Adapting Technology for use beyond its original design - dynamic efficiency??

And if this is such a problem, why are major manufacturers opening up their products to different types of uses?
Microsoft is opening up its Kinect motion-sensing device to PC developers and Sony has a similar "aspiration" for its Move controller.
While Microsoft is keen to stress that Kinect "has not been modified or hacked in any way", it wants to "make it easier for the community to explore new ideas".
Academics at Warwick University have already found a more serious use for the Kinect device than just for games.
Microsoft hints at Kinect PC support

"We designed a robot that was going to work in disaster areas such as collapsed buildings that would be unsafe for the emergency services," says mechanical engineer Peter Crook.


"The Kinect system costs around £150 compared to our old system - that only offered us 2D depth perception - which cost around £3,000 so it's a massive reduction in costs."

And with official PC support for Kinect development, this sort of thing is likely to happen more often.

Full article here: http://news.bbc.co.uk/1/hi/programmes/click_online/9406690.stm

This page goes into hibernation until March 10th

As my students move to U2 and U4 now, I don't add to this page until the summer. 

I will review our results in March.

Welcome to Economics

Cadbury and and their shift East

Firms decide to locate in areas/countries where they achieve the minimum average cost.  The decision by Cadburies to close their Keynsham factory, has most to do with the relative cost of Labour of the UK and Poland.  Follow the links for this story on the BBC.

http://www.bbc.co.uk/news/uk-england-bristol-12126550

What is the effect, if any, will this measure have on the S and D curves for labour of this move of production from the UK to Poland?

Revision Targets - Chapters on Concentratd Markets

Review chapters, look for key areas of analysis, especially appropriate comparisons.
Identify the issues for evaluation. Look at the WAGOLLs.

12.2. The Supply of Labor

http://www.web-books.com/eLibrary/NC/B0/B63/061MB63.html

Sam Walker

Y13 Revision targets weekend of 8th and 9th January

• Review chapters 1 and 2.and watch the videos on this blog. They are referenced on the right of this blog.
• Focus on the points that need to be analyised and evaluated.
• Work out your own contracsting examples, and explain how they apply to the issues in these chapters. Draw and Re-draw the diagrams, focus on drawing the crossin and turning points in appropriate places.

The Distribution of income and wealth, U3C9

Market Failure - An Overview

Market Failure - An Overview on Prezi

The effect of alternative energy

• Who are the other users affected?  How are they affected?
• Is this joint supply or competitive supply?  Do you know why?