Unit 2: Income equality; the effects of taxes and benefits

Good data source from the guardian


http://www.theguardian.com/news/datablog/2014/jun/26/is-wealth-being-distributed-fairly-through-benefits-and-taxation

Unit 1: The opportunity cost of watching Gangnam style

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/what-gangnam-style-represents-in-opportunity-cost-terms

Unit 1: Substitution of factors of production

From labour to capital in Singapore reports the BBC


http://www.bbc.co.uk/news/business-27932240#

Unit 1: Information failure in the statins market

I'm 56 so should I see my Doc to be put on statins? This BBC clip is a classic example of information failure because if the doctors don't agree, how should I decide?


http://www.bbc.co.uk/news/health-27790483#

Unit 1: Economic goods and free goods

Thanks to economicshelp for this


http://www.economicshelp.org/blog/11226/concepts/economic-goods-definition-and-examples/

Unit 2: Fiscal policy in action: The Laffer curve and corporation tax rates

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/the-laffer-curve-and-uk-corporation-tax

Unit 1 Dynamic eficiency: Uber v black cabs

Nice summary from the FT




https://www.youtube.com/watch?v=6FpTnHkyh60


and the BBC


http://www.bbc.co.uk/news/technology-27733967

Unit 1: Russia begins to control smoking

This clip explains the problem


http://www.bbc.co.uk/news/world-europe-22726284


and this one the latest action; a ban on smoking in public places


http://www.bbc.co.uk/news/world-europe-27751978#

Unit 2: What's the link between economic growth and the level of unemployment?

Pretty clear in the USA reports Sky


http://news.sky.com/story/1276937/us-recovers-8-7-million-jobs-lost-in-recession

Unit 1: How should the government deal with highly polluting diesel cars?

Should you pay people to take them off the streets? That's what this Sky news report suggests


http://news.sky.com/story/1276671/rac-demands-dirty-diesel-scrappage-scheme

Unit 2: How could negative interest rates boost the European economy?

Here's the theory from the BBC


http://www.bbc.co.uk/news/world-europe-27723199#
and Jonny Clarke fro tutor2u
https://docs.google.com/file/d/0B4SW-aHq0BqTTFVEQzBSeU5uckk/edit

Unit 1: Can food waste generate positive externalities?

It would seem so from this BBC clip


http://www.bbc.co.uk/news/uk-27686225#

Unit 2: Fiscal policy in Spain

....or is it a mix of Fiscal and Supply side policies?


http://www.bbc.co.uk/news/business-27656152#

Unit 2: Inflation: Advantages and disadvantages

Thanks to economicshelp for this summary


http://www.economicshelp.org/blog/315/inflation/inflation-advantages-and-disadvantages/

Unit 2: Negative effects of unemployment in Spain

Child poverty, reports Aljazeera


http://bcove.me/cpz7slyl

Unit 2: The multiplier effect of building a prison

A £23m a year injection to  the Wrexham area, if you believe this politician


http://www.bbc.co.uk/news/uk-wales-27640797#

Unit 2: Youth unemployment in Portugal

Thanks to tutor2u for this Aljazeera clip


http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-fears-for-portugals-lost-generation

Unit 2: Problems with measuring GDP

One issue normally raised is the problem of the informal, or black, economy


It seems the ONS is trying to include some of that unrecorded activity, according to Sky




http://news.sky.com/story/1271385/drugs-and-prostitution-worth-10bn-annually


and the Guardian
http://www.theguardian.com/news/datablog/2014/may/29/drugs-and-prostitution-contributed-almost-10bn-economy-in-2009


and this tutor2u summary
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-sex-and-drugs-included-in-measured-uk-gdp
and the BBC
http://www.bbc.co.uk/news/blogs-magazine-monitor-27627132#
and tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/the-value-of-drugs-and-prostitution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:15:17:00Z