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#ECON1
Unit 1 Economics AS Level
Curated by Phil Hensman
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Government failure in trying to address information failure: Junk food still marketed to children as companies bypass rules

Government failure in trying to address information failure: Junk food still marketed to children as companies bypass rules | #ECON1 | Scoop.it
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Solving negative externalities: Eight radical solutions to the problem of dog mess

Solving negative externalities: Eight radical solutions to the problem of dog mess | #ECON1 | Scoop.it
It's one of the scourges of urban Britain. So, what can be done to rid streets and parks of dog mess?
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Training and price controls: Venezuela scraps food restriction

Training and price controls: Venezuela scraps food restriction | #ECON1 | Scoop.it
Venezuelan leader Nicolas Maduro calls a plan to restrict the number of basic food items people can buy in the western state of Zulia "insane".
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Price control disadvantages: Venezuela: Toilet Roll Stash Found Amid Crisis

Price control disadvantages: Venezuela: Toilet Roll Stash Found Amid Crisis | #ECON1 | Scoop.it
Police find a warehouse containing thousands of bales of loo paper, weeks after the government blamed a conspiracy for a shortage.
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Hypothecation: After midnight booze levy considered

Hypothecation: After midnight booze levy considered | #ECON1 | Scoop.it
Newcastle Council is considering charging pubs and clubs for selling alcohol after midnight to raise £400,000.
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Problems with taxing demerit goods: Backpacker Dies After Drinking 'Poison Gin'

Problems with taxing demerit goods: Backpacker Dies After Drinking 'Poison Gin' | #ECON1 | Scoop.it
Cheznye Emmons was on a trek through the Indonesian jungle when she fell ill after drinking what was actually methanol.
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Negative Externalities: Life on Earth under threat from CO2 levels, say scientists

Negative Externalities: Life on Earth under threat from CO2 levels, say scientists | #ECON1 | Scoop.it

There will be a dramatic global decline in the number of animal and plant species this century if the world continues to procrastinate over measures to cut carbon dioxide emissions to limit climate change, a study has found.

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Information Failure, Demerit Goods: New York City Firm Offers Pay Rise For Tattoo

Information Failure, Demerit Goods: New York City Firm Offers Pay Rise For Tattoo | #ECON1 | Scoop.it

The CEO of New York brokerage Rapid Realty offers staff a 15% pay rise if they get a tattoo of the company's logo.

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Reductions In Supply: UK Gas Hit As Norway Pipeline Supply Cut

Reductions In Supply: UK Gas Hit As Norway Pipeline Supply Cut | #ECON1 | Scoop.it

A key North Sea pipeline is hit by an outage - with supplies possibly affected until May 6 - leading to fears over gas prices.

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Increases In Supply: Afghanistan: high expectations of record opium crop

Increases In Supply: Afghanistan: high expectations of record opium crop | #ECON1 | Scoop.it

Increase in supply...

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Disadvantages of Price Controls: Baby Milk: Exports Sold For Twice The Price

Disadvantages of Price Controls: Baby Milk: Exports Sold For Twice The Price | #ECON1 | Scoop.it

A businessman reveals he sells £5,000 worth of baby formula a week to China, as mums say they fear a shortage in the UK.

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Softer Legislation on Negative Externalities May Cause Less Government Failure: Growing Calls In US For Legalised Marijuana

Softer Legislation on Negative Externalities May Cause Less Government Failure: Growing Calls In US For Legalised Marijuana | #ECON1 | Scoop.it

A new poll finds 52% of Americans are now in favour of legalising the drug as producers say it creates jobs.

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Carbon trading scheme to fix negative externalities: China launches carbon trading scheme

Carbon trading scheme to fix negative externalities: China launches carbon trading scheme | #ECON1 | Scoop.it
China is launching a new carbon trading scheme in the country's southern city of Shenzhen.
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Absolute poverty: Read this, you're one step away: Homeless people being forced to live in caves

Absolute poverty: Read this, you're one step away: Homeless people being forced to live in caves | #ECON1 | Scoop.it
Homeless people are being forced to live in caves as the UK's housing crisis continues to spiral out of control.
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Government failure caused by high levels of taxation: Customs 'missing smuggling targets'

Government failure caused by high levels of taxation: Customs 'missing smuggling targets' | #ECON1 | Scoop.it
HM Revenue and Customs has failed to meet any of its targets on reducing the smuggling of illicit tobacco into the UK, a watchdog says.
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A different way to tackle the drugs problem, legalise them: US man plans 'marijuana brand'

A different way to tackle the drugs problem, legalise them: US man plans 'marijuana brand' | #ECON1 | Scoop.it
A former Microsoft executive is planning to create the first American marijuana brand, using drugs imported legally from Mexico.
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Government failure arising from criminalising drugs: EU warns of new 'legal highs' drugs crisis - Telegraph

Government failure arising from criminalising drugs: EU warns of new 'legal highs' drugs crisis - Telegraph | #ECON1 | Scoop.it
Dozens of new synthetic drugs, often marketed as “legal highs” on the internet and made in Asia, emerged last year replacing traditional, plant-based drugs in Britain and Europe, according to official figures.
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Maximum pricing: Venezuela Hit By Toilet Paper Shortage Crisis

Maximum pricing: Venezuela Hit By Toilet Paper Shortage Crisis | #ECON1 | Scoop.it
Shop shelves are empty and people are down to their last sheets but the President says it is all an "anti-government conspiracy".
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Taxation: Some strange ones, but see if you can determine why, and why similar items are exempt

Taxation: Some strange ones, but see if you can determine why, and why similar items are exempt | #ECON1 | Scoop.it
In New York, slicing a bagel or adding cream cheese or any other topping alters its classification from a food sold for home consumpt...
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Reduction In Supply: Lobster catches drop 90% after winter

Reduction In Supply: Lobster catches drop 90% after winter | #ECON1 | Scoop.it

Fishermen have said the harsh and prolonged winter in Scotland has been disastrous for the country's lobster industry.

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Information Failure, Demerit Goods: Diabetes warning on soft drinks

Information Failure, Demerit Goods: Diabetes warning on soft drinks | #ECON1 | Scoop.it

Drinking one or more cans of sugary soft drinks a day is linked to an increased risk of diabetes in later life, a study suggests.

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Negative externalities: 'Bankers' Cocaine Use Led To Financial Crisis'

Negative externalities: 'Bankers' Cocaine Use Led To Financial Crisis' | #ECON1 | Scoop.it
The claim is made by David Nutt, the former drugs czar who was sacked for saying ecstasy is less dangerous than alcohol.
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Sdg's curator insight, May 14, 2013 8:46 AM

If true that would be one hell of a large externality!

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Substitute Goods: PC Sales Hit Landmark Low As Tablets Take Over

Substitute Goods: PC Sales Hit Landmark Low As Tablets Take Over | #ECON1 | Scoop.it

Tablets, smartphones and Windows 8 are blamed for the biggest decline in sales of home computers in nearly 20 years.

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Steering Consumers Away From Certain Products: Taxation: NI Shoppers Hit With 5p Plastic Bag Levy

Steering Consumers Away From Certain Products: Taxation: NI Shoppers Hit With 5p Plastic Bag Levy | #ECON1 | Scoop.it
Northern Ireland follows in the footsteps of its southern neighbour and imposes a 'bag tax' to reduce a reliance on plastic bags.
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