IB Econ HL Section B

Despite their great numbers, many of the men not working are missing from the nation's best- known statistic on unemployment. The jobless rate is now low 4.6%, yet that number excluded most of the missinf men, because they have stopped looking for work and are therefore not considered officially unemployed. That makes the unemployment rate a far less useful measure of the country's well-being than it once was.

Although one of the world's most prosperous nations, America does seem to lag behind most in one area: life expectancy. This is due to the generally unhealthy lifestyles of Americans and the inequalities between African Americans and whites. This article finds however that the gap between the two races is slowly narrowing, and life expectancy as a whole is increasing.

this article expresses how the umemployment rates have shot up the past month and increase every day. The problem with unemployment statistics is not just numbers counted it is the numbers of unemployed and underemployed people who are NOT counted. The definition of unemployment excludes a huge number of unemployed and underemployed people. The counters ONLY count people actually, actively looking for work. sooner or later they rates will lower and employment rates will raise.

This article discusses the attempts countries around the world are doing to correct a market failure caused by a negative externality, pollution, which is also casuing severe climate changes around the world, such as global warming.

This article is about teachers in Chad going on strike because their pay does not cover high food prices and other costs of living. This high cost of living, which many people cannot afford, means that people's lives are not improving. This shows a lack of economic development.

Ottawa makes it harder for people to get a mortgage. This is being done because they are trying to avoid market failure in the market for housing as is going on in other countries.

This article describes a measure proposed by Obama as part of his healthcare overhaul and job creation plans, in which $225 million in Department of Labor grants would be used to train 15,000 people in job skills in careers such as healthcare, info-tech and other high growth fields. A high and steady rate of employment is a principle macroeconomic goal of the government.

This article talks about how Toyota's electric car has always had problems that need to be fixed. Toyota manages to solve thes problems and always brings back a better model. This article relates to Public Goods because the electric car is an invention that was created to help with air polution. Air is not something that can be bought or sold, and it is our reponsability to keep it clean. Toyota's electric car is providing an alternative to only using petrol to power cars.

Almost one in three public sector employers plan to shed jobs this quarter. Markets keep on chrashing due to economic ressesion. and people constantlt lose their jobs. However, there was better news from the private sector, which expects to see staff numbers grow for the first time since the start of the recession.

This article reports about the potential "side-effects" of President Obama's new agenda that attempts to reconstruct financial regulation, overhaul the national health care system, and deal with long-term budget deficits. This is relevant to this weeks topic because US is currently attempting to recover from its catastrophe disaster and aim to achieve almost all the macroeconomics goals

This article gives an example of the positive impacts of a lower unemployment rate. The article mentions that as a result, interest rates will most likely increase in March.

This article is about the macroeconomic goal of maintaining stable price levels. Inflation is where there is so much money that it lessens in value. China is currently experiencing this. They are attempting to combat it and stabilize price levels by lessening the availability of credit. If less loans are available, then less money will be spent, and money will retain its value.

This article talks about President Obama's recent actions to crack down on pollution and harmful emissions in the United States. It talks about Obama's use of pollution permits to encourage a decrease in emissions for electronic utilities and factories. Essentially, Obama wants to use the market for pollution permits to protect climate and develop greener technology.

In this article, a serious negative externality of a public good is presented: deaths in a public road, or more specifically a motorway. There are numerous preventable accidents occurring in the road, mostly due to police inefficiency, and neglecting of safety standards. This public good is definitely an example of a market failure.

This article talks about how McDonalds recently started a $1 dolar breakfast meal to try and increase sales. This price for breakfast does not take into consideration the social cost of consuming such unhealthy food. Because of the negative externalities such as weight gain and heart attacts, this is a form of market failure, .

Toyota will recall 300,000 Prius hybrid vehicles because of brake flaws, newspapers reported Sunday, in the latest blow to the Japanese car giant reeling from safety woes that have sullied its reputation. this takes a tole on society for those who try to help unpollute the world. where this good is well, good and now its gone

This article talks about how the US government implementing Health care reform would have many positive externalities. In addition to producing an overall healthier population, the health care also provides more job opportunities for people not only in the health care industry but for people with MBA's as more people are needed to organize the growing sector.

This article talks about the car industry and how various care companies are trying themselves. Many are trying to be the "most environmentally friendly". Some keeping performance as their distinguishing factor. All of this shows forms of non-price discrimination in the marker

This article gives an example of a service that causes positive externalities. It describes the addition of two new fire stations. According to the article's report, the positive externality of this service is that response times have been dropped by an average of 30 seconds, which can be the difference between life and death.

This article is about Washington's plans to increase pollution taxes, which would supposedly increase state revenue by 225 million. This tax would have the double benefit of relieving the recession-hobbled state budget and encouraging environmentally friendly business practices.