Group items tagged

This whole article is just a review of what was said by an economist. The part I found especially important is towards the end of the first page, where he talks about how aggregate supply is sometime undervalued. The Commerce Department generally does not report on the aggregate supply, but rather they focus on aggregate demand. For the aggregate supply. the work actually needs to get done for it to happen. The work being labour and productivity.

Theis article talks about how Federal Reserve Chairman Ben Bernanke believes aggregate demand, not supply, is the reason of economic restraint and unemployment. For aggregate supply, economic activity, and GDP to increase, he believes that aggregate demands need to increase as well for the unemployed to produce these effects.

This an interesting article about the economic happenings from the Great Recession to the present day. It explains how the US economy progressed through and after the recession through the use of fiscal and monetary policies. However, these "policies" did not seem to efficiently help in the recovery of economic growth. Issuing higher taxes (for the so-called sake of increasing government revenue) on both the demand side and the supply side caused further damage to economic recovery and unemployment.

This article discusses the issue of excess copper and nickel supply, and the effect it has on the prices.

It is an easy example of how supply and demand work...

This article talks about how the demand of the imported coffee is staying the same (same price) while the supply is dropping due to weather conditions. Suppliers want the price to fall on the coffe to simulate more demand and help with the lower pay they are getting for their roast. This relates closely to my blog post about the decrease of exported coffee from India.

This article talks about why India needs supply side economics to develop the economy and reduce inflation and unemployment

This is an article discussing the different views on the Keynesian model of LRAS. The author argues that the Keynesian model does not account for influences of fiscal policy, and relates this to American economic policy.

This article discusses the scarcity of land supply in Chicago and the resulting shift towards home reselling. It explains that, since the scarcity of land has greatly upped the price of constructing new homes, home reselling has consistently and overwhelmingly exceeded new house construction. It also discusses that it was more cost efficient to buy the house, completely demolish it, and rebuild the it on the property than build a new one somewhere else, which provides an example of the sheer effect scarcity has on price.

Review this article on the decline of chocolate

The expected decrease in supply of oil is to be at 120,000 barrels a day falling to 90,000. The result of this is higher prices on oil will affect many markets and maybe even have a small impact on the global market for exports. Syria is reported to have the highest decrease in supply this year.

Due to extreme weather changes, droughts and floods are causing bad harvest all around the world. This causes corn and wheat supply to decrease and food prices to increase. Food however has a very inelastic demand. Food is a necessity and therefore people are willing to purchase it at higher prices. 

This article is about the spike in corn prices in 2007. It talks about the price of corn which is the main ingredient in ethanol, the primary alternative fuel, is increasing fast and causing a series of problems on the market e.g. the price of other food which is made of corn is rising dramatically, farmers complains that corn price is too high for them to feed live-stocks. There are also many predictions in the article about the future price of corn based on the demand and supply rules. This is an great article related to what we have learned. So check it out!!

This article is about India's need for supply side policies, to ensure future economic growth, and prevent the growing industry to grow to be a problem for the future economy.

Breaks down the understanding of the Chinese Economy based on three parts: its supply, demand, and credits. It outlines the types of supply, demand, and different types of credit that China's economy depends on. Along with it's reliance on investments. An interesting fact is that last year, output of services made for 46% of the GDP in China.

This articles talks about how there has been an increase in minimum wage in America. Overall, the article says it is indeed a very good thing for the economy. Changes to labour costs mean that the increase in wages leads to increased costs of production which leads to a fall in aggregate supply.

Review this article on the effects of bees on almond supply

The Article i found is about the demand and supply on rubber gloves for doctors.

This article talks about costs of production, different possible ways of production and how those issues affect the price of the product. The increasing costs of production affect the supply curve to shift to the left which is bad and in this case they try to avoid it by trying to move the production to a different country.