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i24 News: Israel scraps tax on sugary drinks, sparking health concerns Article published: 28 March, 2023 IB Economics syllabus: Microeconomics (market failure, negative externality, government intervention, taxes) Sugary drinks tax removal in Israel The new government in Israel has removed the sugary drinks tax, which was implemented last year. This will definitely increase the [...]
Yahoo Finance: Israel Outpaces Fed With Hike and Leaves Open Next Steps Article published: 20 February, 2023 IB Economics syllabus: Macroeconomics (monetary policy, inflation) Inflation rising in Israel The Bank of Israel has raised its benchmark interest rate to 4.25% from 3.75%, its eighth consecutive increase since April 2021. The hike is the first [...]
NPR Planet Money: The ice cream conspiracy Article published: 8 February, 2023 IB Economics syllabus: Microeconomics (Market failure - market power: collusion, oligopoly) Collusion in the market of premium ice cream This is an absolutely fascinating podcast episode by Planet Money about the way Ben & Jerry's and Häagen-Dazs are quite consciously making decisions [...]
The Washington Post: What women’s underwear tells us about our trade system Article published: 9 February, 2023 IB Economics syllabus: The Global Economy (trade protectionism, tariffs), Macroeconomics (inequality) Sexist and regressive tariffs in the US "U.S. trade barriers appear unusually sexist and regressive, and have been for many, many decades." A trade researcher, Ed [...]
The Guardian: EU becomes first leading economy to legislate for ‘green tariff’ on imports Article published: 13 December, 2022 IB Economics syllabus: The Global Economy (trade protectionism, tariffs) The EU takes it seriously The European Union (EU) has become the first leading economy to pass legislation for a "green tariff" on imports. The new [...]
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Say goodbye to long textbooks! 🥳 Check out my IB Economics Revision Notes and smash the exams! 👊😎 EVERYTHING you need to know and NOTHING that you don’t – put together by an examiner. 😉🤫 Show me those funky notes Reuters: Powell says Fed will not change 2% inflation [...]
Financial Times: Jay Powell refuses to rule out US recession after third 0.75 percentage point rate rise Article published: 21 September, 2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation, economic growth, recession) High inflation - Central Bank responds Inflation in the US is still so high that their central bank (the Fed) has [...]
New York Post: NYC pol pushes to extend sugary-drink warnings at local chains Article published: 13 September, 2022 IB Economics syllabus: Microeconomics (market failure, negative consumption externality, demerit good) Provision of information This is a great article that shows taxes are not the only policy governments can use to limit the consumption of demerit [...]
CNN: Yes, the unemployment rate rose. Here's why that's good news Article published: 2 September, 2022 IB Economics syllabus: Macroeconomics (unemployment) Unemployment up in the US Even though unemployment rose in August from 3.5% to 3.7%, this is actually good news for the US economy. The reason is simple: unemployment below 4% in America [...]
Reuters: Turkey's inflation hits new 24-year high beyond 80% Article published: 5 September, 2022 IB Economics syllabus: Macroeconomics (inflation, expansionary monetary policy) Inflation is insane in Turkey Last time I wrote about Turkey in January, I was reviewing an article which was about inflation climbing above 20% in the country. Even back then it [...]
CNN: Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 Article published: 15 June, 2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation) Inflation soars, central bank responds The US central bank (the Fed) has increased its benchmark interest rate by 0.75%, which is the largest rate hike [...]
Financial Times: Crisis-hit Sri Lanka braces for debt default as dollars run out Article published: 18 May, 2022 IB Economics syllabus: Macroeconomics (national debt, default, economic crisis) Defaulting on national debt When a country's government fails to repay the interest on outstanding national debt on time, it is considered to be in default. This [...]
5 Pro Tips For Writing an IB Economics IA Getting top marks for your commentary (IB Economics IA) is pretty difficult, especially if it's your first one. A lot of IB Economics students lose quite a few marks around the world because their teachers don't give them a clear explanation of what and how [...]
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