Differing standards; a form of protectionism?

This BBC clip shows the limitations on the free trade in cars worldwide


http://www.bbc.co.uk/news/business-31101842#

Currency pegs around the world

Thanks to tutor2u for this link to the Economist


http://beta.tutor2u.net/economics/blog/currency-pegs-around-the-world

Differing wages in the labour market

A nice tool from the BBC which compares your wage, in a variety of ways, to that of top footballers


http://www.bbc.co.uk/news/world-31110113

slideshares to sort

indirect taxes
http://www.slideshare.net/tutor2u/tutor2u-government-intervention-indirect-taxes
subsidies
http://www.slideshare.net/tutor2u/tutor2u-government-intervention-subsidies
maximum prices
http://www.slideshare.net/tutor2u/tutor2u-government-intervention-maximum-prices
minimum prices
http://www.slideshare.net/tutor2u/tutor2u-government-intervention-minimum-prices
buffer stock
http://www.slideshare.net/tutor2u/tutor2u-government-intervention-buffer-stock-schemes
Efficiency
http://www.slideshare.net/tutor2u/tutor2u-economic-efficiency
labour market
http://www.slideshare.net/tutor2u/tutor2u-labour-market-economics
housing market
http://www.slideshare.net/tutor2u/tutor2u-aspects-of-the-uk-housing-market
externalities of prod and con
http://www.slideshare.net/tutor2u/tutor2u-externalities-from-production-and-consumption
Neg ext
http://www.slideshare.net/tutor2u/tutor2u-market-failure-negative-externalities
pos ext
http://www.slideshare.net/tutor2u/tutor2u-market-failure-positive-externalities
info fail
http://www.slideshare.net/tutor2u/tutor2u-market-failure-information-failures
public goods
http://www.slideshare.net/tutor2u/tutor2u-market-failure-public-goods
merit goods
http://www.slideshare.net/tutor2u/tutor2u-market-failure-merit-goods
demerit goods
http://www.slideshare.net/tutor2u/tutor2u-market-failure-demerit-goods
factor immobility
http://www.slideshare.net/tutor2u/tutor2u-market-failure-factor-immobility
monopoly power
http://www.slideshare.net/tutor2u/tutor2u-market-failure-factor-immobility
income and wealth inequality
http://www.slideshare.net/tutor2u/tutor2u-market-failure-wealth-and-income-inequality
govt fail
http://www.slideshare.net/tutor2u/tutor2u-market-failure-government-failure

How technology can increase productivity: The half mile long train

Great report from the BBC on the effect of automating tasks. The last sentence says the job is reduced from 12 years to 2


http://www.bbc.co.uk/news/uk-31010111#

The costs of increasing car ownership

Summarised in under a minute by this BBC report on car ownership in China


http://www.bbc.co.uk/news/world-asia-31065433#

The measles outbreak in California; a case of information failure?

Why do more affluent parents in California not immunise their children? Could it be a case of information failure asks this BBC clip
http://www.bbc.co.uk/news/world-us-canada-31034379#

Market failure; smoking in pregnancy

Are financial incentives the way to reduce the market failure (ie negative externalities in the form of harm to the unborn child)? Maybe, this small scale trial reported by the BBC suggests


http://www.bbc.co.uk/news/health-31015747#

Speed cameras; actions to reduce market failure

Reduced accidents (ie negative externalities) resulting from this scheme in Scotland, report the BBC


http://www.bbc.co.uk/news/uk-scotland-30982498#

Policies to solve the problem of deflation/low inflation

Thanks to economicshelp for this summary


http://www.economicshelp.org/blog/6399/economics/impact-of-immigration-on-uk-economy/

The impact of immigration on the UK economy

A wide ranging summary from Economicshelp


http://www.economicshelp.org/blog/6399/economics/impact-of-immigration-on-uk-economy/

Gender pay inequality in the UK

Appalling, reports Aljazeera
http://video.aljazeera.com/channels/eng/videos/uk-wage-inequality-women-paid-less-than-men/3953227768001

Minimum wage in Santa Fe, USA

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/sante-fe-leads-the-way-in-us-wage-laws/3971856556001

Qatar moves towards a more sustainable economic growth model

......by recycling water, reports Aljazeera


http://video.aljazeera.com/channels/eng/videos/water-recycling-keeps-gulf-afloat/3998354290001

What is quantitative easing?

Explained in 70 seconds by the BBC


http://www.bbc.co.uk/news/business-30937023#
and Aljazeera
http://video.aljazeera.com/channels/eng/videos/kamahl-santamaria-explains-the-expected-effects-of-the-programme/4004896389001

Plain cigarette packaging heads for the UK

A decisive action to reduce market failure? I hope so, but time will tell


http://www.bbc.co.uk/news/uk-30920285#

Protectionism and free trade: Cuba and the USA

More "normalisation" reports the BBC


http://www.bbc.co.uk/news/world-latin-america-30844329#

Inequality in Scotland; the rise of food banks

A depressing video form the BBC (unless that is you believe that the free market with little government intervention is best)


http://www.bbc.co.uk/news/uk-scotland-30857423#

The effect of the rising Swiss Franc

Bad for exporters, but what about the Swiss inflation rate.? The BBC reports


http://www.bbc.co.uk/news/business-30845248#

The falling oil price; winners and losers

On both a micro and macro level, this BBC clip makes interesting viewing


http://www.bbc.co.uk/news/uk-scotland-30711701

The liquidity trap explained

Thanks to economicshelp for this explanation


http://econ.economicshelp.org/2009/10/liquidity-trap-explained.html

Why has the price of milk been falling?

Ch4 explains


http://www.channel4.com/news/how-did-milk-become-cheaper-than-bottled-water-video

UK debt

Lots of data in this economicshelp post


http://www.economicshelp.org/blog/1870/economics/uk-debt-burden/

How useful is pareto efficiency?

Useful post from economicshelp


http://www.economicshelp.org/blog/12643/economics/useful-pareto-efficiency/

How the inflation rate varies between different income groups?

Thanks to tutor2u for pointing me to this ONS post


http://www.ons.gov.uk/ons/rel/elmr/variation-in-the-inflation-experience-of-uk-households/2003-2014/sty-variation-in-the-inflation-experience-of-uk-households.html

Why some inflation is seen as a good thing

Great article from the BBC


http://www.bbc.co.uk/news/business-30778491?utm_source=dlvr.it&utm_medium=twitter

The price mechanism and allocative efficiency

Nice post from tutor2u


http://www.tutor2u.net/blog/index.php/economics/comments/using-the-price-mechanism-to-boost-allocative-efficiency-car-parking-charge?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:16:56:00Z

The history of the CPI basket

2 articles from the BBC (click the tab to get the second story) explaining some of the ins and outs of the CPI basket


http://www.bbc.co.uk/news/magazine-30828142

The problems of enforcing the minimum wage

Some well known firms appear to be breaking the law according to this Sky story


http://news.sky.com/story/1408190/minimum-wage-firms-named-and-shamed

CPI Inflation falls to a record low

This Ch4 video explains why


http://www.channel4.com/news/inflation-drops-to-record-low-as-oil-prices-tumble


as does this Sky post


http://news.sky.com/story/1406965/inflation-at-joint-lowest-level-on-record


and the BBC
http://www.bbc.co.uk/news/business-30795666#


and this one questions whether it's all good news


http://news.sky.com/story/1407096/why-record-inflation-fall-is-not-all-good-news


as do these posts from Robert Peston


http://www.bbc.co.uk/news/business-30795424
http://www.bbc.co.uk/news/business-30778484

Deflation in the Euro zone

Yes and no, it appears from this BBC clip; it depends how you measure it


http://www.bbc.co.uk/news/world-europe-30708069#

Conainer ships; even more economies of scale

Over the years I've posted links to stories about ever larger container ships. Here's the new King of the container ships able to carry 19,100 containers with 20 crew


http://www.bbc.co.uk/news/uk-30720824#


Mindboggling!

Why has the $ appreciated?

Well, obviously, it's to do with supply and demand but this economicshelp post adds some reasons


http://www.economicshelp.org/blog/12596/us/reasons-for-rise-in-value-of-the-dollar/

How has the UK recovered from the recession?

An interesting graph in this post from economicshelp comparing the recovery in GDP per capita in the UK to France and the USA


http://www.economicshelp.org/blog/12576/economics/the-uk-recovery-compared/

How wages are determined: The £1000 a week bricklayers

Nice blog post from tutor2u


http://www.tutor2u.net/blog/index.php/economics/comments/the-labour-market-and-foreign-bricklayers-on-1000-a-week?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:13:17:00Z

Germany introduces a minimum wage

As reported by Aljazeera
http://bcove.me/rmiu6dwz

Polluted beaches and negative externalities

Clear example from Aljazeera


http://bcove.me/icnjz90u

Why are petrol prices falling?

All is made clear from this excellent BBC clip


http://www.bbc.co.uk/news/business-30645183#


and this one http://www.bbc.co.uk/news/business-30691883

Cigarettes; a demerit good

Great example of information failure in this BBC report


http://www.bbc.co.uk/news/health-30622523#

New Scottish regulation: No smoking in cars carrying children

The BBC explains why


http://www.bbc.co.uk/news/uk-scotland-30502175# and http://www.bbc.co.uk/news/uk-politics-30526176#

Cleaning up Delhi's air

The problem and government response is reported by the BBC


http://www.bbc.co.uk/news/world-asia-30647598
and this from Aljazeera
http://bcove.me/t9k7i9ub

Increasing demand for premium gin

......reports the BBC


http://www.bbc.co.uk/news/uk-30640804

Sectors of the economy

Nice summary from economicshelp
http://www.economicshelp.org/blog/12436/concepts/sectors-economy/

Supply and demand: The Californian egg market

Thanks to tutor2u for this


http://www.tutor2u.net/blog/index.php/economics/comments/changes-in-the-californian-egg-market

Market structures in transport: Singapore

Thanks to tutor2u for this great video


http://www.tutor2u.net/blog/index.php/economics/comments/market-structures-in-transport

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?


http://news.sky.com/story/1392617/russia-ramps-up-rate-to-17-percent-to-boost-rouble


This could be the doomsday scenario for Russia
http://news.sky.com/story/1392871/rouble-woes-six-stages-of-a-currency-crisis

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?


http://www.bbc.co.uk/news/uk-30341649

The rising demand for air crew in China

Interesting clip from Aljazeera


http://bcove.me/zt9yzita

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


http://bcove.me/zk2mrs8g

The electric bus; a solution to market failure?

Could be if this experiment in Brazil works out
http://bcove.me/0q2d50ad

Mining in Burkino Faso; a case of market failure

This depressing clip shows a clear example of market failure and the need for government intervention


http://bcove.me/a7g555pz

Free child flu vaccine; a policy to overcome market failure associated with a merit good

Is flu vaccine a merit good? Quite possibly given the roll-out of this government policy


http://www.bbc.co.uk/news/uk-30241903#
This clip shows the reasons why the vaccine is required http://www.bbc.co.uk/news/health-29502296

Cross elasticity of demand: Fuel and donkeys in Iran

Great example from the BBC


http://www.bbc.co.uk/news/blogs-news-from-elsewhere-30051970

What fine should you get for littering?

£500 for a Pringles lid? So reports the BBC


http://www.bbc.co.uk/news/uk-england-bristol-29949175

Successful information provision by governments to reduce market failure: Drink driving public information films

From the BBC


http://www.bbc.co.uk/news/uk-29948187 and http://www.bbc.co.uk/news/uk-29936901

Positive and negative externalities from the Jakarta sea wall

Great clip from the BBC


http://www.bbc.co.uk/news/business-30030189#

Why governments tax fuel: Price Elasticity of Demand in action

Nice story from Australia from the BBC


http://www.bbc.co.uk/news/business-29983483#

Why the price of oil if falling

60 second summary from the BBC


http://www.bbc.co.uk/news/business-29745684#

Information failure and market failure: legal highs

A longer than normal clip (10 mins) which raises a lot of issues about information failure and possible government actions


http://www.bbc.co.uk/news/uk-23178688


Also, other BBC clips on the issue http://www.bbc.co.uk/news/uk-29829172# and http://www.bbc.co.uk/news/health-26364309 and http://www.bbc.co.uk/news/uk-26149954 and http://www.bbc.co.uk/news/health-26140661and http://www.bbc.co.uk/news/uk-wales-25982554 and http://www.bbc.co.uk/news/uk-england-25878280

Information failure? Is plastic food packaging safe

Interesting clip from the BBC


http://www.bbc.co.uk/news/uk-england-29631355#

Should we allow the advertising of e-cigarettes?

Intersting clip from Sky


http://news.sky.com/story/1370246/e-cigs-put-smoking-back-on-tv-after-49-years


Is there information failure? Will there be positive or negative externalities when they are consumed?

Perfect competition presentation

A comprehensive explanation from Mo Tanweer


http://motanweer.mediacore.tv/media/perfect-competition-2014

How competitive is the UK supermarket market?

Great data from economicshelp


http://www.economicshelp.org/blog/11947/economics/market-share-in-uk-supermarkets/

Unit 2: The problems of deflation

Thanks to economicshelp for this summary


http://www.economicshelp.org/blog/978/economics/definition-of-deflation/

Unit 1: Should we ban more public smoking?

That's the proposal for London, reports the BBC
http://www.bbc.co.uk/news/health-29625451# and


http://www.bbc.co.uk/news/uk-29633045#

Unit 1: Should we regulate against fast food outlets near schools?

Interesting clip from the BBC


http://www.bbc.co.uk/news/health-29637971#

Unit 1: Elasticity revision video

.... produced by students. I don't think I could have done beter myself!


https://www.youtube.com/watch?v=5yBqJqdPCFE#t=193

Unit 1: The price of milk

Loads of stuff on S&D in this BBC interview
http://www.bbc.co.uk/news/uk-29502499#

Unit 1: Pre-loading and negative externalities

....reports the BBC
http://www.bbc.co.uk/news/health-29454768#

Unit 1: Plain packets for cigarettes in France

That bastion of smoking introduces regulations on packaging, reports the BBC
http://www.bbc.co.uk/news/world-europe-29373283#

Unit 2: The money supply and inflation

Thanks to economicshelp for this post
http://www.economicshelp.org/blog/5278/inflation/m4-money-supply-and-inflation/

Unit 2: Economic growth

Thanks to economicshelp for this data packed post
http://www.economicshelp.org/blog/5843/economics/economic-growth-stats-2/

Unit 2: The UK budget deficit

Thanks to economicshelp for this post
http://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/

Unit 2: Monetary policy and the exchange rate

Thanks to economicshelp for this great post
http://www.economicshelp.org/blog/11550/currency/money-supply-and-the-exchange-rate/

Unit 1: Supply and demand criss cross

Thanks to tutor2u for this
http://www.tutor2u.net/blog/index.php/economics/comments/make-your-students-happy-test-their-demand-and-supply-knowledge-with-this-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:11:49:00Z

Unit 1: Allocative efficiency; the continuing change on the high street

Thanks to sky for this report
http://news.sky.com/story/1349807/high-street-decline-continues-with-shop-closures

Unit 2: What's measured in GDP

More than used to be the case as previously unrecorded drugs and prostitution output has been added reports Sky
http://news.sky.com/story/1344953/drugs-and-prostitutes-boost-economy-by-12-3bn

Unit 1: Positive and negative externalities from the Kenyan flower industry

Nice clip from the BBC raising many issues regarding Africa growing flowers for Europe


http://www.bbc.co.uk/news/business-29276515#

Unit 1: Demand and supply of loom bands

Thanks to tutor2u for this activity


http://www.tutor2u.net/blog/index.php/economics/comments/loom-bands-a-demand-and-supply-example-and-activity

Unit 1: Negative externalities from converting a mill

A pretty clear case of negative externalities in Hampshire reports the BBC


http://www.bbc.co.uk/news/uk-england-hampshire-29209283#

Unit 1: How do you combat market failure in the food market from excessive sugar?

Some ideas from a BBC clip


http://www.bbc.co.uk/news/health-29221018#

Unit 1: Are London fireworks a public good?

Debatable, according to this tutor2u post


http://www.tutor2u.net/blog/index.php/economics/comments/are-fireworks-in-london-a-public-good?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:13:20:00Z

Unit 1: The economic problem: Who gets the goods produced

An interesting solution to scarce resources in Venezuela; fingerprinting(!) reports the BBC
http://www.bbc.co.uk/news/world-latin-america-28893383#

Unit 1: Welsh assembly plan to stop smoking in cars

.If you have a child in the car, a £50 fine reports BBC Wales
http://www.bbc.co.uk/news/uk-wales-29169124#

Unit 2: EU unemployment

Thanks to economicshelp for this
http://www.economicshelp.org/blog/1247/economics/european-unemployment-2/

Unit 2: Why is the AD curve downward sloping?

Thanks to economicshelp for this
http://www.economicshelp.org/blog/11437/economics/why-is-the-aggregate-demand-ad-curve-downward-sloping/

Unit 2: Exchange rates

Thanks to economicshelp for this explanation
http://www.economicshelp.org/blog/11422/economics/real-effective-exchange-rate/

Unit 2: The effect of contractionary fiscal policy in Japan

As you would expect, reports Sky
http://news.sky.com/story/1331936/japans-economy-dips-as-new-sales-tax-bites

Unit 2: A more accurate measure of output? Drugs and prostitution boost GDP

So reports Sky


http://news.sky.com/story/1329351/uk-economy-boosted-by-wider-contributions
and the BBC audio http://www.bbc.co.uk/news/business-29042385#

Unit 1: e-cigarettes; are they a case of market failure requiring government intervention?

This appears not be clear cut with a lack of data on this new product market on long term health effects. This BBC clip may start you thinking


http://www.bbc.co.uk/news/uk-england-28983713# and Sky http://news.sky.com/story/1324805/call-for-e-cigarettes-to-be-banned-indoors.
This might alter your views!
http://news.sky.com/story/1330462/report-e-cigarettes-could-save-thousands

Cost Benefit Analysis: Swansea lagoon

Thanks to tutor2u for pulling together these resources


http://www.tutor2u.net/blog/index.php/economics/comments/cost-benefit-analysis-swansea-tidal-lagoon?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:08:17:00Z

Unit 2: What determines the level of interest rates?

An interesting article from the Guardian


http://www.theguardian.com/business/2014/aug/17/interest-rates-go-up-five-points-bank-of-england-decide

Unit 2: Supply side policies to tackle youth unemployment in Kenya

This Aljazeera video shows a small supply side policy; low interest loans from government


http://bcove.me/bnt3wne8

Unit 1: Should we have warning labels on alcohol bottles?

An interesting topic for evaluation which could start with this BBC clip


http://www.bbc.co.uk/news/uk-28736758#

Unit 2: How good a measure of growth is GDP

Nice summary from the BBC


http://www.bbc.co.uk/news/business-28324971

Unit 1: Rising demand for Steinway pianos in China

Rising incomes seems to be the main, but not the sole reason reports the BBC


http://www.bbc.co.uk/news/business-28578541#

Unit 1: Aspirin: Am I suffering from information failure?

Is there under consumption of aspirin in the free market? It appears there might be according to this BBC report


http://www.bbc.co.uk/news/health-28670584

Unit 1: Public and private goods: The farmer's road

Nice story from tutor2u


http://www.tutor2u.net/blog/index.php/economics/comments/public-and-private-goods-farmer-opens-a-toll-road?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:14:55:00Z

Unit 1: The economic problem: Unlimited wants in health care

NICE's decision not to finance a new cancer drug highlights the basic economic problem


http://news.sky.com/story/1315056/breast-cancer-drug-too-expensive-for-nhs
http://www.bbc.co.uk/news/health-28701630#

Unit 1: Diesel tax: Making the polluter pay?

An interesting proposal for London to try and reduce air pollution


http://news.sky.com/story/1309480/dirty-diesel-drivers-face-new-tax-in-cities