Economics HL - Jacob Solomon's group - Year 1

Natural Disasters, Latest Natural Disaster News - Aggregate supply rises when weather conditions are stable and well, however the rate of bad weather, such as these fires which are destroying large chunks of land will cause the aggregate supply to decrease.

This article talks about the increasing rate of unemployment across the EU. Although there is a record spike in the last month, unemployment has been rising in every area for a number, and the article discusses likely results and factors leading to this issue.

This article talks about how the Aggregate Demand increases in that year.

This article talks about how an earthquake in Japan has cause economic losses to the "world's third largest economy" and the global effects of it.

This article talks about how beer prices are rising and like the concept in oligopoly, the rest of the firms follow and vice versa. "After South African Breweries bought Miller in 2002, it set out to take market share from Bud. Its bigger rival responded by slashing prices. The others were then forced to match."

When countries form a free-trade deal, it allows the imports and exports between the countries to grow, because there are less trade restrictions such as tariffs. This means that, with import prices decreasing, aggregate supply in Canada will increase.

This article concerns the fact that minimum wage for the UK will be raised by 11p; an increase of 1.8% from its current level. This change will affect aggregate supply in the short run (SRAS curve); as it will effectively increase the costs of production for all the firms in the industries of the economy. The result will be a shift to the left on the SRAS model.

This article discusses the impact of business franchises in the US economy. The output and production of the franchises has been increasing and maturing as the economy gets better. This contributes to the national output, and the capacity for that output known as aggregate supply.  "The franchise industry is a unique business sector and a vitally important contributor to the U.S. economy spanning some 300 lines of business, supporting nearly 18 million jobs, 825,000 establishments and providing for over $2.1 trillion in economic output,"

NASDAQ News: Mexico's 4Q Aggregate Demand Up 3.9% On Year This article discusses the increase in Aggregate Demand in Mexico in the last Quarter of 2011. Furthermore, because of this increase of AD, the GDP also rose.

"Hewlett-Packard (HP), the world's largest information technology company and an icon of U.S. business, announced that it intends to exit the personal computer industry, including the rapidly expanding smartphone and tablet segments"

AirAsia has monopoly on the route between Kuala Lumpur and Sandakan, as Malaysian Airlines subsidiary airline Firefly is no longer a competition between the two destinations.

This article offers an explanation of the role of the bank of Canada in the economy and all the different factors they have to assess and keep in mind in order to help economic growth...one of the factors they must consider is aggregate demand....as it is related to a lot of other factors.

This article discussed how Robert Skidelsky, a member of the British House of Lords, is Professor Emeritus of Political Economy at Warwick University. For more from Skidelsky, visit Project Syndicate or follow it on Facebook and Twitter. By Robert Skidelsky, Project Syndicate The recent European Union summit was a disaster.

It is about how European Union summit was a disaster, and that the debts of the government has been mounting up. Therefore, they are thinking of plans for the future to make the eurozone stay, survive and not dealing with economic downfall.

This article discusses whether or not it is a realistic or feasbale presumption to make that an aggregate supply curve can be vertical in the long run. The article discusses this is alot of detail and outline reasons why in fact the model may not work as it is yet to be truly tested.

This article discusses the declining threat of further economic downturn for the United States...a recession is one of the things that can be considered when looking at a macroeconomic level...

Jan 11th 2012, 15:07 by C.O. | LONDON SCOTT SUMNER recently wrote a nice post entitled "The myth of the pro-German ECB". I disagree with his argument that the Balassa-Samuelson effect explains higher inflation rates in the European periphery (isn't this effect based on productivity gains in the tradables sector?), but in my view he is right on his main point: monetary policy by the ECB was too tight for Germany. This article is about how Germany seems to be the only country in the eurozone not failing because of the reduction in aggregate demand from the euro. It explores the reasons for this.

This article is about how the falling prices may not be good news for everyone. It may mean that jobs are harder to get when businesses don't want to employ more people. It may symbolise the fact that a recession is about to happen or is happening.

"Wal-Mart's influence on the U.S. economy has reached levels not seen by a single company since the 19th-century rise of Standard Oil, economists and historians say" To state that Wal-Mart is huge would be an understatement and in my perspective, it is the perfect example of economies of scale. The article is a bit lenthy though but the points are well explained.

India's booming GDP has been making it become a leading pioneer in economic development. However, while the demand side is soaring, the supply side is lagged behind. The production capacity is not enough to catch up with the expand in demand. However, while the trend could not slow down, India can neither create enough jobs nor fund an ambitious welfare state without faster economic growth.