Monthly Archives: February 2012

Questions on AD/AS

Using AD/AS diagrams show the effects of each of the following on SR equilibrium, explaining what happens to equilibrium price level, output and unemployment*: The price of oil increases; Firms have low business confidence; Natural diasater has destroyed agricultural output; Government lowers taxes on … Continue reading

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Little Mermaid teaches micro diagrams

I stumbled across this today and I thought you’d enjoy it. It comes from Mr Clifford in San Diego, who has also shared quite a few YouTube videos covering many areas of the IB syllabus. From what I can see, … Continue reading

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Still not exactly cheap

Tokyo has lost its place as the world’s most expensive city in which to live as an expat, at least according to the Economist Intelligence Unit. That honour now goes to Zurich, mostly thanks to a very strong Swiss Franc … Continue reading

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Economics blog posts

Here is the new blog post criteria.

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Greece is the (lack of) word

The silence is deafening. Following a whole series of talks that at stages have looked promising only to quickly break down, news of a plan of action regarding Greece’s debt crisis is conspicuous by its absence. Many news outlets have simply stopped writing about … Continue reading

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Lost Decades? What Lost Decades?

Ever since I started studying economics, Japan has been used as the go-to economic cautionary tale. Today hardly an economic article is written about the US or Europe without some kind of reference to Japan’s ‘Lost Decades’ and how governments … Continue reading

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