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Contents contributed and discussions participated by Adam Seldis

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Adam Seldis

Kenya inflation slows to 12.2 pct in May | Reuters - 3 views

af.reuters.com/...idAFJOE84T07420120530

Inflation Monetary Policy

shared by Adam Seldis on 30 May 12 - No Cached
  • inflation slows to 12.2 pct in May
  • fall in
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      This response will be about falling inflation. So I'm hoping to find some information on perhaps why it is falling, to what extent the government played a part, and what might the consequences be?
  • ...6 more annotations...
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      This explains why there was the fall. So it is a cost-push disinflation. I can explain this using a diagram.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      I can now bring in monetary policy and explain not only why a government may wish to lower interest rates (to boost AD) but also how a lowering of inflation might allow this situation.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      I can use this data in my diagrams
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      So I can use this to explain how the government has been using interest rates to lower inflation and what the relationship is between them.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      Could also do some evaluation to suggest that cost-push disinflation is better to have than demand-pull disinflation, as with cost-push disinflation you still get GDP growth.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      I can use this to explain what might happen in the future. What might be the impact of high international commodity prices.
Adam Seldis

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
      Adam Seldis on 30 May 12
       
      This looks like it might a supply issue - so microeconomics supply and demand
  • more than ever before
    • Adam Seldis
      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.
  • rocketing prices as it becomes more desirable for food
    • Adam Seldis
      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.
  • ...9 more annotations...
  • £388 per tonne, which compares to £240 in 2010
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      I can use these numbers on my diagram. 240GBP was the original equilibrium price, 388GBP the new equilibrium.
  • 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
      Adam Seldis on 30 May 12
       
      Again, I can use these figures in my diagram on the Quantity axis.
  • rapeseed oil is actually one of the highest quality vegetable oils, and it has gained a certain culinary respectability over recent years.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      This explains the shift in demand
  • "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
      Adam Seldis on 30 May 12
       
      As does this.
  • The UK's "consistently high yields" of rapeseed have made the crop a success, according to Gagen.
    • Adam Seldis
      Adam Seldis on 30 May 12
       
      This partly explains the shift in supply
  • 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
      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.
  • 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
      Adam Seldis on 30 May 12
       
      Again, this explains the surge in demand. It has a number of different uses. (Called composite demand).
  • 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
      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.
    • Adam Seldis
      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
  • 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.
Adam Seldis

http://www.bie.org/images/uploads/general/20fa7d42c216e2ec171a212e97fd4a9e.pdf - 0 views

www.bie.org/...42c216e2ec171a212e97fd4a9e.pdf

shared by Adam Seldis on 24 May 12 - No Cached
  • Adam Seldis on 24 May 12
     
    Feedback
Adam Seldis

Turkey puts faith in new generation - MarketWatch - 0 views

www.google.com/url

shared by Adam Seldis on 24 May 12 - No Cached
  • Adam Seldis on 24 May 12
     
    @aseldis: RT @TweetEcon: Turkey puts faith in new generation http://t.co/XfNNczOp
Adam Seldis

Charles Holt's Classroom Games Homepage - 0 views

people.virginia.edu/...teaching.html

Public goods

shared by Adam Seldis on 04 Feb 12 - Cached
  • Adam Seldis on 04 Feb 12
     
    "Voluntary Provision of a Public Good"
Adam Seldis

http://people.virginia.edu/~cah2k/publictr.pdf - 1 views

people.virginia.edu/...publictr.pdf

Public goods

shared by Adam Seldis on 04 Feb 12 - No Cached
  • Adam Seldis on 04 Feb 12
     
    Public goods game
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