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Current Account Deficit – Spain
Spain continues its swim in Deficit Spain’s Deficit to Exceed Greek Gap; EU Says Warns on Growth Spain has kept in the negatives for its balance of payments since 1987, and currently is the 2nd...
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“Explain” extended response reflection
I was fairly satisfied with my grade from the extended response, and found that I understood most of the concepts in 4.5, 4.6 than I thought I did. My extended response lacked clarity of ideas, since I...
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Pros and Cons of a single currency: Spain’s downfall
If one brings up the topic of a single currency, most probably he/she is talking about the Euro. As the official currency of the eurozone consisting of Austria, Belgium, Cyprus, Finland, France,...
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Hope might be in sight for the UK: The Marshall-Lerner Condition and the...
great post on the marshall-lerner Britain's trade gap is widening more than expected in March as imports shot up five times faster than exports, this has caused the British government to begin doubting...
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Hope might be in sight for the UK: Marshall-Lerner Condition and J-curve
The UK is in fear as its trade gap between imports and exports increased greatly in March. Because of the increase in imports, the UK deficit widened by “£1.2bn in March to £7.5bn” despite the...
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Is China manipulating its Yuan? US v.s. China
The inflexibility of the Chinese Yuan has been a problem for the world, especially the United States. The United States claim that China is manipulating their currency through exchange rates to gain...
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Using the principle of comparative advantage, explain why economic theory...
1. Demands of the question The demands of the questions is to explain “why economic theory suggets that countries should specialize and trade with each other” using comparative advantage in 20...
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Bangladesh – Developing countries
Bangladesh Bangladesh is well known to be an overpopulated, poorly governed country in poverty. It has a GDP per capita of $429.26 per capita (2006), and a HDI (Human development Index) of 0.52. The...
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Reflection: End of Unit test – Section 4
Reflecting on my performance from the End of Unit test, I did extremely well compared to what I predicted. I obtained a 24/25, resulting as 98%. I believe I obtained this score because I was confident...
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IB HL Exam Review: Explain the multiplier + how it is calculated
Explain the multiplier + how it is calculated Macroeconomics is the study of the decisions and performances of an entire economy, and the multiplier effect is something that governments need to think...
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