Thursday, April 8, 2010

Spare swine flu vaccine - government failure or good planning?


The answer to that probably lies in the future, next winter, when we will discover whether the buffer stocks of 34 million unused swine flu jabs is needed or not.
In the emergency last summer the government contracted to buy 120 million jabs from the two manufacturers, GlaxoSmith Kline and Baxter, but then reduced the order to just 44 million as the emergency petered out. Only 6million of those have actually been used, nearly 4 million are being given to the World Health Organisation for use in Africa, leaving 34 million on the shelf

Sunday, April 4, 2010

Broadband and economic growth

Investment in broadband capacity and speed has a strong impact on economic growth according to new research.
A paper presented to the RES annual conference by Nina Czernich from the Institute for Economic Research at the University of Munich finds that a 10 percentage point growth in broadband penetration can raise annual economic growth per person by up to 1.5 percentage points. The authors describe broadband internet as a ‘general purpose technology’, which changes how and where economic activity is organised. It supports new business models, allowing information to be shared more quickly and stored more efficiently. This can lead to lower start-up costs for new companies, greater competition, increased labour productivity and ultimately stronger economic growth.
The US White House clearly believes this too: Growth, Prosperity, Broadband (March 2010). This BBC news article provides more background on the US plan: Broadband plan for high speed internet sent to Congress The Federal Communications Commission (FCC) wants to make the US a world leader in high-speed internet access to improve commerce and productivity.

Friday, March 26, 2010

24*7 Economics























We are constantly faced with choices. It may be a matter of limited time.
Each choice has an opportunity cost

The problem is that when making decisions about whether to study, work or pursue leisure, we may forget or ignore long term effects.So dear econstudents economics is always 24*7 study watch this video i am sure you will like it.http://www.whystudyeconomics.ac.uk/films/24hreconomist_wmv.htm