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News Ticker
  • [ May 12, 2026 ] Rising Fuel Prices Create a ‘K-Shaped Economy’ in the United States Economic News
  • [ May 8, 2026 ] Egypt’s Inflation Slows — But Economic Pressures Are Still Building Economic News
  • [ May 5, 2026 ] South Korea’s ‘Youth New Deal’: Can Government Intervention Fix Youth Unemployment? Economic News
  • [ April 27, 2026 ] Beef Prices Hit Record Highs: A Classic Case of Supply and Demand Economic News
  • [ April 24, 2026 ] AI in Banking: Boosting Profits but Cutting Jobs Economic News
HomeEXTERNALITY

EXTERNALITY

Externality diagrams
Consumer and Business Behaviour

Farmyard fart tax to combat climate change – a novel solution from the New Zealand government!

June 23, 2022 TheCuriousEconomist Comments Off on Farmyard fart tax to combat climate change – a novel solution from the New Zealand government!

The government of New Zealand, a country notorious for having more sheep than people, has proposed a creative way to fight the impending climate crisis – a tax on the flatulence produced by cattle and […]

Consumer and Business Behaviour

How effective will the UK plastic tax actually be?

March 29, 2022 TheCuriousEconomist Comments Off on How effective will the UK plastic tax actually be?

On April 1st, the new UK plastic tax will come into effect. The levy on firms will charge £200 per tonne of plastic packaging containing less than 30% recycled plastic. The UK government, who announced […]

Curious?

State of Ohio to award 5 people $1 million for taking the Covid-19 vaccine

May 14, 2021 TheCuriousEconomist Comments Off on State of Ohio to award 5 people $1 million for taking the Covid-19 vaccine

The US state of Ohio has recently announced an innovative scheme to encourage more people to take the Covid-19 vaccine. From May 26th, all Ohioans over the age of 18 who have received the first […]

an image of plastic bags in an overfilled bin
Consumer and Business Behaviour

Paying for plastic bags has dramatically reduced usage in the UK

September 1, 2020 TheCuriousEconomist Comments Off on Paying for plastic bags has dramatically reduced usage in the UK

Since the UK government introduced a 5p charge for single-use plastic bags in 2015, millions of shoppers are now choosing not to use them. In data compiled by the UK government, it was found that […]

Consumer and Business Behaviour

The more you honk the more you wait: Mumbai’s innovative solution to impatient honkers!

February 8, 2020 TheCuriousEconomist Comments Off on The more you honk the more you wait: Mumbai’s innovative solution to impatient honkers!

Local government in Mumbai have come up with an inspired plan to cut noise pollution across the city. Fed up with honking drivers waiting at the city’s junctions, traffic lights have been installed with listening […]

Consumer and Business Behaviour

Stock prices surge for companies working on a coronavirus vaccine!

January 31, 2020 TheCuriousEconomist Comments Off on Stock prices surge for companies working on a coronavirus vaccine!

Following the deadly outbreak of the coronavirus in Wuhan, China, a number of companies and academic institutions around the world are racing against the clock to find a vaccine that can combat the virus. For […]

Economic News

The Ashtray of Europe finally going smoke free

January 10, 2020 TheCuriousEconomist Comments Off on The Ashtray of Europe finally going smoke free

Austria, one of the few European countries who still hadn’t, has finally imposed a smoking ban on all restaurants, bars and cafes in the city. This comes as welcoming news to those non-smoking Austrians and […]

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Recent Posts

  • Rising Fuel Prices Create a ‘K-Shaped Economy’ in the United States
  • Egypt’s Inflation Slows — But Economic Pressures Are Still Building
  • South Korea’s ‘Youth New Deal’: Can Government Intervention Fix Youth Unemployment?
  • Beef Prices Hit Record Highs: A Classic Case of Supply and Demand
  • AI in Banking: Boosting Profits but Cutting Jobs
  • Why Air Fares Are Soaring: Conflict, Fuel Prices and Supply Constraints Explained
  • Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability
  • China Posts Record Trade Surplus Despite Tariffs
  • Mexico Imposes 156% Sugar Import Tariff to Protect Domestic Producers
  • Freeze the Rent: Zohran Mamdani’s Bold Bet on Price Controls — An Economist’s Dream or Nightmare?

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Most Read Articles.

Economic News

Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security

November 10, 2025 Comments Off on Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security

The Philippines has announced that it will reopen rice imports in January 2026, allowing 300,000 tonnes of rice to enter the country after several months of import restrictions. The move comes as local rice stocks […]

Balance of Payments

Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

February 7, 2020 Comments Off on Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed on goods from countries all over the world, engagement in a devastating trade war with […]

Rishi Sunak
Aggregate Demand and Supply

UK government to step in and pay people’s wages

March 21, 2020 Comments Off on UK government to step in and pay people’s wages

In yet another unbelievable day of economic policy in action, the chancellor of the exchequer, Rishi Sunak, announced yesterday the latest measures to protect people’s income, keep businesses alive, and encourage spending in the economy.  […]

an image of currency in Saudi Arabia when they announced a 10% increase in VAT
Consumer and Business Behaviour

VAT to be tripled in Saudi Arabia to 15%

May 11, 2020 Comments Off on VAT to be tripled in Saudi Arabia to 15%

Saudi Arabia, the second largest oil producing nation in the world, has for the last few years been trying desperately to diversify its economy and reduce their dependence on the export of oil. Despite being […]

Economic News

China makes pledge to be ‘carbon neutral’ by 2060

October 20, 2020 Comments Off on China makes pledge to be ‘carbon neutral’ by 2060

In what some commentators are calling a bold and audacious pledge, President Xi announced to the UN that China will be carbon neutral by the year 2060. That gives the world’s second largest economy, and […]

Keep Curious.

Curious?

How Premier League Football Clubs Make a Profit: The Case of Brighton & Hove Albion

September 4, 2024 Comments Off on How Premier League Football Clubs Make a Profit: The Case of Brighton & Hove Albion

Premier League football clubs have become multi-million-pound businesses, generating revenue from various streams beyond matchday ticket sales. In the 2022-2023 fiscal year, Brighton & Hove Albion, a mid-tier club, set a club record by posting […]

robots replacing workers
Consumer and Business Behaviour

Is taxing robots the best way to protect human jobs?

September 4, 2020 Comments Off on Is taxing robots the best way to protect human jobs?

According to research from Oxford Economics in 2019, up to 20 million manufacturing jobs could be replaced by robots by 2030. If we then add in those jobs from other sectors which could be easily automated, […]

Curious?

Inflation Unveiled: Making Cents of Our Changing Economy

October 31, 2023 Comments Off on Inflation Unveiled: Making Cents of Our Changing Economy

Definition of Inflation and Deflation Inflation often conjures images of rising prices, crowded shopping malls, and the palpable anxiety of our money’s diminishing purchasing power. At its core, inflation is when the general level of […]

SGD News.

Economic News

Rising Fuel Prices Create a ‘K-Shaped Economy’ in the United States

May 12, 2026 Comments Off on Rising Fuel Prices Create a ‘K-Shaped Economy’ in the United States

As petrol prices continue to rise in the United States, not all consumers are feeling the impact equally. New research from the Federal Reserve of New York shows that lower-income households are cutting back sharply […]

Economic News

Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

January 19, 2026 Comments Off on Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

Luxembourg has introduced a new solar subsidy scheme designed to accelerate the transition to renewable energy by reducing the upfront costs faced by households. Under the new pre-financing system, which came into force on January […]

Economic News

BP’s Brazil Oil Find Tests the Trade-Offs Between Growth and Sustainability

August 13, 2025 Comments Off on BP’s Brazil Oil Find Tests the Trade-Offs Between Growth and Sustainability

BP has announced its largest oil and gas discovery in a quarter of a century, this time in deep waters off Brazil. The “Bumerangue” field could become a major new production hub and marks BP’s […]

Policy Spotlight.

Economic News

South Korea’s ‘Youth New Deal’: Can Government Intervention Fix Youth Unemployment?

May 5, 2026 Comments Off on South Korea’s ‘Youth New Deal’: Can Government Intervention Fix Youth Unemployment?

South Korea has launched a major new policy, the “Youth New Deal,” aimed at tackling rising youth unemployment. Despite overall employment increasing, the proportion of young people (aged 15–29) in work has fallen to 43.5%, […]

Economic News

Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

January 19, 2026 Comments Off on Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

Luxembourg has introduced a new solar subsidy scheme designed to accelerate the transition to renewable energy by reducing the upfront costs faced by households. Under the new pre-financing system, which came into force on January […]

Economic News

Freeze the Rent: Zohran Mamdani’s Bold Bet on Price Controls — An Economist’s Dream or Nightmare?

November 11, 2025 Comments Off on Freeze the Rent: Zohran Mamdani’s Bold Bet on Price Controls — An Economist’s Dream or Nightmare?

New York City has a new mayor, and his signature promise fits on a protest sign: Freeze the Rent. Zohran Mamdani, a democratic socialist and former state assembly member from Queens, swept into office by […]

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