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Contents contributed and discussions participated by Pietro AA

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S. Korea's Economy Grows More Than Forecast as Exports Climb - Bloomberg - 0 views

www.bloomberg.com/...forecast-as-exports-climb.html aggregate demand inflation s.korea forecast exports climb economy
shared by Pietro AA on 24 Apr 14 - No Cached
  • South Korea’s economy expanded at a faster pace than forecast, showing momentum that could boost inflation pressures and build a case for a rate increase.
  • Gross domestic product grew 0.9
  • rivate consumption increased,
  • ...5 more annotations...
  • Exports weathered the won’s 8 percent climb against the dollar
  • rowth will accelerate to the quickest pace this year since 2010, helping push inflation up to its target band.
  • he economy is doing well broadly, across exports, consumption and jobs
  • ncrease in the nation’s exports f
  • Growth was constrained by weakness in business investment,
  • Pietro AA on 24 Apr 14
     
    great article about the macroeconomy of S.Korea. Maybe it gives too much info so it leaves less space for analysis.
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No inflationary pressure in budget, say experts - Zawya - 0 views

www.zawya.com/...ay_experts-ZAWYA20140401034900 aggregate suppy inflation
shared by Pietro AA on 07 Apr 14 - No Cached
  • Pietro AA on 07 Apr 14
     
    Here is an application of what we sudied on Qatar.
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Gov't urged to abolish NFA monopoly | Inquirer Business - 1 views

business.inquirer.net/...-urged-to-abolish-nfa-monopoly monopoly perfect competition philippines externalities government
shared by Pietro AA on 25 Mar 14 - No Cached
  • “costly, impractical and discredited” rice self-sufficiency policy and has sought the abolition of the monopoly of the National Food Authority (NFA) on rice importation.
  • reforms in the country’s policy on rice procurement were necessary to “improve the welfare of consumers, to foster agricultural growth, to reduce graft and corruption and truly implement ‘Daang Matuwid’ (righteous path).”
  • Pietro AA on 25 Mar 14
     
    I just read this incredibke article that has to do with many things in microecon. It talks aboup the rice industry in the philippines. More specifically, about the competition between the local producers and a monopoly that involves importation. It is an actual situation where you have Monopoly vs. perfect competition. You should read it!!!
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Breaking America's meat monopoly - Chicago Sun-Times - 0 views

www.suntimes.com/...ng-americas-meat-monopoly.html oligopoly monopoly negative externality
shared by Pietro AA on 24 Mar 14 - No Cached
  • Breaking America’s meat monopoly
  • The quest for cheap meat has resulted in a ruthless market that has left 85 percent of supply in the hands of five companies.
  • Pietro AA on 24 Mar 14
     
    I found this article interesting even if it still has to do with microeconomics. I tals about the meat monopolistic competition in U.S. that is more of a monopoly than a perfect competition. It describes how the monopoly have negative externalitites because of poor animal treatment and conludes by stating that the market should become more competitive and differentiated.
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Effects of dumping radioactive waste in ocean need more study, scientists say - 1 views

www.tampabay.com/...2157923 radioactive waste externalities negative production energy
shared by Pietro AA on 21 Dec 13 - No Cached
  • Pietro AA on 21 Dec 13
     
    I found this article very interesting because it has to do with externalities and common goods. I think this article may be associated with the article "Trajedy of the Commons" which we read because instead of talking of men's overconsumption of grass lands, it talks about the overcosumption of the ocean's self-purifying system. Generally, when talking about production of electricity through fission power plants, there will be unusable waste that is highly harmful for men and the environment because it emits highly ionizing radiation. But producers of that energy simply throw that waste in the oceans and wash their hands of the problem. The cost of society for that energy is equal to the producer's cost plus the cost for that damage the nuclear waste does. The marginal social cost is greater then the marginal private cost. But since, in a free market, it the private who determines the quantity consumed, there will be too much nuclear electricity produced with respect to society. "too much" means that resources are not optimally allocated and therefore there is a market failure.
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Origin says solar and storage coming quicker than thought - 0 views

reneweconomy.com.au/...ing-quicker-than-thought-76354 Elasticity Demand Price SolarPV
shared by Pietro AA on 22 Oct 13 - No Cached
  • Pietro AA on 22 Oct 13
     
    This is an interesting artice that shows how solar phtovoltaic is taking over, reducing the demand of substitute sources of energy but mostly, increasing their elasticity. With PV on the market, more people will be ready to abandon coal or oil for this clean and durable energy source.
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U.S. Oil Prices: Let the Good Times Roll - 1 views

oilprice.com/...s-Let-the-Good-Times-Roll.html equilibrium prediction oil dollar
shared by Pietro AA on 15 Oct 13 - No Cached
  • Pietro AA on 15 Oct 13
     
    A great article talking about how the equilibrium of the oil market affects currencies, especially the dollar as barrels are mainly exchanged using dollars.
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Propane Distributors Seek to Boost Demand With Lawn Mowers - WSJ.com - 0 views

online.wsj.com/...3608504579022591252458258.html demand propane lawn mowers
shared by Pietro AA on 27 Sep 13 - No Cached
    • Pietro AA
      Pietro AA on 27 Sep 13
       
      The propane economy had problems after the natural gas industry introduced a cheap and comfortable energy source. Clearly propane and natural gas are substitute goods. This article discusses how the propane industry seeks profit by helping a complimentary product: propane lawn mowers. If one buys a propane land mower he obviously then has to buy propane.
    • Pietro AA
      Pietro AA on 27 Sep 13
       
      Here is another way the propane industry seeks a greater demand: exporting. More people will certainly want the propane.
  • Propane Distributors Seek to Boost Demand With Lawn Mowers
  • ...5 more annotations...
  • The propane industry has set its sights on that symbol of American middle-class achievement: the lawn mower
  • Blame it in part on the natural-gas drilling boom, which has left distributors scrambling to find new ways to increase demand for propane
  • By promoting the benefits of propane lawn mowers—which have lower emissions, are cheaper to run and last longer—the group is betting it can grow to a 3% share of all commercial mowers sold in the U.S. by 2016 from 1% now. That would goose propane consumption by the machines to 23.8 million gallons by 2016 from about 7.9 million gallons this year.
  • How much the push into lawn mowers will help propane retailers remains to be seen.
  • In addition, the U.S. has become a net exporter of propane in recent years—supplying countries such as Mexico, Brazil, Ecuador and Chile with propane for residential heating and cooking
  • Pietro AA on 27 Sep 13
     
    Propane producers try to gain more by selling more. But they need a greater demand. Since natural gas and propane are substitute goods, and the natural gas industy has recently boomed, propane lost a lot of demand. So "propane distributors seek to boost demand with land mowers" and by exporting these two complementary products to other countries.
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Analysis: Energy costs keep Japan's focus on nuclear, despite risks and use of renewabl... - 0 views

www.foxnews.com/...-nuclear-despite-risks-and-use scarcity Opportunity Cost energy risks japan
shared by Pietro AA on 16 Sep 13 - No Cached
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      Other scarse vaariables introduced: time and technology
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      safety is a desire of most men and it is also not infitite therefore it is scarse.
  • ctions take about six months for each reactor, and obtaining con
  • ...19 more annotations...
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
  • Energy costs keep Japan's focus on nuclear, despite risks and use of renewables
  • other plants remained closed for intensified safety checks
  • The issue is cost, and to a lesser extent, concern over a resurgence in climate-changing carbon emissions due to increased use of coal and oil to generate power. Clean energy still only accounts for 10 percent of total consumption — most of it hydropower. Much of the new capacity approved has yet to come online.
  • nuclear power remains essential, even with a surge in generation capacity from solar, wind and other renewable sources, and that the world's No. 3 economy cannot afford the mounting costs from importing gas and oil.
  • Japan has managed to avoid power rationing and blackouts. Industries have moved aggressively to avoid disruptions by installing backup generators and shifting to new sources, such as solar power.
  • households no
  • paying 30 percent more for electricity than before, with more rate hikes to come.
  • prompted a rethink of plans to raise nuclear capacity from one-third to over half of total demand.
  • Reliance on imported oil and gas has surged from about 60 percent of energy consumption to about 85 percent.
  • The recent weakening of the Japanese yen has added to the burden on the economy from oil and gas imports.
  • Abe and others in favor of resuming nuclear power contend that renewable energy is too expensive and unreliable — wind doesn't always blow, the sun doesn't always shine.
  • Apart from those issues, national security requires that Japan retain some self-sufficiency
  • Local communities are divided: many have relied heavily on nuclear plants for jobs and tax revenues, but worry over potential risks.
  • hat there's a huge opportunity in power
  • We're also seeing radical efficiency gains.
  • he disposal and security of nuclear waste are issues yet to be resolved.
  • For now, however, it appears any phase-out of nuclear power will be very gradual.
  • "In the long term if we can create new resources that are more efficient than the current oil-based system, then we can rely less on nuclear power, that's quite possible," Adachi said. "But it will take quite a long time."
  • Pietro AA on 16 Sep 13
     
    This article shows how, since the meltdown of the Fukushima plant in 2011, the "want" of security (which is scarce) increased and gave energy problems to the country (energy is one of the most important scarce resources . Japan finds itself making decisions limited by the scarcity of energy, safety, time and technology. Should it take risks and stop spending money? Should it keep everybody safe and just go for the hydrocarbur plants? Should it simply invest on renewable energy plants? Should it take time and reaserch   Pietro
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