The issue of tradable permits, or cap-and-trade schemes is a important one at the moment, and it is a relevant solution to negative externalities of production in the microeconomics section of the course. The basic idea is to set a limit (cap) on the amount of pollution and then divide this up into permits that …
At the moment in Malawi they are arguing about whether or ‘passing wind’ should be banned. Some of those in the government are effectively claiming that it is a form of market failure, and as such are proposing government legislation as a solution to this. The questions then arise as to how this could be …
This article explains about the UN concerns over the increasing e-waste in developing countries. It is an important issue within the economics syllabus. It has links to microeconomics as an issue of an externality, but also to development as externalities are a potentially negative impact of growth and development. BBC article – Mountains of e-waste