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Katie Miyoshi

allAfrica.com: Zambia: Govt Unveils Maize Floor Price - 5 views

allafrica.com/...201205310383.html

shared by Katie Miyoshi on 31 May 12 - No Cached
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      A minimum price has been set for maize at 1,300,000 Zambia kwacha ($244.40 US dollars) for 1,000 kg.  A micro: minimum diagram can be made.
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      Maize is a good, which has many complimentary goods, because it is a staple food in many recipes.  This can be shown in a cross price elasticity diagram.
    • Kat Whatley
      Kat Whatley on 01 Jun 12
       
      It is also a substitute good. Though carbs of some kind are a necessity, people could by wheat or rice or millet instead. You could consider looking at prices of substitute goods.
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      There is high demand for maize, so this good is inelastic and therefore it is smart to place a floor price on this good, since price will increase with little change to the demand.
    • Kat Whatley
      Kat Whatley on 01 Jun 12
       
      This is also a subsidy. You could draw a subsidy micoeconomics graph for this.
  • ...4 more annotations...
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      By setting a price floor, maize prices will increase so that the good is more valued and this will lead to less wasting and more available supply in the long-run.
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      Government is investing in infrastructure to reduce the maize thefts and this is an example of supply-side policy.  A diagram can be made here.
    • Kat Whatley
      Kat Whatley on 01 Jun 12
       
      This will also lower prices and may stop the rise of maize costs as less wastage will occur.
    • Katie Miyoshi
      Katie Miyoshi on 31 May 12
       
      Perhaps, increasing the maize prices will make up for the loss in revenue from the stolen maize.
    • Katie Miyoshi
      Katie Miyoshi on 06 Jun 12
       
      This is my ECON IA for MICRO
Shoko Kuroda

BBC News - Factory output in Japan weaker than expected in April - 4 views

www.bbc.co.uk/...business-18275584

shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Demand, indicates that this article is on micro economics, relating to supply and demand
  • output
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Output is another word for supply and this can be referenced to micro economics, which is about supply and demand. 
  • ...10 more annotations...
  • China's slowdown and a rising yen for the expected fall.
  • As Japan continues to recover from a devastating earthquake and tsunami last year, the ministry said industrial production continued to improve.
  • Industries that contributed to the slight rise in output included transport, chemicals and electrical machinery.
  • "More crucial is final demand in China,
    • Erica Nozawa
      Erica Nozawa on 31 May 12
       
      I could draw a demand - supply diagram from this, indicating the declining demand for cars, consequently leading to a drop in supply. 
    • Erica Nozawa
      Erica Nozawa on 31 May 12
       
      This is because China is a massive economy, and it bears an extremely important role in the Japanese economy, especially after having taken over the second largest economy world wide. 
    • Erica Nozawa
      Erica Nozawa on 31 May 12
       
      Japan's economy stagnated severely after the earthquake and tsunami. This was due to the rapidly dropping demand from consumers, who deferred purchasing inessential goods. 
  • , demand from China would be the determining factor for continued growth
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      This quotation indicates the global impact of the Chinese economy. Because a large proportion of Japanese goods' is exported to China, a decrease in demand means that there would be less output. This can be related to the US GDP article, stating that a decrease in demand would make it difficult to produce the good to be either exported or imported and have affect on GDP growth. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Need to explain how decrease or increase in currency can influence output. 
  • Erica Nozawa on 31 May 12
     
    Japan's factory output was weaker than expected in April because of slower demand for electronics goods, especially in China. Output was 0.2% higher in April from March, the Trade and Industry Ministry said. Analysts had forecast a figure of 0.5%. The ministry said it expects output to fall in May, before rebounding in June.
Emily Hoshi

The 86 million invisible unemployed - May. 3, 2012 - 1 views

money.cnn.com/...index.htm

shared by Emily Hoshi on 01 Jun 12 - No Cached
  • population growth
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      :D?
  • labor force is now at its smallest size since the 1980s when compared to the broader working age population.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      One of the reasons to why there as an increase in unemployment.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Two graphs with the unemployment in micro perspective graph and the boarder working age population (basically population graph of workers) graph to compare and analyze the effects 
  • Last year, 86 million Americans were not counted in the labor force because they didn't keep up a regular job search. Most of them were either under age 25 or over age 65.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could use the numbers and percentages to create a graph.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      This can be shown with unemployment in microeconomics perspective graph
  • ...11 more annotations...
  • that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Since unemployment is when a worker is willing and able to work at a given wage rate but there is no job (work) available, when they have given up to look for a job they are not counted in the unemployment rate anymore.
  • unemployment rate is falling
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could show the unemployment fall on a graph.
  • A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Definition
  • 63.6% of Americans over the age of 16 fell into that category
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, could use the statistics to show how it has hit a very low labour force participation rate.
  • Only people looking for work are considered officially unemployed.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, definition of unemployment.
  • The unofficially unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      It is not that the people who were unemployed were not looking for jobs at all.
  • weren't consistently looking for one
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      The reason for them being "unofficially unemployed".
  • Older people, ages 65 and over, account for more than a third.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      They can live on either their savings or the money from the government. 
  • Young people between 16 and 24 make up another fifth.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Off for education?
  • unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Types of unemployment: structural, frictional, cyclical, seasonal, natural rate
  • recession
Joe Kanagawa

BBC News - Rail fares up by average 6.2% in new year - 1 views

www.bbc.co.uk/uk-11818904

shared by Joe Kanagawa on 06 Jun 12 - No Cached
  • Rail fares up by average 6.2% in new year
    • Joe Kanagawa
      Joe Kanagawa on 06 Jun 12
       
      (reposting, deleted by accident) - Micro
Nayana Devadas

Oil Gains a Third Day on Demand Outlook as Supplies Drop - Bloomberg - 2 views

www.bloomberg.com/...-crude-stockpiles-decline.html

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      demand- micro
  • Crude inventories
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      inventory- supply- storage 
  • ...10 more annotations...
  • crude
  • Futures
  • 75 cents to $85.04
  • Brent oil for July settlement gained 26 cents, or 0.3 percent, to $99.10 a barrel on the London-based ICE Futures Europe exchange.
  • New York crude is set to rebound based on a technical indicator that shows a decline of more than 20 percent fro
  • bear market conditions
  • Futures
  • Futures
  • “The inventory decline doesn’t change the overall outlook much, but at least it’s headed in the right direction,”
  • The relative strength index, or RSI, has been below 30 since May 11, signaling that oil is poised to climb, said Richard Ross, a technical analyst at brokerage Auerbach Grayson & Co. in New York. The 14-day RSI, which identifies possible turning points in markets, dropped to 16.3 on June 1, the lowest level since February 1986.
Arla Takala

BBC News - London 2012: Olympic VIP tickets still to sell - 1 views

www.bbc.co.uk/uk-18073585

Micro Economics Demand & Supply Maximum Price

shared by Arla Takala on 08 Jun 12 - No Cached
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      decrease in demand
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      lack of interest
    • Arla Takala
      Arla Takala on 08 Jun 12
       
      isnt it because the tickets are too expensive? 
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      not everyone is willing and able - mainly able
  • ...9 more annotations...
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      minimum price
  • unsold.
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      maximum price - excess supply
  • Prestige Ticketing.
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      lowering maximum price
  • While many sports fans have struggled
  • The minimum price for that evening of athletics, with fine dining included, is £4,500.
  • minimum
  • With the start of London 2012 now little more than two months away, Prestige Ticketing has decided to change its sales strategy in order to try to offload the remaining supply.
Shoko Kuroda

BBC News - Energy committee attacks UK carbon price - 0 views

www.bbc.co.uk/...business-16728207

shared by Shoko Kuroda on 09 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      Minimum price, therefore it is micro economics 
  • higher carbon options more expensive.
  • developing a low carbon economy
  • ...12 more annotations...
  • reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
  • put aside money
  • The governmen
  • £250m package of support."
  • The government expects to raise £1.4bn
  • However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
  • If the actual price is below the floor, companies must pay the difference to the Treasury.
  • The extra cost will be passed on to consumers, it warns.
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      Recession, the business cycle suggested by Keynes can be introduced with a digram and explanation. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      A diagram representing the impact of minimum price should be drawn and explained. Consumer burden needs to be explained as well. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession. 
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