Unit 1: Negative externalities from a US sauce factory

....reports the BBC

http://www.bbc.co.uk/news/world-us-canada-25126194#

Unit 1: Food outlets forced to display hygiene ratings in Wales

A nice post from BBC Wales showing an attempt to reduce information failure in the fast food/café market

http://www.bbc.co.uk/news/uk-wales-25139949#

Unit 1: Packaging restrictions coming to UK cigarettes?

Very likely, it now seems, says Sky news

http://news.sky.com/story/1174669/david-cameron-u-turn-over-cigarette-packaging

and the BBC

http://www.bbc.co.uk/news/uk-25141367

....and this BBC audio reports the effect of similar packaging changes in Australia

http://www.bbc.co.uk/news/health-25135553#

http://www.bbc.co.uk/news/uk-politics-25126673# video

Unit 1: Tinned fish, an inferior good?

Quite possibly, according to this BBC clip

http://www.bbc.co.uk/news/business-25098813#

Unit 1: Externalities associated with energy production

.....both positive and negative examples in this great BBC report

http://www.bbc.co.uk/news/science-environment-25051351#

Unit 1: How much caffine do you consume? A case of information failure?

I've no idea, you decide having looked at this Guardian article

http://www.theguardian.com/news/2013/nov/27/caffeine-compared-coke-coffee-aspirin-chocolate-tea

Unit 2: Multiplier revision powerpoint

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-the-multiplier-process-and-multiplier-effect

Unit 1: Subsidies revision pwerpoint

With thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-1-micro-producer-and-consumer-subsidies?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:18:15:04Z

Unit 1: Controling the price of demerit goods: Payday loans

Are payday loans a demerit good? There is almost certainly information failure in the market and the government now intends to legislate says Sky

http://news.sky.com/story/1173188/payday-loans-to-be-capped-by-government

Unit 1: Extended warrenties; an example of information failure?

Which thinks so, says the BBC

http://www.bbc.co.uk/news/business-25065073#

Unit 1: Negative externalities from a new proposed gold mine in Romania

Another great story from Aljazeera

http://bcove.me/ol6sykn8

Unit 1: Plastic bags in New Delhi

A great clip from Aljazeera illustrating not just the normal negative externalities associated with rubbish, but also a positive externality. Great stuff!

http://bcove.me/qnq61zpd

Unit 1: A disturbing example of negative externalities from China

Thanks to Aljazeera

http://bcove.me/wwnewv3v

Unit 1: Are supermarket customers suffering information failure?

Yes, reports the BBC

http://www.bbc.co.uk/news/business-24998958#

Unit 1: A law is fine, but how is it enforced?

Standard theory suggests market failure can be reduced by regulation/legislation, but it has to be enforced

This BBC clip appears to show that isn't always the case and so breaking the law becomes less of an issue......and the negative externality remains!

http://www.bbc.co.uk/news/uk-25030730#

Unit 1: NY introduces minimum age and minimum prices for cigarettes

....reports the BBC

http://www.bbc.co.uk/news/world-africa-25012633#

a) To what extent are these measures likely to reduce the market failure caused by cigarettes?

Unit 1: The demise of Tie Rack: Allocative efficiency

As anyone who knows me will testify, I've never bothered the sales staff in Tie Rack. Now it appears, others are following my approach and not buying ties as Sky reports

http://news.sky.com/story/1170762/jobs-at-risk-as-tie-rack-exits-high-streets

a) How does this closure illustrate the idea of allocative efficiency

Unit 1: Mobiles in cars; a demerit good?

This BBC clip argues that is the case

http://www.bbc.co.uk/news/uk-24983292#

Unit 2: Fiscal Policy: Revision pwerpoint

Thanks to tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-fiscal-policy-revision-presentation

Unit 1: Is breastfeeding a merit good?

It could well be, according to the government who are starting a trial to give vouchers (ie a subsidy) to mothers who breastfeed. This BBC video explains all

http://www.bbc.co.uk/news/health-24908670#

a) What are the 2 conditions needed for a merit good?
b) Does breastfeeding meet these criteria
a) Evaluate the likely success of this project