Negative Externalities - Peruvian Fish Industry causes a stink
A good introduction here to negative production externalities, with the fishmeal industry in the Peruvian coastal town of Chimbote, responsible for air and marine pollution.
Economics Weekly Quiz - 21 January 2022
Here's our weekly economics news quiz! What are the latest inflation and unemployment figures for the UK? Which financial institution is considering moving out of its iconic London HQ? GSK turned...
Economic Growth for the African Cup of Nations countries - Higher or Lower activity
Here's a quick activity to run with your economics students if they are currently following the African Cup of Nations (AFCON) football tournament. On this 'higher or lower' activity, students are...
2022 Oxfam Inequality Report - Wealth of world's 10 richest men doubled in pandemic
Oxfam notes that whilst the rest of the world saw incomes fall during the pandemic, the wealthiest 10 ten men have seen their wealth increase by $1bn per day.
Horizontal Integration - Unilever pursues £50bn-plus mega-merger
There's a mega-merger on the cards with Unilever eyeing up GlaxoSmithKline's healthcare and consumer goods arm, adding Sensodyne toothpaste, Panadol and Centrum vitamins to its portfolio.
Robotics and Logistics - Economies of Scale in Action!
You might consider this clip as an example of technological innovation, or, perhaps and example of economies of scale.
Development Barriers - Asymmetric Impact of Climate Change
This Guardian article highlights the asymmetric effects of climate change, looking at 10 under-reported climate crises and how the affect the developing world.
Economics Weekly Quiz - 14 January 2022
Here's our weekly economics news quiz! In which month of 2021 did the UK economic output reach pre-pandemic levels? The UK started trade talks with which of the BRICS countries? Which energy...
Wolmar makes the case for UK rail nationalisation
Leading railway author, Christian Wolmar, writes in the Guardian making the case for the re-nationalisation of the railways.
Mixed externalities - the green credentials of wood pellets
The complexity of environmental policy is laid bare in this investigation into the green credentials of burning wood pellets as an a energy source.
Circular Economy: Insect and Hydroponic Farming
This World Bank clip looks at two ways that food production might increasingly become part of the circular economy.
Labour Market: Sainsbury's raises pay to £10 an hour
Sainsbury's have announced that they are going to increase the basic rate of pay to £10 per hour matching Morrisons, and the discounters Lidl and Aldi.
Externalities - The Human Cost of Marine and Traffic Pollution
Many teachers covering the negative externalities from pollution might want to use these short video and audio clips as part of their course.
Development Economics: Is China burdening low income countries with unsustainable debt?
This is a fascinating article that looks at the extent to which Chinese lending to developing economies is a tool to increase its geopolitical influence.
Economics Weekly Quiz - 07 January 2022
Happy new year and welcome back! Here's our first weekly economics news quiz for 2022! The annual meeting of which world leaders and business chiefs in which town has been suspended? Which sector...
RAC claims motorists are being ripped off by £5 million a day
Petrol prices in the spotlight again here with the RAC claiming that motorists are being ripped off.
Carbon shift - 65% of new cars bought in Norway are electric
65% of new cars bought in Norway are electric. You might be surprised that an oil producer is so keen to encourage electric car take-up.
Market Failure - Scotland bans single-use plastic
Scotland is adopting legislation to outlaw the use of single use plastics from summer 2022 covering items including food containers, presumably for deep fried Mars bars.
Is Sri Lanka on the point of bankruptcy?
This Guardian article looks at how the pandemic has had a severe impact upon the Sri Lankan economy.
UK energy crisis - should the Government cut green taxes?
The UK energy crisis rumbles on. A number of Conservative MPs have written to the PM to ask for action to lower energy bills - possibly by lowering environmental taxes.