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

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

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BBC: Calories in popular foods must be cut, say health officials Article published: Aug 18, 2017 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, negative externalitites) Public Health England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

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NY Times: W.H.O. Urges Tax on Sugary Drinks to Fight Obesity Article published: Oct 11, 2016 – out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (negative externalities of consumption) The World Health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BBC: Childhood obesity plan 'to include 20% sugar cuts' Article published: Aug 17, 2016 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (negative externalities of consumption) The consumption of food and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

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

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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