The BBC reports the external cost of crime
http://news.bbc.co.uk/1/hi/uk/7489877.stm
a) Why is this £15bn an external cost?
b) To what extent would you take this to be an acurate figure?
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Posts
Topics
- Absence of private property rights
- Actions to correct market failure
- Ageing population
- Aggregate demand
- Aggregate supply macroeconomic equilibrium
- Aggregate supply.
- Allocative efficiency
- Assumptions in economics
- audio
- australian economy data
- Automation
- Balance of Payments
- Bank of England
- Barriers to Entry
- barriers to trade
- Basic Income; Inequality
- Behavioural Economics
- benefits
- Brexit
- Budget deficit
- budget surplus
- Business cycle
- Capitalism
- carbon tax
- Cartel
- Central bank
- Centrally planned economies
- Circular flow of income
- Coal
- Collusion
- comparative advantage
- competition
- Competition and Markets Authority
- Competition Authorities
- Competition Policy
- concentration ratio
- consumer confidence
- consumer surplus
- Consumption
- contestable markets
- CORVID19
- Cost Benefit Analysis
- costs
- creative destruction
- Crowding out
- Currency controls
- Currency peg
- Current account
- Customs Union
- d
- Deflation
- Demand
- derived demand
- Development
- Diagrams
- direct taxation
- discrimination
- Dumping
- Dynamic Efficiency
- Dynamic pricing
- Easterlin paradox
- Economic cycle
- Economic goods
- Economic growth
- Economic Integration
- Economic problem
- Economic schools of thought
- Economic stability
- Economic systems
- economically inactive
- Economies of scale
- Edexcel link
- Efficiency
- Elasticity
- Embargo
- Employment/Unemployment
- Euro
- Euro carry trade
- European Union
- Evaluation
- Exam technique
- Exchange rates
- exports
- Externalities
- F581
- F582
- Factors of production
- Famous Economists
- FDI
- Financial Economics
- Financial Regulation
- Financial System
- Fiscal drag
- Fiscal policy
- Foreign direct investment
- Free goods
- Free Market
- Free trade
- Game theory
- GDP
- gini coeficient
- Globalisation
- Glossary
- GNP
- Government Budget
- Government Expenditure
- government failure
- Government intervention
- Government provision
- Gross National Happiness
- happiness
- Hayek
- HDI
- Herding behaviour
- Horizontal integration
- Housing
- Human capital
- human development index
- Hysteresis
- imports
- Income distribution
- Income Equality
- Income inequality
- Income redistribution
- index numbers
- indirect taxation
- Inequality
- Inferior/normal goods
- Inflation
- Information failure
- Integration
- interest rates
- international competitiveness
- International trade
- Introductory ideas
- Investment
- Invisible hand
- Irrational behaviour
- J curve
- Key Terms
- Key terms glossary
- keynes
- labour economics
- labour market issues
- Laffer curve
- leg
- legislation
- liquidity trap
- living wage
- lorenz curve
- Macroeconomic data
- Macroeconomic equilibrium
- Macroeconomic objectives
- macroeconomic policy constraints
- macroeconomic quiz
- macroeconomics
- market concentration
- Market dominance
- Market Failure
- market share
- Market structure
- Markets
- Maximum pricing
- Mergers
- Merit/Demerit goods
- microeconomics diagrams
- microeconomics examples
- microeconomics quiz
- migration
- Millennium Goals
- minimum pricing
- minimum wage
- mobility of labour
- Modern Monetary Theory
- Monetary policy
- Money
- Money Supply
- monopolistic competition
- Monopoly
- Monopsony
- MRP
- multiple choice tests
- Multiplier effect
- Nash equilibrium
- National Debt
- Nationalisation
- Natural Monopoly
- Natural Rate of Unemployment
- Negative interest rates
- non-tarrif barriers
- normal and abnormal profit
- Obesity
- Oligopoly
- on-line lessons
- Opportunity cost
- Output gap
- Pareto efficiency
- Perfect competition
- Phillips curve
- polluter pays principle
- population
- Potential output
- Poverty
- Price and equilibrium
- price discrimination
- price index
- Prices
- Prisoner's dilema
- Privatisation
- producer surplus
- Production possibility curve
- production possibility frontier
- Productive efficiency
- Productivity
- profit
- profit maximisation
- profit satisficing
- Progression
- protectionism
- Public Goods
- Purchasing Power Parity
- Quantitative easing
- quantitative methods
- Quantity theory of Money
- Quiz
- Quota
- real wages
- Recession
- Regulation
- Regulation; video
- regulatory capture
- remittances
- renewables
- rent controls
- revenue
- Revision
- Savings
- savings ratio
- Scarcity
- scoop it
- Sectors of the economy
- shrinkflation
- single currency
- Single market
- social welfare
- Socialism
- specialisation division of labour
- stagflation
- standard of living
- stock market
- Subsidies
- subsidy
- Substitutes/complements
- sugar tax
- Supply
- Supply side policies
- sustainability
- Takeover
- Tariffs
- Taxation
- terms of trade
- Theory of the firm
- Tradable permits
- Trade deals
- trade deficit
- trade surplus
- Trade Unions
- trade war
- trade-off
- Tragedy of the commons
- Transmission mechanism
- TTIP
- UK economy
- Unemployment
- Universal Basic Income
- Veblen good
- vide
- Video
- volatile prices
- wage determination
- Wage discrimination
- wages
- Wealth
- wellbeing
- WTO
Blog Archive
-
▼
2008
(337)
-
▼
July
(35)
- Unit 1: River pollution: The inadequacy of governm...
- Unit 2: Free trade v Proectionism
- Market structures: Oligopoly and the games console...
- Unit 1: Government action to overcome market failu...
- Unit 2: Slowing economic growth in the UK
- Unit 1: Notional, Effective and Price elasticity o...
- Unit 2: Decreasing consumer confidence
- Unit 1: Allocative efficiency in the North America...
- Unit 1: The effect on price of reducing subsidies
- Unit 1: How S&D explain the price of oil
- Unit 2: More evidence of alcohol as a demerit good
- Unit 3: Is the CPI an accurate measure of Inflation?
- Unit 3: Zimbabwe inflation hits 2,200,000% and the...
- Unit 3: Inflation at 11 year high
- Unit 3: The link between economic growth and unemp...
- Unit 1: Demand for Magners cider
- Unit 2: Government legislation to reduce negative ...
- Unit 1: Demand for bullet proof cars in Brazil
- Unit 3: The effect of an appreciating exchange rat...
- Unit 3: The housing slump and negative multiplier ...
- Unit 3: Carbon trading expands to involve aviation...
- Unit 3: Is the UK heading for recession?
- Unit 2: Reducing negative externalities associated...
- Unit 1: Cross elasticity of demand: The impact of ...
- Unit 3: Fiscal Drag
- Unit 1: A market in disequilibrium: Allotments
- Unit 3: The multiplier effect of increased Governm...
- Unit 3: Defining a recession
- Unit 3: Falling discretionary income in the UK
- Unit 1: Falling disposable incomes and the efect o...
- Unit 2: The external costs of crime
- Unit 2: Australia's proposed emissions trading scheme
- Unit 1: Rising costs and rising prices: Dry cleaners
- Unit 2: The effect of the smoking ban in the UK
- Unit 1: Cross elasicity of demand: The price of oi...
-
▼
July
(35)
About Me
- Blogger Bryn
- I'm 54 years old and teach Economics at Long Road Sixth Form College in Cambridge and have done so for far too long!
No comments:
Post a Comment