Tuesday, January 20th, 2009
Ray Levato, (November 19, 2008), WHEC-TV Rochester, NY;
Shoe repair biz up
In these tough economic times, as consumers’ incomes decline, unemployment increases, and the expectations for the future of the economy worsen, one affected sector is the shoe industry. Consumers are limiting spending by foregoing the purchase of new shoes and rather having their old [...]
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Posted in Behavioral Economics, Consumer behavior, Cost/Benefit Analysis, Determinants of Demand, Expectations, IB Economics, IB Student Blogs, Price Theory, Substitutes, Supply/Demand | 1 Comment, join in » |
Abstract:
China’s government is desperately trying to alleviate the smog conditions before the Olympics start next week. They are implementing temporary laws in attempt to control traffic and the use of cars for the next few days. This new law affects things concerned with aggregate demand, disinflation, public goods, healthcare services, the black market, and measuring [...]
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Posted in AD/AS Model, China, Consumer behavior, GDP, IB Economics, Inflation, Macroeconomics, Public goods | 7 Comments, add your own » |
Tuesday, February 26th, 2008
We are stereotyped to think that China manufactures EVERYTHING in the world. From clothes to toys, there’s “MIC” everywhere. Net export plays a major role in China’s economy. Between 2005 and 2007, increases in net exports contributed 2~3% to annual GDP growth. That might sound like a lot, but domestic demand, including consumption and investment, [...]
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Posted in China, Consumer behavior, Economic Growth, GDP, Macroeconomics | 5 Comments, add your own » |
Tuesday, February 12th, 2008
A Wrinkle in the Botox Story
I thought this was quite a bizarre issue, seeing as how for the past couple of months headlines on almost every news page have been screaming, “RECESSION!”
However, Frank Pinkerton of Bank of America Securities’ ”12-month price target is $75, roughly 19% higher” than it is now. And at the edge of [...]
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Posted in Consumer behavior, Elasticity, Recession | 7 Comments, add your own » |