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Home/ IB Economics SL LG/ Contents contributed and discussions participated by Tran H

Contents contributed and discussions participated by Tran H

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Japan Keeps Monetary Policy Steady - 1 views

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    The article talks about Japan's monetary problem in bond markets, which has threatened to undermine the country's battle to end deflation and stimulate growth in the giant economy. This causes the banks to expand the monetary base. However, Japan is still in debt and now it has more money struggles. Governor Haruhiko Kuroda is looking for a way to combat falling price and he declares that he will even double Japan's monetary base. But again, the debts of Japan is "twice as much as the size of the country", thus Japan is vulnerable to rising borrowing costs. Fortunately, the government uses pushing government spending, boosting asset prices by raising asset price inflation expectation, and increasing the country's GDP as solutions; and they do work.
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Job Openings Rise, but Unemployment Stays High - 0 views

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    Like the name of the article, the author talks about the problem after the recession: unemployment rate is high still, when job vacancies are more. This is quite a confusing and unexpected situation. It doesn't make any sense when there are many opening job opportunities, there should be less jobless people. Even though the reason which causes this issue is not clear, the author hypothesis is that there are probably some mismatching skill for the job, or we can call it structural unemployment; or it must be the firms are afraid of making hiring mistakes since the economic conditions is still uncertain.
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The danger of profligacy - 0 views

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    In the article, the author discusses about US government fiscal policy, which has been carrying might be very dangerous because it would cause inflation increasing, even though it did make the unemployment rate fall. The author also talks about Paul Ryan and Irwin arguments. However, if we had runaway inflation, we'd have political pressure in the opposite direction and overcorrection and deflation should be some things that bother governors as well.
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Tragedy of the commons - 0 views

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    This is a good article talking about the tragedy of commons in both rural and urban areas, where mostly, the tragedy tends to happen in cities. For the instance, usually they are: traffic jams, and green hose gases.The author also states some possible solutions for those problems.
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Externalities of the Gulf Oil Spill - 1 views

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    This article basically analyzes the positive and negative externalities of the Gulf Oil Spill. It explains pretty clearly the externality concept and brings up some points which are the loss of the production and the gain for the third party as well. Also, the writer states the reason why the spill happened.
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Price control on Drugs- Failure - 1 views

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    This is an article which states the drug is now under the price control of the government. But according to it, there would be non-price control for medicine/drug options as well. It also says that the task force will serve as a framework for the new drug pricing policy. Since the government thinks that price controlling system doesn't really work for this kind of product, the drug makes are really looking forward to the new pricing policy.
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Petrol Price Mechanism - 0 views

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    According to this articles, which indicates pretty clearly what is Price mechanism. The author shows the facts of petrol price: How it relates to economics and has the influence by the systems; and also shows why petroleum differ from other products.
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Elasticity - 0 views

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    This article indicates how economists measure demand and supply changes in prices or income. It also points out two extreme cases where the price will get the extreme values. They are Perfectly price elastic and Perfectly price inelastic. I think these are pretty interesting informations that we can go further in order to understand more about economics and its systems.
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U.S. gas prices down 11 cents over past three weeks - 0 views

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    This article indicates the US gas price has been going down. Through reading it, we can see that the demand has decreased and supply has increased. The reason I can give to explain this is because customer incomes went down, more people ride buses to their workplace or go there on foot, fewer people drive car than before. Therefore, the price of gas need to decrease and the quantity needed to be supplied more.
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