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News Ticker
  • [ January 19, 2026 ] Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability Economic News
  • [ January 15, 2026 ] China Posts Record Trade Surplus Despite Tariffs Economic News
  • [ November 12, 2025 ] Mexico Imposes 156% Sugar Import Tariff to Protect Domestic Producers Economic News
  • [ November 11, 2025 ] Freeze the Rent: Zohran Mamdani’s Bold Bet on Price Controls — An Economist’s Dream or Nightmare? Economic News
  • [ November 10, 2025 ] Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security 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

  • 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?
  • Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security
  • McDonald’s Battles a Split Market: Value Meals, Profit Margins, and a Tale of Two Consumers
  • Carney’s Big Bet: Canada Tackles Tariffs with Trillion-Dollar Ambition
  • Trade Truce? Trump and Xi Strike a Cautious Deal to Cool Tensions
  • Trump’s Beef with Beef: How Tariffs and Imports Are Shaping U.S. Meat Prices
  • Alcohol Prices Surge as Trinidad and Tobago Doubles Excise Duty

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Most Read Articles.

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 […]

Aggregate Demand and Supply

Dark days for the UK economy…

September 29, 2022 Comments Off on Dark days for the UK economy…

The UK economy has been plunged into economic turmoil since the announcement of the mini-budget last week.  Since the new chancellor, Kwasi Kwarteng, announced the largest tax cuts in 50 years the economy seems to […]

Keep Curious.

Consumer and Business Behaviour

Utah’s Social Media Laws: Will They Protect or Harm Kids?

March 27, 2023 Comments Off on Utah’s Social Media Laws: Will They Protect or Harm Kids?

Utah has just passed some sweeping legislation aimed at protecting children and teens from the negative effects of social media. It’s a really ambitious attempt to tackle some of the issues around addiction, mental health […]

an image to show oil barrels the day that the price of oil went negative
Consumer and Business Behaviour

Oil prices go negative in the US – how and why?

April 21, 2020 Comments Off on Oil prices go negative in the US – how and why?

Since the outbreak of the coronavirus in January this year, there have been numerous economic events which have been simply unprecedented in their nature. The latest of these, in the wacky world of Covid-19, is […]

Consumer and Business Behaviour

Elon Musk, AKA Chief Twit, has bought Twitter for $44 billion

October 28, 2022 Comments Off on Elon Musk, AKA Chief Twit, has bought Twitter for $44 billion

Elon Musk has officially become the owner of Twitter, or Chief Twit as he likes to call himself, after completing a $44 billion buyout.  The world’s richest man began his interest in Twitter earlier in […]

SGD News.

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 […]

Economic News

Nigeria’s economy on a rapid rise but so are prices

May 13, 2025 Comments Off on Nigeria’s economy on a rapid rise but so are prices

Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […]

Policy Spotlight.

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 […]

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 […]

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