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

Contents contributed and discussions participated by Tutar A

Tutar A

Running out of time - 2 views

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    This article gives an overview of the American business cycle starting from World War 2 to the present time. It also gives information about the Fed's fiscal policy.
Tutar A

Macroeconomic News - 0 views

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    This article is taken from an online newspaper, London South East. It can be deliberated in two ways. When we consider that consumer expenditure has shown an upward trend in the third quarter, we can say that agreegate demand has incresed. On the other hand, it can be seen that investments for firms increased considerably and therefore this could cause the aggregate supply to increase.
Tutar A

Pyramid scheme - 1 views

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    This article gives information about Egypt's current situation by analysing its GDP% increase in every year. It can be seen that GDP increase dipped into 2% with the arrival of political uprisings. The government hopes to restore its economy by the help of Foreign Direct Investments, which the Egyptian government currently lacks.
Tutar A

Could Greece Make Fiscal Deficits Hip Again? - 0 views

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    The article I posted explains how the new government in Greece would respond to the economic crisis in its country. I found this article relevant because Greece is planing to fire up the government spending so that the short-term problems will be alleviated.
Tutar A

The tragedy of the high seas - 6 views

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    This article not only gives brief information about the Tragedy of Commons but also considers the daily applications of it. It talks about the current market failure in today's oceans. It talks about the loopholes of the Law of the Sea, whereas it considers the possible solutions to that problem.
Tutar A

It's time: Snuff out public smoking - 0 views

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    In this article, the author discusses the issue of smoking in public places. The article prods us to smoke in private places rather than smoking in public places. The author suggests that public smoking is a negative externality because it has a subversive effect on all the individuals who don't smoke.
Tutar A

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

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    This article is about the excise taxes on marijuana in Colorado. It is important to know that the tax revenue $2 million dolars in January 2013. As marijuana is legal in Colorado, the government gets the best benefit of it by imposing harsh tax on marijuana. Since marijuana is price inelastic because of its addictive nature, the government can impose as much as taxes as it can which can lead to more revenues.
Tutar A

Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix - 1 views

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    The article that I bookmarked is focusing on coffee in the US Market. Although some say that the price of arabica beans are likely to flame, the suppliers of coffee are not worried. The reason is definitely that coffee is price inelastic. The article also give some insight into the consumer's point of view. When they are asked if coffee has another substitute, they rigidly say "NO!". Being aware of its addictive nature, Starbucks is calm that any price change wouldn't affect its revenue and actually it would get the benefit of such change since coffee is inelastic.
Tutar A

The End of Elastic Oil - 8 views

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    This article is talking about why gasoline is inelastic. As we have learned from the reading assignment of this week, it is obvious that gasoline is a necessity as we go on with the 21st century. Since everyone is depended on gasoline, we could say that gasoline is inelastic in this century.
Tutar A

When a Small Business Comes Into Contact With Ebola - 0 views

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    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.
Tutar A

Emirates Flies Into America, and U.S. Airlines Grow Anxious - 2 views

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    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.
Tutar A

How Scarcity Leads to Spending - 2 views

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    This article, by The Time, is considered with the idea that whether economic uncertainty make you spend more or not. The author directly suggests that it depends on the childhood experiences that you went through. Therefore, the article shows how two experiments proved that poverty is hard to escape. The participants in the experiments were forced to make 20 decisions which include a decision between recieving $30 right now or $41$ later. They later proved that poor ones take the money immediately where as the rich ones take the money after.
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