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Home/ EconM2015 September 2013/ Contents contributed and discussions participated by Ganesh Sivamani

Contents contributed and discussions participated by Ganesh Sivamani

Ganesh Sivamani

Five economic issues that have the RBI Governor Raghuram Rajan worried - Economic Times - 1 views

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    This article looks at what the Royal Bank of India believes could be harmful for the future. There are five main points, and one of them talks about the aggregated demand. There is hope for the aggregate demand to increase due to infrastructure projects coming through.
Ganesh Sivamani

Pakistan's economy improving: IMF | SAMAA TV - 1 views

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    This article details how the economy in Pakistan is showing signs of improvement. The level of economic activity has increased, especially due to reforms in the electricity sector (problems with load shedding have been resolved). The GDP has had better than expected growth, which brings about a positive outlook for the country's economy.
Ganesh Sivamani

The economics and politics of road toll in Maharashtra | The Indian Express - 0 views

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    This article covers the story of how a political party in India promises to eradicate tolls on a road if they get elected into power in the upcoming elections. Currently, it would take over 20 years for the cumulative toll to cover the cost of paying the company which built the roads. If the party does indeed come into power, then they would have to find a space in the budget for five times the current allocated money for road works. The political party saw an opportunity to get publicity by making this promise, since all commuters hate paying tolls.
Ganesh Sivamani

Tax exemption for public access to treasured artworks is 'a racket' | Art and design | ... - 1 views

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    This article talks about how owners of rare artworks are exempt from paying inheritance taxes as long as they allow viewing access to the public. This is somewhat an inverse of the tragedy of the commons where instead of restricting the usage of the "commons", the government encourages allowing more access to the commons. The main reason for this would be because artworks have cultural significance.
Ganesh Sivamani

Market rate to set marijuana prices for excise tax - 0 views

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    This article mentions how the Colorado regulators are seeking to impose an excise tax on the upcoming sale of cannabis. They need to figure out the right percentage to use for the tax, but since they don't have previous sales figures, they will have to do further market research to find the optimal percentage tax to put on marijuana.
Ganesh Sivamani

Sri Lanka Tobacco monopoly volumes, revenues drop - 0 views

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    This article talks about how the PED of tobacco is not as inelastic as once previously thought. The price of tobacco is increasing due to the government adding taxes, and because of the large increases in prices, the demand for tobacco is decreasing.
Ganesh Sivamani

Apple's iPhone 5c pricing seen as right move, holiday sales expected to pick up steam - 0 views

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    This article is about Apple's latest offering, the iPhone 5c, which is a cheaper alternative for the iPone 5S. It talks about the elasticity of the iPhone 5c, since it is a substitute (yet still very expensive) for the iPhone 5s.
Ganesh Sivamani

UPDATE 2-OPEC crude output is at the right level, says UAE | Reuters - 0 views

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    This is an article talking about how the USA believes that their production levels of crude oil is suitable enough for the market. They believe that they have attained an equilibrium, and the quantity and price they're using is perfect for both them and their customers. 
Ganesh Sivamani

Coffee exports fall 5.3% on low demand from US, EU | Business Standard - 0 views

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    This is an article describing how there is a decrease in demand for Indian coffee. The factor that caused this drop in demand was that large nations were looking for cheaper coffees. If the price of coffee is decreased, it is likely that the quantity sold would increase (demand curve)
Ganesh Sivamani

Artificial scarcity at iPhone launch-CNET's Molly Wood | Video | Reuters.com | Diigo - 0 views

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    In this video, one can see how Apple created a false sense of scarcity of their products. This makes the demand for the product increase since potential consumers believe that there is a high demand for the product.
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