Great clip from the BBC explaining how Cuban sugar mills are being restarted as the world price of sugar has risen
http://www.bbc.co.uk/news/world-latin-america-22620566#
Wednesday, May 22, 2013
Friday, May 17, 2013
Thursday, May 16, 2013
Unit 1: Should the age for buying alcohol be increased to 21?
A nice post from economicshelp with good evaluation and alternative policy
http://www.economicshelp.org/blog/36/society/legal-drinking-age/
http://www.economicshelp.org/blog/36/society/legal-drinking-age/
Labels:
Actions to correct market failure,
Regulation,
Video
Tuesday, May 14, 2013
Unit 1: The start of a market economy in Cuba?
The changes announced by the Cuban government begin to take effect, as seen in this clip from Aljazeera
http://bcove.me/vgmouy97
http://bcove.me/vgmouy97
Unit 2: The Scottish Borders railway line: Government (infrastructure) spending with supply side effects
A nice clip from the BBC with lots of economic ideas tied up in it
http://www.bbc.co.uk/news/uk-scotland-22510460#
http://www.bbc.co.uk/news/uk-scotland-22510460#
Saturday, May 11, 2013
Unit 2: Tax relief for movie production
A successful supply side policy according to this post from tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/positive-indicators-for-the-uk-economy-may-the-force-be-with-us
http://www.tutor2u.net/blog/index.php/economics/comments/positive-indicators-for-the-uk-economy-may-the-force-be-with-us
Unit 1: Firm fines £50,000 for water pollution
One of the issues with regulation is enforcement; any fine for breaking the law has to be large enough to discourage others from breaking the law......like this one
http://www.bbc.co.uk/news/uk-england-cambridgeshire-22477788
http://www.bbc.co.uk/news/uk-england-cambridgeshire-22477788
Labels:
Actions to correct market failure,
Regulation,
Video
Friday, May 10, 2013
Tuesday, May 07, 2013
Unit 2: Australia cuts interest rates
Interesting BBC article explaining why Australia's central bank has cut interest rates
http://www.bbc.co.uk/news/business-22430652#
http://www.bbc.co.uk/news/business-22430652#
Saturday, May 04, 2013
Unit 2: Policies to reduce unemployment
Thanks to tutor2u for this slideshare presentation
http://www.slideshare.net/tutor2u/policies-to-reduce-unemployment
http://www.slideshare.net/tutor2u/policies-to-reduce-unemployment
Thursday, May 02, 2013
Tuesday, April 30, 2013
Monday, April 29, 2013
Unit 1: EU intervention in the pesticide market because of negative externality effects on bees
But, not everyone agrees with the restrictions: A case of information failure in the market?
http://www.bbc.co.uk/news/world-europe-22338755# video
http://news.sky.com/story/1084470/bees-european-union-forces-pesticides-ban article
http://www.bbc.co.uk/news/world-europe-22338755# video
http://news.sky.com/story/1084470/bees-european-union-forces-pesticides-ban article
Labels:
Actions to correct market failure,
Regulation,
Video
Sunday, April 28, 2013
Unit 1: Scotland bans cigarette displays
....and so comes in to line with the rest of the Uk according to this BBC clip. It also highlights the problem of introducing laws and regulations, namely that their has to be sufficien enforcement
http://www.bbc.co.uk/news/uk-scotland-22328177#
http://www.bbc.co.uk/news/uk-scotland-22328177#
Labels:
Actions to correct market failure,
Regulation,
Video
Saturday, April 27, 2013
Friday, April 26, 2013
Units 1 & 2: Key terms glossaries
...from tutor2u, BUT MY STUDENTS SHOULD BE WARY OF USING THEM AS THEY MAY NOT BE WHAT OCR REQUIRE!!!!!!
http://www.tutor2u.net/blog/index.php/economics/comments/as-and-a2-key-term-glossaries
http://www.tutor2u.net/blog/index.php/economics/comments/as-and-a2-key-term-glossaries
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