Tuesday, August 31, 2021

The impact of increasing the minimum wage in the USA

 Thanks to econfix for this analysis

https://econfix.wordpress.com/2021/09/01/us-minimum-wage-increase-does-it-mean-more-job-losses-2/

Leaded petrol: A great example of government action to reduce negative externalities

 Thanks to the BBC

https://www.bbc.co.uk/news/world-58388810

Monday, August 30, 2021

Key terms for unit 1 and unit 2

 No glossary is ideal, but if you want a starting point you can use these from tutor2u. Click the "download" button on each page

Unit 1 https://www.tutor2u.net/economics/reference/edexcel-alevel-economics-key-term-glossary-theme-1

Unit 2 https://www.tutor2u.net/economics/reference/edexcel-alevel-economics-key-term-glossary-theme-2

Declining negative externalities: Gay men can donate blood

 Thanks to the BBC

https://www.bbc.co.uk/news/av/uk-57469036

Traffic pollution and negative externalities

 Easy to see who the 3rd parties are in this BBC clip

https://www.bbc.co.uk/news/av/uk-57203122

The microchip market

 Rising demand and inelastic supply. Thanks to the BBc

https://www.bbc.co.uk/news/av/business-56943292

Diesel cars: The private and social cost of driving

 Thanks to econhelp for this

https://www.economicshelp.org/blog/166576/economics/pros-and-cons-of-charging-diesel-cars-for-driving-in-city-centres/

PED revision

 Nice summary from econfix

https://econfix.wordpress.com/2021/08/30/as-economics-price-elasticity-of-demand-2/

Mixed economy mindmap

 Thanks to econfix

https://econfix.wordpress.com/2021/08/22/as-economics-mixed-economy-mindmap/

Sunday, August 29, 2021