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Faizal Zubir

Mid East gas demand to outpace supply - IEA | Energy & Oil | Reuters - 2 views

  • demand to rise by 79 billion cubic metres (bcm) or 20 percent from 2011 to 2017
    • Faizal Zubir
       
      A shift on demand curve.
  • Middle Eastern demand for natural gas is likely to rise faster than supply over the next five years
    • Faizal Zubir
       
      A rise in price.
  • ...3 more annotations...
  • In a few countries, gas demand has therefore to be curtailed," the report says.
    • Faizal Zubir
       
      Demand has to decreased, ads for other alternatives.
  • Middle Eastern governments will have to either curb demand or import a lot more expensive gas.
    • Faizal Zubir
       
      Evaluation in which one is better.
  • low gas prices encourage consumption and discourage production.
    • Faizal Zubir
       
      Reason explaining the higher demand and low supply.
Yayoi Tanikawa

Japan Govt to expand routine vaccinations | The Jakarta Post - 4 views

  • Japan Govt to expand routine vaccinations
    • Yayoi Tanikawa
       
      merit good that is under consumed
    • Yayoi Tanikawa
       
      positive consumption externality
  • The health ministry has decided to add three immunizations--against cervical cancer and two infections that can cause bacterial meningitis
    • Yayoi Tanikawa
       
      MPB moves towards MSB
  • subsidizing fees for the three vaccinations as an emergency measure since fiscal 2010
    • Yayoi Tanikawa
       
      making vaccinations more accessible
  • ...6 more annotations...
  • subsidies are set to be terminated at the end of this fiscal year, the Health, Labor and Welfare Ministry plans to make the subsidies permanent
    • Yayoi Tanikawa
       
      with subsidies, more quantity at a lower price
    • Yayoi Tanikawa
       
      encourages people to get vaccinations
  • among children
    • Yayoi Tanikawa
       
      so they can live longer, provide more to society
  • termination of subsidies for those immunizations was seen as undesirable in light of the fact that an increasing number of young people have been diagnosed with those conditions
    • Yayoi Tanikawa
       
      by preventing the diseases, people won't have to spend more money on treating the diseases when they get older
  • routine vaccination program as soon as it can secure funding for them.
    • Yayoi Tanikawa
       
      under produced
  • Making all seven immunizations part of the routine vaccination program would cost 200 billion yen per year
  • "It's strange to treat them differently just for budget reasons when they are all important vaccinations
Nayana Devadas

BBC NEWS - Australia's economy grows by more than expected - 1 views

    • Nayana Devadas
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
Yihan Li

Republican Lawmaker Considering a Tobacco Tax Increase Bill | StateImpact Idaho - 0 views

  • Tobacco Tax Increase
    • Yihan Li
       
      Taxation on demerit good 
  • would tack on an additional $1.25 to Idaho’s tobacco tax
    • Yihan Li
       
      Massive increase on the tax of tobacco 
  • Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
  • ...1 more annotation...
  • Medicaid program at least $83 million each year and cost taxpayers as much as $319 million in other health-related costs annually.
    • Yihan Li
       
      negative consumption externalities  (benefit-cost curve) 
  •  
    Tobacco Tax
Adam Seldis

German Jobless Rate Hits Low - WSJ.com - 3 views

    • Derek Schwung
       
      Unemployment rates in Germany at a record low Debt crisis in euro zone not affecting 
  • The seasonally adjusted unemployment rate fell to 6.7%—the lowest since comparable records began in 1998—from 6.8% in April, according to data from the country's labor agency Thursday. Economists had expected the adjusted unemployment rate to remain at 6.8%.
    • Derek Schwung
       
      Fell by .1% from April to May. Lowest since comparable records begann in 1998 
  • ...9 more annotations...
  • 2.855 million from 2.963 million
    • Derek Schwung
       
      Figures for a graph 
    • Nich Fabrici
       
      Maybe a Phillips Curve Analysis would be interesting?
  • Germany's economy grew by 0.5% in the first quarter of 2012
    • Derek Schwung
       
      Possible cause to decrease in unemployment 
  • Earlier Thursday, Germany's statistics office reported a higher than expected rise in retail sales in April, which economists attributed in part to the robust labor market.
    • Derek Schwung
       
      Another cause 
  • However, Germany's Bundesbank warned last week that the first-quarter growth figure likely overstates the country's trend pace. Germany's powerful industrial sector will only make "a relatively small contribution" to growth given the still falling demand from the euro zone, the central bank said. However, a significant growth contribution could come both from construction and consumption, it added.
    • Derek Schwung
       
      Hint at what will happen in the following year
    • Adam Seldis
       
      Look at it from AD/AS diagram perspective. What might also be the consequences?
Sean Dolan

Renault backs electric cars with free chargers | Reuters - 0 views

  • electric car
    • Sean Dolan
       
      positive consumption externalities
  • o claim 10
    • Sean Dolan
       
      demand increase
  • subsidy
    • Sean Dolan
       
      subsidized
  • ...2 more annotations...
  • with volumes dropping sharply after filling advance
    • Sean Dolan
       
      decrease in demand
  • about plug-in hybrids that
    • Sean Dolan
       
      substitute goods
Fuyuka Nakamura

India's GDP growth slows sharply - May. 31, 2012 - 2 views

  • sharply
    • Fuyuka Nakamura
       
      AD/AS changed in time fast
  • In the first quarter, the country's manufacturing sector contracted and its agricultural sector slowed substantially
    • Fuyuka Nakamura
       
      An aggregate demand and supply curve can be shown to demonstrate the decline in GDP, which resulted from the contraction in the agricultural sector/manufacturing sector. The supply curve can shift down to demonstrate how the economy is producing less.
  • due primarily to weakness in its manufacturing and agricultural sectors
    • Fuyuka Nakamura
       
      Reason for the decline in economic growth in India. Shift in AS.
  • ...8 more annotations...
  • Spending by both consumers and the government decelerated slightly.
    • Fuyuka Nakamura
       
      By spending to decrease, the demand curve will shift, as people demand/spend less on the good/service.
    • Fuyuka Nakamura
       
      Consumer confidence is affected by the high interest rates (mentioned below)
  • tighter monetary policy
    • Fuyuka Nakamura
       
      Monetary Policy can be described. The interest rate and supply of money can be described to show how goods/services can affect economic growth.
  • interest rates high for three years to battle rapid inflation
    • Fuyuka Nakamura
       
      As interest rates are high, the sectors will not want to borrow money, as they will be losing out on money. Consumers will also save their money rather than spend it, which then affects the aggregate demand curve. Which then affects the economic growth.
    • Fuyuka Nakamura
       
      Contrationary Monetary Policy, as the Gov is trying to fight the inflation. In other words they want to lower the price levels. They do this by rising the interest rate to decrease the supply of money.
  • lower that rate slightly to try to stimulate economic growth.
    • Fuyuka Nakamura
       
      Can talk about the effect of lowering the interest rates. How the consumers will start to spend rather than save and how the businesses (sectors) start to borrow money for investment, which then pumps up the economic growth.
  • lower rates further
    • Fuyuka Nakamura
       
      the Reserve Bank of India can impose Expansionary Monetary Policy, lowering the interest rates, increasing the money supply, encouraging new consumption and investments. This will shift the AD out, increasing India's GDP within time. This will be their solution.
  • economic growth
    • Fuyuka Nakamura
       
      About India's GDP It will involve AD and AS
  • sharply
  • India is the world's second most populous nation after China, and the 11th largest economy,
Yihan Li

Automakers enjoy jump in U.S. sales : Business : DAILY YOMIURI ONLINE (The Daily Yomiuri) - 0 views

  • supply shortages
    • Sean Dolan
       
      Decrease in supply, decrease in quantity
  • strong demand for the Camry sedan
    • Sean Dolan
       
      increase in demand, increase in quantity
  • Low-interest auto loans
    • Sean Dolan
       
      More consumption of cars as it is more affordable than high rates
  • ...3 more annotations...
  • gasoline prices a
    • Sean Dolan
       
      complementary goods. 
  • Korea's Hyundai Motor-Kia Motors
    • Sean Dolan
       
      weak Won makes Korean car prices relatively cheaper than strong yen japanese cars
  • Automakers enjoy jump in U.S. sales
    • Yihan Li
       
      Draw S-D curves and talk about substitute goods 
Arla Takala

BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views

  • Scottish minimum alcohol pricing passed by parliament
    • Arla Takala
       
      Microeconomics - Minimum price on alcohol in Scotland
  • minimum drink pricing
    • Arla Takala
       
      Minimum price = legally imposed price floor below which that normal market price cannot fall
  • Under the plans, the ­cheapest bottle of wine would be £4.69 and a four-pack of lager would cost at least £3.52.
    • Arla Takala
       
      Consumers pay a higher price for same product
  • ...5 more annotations...
  • Scottish Health Secretary Nicola Sturgeon said that, as drink had become cheaper, alcohol-related hospital admissions had quadrupled and half of prisoners said they were drunk when they committed offences.
    • Arla Takala
       
      The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol
  • alcohol
    • Arla Takala
       
      Alcohol is a demerit good (over consumed or over produced) and has negative effects on society
  • Labour said minimum pricing could generate profits of more than £125m for alcohol retailers
    • Arla Takala
       
      Increase in profit for alcohol retailers due to an increase in price of alcohol
  • A study into a 50p minimum alcohol price by Sheffield University said the policy would see a 5.5% cut in drinking - with harmful drinkers' consumption falling by more than 10%, compared with a 2.5% fall for moderate drinkers.
    • Arla Takala
       
      The increase in price of alcohol would cause a reduction in demand
    • Arla Takala
       
      Minimum price causes a surplus in the market because supply exceeds demand
    • Arla Takala
       
      This causes a reduction in market size 
    • Arla Takala
       
      This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal
Zhoushu Ziporyn

Fed Survey Shows Economy Growing Modestly - NYTimes.com - 0 views

    • Zhoushu Ziporyn
       
      consumer spending did not go up as much.... consumer confidence low
    • Zhoushu Ziporyn
       
      consumer spending did not go up as much.... consumer confidence low
    • Zhoushu Ziporyn
       
      AD wont increase as much as C would not increase so much... AD=C+I+G+(X-M)
    • Zhoushu Ziporyn
       
      hiring going up, demand for labor going up--- more people are hired, more income. More income, more consumption. All of these cause the AD curve to shift to the right, causing a growth in GDP.
    • Zhoushu Ziporyn
       
      so the things i mentioned earlier is not quite the case here, as the wages have not increased much either it seems and so that would explain why it is only growing modestly when firms are hiring more
  • ...1 more annotation...
    • Zhoushu Ziporyn
       
      the drop in price will shift the equilibrium downward, and since it is the supply side, the quantity would increase since the supply curve would shift to the right according to the price increase.
  •  
    A Federal Reserve survey found that the economy grew moderately in most regions of the country this spring and companies kept hiring. It was a hopeful sign after a spate of gloomy data released last week. The Fed survey showed growth in each of its 12 bank districts from April 3 through May 25.
Aili Saito

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012 - 1 views

  • seasonal trends
    • Aili Saito
       
      GDP can vary due to seasons - similar to seasonal unemployment
  • business investment
    • Aili Saito
       
      will lead to a decrease in AD
  • The United States economy picked up speed
    • Aili Saito
       
      GDP increase = could express this on an AD/AS graph where the AD shifts to the right as well as AS shifts to to the right (both increase) - also leads to inflation
  • ...7 more annotations...
  • their inventories
    • Aili Saito
       
      production increased
  • consumers increased their spending
    • Aili Saito
       
      consumption increased (leads to a shift in AD to the right)
  • overall weakness
    • Aili Saito
       
      could possibly lead to a recession in the future
  • businesses building up their stock of goods
    • Aili Saito
       
      main reason of increase in GDP is the increase of production and increase of stock (AS related)
  • confidence
    • Aili Saito
       
      consumer/business confidence will lead to an increase in AD
  • the report showed GDP grew only 0.8% in the fourth quarter, compared with 3.2% in the third.
    • Aili Saito
       
      there is a decrease in GDP growth - could possibly lead to a recession (negative GDP growth)
  • too weak to warrant higher interest rates any time soon
    • Aili Saito
       
      as interest rates increase, it will lead to an increase in government revenue/profit for banks but also, a decrease in AD
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