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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
    • Jin Seo
      Jin Seo on 31 May 13
       
      Example of a real life monopoly 
    • Jin Seo
      Jin Seo on 31 May 13
       
      Total cost > total revenue 
  • ...3 more annotations...
  • net loss of $492m
  • profit of $5.87bn
  • $18bn
  • Jin Seo on 31 May 13
     
    Microsoft first loss as a public company
1More

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"
1More

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
20More

Indonesia Struggles to End Fuel Subsidies - NYTimes.com - 2 views

www.nytimes.com/...03iht-subsidy03.html
shared by Kenji Tanoto on 31 May 13 - No Cached
  • aggressive subsidies,
  • skyrocket
  • burning a hole in the budget
  • ...16 more annotations...
  • $23 billion in 2013
  • $20 billion last year
  • $32 billion
  • 20 percent of the 2013 budget
  • fuel subsidies annually than it does on social programs and capital expenditures combined
  • revive a cash compensation program for poor families to cushion the blow
  • all other prices go up
  • two-tier gasoline pricing
  • public transportation vehicles would continue to pay 4,500 rupiah per liter
  • private vehicle and commercial vehicles like delivery trucks and company cars would pay 6,000 rupiah, a 33 percent increase.
  • 6,500 rupiah per liter.
  • the country had the lowest fuel prices of any net oil-consuming nation in the world
  • Savings from eliminating or reducing a fuel subsidy could go to crucial public social programs including health care, as well as much-needed infrastructure investment, according to analysts
  • Ms. Natalia
  • About 29 million Indonesians live below the country’s national poverty line — 250,000 rupiah per person per month or 1,250,000 rupiah per family per month, and in urban areas, 350,000 rupiah per person per month or 1,500,000 rupiah per family per month. A further 70 million, categorized as near poor, live just above that line. Didik Rachbini, a prominent economist and member of Mr. Yudhoyono’s National Economic Council, which comprises economists and leading businessmen and advises the president on economic policy, said the government had a longstanding fear that increasing the price of fuel would push tens of millions of near-poor Indonesians below the poverty line.
  • country’s rich benefit from them far more than its poor do
  • Kenji Tanoto on 31 May 13
     
    Indonesia Fuel Prices
19More

BBC News - UK economy in double-dip recession - 1 views

www.bbc.co.uk/...business-17836624
shared by Aili Saito on 07 Jun 12 - No Cached
  • double-dip recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))
  • 25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the government wants to increase business confidence 
8More

Paul Krugman attacks Britain's austerity drive as 'deeply destructive' | Business | gua... - 2 views

www.guardian.co.uk/...n-austerity-deeply-destructive guardian
shared by Isabella Yamamoto on 31 May 12 - No Cached
  • increasing it by 2% of GDP
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      I can talk about the multiplier effect and how increasing in spending can lead to a boost in AD
  • austerity policy as "deeply destructive"
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      I can look at the argument made for increasing spending during a recession, and look at the argument made against.
  • to do so would be to admit its mistake
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      Perhaps I could look at how political interests can mean that policies do not always pass policies that are in the best interest of a countries economy.
  • ...1 more annotation...
  • 30% of unemployed people having been out of work for 52 weeks or more, compared with 9.5% in 2008.
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      How austerity measures reduce spending in public + private sectors. How that leads to more jobless. Can also look at structural unemployment and how AD will continue to fall because of lower income per capita.
25More

Spain in eurozone crisis cross-hairs - CNN.com - 0 views

edition.cnn.com/...index.html
shared by Tomomi Nakamura on 07 Jun 12 - No Cached
  • crisis
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      This suggests that the article will be about the economic (macro) problems which the eurozone has been going through. 
  • financial crisis
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      It is an issue about money, which relates to the GDP of the country.
  • borrowing costs
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      It may suggest problems with national debt or interest rates.
  • ...10 more annotations...
  • unemployment rates at devastating levels.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Low unemployment rate is one of the macroeconomic objectives.  However, the unemployment rate is very high, and that is not good for the economy.
  • bad investments
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Investment is a factor that influences GDP in the equation AD=C+I+G+(X-M), and if there is bad investment, the I component will decrease, which will also decrease the GDP value.
  • When the economy collapsed in 2008, people lost their jobs -- and with them their homes.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      When people lose jobs, it will increase the unemployment of that country.  Houses are the most valuable objects that a person owns, and if they lose their homes it will have a huge impact on their lives.
  • strengthening the banking sector.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      They may be doing something to improve the economy's flow of money, debts, etc.
  • Spain also has an unemployment crisis, with more than half those under 24 out of work, and almost one in four people overall. Spain's jobless rate has helped pushed the eurozone's total unemployment rate to 11% -- its highest since the eurozone was created in 1999
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      High unemployment has bad influence to the economy of Spain, which could also have an effect on other countries of the eurozone.
  • The situation in Spain is developing like a "perfect storm," with money being pulled out of the country, despite the desperate need to stem capital flight and support its banking system.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Issues with the flow of money.  Leakage will lead to a decrease in economic growth.
  • This leaves Spain in a precarious financial state, driving investors away, pushing up its borrowing costs and making it more likely to need a bailout.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      There will be less investment which will decrease GDP, and if the country needs to borrow more money, their debt will continue to increase.
  • money being pulled out of the country
  • The retirement age has been raised from 65 to 67, while public sector wages and welfare payments have been cut.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Raising the retirement age may decrease the number of people who are unemployed, but lowering the wages may be a disincentive to the workers.
  • Academics and financiers are also wading into the policy debate, with billionaire George Soros saying in a speech this month that the "wrong remedy" has been applied to the crisis. "You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it," he said.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Shrinking the economy is not good, and that may cause　more problems which will not help improve economic growth.
8More

California cigarette tax vote too close to call - CNN.com - 1 views

edition.cnn.com/...index.html
shared by Isabella Yamamoto on 06 Jun 12 - No Cached
  • cigarettes
  • The money is going to be invested in cancer research here in California and on tobacco prevention
  • stop kids from smoking
    • Isabella Yamamoto
      Isabella Yamamoto on 06 Jun 12
       
      Higher prices will be a disincentive to buying cigarettes 
  • ...3 more annotations...
  • it will heavily affect poorer Americans, who are more likely to smoke
    • Isabella Yamamoto
      Isabella Yamamoto on 06 Jun 12
       
      Poorer Americans have more inelastic PED's
  • the state's ban on smoking in public places,
  • Some grant proposals that currently go unfunded would find a source of revenue, he said.
9More

Windfarm subsidy faces huge cut - Green Living - Environment - The Independent - 1 views

www.independent.co.uk/...dy-faces-huge-cut-7813595.html
shared by Aili Saito on 18 Jun 12 - No Cached
  • swingeing cuts in state support for onshore wind-farms
    • Aili Saito
      Aili Saito on 18 Jun 12
       
      Subsidy Supply like (Ssub) will alter -> shift to the left
  • Climate Change's attempts to stimulate renewable energy are being hamp-ered by Treasury intervention
  • a reckless act of political opportunism
  • ...5 more annotations...
  • onshore wind power was expensive compared with gas and that it would drive up fuel poverty
  • 25 per cent cut in a subsidy regime that is worth some £400m a year to the industry
  • is to have more onshore renewable energy, which requires lower levels of subsidy, and less offshore, which requires more.
  • It is crackers to kill dead the deployment of the cheapest renewable technology if you genuinely are worried about the cost
  • demanding cuts to the multimillion-pound public subsidies for wind-farms
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