Thanks to economicshelp for this summary
Posts from the ‘Economics’ Category
Great map from the Guardian
a) Using information from the map and the evaluative criteria covered in class, discuss how much of a problem unemployment is for the US economy
Nice graph in this post from Sky news showing the seasonal nature of new car sales in the UK
a) Which determinant of demand is causing this twice yearly peak?
Thanks to economicshelp for this up to date for the UK and other countries
Nice evaluation from economicshelp
This BBC clip explains the process
a) How does the free market for pensions fail?
b) Comment on the extent to which this scheme will reduce the market failure
I like this summary article from the BBC
Nice article from the BBC
a) Why has demand for beer risen in China and Thailand?
Nice summary from economicshelp
A nice summary from economicshelp
A fantastic summary of the topic, including up to date data, from economicshelp
This Sky news article is a good example of the role of substitutes in demand
a) Draw 2 demand diagrams to show the changing demand for pizzas; on-line and other methods
Another thanks to economicshelp
…thanks to economicshelp
….reports Sky news
a) Draw a S&D diagram to show the effects of the drought on animal feed prices
b) Draw a S&D diagram to show the effects of this increase in animal feed prices on the price of pigs
c) Draw a S&D diagram to show the effects of the decision by farmers to slaughter more pigs on the price of pork in the short run
d) Draw a S&D diagram to show the effects of reduction in the number of pigs on farms on the price of pork in the long run
Nice story from Aljazeera
a) What is the negative externality and why is it a negative externality?
b) Comment on the likely success of different approaches to solve the problem and reduce the market failure
Thanks to tutoir2u for the word document in this post
UK from the BBC
and EU from economicshelp
….isn’t that clear, according to this BBC clip
…..you might think so having watched this
a) Explain how the free market explains in this case
b) Comment on the likelyhood that such a law would reduce the market failure
Anyone who knows me will understand my concern about this forthcoming hike in banana prices!
a) Using a S&D diagram, explain why banana prices are set to rise
…according to the BBC
a) Explain, using the determinants of demand, why the demand for private jets has grown so rapidly in China
Interesting clip from the BBC based on long term research
a) Define the term “merit good”
b) To what extent is cannabis a demerit good?
c) Comment on the likely success of government policies to reduce the market failure associated with cannabis consumption
Thanks to tutor2u for this; remember this is not OCR specific and so contains some words you don’t specifically need for the exam
….according to this BBC clip
a) State the positive externality in the video and explain why it is a positive externality
Some locals in remote areas of Russia think the answer might be “yes” according to the BBC
…is on its way
Will it work?
An interesting video from Aljazeera
a) What would be the private costs and benefits to a firm of fitting this system?
b) What would be the positive externalities/external benefits of this system?
c) What actions, if any, should the government take in this market?
…according to the BBC
….from Sky news
….reports Sky news
a) Using a S&D diagram, explain why chocolate prices are likely to rise
Amazon have sold more ebooks than paper books, reports Sky news
a) Using Demand analysis, explain what has happened in both the ebook market and the paper book market
You decide after watching this BBC Wales clip
I love this from Planet Money, the US GDP sliced and diced.
A major policy decision by the UK government
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
….according to the preliminary data for the last quarter
http://www.channel4.com/news/how-the-construction-sector-is-impeding-the-recovery Ch4 inc video
….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
….according to Aljazeera
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
A deeply depressing report from Aljazeera
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
….can be large, say Aljazeera
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
…according to the BBC
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
As much as the tobacco industry? That appears to be the direction MP’s are suggesting in this BBC video
a) How does the free market for alcohol fail?
b) To what extent would these new proposals reduce the market failure?
A mixed picture behind the encouraging headline data, reports the BBC
….as shown by NEETS in Huddersfield (BBC video)
Apparently so according to a Government announcement
…but this isn’t the government spending; they’re promising to underwrite projects, not pay for them
Thanks to tutor2u for finding this Aljazeera video
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
…..according to Sky news and the BBC
and timetric have the latest data visually
Nice clip from Aljazeera about rubbish disposable in Brazil
a) Using examples from the video clip, explain positive and negative externalities that arise from Rubbish disposal methods in Brazil