Economics
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Rescooped by Mark Cleaver from Year 2 Micro
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Economies of Scale: Amazon style!

The images below give an idea of the scale of resources at Amazon's disposal.


Via Matt Smith
Mark Cleaver's insight:

Economies of scale in action!

 

Here is a similar resource that holds a special appeal to me:

http://www.unitedbiscuits.com/video/videoPopup.php?w=756&h=576

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Rescooped by Mark Cleaver from Business Economics and Market Competition
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Heathrow, Gatwick and Stansted face regulatory shake-up - Telegraph

Heathrow, Gatwick and Stansted face regulatory shake-up - Telegraph | Economics | Scoop.it
London’s top three airports are facing the biggest regulatory shake-up for a quarter of a century, with the Civil Aviation Authority (CAA) poised to introduce different pricing regimes at each of Heathrow, Gatwick and Stansted.

Via Graham Watson, Geoff Riley
Mark Cleaver's insight:

Great example of regulation for Unit 3

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Graham Watson's curator insight, April 18, 2013 3:19 AM

A change to the way in which the UK's London-based airports are going to be allowed to charge for landing slots. The changes are complicated by the possbility of future changes in airport capacity, but illustrate an interesting point about the inherent difficulties in regulating any market.

 

Free marketeers would suggest that it is indicative of the fact that any regulation will be less efficient than complete deregulation, although the relative lack of London capacity will give those airports some price setting power.

 

The interesting suggestion is that commercial deals may lower prices - and "the CAA is likely to call for them to prove it" - and also the fact that there is clearly a relationship between the landing charges and the level of investment in the airports. The other issue of note is that there is expected to be "intense lobbying". You might reflect upon the fact that the free market does away with lobbying: the preferences of economic actors are revealed by their behaviour.

Mr Jones's comment, April 18, 2013 7:33 AM
In #econ1 terms government failure v.s market failure. Equally relevant for #econ3
Rescooped by Mark Cleaver from #ECON4
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The Hat of Generalisation - How Reading a Blog Can Improve Your Exam Grade

The Hat of Generalisation - How Reading a Blog Can Improve Your Exam Grade | Economics | Scoop.it

In my classroom last year, I introduced the ‘Hat of Generalisation’, helpfully made by @adamwilkie95 and @jtphaynes .It was two feet high, made of light blue cardboard, with a white bobble on the top and a daisy chain chinstrap.


Via Phil Hensman
Mark Cleaver's insight:

A stunningly clear explanation of how to gain credit for evaluation.

Highly recommended reading for all students (although I'm not sure I'll be making a 'hat of generalisation'!)

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Rescooped by Mark Cleaver from Year 2 Micro
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Competition Commission: UPS drops 5.2bn-euro bid for TNT

Competition Commission: UPS drops 5.2bn-euro bid for TNT | Economics | Scoop.it
Package delivery firm UPS pulls out of its 5.2bn-euro bid for Dutch rival TNT Express after discovering EU competition authorities would probably block it.

Via Matt Smith
Mark Cleaver's insight:

Competition policy in the EU (Unit 3) - a great example

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Matt Smith's curator insight, January 14, 2013 9:17 AM

A good example of EU Competition authorities blocking a proposed merger. 

Rescooped by Mark Cleaver from Business Economics and Market Competition
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Sainsbury's and Tesco clash over price pledges - Telegraph

Sainsbury's and Tesco clash over price pledges - Telegraph | Economics | Scoop.it
A new war of words has broken out among Britain’s leading supermarkets about the quality of their pledges to match each others prices.

Via Geoff Riley
Mark Cleaver's insight:

Example of oligopoly for Unit 3

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Geoff Riley's curator insight, March 20, 2013 6:01 AM

Price pledges schemes, price match strategies - tacit collusion or a great deal for consumers? Who actually uses those discount tickets issued at the check out? Retail oligopoly in action.