This article talks about how a group of people is considering creating their own currency.This raises many questions as would it be acceptable and what s the outcome on the rest of the world's economy especially that gold is intend to be used.
this article shows how some regulations in some countries could effect export of other countries and how the WTO handles the situation to ensure fare trade.
China will be calling for a commitment by the leaders of the Asia-Pacific Economic Cooperation forum toward the creation of a Pacific-rim free trade area by 2025, when they meet in November, according to a draft of a post-summit leaders’ declaration
Referring to a “Beijing Road Map” for APEC’s contribution to the realization of a free trade area covering the Asia-Pacific region, the draft declaration says, “We affirm our commitment to the eventual realization of an FTAAP by 2025.”
The vision of the APEC-wide, ambitious free trade zone emerged in 2006. APEC leaders agreed in 2010 to eventually achieve it on the basis of other preceding frameworks such as the TPP, but little has been decided so far.
This article talks about the initiative of china to create a free trade zone in the Asia Pacific region by 2025. The article talks about how this will be done and what 's in the draft.
This article highlights the objectives of candidates who are running to be mayor of the city of Portland. They discuss what their vision is and how they could reach it. Some of their goals is improving infrastructure which is an interventionist supply side policy. The article also highlights some macro economic objectives such as growth and lower unemployment
This article shows how one city could be responsible for the growth of a whole country. The growth in london is mostly due to big economic activity as money is constantly being invested and injected, the circular flow is also very fast.
This article talks about the inflation and unemployment rates in the United States. According to the Federal Reserve Chair, the economy is still unstable as unemployment rates exceed the Fed's goals, while inflation rates need a boost to achieve the target of 2%. The article suggests that monetary policies are going to be used in order to achieve the macroeconomics target of the USA.
This article is not very long, however, we can see a lot of the concepts studied this week within the article. It is clear that Indonesia has an independent central bank. It is also clear that some actions are being taken in order to reduce inflation and they seem to be successful as inflation has actually fallen, however, this small amount of change could be good in the long run.
This article talks about how unemployment is decreasing and what are the causes. We saw that there was a seasonal unemployment and that the government's intervention was helpful as it created new jobs
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 might look like a very short article, however, i found it to pretty much sum up the whole theory, Aggregate demand is influenced by the government and hence decisions must be taken to increase aggregate demand. However, they must pay attention to other factors such as inflation and unemployment. this is what happens in real life. It is not just making the decision or finding a solution, it is also considering consequences and real needs and the ability to conduct a change.
This article really relates to the concept of macroeconomics and how it is influenced. It illustrates how elections could affect macroeconomics in addition to external and foreign factors.
This article talks about price discrimination. In Australia, the government things that the prices are higher than anywhere else in the world ( prices charged by foreign companies). In my opinion, this is because these major companies had the ability to discriminate, due to income, which is found to be higher and the geographical destination. It is a third degree discrimination. All the required conditions for discrimination were available. The companies have ability to set prices, as they are in an oligopoly competition. The consumers in other parts in the world are not likely to by the product and sell it to Australians. And price elasticity in Australis is found to be higher due to the higher income they have,
This article demonstrates how the BBC monopoly was ended in 1955. It shows that monopoly is a bad thing and that it actually harms the consumer ( in this case the people who watched Tv). BBC's monopoly was somehow used to change people's point of view or to make them think in a certain way. This demonstrated the negative sides of a monopoly.
This article is about colleges merge ring. you can see that it is very similar to businesses merge ring. The cost will be cut and performance will be better. The article also shows that the impact i the short run will not be big, however, it i will start to show in the long run. this is exactly the case with any other merger of any type of business.
Intel's division which makes chips for desktop computers fell
s chips for desktop computers fell
% in 2013.
However, the company said there had been signs in the past few months that the PC sector was "stabilising".
For the full year 2013, the firm reported a net profit of $9.6bn, down 13% from a year ago.
Intel's chief financial officer, Stacy Smith, said the division's revenues in 2014 would probably come in toward the bottom of the previous estimate of 10% to 15% growth.
'Bringing innovation
That included a 3D-camera technology, where one of its depth sensors could be used to interpret gesture controls and to separate foreground objects from the background.
It said laptops featuring the technology would go on sale this year.
this is a very interesting article that demonstrates the total revenues and how they can fall or raise, it also compares different years' revenues and shows us how intel plans to overcome the fall in revenue.
The article is talking about the overall decrease in output in the UK. According to the article, some industries have been responsible for this, such as the industries of electronics, food and beverages. This hence affected the overall economical situation in the country which also affected the levels of imports and exports. The interesting thing is that even though the production has fallen in the short run, in the long run it was doing okay this demonstrates how we shouldn't judge from the short run situation and that we should take a look the overall result from the long run
This is a very interesting public good. It is both helpful for the government and the public. Pollution will decrease, which means better and healthier living condition, and the cost of the permits allows the government to add new public gods or improve the quality of its services.
Walmart is considered to be the business number one in the world, in terms of revenue. However, from this article you can clearly see how their behavior towards stakeholders is really unethical. Many other articles also talk about how they treat their employees. This makes it clear that there is a negative externalize involved with this business.