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Largest ever U.S. fiscal stimulus package

Business Insider: Trump signs the $2 trillion coronavirus economic relief bill into law, which includes checks for Americans and business loans Article published: March 23, 2020 IB Economics syllabus: Macroeconomics (expansionary fiscal policy) Trump signed the largest ever economic stimulus package (expansionary fiscal policy) of American history to fight the recession caused by the coronavirus. Source of [...]

By | 2020-04-07T06:43:49+00:00 April 7th, 2020|Macro|Comments Off on Largest ever U.S. fiscal stimulus package

Unlimited bond-buying program in the U.S.

CNN: Fed takes emergency action to stave off a depression Article published: March 23, 2020 IB Economics syllabus: Macroeconomics (expansionary monetary policy) In an effort to "prevent the health crisis from turning into a full-blown financial crisis" the U.S. central bank (the Fed) has announced an unlimited bond-buying program, also known as an "open-ended quantitative easing." This [...]

By | 2020-04-07T06:44:20+00:00 March 25th, 2020|Macro|Comments Off on Unlimited bond-buying program in the U.S.

Public transport made free in Luxembourg

CNN: Luxembourg makes all public transport free Article published: March 2, 2020 IB Economics syllabus: Microeconomics (positive externality of consumption, government intervention) This article talks about public transport becoming completely free in all of Luxembourg. This is because the richest country of the EU can afford to absorb the costs of public transport as they believe that [...]

By | 2020-03-05T13:00:59+00:00 March 5th, 2020|Micro|Comments Off on Public transport made free in Luxembourg

Surprise rate cut by the Fed

CNN: The Fed just hit the coronavirus panic button Article published: March 3, 2020 IB Economics syllabus: Macroeconomics (expansionary monetary policy) It seems like the coronavirus has effects other than on hockey sticks, in fact now the Fed (the U.S. Central Bank) has also reacted to it. In fears of a fall in economic growth (not to [...]

By | 2020-03-04T09:38:43+00:00 March 3rd, 2020|Macro|Comments Off on Surprise rate cut by the Fed

Only electric cars to be sold in the UK by 2035

BBC: The UK just gave the car industry 15 years to ditch fossil fuels Article published: Feb 4, 2020 IB Economics syllabus: Microeconomics (market failure, externalities of consumption) The UK government has decided to ban the sale of all new cars that burn fossil fuels by 2030 in a bid to reach net zero carbon emissions by [...]

By | 2020-02-21T15:52:14+00:00 February 21st, 2020|Micro|Comments Off on Only electric cars to be sold in the UK by 2035

Chinese Central Bank cuts interest rates

Bloomberg: PBOC Cuts Interest Rate for One Year Loans to Support Banks Article published: Feb 17, 2020 IB Economics syllabus: Macroeconomics (expansionary monetary policy) Due to the negative effects of the coronavirus on the Chinese economy, the Central Bank of China has decided to cut its interest rates. More specifically, they have cut the interest rates to [...]

By | 2020-02-17T15:58:34+00:00 February 17th, 2020|Macro|Comments Off on Chinese Central Bank cuts interest rates

Coronavirus and the hockey stick shortage

CBS Sports: How the coronavirus is creating an NHL stick shortage Article published: Feb 11, 2020 IB Economics syllabus: Microeconomics (demand and supply, market equilibrium, shortage) This is an interesting article about how the infamous coronavirus can lead to a lack of supply of hockey sticks in North America. Interestingly, as most of the hockey sticks are [...]

By | 2020-02-12T22:44:52+00:00 February 12th, 2020|Micro|Comments Off on Coronavirus and the hockey stick shortage

Surprise rate hike of the Czech Central Bank

Bloomberg: World Gets First Rate Hike of 2020 With Surprise Czech Move Article published: Feb 6, 2020 IB Economics syllabus: Macroeconomics, International economics (monetary policy, exchange rates) The first Central Bank to increase interest rates was the Czech National Bank - and the move surprised the markets as no one was expecting a rate hike. As a [...]

By | 2020-02-10T10:25:37+00:00 February 10th, 2020|International Economics, Macro|Comments Off on Surprise rate hike of the Czech Central Bank

Committee on Climate Change: meat and dairy consumption must be cut by a fifth

BBC: Cut meat and dairy intake 'by a fifth', report urges Article published: Jan 23, 2020 IB Economics syllabus: Microeconomics (market failure: threats to sustainability) According to the latest report by the Committee on Climate Change of the UK, "people should cut the amount of beef, lamb and dairy produce they eat by a fifth to combat climate [...]

By | 2020-02-08T23:03:28+00:00 February 8th, 2020|Micro|Comments Off on Committee on Climate Change: meat and dairy consumption must be cut by a fifth

Chinese Central Bank to increase money supply by $174 billion

South China Morning Post: China to inject US$174 billion of liquidity into markets amid new coronavirus outbreak Article published: Feb 2, 2020 IB Economics syllabus: Macroeconomics (monetary policy) As part of the open market operations, the Chinese Central Bank, called the The People's Bank of China has decided to increase the money supply. They do so by the [...]

By | 2020-02-06T16:10:06+00:00 February 6th, 2020|Macro|Comments Off on Chinese Central Bank to increase money supply by $174 billion

When “going green” kills – the hidden costs of denuclearizing Germany

Wired: Germany Rejected Nuclear Power—and Deadly Emissions Spiked Article published: Jan 23, 2020 IB Economics syllabus: Microeconomics, (market failure, negative externalities of production, sustainability) The social costs of "going green": it was believed that shutting down nuclear power plants in Germany is a step forward to sustainability. However, a recent study shows that this has led [...]

By | 2020-02-06T15:34:42+00:00 February 3rd, 2020|Micro|Comments Off on When “going green” kills – the hidden costs of denuclearizing Germany

The Global Risks Report 2020

World Economic Forum: The Global Risks Report 2020 Article published: Jan, 2020 IB Economics syllabus: Microeconomics, Macroeconomics, International Economics, Development Economics (market failure, negative externalities of production, sustainability, equity in the income distribution, economic development) One week before the World Economic Forum in Davos, the Organization published their Annual Risk Report, in which experts analyze the threats facing [...]

By | 2020-01-30T14:13:53+00:00 January 30th, 2020|Development Economics|Comments Off on The Global Risks Report 2020

How (not to) change people’s commuting behavior

Harvard Business Review: Why It’s So Hard to Change People’s Commuting Behavior Article published: Dec 24, 2019 IB Economics syllabus: Microeconomics (negative externalities of consumption - solutions) A great article from the Harvard Business Review about how to change people's commuting behavior. This is not really suitable for a microeconomics IA, as it is not about a [...]

By | 2020-01-14T23:05:43+00:00 January 14th, 2020|Micro|Comments Off on How (not to) change people’s commuting behavior

Booking.com promises to change deceptive offers

Bloomberg: Booking.com agrees to EU demands to change travel offers Article published: Dec 20, 2019 IB Economics syllabus: Microeconomics (theory of the firm, monopoly power) This article shows how one of the largest European travel fare aggregagator website uses aggressive and not too fair tactics to make users book reservations through their website. More specifically, the article [...]

By | 2019-12-31T07:28:57+00:00 December 31st, 2019|Micro|Comments Off on Booking.com promises to change deceptive offers

A letter that saved lives

The New York Times: The I.R.S. Sent a Letter to 3.9 Million People. It Saved Some of Their Lives. Article published: Dec 10, 2019 IB Economics syllabus: microeconomics (government intervention, nudge economics) While this article is not suitable for an IB economics IA (partly because it's too long, and partly due to the topic it covers), [...]

By | 2019-12-30T15:13:53+00:00 December 30th, 2019|Micro|Comments Off on A letter that saved lives

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