Andy's PJE 2013-15 SL Economics class

this article is about price control mechanism , price ceiling used on high price of plane tickets "creating competition is more effective at protecting customers from high prices than imposing ceiling prices for flight tickets on domestic lines."

This article is about the recent market failure indication in my country, citizens waiting for hours in the sun just to buy basic commodities like oil and sugar. this is due to business trying to over profit from these markets. the government tried to put price ceilings on these products however it lead to artificial shortages of the products in the market.

Car prices in Venezuela are expensive so the government put a price ceiling it.

"For those who cannot grasp the extent to which pollution can actually cause harm, how about this: an 8-year-old with lung cancer."

This talks about how New York deals with the negative externality caused by smoking.

Carbon markets have lost us more than 15 years in the battle against climate change yet we continue to plough forward with scaling them up. Why? Some hope that this global expansion of carbon markets will revive their fortunes, helping to raise billions for investments in low-carbon and climate change mitigation technologies. this article shows in a scense how market failure has negative impacts on the environment.

This is my article for this week's topic - Tragedy of the Commons/Public Access The article above relates to green economy and the government's actions pertain to sustaining the value of forests.  My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/01/15-2_-_Tragedy_of_the - Bee

This talks about Indian farming areas that are turned into housing plots

The population growth is affecting the environment globally.

The following article talks about how 2 local environmental activists Zé Cláudio Ribeiro and his wife Maria do Espirito Santo were shot outside their house by illegal loggers who were upset with them protecting the rainforest. On the same day that they were killed Brazil passed a new law making it easier for loggers, cattle farmers etc. to cut down parts of the rainforest reducing Brazil's Commons.

This article talks about Japan's exports and how it has affected their domestic demand

This doesn't talk about aggregate supply but does begin to look at the effects of increasing the minimum wage so I think it could be useful to blog about because it leaves more analysis to be done.

Business growth in the eurozone eased this month but the bloc's economy continued to expand at a "robust pace", a closely watched survey suggests. The latest Markit eurozone composite purchasing managers' index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion.

this article shows how Ethiopia acquired a double digit growth in recent years. it explain the significance of policy changes in the growth of the economy.

This article talks about how economic growth on its own is not sufficient enough to battle extreme poverty. The world bank stresses that we need to reduce poverty, at a rate of 50 million a year until 2030. As we know fiscal policies can be used to stimulate growth but this is not the only use. We can also use them to redistribute income, which is necessary in this case. Further more monetary policy is not good enough in tackling these issues directly. Dedicated government spending and tax cuts on the poor are far better fiscal policies to deal with the issue.

The following article talks about Obama's Budget for the US this year. It proposes low-income tax breaks, to further decrease the income inequality in the US and give more benefits to the low income earners in the US.

This article talks about tax increases for high-income Americans, and how this plus spending cuts and economic growth might help reduce their debt.

how the fiscal policy related to the economic growth in Ethiopia might not result in a sustainable economic growth.

Thatcher-era supply-side policy had been used in UK for a number of decades. Mark Carney, the new governor of the Bank of England wants to reduce unemployment through the monetary policy goal rather than the supply-side policy. He is making efforts to change the emphasis on the supply-side policy, which has always aimed to reduce employment and to control inflation by implementing the increase in investments and the introduction of taxes towards the rich. Carney wants to shift the conditions of the markets towards driving up more investors and creating financial stability through the interest rate policy. This may be the solution to UK's economic problems, which had been lasting for a number of years since 2008 and the Euro crisis.