No water available in Australian school

//No water available in Australian school

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 operations.” This is a great article about an unfortunate case where local water supplies are running low due to the severe drought in the Mount Tamborine area, where residents do not have access to reticulater water (piped-water supplies). You can choose to write about many different economic concepts here (make sure you keep your focus on one or two of these):

  • negative externalities of production (i.e. Coca-Cola production leading to no water in the school, parents to be warned to consider not sending their children to school)
  • threats to sustainability (think of water supplies: “What might have potentially been a sustainable business at one point in time, that’s no longer sustainable.”)
  • resource allocation (should the government intervene perhaps?)

Source of image: Wikipedia

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

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 6 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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