Econ Unit One
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Econ Unit One
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Curated by Rory Adamson
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Price changes: UK house prices continue to rise

Price changes: UK house prices continue to rise | Econ Unit One | Scoop.it

UK house prices rise again, and are now 5.8% higher than this time a year ago, says Nationwide.


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Tackling negative externalities: Fat-Fighting Strategy To Slim Down Nation

Tackling negative externalities: Fat-Fighting Strategy To Slim Down Nation | Econ Unit One | Scoop.it

Leading supermarkets and food firms sign up to a Department of Health initiative to cut harmful saturated fats from British diets.


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US swaps cigarettes for hummus

US swaps cigarettes for hummus | Econ Unit One | Scoop.it

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Phil Hensman's curator insight, November 11, 2013 2:29 AM

Changes in Supply and Demand?

Bruce Fellowes's curator insight, November 11, 2013 3:49 AM

From tobacco to chick peas!

Dan Martin's curator insight, November 12, 2013 8:32 AM

Price acting as an incentive. Market forces at work

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'Soaring demand' for homes says Rics

'Soaring demand' for homes says Rics | Econ Unit One | Scoop.it

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Phil Hensman's curator insight, November 12, 2013 2:07 AM

What will the effects on price be?

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Poor children's life chances are decided in primary school, report finds

Poor children's life chances are decided in primary school, report finds | Econ Unit One | Scoop.it
Figures show most poor pupils who fall behind by age of seven will fail to get five good GCSEs including English and maths

Via Phil Hensman
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Social immobility

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Phil Hensman's curator insight, October 8, 2013 2:51 AM

Social Immobility

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Welfare dependency isn't Britain's gravest economic problem. Pitiful pay is

Welfare dependency isn't Britain's gravest economic problem. Pitiful pay is | Econ Unit One | Scoop.it
Polly Toynbee: If the government really wanted to cut its benefit bill, it would ensure that employers give their workers a living wage
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AS Micro - Govt Intervention and Demerit Goods: Teen smokers 'ignore graphic photos'

AS Micro - Govt Intervention and Demerit Goods: Teen smokers 'ignore graphic photos' | Econ Unit One | Scoop.it
Picture warnings on cigarette packets depicting the dangers of smoking make little impact on teenage smokers, a study suggests.

Via Matt Smith, Saint Martin's - Economics
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Matt Smith's curator insight, September 5, 2013 1:37 AM

Research seems to show that graphic images do not put off teenagers from smoking. What could be alternative ways of the government intervening?

Miss Smith 's curator insight, September 11, 2013 1:13 PM

Demerit Goods

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AS Micro - Negative Externalities & Government Intervention: Euro MPs tighten anti-tobacco laws

AS Micro - Negative Externalities & Government Intervention: Euro MPs tighten anti-tobacco laws | Econ Unit One | Scoop.it
The European Parliament votes to tighten tobacco rules to curb smoking among young people, but avoids restricting e-cigarettes.

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AS Micro - Negative Externalities of Smoking: Lung diseases cause one in 10 deaths

AS Micro - Negative Externalities of Smoking: Lung diseases cause one in 10 deaths | Econ Unit One | Scoop.it
Lung conditions are the cause of one in 10 of all deaths in Europe and smoking is a major factor, says a report from European Respiratory Society.

Via Matt Smith, Saint Martin's - Economics
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Chris Oyin's curator insight, September 11, 2016 1:55 PM

People who smoke create negative externalities to people around them as those are the ones who obtain second-hand smoke. Furthermore, smoking damages your lungs' to the extent of possible lung disease; of which this article says will kill 1 in 10 deaths. The government are contentiously attempting to ward people from cigarettes, one way they do this is sin tax.  This is an additional 16.5% put on the purchase of cigarettes. Resultantly, consumers of cigarettes will be more and more discouraged to purchase the product, due to its high prices.

joshua23's curator insight, October 6, 2016 5:26 PM

People who smoke create negative side effects for themselves e.g. an increased risk in cancer and less lung stamina. 

However new research has shown that there are more negative externalities to smoking for example it is now a know fact that toxic second hand smoke is very bad and can have the same side effects as normal smoke 

 

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AS Micro - Demand: Matalan's winter sales hit by weather failing to turn

AS Micro - Demand: Matalan's winter sales hit by weather failing to turn | Econ Unit One | Scoop.it
Retailer's woes echoed by John Lewis and Topshop as warm September saw shoppers delaying buying coats

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Dan Martin's curator insight, October 16, 2013 7:51 AM

Determinants of Demand at play here. Maybe people are still wanting to buy shorts??

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AS Micro - Externalities: 'Bags-for-life' could cost extra 5p

AS Micro - Externalities: 'Bags-for-life' could cost extra 5p | Econ Unit One | Scoop.it

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AS Micro - Demand: 'Teens just can't afford to drive': study blames recession for drop in licences

AS Micro - Demand: 'Teens just can't afford to drive': study blames recession for drop in licences | Econ Unit One | Scoop.it
Number of insured drivers between ages 14 and 19 has plummeted 12% between 2006 and 2012

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Price determination: Why are the process different? Supply and demand. Price of marijuana worldwide

Price determination: Why are the process different? Supply and demand. Price of marijuana worldwide | Econ Unit One | Scoop.it

Uruguay is creating the world's first legal national market for marijuana - and it plans to start sales off at $1 a gram. How will its prices compare? Which countries have the highest prevalence rates for marijuana consumption?


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Tackling negative externalities in consumption: Sugary Drinks Tax 'Could Raise Treasury £275m'

Tackling negative externalities in consumption: Sugary Drinks Tax 'Could Raise Treasury £275m' | Econ Unit One | Scoop.it

A 20% tax could reduce demand and fight obesity and tooth decay, but some researchers claim taxing food is politically unworkable.


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Rebecca's curator insight, November 12, 2015 4:38 PM
Adding a tax onto sugary drinks will cause a left shift in supply curve and cause a contraction in demand, where there is a lesser quantity bought and sold than before. The market should be allocating less resources to the production of sugary drinks. However placing a tax on food can be undesirable for the consumer and therefore a more desirable action may be to subsidise artificially sweetened soft drinks which could mean that company's reallocate resources into the production of artificially sweetened soft drinks and this would therefore decrease average prices and cause a right shift in supply where a lower price can be offered and therefore demand for a healthier alternative will increase.
Aisha's curator insight, November 16, 2015 5:05 AM
This market should use less resources, which would decrease supply- causing an increase in the price and a contraction in demand. The supply curve would shift to the left, decreasing the Quantity at the new equilibrium as they produce less as a result of using less resources. This reduction in supply would push prices up which means there is less demand in that market- which is desirable as it causes less diabetes or illnesses linked to fizzy drinks. The government could increase tax (which it says in the article), which would increase the cost of production- making it more expensive to supply the drinks at any given price. This would lead suppliers to push prices up because it is less profitable for them, therefore they supply less. The increase in the price of the product would also decrease consumer demand and may lead consumers to substitute the fizzy drinks with a cheaper product.
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Price inelastic demand: Payday Loans To 'Fund Xmas For 1.2 Million'

Price inelastic demand: Payday Loans To 'Fund Xmas For 1.2 Million' | Econ Unit One | Scoop.it

There is concern the squeeze on living standards will drive more people into debt this coming festive season.


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Increase in supply: Afghanistan opium poppy cultivation at record high - Telegraph

Increase in supply: Afghanistan opium poppy cultivation at record high  - Telegraph | Econ Unit One | Scoop.it

Opium poppy cultivation in Afghanistan hits record high, UN report claims, with most of the rise in Helmand province, where British troops are about withdraw


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Dan Martin's curator insight, November 16, 2013 1:15 AM

How is this likely to affect the market for illegal drugs in the UK?

Mr Jones's curator insight, November 16, 2014 8:59 AM

Farmers free to make choices about what crops will bring in the best profits? Interesting that uncertainty about the future of Afghanistan after the troup withdrawl is a major issue.

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AS Micro - Substitute Services: EDF Energy reve...

AS Micro - Substitute Services: EDF Energy reve... | Econ Unit One | Scoop.it
Energy giant EDF Energy has seen a 600pc increase in sales of its fixed price gas and electricity deals in the past fortnight after three of its rivals hit their customers with inflation-busting price hikes.
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AS Micro - Demand: New Car Sales Accelerate In September

AS Micro - Demand: New Car Sales Accelerate In September | Econ Unit One | Scoop.it
More healthy signs for the UK economy as new car registrations hit a five-year high, as the new 63 number plate is released.

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AS Micro - Positive Externalities: Walking more 'would save thousands'

AS Micro - Positive Externalities: Walking more 'would save thousands' | Econ Unit One | Scoop.it

Thousands of lives could be saved each year in the UK if people walked more, according to a report from two charities.


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AS Micro - Demand & Supply: Falling Coffee Prices - Farmers Switch to Oranges

AS Micro - Demand & Supply: Falling Coffee Prices - Farmers Switch to Oranges | Econ Unit One | Scoop.it
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.

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AS Micro - Positive Externalities: 'Get flu vaccine this winter' plea

People at most risk from flu this winter should make sure they get vaccinated against the virus, says Public Health England.

Via Matt Smith, Saint Martin's - Economics
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Matt Smith's curator insight, October 11, 2013 2:56 AM

Classic example of Positive Externalities in Consumption. Essential reading.

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AS Micro - Supply: Fire burns tonnes of sugar in Brazil

AS Micro - Supply: Fire burns tonnes of sugar in Brazil | Econ Unit One | Scoop.it

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Saint Martin's - Economics 's curator insight, October 21, 2013 7:33 AM

Consider the effect on the supply curve

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AS Micro - Externalities: Coffee v smoothies: Which is better for you? - Evaluation

AS Micro - Externalities: Coffee v smoothies: Which is better for you? - Evaluation | Econ Unit One | Scoop.it

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