(001863-018) IB Economics: Internal Assessment COMMENTARY 3 COVERSHEET Commentary number: 3 Title of extract: China lifts fuel price‚ raising inflation concerns Source of extract: BBC Date of extract: 21/02/2011 Word count: 746 words Date written: 20/03/2011 o Section 2: Microeconomics: Sections of the syllabus to which the commentary relates: þ Section 3: Macroeconomics: 3.3‚ 3.5 o Section 4: International Economics: o Section
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The New York Times article "Bulgaria’s Air Is Dirtiest in Europse‚ Study Finds‚ Followed by Poland" explains the negative effects that smokestacks and vehicles have had on the air quality in Bulgaria and Poland. Although the factories and transportation seem to be a vital part of the city lifestyle in Bulgaria‚ the benefits they provide do not apply to anyone but the user. In fact‚ the gas that comes from both smokestacks and vehicle tailpipes imposes an external cost on the citizens that breathe
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IB 15-16 Course Selection Guide Part 2 Go next page for the answers! Hong Kong Programme Name Subject requirement Minimum grade suggested Bachelor of Economics Math HL IB Score: 36 Bachelor of Accounting Mathematics SL IB Score: 36 Bachelor of Social science No specific requirement IB Score: 35 Bachelor of Business administration and Law Eng lit HL and Math SL IB Score: 40-41 Bachelor of architecture Math
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The article discusses the effects of a severe flood in the areas of Thailand to the rice production. The rice production falls to 22 from 23 million metric tons. Supply is quantity of goods and services that producers are willing and able to produce at a given price and time period. The decrease in supply of rice in Thailand is shown by the following graph: MARKET OF RICE IN THAILAND The graph above shows that the effect of flood in Thailand decreased
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John Milton was born in 1608 and died in died in 1674. He was by far the most learned man of his time. He influenced men from the Romantic poets to the American Puritans. Moreover‚ he relied heavily on the historic Christian doctrine of Calvinism. In the first four stanzas of On the Morning of Christ’s Nativity Milton paints a beautiful picture of man’s redemption in Christ. First‚ the first four stanzas of Milton’s poem have a distinct rhyme scheme. The rhyme scheme is an adaptation of the rhyme
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EXCHANGE RATES The exchange rate is the price of one country’s currency in terms of another country’s currency Quoted exchange rates can be either direct or indirect‚ Direct: home currency per unit of foreign currency 39 Rupees per US Dollars 80 Rupees per Pound Indirect: foreign currency per unit of home currency 0.0255102 US Dollar per Indian Rupee 0.491594 Pound per Indian Rupee Appreciation of Currency Currency Appreciation means that the given currency
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Elasticities Price elasticity of demand (PED) Law of demand tells us that P goes up Q goes down or P goes down and Q goes up. But it doesn’t give us any information about by how much Q changes compared to P. We want to know‚ using the PED‚ whether Q is changing by a lot compared to P‚ by a little bit compared to P or by the same rate as P. If %∆P<%∆Q‚ this good is called relatively elastic. If %∆P>%∆Q‚ this good is called relatively inelastic. If %∆P=%∆Q‚ this good is called unit elastic.
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College Department of Economics Economics 2300 Investment and Financial markets Des McKeon Winter 2014 Office Hours Friday 9:30 -10:30 Course Description This course examines the major theories of investment finance and the pricing bonds‚ stocks and options. Portfolio construction using passive and active management strategies will also be discussed. The course will appeal to anyone
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Economics Commentary 1 In this assignment I will investigate an article from the point of view of an economist. Furthermore I will explain the linkages between concepts and theories of microeconomics and the article. Purpose of this commentary is to present my economic insight into the implications of the article. Basic economic concepts such as demand‚ supply and surplus can be applied to markets to help understand and solve problems in the economy. These economic models
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This article covers the first increase in housing prices in Australia in 2011‚ raising hopes that Australian housing prices may recover in 2012. Housing prices have also dropped‚ but recently‚ the average cost for a house has also risen. The article states that this is mainly because of low interest rates and shortage of supply. Low interest rates (charges that borrowers pay to lenders for using the borrowed money)‚ would cause a shift in demand (the capability and willingness to consume a commodity
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