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This article disclose a description of the situation about education in Asia. There are a lot of kids who want to get an English-language education in countries like USA or UK, but they would like to stay closer to their families, because not everybody can easily leave home and go to foreign country alone. Because of the high demand for schools that give international-level-education in English, there are more and more schools like that. But still I think supply of that type of education and schools is miserable, and that might be one of the reasons why the prices are so high. For example, in Kazakhstan we have a British school - Haileybury. It has an IB program as well as Riverstone International School does, the one that I go to. But! Riverstone is situated in Idaho, USA, and charges about $15,000 for one year of High School. Haileybury - aroung $32,000. The reason why I mentioned the location of Riverstone is because of the huge difference between being in US and Kazakhstan. Staying here in America helps to study English and understand cultural difference, being back in Kazakhstan, helps to stick to your family, but one will never fully undestand that international tone and go beyond certain level of English. Plus the prices are very different even if we would add tickets, insurance, etc, to go to America is even cheaper and has more benefits and positive sides. So in the conclusion, I just want to say that these type of schools is demanded by a lot of Asian (and not only Asian) students, but can be afforded only by affluent middle classes. Thus I hope there would be more supply of that type of schools, which led to competition between schools and cheaper prices (or our education system will change and we will have one standard system everywhere).

President Obama announced new steps to help unemployed Americans on Friday, targeting people who are out of work and want to go back to school. The president outlined a plan under which the Department of Education will send colleges legal guidance, encouraging them to increase financial aid packages for the unemployed so they can enroll in educational and training programs while keeping their unemployment benefits.

It is an article about supply side policies in Africa specially investing in human capital in order to increase the potential output of the African countries. We know that education creates positive externalities and the benefits of education and training are not just felt by those who receive education, it will help the economy as a whole because it will increase the potential output of the economy. Greater regional integration and investment in social entrepreneurship and industry are also necessary for inclusive growth. Competition hast the effect of encouraging greater efficiency. Therefore, any policies that increase competition will increase efficiency and improve the productive potential of an economy. After reading this article I research a bit about the economic growth in Africa and I found this: Six of the world's ten fastest growing economies of the past decade are in sub-Saharan Africa. A clutch of countries have enjoyed growth in income per person of more than 5% a year since 2007.

This article talks about the relationship between the success of a country at the olympics and its Human Development Index. The countries that had a higher HDI won more medals than countries with low Human Development Index. Nevertheless, Ethiopia hasn't followed the trend. With HDI equal to 0.33, Ethiopia came 29th in the end of the games. It is not surprising that there is a relationship between HDI and number of medals. In developing countries sports are often not as popular as in developed countries. In the US students are encouraged to develop both educational and extra-curricular skills. While on the other hand, in lots of developing countries education is the only aspect that values.

The United States remains desperate for faster growth and stronger job creation as it continues its slow recovery from the 2009 recession. Peter Blair Henry, the dean of NYU's Leonard N. Stern School of Business states private investment is falling $1 trillion short per year due a to disputes over the "fiscal cliff," the federal borrowing limit and other issues." Monetary policy and fiscal policy are working at "cross purposes" - one is expanding while the other contracts." Governments should save money during times of economic prosperity and spend it to boost the economy when growth decreases. Lawmakers should prioritize predictability in policymaking to trigger private investment and government investments, particularly in education, should be off-limits to cuts. Henry points out that a solution to closing the wage gap is to produce more skilled workers. Raising taxes on the highest tax bracket may also be part of the solution to overall sustainability concerning the fiscal side, but not a solution for income inequality.

Article basically discusses whether unemployment or inflation is worse. The overall message i get is that unmeployment is worse for many more reasons that inflation. one of them would be that if parents have no money to spend on the colleges of their children then they wont get a very good education, and as those children are the future of their economy then the work force would be lower than usual which has no upside to it. Where as inflation has positive sides like housing prices raise, debt becomes more manageable, wages increase etc, so since unemployment has no upside it would be more economical to prevent unemployment than prevent inflation.

President Obama visited the University of Michigan and outlined a new plan aimed at limiting tuition increases at U.S. universities.A key reason for high rates of tuition increase, is simply that the supply of freshman slots hasn't kept up with demand and such shortages lead to price increases.Top universities should focus on increasing the number of students they admit and all who care about expanding opportunities should pressure boards and presidents to spend some of the money on opening up more spots in the classes.

I thought this article was relatable since we are all students and looking at internships in the future is something many of us will have to go through. In this article, it explains that sometimes students are reluctant to take up unpaid internships. This is because even though it would be very good for work experience some can not afford to not get paid. Being a student is expensive: having to pay for their education, a place to live and everyday essentials. I thought this was a very good example of opportunity costs, either gain the work experience but have to cut down on living costs because you are not getting paid or find a paying job but that might not best suited for your interests. Another issue they mentioned was that if all interns were obligated to be paid that many companies would cut back or completely get rid of their internship programmes. So this was another example of opportunity cost, either have fewer internship programmes and positions and, if you are lucky to get the job, get paid or, continue to have many unpaid internship positions.

The increase demand for iPhone 5 causes the Apple shares to close at almost $700. The firm receives two million pre-orders. Most iPhones will be delivered to stores later this week, but some orders may be delayed. An estimate of up to 50-60 million iPhones could be sold by the end of the year. However, the soaring demand causes concerns for the firm, as they may not be enough products to meet the consumers' demands. This could potentially delay the delivery of the products. I chose this article, because I think it relates a lot to the idea of scarcity. Though it may not be the biggest concern that could affect people's lives tremendously (not as much of a concern as problems like shortage of food or water), but it tells us that mass resources can become scarce very easily as a result of high demand for it. This can easily connect to the fundamental concept of economics. That is supply and demand. As a result of high demand for the products, the quantity that can be supplied by the market may not satisfy the consumers' demand. This is also an example of human 'wants.' Most people don't need an iPhone, but because of their 'wants,' they want to get one for themselves. You can see that human wants are infinite and that resources are finite that will eventually become scarce. This could potentially add value to the iPhone 5 if the products become scarce. Bibliography "Economics Basics: Supply and Demand." Investopedia - Educating the World about Finance. N.p., n.d. Web. 18 Sept. 2012. .

I have chosen this article because I think the situation it reports is a bit ironic. Russia's Foreign Ministry is criticizing the human rights situation in Europe without presenting any facts, while in the human development ranking; they occupy the 55th position in the world, behind every EU country except for Romania (56th) and Bulgaria (57th). The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. I disagree with the opinion expressed by the article because since the establishment of UE there has been made a huge step towards the increase of equality in the member countries. For example, the highest scores in gender equality are achieved by European countries like Finland or Iceland.

NEW YORK-According to a new report published Friday by the United Nations Development Programme, Raider Nation has for the fifth straight year held the lowest position in the Human Development Index rankings. Taking into account such factors as health, education, and poverty, the report stated that the Human Development Index value of Raider Nation is 0.302, far below the global average and indeed at the very bottom of the 187 territories surveyed by the international organization.

This article talks about how developing countries are making progress in improving girls' education. This could be one factor of the development of the economy in these countries.

The fall of imports have reduced Lebanon's balance of payments deficit from $1,932.1 millions US dollars to $675.2 US dollars. Movement of imports and exports are the most significant variable affecting the balance of payments. The slowdown of Lebanon's economic activity results in lower imports and therefore lowering the deficits in the balance of payments. Imports to Lebanon is usually higher than its exports, but this had changed in 2013. Lebanon's exports of banking, educational and health services have increased. Deposit inflows had increased by 11 percent compared to last year. This article clearly relates to the Balance of Payments. Here, Lebanon's movement of goods in and out of its country pay a major role in determining the Balance of Payments. Obviously, these imports and exports are a part of the current account, which includes the balance of trade in goods (visible trade balance) and balance of trade in services (invisible balance). Lebanon sees an increase in services, which means that there could be an improve balance of trade in services.