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Home/ IB Economics SL LG/ Contents contributed and discussions participated by Patrick vD

Contents contributed and discussions participated by Patrick vD

Patrick vD

India improves ranking in Human Development Index to 126 - 0 views

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    This article shows how developing countries are improving their development.
Patrick vD

Making room for girls - 0 views

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    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.
Patrick vD

East African Trade Bloc approves monetary union - 2 views

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    This article shows how there are regional trade barriers within Africa.
Patrick vD

U.S. exports flatten, but trade outlook more favorable - 0 views

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    This article talks about how the trade deficit is affected by the export and import activity of the US.
Patrick vD

Higher exports soften increase in trade deficit - 0 views

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    This article tells us how the trade deficit increased it's gap due to more goods and services being imported than exported.
Patrick vD

European Central Bank board member says unconcerned by euro rise - 0 views

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    This article tells that the Euopean Central Bank executive board member is not that much concerned with the euro exchange rate in specific, but rather the effects it has on the inflation.
Patrick vD

Rich countries face fiscal policy constraints - 0 views

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    This article discusses the problems facing fiscal policies concerning cutting taxes and increase government spending
Patrick vD

Qatars' economy - 0 views

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    This article shows how much an economy can be influenced by a certain good , in this case oil, and how the export of this good can lead to economic growth.
Patrick vD

Recession threatens Africa charities - 1 views

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    This article describes how the recession, the fall of GDP growth in the business cycle, affects not only the economy of one country, but also external economies will be affected and leads to negative externalities.
Patrick vD

Rattling the supply chains - 0 views

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    This article talk about how the Anti-japanese riots in China attack Japanese suppliers. If you take Japanese cars, people in China will be less likely to buy a Japanese car, because due to the riots, they will be assaulted and destroyed. This will lead to a decrease in the aggregate supply of these cars in China, since suppliers know that people will be less likely to buy these cars during the riots.
Patrick vD

Recovery Is it the aggregate demand? - 0 views

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    This article talks about how the unemployment is affecting the United States and how it is related to a decrease in the aggregate demand of the country. And how this possibly causes the real GDP being 6 percent under the trend path.
Patrick vD

Olympics expected to have boosted UK GDP - 1 views

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    Due to big events like the Olympics, the country receives a lot of overall income due to all the visitors of the such events. It will boost up the GDP since it measures all the assets produced in the economy and due to the event more assets are produced than normally.
Patrick vD

Overuse of farmland - 1 views

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    In this article, the overuse of farmland is described due to the massive world population growth. It explains how the overuse of farmland is caused by different factors such as the food production and the use of biofuel. These two consumers experience a clash since they both need and want the farmland. This will most likely cause a overconsumption of the commons of farmland and result in a market failure.
Patrick vD

Elasticity of cigarettes - 1 views

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    This article explains the elasticity of cigarettes and its demand. It also tells how the government tries to tackle this demerit good by putting taxes on them and thus higher their prices.
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