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

You decide after watching this BBC Wales clip

http://www.bbc.co.uk/news/uk-wales-19023473#

Unit 2: The AD function for the USA

I love this from Planet Money, the US GDP sliced and diced.

http://www.npr.org/blogs/money/2012/07/27/157444854/the-u-s-gdp-sliced-and-diced-in-two-graphics?ft=1&f=93559255

Unit 1: Flu vaccine for all children in UK

A major policy decision by the UK government

http://www.bbc.co.uk/news/health-18979106#

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

http://www.economicshelp.org/blog/5581/economics/double-dip-recession-deepens/
http://www.channel4.com/news/how-the-construction-sector-is-impeding-the-recovery Ch4 inc video
http://www.bbc.co.uk/news/uk-18989652 BBC
http://www.bbc.co.uk/news/business-18989329# BBC
http://www.bbc.co.uk/news/business-18981645# BBC

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

http://www.guardian.co.uk/news/datablog/2012/jul/24/how-happy-are-you-wellbeing Guardian
http://www.bbc.co.uk/news/uk-politics-18966729# BBC

Unit 1: Nepal cracks down on drink driving

....according to Aljazeera

http://www.youtube.com/watch?v=HlbNC-rH5os

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

http://www.youtube.com/watch?v=nGleguEq_JI

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

Unit 1: The impact of the USA corn crop failing

....can be large, say Aljazeera

http://www.youtube.com/watch?v=139xi2a3c8Q

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

http://www.bbc.co.uk/news/uk-scotland-18930963#

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

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

http://www.bbc.co.uk/news/health-18898242#

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

Unit 2: How well is the Australian econmy doing?

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

http://www.bbc.co.uk/news/business-18896812#

Unit 2: The costs of unemployment

....as shown by NEETS in Huddersfield (BBC video)

http://www.bbc.co.uk/news/uk-18882588#

Unit 2: An investment boost for the UK economy?

Apparently so according to a Government announcement

http://news.sky.com/story/961586/uk-economy-is-given-50bn-investment-boost Sky
http://www.bbc.co.uk/news/uk-18881927# BBC

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

Unit 1: Laws to ensure e-waste is recycled

Thanks to tutor2u for finding this Aljazeera video

http://www.youtube.com/watch?v=v1TaDwPUu4c&feature=player_embedded

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

http://news.sky.com/story/961190/record-rainfall-helps-inflation-fall-sharply sky
http://www.bbc.co.uk/news/business-18867248# BBC article
http://www.bbc.co.uk/news/18874387# BBC video

and timetric have the latest data visually

http://byline.timetric.com/2012/07/17/uk-cpi-inflation-continues-to-slow/

Unit 1: positive and negative externalities from rubbish

Nice clip from Aljazeera about rubbish disposable in Brazil

http://www.youtube.com/watch?v=5VzcsrZ5tDs

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

Test post to twitter

Unit 1: The economics of the milk industry

Thanks to tutor2u for this compilation of video clips regarding the milk industry

http://www.tutor2u.net/blog/index.php/economics/comments/unit-3-micro-economics-of-the-milk-industry?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:09:03:48Z

Unit 1: Increasing investment in the UK economy

The UK's factors of production will increase as BMW increases its investment in its UK Mini plant

http://www.channel4.com/news/bmw-to-invest-250-in-uk-mini-factories

a) Why is this an example of investment?
b) Explain the effect on the UK PPC of this investment and show this on a diagram
c) Comment on the extent to which this will increase  economic growth in the UK

Unit 2: The £ appreciates against the Euro

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

http://www.bbc.co.uk/news/business-18734851#

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 £?