Saturday, December 27, 2014

Sectors of the economy

Nice summary from economicshelp
http://www.economicshelp.org/blog/12436/concepts/sectors-economy/

Supply and demand: The Californian egg market

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/changes-in-the-californian-egg-market

Market structures in transport: Singapore

Thanks to tutor2u for this great video


http://www.tutor2u.net/blog/index.php/economics/comments/market-structures-in-transport

Using monetary policy to influence exchange rates: Russia

Great example from Russia, but will it work in the long run if other factors are leading to a decrease in the demand for roubles?


http://news.sky.com/story/1392617/russia-ramps-up-rate-to-17-percent-to-boost-rouble


This could be the doomsday scenario for Russia
http://news.sky.com/story/1392871/rouble-woes-six-stages-of-a-currency-crisis

Saturday, December 13, 2014

Legislation: scotland lowers the drink drive limit

.....and, if you believe this BBC clip, it will be strongly enforced. Will it reduce the market failure?


http://www.bbc.co.uk/news/uk-30341649

The rising demand for air crew in China

Interesting clip from Aljazeera


http://bcove.me/zt9yzita

How good is legislation at reducing market failure?

Not much use at all unless it is enforced which is not the case in the logging industry in Peru


http://bcove.me/zk2mrs8g