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

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

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

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
Go to Top