Skip to main content

Home/ IB Economics SL JG/ Group items tagged power

Rss Feed Group items tagged

Liselotte r

Power Hungry Russian Economy Fuels Demand for Gensets, Finds Frost & Sullivan Read mor... - 0 views

  •  
    This article demonstrates demand well, simply because it shows how the demand for a certain product is growing and companies in Russia are racing to have the better product on the market. "Cost, reliability, service contracts, after-sales support, and customer relationships will be key competitive factors," concluded Tohani.
Cameron l

Spiralling Tariffs: Electric Shock for Domestic Consumers - 0 views

  •  
    This article talks about how tariffs on power have been raised by up to 30% in Pakistan. It talks about how different consumers will be affected depending on the amount of electricity they use.
Jan d

End of gas rationing signals progress in New York City's Sandy recovery - 0 views

  •  
    After Sandy hurricane devastated the Eastern Coast of the United States, gas became scarce. Due to this, authorities introduced so called odd-even gas rationing which limited the consumption the same as when governments introduce price ceilings and shift the demand curve to the last. With few major differences. Too many people needed fuel to power generators. Government gave subsidy to oil importers, so price slumped a bit (not significant) - so this was the maximum price. Simultaneously, also the demand grew bigger and there were only a few gas stations operating and those who were operating experienced inevitable chaos. So authorities shift the demand curve to the left until equilibrium is reached at maximum price to limit the consumption, so that queues were manageable. This rationing ends tomorrow as recovery is completed.
Jan d

U.S. Defense Cuts Lead to First Drop in Global Arms Spending in 15 Years - 0 views

  •  
    Fiscal policy is the set of policies relating to government's spending and taxation rates. Military spending is a part of government spending and is closely related to domestic industries, particularly in the U.S. The U.S. government is lowering the military budget, therefore decreasing aggregate demand both through government spending and through implications to other industries interwoven with military. So this is deflationary fiscal policy, which is reducing U.S. military power on a global scale.
Cameron l

Power Shortages by 2015 - 0 views

  •  
    This article is about how energy regulator Ofgem warns about how there will be energy shortages by 2015 unless the market can be reformed to reach an equilibrium.
Stephen b

E-cigarettes appeal to those who want to kick the habit - 0 views

  •  
    For the past century or so, cigarettes have been an inelastic product. Due to their addictive properties, changes in the price have had a minimal effect on market demand, allowing tobacco companies to rake in boat loads of cash. In the early 1900s, big tobacco hit its peak in sales with the ability to advertise in color and through whole new mediums (newspaper, radio, TV, etc.) It was at this time that the American public and many other nations, although I don't which, started to recognize the dangers of smoking and the government begin creating restrictions. Though cigarrettes now have prices that fluctuate like gas, can't have ads on radio or television, and can't be sold to minors, consumer demand has still remained for them because of how powerful the addictive effects of nicotine are on the human brain. However, now there is an alternative to conventional smoking which replaces deadly secondhand smoke with clean water vapor. E-cigarettes are a trend that is sure to build demand and will cigarettes and cigars as elastic as a rubber band.
Sebastian a

Japan's exports seen rising at fastest in three years as demand recovers. - 0 views

  •  
    Japan's exports have been rising at an extremely fast rate for the last 3 years although the trade balance seems to remain mired with the Japanese imports expected to increase due to the shuttering of its nuclear power industry.
Jan d

Venezuela becomes Mercosur member - 0 views

  •  
    Venezuela has joined Mercosur, six years after first applying to join the South American trading bloc. This article showcases features of economic integration, in this case customs union, which is a free trade area where members establish a common tariff and agree to other trade policies with non-member countries. Well, this article is particularly valuable also because it gives you that well-known sense of economic reality as a genuinely different economic world than that described in the economic theory. Countries cluster together for a mutual advantage, however, as opposed to comparative advantage concept and other highly cherished theoretical reasons, it always comes down to natural resources as vital sources of geopolitical influence, for instance oil, which is abundant in Venezuela. This can reasonably be inferred from the following quote: "Brazil said Mercosur was "also positioning itself as a global energy power in renewable and non-renewable resources". In the end, the disadvantages of economic integration are given, highlighting the fact that in economics there are perpetual advantages as well as disadvantages (influx of cheap agricultural products, little influence in decision-making processes). But then again, the disadvantages have to be explained within advantages in order to grasp the holistic situation (e.g. influx of cheap agricultural products forces Venezuelan farmers to cut down on their costs and improve on efficiency).
Tasa G

Foreign Exchange Controls: Good or Bad for South Africa - 0 views

  •  
    The article was initiated by a series of event regarding a man, Mark Shuttleworth that transferred money to the South African Reserve Bank. Through powers granted under exchange controls legislation, the South African Reserve Bank imposed a levy of 10% to the money deposed. A big scandal started around the court cases which brought up several good points for the economy of South Africa. It was stated that controlling currency flows gives smaller economies more stability as well as independence. The free flow of capital would also cause account deterioration, inflation and currency devaluation. It was also mentioned that large institutions in South Africa (like its reserve bank) are not interested in red tape or levies, but some how imposed on on Shuttleworth. In addition, they stated that free trade comes as a cost that comes in a form of lost tax revenues and a loss of jobs in South Africa.
1 - 9 of 9
Showing 20 items per page