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The truth about extreme global inequality

The truth about extreme global inequality | Micro | Scoop.it
Global inequality is growing in part because of the neoliberal economic policies imposed on developing countries.

Via Geoff Riley
Sdg's insight:

Good Econ 3 article

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Geoff Riley's curator insight, April 21, 2013 10:39 PM

LSE Lecturer has produced an inographic on inequality that has become a big hit on You Tube. How can persistent and extreme inequality harm growth and development propsects?

Mr Jones's curator insight, June 12, 2013 5:47 AM

Good links to video grahics outling the extent on inequality both globally and in the US. Are the incentives created by inequality really working in the way that free market economists would like?

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Micro Economics Page, AQA Econ3, Econ1, government failure, market failure, A level, externalities, public goods, merit goods,
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Krugman: Growing Inequality Is Becoming Extremely Destructive

Krugman: Growing Inequality Is Becoming Extremely Destructive | Micro | Scoop.it
Our society is being undermined by extreme and growing inequality, writes New York Times columnist Paul Krugman. (Think class warfare won't become a reality? Read what America's economic sage has to say.

Via Bonnie Bracey Sutton
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HS2: 12 arguments for and against

HS2: 12 arguments for and against | Micro | Scoop.it
Labour has cast doubt on the future of HS2 but just what are the arguments for and against a new high-speed rail link?

Via Graham Watson
Sdg's insight:

good for ECON3 on cost benefit analysis, and for macroeconomics considering investment in infrastructure as a possible supply side policy

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Graham Watson's curator insight, September 24, 2013 2:30 PM

More HS2 than you can shake a stick at. This might be a useful exercise in looking at cost-benefit analysis and the difficulties of quantfying all of these factors. There's lots for people to get their teeth into...both proponents and opponents.

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'North-South divide' in house prices

'North-South divide' in house prices | Micro | Scoop.it
The gap between house prices in northern and southern England has moved above £100,000 for the first time, according to the Nationwide.

Via Graham Watson
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Graham Watson's curator insight, September 27, 2013 12:21 AM

As a proud Northerner living in the South, this sort of article makes me both happy and sad. Sad, from an economic perspective, in that it has adverse implications for labour mobility, for the distribution of wealth and for key sector workers. Happy, to have the best of both worlds.

 

I'm always amazed when colleagues/friends from the South venture North and realise (a) how much property they could buy in the North (b) how pretty it is (c) how people actually speak to them in the street.

 

Of course, the average Southerner also thinks that having a house that's worth more makes them better people too. My only response is if you want to live in Basingstoke/Slough/Croydon and think that you are in anyway better off than the citizens of York/Chester/Haydon Bridge, you're welcome to.

 

But you'd be wrong...

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Poverty and inequality: Total UK Wealth Tops £7trn As Rich Get Richer

Poverty and inequality: Total UK Wealth Tops £7trn As Rich Get Richer | Micro | Scoop.it

Total household wealth breaks the £7trn threshold for the first time but there is a big divide in its accumulation.


Via Phil Hensman
Sdg's insight:

#econ3

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Water giants' profits and tax 'morally questionable', says Ofwat boss - Telegraph

Water giants' profits and tax 'morally questionable', says Ofwat boss - Telegraph | Micro | Scoop.it
Water companies’ high profits and tax-reducing corporate structures are “morally questionable”, Jonson Cox, the chairman of industry regulator Ofwat, has said.

Via Graham Watson
Sdg's insight:

#Econ3

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Graham Watson's curator insight, June 9, 2013 3:00 PM

The Chairman of OFWAT strikes a chord with his view of water companies, but should he really be so scathing? The privatization of water certainly wasn't held up as a disaster in the immediate aftermath of its privatisation, but twenty years on? 

 

How would you go about assessing the performance of the privatised water companies? And how does this tie in with the proposed SevernTrent brake over bid? 

 

Food for thought...

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Stringer Bell's Microeconomics: Elasticity

Clips from 'The Wire' which demonstrate Stringer Bell using the key learnings from his macroeconomics class in his profession in the drug trade. "Lessons" - ...
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Platinum and palladium

Platinum and palladium | Micro | Scoop.it
MINEWORKERS in Marikana in South Africa went on strike on May 14th, following a weekend of violence and raised tensions between unions in the Rustenburg and Marikana area, north-west of Johannesburg.
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Ryanair attacks 'bizarre' order to sell stake in rival - Telegraph

Ryanair attacks 'bizarre' order to sell stake in rival - Telegraph | Micro | Scoop.it
Ryanair is preparing to wage a lengthy legal battle with Britain’s competition watchdog after being told it will have to sell all or part of its near 30pc stake in Irish rival Aer Lingus.
Sdg's insight:

Econ 3 ,  competitive piece

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A $9 Dollar Minimum Wage? Why Is President Obama So Stingy?

A $9 Dollar Minimum Wage? Why Is President Obama So Stingy? | Micro | Scoop.it
Turning wage labor into a welfare program.
Sdg's insight:

good article with assessment of the extent of benefits from proposed NMW in USA

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Everything Is Rigged, Continued: EU Raids Oil Companies in Price-Fixing Probe | Matt Taibbi | Rolling Stone

Everything Is Rigged, Continued: EU Raids Oil Companies in Price-Fixing Probe | Matt Taibbi | Rolling Stone | Micro | Scoop.it
We're going to get into this more at a later date, but there was some interesting late-breaking news yesterday.
According to numerous reports, the Eu...
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Electric Cars Lose Their Spark With Buyers

Electric Cars Lose Their Spark With Buyers | Micro | Scoop.it

A new survey of top car executives shows greener battery-powered vehicles are not being embraced by global consumers.


Via Phil Hensman
Sdg's insight:

Evaluation,  so assess to what extent electric cars are a close substitute for conventional cars,  also use this article to judge how effective govt subsidies of electric cars may be in reducing pollution.

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Matt Smith's curator insight, January 10, 2013 5:38 AM

So what what is causing the fall in demand and what can governments do to encourage the purchase of these cars? What are he alternatives?

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AS Micro - Market Failure, Negative Externalities & Intervention: Do speed limits reduce the number of road deaths?

AS Micro - Market Failure, Negative Externalities & Intervention: Do speed limits reduce the number of road deaths? | Micro | Scoop.it
Germany are once again debating a speed limit for the autobahn system but does it really help? And what is happening to motorway deaths across Europe?

Via Economics KSF
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Milton Friedman Case Against Equal Pay for Equal Work

equal pay for equal work? minimum wage and equality of pay. Pay differentiation could boost competition and competitiveness. very controversial!


Via George Panayiotou
Sdg's insight:

good for Econ 3 retakes

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A2 Micro - Poverty & Inequality: PM proposes under-25s' benefits cut

A2 Micro - Poverty & Inequality: PM proposes under-25s' benefits cut | Micro | Scoop.it
David Cameron has promised to "nag and push and guide" young people away from a life on the dole, but how easy is it to find work if you are under-25?

Via Economics KSF
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Dan Martin's curator insight, October 6, 2013 2:00 PM

Will this imprve equality by acting as an incentive to work or will there be a different effect and possibly Govt failure?

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China says it will lift ban on video game consoles

China says it will lift ban on video game consoles | Micro | Scoop.it
The Chinese government announced today that it will lift a longtime ban on sales of video game consoles, opening up the market to foreign companies in Shanghai's new free trade zone. China's State...

Via Mo Tanweer
Sdg's insight:

good for BUS4 and ECON3

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Sdg's curator insight, September 30, 2013 1:45 PM

good for BUS 4

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Eight radical solutions to the problem of dog mess

Eight radical solutions to the problem of dog mess | Micro | 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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Work out the concentration ratio and spot the non-price competition in this oligopolistic market: New Xbox readies for video games war

Work out the concentration ratio and spot the non-price competition in this oligopolistic market:  New Xbox readies for video games war | Micro | Scoop.it

As Microsoft prepares to unveil its new Xbox, video games developers and other experts consider the console's chances.


Via Phil Hensman
Sdg's insight:

#Econ3

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Games Economists Play: links

Games Economists Play: links | Micro | Scoop.it
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UK's shale gas resources may be huge

UK's shale gas resources may be huge | Micro | Scoop.it
One of the energy firms hoping to exploit the UK's resources of shale gas says it may be sitting on significantly more gas than previously thought.

Via Graham Watson
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Graham Watson's curator insight, June 3, 2013 4:29 AM

A potential source of supply-side joy. Shale gas: the game changer. Expect to see a lot of this sort of thing in the build up to the Energy Bill that the government is going to introduce.

Environmentalists hate it; economists love it - invariably. It's the energy equivalent of Marmite - and has replaced nuclear in that regard. In the US, it's seen as a way of returning to energy self-sufficiency, but the environmentalists see it as the last desperate attempts to keep energy solutions carbon-based, irrespectiveo f the consequences. The downside, is that it's difficult to quantify the future impacts of shale exploitation; it is easy to see that it's a cheap source of fuel NOW.

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Increase in illegal fuel 'garages'

Increase in illegal fuel 'garages' | Micro | Scoop.it
There has been a big increase in the number of "pop-up garages" selling illegal fuel in the UK, according to figures from HM Revenue and Customs.
Sdg's insight:

#econ1. Good eg of unintended consequences & govt failure

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METALS-Copper dips on China imports, Grasberg limits losses - Reuters

METALS-Copper dips on China imports, Grasberg limits losses Reuters "Higher production should add to the growing stockpiles of copper and to the downward pressure on the price of the red metal, which we expect to fall from around $7,250 per tonne...
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Cement firms warned over competition

Cement firms warned over competition | Micro | Scoop.it
Lack of competition in the UK cement market is costing consumers millions of pounds, the Competition Commission says.
Sdg's insight:

Good recent Econ 3 competition eg

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Economic benefits of HS2 questioned

Economic benefits of HS2 questioned | Micro | Scoop.it
The HS2 rail project has an estimated £3.3bn funding gap and the benefits for the economy are "unclear", the National Audit Office says.
Sdg's insight:

Good for ECON3 and CBA evaluation

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

Negative externalities: 'Bankers' Cocaine Use Led To Financial Crisis' | Micro | Scoop.it

The claim is made by David Nutt, the former drugs czar who was sacked for saying ecstasy is less dangerous than alcohol.


Via Phil Hensman
Sdg's insight:

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

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Madonna sells painting for $7.2m

Madonna sells painting for $7.2m | Micro | Scoop.it
A Cubist painting by Fernand Leger owned by pop star Madonna is auctioned for $7.2 million (£4.7m) in New York.

Via Mo Tanweer
Sdg's insight:

Good early Econ1 eg

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