Andy's PJE 2013-15 SL Economics class

This is my article for this week's topic - negative externality. The article above relates to waste disposal issues in Thailand. My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2013/12/12-2_-_Negative_Externality - Bee

"The slowdown in the eurozone and US has hurt Asia's manufacturing and export sectors"

This talks about Ontario's problem and how they are going to deal with nuclear waste, which is a negative externality of nuclear power.

A negative externality of smoking

This is my article for this week's topic - price controls. The article above relates to Thailand's government's attempt to control prices of goods. My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2013/11/11-2_-_Price_Control_Newsstand - Bee

The following article discusses how the strict price controls set in the Venezuela are causing more harm then benefit. The ceiling prices are set so low that producers cannot make a profit anymore, causing a reduction of production but an increase in demand. This is causing a crisis in Venezuela where people struggle to purchase the goods which are being produced less and less due to the price controls.

For years, Americans have heard warnings about high health spending: The U.S. spends a greater percentage of its economy on health care than any other nation, and the trend lines make clear that in future years we'll be spending more still. More recently, we've seen media attention focus on the prices that Americans pay for medical services.

Sinopec profit raises directly link to the relaxation of fuel price controls. Sinopec is a government control company, which controls a great deal of the lucrative oil market. When the government eased the fuel price control, it meant that the price could be increased by the oligopoly. This allowed greater margin of profits, which will benefit Sinopec and the government in terms of taxes. The problem is that when price of fuel which is an essential inelastic commodity increases, the inflation will increase for the average consumer. The consumer will have to pay more his daily consumption, which will affect the prices of the goods and services that he is selling.

The UK price floor for tobacco.

Is the UPA government contemplating a return to price controls?

This article talks about a 12.5% excise tax on tobacco in Australia which is supposed to boost the Australian economy and to reduce smoking-cancer.

This article talks about the change in taxation of cigaretts.

Colorado voters approve 25 percent taxes on recreational marijuana

As many of us know Marijuana is on its way of being decriminalized and legalized in the U.S., some states like Washington and Colorado have already legalized Marijuana completely. Now people in Colorado have voted for a 15% excise tax on wholesale and a 10% sales tax on retail Marijuana to help regulate the trade.

This is my article for this week's topic - excise tax The article above relates to the raise in commodity prices in Egypt. My write-up can be viewed here: http://bit.ly/17HFScQ - Bee

this article is about energy companies saving millions by avoiding tax bill by using legal loopholes. this article explains the impact on the economy of countries when this kind of unethical methods are used to avoid tax.

The Thai government wants to increase the alcohol average tax by a significant percentage. The tax ceiling for the beer and wine will increase to 2000 baht per liter, which is very significant. This is aimed at increasing the government revenue, as the demand for alcohol is inelastic and increasing in consumption. Thailand has a significant percentage of foreign tourist and foreigners living in the country who enjoy alcoholic beverages. Locals are increasing in their income inelastic and consuming more alcohol. This will hopefully reduce the demand, as alcohol is extremely addictive and have negative externalities such as dream driving causing many innocent deaths.

Shows how different places have varied incomes.

This article should realte to week nine. It talks about Income elasticity of oil prices and personally I find it quite interesting.