The Curious Economist

Economic news for students

  • Home
  • Micro News
  • Macro News
  • IGCSE Economics
    • Teaching Resources
    • Key Concepts
    • Revision Questions
  • IB Economics
    • IB Economics Teaching Resources
    • Key Concepts
      • Micro
        • Supply and Demand
        • Market Failure
      • Macro
        • Economic Growth and AS/AD
        • Inflation
        • Unemployment
      • Global Economy
        • International Trade
        • Economic Development
    • Revision
      • Case Studies with Questions
      • Revision Lessons
      • Revision Questions
      • Economics Diagrams
        • Externalities
        • Market Structures
        • Economic Growth (AS/AD)
        • Protectionism
        • Exchange Rates
    • Real World Examples
      • RWEs by Topics
      • Real World Examples Top Trumps
    • Exam Technique
      • Intro to the IA
      • Model 15-Markers
      • IB Economics Paper 3 Exam Technique
  • IB Business Management
    • IB Business Management Teaching Resources
    • Revision Activities for IB Business Management
  • AI for Educators
    • The AI Classroom Chronicles
    • Poe for Educators
    • ChatGpt for Educators
    • Perplexity AI for Educators
    • AI ChatBots
  • About
News Ticker
  • [ May 13, 2025 ] Nigeria’s economy on a rapid rise but so are prices Economic News
  • [ May 12, 2025 ] Trade Win or Tariff Trap? Trump’s UK Deal Raises Questions on Costs and Growth Economic News
  • [ April 29, 2025 ] Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks Economic News
  • [ April 21, 2025 ] China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami? Economic News
  • [ April 15, 2025 ] U.K. Government Seizes Control of British Steel Plant Economic News
HomeMARKET FAILURE

MARKET FAILURE

Economic News

Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks

April 29, 2025 TheCuriousEconomist Comments Off on Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks

The UK government has launched a consultation to extend the soft drinks industry levy (SDIL)—commonly known as the sugar tax—to milkshakes, milk-based drinks, and their plant-based substitutes like oat and rice milk. The move follows […]

Economic News

U.K. Government Seizes Control of British Steel Plant

April 15, 2025 TheCuriousEconomist Comments Off on U.K. Government Seizes Control of British Steel Plant

It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

Economic News

New York Launches $9 Congestion Toll to Combat Gridlock

January 8, 2025 TheCuriousEconomist Comments Off on New York Launches $9 Congestion Toll to Combat Gridlock

New York City has introduced a $9 congestion pricing toll for vehicles entering central Manhattan during peak hours. This policy aims to address the market failure of traffic congestion, a classic negative externality, by reducing […]

Economic News

Russia Slaps Google with an Unpayable Fine for Blocking State Media

November 1, 2024 TheCuriousEconomist Comments Off on Russia Slaps Google with an Unpayable Fine for Blocking State Media

In one of the largest fines ever imposed on a company, a Russian court has ordered Google to pay a staggering 2 undecillion roubles—a number so vast it’s hard to imagine, equaling about $20 decillion […]

Consumer and Business Behaviour

Google and Apple Fined Billions for Abusing Monopoly Power

September 11, 2024 TheCuriousEconomist Comments Off on Google and Apple Fined Billions for Abusing Monopoly Power

Google and Apple, two of the world’s largest tech companies, have faced heavy fines for abusing their market dominance, highlighting the economic consequences of monopoly power. In a major ruling, Google was ordered by the […]

Consumer and Business Behaviour

New Starbucks CEO Faces Backlash Over Private Jet Commute

August 22, 2024 TheCuriousEconomist Comments Off on New Starbucks CEO Faces Backlash Over Private Jet Commute

The newly-appointed CEO of Starbucks, Brian Niccol, is facing criticism after it was revealed that he will commute nearly 1,000 miles from his home in Newport Beach, California, to Starbucks’ headquarters in Seattle using a […]

Economic News

UK Aiming to Snub Out Smoking For Good

April 17, 2024 TheCuriousEconomist Comments Off on UK Aiming to Snub Out Smoking For Good

In a bold stride towards public health, the UK Parliament has recently advanced legislation aimed at banning cigarette sales to individuals 15 years old and younger, effectively setting a path towards a smoke-free future generation. […]

Curious?

AI’s Thirst for Power: The Environmental Cost of Artificial Intelligence

March 6, 2024 TheCuriousEconomist Comments Off on AI’s Thirst for Power: The Environmental Cost of Artificial Intelligence

The rapid expansion of artificial intelligence (AI) has brought its environmental footprint into sharp focus. Data centers, the powerhouses behind AI’s capabilities, are consuming natural resources at an alarming rate. Estimates show that by 2026, […]

Basic Economic Concepts

Paris Triples Parking Charges for SUVs in a Push for Greener Streets

February 6, 2024 TheCuriousEconomist Comments Off on Paris Triples Parking Charges for SUVs in a Push for Greener Streets

In a landmark decision, Parisians have recently voted in favor of tripling parking charges for SUVs, a move aimed at curbing the use of “bulky, polluting” vehicles within the French capital. This significant increase in […]

Basic Economic Concepts

Scotland to Increase Alcohol Minimum Price by 30% in Public Health Push

February 6, 2024 TheCuriousEconomist Comments Off on Scotland to Increase Alcohol Minimum Price by 30% in Public Health Push

Article: Scotland is set to take a bold step in its public health policy by increasing the minimum price of alcoholic beverages by 30%. This significant move, expected to be confirmed by ministers in Edinburgh, […]

Consumer and Business Behaviour

UK Government to ban disposable vapes

January 29, 2024 TheCuriousEconomist Comments Off on UK Government to ban disposable vapes

In a significant move to address the increasing prevalence of vaping among young people, the UK government has announced plans to ban disposable vapes. This decision comes as figures from Action on Smoking and Health […]

Basic Economic Concepts

New Zealand’s U-Turn on Groundbreaking Smoking Ban

December 5, 2023 TheCuriousEconomist Comments Off on New Zealand’s U-Turn on Groundbreaking Smoking Ban

In a significant policy reversal, New Zealand’s government plans to scrap the “generational smoking ban,” a groundbreaking law aimed at curbing smoking rates. Initially passed in 2022, the law intended to progressively raise the minimum […]

Basic Economic Concepts

Pouring Money Down the Drain: The €200M Plan to Save Wine!

August 27, 2023 TheCuriousEconomist Comments Off on Pouring Money Down the Drain: The €200M Plan to Save Wine!

Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping 200 million euros to… destroy surplus wine. Wait, what? Yep, you read that right. It’s […]

Consumer and Business Behaviour

South Africa’s Vape Tax: A Cloudy Future for the Booming Industry

May 3, 2023 TheCuriousEconomist Comments Off on South Africa’s Vape Tax: A Cloudy Future for the Booming Industry

In June 2023, South Africa will impose a flat excise duty of R2.90/ml on nicotine substitutes, including vaping products. This tax has been anticipated since finance minister Enoch Godongwana announced it in his 2022 budget […]

Consumer and Business Behaviour

Swap to Stop: A Bold New Plan to Snuff Out Cigarettes

April 17, 2023 TheCuriousEconomist Comments Off on Swap to Stop: A Bold New Plan to Snuff Out Cigarettes

In a world-first initiative, one million smokers in England will be encouraged to trade cigarettes for vapes in the innovative ‘swap to stop’ program. The aim is to boost public health and slash smoking rates […]

Consumer and Business Behaviour

Juul Coughs Up $462M to Settle State Cases Over Teen Vaping Epidemic

April 13, 2023 TheCuriousEconomist Comments Off on Juul Coughs Up $462M to Settle State Cases Over Teen Vaping Epidemic

Juul Labs Inc, the e-cigarette giant, is coughing up $462 million to settle allegations by six US states, including New York and California, that it illegally hooked teens on its addictive products. Like bees to […]

Consumer and Business Behaviour

Greece launches €200m solar subsidy program to boost renewable energy adoption

March 30, 2023 TheCuriousEconomist Comments Off on Greece launches €200m solar subsidy program to boost renewable energy adoption

Greece has launched a new subsidy program to encourage more households and farmers to install solar projects and small storage systems. The €200 million ($215.3 million) scheme is part of the country’s post-pandemic recovery plan […]

Consumer and Business Behaviour

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

March 27, 2023 TheCuriousEconomist 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 […]

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 […]

robots replacing workers
Consumer and Business Behaviour

Is taxing robots the best way to protect human jobs?

September 4, 2020 TheCuriousEconomist 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, […]

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

Apple faces a record US$1.2 billion fine for fixing prices in France

March 17, 2020 TheCuriousEconomist Comments Off on Apple faces a record US$1.2 billion fine for fixing prices in France

In a huge show of strength against the so-called anti-competitive practices of US tech companies, the French competition watchdog has fined Apple a record US$1.2 billion. US tech companies have been under intense scrutiny in […]

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 […]

Economic News

High speed trains that drive themselves? It must be 2020!

January 12, 2020 TheCuriousEconomist Comments Off on High speed trains that drive themselves? It must be 2020!

China, the world leader in high-speed rail technology, has just opened a new 172km route which hurtles passengers across the Chinese countryside at speeds of 350km per hour without a driver! This is the latest […]

Please follow & like us :)

RSS
Facebook
Facebook
fb-share-icon
Twitter
Visit Us
Follow Me

Recent Posts

  • Nigeria’s economy on a rapid rise but so are prices
  • Trade Win or Tariff Trap? Trump’s UK Deal Raises Questions on Costs and Growth
  • Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks
  • China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?
  • U.K. Government Seizes Control of British Steel Plant
  • U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?
  • Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK?
  • PepsiCo Plans $1.95 Billion Poppi Acquisition
  • South Africa Unveils $54.5 Billion Infrastructure Plan to Boost Growth
  • Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs

Tags

A-Level aggregate demand AI business behaviour BUSINESSES China Consumer Behaviour CONSUMPTION coronavirus COSTS CURRENT ACCOUNT DEMAND ECONOMIC GROWTH ENVIRONMENT Export externalities FDI fiscal policy gdp GLOBAL ECONOMY Government intervention government policy government spending IGCSE India INFLATION INTEREST RATE investment jobs LABOUR labour market Macroeconomics MARKET FAILURE Microeconomics MONETARY POLICY OIL prices protectionism SDGs SUPPLY Tax trade UK UNEMPLOYMENT USA

Most Read Article

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 […]

Economic News

U.K. Government Seizes Control of British Steel Plant

April 15, 2025 Comments Off on U.K. Government Seizes Control of British Steel Plant

It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

SGD News

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 […]

Copyright © 2025 | MH Magazine WordPress Theme by MH Themes