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Road Salt Supply Low, Demand High as Winter Looms

Road Salt Supply Low, Demand High as Winter Looms | Econ1 | Scoop.it
The reward for surviving last winter's frigid temperatures and record snowfall, several states are learning, is drastic price increases for road salt — and that's if they can even get it. Replenishing stockpiles is proving challenging, especially for some Midwestern states, after salt...
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Unit 1 Micro: Taxing Calories in Soft Drinks

Unit 1 Micro: Taxing Calories in Soft Drinks | Econ1 | Scoop.it
A tax on the calories contained in soft drinks is around 6% more effective at reducing obesity than a general tax on soft drinks – but the effect is only a drop in people’s weight of around 1.6 pounds per year.
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Unit 1 Micro: Information Failure

Information is a crucial concept in AS micro economics and in this blog we bring together some key definitions related to information issues and also some of the recent blogs and revision presentations on information economics.
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Elasticity Summary

20 Elasticity |ElasticityExplain the concept of elasticity. Elasticity is measure of the extent to which one variableresponds to a change in a second variable.
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AS Micro - Negative Externalities: Alcohol and England: what do we know?

AS Micro - Negative Externalities: Alcohol and England: what do we know? | Econ1 | Scoop.it
Weekly alcohol consumption is down but alcohol related hospital admissions are up. What are the key numbers on alcohol?

Via Saint Martin's - Economics
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AS Micro - Shortages: British wheat crop 'falls by third'

AS Micro - Shortages: British wheat crop 'falls by third' | Econ1 | Scoop.it
Britain's wheat harvest could be a third smaller than it was last year due to extreme weather since the autumn, the National Farmers' Union warns.

Via Saint Martin's - Economics
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Price Elasticity of Demand

Tutorial on Price Elasticity of Demand, often referred to as P.E.D, and how it can calculated and interpreted.
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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.


Via Phil Hensman, Bruce Fellowes, JClegg
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Deals of the day- Mergers and acquisitions | Reuters

(Adds Johnson & Johnson, Murphy Oil Corp, Bpifrance,UnitedHealth Group, Brookfield Asset Management, Third PointLLC, Nova KBM and Banca Carige)Sept 30 (Reuters) - The following bids, mergers,acquisitions
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Unit 1 Micro: Welsh Plastic Bag Charge Reduces Demand

A tax on plastic bags in Wales has seen the number given away drop by sizeable amounts according to this news report Since 1 October 2011, there has been a minimum charge of 5p on all single use carrier bags.
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Tackling the problem of scarcity

Tackling the problem of scarcity | Econ1 | Scoop.it
Anyone starting out in Economics will almost certainly tackle this issue right from the start: it's completely fundamental to the way economists think.
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The thriving middle class

The thriving middle class | Econ1 | Scoop.it
“THE biggest thing we have is the words ‘Great Britain',” says Stewart McIntyre, managing director of Sunseeker, a maker of luxury motor yachts. His firm...

Via Geoff Riley
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Geoff Riley's curator insight, June 9, 2013 6:47 AM

Importance of mid sized firms for the UK economy is often over-looked. Here are some good examples.

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Price elasticity of demand

Price elasticity of demand | Econ1 | Scoop.it
An explanation of price elasticity of demand (PED), the determinants of price elasticity of demand, PED and revenue, price elasticity of demand along a linear demand curve, perfectly elastic and inelastic demand curves.
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AS Micro: Market Failure and Policies to correct: Asda to send surplus chilled foods to charity after Bogof waste warning

AS Micro: Market Failure and Policies to correct: Asda to send surplus chilled foods to charity after Bogof waste warning | Econ1 | Scoop.it
Asda is to start sending unsold chilled food to food banks, a day after the former Deputy Prime Minister John Prescott called on British supermarkets to re-think their buy-one-get-one-free (Bogof) promotions because of the increase in food...

Via Saint Martin's - Economics
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AS Micro - Information Failure & Government Intervention: Food labels system to be rolled out

AS Micro - Information Failure & Government Intervention: Food labels system to be rolled out | Econ1 | Scoop.it
A new consistent system of front-of-pack food labelling is to be introduced in the UK, the government says.

Via Saint Martin's - Economics
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Reasons for and against Government intervention

FACEBOOK PAGE - https://www.facebook.com/MultiplexinggamerTutorials Tutorial on the reasons for and against Government intervention in an economy. Goes into ...
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Unemployed people to get free bus travel in attempt to help them find work

Unemployed people to get free bus travel in attempt to help them find work | Econ1 | Scoop.it
Up to 800,000 jobless could benefit from scheme covering 70% of bus routes in Britain...

Via Phil Hensman
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Rent Control and Deadweight Loss

How instituting a price ceiling lower than the equilibrium price reduces the total surplus (dead weight loss) (price ceiling lower than the equilibrium price reduces the total surplus (dead weight loss) http://t.co/ENjYnAhNYo...
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