Group items tagged

Externalities of production - This article relates to how environmental disasters lead to a  negative externalaty

This article describes the impact of the Ebola virus on the economic development in Western Africa. The lack in health infrastructure has not only lead to negative economic growth, however it has also led to the decreased use of education and healthcare services, increased job losses, rising food prices, agricultural disruption, increased poverty, increased child and maternal mortality, and increased the spread of HIV/AIDS. The initially poor infrastructure in Western Africa has led to negative development.

Walmart is considered to be the business number one in the world, in terms of revenue. However, from this article you can clearly see how their behavior towards stakeholders is really unethical. Many other articles also talk about how they treat their employees. This makes it clear that there is a negative externalize involved with this business. 

This article talks about how the number of children submitted to hospital with asthma has decreased by 12% after smoking bans were put in place. This shows that the externality created by smoking is negative, it does not only affect the individual but the society as well therefore the social costs are greater than the private benefits. It shows how government intervention helps reduce the negative externalities.

The article: http://www.bbc.co.uk/news/health-21067532 This article talks about how the "number of children admitted to hospital with severe asthma" has decreased by 12% in the first year after the ban on smoking in public places. It is also thought that people are opting for smoke - free homes as well, further reducing the negative externalities of smoking.

This article relates to equilibrium and price mechanism because it describes changes in impacts of the market. Stakes are growing, there are "intensified speculation about America's long-term stability" due to a downgrade in the country's credit rating, and an unstable state at the "fiscal cliff". These worries and a political impasse in Washington are some impacts that has threatened negative economic repercussions in the US, moving the market equilibrium. In response to changes in price, resources are allocated and re-allocated. However, profits are still able to be made making the equilibrium more stable without excess demand and supply, due to that the US has its popular culture and economic innovation, helping the country to retain attractive qualities for many foreigners.

I think this is a very serious matter, that could affect the world's over all economy if it goes on for a while. We can see that obviously a majority of the world's largest companies are american and based in america. If this effects any of those companies, the market they operate at will see a big change, both in the good way and the bad one.

This is a very interesting article because it presents a well-known health care reform in the context of a supply-side policy. The article is about how Republicans have been blaming Obamacare for having negative supply-side effects on the economy and the labour force by reserving budgets for subsidising the system.

Republicans believed that supply rather than demand was to be blamed for the economy's state. However, there has been clear evidence that the job market was held back due to low demand. The article then starts to delve int Obamacare and how it had negative supply-side effects on the economy.

Obamacare is nothing new - it has been debated about for months, if not years, in one shape or form. This problem with Obamacare is that it has negative supply-side effects. These effects were offset by a half, with the presence of Medicaid, but now that the subsidies for health care have shrunken, the marginal tax rate would rise, thus discouraging people to find work and keep working. Politicians are pushing for supply-side reforms, but the Congress isn't budging due to the possibility that Obamacare, an expensive and time-consuming venture, might be scrapped.

I found this article interesting even if it still has to do with microeconomics. I tals about the meat monopolistic competition in U.S. that is more of a monopoly than a perfect competition. It describes how the monopoly have negative externalitites because of poor animal treatment and conludes by stating that the market should become more competitive and differentiated.

This article demonstrates how the BBC monopoly was ended in 1955. It shows that monopoly is a bad thing and that it actually harms the consumer ( in this case the people who watched Tv). BBC's monopoly was somehow used to change people's point of view or to make them think in a certain way. This demonstrated the negative sides of a monopoly. 

This article relates to externalities of production, since air pollution caused by industries and transport emissions is classified to be carcinogenic to humans and raises the risk for illness. The harmful effect the industries make, causes a negative externality upon the third party- the society breathing in polluted air, who indirectly receives an extra cost by the pollution.

This article states that air pollution is the main cause of cancer. In terms of economics, this means that it is an external cost of production received in consumption - as the process of recovering from cancer is very costly.

This article describes how processed food and fast food have many negative externalities which in the end makes them cost more than organic foods which are more expensive in the stores. Processed foods may be cheaper than organic food, however the pollution during the process of producing the food, the health problems involved and the low wages which are unpaid for are all consequences which in the end will make these foods cost more.

This article explains how the utilisation of Structural Adjustment Policies in developing African countries is failing to bring about the growth they are claimed to achieve. SAP's were designed to achieve economic diversification and reduce poverty among other things but the author of this article argues that they have not achieved any of these any of these aims. SAP's are an example of government intervention in a market to prevent negative externalities.

this article is very interesting. It illustrates how the government could affect the private business. This could be by imposing taxes on them. This article is talking about the American Federal government. In this case, the government is imposing more and more taxes which is increasing the cost on businesses. This affects negatively their ability to supply and global combativeness. What i also liked about the article, is the amount of measured data it contains. there are many numbers that help you understand what happened and what will happen.

This article discusses the impact of oil imports on the Pakistani balance of payments. In Pakistan, each year approximately 5 billion dollars worth of oil is imported due to its heavy consumption, which has a large impact on their balance of payments. Their large number of imports gives them a negative balance of payments and therefore slow down economic growth and impacts other parts of the economy. In the article it is suggested that the Pakistani use domestic coal for power production rather than importing as much oil, which could half the amount of money spent on oil imports therefore reforming their balance of payments.

This article explains how the recent stand-off crisis in Ukraine is having a negative effect on the Russian economy, with the Rouble taking a further fall and GDP growth estimates being revised downwards. Predictably sanctions imposed by the west on Russia in response to the occupation of Crimea, an autonomous region of Ukraine populated largely by ethnic Russians, have affected businesses in Russia. We learn from the article that some $60 billion valuation has been lost by Russian companies in light of the tensions. This article relates to the macroeconomic concept of circular flow being a complex process with international trade and governments being involved majorly in proceedings.

This might look like a very short article, however, i found it to pretty much sum up the whole theory, Aggregate demand is influenced by the government and hence decisions must be taken to increase aggregate demand. However, they must pay attention to other factors such as inflation and unemployment. this is what happens in real life. It is not just making the decision or finding a solution, it is also considering consequences and real needs and the ability to conduct a change. 

The author discusses the problem of shortage and other negative effects caused by regulating prices. He also charaterize people who argue that price controls are beneficial. The society, according to Art Carden, determines whether to use aforementioned regulations or not, and therefore should not be proud of making utopian schemes that in reality are detrimental.

When free markets do not maximise society's welfare, they are said to 'fail' and policy intervention may be needed to correct them. Many economists have described climate change as an example of a market failure - though in fact a number of distinct market failures have been identified.

This article talks about how Ed Miliband wanted to cap the price on domestic fuel. His policy aimed at restricting how much people would have to spend on energy so as to improve their general purchasing power as well as reducing business costs. This affects the suppliers negatively as it will reduce their profits, however it might also increase consumer demand.

The article talks about the fact of how cigarette taxes are increasing due to the elasticity of demand

Very interesting article Aleksi however I believe the taxes on cigarettes are so high also because it is a product which affects the consumer's health negatively

This article is about the unemployment and the negative sides of the unemployment benefits. "Whatever administrative burden they might face pales in comparison to the burdens confronting the long-term unemployed."