Sunday, April 28, 2013

You can do it!

It's that wonderful time of year where you get to share your Economics knowledge with the IB. It's your opportunity to show what you know. You should enjoy it. You've worked hard for two years. You've learned a ton of stuff. Don't hold back, give it everything.

Here's some inspiration:









Thursday, April 4, 2013

Bank of Japan becomes aggressive



What will be the impact? Check out the video about the impact from Bloomberg. Jump to 3:30 and listen until 5:30 to hear about Japan. He discusses inflation and deflation. Do you agree, disagree?




Thursday, September 6, 2012

The Stealth Economy

The size of the informal market makes it the second largest economy in the world behind the United States. With the IB Economics class we often discuss the limitations of measuring the size of an economy and the parallel or "hidden" market is a major reason. Disregarding illegal behavior such as drug and arms dealers, the informal economy is a significant factor of employment and distribution of goods, and it's out in the open.

Robert Neuwirth's new book, The Stealth Economy, discusses his experiences with street vendors from all over the world. Check out the Ted Talk to get a good synopsis of his book and the scale of the informal economy.

Would Adam Smith approve? Would Karl Marx? Should we encourage more business to be operated in this way? Share your thoughts in the comments section.


Monday, September 3, 2012

Economic Freedom Index 2012

The most recent study of Economic Freedom by the Heritage Institute offers some good insight into where businesses are investing. Why is Hong Kong and Singapore so well ranked? Which policies do they employ that help make this happen? Where does your country rank?


Tuesday, August 7, 2012

Effort

Now this is some awesome effort. Well done Usain Bolt.


Friday, May 25, 2012

"MAMA ECONOMY" (THE ECONOMY EXPLAINED) ORIGINAL SONG by TAY ZONDAY

This makes my day. Music videos about economics are awesome! I'd tell you to graph as many concepts as you can but I don't want to take away from how much fun this song is. Enjoy!