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Home/ IB Economics SL JG/ Contents contributed and discussions participated by Nikolai n

Contents contributed and discussions participated by Nikolai n

Nikolai n

A different article - 1 views

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    This article is different than many others that are being bookmarked. It shows, through data, how supply-side policies aren't always effective.It is an interesting read, giving a new perspective to the readers perception of the policy.
Nikolai n

Monetary regulations in the UK - 0 views

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    This brief article describes how the bank of England recently have decided through their Monetary Policy Committee to focus more on growth, after focusing heavily on inflation in the past years. Trade-offs are hopefully increasing growth whilst also maintaining the 2% inflation target.
Nikolai n

Easy fed softens fiscal policy punch on economy - 0 views

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    This article discusses the failed prediction from most economist regarding the future of governmental cuts and taxes. The eading is mst interesting, as you get insight to the reasoning behind the prediction, and also the reason why they failed, which is becase the Federal Reserve's unexpected numbers and interest rates.
Nikolai n

Economic growth in Africa - 0 views

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    This very brief CNN article informs that the general economic growth of Africa as a whole is expected to rise with approximately 6-7% in the future. Following the third world countries and their economies isn't the same as following wealthy countries and their respective economies, as the negative factors aren't considered as much in third world country as their level of development in the economy can't really be compared to i.e. Germany. The growth is vital, and highly benefits.
Nikolai n

Inflation of 89.7 sextillion per cent! - 2 views

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    This article talks about ZImbabwe, and the hyperinflation they are experiencing at the moment. The inflation has gone so far that the government currently is owner of an amount of Zimbabwe's currency equal to 217 dollars. The economy in Zimbabwe hit rock bottom around a decade ago, after longtime President Robert Mugabe seized white-owned farms, which prompted international sanctions, damaged investor confidence, damaged tourism, and caused other economic problems.
Nikolai n

US Business cycle - problems? - 0 views

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    This article suggests that the lack of recovery from the recession might lead to weakness in the American business cycle. The potential is not present as it was before the recession, and that is what concerns the author of this article. It will be very interesting to follow the course of the American business cycle (economic growth), and if this article is right, it opens for even bigger Chinese dominance in the economic world.
Nikolai n

Dutch Export - 0 views

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    This small article describes the export activities of the Netherlands recently. It gives an accurate impression of the situation, as there are defined values used, real life values. By that, the article provides an interesting insight to macroeconomic activities, from real life, between firms and consumer, all dealt with by the government.
Nikolai n

Obama and his cuts - 0 views

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    This article debates the spending of President Obama, and whether it should be cut or not. As of now, there is a $85 million cut being made, and there is debates going on about whether these cuts should be more significant.
Nikolai n

BP and their Tragedy. Common? - 0 views

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    This article discusses and reflects upon how the great BP oil spill in the Mexican Gulf relates to a typical tragedy of the commons situation. The writer states that the spill was due to overexploitation, which is quite an interesting and vital perspective when discussing the oil spill and its causes.
Nikolai n

Oil spill causes global warming and negative externalities - 1 views

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    This article describes negative externalities in the oil business. This is a global problem and definitely one of the most debated topics in environmental contexts. 'The climate changes are harming the earth, a lot of it is claimed to be caused by burning of fossil fuels. The Gulf of Mexico oil spill is a great example of the creation of a negative externality. The goal of getting more oil to fuel our lifestyle and make a profit for BP trumped any recognition of the massive economic and environmental damage that flowed from their blown out well. Is the cost of this mess going to turn up in the price of gasoline in the US? Probably not. Will it turn up in our tax bills? Probably yes.'
Nikolai n

348 vital drugs to come under price control - 0 views

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    This article gives a short briefing on how the Indian government are imposing price controls on a huge number of drugs in India. The new cabinet was forced by the Group of Ministers, and was also requested by the Indian Supreme Court, so it is obvious that this was necessary and quite urgent, as the court gave two weeks to fix the cause.
Nikolai n

Excise Tax Remains for Medical Device Makers - 1 views

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    This article describes the new tax on various medical wares such as replacement hips and defibrillators. The new excise tax is within the US, and the prediction is that it will raise $20 billion by 2019. The tax will affect smaller companies the most, and as much as 10% of small companies earnings per share may be paid in tax.
Nikolai n

Hotel stepping up their game - 0 views

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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.
Nikolai n

The End of Elastic Oil - 1 views

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    This article describes how oil has become less elastic through the past years. It also discusses the balance between the scarcity of oil and the demand being supplied and the quantity demand. Oil is still in the ground, and it has been supplied frequently the past ten years, but there is some economical decisions to make to set the standard for the future of oil.
Nikolai n

BBC News - Energy bills, and loose change - 1 views

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    This article presents the increases in gas prices that are upsetting consumers all over the world. There is an "unconventional gas" boom going on ,which is affecting the market and supplies for gas in the States. The issues are global, though, and conserns politicians if this rise in price keeps up.
Nikolai n

Sony decreases its profit after miscalculating market demand - 2 views

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    This article describes Sony, and its struggle to maintain their forecasted profits this year as their new releasings didn't live up to their expectations. The demand for their new products was miscalculated, and their profits decreased as a result of that. A 36 per cent decrease of profit was the result, and this article describes the results of miscalcuating demand in detail with real life results.
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