Group items tagged

Here I found an article that highlights the potential economic threat of Emirates in the American Market. This article basically suggests that the demand for the flights in the US is really high, therefore, Emirates wants to initialize new flights to the US, however, Delta and American Airlines are strictly against the presence of Emirates in the American market. Thus, this article shows how markets can be competitive and substitutes could affect the whole market and prices. It's undoubtedly true that the other commercial airlines should lower their tickets' prices in order to gain more quantity of demand. That's why, the market would be more competitive if Emirates expands in the USA.

This Article talks about the governments responsibility towards the markets, they should not just fix the markets and the problems with the markets such as negative externalities, but they should create new markets.

This article discusses how emerging markets' blatant usage of protectionism, like that of Brazil raising tariffs on 100 sectors last October (2013) to defend is declining industrial base, is a threat to free trade and WTO's views on the matter.

This is an article about apple's newest product 'Apple Watch'. The author simply brings a a topic that bothers me too on to the table and critizices Apple on that which is that this product being compatible with only other Apple Products. More than that it is compatible with the "newest" Iphones and very expensive. Mr Roy simply says that this is a missed opportuinity for Apple because if they had lowered the price and made their product for non-apple users too they could have doubled their addrasable market. So, I believe this is an article about opportunity cost because Apple has lost its opportunity open up to millions of extra buyers in order to gain more money. Their opportunity cost was their addressable market. (Sorry everbody, I added this 2weeks ago, but apparently I forgot to share it, so here we go :)) Sinem Sınmaz

Hey, I like that you've linked this article with the opportunity cost however I also think that this article links to the Law of Demand as well since the demand curve of the Apple products experiences change in 'ceteris paribus' determinants.The launching of a new Apple watch has broadened the targeting costumers of the Apple products, since now they also have support from the buyers who would rather buy an expensive smart watch, than a tablet or laptop. This is similar to launching the IPod in 2001, when Steve Jobs attracted more buyers who were music lovers, and thus increased the demand in the product without decreasing the price of the same. This change has an effect on the demand curve, because it shifts the curve to the right since the demand of the Apple products increases. Andjela :)

Despite being partially right about claiming if they have lowered the price they could earn more, I also think that by increasing their prices and only providing compatibility between their own devices make it compulsory for people to buy not 1 device from Apple but more since they are only compatible with each other.

In his article, Roberto De Vogli, discusses how obesity is a kind of market failure. Aapart from the comon view that obesity is "an effect of specific individual and lifestyle choices," Roberto De Voglie argues that "the problem is largely a byproduct of deeper political and economic changes in society.". Apart from discussing the reasons for this failure, he propeses a solutions. He says an ulta-processed food tax" must be introduced on fast foods and the revenue coming from this tax must be used as a subsidy fruits, vegetables and healhty foods.

The decreased production of bananas means there is an excess of demand for bananas. The shortage of bananas demonstrates how to correct and balance the market, the banana increases in price for the market to be in equilibrium. The excess of demand automatically forces the price to increase, demonstrated by the 16% increase, until the market is at equilibrium.

This article talks about scarcity and how it can be used in marketing. Pliny the Elder is a type of beer is very sought after but they do not make a lot of it. Therefore people find it more valuable because there is less of it.

The price of condoms in Venezuela have skyrocketed to $755 a pack due to a collapse in oil prices. This is an example of market failure with dire consequences. Venezuela has one of the highest HIV infection and teenage pregnancy rates in South America. The collapse in oil prices has caused shortages in many basic products.

Besides posing a threat to the international community, Ebola also threatens the small businesses. A small shop, called Bridal and Formal, is one of those shops that is deeply affected by that virulent disease. Since a nurse who lives in Dallas looked for a dress for three hours, the shop is closed until the 4th of October. This information shows that ebola is one of the reasons why demand would decrease for a small business. In order to establish a new market equilibrium point, the quantity of supply in the market will be decreased, therefore the market will be fully affected by a case of Ebola in a particular area.

Prices of robusta coffee beans are up 13% in the past year because of rising global demand, especially among price-conscious consumers in emerging markets like Russia and Brazil. This article shows how price is affected by demand.

This article is about the change of coffee demands and how it affects coffee firms.

This article addresses several economic issues, like the US dollar inflation that is now not even backed by real gold, the demand and supply of gold, the dramatic reduction of this product in certain markets, and how this will affect the market overall.

Here is an example of a market failure. The pharmaceutical drug is being sold at a price too high for consumers. The Canadian government plans to impose a price ceiling on the good.

This article discusses the concept that when energy stocks declined, other businesses find the balance in demand and supply. However the market is concerned about is a gravitational pull downward due to slower global growth.

This article discusses the need for oil and how increase in demand in certain areas of the world cancel out decreases in other parts creating a worldwide balance. It also discusses what would happen were some factors to change e.g. increased interest in renewable fuels

This article suggests ways for firms to invest their resources, or money. It talks about where money should be put in for the maximal profit.

This article talks about emerging markets, and bail out plans

AMMAN: The Central Syrian Bank raised on Tuesday the exchange rate on the Syrian pound and the US dollar pertaining to remittances and imported goods, in what economists described to Syria Direct as an attempt to prop up the regime's dwindling foreign currency reserves.

Taiwan Cement said it has raised prices in Guangdong province because of rising demand in China's market. This will benefit Taiwan Cement's profit. This is closely related to the demand curve and assumption that due to high demand, product prices will rise.

Australia did not get as much access to the US market for sugar under a new Pacific trade deal as it wanted but secured benefits for local industries.

This article talks about Kirk Liefer, a soybeam, wheat and corn farmer who trades his products nationally and internationally. He is in the Illinois Agricultural Leadership Program and will travel to Japan in 2016. He has previously traveled to Brazil with the Illinois Farm Bureau's Young Leader Program to learn about global markets. In general the article suggests how International trade enhances culture and how education and travelling is important to understand and work with different nations and consumers.