EconM2015 September 2013

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.

This is a slightly older article from late 2012. Apple increased the minimum price for paid apps in the European app store from 0.79€ to 0.89€. The incentive behind this change was to match the US$0.99 equivalent in minimum price. The demand though did not change much as the price change was minimal, and it only applied to a small fraction of all apps.

This article discusses the argument that is ongoing between East Anglian MPs concerning the implementation of a toll road, and one such MP argued that demand for the toll roads is not inelastic, as drivers would take alternative routes to the toll road, and thus this opportunity of a substitute makes it inelastic.

This article talks about the price elasticity of demand on gas.

Here is an example of elasticity, due to the tax increases.

This deals with how prices are set in marketplace. When it was said that iPhone 5C will be a low-cost phone people were interested and now that it isn't they are makind orders smaller. The bright side is that other iPhones are ordered more.

This paper examines the effects of the increase of oil costs on countries that import oil for industrial purposes. It uses an equilibrium model to show the negative effects of an increased cost in oil. You must open the PDF.

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 is about oil price equilibrium. Global oil demand at the end of the second quarter of 2010 was still less than the level of two years earlier and that recovery in demand was unlikely to induce a further price increase.

Pollution has some major detrimental effects on the climate, so Australia has taken measures to reduce this effect. By instating a pricing mechanism or tax on carbon emissions after a certain threshold has been exceeded, it deters companies from emitting too much carbon, hence reducing the supply of pollutants in the atmosphere.

This article is about food prices raising as weather conditions are worst. Stable weather = cheap food Radical weather = expensive food (or no food at all) As it in the future will always be worst, producing food will be more expensive and buying it too. Tha article was published in May 2013 so the datas are quite recent and it is scaring that prices are currently rising at a rate of 3% per year.

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.

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. 

This short article talks about solar panel exports from China to Europe. If China's exporters agree to lower the price on solar panels, a new market equilibrium can be reached.

This article is about the growth in UK manufacturing. This relates to what we learned about economic growth. Manufacturing growth means that is an increase in the productive potential of the economy which can cause economic growth. Although this article is about facts and number, it is a good way to see how economic growth matters to a country.

The absence of any pricing mechanism in the Pakistani Pharmaceuticals market has caused a stop in production and inflation of the Rupee. I find it interesting because it really shows us how important a proper pricing mechanisms are in a market.

This article outlines the decrease in availability in foreclosure (aka mortgage, a real estate loan) in the area of Charlotte. As the availability of credit is a non-price determinant of demand, the demand curve has shifted to the left, which has changed the point of market equilibrium (when one graphs the price against the quantity of houses), and thus, the supply of houses in the area. This example clearly displays how shifts in the demand curve affect the overall market equilibrium, through the nature of the price mechanism.

I find it interesting that housing can get into the state of being in a market equilibrium

This article talks about the Chinese government 'easing price rules' on Sinopec. China's NDRC created a new pricing mechanism for Sinopec's oil which helped make bugger profits.