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

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

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

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

Where does the garbage of the first world end up?

Wired: Inside the Hellscape Where Our Computers Go to Die Article published: Apr 23, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Development Economics (poverty, inequality, market failure, pollution) “PEOPLE LOVE GADGETS — especially shiny new ones. Bigger screens. Faster processors. Slimmer profiles. But what happens to our mobile phones, [...]

By |2017-08-23T10:51:50+00:00May 2nd, 2015|Development Economics|Comments Off on Where does the garbage of the first world end up?

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

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

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

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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