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London Luxury-Home Price Gains Slow After Property-Tax Increase - 1 views

www.bloomberg.com/...ter-property-tax-increase.html

house prices microeconomics demand

shared by J Hwang on 07 Jun 12 - No Cached

J Hwang on 07 Jun 12

-microeconomics -small growth in luxury-home prices in London after the "the government increased a tax on purchases of 2 million pounds ($3.1 million) or more" -consumers must pay more for the same good compared to before - fall in demand -prices of homes/luxury homes were growing -"Europe's debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth." - homes more scarce, hence increase in price

<div class="cArrow"> </div><div class="cContentInner">-microeconomics -small growth in luxury-home prices in London after the "the government increased a tax on purchases of 2 million pounds ($3.1 million) or more" -consumers must pay more for the same good compared to before - fall in demand -prices of homes/luxury homes were growing -"Europe's debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth." - homes more scarce, hence increase in price</div>

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J Hwang on 07 Jun 12

-use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing

<div class="cArrow"> </div><div class="cContentInner">-use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing</div>

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China's Gold Demand to Slow From April Surge: Association - Bloomberg - 0 views

www.bloomberg.com/...m-april-surge-association.html

gold demand china microeconomics

shared by Jin Seo on 31 May 13 - No Cached

Jin Seo on 31 May 13

Demand of gold in china slows down

<div class="cArrow"> </div><div class="cContentInner">Demand of gold in china slows down </div>

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Microsoft posts first loss as public company - Business - Al Jazeera English - 1 views

www.aljazeera.com/...201272025825238800.html

microsoft microeconomics economics

shared by Jin Seo on 31 May 13 - No Cached

Microsoft
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- Jin Seo on 31 May 13
  
  Example of a real life monopoly
  
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- Jin Seo on 31 May 13
  
  Total cost > total revenue
  
  <div class="cArrow"> </div><div class="cContentInner">Total cost > total revenue </div>
  
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...3 more annotations...
net loss of $492m
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profit of $5.87bn
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$18bn
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Jin Seo on 31 May 13

Microsoft first loss as a public company

<div class="cArrow"> </div><div class="cContentInner">Microsoft first loss as a public company</div>

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BBC News - Who what why: Why is there more oilseed rape being grown? - 31 views

www.bbc.co.uk/...magazine-18249840

Demand & Supply

shared by Adam Seldis on 30 May 12 - No Cached

Adam Seldis liked it

Why is there more oilseed rape being grown?
- Adam Seldis on 30 May 12
  
  This looks like it might a supply issue - so microeconomics supply and demand
  
  <div class="cArrow"> </div><div class="cContentInner">This looks like it might a supply issue - so microeconomics supply and demand</div>
  
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more than ever before
- Adam Seldis on 30 May 12
  
  So there has been a shift outwards in supply. I can show this on a diagram. However I need to explain why it has shifted.
  
  <div class="cArrow"> </div><div class="cContentInner">So there has been a shift outwards in supply. I can show this on a diagram. However I need to explain why it has shifted.</div>
  
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rocketing prices as it becomes more desirable for food
- Adam Seldis on 30 May 12
  
  So the only way this can be explained is that demand has increased more than the increase in supply, therefore leading to a 'rocketing' in prices. Again, would be good if I could explain why.
  
  <div class="cArrow"> </div><div class="cContentInner">So the only way this can be explained is that demand has increased more than the increase in supply, therefore leading to a 'rocketing' in prices. Again, would be good if I could explain why.</div>
  
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...9 more annotations...
£388 per tonne, which compares to £240 in 2010
- Adam Seldis on 30 May 12
  
  I can use these numbers on my diagram. 240GBP was the original equilibrium price, 388GBP the new equilibrium.
  
  <div class="cArrow"> </div><div class="cContentInner">I can use these numbers on my diagram. 240GBP was the original equilibrium price, 388GBP the new equilibrium.</div>
  
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698,000 hectares in England and Wales and around 37,000 hectares in Scotland have been sown with oilseed rape this year, up about 6% on last year
- Adam Seldis on 30 May 12
  
  Again, I can use these figures in my diagram on the Quantity axis.
  
  <div class="cArrow"> </div><div class="cContentInner">Again, I can use these figures in my diagram on the Quantity axis.</div>
  
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rapeseed oil is actually one of the highest quality vegetable oils, and it has gained a certain culinary respectability over recent years.
- Adam Seldis on 30 May 12
  
  This explains the shift in demand
  
  <div class="cArrow"> </div><div class="cContentInner">This explains the shift in demand</div>
  
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"It's being used as mayonnaise, in margarine, salads, anywhere vegetables are used. It has a good health profile, has low saturated fat, is high in omega-3, and some claim it is better than sunflower oil," he say
- Adam Seldis on 30 May 12
  
  As does this.
  
  <div class="cArrow"> </div><div class="cContentInner">As does this.</div>
  
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The UK's "consistently high yields" of rapeseed have made the crop a success, according to Gagen.
- Adam Seldis on 30 May 12
  
  This partly explains the shift in supply
  
  <div class="cArrow"> </div><div class="cContentInner">This partly explains the shift in supply</div>
  
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Other places like Germany, Poland and Ukraine have had a dreadful winter, the crops were exposed to severe cold temperatures, I suspect the French suffered as well.
- Adam Seldis on 30 May 12
  
  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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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and they are 45% oil - and the other 55% is high protein animal feed - they are an amazing piece of nature," he says. Burnett says oilseed rape is also being used for biodiesel, while a very small amount has specialist industrial uses, for instance as lubricants.
- Adam Seldis on 30 May 12
  
  Again, this explains the surge in demand. It has a number of different uses. (Called composite demand).
  
  <div class="cArrow"> </div><div class="cContentInner">Again, this explains the surge in demand. It has a number of different uses. (Called composite demand).</div>
  
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Burnett says oilseed rape has probably been more visible this year because it has flowered for almost twice its normal length of time - eight weeks, instead of four - as a cold and wet April and May stopped flowers developing and dying at their normal rate.
- Adam Seldis on 30 May 12
  
  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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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- Adam Seldis on 30 May 12
  
  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
  
  <div class="cArrow"> </div><div class="cContentInner">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</div>
  
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Adam Seldis on 30 May 12

This is the article I would like you to read first. You may not use this one in the future.

<div class="cArrow"> </div><div class="cContentInner">This is the article I would like you to read first. You may not use this one in the future.</div>

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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 on 01 Jun 12
  
  :D?
  
  <div class="cArrow"> </div><div class="cContentInner">:D?</div>
  
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labor force is now at its smallest size since the 1980s when compared to the broader working age population.
- Ayaka Matsumura on 01 Jun 12
  
  One of the reasons to why there as an increase in unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">One of the reasons to why there as an increase in unemployment.</div>
  
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- 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
  
  <div class="cArrow"> </div><div class="cContentInner">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 </div>
  
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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 on 01 Jun 12
  
  Could use the numbers and percentages to create a graph.
  
  <div class="cArrow"> </div><div class="cContentInner">Could use the numbers and percentages to create a graph.</div>
  
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- Emily Hoshi on 01 Jun 12
  
  This can be shown with unemployment in microeconomics perspective graph
  
  <div class="cArrow"> </div><div class="cContentInner">This can be shown with unemployment in microeconomics perspective graph</div>
  
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that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
- 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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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unemployment rate is falling
- Ayaka Matsumura on 01 Jun 12
  
  Could show the unemployment fall on a graph.
  
  <div class="cArrow"> </div><div class="cContentInner">Could show the unemployment fall on a graph.</div>
  
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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 on 01 Jun 12
  
  Definition
  
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63.6% of Americans over the age of 16 fell into that category
- Ayaka Matsumura on 01 Jun 12
  
  Again, could use the statistics to show how it has hit a very low labour force participation rate.
  
  <div class="cArrow"> </div><div class="cContentInner">Again, could use the statistics to show how it has hit a very low labour force participation rate.</div>
  
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Only people looking for work are considered officially unemployed.
- Ayaka Matsumura on 01 Jun 12
  
  Again, definition of unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">Again, definition of unemployment.</div>
  
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The unofficially unemployed
- Ayaka Matsumura on 01 Jun 12
  
  It is not that the people who were unemployed were not looking for jobs at all.
  
  <div class="cArrow"> </div><div class="cContentInner">It is not that the people who were unemployed were not looking for jobs at all.</div>
  
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weren't consistently looking for one
- Ayaka Matsumura on 01 Jun 12
  
  The reason for them being "unofficially unemployed".
  
  <div class="cArrow"> </div><div class="cContentInner">The reason for them being "unofficially unemployed".</div>
  
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Older people, ages 65 and over, account for more than a third.
- Ayaka Matsumura on 01 Jun 12
  
  They can live on either their savings or the money from the government.
  
  <div class="cArrow"> </div><div class="cContentInner">They can live on either their savings or the money from the government. </div>
  
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Young people between 16 and 24 make up another fifth.
- Ayaka Matsumura on 01 Jun 12
  
  Off for education?
  
  <div class="cArrow"> </div><div class="cContentInner">Off for education?</div>
  
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unemployed
- Ayaka Matsumura on 01 Jun 12
  
  Types of unemployment: structural, frictional, cyclical, seasonal, natural rate
  
  <div class="cArrow"> </div><div class="cContentInner">Types of unemployment: structural, frictional, cyclical, seasonal, natural rate</div>
  
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recession
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Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views

www.japantimes.co.jp/...nb20120530a1.html

shared by Emily Hoshi on 01 Jun 12 - No Cached

Panasonic looking to slash HQ personnel
- Emily Hoshi on 01 Jun 12
  
  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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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- Ayaka Matsumura on 01 Jun 12
  
  In the end, is it possible to find a way to NOT cut workers?
  
  <div class="cArrow"> </div><div class="cContentInner">In the end, is it possible to find a way to NOT cut workers?</div>
  
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- Ayaka Matsumura on 01 Jun 12
  
  In your IA maybe you could add a simple note saying how long the recession has been going on.
  
  <div class="cArrow"> </div><div class="cContentInner">In your IA maybe you could add a simple note saying how long the recession has been going on.</div>
  
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reduce costs and streamline the organization
- Emily Hoshi on 01 Jun 12
  
  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.
  
  <div class="cArrow"> </div><div class="cContentInner">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.</div>
  
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drastic workforce downsizing at its Osaka
- Emily Hoshi on 01 Jun 12
  
  Brings marginal cost shift inwards and by that also the average cost shift inwards as well
  
  <div class="cArrow"> </div><div class="cContentInner">Brings marginal cost shift inwards and by that also the average cost shift inwards as well </div>
  
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- Emily Hoshi on 01 Jun 12
  
  Slush in labours at Panasonic Corps in Osaka
  
  <div class="cArrow"> </div><div class="cContentInner">Slush in labours at Panasonic Corps in Osaka </div>
  
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recovery of its business performance at an early date by speeding up decision-making, in addition to cost cuts after logging a massive group net loss in the business year
- Emily Hoshi on 01 Jun 12
  
  Same points made from the previous paragraph, due to recession they are aiming to increase efficiency and cut costs
  
  <div class="cArrow"> </div><div class="cContentInner">Same points made from the previous paragraph, due to recession they are aiming to increase efficiency and cut costs</div>
  
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redirecting company resources into new growth areas
- Emily Hoshi on 01 Jun 12
  
  I assume that "new growth areas" is to move the company to a more rural area because having a business at a city has a high land cost where rural areas can be much cheaper therefore, this can benefit the firm by having the cost curves to shift outward.
  
  <div class="cArrow"> </div><div class="cContentInner">I assume that "new growth areas" is to move the company to a more rural area because having a business at a city has a high land cost where rural areas can be much cheaper therefore, this can benefit the firm by having the cost curves to shift outward. </div>
  
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energy-efficient products and solar panels
- Emily Hoshi on 01 Jun 12
  
  One of the factors of production, capital by having new technology such as (mentions here) solar panels. It reduces the light energy use, etc costs in the company.
  
  <div class="cArrow"> </div><div class="cContentInner">One of the factors of production, capital by having new technology such as (mentions here) solar panels. It reduces the light energy use, etc costs in the company.</div>
  
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loss of ¥772.17 billion
- Emily Hoshi on 01 Jun 12
  
  This can be shown on demand and supply where supply shifts outward, showing the loss of 772.17 billion yen on the price axis
  
  <div class="cArrow"> </div><div class="cContentInner">This can be shown on demand and supply where supply shifts outward, showing the loss of 772.17 billion yen on the price axis </div>
  
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36,000 over the year to some 330,000
- Emily Hoshi on 01 Jun 12
  
  This can be shown on phillips curve (?) to show the increase in unemployment rate by having the aggregate demand to shift inwards.
  
  <div class="cArrow"> </div><div class="cContentInner">This can be shown on phillips curve (?) to show the increase in unemployment rate by having the aggregate demand to shift inwards. </div>
  
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Emily Hoshi on 06 Jun 12

this is my IA

<div class="cArrow"> </div><div class="cContentInner">this is my IA</div>

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Are you ready for the $60 light bulb? - 0 views

www.mercurynews.com/...are-you-ready-60-light-bulb

substitute goods microeconomics subsidizing san jose mercury news

shared by Cynthia Huang on 03 Jun 12 - No Cached

Cynthia Huang on 03 Jun 12

I can't comment on the actual article, so here are my points: -this shows a case of substitute goods that happen to be merit goods. the manufacturer, Philips, has created an eco-friendly lightbulb that will last about 20 years. however, it also has other eco-friendly light bulbs that cost a fraction of the current set price. -the price is currently quite expensive, but the manufacturer is currently subsidizing the product for customers. -a diagram of positive consumption externalities can be shown, using the prices mentioned in the article.

<div class="cArrow"> </div><div class="cContentInner">I can't comment on the actual article, so here are my points: -this shows a case of substitute goods that happen to be merit goods. the manufacturer, Philips, has created an eco-friendly lightbulb that will last about 20 years. however, it also has other eco-friendly light bulbs that cost a fraction of the current set price. -the price is currently quite expensive, but the manufacturer is currently subsidizing the product for customers. -a diagram of positive consumption externalities can be shown, using the prices mentioned in the article.</div>

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Falling Oil Prices Are No Mystery - Businessweek - 1 views

www.businessweek.com/...ling-oil-prices-are-no-mystery

shared by Derek Schwung on 05 Jun 12 - No Cached

- Derek Schwung on 05 Jun 12
  
  Microeconomics - Supply and Demand
  
  <div class="cArrow"> </div><div class="cContentInner">Microeconomics - Supply and Demand </div>
  
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- Derek Schwung on 05 Jun 12
  
  Current Prices
  
  <div class="cArrow"> </div><div class="cContentInner">Current Prices </div>
  
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$97 a barrel and West Texas Intermediate hitting $83.
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producing more oil than it’s consuming,
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- Derek Schwung on 05 Jun 12
  
  Excess Supply - cause
  
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Global oil consumption has been declining since the end of 2011, falling to 88.5 million barrels per day at the end of April, from 90.4 million barrels per day in late December 2011
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- Derek Schwung on 05 Jun 12
  
  Oil consumption is falling - less demand
  
  <div class="cArrow"> </div><div class="cContentInner">Oil consumption is falling - less demand </div>
  
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10 percent increase in production from OPEC during the past 12 months.
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- Derek Schwung on 05 Jun 12
  
  An outward shift in supply
  
  <div class="cArrow"> </div><div class="cContentInner">An outward shift in supply</div>
  
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- Derek Schwung on 05 Jun 12
  
  Resulting of new drilling techniques and finds
  
  <div class="cArrow"> </div><div class="cContentInner">Resulting of new drilling techniques and finds </div>
  
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, driven by new finds and drilling
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a 15-year low—a result of economic weakness and increased energy efficiency.
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- Derek Schwung on 05 Jun 12
  
  Demand is low because of economic weakness and increase energy efficiency
  
  <div class="cArrow"> </div><div class="cContentInner">Demand is low because of economic weakness and increase energy efficiency </div>
  
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The price declines
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- Derek Schwung on 05 Jun 12
  
  Decrease in price to reach equilibrium?
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in price to reach equilibrium? </div>
  
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bets that the price will rise
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- Derek Schwung on 05 Jun 12
  
  Price will rise in future
  
  <div class="cArrow"> </div><div class="cContentInner">Price will rise in future </div>
  
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, will fall to $90 a barrel by September, and that West Texas Intermediate should fall to $80.
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- Derek Schwung on 05 Jun 12
  
  Prediction for near future
  
  <div class="cArrow"> </div><div class="cContentInner">Prediction for near future </div>
  
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ince two-thirds of the price of gasoline is determined by the price of oil, that should continue to lower prices at the pump. At the end of May, the average price of a gallon of gasoline in the U.S. was $3.66, 12¢ lower than it was a year ago
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- Derek Schwung on 05 Jun 12
  
  Gasoline should also decrease in price Happier consumers
  
  <div class="cArrow"> </div><div class="cContentInner">Gasoline should also decrease in price Happier consumers </div>
  
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- Derek Schwung on 06 Jun 12
  
  This is the article for my IA 1
  
  <div class="cArrow"> </div><div class="cContentInner">This is the article for my IA 1</div>
  
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BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views

www.bbc.co.uk/...and-scotland-politics-18160832

shared by Arla Takala on 07 Jun 12 - No Cached

Scottish minimum alcohol pricing passed by parliament
- Arla Takala on 07 Jun 12
  
  Microeconomics - Minimum price on alcohol in Scotland
  
  <div class="cArrow"> </div><div class="cContentInner">Microeconomics - Minimum price on alcohol in Scotland</div>
  
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minimum drink pricing
- Arla Takala on 07 Jun 12
  
  Minimum price = legally imposed price floor below which that normal market price cannot fall
  
  <div class="cArrow"> </div><div class="cContentInner">Minimum price = legally imposed price floor below which that normal market price cannot fall</div>
  
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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 on 07 Jun 12
  
  Consumers pay a higher price for same product
  
  <div class="cArrow"> </div><div class="cContentInner">Consumers pay a higher price for same product</div>
  
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...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 on 07 Jun 12
  
  The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol
  
  <div class="cArrow"> </div><div class="cContentInner">The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol</div>
  
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alcohol
- Arla Takala on 07 Jun 12
  
  Alcohol is a demerit good (over consumed or over produced) and has negative effects on society
  
  <div class="cArrow"> </div><div class="cContentInner">Alcohol is a demerit good (over consumed or over produced) and has negative effects on society</div>
  
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Labour said minimum pricing could generate profits of more than £125m for alcohol retailers
- Arla Takala on 07 Jun 12
  
  Increase in profit for alcohol retailers due to an increase in price of alcohol
  
  <div class="cArrow"> </div><div class="cContentInner">Increase in profit for alcohol retailers due to an increase in price of alcohol</div>
  
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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 on 07 Jun 12
  
  The increase in price of alcohol would cause a reduction in demand
  
  <div class="cArrow"> </div><div class="cContentInner">The increase in price of alcohol would cause a reduction in demand</div>
  
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- Arla Takala on 07 Jun 12
  
  Minimum price causes a surplus in the market because supply exceeds demand
  
  <div class="cArrow"> </div><div class="cContentInner">Minimum price causes a surplus in the market because supply exceeds demand</div>
  
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- Arla Takala on 07 Jun 12
  
  This causes a reduction in market size
  
  <div class="cArrow"> </div><div class="cContentInner">This causes a reduction in market size </div>
  
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- Arla Takala on 07 Jun 12
  
  This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal
  
  <div class="cArrow"> </div><div class="cContentInner">This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal</div>
  
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