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klemens koestler

Stateline - Colorado, Washington hope to bring in millions from marijuana taxes but the... - 3 views

  • Tax Revenue Estimates From Legal Marijuana May Not
  •  
    demand & supply, taxes, revenue, black market
Lucas Hagedorn

OPEC Boosts Supply to Six-Month High; Demand Forecast Stable - Bloomberg - 0 views

  • OPEC increased production by 106,000 barrels a day to 30.57 million a day
  • Consumption climbs at the end of the second quarter becaus
Katie Miyoshi

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

    • Katie Miyoshi
       
      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
       
      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
       
      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
       
      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
       
      This is also a subsidy. You could draw a subsidy micoeconomics graph for this.
  • ...4 more annotations...
    • Katie Miyoshi
       
      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
       
      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
       
      This will also lower prices and may stop the rise of maize costs as less wastage will occur.
    • Katie Miyoshi
       
      Perhaps, increasing the maize prices will make up for the loss in revenue from the stolen maize.
    • Katie Miyoshi
       
      This is my ECON IA for MICRO
Emily Hoshi

Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views

  • Panasonic looking to slash HQ personnel
    • Emily Hoshi
       
      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.
    • Ayaka Matsumura
       
      In the end, is it possible to find a way to NOT cut workers?
    • Ayaka Matsumura
       
      In your IA maybe you could add a simple note saying how long the recession has been going on.
  • reduce costs and streamline the organization
    • Emily Hoshi
       
      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.
  • drastic workforce downsizing at its Osaka
    • Emily Hoshi
       
      Brings marginal cost shift inwards and by that also the average cost shift inwards as well 
    • Emily Hoshi
       
      Slush in labours at Panasonic Corps in Osaka 
  • ...5 more annotations...
  • 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
       
      Same points made from the previous paragraph, due to recession they are aiming to increase efficiency and cut costs
  • redirecting company resources into new growth areas
    • Emily Hoshi
       
      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. 
  • energy-efficient products and solar panels
    • Emily Hoshi
       
      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.
  • loss of ¥772.17 billion
    • Emily Hoshi
       
      This can be shown on demand and supply where supply shifts outward, showing the loss of 772.17 billion yen on the price axis 
  • 36,000 over the year to some 330,000
    • Emily Hoshi
       
      This can be shown on phillips curve (?) to show the increase in unemployment rate by having the aggregate demand to shift inwards. 
  •  
    this is my IA
Christian Bager

Fat tax: Denmark's fat tax strikes again | GlobalPost - 1 views

  • Denmark first slapped a fat tax on saturated fats. Now lawmakers plan to hit sugar, and even chocolate consumption, in the second wave of its pioneering assault on the country's bulging waistlines and clogged arteries.
    • Christian Bager
       
      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.
  • Denmark will levy an extra six Danish Kroner ($1.05) on every kilogram of chocolate. The tax would go into effect on January 1.
    • Christian Bager
       
      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.
  • From 2013, lawmakers plan a levy on the sugar-content of processed food set at as much as 24 Kroner ($4.20) per kilogram.
    • Christian Bager
       
      This shows how over time further taxes will be put on products, showing further change in demand and supply and the SRAS and LRAS.
  • ...6 more annotations...
  • "The new tax on sugar in food will first be implemented from 2013, and the details will be discussed in the coming year,"
    • Christian Bager
       
      Showing that further un decided taxes are also going to be implemented.
  • The rationale is to improve the health in the Danish population by giving a stronger incitement to buy more healthy food.
    • Christian Bager
       
      This shows the reasoning for the change in taxation. However it does not actually show that this will impact the demand of alternative products.
  • It's a trend that could be mimicked all over the world
    • Christian Bager
       
      Showing that these taxes may spread into other economies.
  • Danish bakers, famed for their flaky cinnamon pastries, are predictably up in arms.
  • Mike Rayner, Director of Oxford University’s Health Promotion Research Group, said that combining the fat tax with higher taxes on sugary products would prevent people substituting fatty foods with sugary treats.
  • "I think the saturated fat tax by itself would not have been particularly useful, but a saturated fat tax in conjunction with a higher tax on sugary products means they are trying to tackle unhealthy foods on two fronts."
Mo Settles

Gas survey reports its first price drop of the year - CNN.com - 1 views

  • "We may see another five to 10 cents decline in the next few weeks" if crude oil doesn't rise, she said.
  • Atlanta: $3.79 Boston: $3.95 Denver: $3.87 Houston: $3.85 Memphis, Tennessee: $3.72 Portland, Oregon: $4.02
  • their first dip since December, according to a nationwide survey published Sunday.
  • ...16 more annotations...
  • A gallon of regular now costs $3.91 on average,
  • down more than 5 cents from two weeks earlier, when the average was just a few cents below the $4 mark.
  • crude oil for allowing gasoline
  • Gasoline supplies are plentiful, but crude oil prices had been "propping up" gasoline costs, she said. As crude oil prices have stabilized, gasoline prices have fallen.
  • Even looking ahead to later in May, as the country enters peak driving season, prices might not jump if crude oil stays stable because gasoline supplies are flush
  • one year ago was $3.8
  • ust three cents under
  • tabulates prices every two weeks at thousands of gas stations nationwide.
  • The city with the lowest average gas price was Tulsa, Oklahoma, at $3.52
  • San Francisco: $4.21
    • Mo Settles
       
      Why did the price change? -crude oil  -lots of gasoline  -crude oil stable/gasoline has prices fallen -
    • Mo Settles
       
      By how much did quantity change? -quantity of crude / gasoline increased
    • Mo Settles
       
      Who was effected by price change? -American citizens -The Oil Companies -Government?  
    • Mo Settles
       
      How was price impacted? -average gas prices dropped by 5 cents (USA) -$3.91 for a gallon on average  -below $4 mark -if crude oil prices stay stable another 10 cent change is expected -prices in peak season might not change because of the steady gasoline prices -average last year $3.88 three cents under current  -
    • Mo Settles
       
      Lundberg Survey  -tabulates prices every two weeks at thousands of gas stations nationwide
    • Mo Settles
       
      Econ to talk about -PES
Nofar Lapidot

BBC News - McDonald's profits boosted by store revamps - 2 views

  • 13 months rose 8.9%
    • Nofar Lapidot
       
      Shift outward in demand
  • solid sales growth of 5%
    • Nofar Lapidot
       
      shift out in demand even though economic downturn in europe. Possibly because McDonalds is cheap making it popular.
  • 1,300 new stores
    • Nofar Lapidot
       
      expansion in supply
  •  
    Increase in demand for McDonalds even though there is an economic downturn in Europe.
Nofar Lapidot

BBC News - Qantas forecasts profit to slide by up to 90% - 2 views

  • highest ever fuel bill
    • Nofar Lapidot
       
      Increase in price of FoP
  • It has forecast a profit before tax of between A$50m ($48.6m; £31.6m) and A$100m for the year ending 30 June.
  • dropped as much as 18%
    • Nofar Lapidot
       
      decrease in demand 
  • ...2 more annotations...
  • double to A$450m
    • Nofar Lapidot
       
      double the losses demand shift in, supply shift in because of high price of FoP
  • competition has increased
    • Nofar Lapidot
       
      more alternatives
  •  
    Quantas profit decreases by 90%
Fuyuka Nakamura

BBC News - Thailand exports fall in April as global demand slows - 5 views

  • Thailand exports fall in April as global demand slows
    • Fuyuka Nakamura
       
      Article 2: Demand and Supply
  • falling demand
    • Fuyuka Nakamura
       
      There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.
  • exports
    • Fuyuka Nakamura
       
      One of the components of AD. Therefore, it will affect the Country's GDP as well.
  • ...9 more annotations...
  • Manufacturing and export sector are key contributors to Thailand's economic growth
    • Fuyuka Nakamura
       
      This explains that exports is a key component in the country's GDP. A decrease in export will affect the country's GDP heavily. (GDP decreases)
  • eurozone debt crisis
  • eurozone's ongoing problems will continue to drag
    • Fuyuka Nakamura
       
      Meaning demand will keep on decreasing in Europe/USA, decreasing the exports from Thailand even more.
  • foreign sales accounting for more than half of Thailand's gross domestic product
    • Fuyuka Nakamura
       
      Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.
  • on Thai
    • Fuyuka Nakamura
       
      Graph: D shifts down. QD and QP decreases for particular manufactured good. Graph 2: AD shifts down, shrinking the economy.
  • Excessive flooding last last year caused damage to factories and businesses, hurting production
    • Fuyuka Nakamura
       
      Another reason to why their economic growth is slumping. This will result from a shift in the supply curve.
  • economic problems
  • boosting domestic consumption
    • Fuyuka Nakamura
       
      A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.
    • Fuyuka Nakamura
       
      Graph: Rise in AD, real GDP increase.
  • Thailand
    • Fuyuka Nakamura
       
      Will this Article count as Macro?
Nayana Devadas

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

    • Nayana Devadas
       
      demand- micro
  • Crude inventories
    • Nayana Devadas
       
      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.
Graeme Lorimer

Oil increases to highest level since 2008 - CNN.com - 0 views

  • pipeline explosion in Saudi Arabia
    • Sean Dolan
       
      decrease in supply
    • Graeme Lorimer
       
      Graeme Lorimer - IA 1
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 
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.
Emily Hoshi

Gasoline Pushes Consumer Prices to 10-Month High - NYTimes.com - 0 views

    • Emily Hoshi
       
      What can the government do to prevent the inflation? - what policies are there? monetary and fiscal but in this case monetary policy is the one to change the interest rates. --> however, this can lead to an increase in unemployment rate. WHY? 
  • Consumer prices rose
  • Surging gasoline prices hurt consumer confidence
  • ...29 more annotations...
  • as the cost of gasoline spiked,
  • Consumer Price Index rose 0.4 percent in February after advancing 0.2 percent
  • Gasoline accounted for more than 80 percent of the rise.
  • Consumer purchasing power
  • going to remain pressured by rising gasoline prices,
  • he said a trend toward lower inflation was still in place.
  • Consumer prices rose 2.9 percent last month from the same period a year ago, unchanged from January but down from a peak of 3.9 percent in September.
  • The core index was up 2.2 percent over the 12 months through February, down from 2.3 percent in January.
  • Consumer expectations for inflation
  • did not expect the steep climb in gasoline costs to last.
  • $4 gasoline has lost its shock value,
  • among lower-income households
  • Investor expectations of inflation
  • also been on the rise
  • Production at the nation’s mines, factories and utilities held steady last month after a 0.4 percent gain in January
  • expand moderately
  • Manufacturing output rose 0.3 percent
  • automakers cut production by 1.1 percent after two big monthly gains
  • Carmakers had raised production to meet demand for popular models in short supply
  • The consumer price report showed gasoline prices soared 6 percent last month, the largest increase
  • risen 0.9 percent
  • cushion against rising gas prices at the pump, salaries are not keeping up.
  • strengthening jobs market is providing
  • arnings, adjusted for inflation, fell 0.3 percent last month after slipping 0.1 percent in January
  • Food costs held steady
  • some price relief for households.
  • , airline tickets and used cars and trucks.
  • declines in the prices of tobacco
  • motor vehicle prices recorded their first increase
Mattias Lindell

Monopoly blamed for beef costing far more - The Standard - 1 views

  • Ng Fung Hong is to blame.
  • HK$3,097 per picul - around 60 kilograms - but local retailers have to fork out HK$4,690 per picul instead.
  • s a result, the unfair practice has resulted in the closure of four beef shops since Lunar New Year.
  • ...4 more annotations...
  • By following what we did in the pork market, we will be able to gradually bring down the price of beef to a reasonable level
  • They would be making a profit of HK$516,750 every single day at the expense of our beef sellers
  • Critics were also quick to highlight the flaws in a government document released last week investigating the supply of fresh beef
  • "Besides failing to account for the price differences, the document does not say where it got the data from
senkoffa

Northern Ireland's new five-pence carrier bag tax (BBC News UK) - 3 views

  • Retailers must now charge shoppers at least five pence for each new single-use carrier bag.
  • The department hopes to see an 80% reduction in the use of carrier bags as a result of the levy.
    • senkoffa
       
      The goal is to reduce the consumption in plastic bag usage in supermarkets and stores
  • "If we have a wonderful, clean and green country in the north of Ireland, let's protect it," he added. "I think most people will see the benefit of this and most people will embrace this new proposal."
    • senkoffa
       
      Negative Externalities; Plastic bag will lead to pollution and possible damage to wildlife
  • ...3 more annotations...
  • realised that plastic bags and single use bags were a "threat to our environment".
  • "Although there's been a lot of communication about this there seem to be a few consumers out there not quite ready for it yet.
  • "What we're really talking about here is a culture change and for that to happen it's going to take quite a while to embed, all we're asking for is a bit of patience."
senkoffa

Smokers feel the pinch as France raises taxes (France 24 France) - 0 views

  • French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
  • It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
  • French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
  • ...2 more annotations...
  • “A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
  • The last significant drop in the number of daily smokers in France - 27% fewer from 2002 to 2004 – was prompted by a significant price rise in 2003.
Lucas Hagedorn

UPDATE 6-Oil prices drop sharply, equities and supply weigh | Reuters - 0 views

  •  
    Mine, Mine, Mine.....
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