Quite possibly, according to this BBC clip
Posts from the ‘Economics’ Category
…..both positive and negative examples in this great BBC report
I’ve no idea, you decide having looked at this Guardian article
Thanks to tutor2u
Are payday loans a demerit good? There is almost certainly information failure in the market and the government now intends to legislate says Sky
Which thinks so, says the BBC
Another great story from Aljazeera
A great clip from Aljazeera illustrating not just the normal negative externalities associated with rubbish, but also a positive externality. Great stuff!
Thanks to Aljazeera
Yes, reports the BBC
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!
….reports the BBC
a) To what extent are these measures likely to reduce the market failure caused by cigarettes?
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
a) How does this closure illustrate the idea of allocative efficiency
This BBC clip argues that is the case
Thanks to tutor2u
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
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
a) In what way does the disappearance of Blockbuster from high streets show allocative efficiency in the economy?
Classis S&D story in the auction house
Report from Sky news
and UK by region map from the Guardian
Ed Milliband appears to think so as he want regulations introduced to restrict when they can be shown, says Sky
a) Why might payday loans be characterised as a demerit good?
b) To what extent would the proposal reduce the market failure?
c) What other actions could the government take? Would they be more successful?
A really informative article from the BBC
a) Why has the ECB cut the rate? Explain your answer in terms of the 4 macro-economic objectives
b) Evaluate the likely success of this policy move
Thanks to tutor2u for this post
a) What is the market failure this intervention is meant to correct?
b) Evaluate the likely success of the government action in correcting the market failure
c) Outline one other action the US government could have taken instead of the legislation and compare the likely success of the 2 policies
This article from Sky explains
a) Using the theory of demand, explain the demise of Blockbusters, both in the US and the UK
An interesting article from Sky news
a) Given we are experiencing little or no growth in real incomes, which of the determinants of demand explains the increasing demand for new cars?
Given the positive externalities from carbon capture, what policies could the government use to accelerate its adoption?
Not a very successful supply side policy according to this BBC clip
Nice post from economicshelp. especially the evaluation ideas at the end of the post
A really good example of negative externalities from Al Jazeera
Interesting development in Cuba that seems to buck the recent trend reports the BBC
It would appear so from the point of view of the consumer, according to this BBC clip which clearly shows asymmetric information in the market
…available via the hyperlinks in this BBC summary
Possibly, or possibly not, says this Sky news clip
Apparently so, according to this BBC clip full of demand and supply analysis
So why don’t we just produce more wine? Think elasticity of supply!
An interesting article from Ch4
Thanks to economicshelp for this summary of changes in the tablet market
Thanks to tutor2u fro data charts on
Thanks, as ever, to tutor2u for this update on the AD pwerpoint
and this AS summary
Yes, if this BBC clip is correct
….according to the BBC
Interesting clip from the BBC
I love stories about the biggest, fastest, etc so this economics packed clip, I love!!!
Possibly, if this report is true and these new government restrictions are turned into actions
A sad case, reports the BBC
….and possibly inferior goods?
Nice chart from Sky news to highlight regional differences
and this from the BBC re age of the unemployed
….according to the BBC