IB Econ HL Section B

Mexico is heavily dependent on oil funds. However, amidst the decline of the oil revenue, lawmakers have proposed an increase in the nations VAT to offset losses. Will the raise in taxes help Mexico's economy? Or is it a tax that is unfair to the nation's population?

This article talks about the cost of falling energy prices for Exxon. Because prices are dropping, the company is not making as much revenue. This means that the costs of production are not offset as much by the revenue. With the falling prices, the company is less able to pay the costs.

India is a highly competitive market with some of the lowest rates in the world, and penetration of all market sectors is growing. This sector is considered to be the closest to achieving 'perfect competition' in an economy. This article expresses doubts about the opportunities for mobile virtual network operators in such a market.

Japal Airline is experiencing a massive loss of revenue. The theory of pure competition is relevant to thsi article because if JAL continues to fail to maximize profit and reduce its loss, there are possibilities of the firm to withdraw from the industry.

Air India has lost over a billion dollars in the past year because the current recession has reduced air traffic, and thus profits. This is an example of a market without pure competition, because the firm and others in the industry are losing so much money.

This article relates to the great competitivity which is undoubtedly present in the Canadian music market, "with 11 times the music businesses expected for its size."

Rostelecom, a Russian firm, suffered 85 percent profit loss, falling from 9.8 roubles to 1.4 roubles. This was due to a foreign exchange loss.

This article is about an large increase in profit of Warren Buffet's investment firm. Revenue increased by two billion dollars in the course on one year.

Along with the many countries throughout the world experienced harship over the economic recession, Canada was also one of them. Despite this crucial damage, Canada is starting to show some improvements from the damage. A Vancouver-based company, Telus Corp. annouced that there had been a weak eocnomic growth in the industry.

Chrysler looks to decrease costs by improving efficiency and productivity. They planned to reduce costs by making the type of car they created variable in the long run. The new short run as a result of this new, cheaper car has the cost of production of the new Chrysler at a lower fixed cost.

This article is about the declining revenues and profits at Time Warner, one of the world's largest media firms. Time Warner owns news corporations such as CNN, TNT and HBO. The main reason for this is declining DVD sales, but the loss in profits also reflects the change in the way people are viewing and consuming television and movies.

This article is about the profit the insurance, private pension and savings bond businesses of Brazilian banking group Itaú Unibanco had in the third quarter. Business by business, life and private pension plans contributed to this gain. Total profit was $216 million USD.

This article examines profits, production, and also the costs of necessary expenses. It looks at the changes that have occurred in the Devon Energy Corporation since last year. It also looks at how lower product costs affect production of the corporation.

This Articel from the Wall Street Journal explains how The Price is Chrysler's fell by 30% and would hope to raise demand in the brand of cars, and get people to Buy.

This article describes the slow recovery Citigroup is going through after the "recent near-death experience" it suffered; this was due to the increasing costs of production which brought negative returns and started to create debts, almost deleting all budget. It is rising again thanks to a subsidy offered by the government.

Japan has fought off the hard economic struggles after WWII, and seemed to finally achieve economic stability after twenty years of hardship........until the economic crisis hit worldwide and paradise lost. Wages began to fall at the nation-level even before the crisis hit Japan because the workforce shifted from well-paid elderlies to underpaid yougnsters. Because of this, Japanese consumerism seems to have changed - people are suddenly more thrifty. The firms have to fight for a better deal against other firms under the competition.

This article is about the rising unemployment rate in Britain, which has increased to 1.79 million (5.7%). This is primarily a consequence of the credit crunch, which can be attributed to annual growth slowing down to 3.4%.

This article explains how drug trafficing in columbia and This trend was coupled with a worsening of the armed conflict, which according to Uribe was due to guerrillas' involvement in the drug trade.

This article is about the Mining of Diamonds in Zimbabwe. While the mining of these diamonds may lead to economic growth for the country, it does not lead to economic development. The money falls into the hands of unsavory Mafia types instead of the hands of the people who mine.

This article describes Ahmed's, Somalia's president, intentions to increase the development of the country; this is turning very hard to achieve as the civil war is destroying everything that had been built. Ahmed is now asking foreign countries to help him with is desire to develop the country towards higher standards of living, through first reaching peace.