Multiplier stories

Thanks to tutor2u for this compilation
http://www.tutor2u.net/economics/blog/the-multiplier-effect-in-action?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_580e6eb02ce37e7ed197722a6c0aa931&utm_source=CampMonitor&utm_term=Blog++The+Multiplier+Effect+in+Action

and

http://www.tutor2u.net/economics/blog/easyjet-local-multipliers-and-economic-growth?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_2529522963f51399aa91018eb2262fbf&utm_source=CampMonitor&utm_term=Blog++Easyjet+local+multipliers+and+economic+growth

Productivity.......and why is it stagnant?

Nice compilation from tutor2u
http://www.tutor2u.net/economics/blog/the-uk-productivity-issue?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_580e6eb02ce37e7ed197722a6c0aa931&utm_source=CampMonitor&utm_term=Blog++The+UK+Productivity+Issue

Cambridge University and supply side effects on the economy

Thanks to tutor2u for finding this
http://www.tutor2u.net/economics/blog/supply-side-economics-commercialising-university-research?utm_medium=email&utm_campaign=Daily+tutor2u+Economics+updates&utm_content=Daily+tutor2u+Economics+updates+CID_57be6eec693aa0cf212b95c0769e0d5b&utm_source=CampMonitor&utm_term=Blog++Supply-side+Economics+Commercialising+University+Research

Electric scooters: A way to reduce negative externalities?

It seems so, reports the BBC
http://www.bbc.co.uk/news/business-34773466

Negative externalities: The effect of the Icelandic financial crisis on the unborn

Thanks to tutor2u for this
http://www.tutor2u.net/economics/blog/externalities-the-effects-of-financial-stress-on-pregnancy

Exchange rates quiz

Thanks to tutor2u
http://s3-eu-west-1.amazonaws.com/tutor2u-media/channels/beyond-the-bike/Exchange-Rate-Systems.pdf?mtime=20151105213025

Price discrimination

A new take on an old idea in the guardian
http://www.theguardian.com/media-network/2015/nov/06/personalised-pricing-future-online-offline-retail

TTIP trade deal: Pros and cons

Thanks to economicshelp for this
http://www.economicshelp.org/blog/14145/trade/tipp-uk-us-trade-deal/

Fish shortages: A tragedy of the commons?

Nice report from the BBC
http://www.bbc.co.uk/news/business-34727827

Falling demand for holidays in Egypt

Which factors that effect demand have altered?
http://www.bbc.co.uk/news/world-middle-east-34733072

Regulating the cannabis market

An interesting post from the BBC
http://www.bbc.co.uk/news/world-latin-america-34718278

Amazon and Creative Destruction

Thanks to tutor2u for this
http://beta.tutor2u.net/economics/blog/amazon-and-creative-destruction

Labour market discrimination

Thanks to tutor2u for these examples
http://s3-eu-west-1.amazonaws.com/tutor2u-media/subjects/economics/downloads/Discrimination-in-the-Workplace.pdf?mtime=20151103143215

Privatisation: Pros and cons

Thanks to tutor2u for this
http://s3-eu-west-1.amazonaws.com/tutor2u-media/subjects/economics/downloads/Privatisation-Pros-and-Cons.pdf?mtime=20151103144019

Mergers and aquisitions: Examples

Thanks to tutor2u
http://beta.tutor2u.net/economics/blog/mergers-and-acquisitions-in-the-news

Should the minimum wage be increased?

This, from tutor2u, argues you already get more than the pay from an entry level job
http://beta.tutor2u.net/economics/blog/the-benefits-of-an-entry-level-job-much-more-than-the-wage

The rising cost of watching live football

An interesting take from tutor2u
http://beta.tutor2u.net/economics/blog/rising-football-ticket-prices

Benefits and benefits in kind by income decile

Thanks to economicshelp for this data
http://www.economicshelp.org/blog/14859/economics/benefits-and-benefits-in-kind-by-income-decile/

Income inequality by income decile

Thanks to economicshelp for this data
http://www.economicshelp.org/blog/14853/economics/income-inequality-by-income-decile/

Rising demand for sweet potatoes

Why? tutor2u reports
http://beta.tutor2u.net/economics/blog/surging-demand-for-sweet-potatoes

Should we tax sugary drinks?

This brilliant 2-sided summary from economicshelp
http://www.economicshelp.org/blog/14884/economics/sugar-tax-debate/
It seems more likely, reports the BBC
http://www.bbc.co.uk/news/health-34606732
and Ch4
http://www.channel4.com/news/introduce-sugar-tax-health-officials-tell-government
and it's being called for by Jamie Oliver
http://www.bbc.co.uk/news/health-34606732 and http://beta.tutor2u.net/economics/blog/jamie-oliver-calls-for-sugar-tax-on-soft-drinks
From tutor2u
http://beta.tutor2u.net/economics/blog/bacon-sandwich-with-sugar-anyone

Light rail in Addis: A supply side policy

Think of the impact of this on the Ethiopian economy in terms of its effect on the AS/PPF curves

http://www.bbc.co.uk/news/business-34549253

Substitutes for "normal" cigarettes in India

An interesting clip from the BBC covering several aspects of demand theory

http://www.bbc.co.uk/news/business-34485958

International trade data

Want to know the trade pattern of a country? This great source courtesy of tutor2u
https://atlas.media.mit.edu/en/

Negative externalities from motoring

Scary stuff from the BBC

http://www.bbc.co.uk/news/science-environment-34461450

Trans-Pacific Partnership: What is it and what does it mean?

Nice summary from the BBC

Trans-Pacific Partnership: What is it and what does it mean?

and thanks to tutor2u for this

http://beta.tutor2u.net/economics/blog/trans-pacific-partnership-tpp-is-sealed

Plastic bag charge comes to England

This, from Sky, explains the market failure and how the charge may reduce it

http://news.sky.com/story/1563854/confusion-over-complicated-plastic-bag-law

and the BBC shows the negative externalities

http://www.bbc.co.uk/news/business-34414750
and
http://www.bbc.co.uk/news/business-34441674

and this shows what happened in Scotland after the charge was introduced

http://www.bbc.co.uk/news/business-34441675

5p for a plastic bag: Will that reduce the market failure?

It appears it may if the evidence from other countries is anything to go by

http://beta.tutor2u.net/economics/blog/a-nudge-to-reduce-plastic-bag-use

Cigarette butts; a negative externality

Paris aims to target offenders with fines

http://www.bbc.co.uk/news/world-europe-34422566

The effect of a depreciating Ugandan currency

This BBC report highlights some of the difficulties and the actions open to the Central Bank of Uganda
http://www.bbc.co.uk/news/business-34423847

In car smoking ban

The latest legislation to reduce the market failure associated with the cigarette market

http://www.bbc.co.uk/news/health-34402622

Money!

An interesting article about what we mean by "money" from tutor2u http://beta.tutor2u.net/economics/blog/the-future-of-cash-1

The supply curve for steel

As the price falls, some firms stop producing as they cannot produce profitably. This appears to be the fate or Redcar, reports the BBC
http://www.bbc.co.uk/news/uk-england-tees-34380108

Dismaland and the multiplier effect

So reports the BBC
http://www.bbc.co.uk/news/uk-34372662

Information failure: Tattoo removal

Good example of information failure from the BBC

http://www.bbc.co.uk/news/uk-34368207

UK national debt

Thanks to economicshelp for this
http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

Winners and losers from low interest rates

Thanks to economicshelp for this
http://www.economicshelp.org/blog/14553/interest-rates/who-benefits-from-low-interest-rates/

Inflation data

Thanks to economics help fot this data
http://www.economicshelp.org/blog/5720/economics/inflation-stats-and-graphs/

The claimant count: Explanation and data

Thanks to economicshelp for this

http://www.economicshelp.org/blog/14529/unemployment/claimant-count-unemployment/

Unemployment data

Thanks to economicshelp for this

http://www.economicshelp.org/blog/5695/alevel/unemployment-stats-and-graphs/

Automated milk processing

A good example of capital intensive production from the BBC

http://www.bbc.co.uk/news/business-34266212

Is instant coffee an inferior good?

Tutor2u pose the question
http://beta.tutor2u.net/economics/blog/coffe-snobs-who-refuse-to-drink-instant

Free sun cream in Miami; a way to reduce market failure?

Nice story from the BBC

http://www.bbc.co.uk/news/health-34153206

Environmental damage from Indonesian tin mining

Thanks to Aljazeera for this report

http://video.aljazeera.com/channels/eng/videos/illegal-indonesian-tin-mining-damaging-environment/4426342686001

Assumptions in economics

Thanks to tutor2u for this

http://beta.tutor2u.net/economics/blog/assumptions-in-economics

Monopoly fact sheet

Thanks to tutor2u for this sample

http://s3-eu-west-1.amazonaws.com/tutor2u-media/subjects/economics/downloads/as-micro-companion-sample-topic.pdf?mtime=20150903071511

Negative externalities from skiing in Switzerland

Thanks to the BBC
http://www.bbc.co.uk/news/world-europe-34124473

Employment rate data

Thanks to tutor2u for this

http://beta.tutor2u.net/economics/reference/employment-rate

Nissan and Hitachi invest in the North-East

Thanks to the BBC for these 2 stories

http://www.bbc.co.uk/news/business-34136541 Nissan
http://www.bbc.co.uk/news/uk-england-tees-34130229 Hitachi

The derived demand for labour: Pilots in China

Nice example of the scale of the increase in derived demand for pilots

http://link.brightcove.com/services/player/bcpid1659202292001?bckey=AQ~~,AAAAmtVJIFk~,TVGOQ5ZTwJbsT0Mq3k9H8GCa4jV3vL4M&bctid=3925344337001

The effect of migration on the labour market

Nice clip from ITV summarising the issues in this tutor2u post

http://beta.tutor2u.net/economics/blog/huge-rise-in-net-inward-migration-into-the-uk

Average wage differences in the UK

Interesting map from tutor2u
http://beta.tutor2u.net/economics/blog/average-weekly-earnings-by-uk-city

Economic systems: The invisible hand and the free market system

Thanks to tutor2u for this
http://beta.tutor2u.net/economics/blog/the-invisible-hand-bbcs-a-history-of-ideas

Economies and diseconomies of scale

Quick-fire test from tutor2u

http://beta.tutor2u.net/economics/blog/internal-and-external-economies-of-scale-a-quick-fire-quiz

e-cigarettes and externalities

Are they positive or negative? Interesting article from the BBC
http://www.bbc.co.uk/news/magazine-34051996
and tutor2u
http://beta.tutor2u.net/economics/blog/e-cigarettes-government-policy-to-combat-demerit-good-or-government-failure-example

Record UK netmigration

....reports the BBC
What effect on the UK's PPF, AD and AS?
http://www.bbc.co.uk/news/uk-politics-34076607
and from tutor2u
http://beta.tutor2u.net/economics/blog/huge-rise-in-net-inward-migration-into-the-uk

A merger in the £1 market

...reports sky

http://news.sky.com/story/1541253/poundlands-99p-stores-takeover-gets-go-ahead

The demand for chocolate

Interesting Sky report
http://news.sky.com/story/1542014/chocolate-demand-melts-away-as-prices-rise

Merger mania in the UK betting industry

Following coral/ladbrokes comes Betfai/Paddy Powere, reports Sky

http://news.sky.com/story/1541809/bookmakers-paddy-power-and-betfair-agree-merger

Supply and demand: The rising price of Indonesian beef

Nice clip from the BBC

http://www.bbc.co.uk/news/business-33955802

Opportunity cost numerical examples

Thanks to tutor2u for this

http://s3-eu-west-1.amazonaws.com/tutor2u-media/library/Opportunity-Cost-examples.pdf?mtime=20150811113401

Cuba moves towards a mixed economy......

....starting with agriculture, reports Aljazeera


http://video.aljazeera.com/channels/eng/videos/cuban-farmers-lead-the-way-to-free-market-economy/4397255089001

Fewer stillbirths and premature babies: A positive externality from the smoking ban

Great story from the BBC


http://www.bbc.co.uk/news/health-33910232

Colorado river pollution and the consequent negative externalities

Thanks to tutor2u for finding this for Ch4


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

Concentration ratio activity

Thanks to tutor2u
http://beta.tutor2u.net/economics/blog/concentration-ratio-pyramid-a-classroom-activity

The effect of increasing VAT in Greece

Nice clip from the BBC
http://www.bbc.co.uk/news/world-europe-33590434

Why is British productivity low?

Interesting clips from the BBC
http://www.bbc.co.uk/news/business-33347300 and http://www.bbc.co.uk/news/business-33433358

Should government regulate high energy foods?

A thought provoking article from George Monbiot in The Guardian
http://www.theguardian.com/commentisfree/2015/aug/11/obesity-incurable-disease-cameron-punishing-sufferers

Costs: Why is Tesla still in Business if it's losing $4,000 for every car it sells?

Interesting! Think fixed and variable costs when reading this Sky news story
http://news.sky.com/story/1533301/tesla-losing-4000-for-every-vehicle-sold

Horizontal integration in the betting industry

....reports Sky
http://news.sky.com/story/1524609/ladbrokes-and-coral-agree-2-3bn-merger

Falling milk prices

Nice summary from tutor2u
http://beta.tutor2u.net/economics/blog/economics-of-falling-milk-prices

China devalues its currency

Why? What happens? A nice collection from tutor2u
http://beta.tutor2u.net/economics/blog/china-devalues-their-currency
and the BBC
http://www.bbc.co.uk/news/business-33868312 and http://www.bbc.co.uk/news/world-europe-33590434

Macroeconomic data from the FT

Thanks to tutor2u for sharing this
http://ig.ft.com/sites/uk/economic-dashboard/#inflation

Is China's growth sustainable?

Open to question, according to the BBC
http://www.bbc.co.uk/news/world-asia-china-33546231

Should we tax sugary drinks?

The BMA seems to think so reports tutor2u
http://beta.tutor2u.net/economics/blog/doctors-call-for-a-20-tax-of-sugary-foods-and-drinks
and sky news
http://news.sky.com/story/1517824/doctors-demand-a-20-percent-tax-on-sugary-drinks
and the BBC
http://www.bbc.co.uk/news/health-33509545

Why Uber prices surge during a tube strike

Thanks to tutor2u


http://beta.tutor2u.net/economics/blog/uber-surge-pricing-and-the-tube-strike

TTIP explained

Thanks to economicshelp for this
http://www.economicshelp.org/blog/14145/trade/tipp-uk-us-trade-deal/

Budget deficit data

Thanks to the Guardian


http://www.theguardian.com/uk-news/datablog/2015/jul/08/george-osborne-ban-budget-deficits

The effect of the increase in Greek VAT...

...is clearly seen in this BBC clip


http://www.bbc.co.uk/news/world-europe-33590434

When should governments intervene in a market?

This BBC clip shows many Americans don't believe government intervention is needed in the market for trans fats


http://www.bbc.co.uk/news/world-us-canada-33155176

Joseph Stiglitz on Inequality

Thanks to tutor2u for this
http://beta.tutor2u.net/economics/blog/joseph-stiglitz-on-inequality-june-2015

International trade data

Thanks to tutor2u for this


http://beta.tutor2u.net/economics/blog/international-trade-agreements

Information Failure - Sunscreen Labelling

Thanks to tutor2u for this  http://beta.tutor2u.net/economics/blog/information-failure-sunscreen-labelling

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

Income inequality: Are we all in this together?

Unlikely if the BBC has got it's options right on how to save £12bn from the welfare budget


http://www.bbc.co.uk/news/business-32910848

Crossrail and a positive externality

A nature reserve, reports the BBC


http://www.bbc.co.uk/news/science-environment-32879846