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

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

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

The Global Risks Report 2020

World Economic Forum: The Global Risks Report 2020 Article published: Jan, 2020 IB Economics syllabus: Microeconomics, Macroeconomics, International Economics, Development Economics (market failure, negative externalities of production, sustainability, equity in the income distribution, economic development) One week before the World Economic Forum in Davos, the Organization published their Annual Risk Report, in which experts analyze the threats facing [...]

By |2020-01-30T14:13:53+00:00January 30th, 2020|Development Economics|Comments Off on The Global Risks Report 2020
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