Showing posts with label demerit goods. Show all posts
Showing posts with label demerit goods. Show all posts

Monday, 12 December 2011

toy market data response

Christmas Prep Data response: The Toy market

01 definition (5 marks)Give as clear and conside a definition as posible include an example where appropriate

02 data question (8 marks)
make two observations about the data support with data reference and units clearly stated - think highs and lows (range) start points and finish points or trends within the data

03 diagram (12 marks)
start with a definition of demand supply and the toy market (2 marks), then use the extract to identify a demand and/or supply side factor that has impacted upon the market (2 marks), draw a diagram to highlight the change in market equilbrium (4 marks), then explain how the price mexhanism brings about the movement from one equilibrium to another (4 marks), finally write a brief pargraph about longer term developments or complications (4 marks)

04 discussion (25 marks)
Start by explaning how the market finds an efficient equilbrium, refer to the chart and extract explicitly to create context.
Highlight particular characterisitics specific to the toy market which may mean that this equilibrium is in fact is a position of over production of consumption using extract reference to support your points




Suggest two alternative policy interventions to correct the problem, illustrate how they work by drawing a diagram




Write a concluding paragraph that suggests a combination of policies, posssible problems in the longer term that may be caused through intervention




Support Material:



bbc click video games and violence (06/12/2011)

bbc panorama addicted to games (bbc 12/2010)



games industry


bbc report 10 mins


t2u blog entry


Tuesday, 1 February 2011

demerit goods - alcohol

ready steady drink (bbc3)

bbc resources on binge drinking

1) ban prohibition
resticting consumption (res)

2)licensing laws + changing attitudes

24 hour drinking one year on (bbc 11/06)

impact of changes (bbc 11/06)

law change not changing habits (bbc 11/06)

alcohol attitudes in europe (bbc 11/07)

3) marketing and advertising

booze marketing ban (bbc 09/09)

the power of marketing (bbc 09/09)

4) minimum prices

alcohol minimum price (bbc 03/09) at a glance

eu ruling on minimum prices (smoking) ft 05/03/10

5) taxes

finlands u turn on alcohol tax (bbc 02/09)

alcohol tax rise (bbc 10/07)

impact of tax rises (guardian 03/08)

prices do not cut drinking (bbc jan 06)

6) legisaltion on age

call to raise drinking age to 21 (bbc 03/07)

7) state run monopoly

3 countries compared (bbc 11/05)

is state advertising effective (c4 june 2010)


minimum prices introduced

Tuesday, 2 March 2010

demerit goods alcohol

1) ban prohibition

2)licensing laws + changing attitudes

24 hour drinking one year on (bbc 11/06)

impact of changes (bbc 11/06)

law change not changing habits (bbc 11/06)

alcohol attitudes in europe (bbc 11/07)

3) marketing and advertising

booze marketing ban (bbc 09/09)

the power of marketing (bbc 09/09)

4) minimum prices

alcohol minimum price (bbc 03/09) at a glance

eu ruling on minimum prices (smoking) ft 05/03/10

5) taxes

finlands u turn on alcohol tax (bbc 02/09)

alcohol tax rise (bbc 10/07)

impact of tax rises (guardian 03/08)

prices do not cut drinking (bbc jan 06)

6) legisaltion on age

call to raise drinking age to 21 (bbc 03/07)

7) state run monopoly

3 countries compared (bbc 11/05)


8) education and information


is state advertising effective (c4 june 2010)

Alcohol Know Your Limits Advert. - Click here for another funny movie.

Tuesday, 26 January 2010