Microeconomics (Bramcote College A-Level Economics AQA)
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Tax sugary drinks by 20%, say doctors - BBC News

Tax sugary drinks by 20%, say doctors - BBC News | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
An extra 20% tax on sugary drinks should be introduced to tackle the obesity crisis, the British Medical Association says.
Gav King's insight:

Good article on reducing negative externalities, as discussed in class.

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End of EU quota heightens farmers' fears

End of EU quota heightens farmers' fears | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Quotas regulating how much milk can be produced in Europe have been scrapped, more than 30 years after they were introduced.
Gav King's insight:

A2 - More Milk News!

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Rocketing vaccine cost warning

Rocketing vaccine cost warning | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
The price of life-saving vaccines has skyrocketed leaving some countries struggling to fully immunise children, Medecins Sans Frontieres warns.
Gav King's insight:

A2 - Good question of ethics. What price should be charged and why? Use the theory of the firm to identify the discrepancy in opinion and perception.

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Food suppliers 'at risk of collapse'

Food suppliers 'at risk of collapse' | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
More than 100 food suppliers could be forced out of business as supermarkets cut prices in an effort to keep their customers, according to a new report.
Gav King's insight:
A2 - A good example of Monopoly / Monopsony power and relevant to the theory of the firm.
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Dairy farmers' payments delayed

Dairy farmers' payments delayed | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Dairy co-operative First Milk has not issued its scheduled payment to suppliers on Monday because of cash flow problems.
Gav King's insight:

AS / A2 - More relevant A-Level economic content in here than I could count!!! Surely this will make an excellent exam question subject.

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UK firms 'hiring £1,000 bricklayers'

UK firms 'hiring £1,000 bricklayers' | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Building companies in London have hired Portuguese bricklayers on £1,000-a-week wages because of a shortage of skilled Britons, a recruitment firm has said.
Gav King's insight:

A2 - as discussed in lesson. Think about some of the factors that are causing this (and also helping to resolve it!)

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Too many basic jobs - John Lewis chief

Too many basic jobs - John Lewis chief | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
John Lewis chairman Sir Charlie Mayfield warns that more than a fifth of UK jobs only require the educational level expected of an 11-year-old.
Gav King's insight:

A2 - Important information ahead of the unit on Labour Markets

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jon inge's curator insight, November 12, 2014 3:17 PM

no job satisfaction of quality of life here - trade off - robots but then structural unemployment no quality of life either 

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Opposition to garden bridge grows

Opposition to garden bridge grows | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Campaigners argue the proposed bridge on London's South Bank is in the wrong place and is not needed.
Gav King's insight:

AS - Useful stuff (especially in the comments) on social costs and benefits of large capital projects and how these may be measured.

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Ryanair upgrade boosts airline shares

Ryanair upgrade boosts airline shares | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
The FTSE 100 edges higher, with airline shares boosted after Ryanair raises its full-year profit forecast.
Gav King's insight:

A2 - Useful to see what is happening in an imperfect competitive market at the moment. Where are the profits coming from and why?

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If Osborne's going to 'sell the family silver', perhaps it's not such a bad thing - Telegraph

If Osborne's going to 'sell the family silver', perhaps it's not such a bad thing - Telegraph | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
The sale of the Government’s 40pc stake in Eurostar should be embraced by employees as an opportunity

Via Graham Watson
Gav King's insight:

A2 Monopolies, Competition and Privatisation - Lots of good economic theory in here for the A2 course, especially considering competition, monopolies and consumer benefit.

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Graham Watson's curator insight, October 13, 2014 5:44 PM

Only one complaint. Does Andrew Critchlow really prove any of the supposed gains from privatisation; it's one thing having an opinion but prove it, man...

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AS Energy firms face competition inquiry

AS Energy firms face competition inquiry | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
There is to be a major investigation into the UK's "big six" energy suppliers, amid concerns over the cost of gas and electricity bills.
Gav King's insight:

AS - Consider whether there should be government intervention in this market and at what cost the market is failing

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Brave new world for EU farmers as milk quotas scrapped

Brave new world for EU farmers as milk quotas scrapped | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
A new era is dawning for European dairy farmers as the EU lifts milk quotas, the BBC's Laurence Peter reports.
Gav King's insight:

A2 - Very useful for ECON3 & ECON4. Consider the possible positive and negative implications for the UK Economy and UK Business

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OECD: changes must cut inequality, not just boost economic growth

OECD: changes must cut inequality, not just boost economic growth | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
At the opening of the G20 meeting, the thinktank says politicians must prioritise policies that share out the gains of stronger growth
Gav King's insight:

A2 - More on income and wealth distribution (or lack of it!)

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Richest 1% to own more than the rest

Richest 1% to own more than the rest | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Wealth amassed by the richest 1% will soon overtake the amount owned by everyone else in the world, says charity group Oxfam.
Gav King's insight:

A2 - Some striking statistics ahead of the WEF in Davos. There should be a lot more in the coming days. This ties in with the income and wealth unit.

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The 'shopping basket' through the ages

The 'shopping basket' through the ages | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Inflation in the UK is calculated with the help of a notional basket of goods. What goes in there tells us a lot about changing eating habits.
Gav King's insight:
AS / A2 - Interesting look at how to calculate inflation - not really Micro but you could certainly look into the elasticities of some of these.
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Joseph Stiglitz: Thomas Piketty gets income inequality wrong

Joseph Stiglitz: Thomas Piketty gets income inequality wrong | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
The famed economist reveals the real reason the rich are getting richer -- and what it means for the rest of us
Gav King's insight:

A2 - Interesting information and an introduction to the next unit on Wealth and Income Inequality in a couple of weeks

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Banks sued in metal price-fixing case

Banks sued in metal price-fixing case | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Goldman Sachs and HSBC are amongst four platinum and palladium dealers to be sued in New York for allegedly fixing the price of the metals.
Gav King's insight:

A2 - Ties in nicely with monopoly / oligopoly power and cartel agreements against the interest of the consumer and other businesses

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Q&A: What benefits can EU migrants get?

Q&A: What benefits can EU migrants get? | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
What benefits can EU migrants claim in another EU country? The BBC's Laurence Peter investigates.
Gav King's insight:

AS/A2 - Some facts about benefits and migration with some useful information on migrants from Eastern Europe

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'Living wage' raised by 20p an hour

'Living wage' raised by 20p an hour | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
The UK "living wage" - an hourly rate based on the amount needed to cover the basic costs of living - has been raised, benefitting 35,000 workers.
Gav King's insight:

AS/A2 - Consider the impact of this on a supply / demand curve. What will the impact be for businesses and consumers?

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French economist wins Nobel Prize

French economist wins Nobel Prize | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
French economist Jean Tirole of Toulouse University is awarded the Nobel Prize in economics.
Gav King's insight:

A2 Competition and Monopoly - Interesting link to 2014 Nobel Economist. He has assessed the best ways to address monopoly power by governments and looked at pareto efficiency and allocative efficiency

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Company bosses 'earn 120 times more'

Company bosses 'earn 120 times more' | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Directors of the top 100 UK companies now earn 120 times the average sum earned by their employees, according to a report by Incomes Data Services.

Via Graham Watson
Gav King's insight:

A2 Labour Markets - Useful information on the labour market and the forces driving price or salary. Consider the competitiveness of the markets at board level and staff.

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Graham Watson's curator insight, October 13, 2014 3:30 AM

I'm sure that this will gets lots of play - and it will be interesting to compare Telegraph and Guardian coverage - but the bottom line to me is that the pay of the average worker is determined in a much more competitive market than that of the bosses. However, that the latter market is imperfectly competitive has little, if anything to do with the abilities of the bosses - it's more to do with the nature of wage negotiations.

 

I suspect that the behaviouralists will have a field day: I see it as an  example of 'confirmation bias' : company boards derive utility from paying their boss well. In the first place, it boosts their own remuneration; in the second, 'if we pay him a lot, he must be good' and we must have been canny to appoint him. 

jon inge's curator insight, October 13, 2014 1:43 PM

Market system, the rich get richer...

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AS MSC and MSB - Concern at green-belt homes plan

AS MSC and MSB - Concern at green-belt homes plan | Microeconomics (Bramcote College A-Level Economics AQA) | Scoop.it
Plans to build 24,000 homes across Northumberland, some on green-belt land, spark anger in Northumberland.
Gav King's insight:

AS - Think about the social cost of this housing and whether the social benefit outweighs this, particularly in the light of the current housing crisis we have looked at

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