Thanks to the Guardian
https://www.theguardian.com/environment/2017/dec/19/china-aims-to-drastically-cut-greenhouse-gas-emissions-through-trading-scheme?CMP=share_btn_tw
Sunday, December 24, 2017
Wednesday, December 20, 2017
Monday, December 18, 2017
Profit satisficing
Thanks for this summary from economicshelp
https://www.economicshelp.org/blog/136609/concepts/profit-satisficing/
https://www.economicshelp.org/blog/136609/concepts/profit-satisficing/
Saturday, December 16, 2017
Friday, December 15, 2017
Wednesday, December 13, 2017
Government failure
Great summary from tutor2u
https://www.economicshelp.org/microessays/market-failure/government-failure/
https://www.economicshelp.org/microessays/market-failure/government-failure/
Tuesday, December 12, 2017
Sunday, December 10, 2017
Friday, December 08, 2017
Firms who get caught not paying the minimum wage
Some big names in here offering feeble excuses
https://news.sky.com/story/sports-direct-and-primark-among-firms-shamed-on-pay-by-hmrc-11161132
https://news.sky.com/story/sports-direct-and-primark-among-firms-shamed-on-pay-by-hmrc-11161132
Thursday, December 07, 2017
Sunday, December 03, 2017
Saturday, December 02, 2017
How to increase Economic Growth
Thanks to economicshelp for this summary
https://www.economicshelp.org/blog/4493/economics/how-to-increase-economic-growth/
https://www.economicshelp.org/blog/4493/economics/how-to-increase-economic-growth/
Amazing tobbaco ads in the USA
Regulation finally enforces reports the Guardian
https://www.theguardian.com/business/2017/nov/26/tobacco-mea-culpa-companies-to-run-corrective-statements-on-smoking?CMP=share_btn_tw
https://www.theguardian.com/business/2017/nov/26/tobacco-mea-culpa-companies-to-run-corrective-statements-on-smoking?CMP=share_btn_tw
Thursday, November 30, 2017
Negative externalities from oil production
There may be many, but few as sad as this
http://www.bbc.co.uk/news/av/world-africa-42170954/is-crude-oil-killing-nigerian-children
http://www.bbc.co.uk/news/av/world-africa-42170954/is-crude-oil-killing-nigerian-children
Allocative eficiency in the banking industry
Thanks to Sky
https://news.sky.com/story/lloyds-and-yorkshire-building-society-confirm-branch-closures-11149054
and
https://news.sky.com/story/natwest-and-rbs-axe-hundreds-of-branches-and-jobs-11150947
and with the travel industry
https://news.sky.com/story/travel-agent-thomas-cook-plans-to-shut-50-stores-11151399
https://news.sky.com/story/lloyds-and-yorkshire-building-society-confirm-branch-closures-11149054
and
https://news.sky.com/story/natwest-and-rbs-axe-hundreds-of-branches-and-jobs-11150947
and with the travel industry
https://news.sky.com/story/travel-agent-thomas-cook-plans-to-shut-50-stores-11151399
Tuesday, November 28, 2017
Substitution of capital for labour
To increase productivity, reports the BBC
http://www.bbc.co.uk/news/av/technology-42158043/ocado-robot-picks-up-and-packs-supermarket-goods
http://www.bbc.co.uk/news/av/technology-42158043/ocado-robot-picks-up-and-packs-supermarket-goods
Saturday, November 25, 2017
Measures of Poverty
Thanks to economicshelp
https://www.economicshelp.org/blog/135495/labour-markets/measures-of-poverty/
https://www.economicshelp.org/blog/135495/labour-markets/measures-of-poverty/
Wednesday, November 22, 2017
Sunday, November 19, 2017
Friday, November 17, 2017
Thursday, November 16, 2017
Wednesday, November 15, 2017
Thursday, November 09, 2017
Sunday, November 05, 2017
Friday, November 03, 2017
Thursday, November 02, 2017
Interest rates rise
Winners and losers from Sky
http://news.sky.com/story/who-are-the-winners-and-losers-if-the-bank-of-england-raises-interest-rates-11108804 and http://news.sky.com/story/what-an-interest-rate-rise-means-for-you-11108751
and the BBC
http://www.bbc.co.uk/news/business-41831777
and a collection of articles on tutor2u
https://www.tutor2u.net/economics/blog/why-the-bank-of-england-has-raised-interest-rates?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%203rd%20November%202017&utm_content=Economics%20daily%20digest%20Fri%203rd%20November%202017+CID_6c9a4161311ef3263f7aef91dfaab89e&utm_source=CampMonitor&utm_term=Why%20the%20Bank%20of%20England%20has%20raised%20interest%20rates%20Inevitably%20there%20has%20been%20a%20deluge%20of%20media%20coverage%20of%20the%20first%20base%20rate%20rise%20for%20a%20decade%20-%20albeit%20a%20tiny%20step%20Here%20is%20our%20curation%20of%20some%20of
http://news.sky.com/story/who-are-the-winners-and-losers-if-the-bank-of-england-raises-interest-rates-11108804 and http://news.sky.com/story/what-an-interest-rate-rise-means-for-you-11108751
and the BBC
http://www.bbc.co.uk/news/business-41831777
and a collection of articles on tutor2u
https://www.tutor2u.net/economics/blog/why-the-bank-of-england-has-raised-interest-rates?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%203rd%20November%202017&utm_content=Economics%20daily%20digest%20Fri%203rd%20November%202017+CID_6c9a4161311ef3263f7aef91dfaab89e&utm_source=CampMonitor&utm_term=Why%20the%20Bank%20of%20England%20has%20raised%20interest%20rates%20Inevitably%20there%20has%20been%20a%20deluge%20of%20media%20coverage%20of%20the%20first%20base%20rate%20rise%20for%20a%20decade%20-%20albeit%20a%20tiny%20step%20Here%20is%20our%20curation%20of%20some%20of
Wednesday, November 01, 2017
Government to step in and regulate stakes on fixed-odds machines
Thanks to tutor2u
https://www.tutor2u.net/economics/blog/government-regulates-stakes-on-fixed-odds-machines?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%201st%20November%202017&utm_content=Economics%20daily%20digest%20Wed%201st%20November%202017+CID_7dfb0d6cba64127b1e044c5a6475b914&utm_source=CampMonitor&utm_term=Government%20regulates%20stakes%20on%20fixed-odds%20machines%20Dubbed%20the%20crack%20cocaine%20of%20gambling%20the%20government%20is%20to%20limit%20the%20maximum%20stake%20on%20controversial%20fixed%20odds%20betting%20machines
and Sky
http://news.sky.com/story/govt-cuts-stakes-on-crack-cocaine-betting-terminals-in-gambling-review-11106636
https://www.tutor2u.net/economics/blog/government-regulates-stakes-on-fixed-odds-machines?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%201st%20November%202017&utm_content=Economics%20daily%20digest%20Wed%201st%20November%202017+CID_7dfb0d6cba64127b1e044c5a6475b914&utm_source=CampMonitor&utm_term=Government%20regulates%20stakes%20on%20fixed-odds%20machines%20Dubbed%20the%20crack%20cocaine%20of%20gambling%20the%20government%20is%20to%20limit%20the%20maximum%20stake%20on%20controversial%20fixed%20odds%20betting%20machines
and Sky
http://news.sky.com/story/govt-cuts-stakes-on-crack-cocaine-betting-terminals-in-gambling-review-11106636
Tuesday, October 31, 2017
Historical interest rates
Thanks to the Guardian for this chart
https://www.theguardian.com/money/2017/oct/28/interest-rate-rise-affect-homeowners-savers-bank-of-england
https://www.theguardian.com/money/2017/oct/28/interest-rate-rise-affect-homeowners-savers-bank-of-england
Sunday, October 29, 2017
How important is the budget deficit?
Thanks for this 2-sided post from economicshelp
https://www.economicshelp.org/blog/7072/economics/how-important-is-the-budget-deficit/
https://www.economicshelp.org/blog/7072/economics/how-important-is-the-budget-deficit/
Saturday, October 28, 2017
Friday, October 27, 2017
Thursday, October 26, 2017
Tuesday, October 24, 2017
Monday, October 23, 2017
T-Charge: New London traffic charge comes into force
New "old diesel" charge in London
http://www.bbc.co.uk/news/uk-england-london-41695116
and from Sky
The idea explained
http://news.sky.com/story/t-charge-all-you-need-to-know-about-londons-new-anti-pollution-measure-11094729
and
http://news.sky.com/story/drivers-of-the-most-polluting-vehicles-face-2150-charge-to-enter-centre-of-london-11094609
and
http://news.sky.com/story/london-t-charge-for-most-polluting-vehicles-will-cost-taxpayers-7m-says-sadiq-khan-11094764
and this collection from tutor2u
https://www.tutor2u.net/economics/blog/10-t-charge-comes-into-force-in-london?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2024th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2024th%20October%202017+CID_3393acd384d6e9550d3d98a7ed433d37&utm_source=CampMonitor&utm_term=10%20T-Charge%20Comes%20into%20Force%20in%20London%20As%20of%20today%20a%20new%2010%20daily%20charge%20has%20come%20into%20force%20for%20older%20more%20toxic%20vehicles%20that%20drive%20into%20central%20London
http://www.bbc.co.uk/news/uk-england-london-41695116
and from Sky
The idea explained
http://news.sky.com/story/t-charge-all-you-need-to-know-about-londons-new-anti-pollution-measure-11094729
and
http://news.sky.com/story/drivers-of-the-most-polluting-vehicles-face-2150-charge-to-enter-centre-of-london-11094609
and
http://news.sky.com/story/london-t-charge-for-most-polluting-vehicles-will-cost-taxpayers-7m-says-sadiq-khan-11094764
and this collection from tutor2u
https://www.tutor2u.net/economics/blog/10-t-charge-comes-into-force-in-london?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2024th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2024th%20October%202017+CID_3393acd384d6e9550d3d98a7ed433d37&utm_source=CampMonitor&utm_term=10%20T-Charge%20Comes%20into%20Force%20in%20London%20As%20of%20today%20a%20new%2010%20daily%20charge%20has%20come%20into%20force%20for%20older%20more%20toxic%20vehicles%20that%20drive%20into%20central%20London
Saturday, October 21, 2017
Friday, October 20, 2017
Wednesday, October 18, 2017
Monday, October 16, 2017
Sunday, October 15, 2017
Economic systems revision grid
Thanks to econfix
https://econfix.wordpress.com/2017/10/15/as-revision-economic-systems-2/?t=1&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email&iid=0c1a97caac694c94932b29b3e37c1424&uid=625863503&nid=244+289476616
https://econfix.wordpress.com/2017/10/15/as-revision-economic-systems-2/?t=1&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email&iid=0c1a97caac694c94932b29b3e37c1424&uid=625863503&nid=244+289476616
Friday, October 13, 2017
Behavioural Economics has a Nobel Moment
Thanks to tutor2u
https://www.tutor2u.net/economics/blog/behavioural-economics-has-a-nobel-moment?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20October%202017&utm_content=Economics%20daily%20digest%20Thu%2012th%20October%202017+CID_40c5cd8159d789a9ecc2cd83688ff771&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20has%20a%20Nobel%20Moment%20Behavioural%20economics%20has%20received%20the%20ultimate%20accolade%20Richard%20Thaler%20of%20the%20University%20of%20Chicago%20Business%20School%20has%20been%20awarded%20the%20Nobel%20Prize%20in%20economics%20for%20his%20work%20in%20this%20area
and the More or less special accessed via
https://www.tutor2u.net/economics/blog/how-richard-thaler-changed-economics?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2016th%20October%202017&utm_content=Economics%20daily%20digest%20Mon%2016th%20October%202017+CID_40ce19c7efed0daffca7e79e6e751545&utm_source=CampMonitor&utm_term=How%20Richard%20Thaler%20Changed%20Economics%20In%20this%20special%20edition%20of%20More%20or%20Less%20Tim%20Harford%20explores%20the%20ways%20in%20which%20Professor%20Richard%20Thaler%20has%20changed%20the%20subject%20of%20Economics
https://www.tutor2u.net/economics/blog/behavioural-economics-has-a-nobel-moment?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Thu%2012th%20October%202017&utm_content=Economics%20daily%20digest%20Thu%2012th%20October%202017+CID_40c5cd8159d789a9ecc2cd83688ff771&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20has%20a%20Nobel%20Moment%20Behavioural%20economics%20has%20received%20the%20ultimate%20accolade%20Richard%20Thaler%20of%20the%20University%20of%20Chicago%20Business%20School%20has%20been%20awarded%20the%20Nobel%20Prize%20in%20economics%20for%20his%20work%20in%20this%20area
and the More or less special accessed via
https://www.tutor2u.net/economics/blog/how-richard-thaler-changed-economics?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%2016th%20October%202017&utm_content=Economics%20daily%20digest%20Mon%2016th%20October%202017+CID_40ce19c7efed0daffca7e79e6e751545&utm_source=CampMonitor&utm_term=How%20Richard%20Thaler%20Changed%20Economics%20In%20this%20special%20edition%20of%20More%20or%20Less%20Tim%20Harford%20explores%20the%20ways%20in%20which%20Professor%20Richard%20Thaler%20has%20changed%20the%20subject%20of%20Economics
Thursday, October 12, 2017
Wednesday, October 11, 2017
What next for behavioural economics?
Interesting article from Tim Harford
http://timharford.com/2014/04/what-next-for-behavioural-economics/
http://timharford.com/2014/04/what-next-for-behavioural-economics/
Tuesday, October 10, 2017
UK trade deficit hits record high
The news is not good. The lower £ doesn't appear to be having the expected impact
http://news.sky.com/story/uk-trade-deficit-hits-record-high-in-august-as-imports-jump-11074656
http://news.sky.com/story/uk-trade-deficit-hits-record-high-in-august-as-imports-jump-11074656
Labels:
Balance of Payments,
Exchange rates,
J curve
Legislation and fines in the water industry
If you break the law, you suffer the consequences, as explained by Sky
http://news.sky.com/story/water-firm-united-utilities-hit-with-300000-fine-over-contamination-11074970
http://news.sky.com/story/water-firm-united-utilities-hit-with-300000-fine-over-contamination-11074970
An even bigger container ship
The size of these behemoths continues to grow
http://www.bbc.co.uk/news/av/uk-england-suffolk-40362922/oocl-hong-kong-felixstowe-port-welcomes-world-s-biggest-ship
http://www.bbc.co.uk/news/av/uk-england-suffolk-40362922/oocl-hong-kong-felixstowe-port-welcomes-world-s-biggest-ship
Labels:
Economies of scale,
Productive efficiency,
Video
Behavioural Economics: Ricahrd Thaler wins Nobel Prize
Thanks to the BBC
http://www.bbc.co.uk/news/business-41549533
http://www.bbc.co.uk/news/business-41549753
http://www.bbc.co.uk/news/business-41550434
and http://www.bbc.co.uk/news/av/business-41557329/nobel-prize-winner-richard-thaler-on-nudge-theory-and-diet video
and these short videos from tutor2u
https://www.tutor2u.net/economics/blog/behavioural-economics-useful-short-lesson-videos-featuring-richard-thaler?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2010th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2010th%20October%202017+CID_e7c716f64882e6906b756ca358833701&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20-%20Useful%20Short%20Lesson%20Videos%20featuring%20Richard%20Thaler%20Lots%20of%20great%20coverage%20of%20the%20work%20of%20Richard%20Thaler%20following%20his%20well-deserved%20award%20of%20the%20Nobel%20Prize%20for%20Economics%20These%20short%20videos%20are%20well%20worth%20a%20watch
and Tim Harford
http://timharford.com/2017/10/why-thalers-nobel-is-a-well-deserved-nudge-for-behavioural-economics/
http://www.bbc.co.uk/news/business-41549533
http://www.bbc.co.uk/news/business-41549753
http://www.bbc.co.uk/news/business-41550434
and http://www.bbc.co.uk/news/av/business-41557329/nobel-prize-winner-richard-thaler-on-nudge-theory-and-diet video
and these short videos from tutor2u
https://www.tutor2u.net/economics/blog/behavioural-economics-useful-short-lesson-videos-featuring-richard-thaler?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Tue%2010th%20October%202017&utm_content=Economics%20daily%20digest%20Tue%2010th%20October%202017+CID_e7c716f64882e6906b756ca358833701&utm_source=CampMonitor&utm_term=Behavioural%20Economics%20-%20Useful%20Short%20Lesson%20Videos%20featuring%20Richard%20Thaler%20Lots%20of%20great%20coverage%20of%20the%20work%20of%20Richard%20Thaler%20following%20his%20well-deserved%20award%20of%20the%20Nobel%20Prize%20for%20Economics%20These%20short%20videos%20are%20well%20worth%20a%20watch
and Tim Harford
http://timharford.com/2017/10/why-thalers-nobel-is-a-well-deserved-nudge-for-behavioural-economics/
Thursday, October 05, 2017
Wednesday, October 04, 2017
Tuesday, October 03, 2017
Sunday, October 01, 2017
Thursday, September 28, 2017
Tuesday, September 26, 2017
Monday, September 25, 2017
Thursday, September 21, 2017
Virgin East Coast to auction empty first-class seats to standard ticket buyers
How will the price be determined? Thanks to the Guardian
https://www.theguardian.com/business/2017/sep/20/virgin-east-coast-auction-first-class-seats-bid-upgrade-price?CMP=twt_gu
https://www.theguardian.com/business/2017/sep/20/virgin-east-coast-auction-first-class-seats-bid-upgrade-price?CMP=twt_gu
Wednesday, September 20, 2017
The effect of tax cuts
Both macro and micro effects looked at in this economicshelp post
https://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/
https://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/
The sugar tax debate
Thanks to economicshelp for this 2 sided look at the issue
https://www.economicshelp.org/blog/14884/economics/sugar-tax-debate/
https://www.economicshelp.org/blog/14884/economics/sugar-tax-debate/
Saturday, September 16, 2017
Wednesday, September 13, 2017
Monday, September 11, 2017
Thursday, September 07, 2017
Tuesday, September 05, 2017
Friday, September 01, 2017
Thursday, August 31, 2017
Wednesday, August 30, 2017
Tuesday, August 29, 2017
Friday, August 25, 2017
Thursday, August 24, 2017
Wednesday, August 23, 2017
Saturday, August 19, 2017
Structural and voluntary unemployment
Thanks to economicshelp
structural http://www.economicshelp.org/blog/27657/unemployment/structural-unemployment/
voluntary http://www.economicshelp.org/blog/27673/concepts/voluntary-unemployment/
structural http://www.economicshelp.org/blog/27657/unemployment/structural-unemployment/
voluntary http://www.economicshelp.org/blog/27673/concepts/voluntary-unemployment/
Friday, August 18, 2017
Weak pound helps boost UK tourist numbers
....as would be expected, reports Sky
http://news.sky.com/story/weak-pound-helps-boost-uk-tourist-numbers-10994001
http://news.sky.com/story/weak-pound-helps-boost-uk-tourist-numbers-10994001
Friday, August 11, 2017
Thursday, August 10, 2017
Tuesday, August 08, 2017
Friday, August 04, 2017
Monday, July 31, 2017
Saturday, July 29, 2017
Thursday, July 27, 2017
Economic Growth UK
Thanks to economicshelp for updated data
http://www.economicshelp.org/blog/5843/economics/economic-growth-stats-2/
http://www.economicshelp.org/blog/5843/economics/economic-growth-stats-2/
Monday, July 24, 2017
Should the government intervene in the economy?
Thanks to economicshelp for this macro and micro explanation
http://www.economicshelp.org/blog/5735/economics/should-the-government-intervene-in-the-economy/
http://www.economicshelp.org/blog/5735/economics/should-the-government-intervene-in-the-economy/
Friday, July 21, 2017
The problem with printing money
In one word, inflation. Thanks to economicshelp
http://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/
http://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/
Thursday, July 20, 2017
The effect of speculators on the exchange rate
Clearly shown by this Sky article
http://news.sky.com/story/pound-tumbles-to-eight-month-low-against-the-euro-10955383
http://news.sky.com/story/pound-tumbles-to-eight-month-low-against-the-euro-10955383
Wednesday, July 19, 2017
Tuesday, July 18, 2017
Saturday, July 15, 2017
Thursday, July 13, 2017
Tuesday, July 11, 2017
The "gig" economy: Labour market issues
Great report from Ch4
https://www.channel4.com/news/gig-economy-workers-need-protection
and the BBC
http://www.bbc.co.uk/news/av/business-40564673/gig-economy-firms-should-pay-national-insurance-on-workers
and Ch4
https://www.channel4.com/news/gig-economy-report-calls-for-extra-rights-for-workers
https://www.channel4.com/news/gig-economy-workers-need-protection
and the BBC
http://www.bbc.co.uk/news/av/business-40564673/gig-economy-firms-should-pay-national-insurance-on-workers
and Ch4
https://www.channel4.com/news/gig-economy-report-calls-for-extra-rights-for-workers
Labels:
labour economics,
labour market issues,
Video
Sunday, July 09, 2017
Friday, July 07, 2017
Thursday, July 06, 2017
Wednesday, July 05, 2017
Falling UK 10 yr productivity
Great clip half way down this Sky report
http://news.sky.com/story/worst-decade-for-uk-productivity-since-napolean-10938330
and the BBC
http://www.bbc.co.uk/news/business-40504734
http://news.sky.com/story/worst-decade-for-uk-productivity-since-napolean-10938330
and the BBC
http://www.bbc.co.uk/news/business-40504734
Tuesday, July 04, 2017
Legislation: Age limits
Thanks to the BBC for making it clear-ish
http://www.bbc.co.uk/news/av/uk-politics-40494096/age-limits-on-drinking-having-sex-getting-married-and-being-arrested
http://www.bbc.co.uk/news/av/uk-politics-40494096/age-limits-on-drinking-having-sex-getting-married-and-being-arrested
Monday, July 03, 2017
What's behind low productivity?
Thanks to tutor2u
https://www.tutor2u.net/economics/blog/whats-behind-low-productivity-and-flatlining-pay?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%201st%20July%202017&utm_content=Economics%20daily%20digest%20Sat%201st%20July%202017+CID_806e6293610136d68919702b9c2aca54&utm_source=CampMonitor&utm_term=Whats%20behind%20low%20productivity%20and%20flatlining%20pay%20Newsnight%20interviews%20Andy%20Haldane%20Chief%20Economist%20of%20the%20Bank%20of%20England%20on%20the%20contributory%20causes%20of%20the%20flat-lining%20of%20pay%20over%20the%20last%20ten%20years%20Why%20has%20productivity%20stalled%20Haldane
and the Guardian
https://www.theguardian.com/business/2017/jun/21/productivity-crisis-uk-real-wage-growth?CMP=share_btn_tw
https://www.tutor2u.net/economics/blog/whats-behind-low-productivity-and-flatlining-pay?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%201st%20July%202017&utm_content=Economics%20daily%20digest%20Sat%201st%20July%202017+CID_806e6293610136d68919702b9c2aca54&utm_source=CampMonitor&utm_term=Whats%20behind%20low%20productivity%20and%20flatlining%20pay%20Newsnight%20interviews%20Andy%20Haldane%20Chief%20Economist%20of%20the%20Bank%20of%20England%20on%20the%20contributory%20causes%20of%20the%20flat-lining%20of%20pay%20over%20the%20last%20ten%20years%20Why%20has%20productivity%20stalled%20Haldane
and the Guardian
https://www.theguardian.com/business/2017/jun/21/productivity-crisis-uk-real-wage-growth?CMP=share_btn_tw
Pub smoking ban: 10 charts that show the impact
Fantastic article from the BBC
http://www.bbc.co.uk/news/health-40444460
and more from tutor2u
https://www.tutor2u.net/economics/blog/10-years-on-from-the-smoking-ban?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%203rd%20July%202017&utm_content=Economics%20daily%20digest%20Mon%203rd%20July%202017+CID_91a4f439142a6c63b71d1447bf924f15&utm_source=CampMonitor&utm_term=10%20Years%20on%20from%20the%20Smoking%20Ban%20A%20decade%20ago%20a%20law%20came%20into%20force%20in%20England%20that%20made%20it%20illegal%20to%20smoke%20in%20enclosed%20public%20places%20What%20impact%20has%20the%20regulation%20had%20on%20levels%20of%20smoking
http://www.bbc.co.uk/news/health-40444460
and more from tutor2u
https://www.tutor2u.net/economics/blog/10-years-on-from-the-smoking-ban?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%203rd%20July%202017&utm_content=Economics%20daily%20digest%20Mon%203rd%20July%202017+CID_91a4f439142a6c63b71d1447bf924f15&utm_source=CampMonitor&utm_term=10%20Years%20on%20from%20the%20Smoking%20Ban%20A%20decade%20ago%20a%20law%20came%20into%20force%20in%20England%20that%20made%20it%20illegal%20to%20smoke%20in%20enclosed%20public%20places%20What%20impact%20has%20the%20regulation%20had%20on%20levels%20of%20smoking
Labels:
Actions to correct market failure,
leg,
Regulation
Monday, June 26, 2017
US farmers say sand mining destroying environment
Both positive and negative externalities, as Aljazeera reports
http://video.aljazeera.com/channels/eng/videos/us-farmers-say-sand-mining-destroying-environment/5483191594001
http://video.aljazeera.com/channels/eng/videos/us-farmers-say-sand-mining-destroying-environment/5483191594001
Sunday, June 25, 2017
Diagrams from tutor2u
Micro https://www.tutor2u.net/economics/reference/microeconomics-diagram-in-your-pocket?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%205th%20June%202017&utm_content=Economics%20daily%20digest%20Mon%205th%20June%202017+CID_d89012ebe2cbcaebdd2e17cc73e7d46e&utm_source=CampMonitor&utm_term=Microeconomics%20-%20Diagram%20in%20your%20pocket%20Study%20notes%20Heres%20a%20set%20of%20diagrams%20to%20support%20revising%20students%20taking%20their%20A%20level%20exam%20in%20microeconomics%20There%20is%20a%20set%20of%2026%20diagrams%20split%20into%20the%20sub-topics%20of%20Production%20Possibility%20Frontiers
Business/Yr 2 https://www.tutor2u.net/economics/reference/business-economics-diagram-in-your-pocket?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%205th%20June%202017&utm_content=Economics%20daily%20digest%20Mon%205th%20June%202017+CID_d89012ebe2cbcaebdd2e17cc73e7d46e&utm_source=CampMonitor&utm_term=Business%20Economics%20-%20Diagram%20in%20your%20Pocket%20Revision%20quizzes%20Here%20is%20a%20quick%20revision%20tool%20for%20a%20large%20selection%20of%20diagrams%20used%20for%20Business%20Economics%20in%20micro%20papers%20or%20synoptic%20paper%203%20at%20A%20Level
Business/Yr 2 https://www.tutor2u.net/economics/reference/business-economics-diagram-in-your-pocket?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Mon%205th%20June%202017&utm_content=Economics%20daily%20digest%20Mon%205th%20June%202017+CID_d89012ebe2cbcaebdd2e17cc73e7d46e&utm_source=CampMonitor&utm_term=Business%20Economics%20-%20Diagram%20in%20your%20Pocket%20Revision%20quizzes%20Here%20is%20a%20quick%20revision%20tool%20for%20a%20large%20selection%20of%20diagrams%20used%20for%20Business%20Economics%20in%20micro%20papers%20or%20synoptic%20paper%203%20at%20A%20Level
Russ Roberts' Wonderful Loaf
I'm going to use this to introduce the free market/invisible hand at the start of next year as it's brilliant!
http://wonderfulloaf.org/
http://wonderfulloaf.org/
Labels:
Free Market,
Invisible hand,
Price and equilibrium,
Video
Saturday, June 24, 2017
Friday, June 23, 2017
Thursday, June 22, 2017
Tuesday, June 20, 2017
Sunday, June 18, 2017
Saturday, June 17, 2017
Tesco fined £8m over 'massive' pollution incident
If you have legislation, you have to enforce it and i think this fine might act as a deterrent
http://news.sky.com/story/tesco-fined-1638m-over-massive-pollution-incident-10917312
http://news.sky.com/story/tesco-fined-1638m-over-massive-pollution-incident-10917312
Wednesday, June 14, 2017
Friday, June 09, 2017
Wednesday, June 07, 2017
Thursday, June 01, 2017
Sunscreen: A case of information failure?
Interesting article from the Guardian
https://www.theguardian.com/uk-news/2017/may/27/britons-risk-sunburn-skin-damage?CMP=share_btn_tw
https://www.theguardian.com/uk-news/2017/may/27/britons-risk-sunburn-skin-damage?CMP=share_btn_tw
Wednesday, May 31, 2017
Demand for a good and the price of substitutes
Decreasing demand for coal fired power and increasing demand for solar power in India, reports tutor2u
https://www.tutor2u.net/economics/blog/india-scraps-plans-for-coal-plants-as-cost-of-solar-collapses?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2031st%20May%202017&utm_content=Economics%20daily%20digest%20Wed%2031st%20May%202017+CID_d90069d2c9e3c8d462d28271d6383abb&utm_source=CampMonitor&utm_term=India%20scraps%20plans%20for%20coal%20plants%20as%20cost%20of%20solar%20collapses%20The%20shift%20towards%20solar%20power%20as%20an%20affordable%20source%20of%20renewable%20energy%20seems%20to%20be%20gathering%20pace%20Economies%20of%20scale%20are%20lowering%20the%20unit%20cost%20of%20solar%20power%20and%20this
or cinema and Netflix/Amazon
https://www.theguardian.com/media/2017/jun/14/netflix-amazon-uk-cinema-box-office-film-dvd-blu-ray-pwc
https://www.tutor2u.net/economics/blog/india-scraps-plans-for-coal-plants-as-cost-of-solar-collapses?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Wed%2031st%20May%202017&utm_content=Economics%20daily%20digest%20Wed%2031st%20May%202017+CID_d90069d2c9e3c8d462d28271d6383abb&utm_source=CampMonitor&utm_term=India%20scraps%20plans%20for%20coal%20plants%20as%20cost%20of%20solar%20collapses%20The%20shift%20towards%20solar%20power%20as%20an%20affordable%20source%20of%20renewable%20energy%20seems%20to%20be%20gathering%20pace%20Economies%20of%20scale%20are%20lowering%20the%20unit%20cost%20of%20solar%20power%20and%20this
or cinema and Netflix/Amazon
https://www.theguardian.com/media/2017/jun/14/netflix-amazon-uk-cinema-box-office-film-dvd-blu-ray-pwc
Tuesday, May 30, 2017
Monday, May 29, 2017
Sunday, May 28, 2017
Saturday, May 27, 2017
Net migration falls in 2016....
Thanks to the BBC
Labels:
labour economics,
labour market issues,
migration
Wednesday, May 24, 2017
Tuesday, May 23, 2017
Chinese tariffs on sugar
So reports Reuters
http://www.reuters.com/article/us-china-sugar-imports-idUSKBN18I060
and tutor2u
https://www.tutor2u.net/economics/blog/china-defends-higher-import-tariffs-on-sugar?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2026th%20May%202017&utm_content=Economics%20daily%20digest%20Fri%2026th%20May%202017+CID_b6f8f93619aedfd92d058657aefdd63d&utm_source=CampMonitor&utm_term=China%20defends%20higher%20import%20tariffs%20on%20sugar%20Brazilian%20sugar%20exports%20are%20most%20likely%20to%20be%20affected%20by%20this%20Chinese%20tariff%20on%20sugar%20imports%20The%20usual%20demand-supply%20analysis%20framework%20and%20welfare%20issues%20can%20be%20applied%20to%20this%20decision
http://www.reuters.com/article/us-china-sugar-imports-idUSKBN18I060
and tutor2u
https://www.tutor2u.net/economics/blog/china-defends-higher-import-tariffs-on-sugar?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2026th%20May%202017&utm_content=Economics%20daily%20digest%20Fri%2026th%20May%202017+CID_b6f8f93619aedfd92d058657aefdd63d&utm_source=CampMonitor&utm_term=China%20defends%20higher%20import%20tariffs%20on%20sugar%20Brazilian%20sugar%20exports%20are%20most%20likely%20to%20be%20affected%20by%20this%20Chinese%20tariff%20on%20sugar%20imports%20The%20usual%20demand-supply%20analysis%20framework%20and%20welfare%20issues%20can%20be%20applied%20to%20this%20decision
Monday, May 22, 2017
Saturday, May 20, 2017
New smoking restrictions
The day for plain packaging has finally arrived and the demise of the 10 pack
http://video.aljazeera.com/channels/eng/videos/uk%3A-new-cigarette-packaging-aims-to-burn-out-smoking/5442676396001
http://www.bbc.co.uk/news/uk-39984887
https://www.theguardian.com/business/2017/may/19/stricter-cigarette-packaging-rules-come-into-force-in-uk
http://video.aljazeera.com/channels/eng/videos/uk%3A-new-cigarette-packaging-aims-to-burn-out-smoking/5442676396001
http://www.bbc.co.uk/news/uk-39984887
https://www.theguardian.com/business/2017/may/19/stricter-cigarette-packaging-rules-come-into-force-in-uk
Friday, May 19, 2017
Wednesday, May 17, 2017
Friday, May 05, 2017
Wednesday, May 03, 2017
Monday, May 01, 2017
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