hotly-anticipated phone.
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Determinants of demand: Income: Economic crisis hits Italian diet

Determinants of demand: Income: Economic crisis hits Italian diet | #ECON1 | Scoop.it
Italians are abandoning their famously healthy Mediterranean diet as the effects of the financial crisis take effect, finds the BBC's Emma Jane Kirby.
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Dan Martin's curator insight, September 24, 2013 2:01 PM
Lack of income forces Italians to eat inferior goo
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Income elasticity: Performance of luxury goods over 1, 5 and 10 years

Income elasticity: Performance of luxury goods over 1, 5 and 10 years | #ECON1 | Scoop.it
Luxury investments such as classic sports cars and watches have offered returns of 174 per cent over the past 10 years, according to Knight Frank’s Luxury Investment Index
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Opportunity cost: Customs Checks 'Overlooked' During Olympics

Opportunity cost: Customs Checks 'Overlooked' During Olympics | #ECON1 | Scoop.it
Pressure to cut UK border queues led to drops in checks for illegal migrants and criminal activity, says a "shocking" new report.
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Evaluation of preventing negative externalities: NHS stop-smoking service 'a success'

Evaluation of preventing negative externalities: NHS stop-smoking service 'a success' | #ECON1 | Scoop.it
The first decade of NHS stop-smoking services in England has been hailed a success by researchers.
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Determinants of demand: Tastes and fashion: Keeping up with the Cambridges

How Kate and William's choices for their newborn son could help boost the British economy thanks to fashion-conscious new parents.

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Price elasticity of demand: Would you stop attending football matches because of rising ticket prices?

Price elasticity of demand: Would you stop attending football matches because of rising ticket prices? | #ECON1 | Scoop.it
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