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Gillespie: Foundations of Economics

Unit 7

Carbon emissions
Pollution is a negative externality. To read more about carbon emissions visit
news.bbc.co.uk/1/hi/sci/tech/6189600.stm

Greenhouse effect
To see how the greenhouse effect works
news.bbc.co.uk/1/shared/spl/hi/sci_nat/04/climate_change/html/greenhouse.stm

Income inequality
For data on income inequality in the UK visit
www.statistics.gov.uk/cci/nugget.asp?id=332

Problems of the coffee market
To read Oxfam's view of market failures in the coffee market
www.oxfam.org/en/files/pp030508_coffee_ico_wb.pdf/download

Taking on big government
"The Adam Smith Institute is Britain's leading innovator of free-market economic and social policies. Since 1977, it has played a key role in developing practical initiatives to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.
The Institute develops and spreads these ideas through its research, reports, seminars, briefings for politicians and journalists; through its website and weblog; and through media pieces in the newspapers and on radio and TV."
www.adamsmith.org/