Group items tagged

More jobs for the people. Supposed to decrease unemployment rate

unemployment rate fell which is good for the economy but it is because more people gave up looking for work

Quota's  Related to protectionism

Change in the value of the quota. Good for axes. 

The quota was obviously not large enough.  They filled the annual quota in just 6 months.

Positive Externality, Merit Good

Would it bring in a monopoly? - Evaluation

Further shift of the supply curve to the left

Increase in price causing excess supply and a shift to the left for the supply curve

Increase on sales tax for cigarettes and new minimum price

This nicely allows some evaluation, as we can speculate on to what evaluate the government should change interest rates

I could use this to introduce the relationship between interest rates and exchange rates. However that's more international economics so I might just ignore it. 

This is a nice article that allows me to explain what inflation is and how Kenya has cost-push disinflation. I can easily show this in a diagram. What's more it also talks about monetary policy, so I can explain how the government has helped create this - the impact of interest rates on costs. There are also some really good evaluation opportunities, particularly as the article suggests the Kenyan government itself doesn't know what to do with interest rates. I can ignore exchange rates but instead focus on the possible impact on employment and general GDP growth, whilst not ignoring the ominous signs mentioned about future world commodity prices.

Demand has decreased due to economic crisis

EU intervention to reduce surplus of olive oil and incomes in rural areas of spain

Demand has decreased due to economic crisis

Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.

In the end, is it possible to find a way to NOT cut workers?

In your IA maybe you could add a simple note saying how long the recession has been going on.

I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.

Brings marginal cost shift inwards and by that also the average cost shift inwards as well 

Slush in labours at Panasonic Corps in Osaka 

The attempts of government intervention to change the demand of fat in the past and what the government is attempting to repeat now, in order to change the demand of sugar and chocolate. This will also change the supply of the goods, since the tax will hit the producer as well.

This section shows the desired price, through the addition of the tax. It also gives a very exact target date for when the tax should be started up. This allows for graphs to be drawn before and after the event.

This shows how over time further taxes will be put on products, showing further change in demand and supply and the SRAS and LRAS.

Inflation rate has gone down, but it's still positive, so "disinflation" is happening in the said region.

below 5% - deflation possible in future

The type of inflation the region is in could be "cost-push inflation" due to changes in the prices of oil affecting the inflation rate.

decrease in oil - oil would be part of basket of goods for CPI - inflation could be higher because governments could underrate the spending on oil and change figures 

Fall in unemployment rate will normally cause the inflation rate to increase, but in this case, it didn't

-possible shift in SRPC 

-low inflation and low unemployment is ideal for economy 

Why are monopolies bad? Other good suggestions such as monopolistic competition and perfect competition. 

Wants to end monopoly because they need more demand for coal

merit good that is under consumed

positive consumption externality

MPB moves towards MSB

making vaccinations more accessible

A supply and demand diagram showing how the loss of subsidy should affect price

 Ethanol is a substitute good of oil. High price of oil thus make ethanol relatively cheap (Calculate XED if with sufficient data)

tax credit is "sum deducted from the total amount a taxpayer owes to"  

can relate to economies of scale = lack of communication is resolved

example of substitute good = XED 

PED will alter

exports decrease 

Taxation on demerit good 

Massive increase on the tax of tobacco 

positive consumption externalities

demand increase

subsidized

GPL vs. GDP curve higher price levels reduces spending and GDP

Encourage spending of money rather than "keeping it under the mattress"

Good for consumers - more competition -> lower rates and more borrowing so there will be more spending and the GDP will rise