F581 markets in Action
552 views | +0 today
Follow
 
Scooped by Pendleton Economics
onto F581 markets in Action
Scoop.it!

Air pollution 'public health crisis'

Air pollution 'public health crisis' | F581 markets in Action | Scoop.it
New schools, care homes and hospitals should be built far away from major roads because of the dangers of air pollution, a report by MPs says.
more...
No comment yet.
F581 markets in Action
F581 markets in Action
Your new post is loading...
Your new post is loading...
Scooped by Pendleton Economics
Scoop.it!

Air pollution 'public health crisis'

Air pollution 'public health crisis' | F581 markets in Action | Scoop.it
New schools, care homes and hospitals should be built far away from major roads because of the dangers of air pollution, a report by MPs says.
more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

HMV chain considers administration

HMV chain considers administration | F581 markets in Action | Scoop.it
Troubled music and DVD retailer HMV is close to appointing Deloitte as administrator, putting around 4,350 jobs in jeopardy, the BBC understands.
Pendleton Economics's insight:

The market is allocating resources efficiently if HMV closes - consumer satisfaction is not currently being maximised, supply and demand are not meeting therefore HMV has to go.  The forces of supply and demand will re allocate the resources to a new use that will satisfy the consumer.  What will the empty shops become?  Pound shops?  clothes shops?  

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Government ads back healthy eating

Government ads back healthy eating | F581 markets in Action | Scoop.it
Government-backed TV adverts to promote healthier eating habits in England are to be screened for the first time later.
Pendleton Economics's insight:

An excellent example of information provision - will this solve the market failure of obesity and the over consumption of food?  What will its success depend on?

more...
No comment yet.
Rescooped by Pendleton Economics from Year 1 Micro
Scoop.it!

Information Failure: Inside the Energy Drinks

Information Failure: Inside the Energy Drinks | F581 markets in Action | Scoop.it
Energy drinks usually contain caffeine, sugar and additives with strange-sounding names. Producers claim their mixes provide mental and physical benefits.

Via Matt Smith
Pendleton Economics's insight:

Does information failure lead to the over consumption of these drinks?

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Cheap vitamin D 'would boost health'

Cheap vitamin D 'would boost health' | F581 markets in Action | Scoop.it
Is vitamin D a merit good. Thanks to Jackson Beckett for pointing this news story out!
Pendleton Economics's insight:

Vitamin D is underconsumed.  The market is failing to allocate resources efficiently.  Demand should be higher than it is.  The governmnet could intervene to solve this problem but how?

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Externalities quiz

Externalities quiz | F581 markets in Action | Scoop.it

Try this quiz to help you learn the difference between negative and positive externalities and the different possible solutions

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

The England shirt David Cameron called 'very expensive'

The England shirt David Cameron called 'very expensive' | F581 markets in Action | Scoop.it
BBC News takes a look at one of the controversial £90 England replica shirts which Prime Minister David Cameron has described as "very expensive".
more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

F581 markets in action revision guide

revision guide for AS unit 1
Pendleton Economics's insight:

AS unit 1 revision guide

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Is VAT suffering a mid-life crisis at 40?

Is VAT suffering a mid-life crisis at 40? | F581 markets in Action | Scoop.it
As the value-added tax turns 40 on 1 April, one expert says that what was originally touted as the "simple tax" has become one of the most complex and illogical.
Pendleton Economics's insight:

This tax affects supply - i.e. the business has to pay it.

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Beijing pollution at hazard level

Beijing pollution at hazard level | F581 markets in Action | Scoop.it
Air pollution in the Chinese capital Beijing reaches levels judged as hazardous to health, with visibility down to a few hundred metres.
Pendleton Economics's insight:

The negative externalities caused by factories that produce consumer goods for people in the UK.  Would pollution permits be a good solution?  What would this do to the price of goods?

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

US town bans small water bottles

US town bans small water bottles | F581 markets in Action | Scoop.it
The town of Concord in Massachusetts bans the sale of bottled water in units smaller than one litre to reduce waste and encourage tap water use.
Pendleton Economics's insight:

Bottled water - an example of a product with negative externalities.  Banned in Massachusetts now, where next!

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Tolls 'could pay for new roads'

Tolls 'could pay for new roads' | F581 markets in Action | Scoop.it
A plan to fund roads, using tolls which drivers would pay to private companies, is to be included in the coalition's new policy agenda.
Pendleton Economics's insight:

Roads could be considered quasi public goods.  They can be excludable and they can be rival but essentially the government provides them for all and pays for them with tax.  Should you have to pay to use a road?  What would be the advantages (i.e. the government could spend the tax on something else?)

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Economists - Warning over liver disease rates - demerit goods?

Economists - Warning over liver disease rates - demerit goods? | F581 markets in Action | Scoop.it

Drinking and obesity levels mean England is one of Europe's few countries still seeing a rise in liver disease deaths, the chief medical officer warns.  What can we do to solve the problem of these negative externalities?

more...
No comment yet.
Scooped by Pendleton Economics
Scoop.it!

Elasticity of demand quiz

Elasticity of demand quiz | F581 markets in Action | Scoop.it

Login with the username and password given to you in class.  Use the quiz to help you learn demand elasticities

more...
No comment yet.