Group items tagged

The return of the haze to Singapore has brought the predictable round of complaints, analysis, hand-wringing, and soul-searching, but the problem never seems to improve. To establish a basis for actionable intervention, it is critical to link policy solutions with evidence about the health impacts of the haze-on residents of Indonesia.

Raise in market price of soda in Chicago is discussed. Will it result in an increase in revenue and reduction in consumption? The PED suggests so. A similar policy was introduced in Mexico, and the soda there had a PED of 0,6, making it inelastic. Will the same happen in Chicago? Demand, elasticity and the PED are discussed in this article.

How exactly has this affected the elasticity? You should elaborate on price and its relation to demand and the PED. I agree that the raise in price would increase revenue and reduce consumption. However you contradict your previous point by stating that soda will become inelastic. I don't agree with you because soda is not a necessity and it is not healthy so if there is a raise in price and PED which will cause demand to decrease meaning it is elastic.

Americans are having shorter lives than most other developed countrys, this shows a slow negative downfall of American health. The US report identifies obesity and the lack of health insurance for some 47 million Americans as the most significant factors in premature death. This shows negative development in health and HDI.

The Nigerian government must diversify the economy if the country is to survive falling global oil prices, said World Bank VP and Treasurer, Arunma Otteh. She said that Nigeria ranks 152 out of 188 in the HDI, and ranks below the average for sub-saharan Africa. Life expectancy in Nigeria is 53 years, 8 years lower than Ghana and 21 years lower than Brazil. Nigeria also ranked 136 out of 168 most corrupt countries in Transparency International's 2015 report. This affects the flow of FDI to the country. Nigeria's rapid GDP growth over the past decade hasn't translated to strong human development or competitiveness. Nigeria can no longer only depend on oil, which not sells for as low as $26/barrel which accounts for 95% of the country's foreign exchange.

This article highlights how the GDP is not the only factor in measuring the development of a nation, but how corruption and business confidence can play a role. This is seen by the decreasing oil prices, which has affected the Nigerian economy greatly.

Many things are affecting what the outcome of Niger's latest election will be. An issue of concern for the country is that they are ranked lasted bu the UN in human development. Despite producing uranium and oil, Niger has the lowest HDI and the highest fertility rates. President Issoufou has used planning to address this issue to help his campaign. Niger's elections are being affected by the HDI because the other issues that the country has comes from their HDI being so low

This article describes how the United Nations are working with gender equality to achieve greater economic development, and economic growth in this case. The UN is drawing concrete links between women empowerment and greater economic development, illustrating how an androcentric mindset is causing an inefficient allocation of resources.

This article describes that United Nations Secretary-General Ban Ki-moon is stressing the importance of human and economic development in addressing peace and security challenges in Africa's Great Lakes region, calling for the use of natural resources there as a powerful driver of growth.

Ontario, Canada has just introduced a large investment to help indigenous communities develop. The program is aimed at improving education opportunities, supporting local businesses, and promoting local tourism and events. In all, this is aimed at improving the HDI of indigenous communities and of Canada as a whole.

(India, China and Brazil...) MELBOURNE: Emerging economies like India, China and Brazil are no longer "policy takers" but are significantly influencing the pattern and scope of international trade, according to WTO Director General Pascal Lamy. "These emerging powers -- China, India, Brazil, Mexico, Indonesia, Malaysia, South Africa -- and many others are no longer policy takers.

The global oil equilibrium has become extremely fragile and the price of oil has been rising without stopping. Which has been causing the supply to increase but the demand to decrease significantly. Throwing it off its equilibrium

This article is really interesting because oil is so important to us in so many ways. As with the example of the couple in Iowa, everything from transportation to feeding animals is affected by the changes in price. The smallest increase in price could cause a shift in equilibrium and could leave hundreds, if not thousands, of people facing shortages.

The above article is about the price mechanism and how it is used to price oil. It talks about how the price is allocated depending on other companies as well as demand, which is why i think that this article is very appropriate as a real life example of what I am studying on this chapter.

This article relates to the Topic of Opportunity Cost that I have been studying because it talks about how the opportunity cost affects the economic choices that we make in our daily lives. It also talks about how although we are aware of the direct costs in life, we don't actually think about all the things that we have to give up when buying something else. We are aware of our finance, and realize the direct cost of our actions, but we don't see the unseen costs, such as the opportunity cost.

I have found this article suprisingly amusing as I am a chocolate lover. The article talks about the fact that the world demand for chocolate is outgrowing the cocoa beans available. Therefore the prices are rising dramatically, especially in Asia. The author assumes that by 2020 the prices will be extremely high, because the demand is becoming unsustainable. I believe that this is a great article to illustrate what I have learnt in the past chapter because it illustrates a real world situation where the price rises with the supply.

This article mainly focuses on the 'beauty' of free markets. It also talks about the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, and other factors that have an influence over free market systems.

This article speaks about the Supper Bowl and how it is inelastic. Because the quantity demanded for seats is inelastic, they decided to increase the price to gain more revenue. This is strange because this seems to be a luxury item more than a necessity, but I guess some see it as a necessity.

this article talks about how NfL owners price there tickets inelasticity so they put their tickets cheaply so they can fill up the stadium. Owners know that they will take a hit in ticket revenue but make up the difference with complimentary goods that are sold in the stadium.

It's interesting how the teams take advantage of elasticity. As Ricardo said, the owners expect to make a loss on the seats with lower prices, but also expect to make it up with the purchase of complimentary goods. Because of elasticity, the decrease in the price of seat leads to higher demand and the stadium is filled up. As a result, revenue for complimentary goods also increases, leading to more revenue overall.

In this article they take about how it impacts how people travel when prices of gas rise. Oil is very important because it operates cars and other useful technology we have. Without oil there will not be no electricity.

Reliance Industries Ltd. (RIL) and state-run Oil & Natural Gas Corp. (ONGC), India's biggest natural gas producers, plunged in Mumbai after India's cabinet deferred a move to increase natural gas prices by three months. Reliance dropped 3.7 percent to 1,011.90 rupees, the biggest decline since Sept.

A trend is shown where global interest rates gone "relentlessly downward over the past few decades". The rich are getting richer, leaving the rest of the group with less wealth. In addition to that, the rich have a "lower propensity to consumer", this has caused the aggregate demand to fall. It has been noticed that central bank rates have also "trended progressively lower". A conclusion has been made in the article that "as long as wealth and income inequality continue to widen, there will be a savings surplus."