Monthly Archives: May 2015

A stronger dollar means American goods become less attractive for tourists

CNN Money: Macy's sales slump as foreign tourists stop spending Article published: May 13, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: International Economics (exchange rates, export prices) As the USD got stronger, tourists in the U.S. started spending less (especially when it comes to luxuries). Source of image: Kena [...]

By | 2017-08-23T10:51:29+00:00 May 14th, 2015|International Economics|Comments Off on A stronger dollar means American goods become less attractive for tourists

Drug prices soar in the U.S. as a result of low PEDs

The NY Times: Runaway Drug Prices Article published: May 5, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microconomics (Elasticities, necessities, govt' intervention) Many medicines have a low price elasticity of demand due to the low number of substitutes and the fact that they are necessities. As producers are also [...]

By | 2017-08-23T10:51:41+00:00 May 5th, 2015|Micro|Comments Off on Drug prices soar in the U.S. as a result of low PEDs

Where does the garbage of the first world end up?

Wired: Inside the Hellscape Where Our Computers Go to Die Article published: Apr 23, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Development Economics (poverty, inequality, market failure, pollution) “PEOPLE LOVE GADGETS — especially shiny new ones. Bigger screens. Faster processors. Slimmer profiles. But what happens to our mobile phones, [...]

By | 2017-08-23T10:51:50+00:00 May 2nd, 2015|Development Economics|Comments Off on Where does the garbage of the first world end up?

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