Andy's PJE 2013-15 SL Economics class

This talks about Ontario's problem and how they are going to deal with nuclear waste, which is a negative externality of nuclear power.

This article talks about the economy of Turkey and how it has changed rapidly within a few years all because of political stability, they say.

The following article summarizes Obama's speech, where he talks about how the economy is gradually recovering from the financial crisis. The President states how the housing, manufacturing and automotive markets are rebounding, and thus leading the US out of the financial crisis. Obama then explains how there still is a long road ahead for the financial crisis to be overcome, in order for nobody to be left behind without a job.

The Australia government is proposing a change in their confusing government subsidies for childcare to have one single payment which subsidizes up to 90% for low income families. This is a tool to reduce income inequality and to encourage young children from lower income groups to be able to have a strong foundation in their education. The problem of this subsidy is the question of the unhappiness of the taxes payers who may resist this proposal because of the higher government expenditure incurred on families which may have many social problems and are unable to have a stable employment.

Indonesia's economy is reporting the slowest growth rate in 4 years. While in the previous years the GDP increased by over 6 % this year the economy only grew by 5.78 percent. Apparently are declines in the import of raw materials and machinery, and the Indonesian central bank raised its benchmark 5 times to account for their current deficit of 10 billion.

Official figures about to be released are expected to show the UK economy grew at its fastest rate since before the financial crisis.

This article talks about how the US economy has grown by 3.6 percent in the third quarter of 2013, and how stockpiles account for a vast majority of this grow.

this article relates to this week topic on macro economics. this article is about Ethiopia's macroeconomic activity and how the GDP being reported no national tv is inflated and if it does not of substantial base it will inevitably collapse.

With elections on in many parts of India, much is being said about the importance of democracy and how it brings growth and prosperity.

This article shows the impact of unemployment data on the currency and mentions how monetary policy should be used to control aggregate demand.

This is my article for this week's topic - China overtakes US as the biggest importer of oil. The article above relates to Aggregate Demand My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/02/20-3_-_Aggregate_Demand_Newsstand - Bee

this article relates to this weeks topic on aggregate demand. this article shows as the aggregate demand in Africa and other parts of the world increases with every coming decade. this increasing aggregate demand must be met with the right amount of supply as manufacturing companies and services increase in africa.

BBC News - Greece jobless rate hits new record of 28%

this article relates to week 18 economics and politics. the governments influence to oppress communication has resulted Ethiopia for only 2.5% of the population of 90 million able to use the internet.

Whether you own a sprawling estate or a shoebox with a tiny garden, any oil or natural gas to be found underground belongs to the Queen. How did this happen?

"Collective community-based rights could put the world's fisheries on a sustainable footing after decades of over-exploitation, an expert suggests."

"The slowdown in the eurozone and US has hurt Asia's manufacturing and export sectors"

This is my article for this week's topic - negative externality. The article above relates to waste disposal issues in Thailand. My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2013/12/12-2_-_Negative_Externality - Bee

Smoking is a negative externality. Children who have exposure especially to relatives who smoke will have a greater chance of childhood asthma. The smoking ban is very healthful, as it has caused a decrease in the rate of children emitted to the hospital with severe asthma. The ban on smoking in the enclosed public places has helped the children to have less health problems. The government benefits because it reduces government expenditure in the NHS, which is a public good. The statistics reflect the decrease in admission of about 6800 is a positive benefit to the public especially the young children.

A negative externality hits the society as smokers affect children giving them asthma, according to this article. This effect does not affect the cigarette companies, however, but smoking restrictions came into force in attempts of decreasing the damage it does to society.