Shortage Continues in the UK

Guardian: Is Brexit or Covid to blame for Britain’s supply chain crisis? Article published: 24 Sep,  2021 IB Economics syllabus: Microeconomics (demand & supply, shortage, interdependence) Brexit and the pandemic have led to a huge shortage of low-skilled labour in the UK, especially in the food and drink industries. As a result, of less [...]

By |2021-10-19T12:39:07+00:00October 19th, 2021|Micro|Comments Off on Shortage Continues in the UK

Plain Packaging of Tobacco from Jan 2022 in Jersey

itv: Jersey to introduce 'standardised' tobacco packaging Article published: 30 Jun,  2021 IB Economics syllabus: Microeconomics (market failure, demerit goods, government intervention) Tobacco products on Jersey will have plain packaging so that these demerit products have less appeal to consumers. This is one of multiple measures (including taxation) to try to cut smoking in [...]

By |2021-10-11T13:29:07+00:00October 15th, 2021|Micro|Comments Off on Plain Packaging of Tobacco from Jan 2022 in Jersey

Record Number of Cargo Ships Queueing at California Ports

BBC: Record backlog of cargo ships at California ports Article published: 21 Sep,  2021 IB Economics syllabus: Microeconomics and Global economics (non-price determinants of supply, international trade) This article talks about the increasing number of cargo ships that are waiting to discharge their containers at the ports of California, "which handle 40% of all [...]

By |2021-10-11T13:07:09+00:00October 13th, 2021|Global economics, Micro|Comments Off on Record Number of Cargo Ships Queueing at California Ports

Are Biofuels that Clean? Probably Not – at Least for Now

The New York Times: Biden Outlines a Plan for Cleaner Jet Fuel. But How Clean Would It Be? Article published: 13 Sep,  2021 IB Economics syllabus: Microeconomics (market failure, negative externalities, government intervention, sustainability) Note that this article is over two pages, so it should not be used as an article for your IB [...]

By |2021-10-11T12:52:25+00:00October 11th, 2021|Micro|Comments Off on Are Biofuels that Clean? Probably Not – at Least for Now

The Green Premium – by Bill Gates

While this is not an IB Economics commentary article, this video provides a great idea about how to reach zero emissions by 2050. As Gates argues, we should use alternative ways for generating "electricity, transportation, growing food, heating buildings and making materials like steel and cement" without emitting greenhouse gases. However, right now, [...]

By |2021-09-16T14:17:52+00:00October 1st, 2021|Micro|Comments Off on The Green Premium – by Bill Gates

Road Pricing as a Means to Prevent Congestion in the UK

The Guardian: Road pricing may be the best option as number of electric cars rises Article published: 12 Sep,  2021 IB Economics syllabus: Microeconomics (government intervention) This article is an opionion-based one, and as such does not report about a news event. Therefore, perhaps this is not the best one for a microeconomics commentary, [...]

By |2021-09-13T15:09:50+00:00September 29th, 2021|Micro|Comments Off on Road Pricing as a Means to Prevent Congestion in the UK

The External Costs of the Salmon Industry of Chile

This is a great short documentary that presents the external costs of industrial salmon farming in Chile. While obviously this is not suitable for a commentary as it's a video (and was published in 2019), it still gives a good insight into negative externalities of production. Therefore, it is a clear example of [...]

By |2021-09-13T12:58:57+00:00September 22nd, 2021|Micro|Comments Off on The External Costs of the Salmon Industry of Chile

No More Leaded Gasoline Use on Roads

CNN: Cars have been guzzling leaded gasoline for 99 years. Not any more Article published: 30 Aug,  2021 IB Economics syllabus: Microeconomics (market failure, negative externality, government intervention) The United Nations Environment Programme (UNEP) has announced that leaded gasoline for use on roads is finally banned worldwide. This comes with the Algeria being the [...]

By |2021-09-13T13:16:47+00:00September 20th, 2021|Micro|Comments Off on No More Leaded Gasoline Use on Roads

Speed Limit Set at 30km/h in Paris

BBC: Paris speed limit falls to 30km/h Article published: 30 Aug,  2021 IB Economics syllabus: Microeconomics (market failure, externalities, government intervention) The speed limit has been reduced to 30km/h in most of Paris among other French cities in an attempt to reduce "accidents, and reduce noise and pollution." This is a great article to [...]

By |2021-09-08T13:15:50+00:00September 17th, 2021|Micro|Comments Off on Speed Limit Set at 30km/h in Paris

Rent Control Leads to Shortage in Sweden

BBC: Why rent control isn’t working in Sweden Article published: 27 Aug,  2021 IB Economics syllabus: Microeconomics (government intervention, price control, maximum prices) It seems that rent control doesn't really work in Sweden, where the inevitable shortage now leads to an "average waiting time for a rent-controlled property [of] nine years" in Stokholm. Intervention would [...]

By |2021-09-08T12:14:57+00:00September 13th, 2021|Micro|Comments Off on Rent Control Leads to Shortage in Sweden

Global Chip Shortage Hurts Car Manufacturers

CNBC: Major automakers fear the global chip shortage could persist for some time Article published: 6 Sep,  2021 IB Economics syllabus: Microeconomics (demand and supply, shortage) Partly due to coronavirus, many factories producing semiconductors have shut down in Malaysia. This has led to a huge shortage of chips, using silicon and consequantly has negatively affected [...]

By |2021-09-08T09:51:25+00:00September 8th, 2021|Micro|Comments Off on Global Chip Shortage Hurts Car Manufacturers

Milkshake Shortage in the UK

BBC: McDonald's runs out of milkshakes in England, Scotland and Wales Article published: 24 August,  2021 IB Economics syllabus: Microeconomics (demand and supply, shortage) Due to a shortage of truck drivers, milkshakes and bottled drinks are unavailable in as much as 1250 McDonald's outlets across the UK. Thus, due to the lower availability of [...]

By |2021-09-01T19:38:42+00:00September 1st, 2021|Micro|Comments Off on Milkshake Shortage in the UK

Overfishing: Market Failure at its Best

BBC: Extinction: Freshwater fish in 'catastrophic' decline Article published: February 23,  2021 IB Economics syllabus: Microeconomics (market failure, common pool resources, sustainability) "A "catastrophic" decline in freshwater fish" is caused by the fact that all over the world they are a good (and sad) example of a common pool resource. This is because they [...]

By |2021-03-20T16:59:22+00:00March 20th, 2021|Micro|Comments Off on Overfishing: Market Failure at its Best

Public transport made free in Luxembourg

CNN: Luxembourg makes all public transport free Article published: March 2, 2020 IB Economics syllabus: Microeconomics (positive externality of consumption, government intervention) This article talks about public transport becoming completely free in all of Luxembourg. This is because the richest country of the EU can afford to absorb the costs of public transport as they believe that [...]

By |2020-03-05T13:00:59+00:00March 5th, 2020|Micro|Comments Off on Public transport made free in Luxembourg

Only electric cars to be sold in the UK by 2035

BBC: The UK just gave the car industry 15 years to ditch fossil fuels Article published: Feb 4, 2020 IB Economics syllabus: Microeconomics (market failure, externalities of consumption) The UK government has decided to ban the sale of all new cars that burn fossil fuels by 2030 in a bid to reach net zero carbon emissions by [...]

By |2020-02-21T15:52:14+00:00February 21st, 2020|Micro|Comments Off on Only electric cars to be sold in the UK by 2035

Coronavirus and the hockey stick shortage

CBS Sports: How the coronavirus is creating an NHL stick shortage Article published: Feb 11, 2020 IB Economics syllabus: Microeconomics (demand and supply, market equilibrium, shortage) This is an interesting article about how the infamous coronavirus can lead to a lack of supply of hockey sticks in North America. Interestingly, as most of the hockey sticks are [...]

By |2020-02-12T22:44:52+00:00February 12th, 2020|Micro|Comments Off on Coronavirus and the hockey stick shortage

Committee on Climate Change: meat and dairy consumption must be cut by a fifth

BBC: Cut meat and dairy intake 'by a fifth', report urges Article published: Jan 23, 2020 IB Economics syllabus: Microeconomics (market failure: threats to sustainability) According to the latest report by the Committee on Climate Change of the UK, "people should cut the amount of beef, lamb and dairy produce they eat by a fifth to combat climate [...]

By |2020-02-08T23:03:28+00:00February 8th, 2020|Micro|Comments Off on Committee on Climate Change: meat and dairy consumption must be cut by a fifth

When “going green” kills – the hidden costs of denuclearizing Germany

Wired: Germany Rejected Nuclear Power—and Deadly Emissions Spiked Article published: Jan 23, 2020 IB Economics syllabus: Microeconomics, (market failure, negative externalities of production, sustainability) The social costs of "going green": it was believed that shutting down nuclear power plants in Germany is a step forward to sustainability. However, a recent study shows that this has led [...]

By |2020-02-06T15:34:42+00:00February 3rd, 2020|Micro|Comments Off on When “going green” kills – the hidden costs of denuclearizing Germany

New York Times article on global air pollution and the fight against it

The New York Times: See How the World’s Most Polluted Air Compares With Your City’s Article published: Dec 2, 2019 IB Economics syllabus: Microeconomics (market failure, negative externalities of production, sustainability, equity in the income distribution, economic development) This is a fantastic and interactive article about air pollution - a global problem. As such, it touches upon [...]

By |2020-01-20T09:42:36+00:00January 20th, 2020|Micro|Comments Off on New York Times article on global air pollution and the fight against it

How (not to) change people’s commuting behavior

Harvard Business Review: Why It’s So Hard to Change People’s Commuting Behavior Article published: Dec 24, 2019 IB Economics syllabus: Microeconomics (negative externalities of consumption - solutions) A great article from the Harvard Business Review about how to change people's commuting behavior. This is not really suitable for a microeconomics IA, as it is not about a [...]

By |2020-01-14T23:05:43+00:00January 14th, 2020|Micro|Comments Off on How (not to) change people’s commuting behavior

Booking.com promises to change deceptive offers

Bloomberg: Booking.com agrees to EU demands to change travel offers Article published: Dec 20, 2019 IB Economics syllabus: Microeconomics (theory of the firm, monopoly power) This article shows how one of the largest European travel fare aggregagator website uses aggressive and not too fair tactics to make users book reservations through their website. More specifically, the article [...]

By |2019-12-31T07:28:57+00:00December 31st, 2019|Micro|Comments Off on Booking.com promises to change deceptive offers

A letter that saved lives

The New York Times: The I.R.S. Sent a Letter to 3.9 Million People. It Saved Some of Their Lives. Article published: Dec 10, 2019 IB Economics syllabus: microeconomics (government intervention, nudge economics) While this article is not suitable for an IB economics IA (partly because it's too long, and partly due to the topic it covers), [...]

By |2019-12-30T15:13:53+00:00December 30th, 2019|Micro|Comments Off on A letter that saved lives

Cobalt production leads to 10,000 families losing their homes in DR Congo

The North Africa Post: DR Congo to relocate 10,000 families from cobalt-rich region Article published: Dec 18, 2019 IB Economics syllabus: microeconomics (negative externalities of production) Authorities in the Democratic Republic of Congo plan to relocate 10,000 families from a town which is rich in cobalt. This is due to the fact that the resource is worth [...]

By |2019-12-27T13:58:56+00:00December 21st, 2019|Micro|Comments Off on Cobalt production leads to 10,000 families losing their homes in DR Congo

No water available in Australian school

The Guardian: Queensland school runs out of water as commercial bottlers harvest local supplies Article published: Dec 12, 2019 IB Economics syllabus: Microeconomics (demand & supply, market failure, sustainability) "The Tamborine Mountain state school has run out of water, even as water miners in the Gold Coast hinterland are sending millions of litres to commercial bottling [...]

By |2019-12-16T19:58:36+00:00December 16th, 2019|Micro|Comments Off on No water available in Australian school

India bans e-cigarettes

CNN: India is banning all e-cigarettes over fears about youth vaping Article published: Sep 18, 2019 IB Economics syllabus: Microeconomics (negative externality of consumption, government intervention) India has completely banned all e-cigarettes in the hope to cut all the adverse health issues associated with them. While smoking is usually shown by a negative consumption externality diagram, an [...]

By |2019-09-28T11:38:07+00:00September 28th, 2019|Micro|Comments Off on India bans e-cigarettes

Price of rice in Japan – Planet Money podcast

Planet money: The Price Of Rice In Japan IB Economics syllabus: Microeconomics (demand and supply, non-price determinants) This interesting short podcast is about the market of rice in Japan, and how it has changed over the past decades. It answers an exciting question: how on earth does the price of rice keep going up even if [...]

By |2019-09-19T11:59:25+00:00September 19th, 2019|Micro|Comments Off on Price of rice in Japan – Planet Money podcast

Calorie Reduction Plan in England

BBC: Calories in popular foods must be cut, say health officials Article published: Aug 18, 2017 – out of date: no longer suitable for your IB Economics commentary 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 [...]

By |2018-10-25T04:12:02+00:00August 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 – out of date: no longer suitable for your IB Economics commentary 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 [...]

By |2018-10-25T04:13:23+00:00December 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 – out of date: no longer suitable for your IB Economics commentary 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 [...]

By |2018-10-24T03:42:27+00:00October 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 – out of date: no longer suitable for your IB Economics commentary 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 [...]

By |2018-10-24T03:42:10+00:00October 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+00:00October 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+00:00September 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+00:00May 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+00:00April 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+00:00March 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+00:00March 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+00:00March 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+00:00March 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+00:00March 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+00:00March 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+00:00March 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+00:00February 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+00:00February 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+00:00February 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+00:00February 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+00:00February 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+00:00February 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+00:00December 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+00:00September 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+00:00August 31st, 2014|Micro|Comments Off on E-cigarette – causing negative or positive externalities?
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