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Home/ IB Economics SL JG/ Contents contributed and discussions participated by Martina d

Contents contributed and discussions participated by Martina d

Martina d

Japan Economy improving - 0 views

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    The article relates more to monetary policies and demand-side policies but I believe that it can be connected to supply side policies. In fact, the government is spending a lot of money meaning that those money could be invested for supply-side policies. It doesn't say how much money the government will spend, but the increase in government spending could be related to supply side policies and an increase in the supply of products/goods and services.
Martina d

Bank of England keeps interest rates and QE unchanged - 0 views

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    The article talks about the interest rates set by the Bank of England previously and how those interest rates created an economic growth in the UK.
Martina d

EU's Rehn sees Italy bringing budget deficit into line - 0 views

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    This is a very small article, but it summarizes how the Italian budget deficit will be decreased as the EU will help the government. In fact, the EU will work with the Italian government to repay the debts, therefore decreasing the national debts and help the government reach a balanced budget.
Martina d

Bernanke warns Congress it could hurt economic rebound - 0 views

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    The article talks about the USA economic growth in 2013, which is surprisingly improving after 2012. However, Bernanke is expressing that the cut the Congress wants to make (like budget costs cuts) would stop and even decrease the slow economic growth the USA is facing.
Martina d

Teenagers' 'mismatched' job ambitions - 0 views

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    The article talks about the unemployment created not because there are no jobs, but because there are the wrong jobs. Teenagers want to apply for jobs where there are no spaces available, which causes them to be unemployed since they won't take other jobs.
Martina d

Dreamliner: Japan's ANA cancels more Boeing 787 flights - 1 views

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    The article talks about the Boeing 787, which is creating a loss for airlines all over the world. There is less supply for the 787 flights, and people are scared therefore there is also a loss in demand for flights.
Martina d

Property sales see winter lift, HMRC figures show - 0 views

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    There has been an increase in how the amount of houses sold, which created an improvement in the economy of the UK. The increase was created by the increase of supply of mortgage, which increase the possibility for the population to buy a house.
Martina d

Horse meat scandal: Shoppers who buy 'cheapest food' at risk - 0 views

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    This article talks about how people in the UK tried to buy cheap meat, and instead got horse meat. The article is related to aggregate demand as it involves the whole economy of the country: people can't consume as much, therefore they are buy cheap meat online or importing it so that they won't spend as much money. However, the government is preoccupied as there is no control over the meat. This is not only happening in the UK, but also in other countries where the population is not consuming as much due to the lack of money and the economic crisis.
Martina d

Despite warnings on U.S. defense cuts, little action to stop them - 1 views

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    This article is really interesting, since it talks about possible cuts made by the government in the U.S defense. This is macroeconomic activity since there is a government intervention which would cut thousands of jobs and therefore increase the unemployment in the country. This is a kind of macroeconomic activity which involves the USA defense as the firm and the households which are all of the people working for the defense of the country.
Martina d

China media: Corruption focus - 0 views

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    The article talks about corruption in China, and how the government spends the money of the people to buy 4 or 5 houses, and some even to pass driving tests. When I read the article, I thought of the circular flow with three sectors open. The firms get the government expenditure that should go for hospitals and schools, and with the corruption a lot of money are given illegally from the government to the firms.
Martina d

Beijing residents choke in record smog levels - 2 views

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    This article shows how the air in China is getting more polluted every year, and the population has only two choice: stay home or go around with a mask, hoping not to have any breathing problems. This connects with tragedy of the commons, since air is a common and people pollute it by using cars without thinking about the consequences. China is so populated, that the large use of cars is highly polluting the streets. In addition, there are industries that pollute and nothing is being done because air is a common.
Martina d

Firefighters battle blaze at North Berwick fire station - 1 views

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    This article talks about the fire in a fire station in Scotland. The roof collapsed and there was a lot of smoke. The fire fighter are working to stop the fire that keeps on going on. This article is an example of negative externality since not only the place got destroyed, but the train station had to be closed since it was close by. Therefore, there is going to be problems with trains, and people won't be able to travel (less demand for trains, less profit for the society). In addition, the smoke is very bad for the environment, causing a negative externality for the environment that will be more polluted and people have to stay at home, therefore there is a loss of profit for the population, which won't be able to go to work.
Martina d

Could derelict airport be Greece's economic savior? - CNN.com - 1 views

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    The government of Greece decided to put an old airport (twice as big as Central Park) for sale for 6 billion euros. In this way, the government would sell this old area to a private owner, therefore creating 9,000 jobs for Greece and helping the government and the country. We can say that this is price control, since the Greek government gave the price for the area, and is trying to stabilize/help the economy by creating a price for this area that could be used to help greatly Greece. In fact, not only jobs would be given but tourism would increase greatly (as well as the Greek income).
Martina d

More than one in 10 high street shops left empty - 0 views

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    This article talks about the crisis in the UK, and how the stores keep on closing and will keep on closing if the government doesn't freeze rates by 2013. Therefore, this article is not about something that the government has done (putting taxes) but something it needs to do to help the market in the UK.
Martina d

Donations To Charity Fall 20% In The UK - 0 views

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    These article talks about how people spend less of their income for charity. This could be income elasticity, since people would spend their income or something they would find more necessary (such as food for their families or just buy necessary things for their own good). Therefore, there is no more demand for charities and people do not offer their money to charities anymore.
Martina d

Microsoft's Profit Falls 22% - 0 views

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    The profit of the Microsoft decreased as people started buying more smart phones and tablets. This is related to elasticity as people will buy more tablets since they are cheaper than PCs. Therefore, the demand of the PCs and Microsoft is elastic since it is not a necessity and people are buying substitute products
Martina d

A Top Satellite Provider Cuts Off Iran State Broadcaster - 0 views

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    Europe cut the channels that were made in Iran, therefore all of the people that were connected to the Eutelsat Communications won't be able to view channels made by the IRIB. The consequence of this will be an excess in demand, since all of the Iranian people that lived in Europe will demand channels broadcasted in Iran but there is not going to be supply for it. In addition to this, there is going to be less demand for the European satellite since the Iranians will search for other company that broadcast Iranian channels.
Martina d

Downtowns enjoying robust population growth - 0 views

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    A large number of people in the USA are moving downtown, therefore there is an increase of demand for the cities downtown. Moreover, with the increase of demand for houses, there is an increase of demand of transportation, shops and other shops and services that are useful for the people that live downtown.
Martina d

Apple shares close at new high on iPhone 5 pre-orders - 0 views

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    This article is about the new iPhone 5 and how a large number of people are doing a pre-order. This article puts together rational behavior and what people choose to buy with their money, therefore a choice of products. I think this article is interesting, as it is a clear example of rational behavior in Economics and how Apple did a good job in predicting what people want to buy and are interested in.
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