Why might a subsidy not be effective in reducing market failure?

A sobering clip from the BBC explaining the role of subsidies in reducing the market failure associated with inequality of incomes
http://www.bbc.co.uk/news/business-33109040

Minimum milk prices in the USA and the effect of selling the oversupply on the Jamaican milk industry

Interesting case study


http://pulitzercenter.org/reporting/jamaica-milk-production-industry-imported-powder

Is the government's proposal to ban legal highs the right way forward?

Sky news explains the proposals
http://news.sky.com/story/1492430/legal-highs-crackdown-dealers-face-prison
Here's a good discussion from Ch4


https://www.youtube.com/watch?v=nWMS67MRNjY


What will be banned? This Guardian article outlines the categories, the last one of which may turn out to be an example of government failure


http://www.theguardian.com/society/2015/may/29/legal-highs-what-drugs-will-be-banned

Market failure: Binge drinking in Magaluf

Legislation seems to be the order of the day, but how easy will it be to enforce?


http://www.bbc.co.uk/newsbeat/article/33061788/new-magaluf-drinking-laws-kick-in-but-what-are-they

Drought hit California: The tragedy of the commons

Every farmer needs the water but as each takes what they need, the problem worsens, reports the BBC
http://www.bbc.co.uk/news/world-us-canada-33120855

The effect of a budget surplus

Thanks to economicshelp for this
http://www.economicshelp.org/blog/14011/debt/effects-of-a-budget-surplus/

Market failure: Income inequality

A thought provoking video


https://www.youtube.com/watch?v=Oj2LA8rEqQ4


This full length documentary on the issue is fascinating
https://www.youtube.com/watch?v=0NdDupITDv8

Market failure: The tragedy of the commons

Nice explanatory videos
I like this one best https://www.youtube.com/watch?v=lwaNZgY9PCQ but you may prefer https://www.youtube.com/watch?v=MLirNeu-A8I
This is longer (and fairly right wing) but has some good points
https://www.youtube.com/watch?v=B0vmP7HoFI4

Legislation is one thing; enforcement another

So it appears from this BBC report and clip
http://www.bbc.co.uk/news/world-asia-32954884


http://www.bbc.co.uk/news/world-asia-china-32933819

The demand for motorbikes in India

.....and motorbike clothing. The BBC reports


http://www.bbc.co.uk/news/business-33017249

Why India is cutting interest rates

Nice clip on monetary policy objectives from the BBC


http://www.bbc.co.uk/news/business-32969042

How to reduce smoking?

Information provision may be the key, reports the BBC and Sky, possibly funded by a new tax on tobacco profits


http://www.bbc.co.uk/news/health-33075217 BBC
http://news.sky.com/story/1499287/tobacco-firms-should-pay-to-help-smokers-stop Sky

A2 Economics glossary

.....from tutor2u
http://www.slideshare.net/tutor2u/tutor2u-a2-macroeconomics-glossary

Nudging to Achieve Behavioural Change

Thanks to tutor2u for this
http://beta.tutor2u.net/economics/blog/nudging-to-achieve-behavioural-change

Limitations to GDP as an Economic Indicator

Thanks to tutor2u for this
 http://beta.tutor2u.net/economics/blog/storify-limitations-to-gdp-as-an-economic-indicator