Economics HL Year 2

A short article that talks about how a high demand can effect the supply.

An article that talks about the how does demand affect the supply, supply and demand model of price determination, there is never a surplus or shortage of goods at the equilibrium level. The market always settles at the point where supply equals demand.

A quick article on an opportunity cost that a lot of people have to go through

The article is appropriate. What specifically did you wish to focus on in relation to opportunity cost?

it is a short article about an opportunity cost, every one have different opinion on how to manage the money and what's the most value of the best alternative forgone.

An article that questions price elasticity and has some great points about how this effects the market

Intel has predicted they will make almost a billion dollars less, which is a sign that there is limited demand for PCs.

I think this is a good example of opportunity cost, as it shows that while buying renting a house may give you more money to spend on things at the current time, buying a house will decrease the amount of money at that time, but will give you more in the long run.

Hi Johaan I agree with the points you have made. Very relevant to opportunity cost. Do also try to use other bookmarking tools such as highlighting so that you are familiar with this. Good job. Ms Charles

This is a great example of both scarcity and opportunity cost, since the decision Russia is going to have to make is depending on the scarcity of money that is going to increase if they use natural gas as a threatening weapon towards the countries in Europe. The opportunity cost of Russia choosing to keep trading natural gas for money, is not being able to threat European countries using natural gas.

Hi Izuru Very relevant article. Good work

According to the FIA (Futures Industry Association), gold future contracts have grown the most in China in the past 5 years. The amount of increase of demand for gold contract was 416% in 2013, of that compared to 2008. "Overnight trading" is said to be of the reasons for this immense growth.

Hi Izuru Great summary. However please try using some of the bookmarking tools. Ms Charles