Economics IB Allen Perry

Interesting article. Talks about how if one would put a price on carbon or a tax on carbon emissions we would essentially cut down or discourage pollution.

This is indeed an interesting article, climate change is definitely changing our lives and governments are trying to control the impact of climate change through carbon taxation.

Article introduces a new way to fight obesity unhealthy food consumption ; by increasing the tax on fast food and sugary drinks and decreasing the tax of vegetables and fruits in order to encourage a healthy diet.

I think that this a great article in many ways. First of all, it shows how we can no look at economics in only one way and that nothing is actually certain because there are many determinants. One action can have exactly opposite results even. Secondly, I think that it is really interesting that a change would effect one group but not the other. I mean it is not actually "interesting" because it is a daily life that we can observe, but it was interesting to be reminded of that fact once more, related to what we have learned this week. Lastly, the strategy they have thought of to fight obesity really made sense to me. Nutrition is really important and it always seemed very irrational to me that all these junk food is more expensive than healthy food. It makes sense considering that different markets benefit from this situation, but still on something that relates to health, I believe that we should be more worried about society's benefit than companies benefits'. I believe that there may be exceptions to equilibrium, if it will benefit humanity.

The article is about how the prices of breakfast items had a big jump. Since these products are inelastic, their demand seems to be not affected from these minor price changes. Since there are not many alternatives or substitutes for these products (You wouldn't want to eat spaghetti in breakfast, would you?), people tend to show the least reaction to changes in the prices.

According to this article, there is a sharp increase in the price of beans used to make coffee drinks and therefore an increase in the coffee drinks themselves but it is not affecting the amount of people that still purchase the coffee. The article states that the people are very committed to their coffee drinking the substance in an almost 'ritualistic' manner. In this circumstance, the coffee can be thought of as having very inelastic demand.

This article is about decrease in price of petrol in India.

in this article its talking about how the price of oil drops and continues to drop. and the most likely reason for this is that the world is loosing the amount of oil it once had. So since the world is loosing the amount of oil it once had the price keeps dropping. as there is a lack of supply of it

This article is speaking of how the not so recent, yet ever existing problem of supply and demand of oil continues to be a problem for everyone. This has been caused by a sudden jump in price, which can most likely be connected to a lack of supply, causing a greater demand.

After an extremely poor grape harvest from 2012, there are predictions of a shortage of wine in the following years. The supply for wine will not meet the demand, knocking the market out of equilibrium.

This article discusses how the price of oil has slumped from $115 to $92, a decline of 20% and the lowest for more than two years has in turn increased the quantity demanded for the raw commodity of oil. The article also discusses how this chain of events will allow for an increasing equitable distribution among consumers.

This article discusses how water is being sold too cheaply, even when there is a drought. Here price mechanism should come in to regulate and allocate scarce resources. It says that people consuming the water have no incentive to stop wasting if the price is so low

Also, Water is quite inelastic since people will continue to use it (largely because we need it). The fact that it is so inelastic can actually be dangerous. this is because we continue to consume it whether or not the price increases.

"Few carriers besides Maersk are profitable, too many new ships are being built, and demand for space on container ships is slowing as economies in Europe and Asia face headwinds." This article is about how the supply of space on cargo ships has vastly increased in the last 15 years, but demand slows as economies around the globe face the recession. This example shows how a situation of excess supply can be created due to the external forces of demand decreasing due to lower income.

This article talks about high demands for water and dwindling supply. This is forcing government/companies to raise water prices so it would restrict usage of it. Like California where drought is causing high prices and low usage of water. Water has pretty neutral elasticity so government and businesses can make decisions capitalizing on its elasticity.

This article discusses that how with the spread of Ebola, to America, the demand for Clorox has increased. Earlier, the demand for clorox wasn't this high. Wiht the spread of Ebola, people have started buying CLorox more, creating a positive PED. In the textbook, it says that in short term the PED won't show great change. But here it shows a significant change,

This article disscusses how Hershey products fell and haven't met the expectation since it's the season of Halloween and Kit Kat and Reese's exceeded the candy maker expectation. However to reduce impact of volume of elasticty will work closely with retail costumers and insure good advertisment and promotion is being made.

This is a great article! It shows how Hershey has chosen to take in other factors of business such as marketing and advertising to improve it's demand in it's products.

There have been two significant changes in prices for travel in Bristol. One is the toll on Brunel's iconic Clifton Suspension Bridge doubled from 50p to £1 for a single crossing by car in order to meet the need for maintenance and repair. The another is that the First Group cut bus fares in Bristol and surrounding areas. Single fares for up to three miles were cut from £2.90 to £1.50; 30% discounts were introduced for those aged 16 to 21; half-price tickets were introduced for children from 5 to 15; and the two fare zones for £4 and £6 day tickets were substantially increased in size to attract more passengers and increase the revenue.

This article is about the idea of shutting down power in order to preserve it when there is a supply shortage in power. Article also offers renewable energy sources as an alternative and gives information about how to manage it; in contrary to our beliefs, renewable energy sources also seem like a scarce source since producing energy depends on e.g. how much wind you receive that given month etc.

The ubiquitous coffee chain is slashing prices on its packaged coffee by 10 percent - from $9.99 for 12 ounces to $8.99 a bag. Starbucks raked in $380 million from non-café sales last quarter - with a profit of about $2.55 per bag. The article indicates how in order to increase the quantity demanded for the baged coffee they will have to decrease its price.

In my opinion, this article is a great example what companies can do to keep up with the competition in the market and to increase the demand. It also shows how effective competition can be on even major companies such as Starbucks.

I think this is a great article to show how Starbucks is using price mechanism as a factor in competing against it's competition. It shows how a major company like Starbucks can become the market leader.

Setting prices can be a very challenging part of running a successful business. You want to be competitive, but you also need to be profitable if you want to survive for the long term. So how do you go about setting prices that'll help you do both?

German business confidence has fallen to its lowest level in almost two years, a survey suggests, raising concerns about the strength of Europe's largest economy. The Ifo think tank's closely-watched Business Climate Index fell to 103.2 in October, down from 104.7 in the previous month.

Nowadays people are thinking that there is nothing to worry about in the oil industry of the world, but in economic terms, researchers are stating that the oil supply is becoming less elastic because new oil supplies come increasingly from unconventional oil. This is due to the fact that the new oil reserves that people are now exploiting are more expensive and they take much longer between the time the first well is drilled and when the first oil is produced

This article speaks about how as oil prices continue to rise, we must find a way to make oil prices more elastic.

It is about the changes in the PED of oil that is caused by the change in the sources.