Tuesday, July 30, 2013

Unit 1: Negative externalities from a new Alaskan copper mine

Great clip from the BBC raising many, many issues


.....and more on the salmon industry in Bristol Bay


Unit 1: The price of coffee

Thanks to tutor2u for this post on supply side reasons why the price of coffee beans is falling, including an FT video


So, why isn't the price of a cup of coffee on the high street falling?

Unit 2: UK GDP data and analysis

From the Guardian


Sunday, July 28, 2013

Unit 1: The falling cost of car insurance

....is due to less legal claims for whiplash, apparently


a) Using a S&D diagram, explain why the price of car insurance has decreased

Unit 1: The opportunity cost of the Meningitis B vaccine

The rejection of the meningitis B vaccine  for the UK highlights many basic issues in economics, scarce resources, unlimited wants, choices, opportunity cost, the validity of data.........

http://www.bbc.co.uk/news/uk-23437251# video
http://www.bbc.co.uk/news/health-23422973# article

Unit 1: How much does the weather effects the supply of English wine?

A lot, according to this Ch4 video


Thursday, July 25, 2013

Unit 2: UK growth in GDP

Is this the start of a recovery?

Interesting video from Ch4 with a great graph at around 4.25 showing how different sectors of the economy have done since the downturn in 2008


and the BBC


Wednesday, July 24, 2013

Saturday, July 20, 2013

Unit 1: Actions to reduce the negative externalities from excessive alcohol consumption

For women born in the 70's the private costs appear to be high


a) Evaluate the alternative measures government could take to reduce the death rate in this age group

Thursday, July 18, 2013

Un it 1: What will the level of demand be for a hydrogen fuelled car?

Hyundai intend to launch one in 2015 according to the BBC


a) Using demand theory, explain what will determine the level of demand for these hydrogen fuelled cars

Unit 2: A mixed picture re UK unemployment

Overall, the UK number is down


...but in Scotland it's rising


...and long term unemployment is at its highest rate since 1996


Unit 1: Rubbish on the beach: Negative externalities

Depressing behaviour leading to negative externalities


a) What could the government do to reduce the negative externalities?

Unit 2: The benefits cap: A supply side policy

Details from the BBC

http://www.bbc.co.uk/news/business-23311578# video
http://www.bbc.co.uk/news/business-23306092 article

...but how successful will it be? Some really good evaluation in the report

Unit 2: Smog eating pavements

....which appear to have positive externalities associated with them


Tuesday, July 16, 2013

Sunday, July 14, 2013

Unit 1: Demerit goods: The government drops plans for a minimum unit alcolol pricing scheme

Thanks to the BBC for this summary


Unit 2: If you thought Greece's unemployment couldn't get any worse...

....you'd be wrong: The latest data shows U at 27.4% and this video shows one of the consequences; the exodus of the young and skilled


Unit 2: Economic growth in the EU: Data

Thanks to economics help for this


Unit 1: Demerit goods: The government steps back from further regulation of the tobacco industry

Thanks to Sky news


and the BBC


Unit 1: Falling demand for PC's

....due to better substitutes becoming available. A nice summary from tutor2u


Unit 1: Negative externalities in China

Thanks to tutor2u for this post covering air pollution and pork production


and this from the BBC on air pollution


Sunday, July 07, 2013

Thursday, July 04, 2013

Unit 1: Extracting iron ore

Great short clip from the BBC showing the fop in action


Unit 1: Legislation in Wales to supply more organs

As ever, Wales leads the world to increase the supply of donor organs......an example of merit goods?