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This article describes how a hotel manager is changing the plan to achieve a higher total revenue, as the hotel no longer offers what is demanded the most. Competitors may have these facilites that are demanded, and one could make a graph on the cross elasticity of demand with this hotel and a competitor if one had the right numbers.

The article talks about how the company experiences extreme losses in revenue as they supplied a smaller quantity of flights. This can be related to elasticity of supply since as supply decreased, revenue did too.

The strong dollar and increasing competition present a barrier for McDonald's effort to increase its profit. McDonald's used to have inelastic demand, since it did not have much competition and changes in price would not affect total revenue. If they wanted to increase total revenue, they just raised the prices. However, nowadays, as competition takes place, their demand is becoming more and more elastic, because of the more substitutes offered by competition.

This article is a good example of how tax can be imposed for a reason. In this case the reason is to boost revenue of the government. Though, it is debated by the people in L.A, since this is a tax made for consumers to pay so that the market can thrive but on the same time provide the government with money in their time of crisis.

In this article it is about "how the excise tax on gasoline and diesel fuel has been the main source of funds for building and maintaining the nation's roadways. It has paid for most of the four million road miles currently in service" By imposing taxes, governments obtain certain tax revenue which is used for supporting national infrastructure (roads), public services and subsidies for other things. But gas tax is not sufficient anymore. So, there are myriad discussions across political fields how to alter current tax policy. There are several options: taxing the miles (the question is how to tax the miles) toll roads (but they would hardly replace the gasoline tax), adjusting tax to inflation, taxing oil instead of gasoline or taxing cars. It seems resolving this issue is a hard nut to crack for the U.S. government.

The article talks about the economic growth in the UK. It says that the economic growth increased because of the Olympics. It is a huge events and a lot of tourists came to the UK. There was an increase in revenue of hotels and restaurants.

Who doesn't love the Olympic Games?! So this article discusses how the Olympic games helped the UK regain economic growth. "The UK economy emerged from recession in the three months from July to September, helped by the Olympic Games. The economy grew by 1.0%, according to official gross domestic product figures (GDP), which measure the value of everything produced in the country." Due to the Olympic Games the UK had a lot of tourists come in from all around the world, therefore, creating more profit for the hotels, restaurants and touristic attractions.

This article is long but to sum it all up, it discusses "The idea: Reduce taxes, especially for the wealthy and corporations, and America's entrepreneurial fortunes will soar. The economy, unleashed from the drag of excess taxes, will grow. Government deficits will shrink."

The U.S. is working on fixing it's fiscal policy. Congress is workig for "a stopgap spending measure to keep the government running for the last six months of this fiscal year". The U.S. is cutting it's spending and creating a budget to lower the gap in the debt that the U.S. is in. In the month of February, the spending was down by 3% from the year before as well. The government also had a temporary tax cut that brought in more revenue for them as well.

As the article states: "The world's largest economies took a step toward common global guidelines for exchange-rate policies with a pledge Saturday to refrain from targeting their currency policies to gain a competitive trading advantage." This is well-involved in this week's topic, which is aggregate demand. Particularly, this article refers to its component, net exports (export revenue minus import expenditure, or simply X-M) and then its subsidiary component, changes in exchange rates. If a country's exchange rate becomes stronger, then this makes the country's exports more expensive to foreigners and vice versa. Manipulating with exchange rates can bring a certain country substantial trading advantage and this is what G-20 wants to overcome and allow free-trade market as it should be.

Quarrying and aggregate supply firm Breedon believes profits will "significantly exceed expectations" after margins continued to improve in the final few weeks of last year. The company, which has its Scottish headquarters at Ethiebeaton in Angus, said market forecasts for the year look set to be significantly surpassed during a finish which escaped the disruptive influence of winter weather. We don't often think about how macro- and micro-economics can come together, but, for big companies, one is no more important than the other. Not only do you have to think about the margins and competition of your own market, but how your market is doing in general. It doesn't matter if your beating the other guys with a better price and more demand if that price is barely enough to cover what your supplying. On the flipside, your countries economy could be doing great and your factors of production most favorable but, if everyone's getting more benefit from those advantages than you are, it's only a matter of time before get too far a head. This article is a perfect example of where a European company has become enthusiastic about future profit predictions based not only on competition and margin but just on the welfare of the whole country in general

The Russian Economy is facing a decrease in economic growth, largely in part due to its inflation, and dependence on oil production (which accounted for 50% of revenue last year). In the future, with oil reserves depleted, the oil production will not be able to produce as much, and aggregate supply will be down. This poses a problem for Russia as the supply curve will shift left.

Gas being an inelastic product, has a small change in demand if the price is increased. It was a good time to increase the price of oil because "The improvement in the nation's economic health has increased demand for oil" so there would be an increase in revenue if the price was increased.

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.