Archive for the ‘Uncategorized’ Category

Final Reflection

April 4, 2011

I wish I did better on the mock exam because it would have shown me that I don’t need to put an extra effort to get a good grade. However, my score was not low enough to drop my grade down, which is good. The good side of getting a score that wasn’t great is […]

Section 4 Test Reflection

February 8, 2011

I think I did much better than I thought I would on this test. There were so many questions that could have come up, so I had to study all of them hard and have a bit of luck. I think what I need to do is to be more specific with my terms and […]

Somalia’s Developing Economy

February 1, 2011

Somalia’s population is just over 10 million and its population growth is 2.824%. The life expectancy is 50 years old. GDP per capita is very low at less than $600. 43% of Somalia’s population lives below the poverty line. The percentages of aid in gross capital formation is 345.7%, which is second in the world. […]


January 18, 2011

DIAGRAMS: DEFINITIONS: EVALUATION: Data Response: Free trade and protectionism Data Response: Tension Between the US and China COLLABORATION: Kanika’s blog REFLECTION: Reflection: Data response section 4 Danger Zone SHOWCASE: Summative test section 4 OTHER: Quizzes

Hope might be insight for the UK: The Marsahll-Lerner Condition and the J-Curve

December 8, 2010

The UK was in a current account deficit in the beginning of this year. The pound depreciated and it is currently weak. What economists in the UK are hoping is that the change in value of the currency would increase the demand for imports to lessen their deficit. The Marshall-Lerner condition shows the impact depreciation […]

Tension Between The US and China

December 2, 2010

The economic relationship between China and the US is very strained at the moment. China has a managed exchange rate system, which means that there is generally a floating exchange rate. However, when they want to avoid sudden fluctuations, the government will intervene. China’s managed exchange rate system has infuriated other countries, such as the […]

Should Spain Keep the Euro?

November 30, 2010

There are many advantages and disadvantages of having a single currency. At the moment, Spain is going through a lot of economic and financial trouble, and the cause is the Euro. When Spain first adopted the Euro, it got alot of money to support the private sector and its economy experienced rapid growth. One bad […]

Spain’s Current Account Deficit

November 29, 2010

From 1980 to 2008, Spain had a steady increase in GDP per capita. However, in 2009, the GDP per capita dropped, which means that people in the country had a lower income than the previous year. After that drop in GDP, it went back up again this year. Since the GDP in rising, it means […]

In the Danger Zone

August 30, 2010

One problem I have is that I don’t manage my time well. On some questions, I took too long and had little time to answer others. This resulted in me not having enough written for the later questions, such as the evaluation, which is very important. Also, I didn’t have enough time to write concluding […]

High Self-esteem = Higher Prices

April 28, 2010

Confidence is a factor that affects aggregate demand. In the US, it seems that there is a rise in consumer’s confidence. The Board’s index of consumer attitudes rose to 57.9 from a  52.3 in March. The increasing confidence was caused by growing optimism about the labor market. Consumer Confidence and Aggregate Demand In the graph […]