Micro

/Micro

Calorie Reduction Plan in England

  BBC: Calories in popular foods must be cut, say health officials Article published: Aug 18, 2017 IB Economics syllabus: Microeconomics (market failure, negative externalitites) Public Health England plans to introduce targets to cut the current level of calories in popular foods. Following the reductions of sugar in sugary drinks, the new measure will most likely [...]

By | 2017-08-23T12:08:24+00:00 August 23rd, 2017|Micro|Comments Off on Calorie Reduction Plan in England

New international agreement on decreasing global oil production

  BBC: Oil price surges as Opec and non-Opec members agree deal to cut output Article published: Dec 12, 2016 IB Economics syllabus: Microeconomics (demand and supply, cartel) This time, the OPEC has managed to get an agreement through with non/OPEC members, most notablz, with Russia. The agreement - following last week's one - is about [...]

By | 2017-08-23T10:41:45+00:00 December 14th, 2016|Micro|Comments Off on New international agreement on decreasing global oil production

Tax cuts for Chinese car manufacturers

Wall Street Journal: China Car Sales Rise Sharply in September Article published: Oct 12, 2016 IB Economics syllabus: Microeconomics (government intervention: tax cut)   Thanks to tax cuts, Chinese car manufacturers can sell their products at lower prices. No wonder that there are a lot more sales since the introduction of the new tax policy. Moreover, this [...]

By | 2017-08-23T10:43:42+00:00 October 15th, 2016|Micro|Comments Off on Tax cuts for Chinese car manufacturers

Sugary drinks should be taxed according to WHO

NY Times: W.H.O. Urges Tax on Sugary Drinks to Fight Obesity Article published: Oct 11, 2016 IB Economics syllabus: Microeconomics (negative externalities of consumption) The World Health Organization urges countries to introduce taxes on sugary drinks. Quote from the article: “If governments tax products like sugary drinks, they can reduce suffering and save lives,” Dr. Douglas Bettcher, [...]

By | 2017-08-23T10:43:54+00:00 October 12th, 2016|Micro|Comments Off on Sugary drinks should be taxed according to WHO

Officials in England plan to introduce regulation to cut back childhood obesity

BBC: Childhood obesity plan 'to include 20% sugar cuts' Article published: Aug 17, 2016 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (negative externalities of consumption) The consumption of food and drink with high sugar content leads to many negative externalities. In the first place, it leads to [...]

By | 2017-08-23T11:16:25+00:00 October 5th, 2016|Micro|Comments Off on Officials in England plan to introduce regulation to cut back childhood obesity

Market failure and cheating: Volkswagen’s “clean diesel” scandal

Reuters: Volkswagen could face $18 billion penalties from EPA Article published: Sep 18, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, regulation, pollution) While very unfortunate, the Volkswagen scandal serves as great material if you'd like to write a commentary on the negative externality of consumption. [...]

By | 2017-08-23T10:51:08+00:00 September 26th, 2015|Micro, Uncategorized|Comments Off on Market failure and cheating: Volkswagen’s “clean diesel” scandal

Drug prices soar in the U.S. as a result of low PEDs

The NY Times: Runaway Drug Prices Article published: May 5, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microconomics (Elasticities, necessities, govt' intervention) Many medicines have a low price elasticity of demand due to the low number of substitutes and the fact that they are necessities. As producers are also [...]

By | 2017-08-23T10:51:41+00:00 May 5th, 2015|Micro|Comments Off on Drug prices soar in the U.S. as a result of low PEDs

Carbon floor price hike will trigger UK coal slowdown

The Guardian: Carbon floor price hike will trigger UK coal slowdown, say analysts Article published: Apr 2, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (Govt' intervention, minimum price/price floor, carbon tax) "Coal-fired power plants are set to be taken offline this year as a result of the [...]

By | 2017-08-23T10:52:06+00:00 April 28th, 2015|Micro|Comments Off on Carbon floor price hike will trigger UK coal slowdown

A prospective future for electric cars

Reuters: Automakers race to double the driving range of affordable electric cars Article published: Mar 24, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand/supply, oligopoly, negative externality of production) Demand for electric cars are very low relative to demand for conventional ones. This might change in the [...]

By | 2017-08-23T10:53:02+00:00 March 25th, 2015|Micro|Comments Off on A prospective future for electric cars

Anti-collusion regulations in action in China

The Economic Times (The Times of India): Qualcomm to pay $975 million fine over Chinese anti-monopoly claim Article published: Feb 10, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics HL (monopoly power, collusion), International Economics (protectionism) China has stepped up against large firms violating anti-collusion laws. This time, [...]

By | 2017-08-23T11:16:14+00:00 March 24th, 2015|International Economics, Micro|Comments Off on Anti-collusion regulations in action in China

Increasing competition in the Mexican telecommunications industry

The Dallas Morning News: In latest Mexico deal, AT&T escalates competition with Carlos Slim Article published: Jan 26, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market structures: oligopoly, monopoly; non-price competition) The telecommunications industry in Mexico is under change as AT&T has growing market power thanks to [...]

By | 2017-08-23T11:16:03+00:00 March 22nd, 2015|Micro|Comments Off on Increasing competition in the Mexican telecommunications industry

Irish govt’: price floor on alcohol to decrease the negative externalities of its consumption

Irish Examiner: 200 fewer deaths with minimum €1 alcohol price Article published: Mar 13, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, negative externalities) By setting a minimum price on alcohol, the Irish govt' aimed at reducing the consumption of this demerit good. They seem to [...]

By | 2017-08-23T11:15:58+00:00 March 22nd, 2015|Micro|Comments Off on Irish govt’: price floor on alcohol to decrease the negative externalities of its consumption

As sales decline, reform is on the way for McDonald’s

USA Today: McDonald's sales continue to slide Article published: Mar 9, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics With declining sales, McDondald's plans to increase its brand loyalty/recognition by "enhancing the restaurant experience" to "reassert McDonald's as a modern, progressive burger company." You can show a decreased [...]

By | 2017-08-23T10:57:02+00:00 March 10th, 2015|Micro|Comments Off on As sales decline, reform is on the way for McDonald’s

Price of sugar down because of overproduction – subsidy awaited

International Business Times (India): Mills Sell Sugar at Lower Rates to Pay Farmers as they Wait for Subsidy Article published: Feb 11, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (demand/supply, govt' intervention) Source of image: Agrodaily.com Do you need a little boost with IB Economics? Register for private [...]

By | 2017-08-23T10:57:21+00:00 March 3rd, 2015|Micro|Comments Off on Price of sugar down because of overproduction – subsidy awaited

U.S. agriculture delegation visits Cuba

Reuters: U.S. agriculture delegation visits Cuba, protests embargo Article published: Mar 2, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (opening up new markets - boosting demand) and International Economics (trade agreements) Source of image: endthesanctions.com Do you need a little boost with IB Economics? Register for private lessons here. [...]

By | 2017-08-23T10:57:35+00:00 March 3rd, 2015|International Economics, Micro|Comments Off on U.S. agriculture delegation visits Cuba

Starbucks offering coconut milk as demand grows

Reuters: Starbucks' U.S. shops turn to coconuts as non-dairy demand soars Article published: Feb 4, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics As consumer tastes have changed Starbucks is now offering coconut milk next to soy milk. Also while there is a growing demand for coconut [...]

By | 2017-08-23T10:59:03+00:00 February 26th, 2015|Micro|Comments Off on Starbucks offering coconut milk as demand grows

Decreasing federal aid to Maryland highways

CBS Baltimore: Federal Aid For Md. Highways Down 9 Percent From 2008-2013 Article published: Feb 21, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics As federal aid is going down, prices are increasing. Source of image: CBS Baltimore Do you need a little boost with IB Economics? Register for [...]

By | 2017-08-23T11:00:47+00:00 February 25th, 2015|Micro|Comments Off on Decreasing federal aid to Maryland highways

Oil transportation taxed in Canada

Reuters: Canada demands oil trains carry more insurance, levy imposed Article published: Feb 21, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics The negative externality of railway oil transportation is taxed by the Canadian Transport Minister. Perfect topic to look into the negative externality of production. Another recent [...]

By | 2017-08-23T11:00:58+00:00 February 22nd, 2015|Micro|Comments Off on Oil transportation taxed in Canada

The effects of low oil prices on Americans

The Washington Post: What do falling oil prices mean for the U.S. in the short and long term? Article published: Feb 14, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics A bit longish article but provides a great analysis of how the U.S. economy is influenced by the [...]

By | 2017-08-23T11:01:11+00:00 February 19th, 2015|Micro|Comments Off on The effects of low oil prices on Americans

Substitution effect at work

Reuters: Asian supply lines hit by West Coast ports dispute Article published: Feb 16, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics As the dispute of workers at U.S. West coast ports cause huge delays for Asian suppliers, many large firms start shipping by air fright. Supply, [...]

By | 2017-08-23T11:01:21+00:00 February 17th, 2015|Micro|Comments Off on Substitution effect at work

OPEC’s power decreasing

CNN Money: End of OPEC is closer to reality Article published: Feb 10, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics and International Economics Source of image: IT Works for Business You might also want to have a look at these charts about oil output, demand and U.S. [...]

By | 2017-08-23T11:01:39+00:00 February 14th, 2015|International Economics, Micro|Comments Off on OPEC’s power decreasing

Pollution causes numerous deaths in Chinese village

The Guardian: Chinese government investigates 'cancer village' pollution case Article published: Dec 10, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, negative externalities) The negative externalities of production (in the form of severe pollution) is causing people to die of cancer in the Chinese village of Taoyuan. Source of [...]

By | 2017-08-23T11:03:06+00:00 December 10th, 2014|Micro|Comments Off on Pollution causes numerous deaths in Chinese village

Hazardous loan wavers in India

Bloomberg: India’s Most Powerful Banker Warns of Loan Waiver Hazards Article published: Sep 11, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Section 1, Microeconomics Chairman of the State Bank of India (the largest lender of India, not to be confused with the Reserve Bank of India [...]

By | 2017-08-23T11:03:18+00:00 September 11th, 2014|Micro|Comments Off on Hazardous loan wavers in India

E-cigarette – causing negative or positive externalities?

BBC: 'Ban E-cigarette use indoors,' says WHO Article published: Aug 26, 2014 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Section 1, Microeconomics While it is pretty obvious that cigarettes cause negative externalities of consumption, what about e-cigarettes? An interesting article if you are into market failure, health regulations, [...]

By | 2017-08-23T11:04:09+00:00 August 31st, 2014|Micro|Comments Off on E-cigarette – causing negative or positive externalities?
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