Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Blog

Minimum Pricing

Jim Riley

28th November 2012

Share this content:

A current topic in the news leaving us with plenty of material to discuss in class regarding how to solve the problem of market failure and our society's over consumption of alcohol, by using a market based approach of minimum pricing.

This article from the BBC shows how the debate between England and Wales (charging a 40p minimum price) is not quite in line with the 50p Scottish proposal.

Great for IB pupils both SL and HL and although [min/max pricing] is not in the OCR AS Economics spec, this can make useful discussion as an extension. Some revision of this can also be found on T2U.

http://www.bbc.co.uk/news/health-20425183

http://www.bbc.co.uk/news/health-20515918

http://www.bbc.co.uk/news/uk-scotland-19760063

http://www.tutor2u.net/economics/revision-notes/as-marketfailure-minimum-prices.html

http://economics.fundamentalfinance.com/micro_price-floor.php


Share this content:

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

You might also like

Ending Peruvian Poverty

8th October 2015

Global Goals are set to address poverty and underdevelopment

6th October 2015

Dissecting the Commodity Price Meltdown

5th October 2015

Uber faces UK regulatory review

2nd October 2015

How do you deal with someone who thinks the Earth is flat?

23rd September 2015

Don't panic - how to end poverty!

23rd September 2015

Teaching PowerPoints for A Level Economics

23rd September 2015

John McDonnell's Economics

16th September 2015