Wednesday, February 29, 2012

Unit 1: Increasing demand for nail bars

....according to this clip from the BBC

http://www.bbc.co.uk/news/uk-17204558

a) Using the list of the determinants of demand, explain the increase in demand for nail bars

Tuesday, February 28, 2012

Unit 2: Emigration: a cost of unemployment

....has returned to Ireland with a vengance according to Aljazeera

http://www.youtube.com/watch?v=LLksP0pDPsI

Unit 1: Changing demand for biscuits

.....according to the BBC

http://www.bbc.co.uk/news/uk-17188227

a) Using demand diagrams and the list of determinants of demand, explain the changing demand for biscuits in the UK

Unit 1: Negative externalities on the Neath Road, Swansea

......according to the BBC

http://www.bbc.co.uk/news/uk-wales-17177021

a) What are the negative externalities experienced on the road and by who?
b) What actions have already been taken to reduce the negative externalities and how successful have they been?
c) Assess the likely success of the new proposals

Monday, February 27, 2012

Sunday, February 26, 2012

Unit 1: Evaluating a government measure on alcohol

Great video from the BBC evaluating the likey success of the "no selling alcohol at below cost price" measure due to be introduced soon

http://www.bbc.co.uk/news/health-17137361 video
http://www.bbc.co.uk/news/uk-england-tyne-17131232 article

Thursday, February 23, 2012

Unit 2: Macro videos from the ONS: Youth unemployment

Thanks for tutor2u for pointing me in the direction of the ONS video channel

This is really good on youth unemployment

http://www.youtube.com/user/onsstats#p/u/0/snSlT_3DUq4

a) How much of a problem is youth unemployment in the UK?

Tuesday, February 21, 2012

Monday, February 20, 2012

Unit 2: Japan's current account defecit

.......as got worse says

http://www.bbc.co.uk/news/business-17093255 the BBC
http://www.aljazeera.com/news/asia-pacific/2012/02/20122204728418987.html Aljazeera

a) Using the "evaluation " criteria we have gone through, comment on how much of a problem this deficit is for Japan

Sunday, February 12, 2012

Unit 1: Negative externalities from gold mining in Nigeria

From the BBC

http://www.bbc.co.uk/news/world-africa-16938914

a) State the negative externality and explain why it is a negative externality
b) What actions could the government take to reduce the negative externalities
c) How successful are such policies likely to be?

Unit 2: Is quantitative easing working?

An interesting argument from Ch4

http://www.youtube.com/watch?v=Z3IIcdCV2Xo&feature=player_embedded#!

Unit 1: Public goods videos

Thanks to tutor2u for these links to video clips illustrating public goods

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-public-goods-news-clips

Monday, February 06, 2012

Unit 1: Will the EU tradable permit scheme work?

Not if Countries refuse to participate as in the case of China, according to the BBC

http://www.bbc.co.uk/news/business-16901106

and a wider summary of the issue from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/china-bans-its-airlines-from-paying-eu-carbon-tax

a) What actions could the EU take to ensure that all airlines participate in the scheme, and how likely are they to take such actions?

Sunday, February 05, 2012

Unit 1: Should we tax carbon?

Great collection of videos from tutor2u on the topic

http://www.tutor2u.net/blog/index.php/economics/comments/unit-3-micro-video-resources-on-carbon-taxation

a) Using a diagram, explain how a tax on carbon would reduce the market failure
b) Using information from the video and what we've covered in the lesson, comment on how likely such a tax is likely to be in reducing the market failure

Unit 1: Is there information failure in the alcohol market?

The government evidently believes so as it launches this new public information campaign

http://www.bbc.co.uk/news/uk-16893933 video
http://www.bbc.co.uk/news/health-16869618 article

Saturday, February 04, 2012

Unit 2: Investment: RR opens a new manufacturing plant in Singapore

Nice clip from the BBC showing what investment actually is

http://www.bbc.co.uk/news/business-16865720

a) What effect would this investment have on UK GDP?

Friday, February 03, 2012

Unit 2: Comparing China and the USA: Data

Thanks to tutor2u for pointing me to this

http://www.mint.com/blog/trends/u-s-a-vs-china-122011/?display=wide

a) Giving resons, explain which country you would rather live in for the next 20 years

Wednesday, February 01, 2012

Unit 1: Actions to reduce market failure in the cigarette Market: Vending machine ban

It's coming in to force in Wales reports the BBC

http://www.bbc.co.uk/news/uk-wales-politics-16813794

a) To what extent do you believe this piece of legislation will reduce the market failure in the cigarette market?