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	<title>Economics in Plain English</title>
	<link>http://welkerswikinomics.com/blog</link>
	<description>for students and teachers of AP and IB Economics</description>
	<lastBuildDate>Thu, 11 Mar 2010 15:36:09 +0000</lastBuildDate>
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	<language>en</language>
	
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		<title>Helping Singapore become an advanced economy</title>
		<description><![CDATA[Singapore is an economy which is operating at a level which is very close to its full potential. The island has no natural resources, very little spare land and a small but educated workforce. The recent global financial crisis, highlighted Singapore&#8217;s vulnerability to changes in the global economy. Singapore is very export dependent country with [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/03/11/helping-singapore-become-an-advanced-economy/</link>
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		<title>IB Economics students&#8217; World Bank development project proposals: Students request funds to improve human welfare in the world&#8217;s poorest countries</title>
		<description><![CDATA[
As a culminating activity for the two year IB Economics course here at Zurich International School, senior econ students research, prepared and presented proposals to the World Bank. The purpose was to choose a developing country, identify its current development status, pinpoint the major obstacles to development, brainstorm the country&#8217;s major assets and areas of [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/03/03/1457/</link>
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		<title>A link between Keynes and Japan Airlines&#8230;</title>
		<description><![CDATA[John Maynard Keynes was an economist whose opinions have shaped government policies throughout the 20th century. Joseph Sternberg of the Wall Street Journal explained an interesting link this week, between Keynesian policies and the fate of bankrupted Japan Airlines.
Keynes Killed JAL: The airline fell victim to infrastructure stimulus gone terribly wrong. Is China next? By [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/03/02/a-link-between-keynes-and-japan-airlines/</link>
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		<title>Another question from the Help Desk: Relative price levels as a determinant of exchange rates</title>
		<description><![CDATA[One feature of Economics in Plain English several students and teachers have found helpful over the years is the Econ Help Desk, where readers can get questions about basic economic concepts answered personally by me.
Recently I received the following email from an AP Macroeconomics teacher in the United States:
I have a question about graphs that [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/22/another-question-from-the-help-desk-relative-price-levels-as-a-determinant-of-exchange-rates/</link>
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		<title>Advice for an aspiring IB Economics Extended Essay author</title>
		<description><![CDATA[It&#8217;s that time of the year for IB Economics students all over the world. Time to choose their extended essay topics! The International Baccalaureate (IB) program is a rigorous, two-year diploma program for 11th and 12th graders. In addition two three &#8220;higher level&#8221; courses and three &#8220;standard level&#8221; courses chosen from each of the six [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/12/advice-for-an-aspiring-ib-economics-extended-essay-author/</link>
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		<title>Welker&#8217;s Wikinomics Blog&#8217;s new name: Economics in Plain English</title>
		<description><![CDATA[Welker&#8217;s Wikinomics Blog was created three years ago as a way to communicate economic ideas and theories in a clear and intelligible way for the high school economics student. Over those three years over 500 posts have been published, nearly 10 Economics teacher have contributed as authors and over 250,000 readers have visited (now up to over [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/07/welkers-wikinomics-blogs-new-name-economics-in-plain-english/</link>
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		<title>Introduction to Development &#8211; exploring prezi</title>
		<description><![CDATA[This is my experiment with a new web 2.0 presentation tool called &#8220;Prezi&#8221;. It is a web-based tool that is freely available and allows you to create something that fits between the genres of a presentation, mindmap and poster. Very cool for teachers who are stuck in a powerpoint mindset. www.prezi.com (free education licenses are [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/06/introduction-to-development-exploring-prezi/</link>
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		<title>Economics in plain English: Understanding Argentina&#8217;s budget woes</title>
		<description><![CDATA[Argentina&#8217;s reserves and its debts: Central Bank robbery &#124; The Economist
I received the following email from an Econ teacher who wonders if I had any insight on a question posed by one of his students:
The email reads: &#8220;I have alittle query i was hoping you could help clear up for me..a year 13 student has asked [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/05/economics-in-plain-english-understanding-argentinas-budget-woes/</link>
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		<title>US Exports: the key to job creation? Obama thinks so&#8230;</title>
		<description><![CDATA[Obamas Efforts To Boost Exports Face Hurdles : NPR
President Obama thinks the key to recovering the millions of American jobs lost during the recession lies in boosting exports to the rest of the world:

The plan sounds great. As we learn in AP and IB Economics, free trade leads to benefits for nations that choose to [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/02/05/us-exports-the-key-to-job-creation-obama-thinks-so/</link>
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		<title>Foreign Oil for i-Pods: Both Sides Win!</title>
		<description><![CDATA[More misleading economic statements from uninformed people who have never taken an economics course!
What about, you say?
I&#8217;m glad you asked!
I often read and hear in the American press that the United States is creating a giant wealth transfer by buying oil from other countries. Those &#8220;wealth transfer&#8221; words imply to the typical citizen that somehow [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/01/31/foreign-oil-for-i-pods-both-sides-win/</link>
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		<title>The &#8220;bottom billion&#8221;, aid, and strategies for achieving economic development</title>
		<description><![CDATA[In IB Economics unit 5, Development Economics, several strategies for achieving improvements in the welfare of the world&#8217;s poorest people are investigated. Foreign aid has been one of the main focuses of economic development strategies over the last several decades. But is aid in the form of development loans and grants from international organizations and [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/01/29/the-bottom-billion-aid-and-strategies-for-achieving-economic-development/</link>
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		<title>The best Econ rap&#8230; EVER!!</title>
		<description><![CDATA[Econstories.tv &#8211; A new resource for Econ teachers and students, from Russ Roberts and John Papola
The long awaited rap video from George Mason University&#8217;s Russ Roberts featuring the theories of John Maynard Keynes and F. A. Hayek has been released at last!
We&#8217;ve heard some decent Econ raps before (remember &#8220;Demand, Supply&#8221; by Rhythm, Rhyme, Results?) But [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/01/28/the-best-econ-rap-ever/</link>
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		<title>Day Zero in Haiti</title>
		<description><![CDATA[A week after the earthquake, the Haitian people now speak of day zero plus seven.  Day zero was the day when an earthquake rumbled and shook the shallow bay near Port-au-Prince and crumpled the many fragile houses, hospitals, churches and hotels. The quake did not discriminate against the rich and the poor, but in the [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2010/01/24/day-zero-in-haiti/</link>
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		<title>Keynesian/Classical debate enters the realm of hip hop</title>
		<description><![CDATA[Keynes vs. Hayek: Late Economists Hip-Hop Legacy &#124; PBS NewsHour &#124; Dec. 16, 2009 &#124; PBS.
A major theme of both the AP and IB Economics courses is the long-running debate between the Keynesian, demand-side theories of macroeconomic policy and those of the Classical, supply-side school. Today&#8217;s &#8220;Great Recession&#8221; has revived this debate, which itself dates [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2009/12/28/keynesianclassical-debate-enters-the-realm-of-hip-hop/</link>
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		<title>Understanding Oligopoly Behavior &#8211; a Game Theory overview</title>
		<description><![CDATA[What makes oligopolistic markets, which are characterized by a few large firms, so different from the other market structures we study in Microeconomics? Unlike in more competitive markets in which firms are of much smaller size and one firm’s behavior has little or no effect on its competitors, an oligopolist that decides to lower its [...]]]></description>
		<link>http://welkerswikinomics.com/blog/2009/12/15/understanding-oligopoly-behavior-a-game-theory-overview/</link>
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