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Arla Takala

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

www.bbc.co.uk/uk-18073585

Micro Economics Demand & Supply Maximum Price

shared by Arla Takala on 08 Jun 12 - No Cached
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      decrease in demand
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      lack of interest
    • Arla Takala
      Arla Takala on 08 Jun 12
       
      isnt it because the tickets are too expensive? 
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      not everyone is willing and able - mainly able
  • ...9 more annotations...
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      minimum price
  • unsold.
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      maximum price - excess supply
  • Prestige Ticketing.
    • Shani Juds
      Shani Juds on 08 Jun 12
       
      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.
Aili Saito

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
  • 25 per cent cut in a subsidy regime that is worth some £400m a year to the industry
  • 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
  • Climate Change's attempts to stimulate renewable energy are being hamp-ered by Treasury intervention
  • 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
Mo Settles

Union Jack brings boom for British business - CNN.com - 1 views

edition.cnn.com/...index.html

shared by Mo Settles on 06 Jun 12 - No Cached
    • Mo Settles
      Mo Settles on 06 Jun 12
       
      Demand and Supply
  • current form since 1801,
  • flag isn't licensed, anyone can print their own patriotic paraphernalia without having to pay any royalties.
  • ...12 more annotations...
  • Prince William's wedding to Catherine Middleton last year to the Queen's Diamond Jubilee this weekend
  • But Britain's famous flag has had a chequered past, and wasn't always so coveted
  • Waistle says orders are "three to four times'" higher now than during the Royal Wedding
  • We've sold out of bunting and paper napkins, even the paper plates."
  • most companies are cutting staff, Waistle plans to recruit a full-time tech specialist to help with the pick
  • up in traffic on his websites
  • says sales are up at least 20% on last year, across the chain's three West End stores.
  • sales as "much busier"
  • Peering up at 147, 12 foot-high flags adorning London's shopping district, Brenda Tode shows off her new Union Jack top to classmates on a school trip from Berlin.
    • Mo Settles
      Mo Settles on 06 Jun 12
       
      Consumer ConfidenceIncome (Normal Goods, Inferior Goods)NeedPopulationQualityFashion Price of goodPrice of complementary goodsAdvertisement 
  • Big business has long been aware of the economic benefits the nation's symbol of unity can bring. More than a decade ago British Airways and Virgin Atlantic fought over the use of the country's colors on their livery.
  • The flag isn't licensed, so anyone can print patriotic paraphernalia
  • Mo Settles on 06 Jun 12
     
    My first IA
Cynthia Huang

Fed unveils new bond-buying program - Taipei Times - 1 views

www.taipeitimes.com/...2003542773

unemployment economic growth inflation

shared by Cynthia Huang on 15 Sep 12 - No Cached
  • holding their money unused would essentially cost them
  • keep its benchmark interest rate at ultra-low levels until at least the middle of 2015
  • pushing up the prices of homes, stocks and other assets
  • ...2 more annotations...
  • going to provide the demand most firms need to be able to hire or invest.
  • The jobless rate would still be in the 6.7 to 7.3 percent at the end of 2014, while inflation would remain at or below the Fed’s 2 percent target through 2015
Erica Nozawa

Second IA - 1 views

www.bbc.co.uk/...and-scotland-business-19420315

shared by Erica Nozawa on 06 Sep 12 - No Cached
  • Erica Nozawa on 06 Sep 12
     
    Can I use this article Mr. Seldis?
Nayana Devadas

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

m.bbc.co.uk/...business-18336521

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
Aili Saito

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

money.cnn.com/...index.htm

shared by Aili Saito on 07 Jun 12 - No Cached
  • seasonal trends
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      GDP can vary due to seasons - similar to seasonal unemployment
  • business investment
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      will lead to a decrease in AD
  • The United States economy picked up speed
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      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
      Aili Saito on 07 Jun 12
       
      production increased
  • consumers increased their spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      consumption increased (leads to a shift in AD to the right)
  • overall weakness
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      could possibly lead to a recession in the future
  • businesses building up their stock of goods
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      main reason of increase in GDP is the increase of production and increase of stock (AS related)
  • confidence
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      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
      Aili Saito on 07 Jun 12
       
      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
      Aili Saito on 07 Jun 12
       
      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

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 
Arla Takala

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

www.bbc.co.uk/...and-scotland-politics-18160832

shared by Arla Takala on 07 Jun 12 - No Cached
  • Scottish minimum alcohol pricing passed by parliament
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Microeconomics - Minimum price on alcohol in Scotland
  • minimum drink pricing
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      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
      Arla Takala on 07 Jun 12
       
      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
      Arla Takala on 07 Jun 12
       
      The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol
  • alcohol
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      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
      Arla Takala on 07 Jun 12
       
      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
      Arla Takala on 07 Jun 12
       
      The increase in price of alcohol would cause a reduction in demand
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Minimum price causes a surplus in the market because supply exceeds demand
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      This causes a reduction in market size 
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal
Emily Hoshi

BBC News - China inflation growth dims hopes of interest rate cut - 0 views

www.bbc.co.uk/...business-17655152

shared by Emily Hoshi on 24 Sep 12 - No Cached
  • inflation
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      definition for inflation 
  • interest rate
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      definition for interest rate
  • costs pushed up
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      definition for cost push inflation
  • ...15 more annotations...
  • Consumer prices grew by 3.6% in March from a year earlier, up from 3.2% in February. Analysts had forecast an increase of 3.3%.
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      graph showing the increase in consumer prices 
  • set a target of 4% for 2012.
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      the effect of setting a 4% inflation (?) --> graph and show
  • central bank to hold back on monetary policy easing for now.
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      the reason why (?)
  • stronger-than-expected inflation could slow down the pace of monetary policy relaxin
  • China's economy grew by 8.9% in the three months
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      giving reasons to it why their economy is slowing down 
  • slowest pace of growth in more than two years.
  • markets such as the US and eurozone.
  • slowing demand for its exports
    • Emily Hoshi
      Emily Hoshi on 24 Sep 12
       
      point this in the graph 
  • China's central bank has been easing its monetary policy in recent months.
  • sustain its pace of growth
  • boost
  • cut the amount of money banks must keep in reserve
  • sustain economic growth
  • speculation that the central bank may cut the cost of borrowing in a further attempt to boost growth.
  • money at low rates may push consumer prices higher.
  • Emily Hoshi on 24 Sep 12
     
    Mr. Seldis: Is this okay for my IA2?
Nayana Devadas

BBC News - Bank of England sees worse inflation outlook - 0 views

www.bbc.co.uk/...business-19647433

shared by Nayana Devadas on 19 Sep 12 - No Cached
  • Under QE, the Bank buys government bonds,
  • hold at 0.5% and to not increase the QE programme above £375bn.
  • more likely than not to be needed in due course".
  • ...6 more annotations...
  • increase in utility
  • fell to 2.5% in August, down from 2.6% in July.
  • Inflation is now much closer to the Bank of England's 2% target, having dropped from a peak of 5.2% in September last year.
  • felt extra stimulus would be needed in the future.
  • inflation is unlikely to slow
  • he near-term outlook was for a less rapid fall in inflation
Cynthia Huang

More foreign currencies sold -- Shanghai Daily | 上海日报 -- English Window to Ch... - 0 views

www.shanghaidaily.com/...%2Bforeign%2Bcurrencies%2Bsold

currencies exchange rates

shared by Cynthia Huang on 19 Sep 12 - No Cached
  • BANKS in China sold more foreign currencies in August than July
  • yuan funds
  • fell by 17.4 billion yuan last month from July to 25.6 trillion yuan
  • ...6 more annotations...
  • apparent capital outflow from China due to the weak economic situation
  • outflow occurred as the yuan weakened against the US dollar
  • exchange rate fell from 6.3146
  • to 6.3449
  • predicts the outflow to cease
  • quantitative easing moves by the US Federal Reserve may increase liquidity worldwide and fuel the risk appetite of investors
Cynthia Huang

Islands spat may hit supply chain - Taipei Times - 0 views

www.taipeitimes.com/...2003543095

imports_exports

shared by Cynthia Huang on 19 Sep 12 - No Cached
  • supply chain disruptions amid the heightened territorial dispute
  • well-known Japanese companies to suspend their operations at various Chinese plants.
  • Japanese firms ship critical auto parts to Taiwan
  • ...5 more annotations...
  • shipped onward to assembly plants in China
  • apan is Taiwan’s top importing country
  • China is Japan’s top exporting and importing country
  • adding value before
  • supply chain disruptions
Erica Nozawa

BBC News - India inflation rate rises faster than expected - 0 views

www.bbc.co.uk/...business-19596233

shared by Erica Nozawa on 15 Sep 12 - No Cached
  • India inflation rate rises
  • Higher food prices
  • mainly behind the rise
  • ...7 more annotations...
  • decide interest rate policy.
  • central bank policymakers with a "tricky call".
  • government cut fuel subsidies, which will force up prices.
  • The fundamentals don't justify a rate cut at this point of time because the inflationary expectations are still quite high.
  • The quantitative easing in the US is also likely to push up global commodity prices and add to inflation
  • needs a boost from lower interest rates
  • industrial output rose by just 0.1%
  • Erica Nozawa on 15 Sep 12
     
    My Macro Economics IA article.
Kat Whatley

Inflation rate sinks to lowest since GFC - 0 views

www.smh.com.au/...-since-gfc-20120702-21bvc.html

shared by Kat Whatley on 15 Sep 12 - No Cached
  • Kat Whatley on 15 Sep 12
     
    My Macro Economics IA article. About inflation rates in Australia.
tom takakuwa

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

www.bbc.co.uk/...business-15587229

shared by tom takakuwa on 05 Jun 12 - No Cached
  • The company said production in Thailand will remain suspended, while Japanese units will work at reduced capacity until 12 November.
    • tom takakuwa
      tom takakuwa on 08 Jun 12
       
      Decrease in the supply of cars in Japan
  • Toyota is the world's biggest carmaker.
    • tom takakuwa
      tom takakuwa on 08 Jun 12
       
      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
      tom takakuwa on 08 Jun 12
       
      Statistics of a decrease in supply
  • ...2 more annotations...
  • to be down by 22,000 units between 24 October and 5 November.
    • tom takakuwa
      tom takakuwa on 08 Jun 12
       
      Also could explain why prices would go up.
  • US and Canada by 50% due to shortage of parts.
    • tom takakuwa
      tom takakuwa on 08 Jun 12
       
      Will also explain a shift in supply because other companies are also not doing as well as anticipated.
  • tom takakuwa on 05 Jun 12
     
    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.
Yihan Li

BBC News - UK unemployment falls again in three months to July - 0 views

www.bbc.co.uk/...business-19569316

shared by Yihan Li on 14 Sep 12 - No Cached
  • unemployment falls
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Decrease in unemployment = increase in demand 
  • The unemployment rate was 8.1%, down 0.1% on the previous quarter.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Even though unemployment is lower, its still high
  • The ONS said the Olympic Games was likely to have been a factor behind the jump in employment, with London accounting for 91,000 of the increase.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Seasonal employment, employment created by one-time event. Might rebound after the end of olympic 
  • ...1 more annotation...
  • The number of people in work increased by 236,000 to 29.6 million, the largest quarterly rise for two years.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Bigger work force, smaller increase in supply--> high unemployment
  • Yihan Li on 14 Sep 12
     
    unemployment falls
Adam Seldis

New Zealand Dollar in September « econfix - 0 views

econfix.wordpress.com/...ew-zealand-dollar-in-september

shared by Adam Seldis on 03 Oct 12 - No Cached
  • Adam Seldis on 03 Oct 12
     
    Exchange rates
Yihan Li

BBC News - Federal Reserve to buy more debt to boost US economy - 0 views

www.bbc.co.uk/...business-19592151

shared by Yihan Li on 14 Sep 12 - No Cached
  • buy "additional agency mortgage-backed securities at a pace of $40bn (£25bn) per month".
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Buying the securities increases the supply of money in the market
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Increase in supply of money is used to expand aggregate demand
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      (evaluation) talk about the merits and demerits of increase in AD
  • nterest rates in the US have been close to zero for several years now, and the Fed again kept them at below 0.25% on Thursday.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Low interest rate keeps aggregate demand high -> more spending and investment 
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Draw interest rate vs quantity of money diagram
  • quantitative easing
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      quantitative easing = A monetary policy used to increase the money supply by buying government securities or other securities from the market
  • ...7 more annotations...
  • "We doubt it will be enough to get the economy on the right track. It's only a matter of time before speculation begins as to when the Fed will raise its purchases from $40bn a month."
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      (evaluation) not enough money is spent by Federal Reserve 
  • the central bank buys bonds to keep the long-term cost of borrowing down.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Increase in supply of money keeps cost of borrowing (long-term interest rate) low
  • The unemployment rate in the US has been above 8% since January 2009, but the current 8.1% is down from the recent high of 10% in October 2009.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      high unemployment = the economy is not doing well. 
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      The main reason why Fed implemented the policy 
  • US presidential election.
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      The decision is influenced by political factors 
  • Ben Bernanke also lowered the Fed's growth forecast for the US economy to 2% this year, down from the 2.4% it predicted in June
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Fed decided to implement the policy because economy is not growing quickly enough 
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Draw a AD-AS diagram to explain the results of AD shift on economy 
  • "The committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,
    • Yihan Li
      Yihan Li on 14 Sep 12
       
      Without Fed's help, unemployment may increase or be stagnant. Maybe talk about Okun's law, which states that 3% increase in output corresponds to a 1% decline in the rate of unemployment
  • Federal Reserve to buy more debt to boost US economy
    • Yihan Li
      Yihan Li on 17 Sep 12
       
      Why using monetary policy, not using fiscal policy? What are other options?  
Nofar Lapidot

Boost in US exports could create 5m jobs by 2020 -- Shanghai Daily | 上海日报 -- ... - 0 views

www.shanghaidaily.com/...create%2B5m%2Bjobs%2Bby%2B2020

economic growth Balance of Payments exports shanghai daily jobs

shared by Nofar Lapidot on 22 Sep 12 - No Cached
  • Nofar Lapidot on 22 Sep 12
     
    Increase in exports may cause lowered un employment
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