Group items tagged

This Bloomberg article talked about how China is trying to raise the currency and make Yuan become a global currency. It also mentioned China used to peg Yuan on US dollar until 2005, then they changed the policy to manage Yuan in a certain range.

The article is concerned with the increasing currency value of the Yuan. In the past couple years, the value of the Yuan has increased significantly. This increase in the currencies value is due to the China opening its markets and showing leniency in trading. However, the Yuan though growing in strength has much to do before it becomes the world currency. It must be adaptable. The Chinese government has stated that they will open the market more by 2020. When the currency will replace US is unknown but it seems that it will surpass the US dollar with time. The article was eyeopening. I had never realized the Yuan was so strong. I will definitely look at the Yuan when i read economic news.

This article talked about how VW company decide to use one billion dollars to build LEED Platinum to make their car 25% cleaner. In the short run the production cost increased one billion. Since the car will get cleaner, the demand should increase. 

This article talks about an earthquake and the lack of water available.This article essentially talks about how the demand for water was high but the price remained therefore people with more use for the water werent able to get the resource; it; some needed it for baby formula whilst others for cleaning dishes. The writer argues that if the price of the water was raised, as it was scarce, then people with higher priorities wouldn't mind spending the extra money. Economist Eric Cramption then dismisses an argument against price allocating resources; the poor would get poorer. . 

The article talks about that china is saying that the yuan is now in equillibrium with the US dollars. They are implimenting that since their state of economy is getting better, they are as good as the USA.

This article talks about the unemployment rate in US, the changes which happened since the time when the George W. Bush and Barack Obama were the leaders of the country till today. The unemployment level was extremely increasing from 2008 till 2010 and in the article you'll find what type of restrictions were taken to bring everything to an optimal level.

Prices of petroleum products are rising which has led to an increase in the prices of daily-use items. Pakistan's citizens are demanding their government to review its pricing mechanism. Instead of having a weekly review, consumers want the government to switch back to the monthly price review. This article shows an imbalance in the price rationing of petroleum.

Not only does this article fit well with the topic of price mechanisms, but it also is a great example of the effects that products can have on an entire economy. Petroleum is not just used to fuel cars, it is used to manufacture all sorts of other products. That aside, every company, one way or another, is affected by the price of petroleum, and when the price goes up, the manufacturers and retailers pass the increase in transportation costs on to the consumer, who indirectly pays for the high price of petroleum.

This article talks about the Oil equilibrium and it relates it to supply, demand, opportunity cost and other external factors that affect the equilibrium. It talks about Europe's demand is "dead" and it points out the fact that they are looking at alternatives than fuel. it talks of how the demand for oil is decreasing as alternate ways are being used to generate heat and power but oil is still vital as a source of fuel. Only 2% of global fuel liquid supply is comprised of biofuels and the rest relies on oil. other factors discussed include geopolitics.

This article shows us a case with externally , tell us about positive and negative externalities of production and gives examples to explain the difference between them. Shows the case when the outcomes are not always beneficial and what must be done to solve those problems.

This article tell us some information about public and private goods, explains the difference between them. It also shows how it's possible to turn public good into private good, and tells the consequence of that process.(using education,schools as an example)

This article is interesting because it concretely gives us why two companies are merging.

Another merger that was going to and is in the process of happening is one between Corona beer and Budweiser. Both brands wanted to merge and this is obviously already in an oligopoly market therefore they would account for nearly 46% of sales. However this has been met with opposition, with appeals from the government.

This article ties in very well with the theme of economic growth because it discusses a variety of the components that determine economic growth, for example job numbers and GDP. It is also worth noting how economists arrive at their ultimate assessment of the nation's economic health, because it truly is quite complex. Also, the stocks and shares portion of the article on the right hand side are also quite telling.

The article is talking about the economy of US right now. The aggregate demand is far lower than potential and government is cutting expenditure rapidly. However, the author thought that's not the right way of doing it. Although the money is short, government is still supposed to take necessary actions to induce recovery.

This article discusses the efforts of Japan to combat deflation and improve economic growth using monetary policy through the Bank of Japan. The country is in a particularly peculiar position because Japan's public debt is twice the size of its economy, therefore rising interest rates could prove to become a potentially out-of-control situation. There is much debate over which policies the country should take to best correct its economic situation, while some are suggesting that the current policies being used may be successful without causing much inflation at all.

This article is a very recent article, published on the 7th of Feb, and is actually written by Peter Coy, one of the people introduced to us in the "Help Wanted" task. this article in short talks about how people are unemployed and argues the incentive for people to work with the increased unemployment benefits. Furthermore it brings up an interesting point of how they experimented and found out that anybody who has been unemployed for over 6months is likely not to find a job.

In March US only created 88,000 jobs, the lowest monthly gain since June. Economists were expecting an increase of 190,000 jobs. However, the unemployment slipped to 7.6%, which is below the expected 7.7%. That decline was not a good news because 7.6% is the result of 500l000 people dropped out of the labor. They still don't have jobs, but they are not considered as unemployed.

This article is interesting due to the fact that it shows how industry affects aggregate supply

This article is about the aggregate supply gain of the US. 

US Airways Group Inc announced that fourth quarter profits more than doubled as revenue costs increases. The carrier with bankrupts improved on time arrivals and baggage handling and this ties up with revenue of the airways. Because according to the service that airways provide people impress them and make them to fly with the same airways all the time just because of kind and on time services and increase revenues f the airways company.

This article talked about eBay increasing their revenue in double digit percentage and brought in 1.8 million$ last quarter. They were able to do so because in the long run they planned ahead and predicted that mobile phones would become a platform for commerce, so eBay used PayPal to make a lead in mobile payment, which gave them more market share. eBay was also experimenting with new app called eBay Now, which allows customers to buy goods from their phones from Macy's Target and Walgreens and have them delivered the same day. So we can see how important it is for a form to plan ahead in the long run: it decides the revenue for the firm in future.

This article talked about how Apple broke the monopoly in computer industry controlled by Microsoft. 14 years ago Justice Department worried that without government intervention, consumer choice would be significantly limited by Microsoft. However, today Apple broke this monopoly and took a big share of market. By using non-price competition and creating innovative product, Apple survived and succeed in computer industry. So we can see there is no such thing as a monopoly in computer industry, the advancement of technology will always give the market to the firm.