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Home/ M2016 Economics SL Mr. Friedman/ Contents contributed and discussions participated by Piskin A

Contents contributed and discussions participated by Piskin A

Piskin A

Trouble for China as money flows out - 0 views

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    This particular article conveys information about China's issue of having its money flown out. In 2014 the difference reached 5 billion yuan.
Piskin A

The tragedy of the high seas - 6 views

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    IN 1968 an American ecologist, Garrett Hardin, published an article entitled "The Tragedy of the Commons". He argued that when a resource is held jointly, it is in individuals' self-interest to deplete it, so people will tend to undermine their collective long-term interest by over-exploiting rather than protecting that asset.
Piskin A

Ban cigarette sales on campus - 0 views

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    Namely, this article discerns the idea of whether the authorities should allow the cigarette sales on campus or not. In this article, it is clearly stated that banning the cigarette sales lessen the negative externalities brought with the use of tobacco products.
Piskin A

Colorado marijuana sales rake in $2 million in taxes in January - 4 views

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    This article is about the income of the government by the taxes on marijuana which is legal in Colorado
Piskin A

Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity - 3 views

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    This article covers the responsiveness of demand change regarding the pricing of the tickets of the Super Bowl XLVIII
Piskin A

Price Elasticity of Gas Demand - 2 views

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    This article is about the price elasticity of the gas. It states the fact that even though people are unhappy about the increasing prices, they can't change their habits of consuming the same gas supply which totally means that gas is inelastic in this case and in order for them to change their consumption patterns, there has to be an even greater increase in the gas price
Piskin A

Strong fertiliser demand could be capped by budgetary constraints: Rabobank - 2 views

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    This article is about the problem between the demand for fertiliser and the supply in India. Since there is no budget to increase the supply, it can't satisfy the rate of demand, therefore the equilibrium can't be made.
Piskin A

Kerala firm sets up the largest glove manufacturing unit - Economic Times - 2 views

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    This is an article about a firms's trial to solve the gap of supply for the gloves in India. Kerala is the name of the firm which specializes in centrifuge latex production and by that they get the chance to create the largest market around to produce the gloves for surgery and examination. However, despite making a really though progress, they can only achieve to be the 25% of the required amount of supplies. I think this brings up the idea of the Law of Demand and also the "Giffen Goods" term since there is a huge need for this industrial product and there is no other maintaining enterprise, the prices increase in the same proportion with the demand. This is an extraordinary situation of course and it needs to be handled as fast as it can be. Alp Pişkin
Piskin A

Choc horror: It might be Easter but world is running out of chocolate - 4 views

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    I think that the amount of resources are surpassed by the demand for chocolate which creates a huge problem.
Piskin A

India in danger of moving towards water scarcity condition: Asian Development Bank - 2 views

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    I have chosen this topic because it emphasizes the importance of balancing the number of births per year. It can be seen as a really good thing of increasing the number of your race, but it can be a big problem if the population get out of the control and limits the water per people in the country
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