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UKL Economics Society (UKL EcoSoc)

Reply 20

TheWolf

15

the Alfred Marshall Economics Society

Reply 21

MuvverRussia

7

hmm...i wonder if joining here will help me to pass my econ b exam on monday? :tongue:

Count me in anyway.

Also, it could always be named after Lionel Robbins :tongue:

lol.

Reply 22

Igor

MuvverRussia

hmm...i wonder if joining here will help me to pass my econ b exam on monday? :tongue:

Count me in anyway.

Also, it could always be named after Lionel Robbins :tongue:

lol.

yeh, I think it'll immensely increase your chances of passing the ~economics B~ exam *thunder and lightening* :wink:

just put down "I'm a member of the UKL Economics Society" and Quah or Marin or whoever corrects the exams, will be impressed :biggrin:

Reply 23

MuvverRussia

7

lol, yeah- it might get me some bonus marks :tongue:

. Somehow I doubt Danny or Shipman (We all reckon Alan Marin looks a bit like Harold Shipman from a distance) will be marking them though, especially considering the number of people doing the exam.

Reply 24

Igor

MuvverRussia

lol, yeah- it might get me some bonus marks :tongue:

. Somehow I doubt Danny or Shipman (We all reckon Alan Marin looks a bit like Harold Shipman from a distance) will be marking them though, especially considering the number of people doing the exam.

and you could add the web address and write something like "Please visit UK Learning at www.uk-learning.net" :biggrin:

but who corrects them then? the postgrads?

if only I knew who Harold Shipman was... anyway, my google says he was a serial killer... :biggrin:

Reply 25

sixthirtythree

I'm in...anyway. Not particularly fussed about the name though.

Reply 26

WilliamFoster

1

Ellie4

Is there one? I wanna join if there is! :smile:

Hey you fraud there was another post like this one, and I'm sure you'll all agree that at the time I was the favourite to become leader.
Remember-Vote William Foster for your Econsoc President at Nottingham.

http://www.uk-learning.net/t27932-2.html
There you go Ellie4
If you look as good as Aguilera then I might let you be my intern, LOL!

Reply 27

Amrad

1

I'm in if it's going ahead.

Reply 28

Ellie4

OP

2

WilliamFoster

Hey you fraud there was another post like this one, and I'm sure you'll all agree that at the time I was the favourite to become leader.
Remember-Vote William Foster for your Econsoc President at Nottingham.

http://www.uk-learning.net/t27932-2.html
There you go Ellie4
If you look as good as Aguilera then I might let you be my intern, LOL!

Hehe, well I did start the thread by asking if there was one! No one replied to say there was! Anyway, we don't need a leader, that's not what it's about. I'm only doing As at the mo anyway, so I'm not going to pretend to know it all! Oh, and I look better than Xtina :wink:

Heh

Reply 29

WilliamFoster

1

Ellie4

Hehe, well I did start the thread by asking if there was one! No one replied to say there was! Anyway, we don't need a leader, that's not what it's about. I'm only doing As at the mo anyway, so I'm not going to pretend to know it all! Oh, and I look better than Xtina :wink:

Heh

What does she look like? That isn't her real picture on her profile, it's some naked 'lady of the night'.

Reply 30

Juwel

18

WilliamFoster

What does she look like? That isn't her real picture on her profile, it's some naked 'lady of the night'.

She meant Christina Aguilera, not the forum's XTinaA, who does have Christina as the picture in the profile.

Reply 31

TheWolf

15

xTinaA is sexier than christina

Reply 32

mobbdeeprob

UKL Economists, answer me this:-

Is prison a merit good?

I would really appreciate responses on this, thankyou. :smile:

Reply 33

BazTheMoney

mobbdeeprob

UKL Economists, answer me this:-

Is prison a merit good?

I would really appreciate responses on this, thankyou. :smile:

I'd say they're a public good.

Reply 34

Ellie4

OP

2

mobbdeeprob

UKL Economists, answer me this:-

Is prison a merit good?

I would really appreciate responses on this, thankyou. :smile:

I suppose that depends on the individual. Being in prison is better for some people than they realise, but it's not effective for everyone, so not necessarilly. Equally, they are public goods too. Why do you ask?

Reply 35

-mb-

6

Hmm, interesting...

Well, they benefit society as a whole, in that they keep dangerous people off the streets, and people might well "volutarily" pay a contribution towards them for their own safety, although that would also make other people safer.

Thus in a perfect free-market, some private prisons would probably be provided, just like there are private security firms.

This makes them a merit good, as it is unlikely that an equivalent or greater number of prison places than we have now, would be created purely by market forces, i.e. some government intervention would inevitably be required.

It's rather like schools. You must acknowledge the complications though - people contribute depending on whether they are likely to end up in the prisons themselves, i.e. whether the opportunity cost of being in prison is greater or less than that of having ciminals walking free. This depends on the laws of the country, and what the crime-rate would be without prisons, which is effectively unknowable, as prisons also prevent crime, being a disincentive, as well as removing career criminals physically from society.

Prisons would not be like the army, which is purely a public good, because people more directly connect prison places and the level of crime that they experience, than they do army size and the amount their country gets invaded. This is especially true in the developed world, where no-one expects their army to be needed for defence, and expects other country's armys to fight wars for world security, or to do peace-keeping. People would only pay for it when they realised their contry needed it for defence, and that would be too late. Whereas, people realise that there wil always be criminals to blight their lives.

Chocolate, for comparisson, is a perfect private good, as people will pay for the level they feel they 'need', which will be enough, or possibly to much. Neither will they suffer if they don't have much. Government intervention is only needed when demand cannot meet supply, then rationing occurs (as in WWII).

Hope all that helps.