Blogs1 - 7 of 7 recent posts for tag:"law of demand"
09
Jun
2008
Letting markets work: the Malaysia fuel subsidy goes bye bye

Asia Sentinel - Malaysia cuts fuel subsidy One of the recurring themes of this blog is the conflict between good politics and good economics. Most of the time in government, smart economic policy is sacrificed in order to achieve political favor with voters. Whether it’s price ceilings on petrol in ...

25 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

23
May
2008
Econ 101: A Note on The Law of Demand and Inferior Goods

A couple of quick notes about some basic principles of economics. The first is the law of demand which states that, for most goods, when prices rise, the quantity demanded goes down. Sometime this is relationship is very extreme (very elastic), especially when there are many good substitutes and whe ...

42 days ago · The Oregon Economics Blog · oregonecon.blogspot.com by Patrick Emerson () 12 references

12
May
2008
Is bicycle transportation an “inferior good”?

The Associated Press: Gas prices knock bicycle sales, repairs into higher gear Greg Mankiw has an ongoing series of posts linking to articles illustrating the impact that rising gas prices have had on demand in markets other than that of the automobile. The concept of cross-price elasticity of deman ...

53 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

21
Apr
2008
Why learning economics is SO IMPORTANT! The case of Ban Ki Moon…

UN chief warns world must urgently increase food production - Yahoo! News So you don’t say things that make you sound stupid to people who have studied economics, i.e. AP Econ students. Here’s UN chief Ban Ki Moon speaking at a UN conference in Ghana this week: “One thing is certain, the world has c ...

74 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

04
Mar
2008
“Fair Trade” coffee and economic development

In recent years coffee consumers may have noticed more and more cafes are offering “fair trade” coffee as an option. Usually, for an extra 10 or 20 cents per cup, you can get a beverage made from beans that were grown by farmers earning living wages and working in safe and sustainable environments. ...

122 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

03
Feb
2008
Amazing innovation in cargo ship technology - WIND powered vessels!

Kite Powered Ship Sets Sail for Greener Futhre - Guardian.co.uk A German engineer has given an old technology new life to help make trans-oceanic shipping greener and least costly. A cargo ship pulled by a giant, parachute-shaped kite will leave Germany on Tuesday on a voyage that could herald a new ...

152 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

07
Feb
2007
How I Would Fight the War Against Terror…Using Economics

September Eleventh shattered what meant most to anyone: safety and freedom from danger. 911 made it now possible for terrorists to strike us in not only our hearts, with fear of personal injury, but in our minds we have this sort of fear mentality in which it is now possible for terrorists to destro ...

513 days ago · Nathan Guannan Zhang · nathanzhang.wordpress.com by Nathan Zhang