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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"
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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
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BBC News - Spanish unemployment hits record 5.64 million - 0 views

www.bbc.co.uk/...business-17866382
shared by Derek Schwung on 31 May 12 - No Cached
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Current unemployment rates in Spain
  • Monday are expected to confirm that Spain has fallen back into recession.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      A result/consequence of the unemployment levels. 
  • ...17 more annotations...
  • 0.4% in first three months of this year, after shrinking by 0.3% in the final quarter of last year.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Decrease in GDP is a cause for the high unemployment. 
  • Spanish retail sales were down 3.7% in March from the same point a year ago, the 21st month in row sales have fallen.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Sales = consumer spending. Less consumer spending/confidence will result in a decrease in GDP
  • The rate has risen sharply since April 2007, when it stood at 7.9%.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Comparison to what the unemployment figures before the recession. 
  • The new government has announced reforms to the labour market, including cutting back on severance pay and restricting i
  • nflation-linked salary increases, that it hopes will ease the problem.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      What spain is doing to remedy the unemployment. 
  • The government has also introduced drastic spending cuts designed to reduce its debt levels and meet deficit targets agreed with the European Union. These cuts are contributing to Spain's economic contraction.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Even though government expenditure would increase the AD/GDP, which would result in more employment, Spain is being forced to reduce government spending. 
  • S&P predicts the Spanish economy will shrink by 1.5% this year, having previously forecast 0.3% growth.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Large decrease in GDP 
  • "We believe that the new government has been front-loading and implementing a comprehensive set of structural reforms, which should support economic growth over the longer term," S&P said. "In particular, authorities have implemented a comprehensive reform of the Spanish labour market, which we believe could significantly reduce many of the existing structural rigidities and improve the flexibility in wage setting."
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Solutions to the problem by analysts. 
  • The yield on 10-year bonds rose to 5.96%, up from 5.81%, suggesting investors were becoming more wary of Spain's ability to repay its debts.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Investors are also key in GDP, which would boost economy, but they are weary. 
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Euro-Zone Inflation Slows - WSJ.com - 0 views

online.wsj.com/...3552104577437770403703522.html
shared by Derek Schwung on 31 May 12 - No Cached
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Macroeconomics - Government Policy Tools ECB and Monetary policy Inflation level is slowing down. 
  • The annual rate of consumer-price growth in the 17 nations that use the euro slowed to 2.4% in May from 2.6%
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Consumer-price growth is states as cause. 
  • ...4 more annotations...
  • The statistics office's preliminary release didn't give a breakdown to show why inflation fell.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Doesn't give reasons to why --> gives you more room to analyze. 
  • May's reduction in the euro-zone inflation rate still leaves price growth above the ECB's target level of just below 2%
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Reaches target 
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BBC News - India growth rate slows to 5.3% in first quarter - 0 views

www.bbc.co.uk/...business-18275858
shared by Yihan Li on 31 May 12 - No Cached
  • India growth rate slows to 5.3% in first quarter
  • India growth rate slows to 5.3% in first quarter
  • Yihan Li on 31 May 12
     
    Indian economy slowing down 
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 0 views

www.nytimes.com/...s-to-2-2-rate-report-says.html
shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      GDP, Growth Domestic product is in the section of macro economics
  • The economic recovery slowed more than expected early this year,
  • an annual rate of 2.2 percent in the first quarter, down from 3 percent at the end of last year,
  • ...18 more annotations...
  • It was the first deceleration in a year, but it was not nearly as severe as other setbacks in the last couple of years.
  • Mitt Romney
  • insisting that the president has held back the recovery and intends to do further damage.
  • White House focused on
  • solid growth in consumer spending and a surge in residential building.
  • the private sector is continuing to heal from the financial crisis,” said Alan Krueger, chairman of the president’s Council of Economic Advisers.
  • subsidize the employment of teachers and first responders to emergencies.
  • Economists initially predicted a much weaker showing in the latest quarter, partly because of a large accumulation of inventories in the fall and winter that needed to be worked off. But in the last few weeks, expectations rose on strong jobs reports and rising consumer confidence.
  • Consumer spending did turn out to be the major strength
  • Business investment, which had been a bright spot, declined in the most recent quarter.
  • Government spending also fell more than anticipated,
  • thanks in part to a particularly large drop in military outlays.
  • Consumer savings declined.
  • decline in business investment.
  • Businesses spent more on equipment and software but much less on infrastructure.
  • in construction related to mining, oil and gas, while manufacturers actually increased their spending on factories and office buildings.
  • another significant slowdown, saying that last year’s hiccup was the result of a series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Japanese earthquake.
  • Stagnation in Europe and a slowing of China’s breakneck expansion have weakened global demand even as corporate profits have continued to outpace expectations.
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Student loan debt continues to rise - latimes.com - 0 views

www.latimes.com/...t-rise-20120531,0,543907.story
shared by Yayoi Tanikawa on 01 Jun 12 - No Cached
  • Student loan debt continues to rise
    • Yayoi Tanikawa
      Yayoi Tanikawa on 01 Jun 12
       
      and this will decrease GDP
    • Yayoi Tanikawa
      Yayoi Tanikawa on 01 Jun 12
       
      national debt will increase
  • The rise in student debt contrasted with a decline in overall indebtedness among American consumers
  • pile on loans to pay for college and graduate school
  • ...1 more annotation...
  • "Student loan debt continues to grow even as consumers reduce mortgage debt and credit card balances,"
    • Yayoi Tanikawa
      Yayoi Tanikawa on 01 Jun 12
       
      students may not be able to get full time jobs, so they won't have as high a salary to pay off debts compared to someone who has a full time job
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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.
25More

Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views

www.nytimes.com/...n-may-jobless-rate-at-8-2.html
shared by Shoko Kuroda on 04 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The title of the article indicates that it is about unemployment which is in the field od macroeconomics. 
  • global slowdown as the European crisis escalates.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This sentence indicates the correlation between the unemployment fear of workers in America and the European crisis with countries referred as 'PIGS'. 
  • ...22 more annotations...
  • the nation’s employers added the fewest jobs in a year and the unemployment rate actually rose,
  • serious vulnerability for President Obama as he faces re-election
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The significance of unemployment rate is clearly indicated, such as the the impact on Obama's re-election. 
  • The unemployment rate rose to 8.2 percent in May from 8.1 in April, though largely because more people began looking for work.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate. 
  • another recession.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The word 'recession' can used to introduce the Keynesian economics with the boom and the busts cycles and monetary and fiscal policies to reduce these cycles. 
  • The report on American jobs added to the global pall that has deepened with Europe’s debt crisis and slowing growth in China and India.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods. 
  • Yields on United States and German government bonds also slumped as investors bid up the bonds’ prices looking for safety.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The decrease in the prices of government bonds in Germany and United States indicates that the citizens dont have the trust to these countries for their skill to return the money with a fixed amount of tax. This is also another indication for the economy not doing well. 
  • The underlying pace of the domestic economy is a slog, driven by manufacturing and restrained by slackening global demand.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The main factor of decrease in America's GDP is stated as the overall decrease in the demand for goods since many economies are not successful. 
  • “Manufacturers are very concerned about Europe because a blowup in Europe means a global slowdown,”
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Europe can be noted as one of the important continents which greatly affect the global economy. 
  • diverse,
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Whether a company has a diverse target audience or not can be a indicator to determine the impacts of global slow down in markets. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      A graph illustrating a global decrease in demand can be applied to draw the consequences of decrease in GDP. 
  • Obama’s economic policies.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The economic policies which President Obama used can be described thoroughly in this section, such as fiscal and monetary and their success. 
  • The May jobs report showed gains in health care, transportation and warehousing, and wholesale trade, while construction jobs fell by a seasonally adjusted 28,000. Even some bright spots, like booming auto sales, failed to meet expectations or to bolster manufacturing employment by much — only 12,000 jobs.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Both the positives and the negatives of America's economy can be explained more in depth and the impact of each factor to the market. 
5More

Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views

www.nytimes.com/...n-may-jobless-rate-at-8-2.html
shared by Shoko Kuroda on 04 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This implies structural unemployment, which is the kind when unemployment is caused due to change in structure, such as applying machinery as to human beings. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Another factor for increase in unemployment is caused by cutbacks. This can then be related to the success of the firms. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Structural unemployment can be drawn as a graph. 
  • ...2 more annotations...
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      As well as drawing the season unemployment graph, an explanation as to how seasonal unemployment is caused can be described. The causes of seasonal unemployment needs to be related to the increase in unemployment rate in USA between last Winter and May. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      A graph indicating the consequences of decrease in consumer confidence and how it shifts AD to the left can be shown through a graph. Increase in demand for a higher price of unemployment benefits can be drawn on a graph illustrating the impact on GDP. A brief explanation of consumer confidence and the basic components of GDP should be mentioned and explained. 
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