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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.

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.

This will also lower prices and may stop the rise of maize costs as less wastage will occur.

Perhaps, increasing the maize prices will make up for the loss in revenue from the stolen maize.

This is my ECON IA for MICRO

Business investment is stated as another factor which contributed to the decrease in GDP growth 

Explanation as to what is GDP, its definition and the major factors which influence GDP. GDP= C (consumption)+G (government spending) +I (investment) +(X-M) (exports- imports)

Could give an insight to some statistics as to what the GDP growth rates are for few countries around the world 

Evaluate on the two different perspectives and the extent to both are valid 

reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP. 

Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP. 

Decline in business investment, infrastructures invest more money therefore bring a bigger influence on growth of GDP whereas equipment and software have little affect since it is not as expensive as building roads and buildings. 

Investment on construction of mining, oil and gas is similar to business investment on infrastructure since they acquire a lot of money whereas spendings on factories and office buildings are not as expensive as construction related spending. 

Unemployment benefits have risen, indicating that since there is a population who dont have a job, the government has to afford them unemployment benefits which reduces GDP. 

Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods. 

Because China has such a global impact on the world's economy, the slowing growth of the Chinese economy could reduce consumption of goods, considering the fact that the prices of Chinese goods could increase. 

I can use these numbers on my diagram. 240GBP was the original equilibrium price, 388GBP the new equilibrium.

Again, I can use these figures in my diagram on the Quantity axis.

This explains the shift in demand

As does this.

This partly explains the shift in supply

I can bring in here the concept of substitute goods - that German etc rape crops are a substitute good. That their fall in supply will have lead to an increase in the price for them, leading to a fall in demand. This will have lead to an increase in demand for UK rape crops. Could show this diagrammatically if needed.

Again, this explains the surge in demand. It has a number of different uses. (Called composite demand).

We could start to use this as some kind of evaluation - the fact that there might not have been a shift in supply at all.

So, overall, I could write a commentary about how a small shift in supply and a large shift in demand has led to an increase in the price for rape seed. I can easily show this with a diagram and explain the factors behind each movement. I would need to show the shift in supply being less than the shift in demand. For evaluation I could start to look at the impacts of PED and PES. Might they be inelastic or elastic and how might this impact the price mechanism. I could also speculate a little about what might happen in the future, based on the information in the article, and its impact on the price of rape seed in the UK

I could draw a demand - supply diagram from this, indicating the declining demand for cars, consequently leading to a drop in supply. 

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. 

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. 

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. 

Need to explain how decrease or increase in currency can influence output. 

price fixing = market manipulation 

what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers 

have monitoring for these companies due to high probabilities of collusion 

fairly high barriers to entry - one of the characteristics of an oligopoly 

EVALUATION: what would the evaluation contain?   - is it good or bad? (for consumers (benefits of colluding) and producers)   - BP oil competition = shows how having contest ability may be dangerous   - what can the governments do to stop collusion from happening? 

formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers? 

reasons why oligopolies are strictly monitored 

and also why oligopolies want to collude to become a monopoly 

largest price fixing scandal

what would the evaluation contain?  - is it good or bad? (for consumers (benefits of colluding) and producers)  - BP oil competition = shows how having contest ability may be dangerous  - what can the governments do to stop collusion from happening? 

Target is one of a few very large clothing stores in Australia. Like an oligopolistic market, Westerfarmers must use non price determinant factors to get more consumers.

Large gains in profit due to cheaper costs and more sales.

This is amid low growth rates for Australia. Suggests monetary policy as a solution.

Economy is unstable, possibly due to uncertainty in mining?

Increase in I + X, resulting in an increase in AD

Interest rates have been cut over the past year. 

This should cause an increase in C, resulting in an increase in AD. 

Very positive outlook.

Inflation & GDP growth is expected

Caused by previous RoI cuts.

Concerns about mining boom, global uncertainty caused business confidence to decrease.

Resulted in a decrease in I

Increase in employment caused rise in business conditions.

Consumer ConfidenceIncome (Normal Goods, Inferior Goods)NeedPopulationQualityFashion Price of goodPrice of complementary goodsAdvertisement 

The significance of unemployment rate is clearly indicated, such as the the impact on Obama's re-election. 

Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate. 

The word 'recession' can used to introduce the Keynesian economics with the boom and the busts cycles and monetary and fiscal policies to reduce these cycles. 

This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods. 

The decrease in the prices of government bonds in Germany and United States indicates that the citizens dont have the trust to these countries for their skill to return the money with a fixed amount of tax. This is also another indication for the economy not doing well. 

The main factor of decrease in America's GDP is stated as the overall decrease in the demand for goods since many economies are not successful. 

Europe can be noted as one of the important continents which greatly affect the global economy. 

Whether a company has a diverse target audience or not can be a indicator to determine the impacts of global slow down in markets. 

A graph illustrating a global decrease in demand can be applied to draw the consequences of decrease in GDP. 

The economic policies which President Obama used can be described thoroughly in this section, such as fiscal and monetary and their success. 

Both the positives and the negatives of America's economy can be explained more in depth and the impact of each factor to the market. 

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the deflation decreased consumption and investments because people will wait for the price to decrease then buy it at a higher price

x will increase because it decreased drastically last year

decrease in supply of electricity. So electric companies are increasing the price of electricity

complementary goods. 

weak Won makes Korean car prices relatively cheaper than strong yen japanese cars

Draw S-D curves and talk about substitute goods