Economics a2 revision
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Videos And Articles By Topic | Economics a2 revision | Scoop.it
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economics videos etc

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Pay differentials: East Midlands' women lowest paid

Pay differentials: East Midlands' women lowest paid | Economics a2 revision | Scoop.it

Pay rates for women in the East Midlands are the lowest in the UK, official figures show.


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Dan Sharp's curator insight, January 6, 2013 3:57 PM

Gender pay gap, occupational segregation etc

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Boxonomics: Market failure toolkit

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MARKET FAILURE AS RECAP FOR A2

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Boxonomics: Treeconomics

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Article about Environemental market failure

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Collusion: Will carmaker alliances result in identikit cars?

Collusion: Will carmaker alliances result in identikit cars? | Economics a2 revision | Scoop.it
With ever more carmakers joining forces to develop cars together, consumers could increasingly find that cars that look different share many components.

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Up to date Gini coefficients: For richer, for poorer

Up to date Gini coefficients: For richer, for poorer | Economics a2 revision | Scoop.it
IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue...

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A* Evaluation: monopoly and supernormal profits

A* Evaluation: monopoly and supernormal profits | Economics a2 revision | Scoop.it

Almost exactly a year ago I blogged on Analysis and Evaluation - do monopolies always make supernormal profits?


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A* Evaluation: Oligopoly. Energy tariffs to be simplified

A* Evaluation: Oligopoly. Energy tariffs to be simplified | Economics a2 revision | Scoop.it

Energy companies will be able to offer only four tariffs each for gas and electricity under government plans to get customers a better deal on energy.


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Jill Russell's curator insight, April 7, 2014 2:36 AM

This article depicts great evidence of  how oligopoly still functions today, and how very few energy tariffs, regulates the UK. Not just the UK, but everywhere! In the Northeast of the States it's either NSTAR or National Grid.; And it is not just limited to gas and electricity, but to phone coverage, internet access and satellite televisions, just to name a few. For example in Canada, the main network coverage is Bell and Telus. I have also concluded, that most of the oligopolies and monopolies that are run today, is by the government.

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Oligopoly and Collusion: EU imposes record $1.92 billion cartel fine on LCD cartel

Oligopoly and Collusion: EU imposes record $1.92 billion cartel fine on LCD cartel | Economics a2 revision | Scoop.it

Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1.47 billion euros ($1.92 billion) by EU antitrust regulators for fixing prices of TV and monitor cathode-ray...


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Monopoly and Monopsony: Novak Djokovic buys all the donkey cheese in the world

Monopoly and Monopsony: Novak Djokovic buys all the donkey cheese in the world | Economics a2 revision | Scoop.it

While you ponder what that might be a euphemism for, I'll just tell you that in actual fact tennis player Novak Djokovic has purch...


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Hayley Louise Ripley Toms's insight:

Monopoly = only seller in the market

Monopsony = only buyer in the market

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Patents and Price Discrimination: Strong Medicine - the Economics of Big Pharma

Patents and Price Discrimination: Strong Medicine - the Economics of Big Pharma | Economics a2 revision | Scoop.it
This excellent and timely half hour BBC Radio 4 programme from last week covers some key concepts in the A2 course.

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Hayley Louise Ripley Toms's insight:

Price discrimintion would be more 'equitable' and fair,but this isn't possible as it is very hard to price discriminate. 

 

This is due to the 'seepage's between markets. E.g/ People go to the countries like Africa where the dugs are made cheaper, buy them there, and then sell them back in the more expensive countries.

 

This system is therefore not sustainable.

 

Patents give the pharma companies the incentive to innovate. Monopolypower = dynamic effeciency

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Regulation: Ofgem told to take firmer action

Regulation: Ofgem told to take firmer action | Economics a2 revision | Scoop.it
A committee of MPs tells the energy regulator Ofgem to stop energy firms offering cheap deals to new customers while overcharging existing ones.

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Hayley Louise Ripley Toms's insight:

Industrial Policy

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Matt Smith's curator insight, December 20, 2012 2:39 AM

Is this an example of Regulatory Capture?

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Currency war could cause lasting damage to world economy

Currency war could cause lasting damage to world economy | Economics a2 revision | Scoop.it
Mohamed el-Erian: In order for some currencies to depreciate, others must appreciate - here is where things get interesting, complex, and potentially dangerous
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Cranbrook Economics's curator insight, January 27, 2013 1:29 PM

Hopefully this will refresh you year 13's into thinking about Exchange Rates and Currency issues from our pre-Unit 3 studies in September. Remember how significant Exchange Rates are to a countries trade balance (X-M) and how a country, if it wished and operated a Managed Exchange Rate, could intervene to make it exports artificially more compeitive. Have a read!!!

Graham Watson's curator insight, January 28, 2013 3:54 PM

An essential article to help you understand the nature of global trade and the influence of exchange rates on trade. The whole question of exchange rate manipulation is examined as are the dire consequences of a trade war.

Mr Livingstone's BUSS4 External Environment's curator insight, February 24, 2013 10:41 AM

low currency means more competitvely priced exports.. Boost GDP!

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Boxonomics: The Theory of the Firm

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Market Structures overview

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Contestability and Barriers to Entry: 4G Auction: Seven Firms To Compete For Space

Contestability and Barriers to Entry: 4G Auction: Seven Firms To Compete For Space | Economics a2 revision | Scoop.it

More details are released on the hotly-anticipated 4G auction which will result in a revolution in mobile download speeds.


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Boxonomics: Oligopolies and concentrated markets

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Oligopolies presentation

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ECON3 – Diagram list « cheneyeconomics

ECON 3 Diagram list. ... ECON3 – Diagram list. November 19, 2012 //. ECON 3 Diagram list. Tags econ3. Categories Uncategorized. No comments Leave a trackback: Trackback URL · Blog at WordPress.com. | Theme: Wu Wei by Jeff Ngan.

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Cost/Benefit Analysis: HS2 cost and benefit debate not over

Cost/Benefit Analysis: HS2 cost and benefit debate not over | Economics a2 revision | Scoop.it
Proponents of the HS2 high-speed rail link between London and Birmingham say it will benefit the UK economy, but opponents insist there is no business case.

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Education and government failure


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Matt Smith's curator insight, December 23, 2012 4:25 AM

A superb blog covering everything you need to know about Education and Market Failure.

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Government Intervention: How best can the government curb supermarkets' power?

Government Intervention: How best can the government curb supermarkets' power? | Economics a2 revision | Scoop.it

Natalie Bennett: The government has chosen an adjudicator rather than original proposal of ombudsman for supermarkets' watchdog (#ECON1 #Econ3 government intervention, oligopoly, contestable markets, regulation http://t.co/Z5hoHEgp...)...


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A2 Microeconomics Pricing Power

Revision presentation on aspects of market power - suitable for A2 micro students (My latest upload : A2 Microeconomics Pricing Power on @slideshare http://t.co/y1saYu2c #econ3...)...


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sir linden's curator insight, January 25, 2014 1:25 PM

ECON3 - EFFICIENCY 

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Negative Externalities: Pollution from car emissions killing millions in China and India

Negative Externalities: Pollution from car emissions killing millions in China and India | Economics a2 revision | Scoop.it
Study published by Lancet says surge in car use in south and east Asia killed 2.1m people prematurely in 2010

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Hayley Louise Ripley Toms's insight:

Property rights could stop this?

 

Polluter pays; the poor are being adversely effected by the actions of the rich.

 

( Caused by increased living standards in Asia= more cars = more pollution)

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Helenhadjam's curator insight, January 25, 2013 4:49 PM

Putting a value on external costs

Chris Oyin's curator insight, September 11, 11:24 AM

In countries as densely populated as China and India car manufacturers make a fortune as many will purchase a car. However, this results in an increase in pollution which is said to be killing millions. Many governments counter the the threat of high emissions and pollution by enforcing a tax on cars depending on their CO2 emissions and fuel type. Subsequently, people are discouraged from buying cars that have a high tax and manufacturers will have an incentive to make their cars more fuel efficient.

Rylan's curator insight, October 11, 5:11 PM

The negative externality in this case would be that people that do not use a car are affected by the increase in car emissions. They are effected quite devastatingly, with the idea of death being apparent. The way in which the government can control this negative exeternality is with the introduction of regulations that restrict these countries from producing so my car emissions   

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The Chinese Smartphone Market

The Chinese Smartphone Market | Economics a2 revision | Scoop.it
iPhones are way too expensive.

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Hayley Louise Ripley Toms's insight:

Oligopoly- disadvantages

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Matt Smith's curator insight, December 16, 2012 12:56 PM

Fascinating Oligopoly