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Aili Saito

Panasonic may halve its 7,000-strong headquarters ‹ Japan Today: Japan News a... - 0 views

  • aimed at speeding up decision-making
    • Aili Saito
       
      can relate to economies of scale = lack of communication is resolved
  • rival Sony
    • Aili Saito
       
      example of substitute good = XED 
    • Aili Saito
       
      PED will alter
  • been badly hit by the appreciation of the yen,
    • Aili Saito
       
      exports decrease 
  • ...3 more annotations...
  • falling prices
    • Aili Saito
       
      movement on the demand function
  • 772.2 billion yen loss
    • Aili Saito
       
      loss = bad 
  • halve its 7,000-strong headquarters
    • Aili Saito
       
      increase in unemployment
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?
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 
Arla Takala

BBC News - London 2012: Olympic VIP tickets still to sell - 1 views

    • Shani Juds
       
      decrease in demand
    • Shani Juds
       
      lack of interest
    • Arla Takala
       
      isnt it because the tickets are too expensive? 
    • Shani Juds
       
      not everyone is willing and able - mainly able
  • ...9 more annotations...
    • Shani Juds
       
      minimum price
  • unsold.
    • Shani Juds
       
      maximum price - excess supply
  • Prestige Ticketing.
    • Shani Juds
       
      lowering maximum price
  • While many sports fans have struggled
  • The minimum price for that evening of athletics, with fine dining included, is £4,500.
  • minimum
  • With the start of London 2012 now little more than two months away, Prestige Ticketing has decided to change its sales strategy in order to try to offload the remaining supply.
Nayana Devadas

BBC NEWS - Australia's economy grows by more than expected - 1 views

    • Nayana Devadas
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
Sophia Withers

Auckland Airport cuts passenger fees - Business - NZ Herald News - 0 views

  • Aircraft landing charges will increase at a gradual pace over the period with increased volumes forecast implying the airport will attract $98.2 million in fees by 2017 from a forecast $80.1 million in 2013.
    • Sophia Withers
       
      impacts of a tax
  • Moutter said the hike in domestic charges will go towards expanding capacity at the domestic terminal over the next 18 months to let it cope with bigger aircraft being used on local routes. The airport expects to spend $28 million on the upgrade, which will tide it over for a few extra
  • ver the five-year period, Auckland Airport flagged $244.9 million in capital expenditure for pricing, excluding a potential northern runway
tom takakuwa

BBC News - Toyota extends production cuts due to Thailand floods - 0 views

  • The company said production in Thailand will remain suspended, while Japanese units will work at reduced capacity until 12 November.
    • tom takakuwa
       
      Decrease in the supply of cars in Japan
  • Toyota is the world's biggest carmaker.
    • tom takakuwa
       
      As largest car maker in the world, this will impact the market for cars. Increase of price due to less quantity
  • suspension of production in Thailand was expected to resulted in the loss of 69,000 units between 10 October and 5 November.
    • tom takakuwa
       
      Statistics of a decrease in supply
  • ...2 more annotations...
  • to be down by 22,000 units between 24 October and 5 November.
    • tom takakuwa
       
      Also could explain why prices would go up.
  • US and Canada by 50% due to shortage of parts.
    • tom takakuwa
       
      Will also explain a shift in supply because other companies are also not doing as well as anticipated.
  •  
    Toyota has extended production cuts at its factories in Thailand and Japan due to shortage of parts in the wake of floods in Thailand. The company said production in Thailand will remain suspended, while Japanese units will work at reduced capacity until 12 November.
Shoko Kuroda

BBC News - Factory output in Japan weaker than expected in April - 4 views

    • Shoko Kuroda
       
      Demand, indicates that this article is on micro economics, relating to supply and demand
  • output
    • Shoko Kuroda
       
      Output is another word for supply and this can be referenced to micro economics, which is about supply and demand. 
  • ...10 more annotations...
  • China's slowdown and a rising yen for the expected fall.
  • As Japan continues to recover from a devastating earthquake and tsunami last year, the ministry said industrial production continued to improve.
  • Industries that contributed to the slight rise in output included transport, chemicals and electrical machinery.
  • "More crucial is final demand in China,
    • Erica Nozawa
       
      I could draw a demand - supply diagram from this, indicating the declining demand for cars, consequently leading to a drop in supply. 
    • Erica Nozawa
       
      This is because China is a massive economy, and it bears an extremely important role in the Japanese economy, especially after having taken over the second largest economy world wide. 
    • Erica Nozawa
       
      Japan's economy stagnated severely after the earthquake and tsunami. This was due to the rapidly dropping demand from consumers, who deferred purchasing inessential goods. 
  • , demand from China would be the determining factor for continued growth
    • Shoko Kuroda
       
      This quotation indicates the global impact of the Chinese economy. Because a large proportion of Japanese goods' is exported to China, a decrease in demand means that there would be less output. This can be related to the US GDP article, stating that a decrease in demand would make it difficult to produce the good to be either exported or imported and have affect on GDP growth. 
    • Shoko Kuroda
       
      Need to explain how decrease or increase in currency can influence output. 
  •  
    Japan's factory output was weaker than expected in April because of slower demand for electronics goods, especially in China. Output was 0.2% higher in April from March, the Trade and Industry Ministry said. Analysts had forecast a figure of 0.5%. The ministry said it expects output to fall in May, before rebounding in June.
Graeme Lorimer

BBC News - China cuts key interest rates to boost growth - 0 views

  • attempt to boost its slowing growth
    • Graeme Lorimer
       
      GPL vs. GDP curve higher price levels reduces spending and GDP
  • higher rates to savers and lower rates to borrowers.
    • Graeme Lorimer
       
      Encourage spending of money rather than "keeping it under the mattress"
  • more competition
    • Graeme Lorimer
       
      Good for consumers - more competition -> lower rates and more borrowing so there will be more spending and the GDP will rise
  • ...3 more annotations...
  • t's a first step in rate liberalisation
  • curb lending
  • slowdown around the world
    • Graeme Lorimer
       
      China controls everything
Nayana Devadas

Business - Bank of England holds key interest rate at 0.50% - 1 views

    • Nayana Devadas
       
      Monetary policy
    • Nayana Devadas
       
      Interest rates- macro economics- monetary policy
  • main interest rate
  • ...2 more annotations...
  • The economy shrank 0.3
    • Nayana Devadas
       
      Macro
J Hwang

China cuts interest rates - 1 views

  •  
    -macroeconomics -Monetary Policy - China's central bank decided to decrease interest rates -however, the lending rate is still much higher than that in USA, Europe and Japan. -recently China decreased the reserved ratio as well. -Eurozone crisis - decrease in demand for exports - damaging to Chinese economy -previously, China raised interest rates to decrease inflation --> however led to a slowdown in economics growth
Tomomi Nakamura

BBC News - Australian jobs growth hits eight-year high - 0 views

  • Australia's jobs growth has hit an eight-year high after the economy added 38,900 jobs in May, far more than forecast.
    • Tomomi Nakamura
       
      Adding more jobs will help improve the unemployment rate, as there are more jobs available for the people.  This could lead to an economic growth.
  • The data follows better-than-forecast economic growth of 1.3% in the first quarter compared with the previous three months
  • In recent years, Australia's economic boom has been powered by the growing global demand for its natural resources
    • Tomomi Nakamura
       
      Natural resources are scarce resources, so there is always a high demand.  Australia could use those resources to gain money from other countries by selling them.
J Hwang

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

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

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

  • crisis
    • Tomomi Nakamura
       
      This suggests that the article will be about the economic (macro) problems which the eurozone has been going through. 
  • financial crisis
    • Tomomi Nakamura
       
      It is an issue about money, which relates to the GDP of the country.
  • borrowing costs
    • Tomomi Nakamura
       
      It may suggest problems with national debt or interest rates.
  • ...10 more annotations...
  • unemployment rates at devastating levels.
    • Tomomi Nakamura
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      Shrinking the economy is not good, and that may cause more problems which will not help improve economic growth.
Arla Takala

BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views

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

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012 - 1 views

  • seasonal trends
    • Aili Saito
       
      GDP can vary due to seasons - similar to seasonal unemployment
  • business investment
    • Aili Saito
       
      will lead to a decrease in AD
  • The United States economy picked up speed
    • Aili Saito
       
      GDP increase = could express this on an AD/AS graph where the AD shifts to the right as well as AS shifts to to the right (both increase) - also leads to inflation
  • ...7 more annotations...
  • their inventories
    • Aili Saito
       
      production increased
  • consumers increased their spending
    • Aili Saito
       
      consumption increased (leads to a shift in AD to the right)
  • overall weakness
    • Aili Saito
       
      could possibly lead to a recession in the future
  • businesses building up their stock of goods
    • Aili Saito
       
      main reason of increase in GDP is the increase of production and increase of stock (AS related)
  • confidence
    • Aili Saito
       
      consumer/business confidence will lead to an increase in AD
  • the report showed GDP grew only 0.8% in the fourth quarter, compared with 3.2% in the third.
    • Aili Saito
       
      there is a decrease in GDP growth - could possibly lead to a recession (negative GDP growth)
  • too weak to warrant higher interest rates any time soon
    • Aili Saito
       
      as interest rates increase, it will lead to an increase in government revenue/profit for banks but also, a decrease in AD
Aili Saito

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

  • double-dip recession
    • Aili Saito
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
       
      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
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
       
      the government wants to increase business confidence 
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