Group items tagged

This article is dealing with the economy in the U.S. It starts with stating that consumer confidence is stabilized, which could be because of the growing economy in the U.S. For example, the sales in U.S. and overseas are strengthen. One could also see from this article that the amount of people being fired from their jobs decrease which contributes to a growing consumer spending. Although, the demand for capital goods and military aircraft is becoming weaker.

This article discusses how the low inflation is simply the reflection of a week aggregate demand.

This article is about a Swedish symbol called "Dalahästen" and its relations to Asia. This year, in some countries of Asia, is the year of the horse, and the material is wood. This is the optimal opportunity for the production to increase as the demand will be much higher as the proportion of people having a demand for them is larger than before.

This article describes the devaluation of the fixed currency rate of Nigeria as a result of the decreased energy prices. Nigeria is an oil producing country and therefore earns a lot of its income through oil exports. Now that the prices of other energy has dropped, there is a lower demand for the Nigerian oil, leading to fewer exports. The Nigerian central bank has now devaluated its currency by 8.4 percent in the hope that the lower prices will encourage a greater demand for their oil exports.

I choose this article as I found that It demonstrates all the consequences of a price control and from different points of view. In this case, the government set a maximum price. A lot of the citizens were very happy, as they can now afford what they couldn't before, however, with time, they started to realise that the products are disappearing from shelves. The reason is that with the lower price, demand has increased and suppliers can't supply more. The suppliers were affected by this price control too. They are not able to pay their costs any more, and profit made is very little. If the government doesn't take another action to fix what they did, they will have a bigger problem than food being expensive, which is food not exciting due to most groceries closing after not being able to make profits. 

Shows and example of "Demand" and how selling the product for a lower price could result in more units sold.

This article shows that there clearly is a demand for a phone which will not be dated after only about one or two years. If this project will be realized and the phone goes into series then it will be a serious competitor to the iphone, and the demand curve for iphones will move to the left because now there is an alternative product which is cheaper.

This article shows how total income and trends affect demand using an interesting example of coffee.

This article talks about the market which was probably more affected by this crisis. The house markets. The article presents data through which it is clear that the demand for house's has fallen and therefore the prices went down a lot. The only country where the house market is still growing is London in which the demand is very high.

This article talks about how because of the recent events that are happening in Egypt, the demand to visit the country has dropped.

The article is about how the demand for flights in Asia - mostly China is rising. Last year 1 out of 4 people were on a flight and this will increase. Therefor the flight company Airbus has predicted that they need an increase in the amount of flights to 29,226 passenger and freighter jets in 20 years. This would have a total cost of $4.4tn.

This FT article talks about how the price of cooper is dropping, therefore, the supply is higher. However, the demand is still decreasing.

This is a very interesting article that really helps understand this topic in depth and with real examples. Oil market is one of the largest in the world, this article talks about elasticity of demand and supply in this market. There is an explanation on the effects of different factors that determine the elasticity and what they do for this market. 

Although there are discovered new sources of oil (e.g. in Saudi Arabia), the suppliers have to drill deeper which is time-consuming and therefore the costs of production rise. 'In economic terms, the oil supply is becoming less elastic as new oil supplies come increasingly from unconventional oil.'

Gasoline has a very inelastic demand. It became an essential product because it is used to produce energy, to use cars and for so many other functions. This article discusses if the elasticity of gasoline may is zero or not. Even the fact they are discussing it means that gasoline is essential because if its elasticity is considered to be zero or a little more it shows how important the product is and how muche the price of the product doesn't affect significantly the demand for it.

This article smoothly discusses the PED of gasoline. It's worth reading because it examines it clearly and quite precisely - e.g. taking into consideration time. It shows that gas is an inelastic good, due to the fact that it's really necessary and commonly used. This text ends with a nice conclusion stating that one's never fully sure about the changes in economy.

This article is about how the rising oil prices affect the companies that produce sugar. The article tells us that sugar is inelastic because of many factors, for example very few substitutes so by rising the prices of sugar in the market, it does not really affect the demand for it.

This article describes how the U.S. is considering becoming more self-suffiecient in the fuel industry. The want to decrease their  imports and increase exports. Decreasing their imports will decrease import cost, increasing the aggregate supply. Simultaneously, increasing export will increase aggregate demand. This will shift the U.S. from a net importer to a net exporter.

this article talks about how a policy change could affect aggregate supply. It is quit hard to understand but it is very interesting. Of course this is from the point of view of an economist, Paul Krugman 

This article is about the changes in price of the copper in China. And how that changes affect on aggregate demand of China.

This article is a good example of scarcity I believe because, it shows that there is a huge demand for robotic self-driving cars or in other words, they are scarce. This leads to many companies like google or Tesla starting to develope self-driving cars because they know that due to the scarcity of the product, they can charge big amounts of money and make a huge profit.

I think this article relates to what we are studying as it mainly talks about scarcity. It says that water scarcity is one of the main challenges in Delhi, there is a huge demand for it but they need to learn how to distribute it around the city. People usually do not think that water is scarce, however this article shows that it is and people need to learn how to effectively distribute it.

Water scarcity is a very tough argument. We are consuming very high quantities of water and a huge part is being wasted. The study of economics may help people the population to make a "production possibility curve" so that the use of water is balanced.

It's really important that everyone start to realize how bad this cold be in the long run. If this wasteful use of water continues, we are going to face some serious consequences. Scientists should start working on developing new methods for agricultural use of water, as agriculture is considered to be on top of the consuming industries of water in many areas. meanwhile I think that countries should develop a water consuming rule, that somehow reduces water consumption.