Econ 1
253 views | +0 today
Follow
Econ 1
Curated by KAH
Your new post is loading...
Your new post is loading...
Scooped by KAH
Scoop.it!

Market Failure: 8 resources on Market Failure | Economics | tutor2u

Here are some recent resources on market failure - especially externalities and demerit goods
more...
No comment yet.
Scooped by KAH
Scoop.it!

Recent Resources on Market Failure (Jan 2016) | Economics | tutor2u

Recent Resources on Market Failure (Jan 2016) | Economics | tutor2u | Econ 1 | Scoop.it
Here are some recent resources on market failure, especially externalities and demerit goods
KAH's insight:

Useful background giving examples that can be added to exam answers.

more...
No comment yet.
Scooped by KAH
Scoop.it!

20p tax on sugary drinks propsed.

20p tax on sugary drinks propsed. | Econ 1 | Scoop.it
Here's one of those stories that help illustrate the point about de-merit goods really well.  The Children's Food Campaign are calling for a specific tax on sugary drinks to help combat obesity in children.  Key points:Sugary drinks is the example of a de-merit goodTax is the proposed strategy for reducing consumptionCosts.
more...
No comment yet.
Scooped by KAH
Scoop.it!

How much should we pay for expensive cancer medication?

How much should we pay for expensive cancer medication? | Econ 1 | Scoop.it
Many students look at health care spending and rationing decisions when they cover the introductory concepts of opportunity cost, scarcity and the cost benefit principle. In this recent BBC Newnight report, the decisions taken by the National Institute for Clinical Excellence (NICE) - the organisation that decides whether treatments are.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Perfect weather and a bumper wheat crop – impact on the market

Perfect weather and a bumper wheat crop – impact on the market | Econ 1 | Scoop.it
A great example to start you off looking at how economists understand markets: after a run of rain-wrecked years, British farmers are bringing in the last of what looks like a bumper cereals harvest. 2014 could be the biggest yield ever for wheat. Good news. But for whom?.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Olive oil prices set to rise after drought hits supply

Here is an excellent example of how adverse weather conditions can impact on the market price of a staple item in millions of people's supermarket trolleys. .
more...
No comment yet.
Scooped by KAH
Scoop.it!

Geographical mobility of labour in the UK

Geographical mobility of labour in the UK | Econ 1 | Scoop.it
One type of market failure that contributes to inequality and unemployment is the geographical immobility of labour.  If the labour market really ‘cleared’ effectively, wages would equalise across the economy. Workers would drift away from regions with low wages and/or high unemployment towards areas where wages were higher and labour.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Mediacore: Revision of Elasticities

We are experimenting with some new software called Mediacore at my school - to try to promote more flip-teaching and independent learning as well as easier revision.My initial idea was to create short video tutorials explaining key concepts on the...
KAH's insight:

useful revision presentations on elasticity

more...
No comment yet.
Scooped by KAH
Scoop.it!

The NHS: Blinded By Love

The NHS: Blinded By Love | Econ 1 | Scoop.it
The NHS is part of the British establishment just as much as tea, talking about the weather and sarcasm. This view through rose-tinted spectacles has prevented serious debate and clouded our judgment.
more...
No comment yet.
Scooped by KAH
Scoop.it!

AS Economics Revision - Public & Merit Goods Quiz 1

KAH's insight:

Test your knowledge with this quiz from Tutor2u

more...
No comment yet.
Scooped by KAH
Scoop.it!

A world without shops or factories

A world without shops or factories | Econ 1 | Scoop.it
Why our old familiar world is being turned on its head and why, in the 21st Century, how we live, work and communicate will be very different indeed.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Falling Coffee Prices - Farmers Switch to Oranges

Here is a familiar tale - sharply falling world coffee prices are causing the terms of trade to drop and threatening the commercial viability of coffee production among many of Indonesia's small scale coffee farmers.
KAH's insight:

Great example of susbtitutes in production.

more...
No comment yet.
Scooped by KAH
Scoop.it!

Euro MPs tighten anti-tobacco laws

Euro MPs tighten anti-tobacco laws | Econ 1 | Scoop.it
The European Parliament votes to tighten tobacco rules to curb smoking among young people, but avoids restricting e-cigarettes.
KAH's insight:

How effective do you think these laws will be?

more...
No comment yet.
Scooped by KAH
Scoop.it!

25 stories on Market Failure | Economics | tutor2u

Here's a whole heap of news and theory on Market Failure.
KAH's insight:

They did this so you don't have to. 

more...
No comment yet.
Scooped by KAH
Scoop.it!

Tobacco firms launch a legal challenge against plain packaging | Economics | tutor2u

Four of the world's largest tobacco companies have today mounted a legal challenge against the UK government regarding the plain packaging law. The companies Ph
more...
No comment yet.
Scooped by KAH
Scoop.it!

Contrasting approaches to managing road traffic

Contrasting approaches to managing road traffic | Econ 1 | Scoop.it
The transport economists amongst you will be giving considerable thought to the question of tackling road traffic congestion. I’ve picked up on two stories here because they take contrasting approaches. The first is to use technology and regulation to tackle the problem – the so-called command and control approach. The.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Perfect weather yields bumper cereal harvest for British farmers

Perfect weather yields bumper cereal harvest for British farmers | Econ 1 | Scoop.it
Long sunny spells after a mild winter and early spring delivers a bounty of wheat, barley and oats
more...
No comment yet.
Scooped by KAH
Scoop.it!

Price Cap introduced for the UK Payday Loans Market

The UK Financial Conduct Authority has announced direct interventions in the market for payday loans - the high cost short term loans market which has expanded rapidly in recent years led by businesses such as Wonga. The decision is the result of a detailed assessment of the industry which had flagged up.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Unit 1 Micro: Smoking Bans Improve Health

Unit 1 Micro: Smoking Bans Improve Health | Econ 1 | Scoop.it
In 2007 a ban on smoking in enclosed public places was introduced in England - Scotland had introduced a similar measure a year earlier. Fresh evidence published in the medical journal The Lancet finds that enforced bans on smoking are now having a discernible effect on measures of public health..
more...
No comment yet.
Scooped by KAH
Scoop.it!

Unit 1 Micro: Information Failure and Coca Cola

Unit 1 Micro: Information Failure and Coca Cola | Econ 1 | Scoop.it
In this memorable Newsnight interview, Jeremy Paxman quizzes / interrogates a senior Coca Cola executive about the amount of sugar in Coca Cola drinks. Coca Cola wants to
more...
No comment yet.
Scooped by KAH
Scoop.it!

Unit 1 Micro: US food authorities take step to ban transfats

Here is an example of direct intervention in markets to address some of the information failures associated with the obesity epidemic.
more...
No comment yet.
Scooped by KAH
Scoop.it!

Market Failure and Government Failure in One Go

A lovely clip from last night's Channel 4 News highlights both issues - and points you towards the welfare implications of both.
more...
No comment yet.
Scooped by KAH
Scoop.it!

MPs fear environment budget cuts

MPs fear environment budget cuts | Econ 1 | Scoop.it
Substantial cuts to the government's environment department budget will hamper its ability to cope with emergencies such as flooding, MPs warn.
KAH's insight:

Who should pay for public goods like flood defences?  

more...
No comment yet.
Scooped by KAH
Scoop.it!

Will banning packs of 10 cigarettes help smokers quit?

Will banning packs of 10 cigarettes help smokers quit? | Econ 1 | Scoop.it
New government measures are supposed to discourage kids and social smokers, but the verdict on the street is mixed
more...
No comment yet.
Scooped by KAH
Scoop.it!

Signs of recovery in the UK’s new car sales

Signs of recovery in the UK’s new car sales | Econ 1 | Scoop.it
Over 400,000 new cars were registered in the UK last month, the highest number for five and a half years.
KAH's insight:

Factors effecting demand for new cars

more...
No comment yet.