Micro economics
3.8K views | +0 today
Follow
Micro economics
Your new post is loading...
Your new post is loading...
Scooped by ashley pearce
Scoop.it!

Each Time McDonald’s Sells a Big Mac, We’re Out $7

Each Time McDonald’s Sells a Big Mac, We’re Out $7 | Micro economics | Scoop.it
The average retail price of a Big Mac in the United States is $4.56, but that’s just a fraction of the actual cost. When we add in all the hidden, externalized expenses of meat production, the full burden on society is a hefty $12.00 per sandwich. The extra $7.44 above the retail price is borne…
ashley pearce's insight:
externalities with McDonalds
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Nestle says will cut sugar in chocolate by 40% - BBC News

Nestle says will cut sugar in chocolate by 40% - BBC News | Micro economics | Scoop.it
Kitkat-maker Nestle says it has discovered a way to make chocolate with much less sugar.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Oil prices drop ahead of Opec meeting - BBC News

Oil prices drop ahead of Opec meeting - BBC News | Micro economics | Scoop.it
The price of benchmark crude oil has fallen almost 4% trading as traders question whether Opec members can agree to limit production.
ashley pearce's insight:
Cartel
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

BT ordered to legally split from Openreach by Ofcom - BBC News

BT ordered to legally split from Openreach by Ofcom - BBC News | Micro economics | Scoop.it
Telecoms regulator Ofcom orders BT to legally separate its Openreach division, which runs the UK's broadband infrastructure.
ashley pearce's insight:
Government regulation in markets
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

From low-fare to no-fare: will air travel really become free?

From low-fare to no-fare: will air travel really become free? | Micro economics | Scoop.it
Ryanair boss Michael O’Leary has revealed his desire for the carrier to offer free tickets, but he needs the airports’ help to achieve it
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Teens 'drink enough sugar for cola bath' - BBC News

Teens 'drink enough sugar for cola bath' - BBC News | Micro economics | Scoop.it

UK teenagers drink enough sugar every year to fill a bath with fizzy cola, a Cancer Research UK study suggests.

ashley pearce's insight:
demerit and negative externalities
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Supermarket prices 'to rise by 5%' - BBC News

Supermarket prices 'to rise by 5%' - BBC News | Micro economics | Scoop.it
UK supermarket prices will rise by at least 5% over the next six months, according to the former boss of Sainsbury's, Justin King.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

SSE freezes standard tariff energy prices until April 2017 - BBC News

SSE freezes standard tariff energy prices until April 2017 - BBC News | Micro economics | Scoop.it

SSE, one of the big six energy firms, announces a price freeze for its standard tariff customers until April 2017.

more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Autumn Statement: £1.3bn to target congestion roads - BBC News

Autumn Statement: £1.3bn to target congestion roads - BBC News | Micro economics | Scoop.it
An extra £1.3bn is to be spent on improving roads, the chancellor will say in the Autumn Statement.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Royal Mail targets higher cost savings - BBC News

Royal Mail targets higher cost savings - BBC News | Micro economics | Scoop.it

Royal Mail increases its target for cost savings as it reports a small rise in half-year revenues.

more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Amazon expands Morrisons grocery delivery deal - BBC News

Amazon expands Morrisons grocery delivery deal - BBC News | Micro economics | Scoop.it

Amazon launches one-hour delivery of groceries sourced from Morrisons stores to selected postcodes.

ashley pearce's insight:
Diversification
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Easyjet profits tumble after year of 'challenges' - BBC News

Easyjet profits tumble after year of 'challenges' - BBC News | Micro economics | Scoop.it
Easyjet's profits fall by nearly 30% after the airline suffers a year of "significant challenges".
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Minister to investigate energy firms after profit claim - BBC News

Minister to investigate energy firms after profit claim - BBC News | Micro economics | Scoop.it
A claim that energy suppliers are making larger profits than they have admitted is to be investigated by the Business Secretary, Greg Clark.
ashley pearce's insight:
Abnormal profits.  What can they do with this?
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Train fares to rise by average of 2.3% - BBC News

Train fares to rise by average of 2.3% - BBC News | Micro economics | Scoop.it
Train fares in Britain will go up by an average of 2.3% from 2 January, the rail industry announces.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

tutor2u Economics | Kinked demand curve: Energy price freeze

tutor2u Economics | Kinked demand curve: Energy price freeze | Micro economics | Scoop.it
Here is a classic micro / market headline for a cold November morning! "British Gas to freeze standard energy tariff."
ashley pearce's insight:
RELEVANT STORY ALERT!
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Price cap on rent-to-own firms possible, says FCA - BBC News

Price cap on rent-to-own firms possible, says FCA - BBC News | Micro economics | Scoop.it

A price cap to help consumers who use "rent-to-own" firms to buy goods is possible, the head of the City regulator says.

ashley pearce's insight:
Government intervention with price caps
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

GB Energy Supply ceases trading after wholesale price rises - BBC News

GB Energy Supply ceases trading after wholesale price rises - BBC News | Micro economics | Scoop.it
An energy firm with 160,000 customers says price rises have made the business "untenable".
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Smog and the Clean Air Act | Economics | tutor2u

Smog and the Clean Air Act | Economics | tutor2u | Micro economics | Scoop.it
When teaching externalities how about using this clip from the BBC archives?
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

NHS cancer testing service 'at breaking point' - BBC News

NHS cancer testing service 'at breaking point' - BBC News | Micro economics | Scoop.it

Tests for cancer diagnosis are under threat as labs struggle to cope with rising demand, a charity says.

ashley pearce's insight:
Demand, supply and elasticity
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Five-a-day fruit and vegetable advice 'unrealistic', says new GPs' head - BBC News

Five-a-day fruit and vegetable advice 'unrealistic', says new GPs' head - BBC News | Micro economics | Scoop.it
When it comes to fruit and vegetables, two-a-day might be more realistic advice to give to families says one of the UK's leading doctors.
ashley pearce's insight:
Government & information failures?
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Facebook to increase UK employees by 50% in 2017 - BBC News

Facebook to increase UK employees by 50% in 2017 - BBC News | Micro economics | Scoop.it
Facebook will expand its presence in the UK by 50% when it opens its new London headquarters in 2017.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Tesco warns global suppliers over price rises - BBC News

Tesco warns global suppliers over price rises - BBC News | Micro economics | Scoop.it
Tesco boss Dave Lewis warns global suppliers not to artificially inflate their prices because of the fall in the pound following Brexit.
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Asda sales continue to tumble in third quarter - BBC News

Asda sales continue to tumble in third quarter - BBC News | Micro economics | Scoop.it
Supermarket Asda reports a big slide in sales in the third quarter following an even bigger fall for the previous three months.
ashley pearce's insight:
Who is taking Asda's market share?
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Google commits to £1bn UK investment plan - BBC News

Google commits to £1bn UK investment plan - BBC News | Micro economics | Scoop.it
Google pushes ahead with new UK headquarters, creating 3,000 jobs, despite fears it would not happen.
ashley pearce's insight:
R & D spending
more...
No comment yet.
Scooped by ashley pearce
Scoop.it!

Childcare 'key to reducing inequality' - BBC News

Childcare 'key to reducing inequality' - BBC News | Micro economics | Scoop.it
Improved childcare is identified as the single policy that could do most to reduce income inequality, in research at Heriot-Watt University.
more...
No comment yet.