‘Eat Local ‘ Government Advertising Domestic Produce
Why would a government encourage consumers to ‘buy local’?
What impact would this have on the demand / supply diagram for these products?
How could this be considered a form of protectionism?
IB Economics: Why might a government introduce this together with certain price controls (such as a minimum price / Buffer stock programme)?
| Print article | This entry was posted by James Penstone on November 9, 2010 at 11:10 am, and is filed under Economics, IB Economics, IGCSE Economics, Microeconomics. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
No comments yet.
No trackbacks yet.
Composition in Photography
about 12 years ago - No comments
This post includes a few useful links and one video to help you explore one of the most important elements of good photography … composition. 10 Top Photography Composition Rules by PhotographyMad 5 Elements of Composition in Photography by Digital Photography School 5 More Elements of Composition in Photography by Digital Photography School…
Differences in Earnings between different Occupational Groups
about 12 years ago - No comments
Here are some resources to help you with this aspect of the IGCSE Economics syllabus: Via http://degreesearch.org Source: Capital Gains Tax Rate & Income Inequality Chart Via http://www.reed.co.uk Via http://www.fastcodesign.com Via http://salarytutor.com Via http://www.parkcityindependent.com Via http://www.classesandcareers.com
Should Eggs Be Sold At Their Pre-Flood Prices During the Flood Crisis?
about 13 years ago - No comments
In 2011, Thailand suffered one of its most destructive floods in history. This link will hopefully update with some accuracy to give this post some context in the future (at the time of writing, the floods are still very much underway): 2011 Thailand Floods on Wikipedia Due to a combination of reduced supply (as many…
Aggregate Demand Part 1
about 13 years ago - No comments
Relevant Syllabus Points: 3.3. Macroeconomic Models: Aggregate demand—components 3.4 Demand-side and supply-side policies: Shifts in the aggregate demand curve/demand-side policies [fiscal policy, interest rates as a tool of monetary policy] Questions: What is Aggregate Demand? What are the components of Aggregate Demand? What shape does the curve have and why? How are the axes labelled?…
Tariffs, Quotas and Subsidies
about 13 years ago - No comments
These three types of protectionism have pretty tricky diagrams (or at least they can get tricky if we want to really get into how they work in terms of the impact they have on different groups or stakeholders. Note – we should want to get tricky if we want to do well at IB Economics…
Visualise the impact of Asia’s Rapid Growth
about 13 years ago - No comments
Image: bbc This interactive, hosted on bbc.co.uk, is good for studies in Geography, Economics, and more. It is a quick way into the type of visual data offered by Gapminder.org The interactive dataset lets the user track a number of Asian countries as their wealth / income grows between 1960 and 2006, and compares the…
All The World’s Flights In A Day
about 13 years ago - No comments
This video (of which there are several copies on youtube) could provoke a lot of interesting questions. Where in the world receives the most air traffic? Why? How does this reflect historical developments? Does the spread of daylight hours affect flight concentrations? Which two continents / regions are the most connected by flights? Again, why?…
The World’s Most Typical Person
about 13 years ago - No comments
The world’s most typical person is male and in terms of the mode average ethnic group, is a Chinese, Han man. His age, in terms of median average is 28. The typical face shown above is built of 190 000 photos of 28 year old ethnic Han men. But as the video tells us, he…
The World Scaled Down to A Village of 100
about 14 years ago - No comments
Just came across this video, based on what is now a widely-read summary of some key demographic and economic statistics. These statistics do need to be verified, as the opening shot states, if not for any other reason than the age of the data. This notion of the world as a village of 100 (and…
Introducing the Millennium Development Goals
about 14 years ago - No comments
What are the 8 Millennium Development Goals? This 30 second video introduces them: This video includes a bit of a speech by Kofi Annan who was Secretary-General for the United Nations when the Millennium Development Goals which were agreed in 2000 at an important meeting (The Millennium Summit) where a number of world leaders discussed…
