Top Tweets for #theme1micro
This is a fantastic real world example of the use of an intervention to try to correct a market failure, with the certificate of entitlement required to purchase a family car in Singapore having risen to $146,002 ($106,619; £87,684). https://t.co/HGCZ6h9ySt #theme1micro
The Plastics Packaging Tax raised £207 million, 15% of pollution and resources taxes, in 2022 – the first year for which revenue was received. Great case study for #theme1micro
Externalities and Market Failure - Councils urged to keep vapes out of sight of children https://t.co/a9HDSHYjwC - great case study issue for those teaching market failure and government intervention #theme1micro
This is a fantastic example of the concept of derived demand. The number of business premises used for transport, logistics and warehousing in the UK has almost doubled in the last decade, new analysis shows.
#theme1micro #demand #economics
Really good contextual example for #theme3micro and #theme1micro Price Discrimination: FCA acts to end price gouging of loyal customers https://t.co/gb4JKLETOA via @tutor2u
Classic supply and demand in action; Coffee hits 10-year high as shipping bottlenecks squeeze supply https://t.co/OI7TPn3GUA "The sharp rise in bean prices has also led to hoarding by farmers, limiting the flow of exports and adding to the upward pressure on prices." #theme1micro
Positive externalities from consumption. Woodland walks save UK £185m a year in mental health costs, report finds https://t.co/cSlSq87T1x #theme1micro
Another top example for Year 12 students looking at the price mechanism. Coffee prices soar as poor harvests hurt supply https://t.co/ubPNRn99Q0 #theme1micro
There is a neat little #theme1micro case study here on shifting S&D and likely coefficient for PED. Bread prices to soar 20% as wheat prices hit nine-year high https://t.co/7KCtZPE9Qc - time for some more toast!
NEW BLOG: Sustainable growth - meeting welfare needs within planetary boundaries https://t.co/dgd2cMkqCK via @tutor2u important for #theme1micro
A unbelievably good applied example of buying power (bi-lateral monopoly?) purchasing economies of scale, elasticity of supply and much else! #theme1micro
Hertz orders 100,000 Teslas in largest-ever order for the electric car manufacturer https://t.co/WvwalyiTel
Trainers worn by US basketball star Michael Jordan have sold for a record $1.47m (£1.1m) at auction 👟💰😲
https://t.co/ik9gRrnOK1
NEW VIDEO: Price Mechanism - Economics of Secondhand Car Prices https://t.co/zgGfkwch5z via @tutor2u #theme1micro #pricemechanism
Dynamic efficiency and economies of scale. The shift towards vertical farming continues. ‘It’s not as carbon-hungry’: UK’s largest sunlit vertical farm begins harvest https://t.co/yfK9kOzWw1 #theme3micro #theme1micro
Fascinating - barriers to entry coming down but perhaps risk of congestion and collisions? (Space as a quasi public good?) https://t.co/5O9Fk9X9Po "The space sector needs to find smarter ways to track objects in orbit and to command timely avoidance manoeuvres" #theme1micro
I think the elasticity of supply of glass vials will become a hot microeconomic topic in the days and weeks ahead - 20 million doses manufactured but only 4 million vials available at present #theme1micro
BREAKING NEWS: The Government has accepted @MHRAgovuk recommendation for authorisation of @OxfordVacGroup/@AstraZeneca's #COVID19 vaccine for use in the UK.
This follows:
✅ clinical trials
✅ data analysis
✅ MHRA authorisation
Read full statement:
https://t.co/Q7axT6mXWN
Modern slavery in the British labour market - long hours at below the minimum wage - undocumented workers and monopsony power - surely grounds for much tougher government intervention? #theme1micro #theme3micro Failure to act is government failure. https://t.co/H3KbcLcGFv
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