Saturday, July 28, 2012

Unit 1: Will a waste recycling facility lead to negative externalities?

You decide after watching this BBC Wales clip

Thursday, July 26, 2012

Unit 1: Flu vaccine for all children in UK

A major policy decision by the UK government

a) Explain, with examples, the private costs and benefits of this policy
b) Explain the positive externalities associated with this policy
c) What type of market failure is this policy trying to counter?
d) Using a diagram, explain how this policy will reduce the market failure in the vaccine market

Unit 2: UK recession worsens

....according to the preliminary data for the last quarter Ch4 inc video BBC BBC BBC

Tuesday, July 24, 2012

Unit 2: How happy are you? The National Wellbeing survey results are out

....and might add to the stark GDP per capita figure as a measure of economic wellbeing

The data is from the Guardian and the BBC Guardian BBC

Sunday, July 22, 2012

Unit 1: Nepal cracks down on drink driving

....according to Aljazeera

a) Why is drink driving an example of market failure?
b) Comment on the likely success of the zero alcohol policy in reducing the market failure

Unit 1: Negative externalities from gold mining in Nigeria

A deeply depressing report from Aljazeera

a) Using economic theory, explain how the unregulated mining industry isfailing in Nigeria
b) Discuss alternative strategies the Nigerian government could take to reduce the market failure

Saturday, July 21, 2012

Unit 1: The impact of the USA corn crop failing

....can be large, say Aljazeera

a) Using a S&D diagram, explain the likely effect of this drought on US corn prices
b) Using a S&D diagram, explain the effect on corn related proucts such as foodstuffs and biofuel

Unit 1: Alcohol ban on scottish trains

...according to the BBC

a) Using economic theory, explain why this ban has been put in place
b) Comment on the likely succes of the policy in reducing market failure

Friday, July 20, 2012

Unit 1: How far should the alcohol market be regulated?

As much as the tobacco industry? That appears to be the direction MP's are suggesting in this BBC video

a) How does the free market for alcohol fail?
b) To what extent would these new proposals reduce the market failure?

Thursday, July 19, 2012

Unit 2: How well is the Australian econmy doing?

A mixed picture behind the encouraging headline data, reports the BBC

Unit 2: The costs of unemployment shown by NEETS in Huddersfield (BBC video)

Unit 2: An investment boost for the UK economy?

Apparently so according to a Government announcement Sky BBC

...but this isn't the government spending; they're promising to underwrite projects, not pay for them

Tuesday, July 17, 2012

Unit 1: Laws to ensure e-waste is recycled

Thanks to tutor2u for finding this Aljazeera video

a) What is the market failure that has lead to the introduction of this EU law?
b) Comment on the likely success of the policy in reducing the market failure

Unit 2: UK inflation falls to a 31 month low

.....according to Sky news and the BBC sky BBC article BBC video

and timetric have the latest data visually

Sunday, July 15, 2012

Unit 1: positive and negative externalities from rubbish

Nice clip from Aljazeera about rubbish disposable in Brazil

a) Using examples from the video clip, explain positive and negative externalities that arise from Rubbish disposal methods in Brazil

Test post to twitter

Thursday, July 12, 2012

Saturday, July 07, 2012

Unit 2: The £ appreciates against the Euro

.....ta a 4 year high, according to the BBC

a) Using a suitable diagram, explain why the £ has appreciated against the Euro
b) Who benefits and who loses in the UK from this appreciation of the £?

Unit 2: China cuts interest rates

....according to the BBC

a) Explain how this cut in interest rates should lead to increased economic growth in China
b) Comment on how successful this policy is likely to be in achieving the objective

Unit 1: Economics and the death penalty

Regardless of the moral arguments, the economics of California operating a death penalty is under scrutiny, reports the BBC

a) Using the concept of opportunity cost, explain why some Californians might like to see the death penalty abolished

Unit 1: The PED for plastic bags in Wales

An interesting post from tutor2u on the impact of a 5p per bag charge on non-reusable plastic bags in Wales

a) To what extent does the demand for plastic bags in Wales appear to be price elastic?
b) Given this data, comment on whether the policy should be extended to the rest of the UK

Unit 2: Increasing duration of unemployment in the USA

A disturbing post from Planet Money

a) Explain why this increasing length of unemployment  means unemployment is a growing problem for the US government
b) Comment on the most appropriate action the US government could take to reduce the number of long term unemployed

Wednesday, July 04, 2012

Unit 2: The London Olympics and the multiplier effect explained by Sky

and this BBC video

and this BBC audio clip

a) Explain how the hosting of the Olympics will have a multiplier effect on the economy
b) Discuss how will this effect the Governments 4 macroeconomic objectives

Sunday, July 01, 2012

Unit 2: GDP per capita in Europe

Anforme have this great comparative data showing the huge disparity in GDP per capita within the EU

Unit 1: Australia launches a carbon tax

Thanks to tutor2u for this post with links to 2 further BBC stories

and from Aljazeera

a) Discuss the pros and cons of introducing a carbon tax to reduce the failings of the free market

Unit 1: Regulation to overcome information failure: Car tyres

Interesting clip from the BBC