Saturday, December 27, 2014

Sectors of the economy

Nice summary from economicshelp

Supply and demand: The Californian egg market

Thanks to tutor2u for this

Market structures in transport: Singapore

Thanks to tutor2u for this great video

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?

This could be the doomsday scenario for Russia

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?

The rising demand for air crew in China

Interesting clip from Aljazeera

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