Posts Tagged ‘Economics’

A few weeks ago, Miguel Franco, mayor of the Mexican town of Tepatitlan (about 60 miles NE from Guadalajara) gave, with the typical candour & honesty of those lands, his diagnosis about the financial crisis. More or less, he said the there is no such crisis, because more money is being made from business everyday “today there´s money & the day after the guys from the stock market say that is gone, who ate it? The money is still there and they’re not going to cheat us”.
This rather curious statement brought upon him (as you could expect) a storm of jokes and critics, but, truth be said, despite his apparent simple-minded reasoning, this Mexican Mayor has rubbed the salt in the wound of one of the aspects to take into account in light of the present economic turbulence.

It’s true. Everyday more money is being “made”, there are more products & more economic activity. Until, suddenly, a group of investors say that the stocks sold on the market no longer have the value they used to, and, as obvious consequence, the whole world faces the threat of a recession.

The real question here is: what the hell happened, for example, with Citigroup? Nearly two years ago, this financial company had a stock value of 277,000 million dollars, on the other hand, this last week its price had plummeted to merely 6,000 million. This means that 271,000 millions vanished on thin air, but why?

The painful answer is that Citigroup never really had a value of 277 thousand million dollars. This number wasn’t backed by concrete reality, but by the supposed profits foretold by the “financial analysts” (a mixture between sorcerers and businessmen). So, when their “cotton candy” castle came trembling down, the investors loudly crashed their heads in the hard, unmerciful real world.

The crash in the price of the stocks of Citi & a bunch of other companies who have lost as much as 90% of their value, constitutes an indisputable proof that our present economic system is standing in bare air, holding from illusions, cheats and hopes, which becomes really dangerous in generalized fear times, as those we live in.

They’ll never admit it, but not even the economists had a full idea about how deep is the crisis; which were its causes and how much it’ll take us to get out of it. Hidden behind their baroque math & unintelligible concepts, they’re just as confused as we are.

We need to understand, once and for all, that the economy is not, and can never be an exact science. The financial system is more like an enraged horse with meth addiction. We can try to tame it, but we’ll never fully succeed.

Here’s just one example. The Money Exchange market alone moves more than $ 1,350 TRILLION dollars every year (3.7 trillion every day). That’s just too much money to track and see if the counts match.

We live in the middle of an economy moving at the speed of light and the only things we can do is using our common sense and hope that the waters return to their level, because, at the end of the day, the tempting stock exchanges & world economy are just illusions, just a Mirage.

The Internal Assessment in IB Economics gives students the opportunity to write a commentary on a news article of their choosing. In this lesson I’ll help students get off to a strong start on their first Econ IA: Where to learn about the requirements of the IA, how to find a good article, and what to do before you start writing the commentary itself.

If you’re a student who needs additional support on your IA, visit this link and sign up for IA support now!
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Audio article is a new initiative of Drishti IAS for aspirants preparing for Civil Service Examination. In this special program, Drishti will provide crux of important English articles from selected newspapers & magazines in hindi as audio clip. Program is designed to clarify the concepts of various complicated topics useful for CSE & other exams.

Some Thoughts Regarding the Elections: A Short Discussion on Politics and Economics (Political ASMR)

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“My Sources for Economic and Political News”

***Some chycho Articles***

Introduction to Politics: Synopsis of Our Present Predicament: What the Future Holds, a Final Word

Chris Hedges’ Introduction to Inverted Totalitarianism from “Days of Destruction, Days of Revolt”

The 2005 Bankruptcy Bill: Knowing a Financial Crisis Was Imminent, Banks Lobbied Government to Pass Laws to Preserve Their Wealth

Collapsing the Economy in the Buildup to World War III: 11 of the Most Important Economic Events of the Last 11 Years

Noam Chomsky, a Conspiracy Theorist of the Highest Magnitude: Defining Conspiracy Theory, What are the Theories Behind the Conspiracies?

It’s Not Just the Mainstream Media That Is Scripted to Manufacture Consent, so Are Our Politicians

Paradigm Shift in Education: Krishnamurti on the Educator, RAW on Ignorance, Gato on the System, and Hamming on Learning

Why is Math Important? Because the language of mathematics plays a vital role in our evolution (article and videos #137 and #138)

Bill Nye, Brian Greene, Neil deGrasse Tyson, and Lawrence Krauss have a brilliant little discussion on the limitations of mathematics, and its importance and relevance to humanity

The future of Africa looks bleak, here is why



ASMR – Autonomous Sensory Meridian Response



The Language of Mathematics

Math in Real Life

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How to Study


In Conversation with chycho: Q&A

How to Make Crab Apple Butter, Crabapple Spread


How to Eat Pomegranates

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***Additional Articles***

“For the ASMR Community: Extended Cuts of Picking My Beard”

Articles on Mathematics – “Math Articles”



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Raheel Sharif’s FULL Debate and Speech at the Davos 2017 World Economic Forum Convention where he was an honorary Guest Invited to give a Talk on New Security Issues Facing the World and how to Eliminate them with Reference to his Successes while in the Pakistan Army.
Tags: Raheel Sharif Davos. Raheel Sharif World Economic Forum. Raheel Sharif WEF Speech Debate Full. Digital Age Issues and how CPEC can revive Pakistan’s Economy. Raheel Sharif Speech.

The World Economic Forum (WEF) is a Swiss nonprofit foundation, Cologny, Canton of Geneva. Recognized by the Swiss authorities as an international body,[1] its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.
The Forum is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world. Often this location alone is used to identify meetings, participation, and participants with such phrases as, “a Davos panel” and “a Davos Man”.[2]
The organization also convenes some six to eight regional meetings each year in locations across Africa, East Asia and Latin America, as well as undertaking two further annual meetings in China and the United Arab Emirates. Beside meetings, the foundation produces a series of research reports and engages its members in sector specific initiatives.[3]

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If you wish you had known more before this economic recession hit and you find yourself brainstorming ways out of this mess, then perhaps pursing a Business Economics major is for you! At an economics college, you’ll learn about many aspects of business, management, finance, marketing and corporate planning, in addition to the money management issues of today. The majority of people working in applied economics hold positions as forecasters, analysts, market researchers, government workers and client support personnel.

As you may have heard, the choice of school and the pursuit of a degree are extremely important in determining your success in economics. Just about every school offers macro economics and microeconomics courses, but to really get ahead, you’ll want to get into a graduate school with the best department of Economics you can find. The best schools may offer more passionate teachers, better internship options, more extensive areas of study and the sort of prestige you’ll need when looking to start your career in the competitive labor market.

When choosing classes from a school’s department of Economics, the best advice is to take more math courses! It can be easy to fall behind in your studies if you aren’t crystal clear on the statistics, calculus and mathematical concepts. When you were trying to get your bachelor’s degree in economics, you were likely scanning the course options for “easy electives” and ways of pulling your GPA up. However, graduate schools care most about what hard classes you’ve taken and how well you did in them, rather than your GPA as a whole. Be sure you take real analysis, calculus and econometrics, as these classes will be vital to your understanding.

To get an undergrad degree in Business Economics, students attending an accredited economics university will need to take courses like macro economics, microeconomics, financial accounting and reporting, calculus, economics statistics, econometrics, money/banking/credit, business writing, the stock market, labor economics, monetary economics, international trade theory, law and economics, industrial organization, economics and business strategy, organizational psychology, formal organizations and politics and the economy.

The average starting salary for economists is $ 38,000 for a bachelor’s degree, $ 48,000 for a master’s and $ 70,000 for a PhD, according to a 2002 National Association of Business Economics survey. The median income for the economics major is higher than any other major, experts say. Economics research also suggests that economics majors earn 20% more than business administration majors, 19% more than accounting majors, 18% more than marketing majors and 15% more than finance majors. When a potential employer sees this major on a resume, he or she immediately understands that you have a solid foundation of math, politics, business and economic theory. Your degree also shows that you have the capacity to process complex subjects and problem solve, which is valuable in any field.

According to US News & World Report, Harvard University in Boston, Massachusetts is the top-rated school for Business Economics. The second-best university in this field is Stanford in California and Northwestern University in Illinois. After the top-three, other economics college options include the University of Pennsylvania (Wharton) in Philadelphia, the Massachusetts Institute of Technology (Sloan) in Cambridge, the University of Chicago, UC-Berkeley in California, Dartmouth College in New Hampshire, Columbia University in New York City and Yale University in Connecticut. It’s highly recommended that individuals looking to remain competitive in their field pursue advanced education with Master’s or PhD’s.

Unlike undergrad, the department of Economics in grad schools looks to cultivate the best and brightest talent. Most students are granted a fellowship, assistantship, grant, tuition remission or monthly stipend to cover the cost of the program and living expenses. Be aware that you’ll be required to do a lot of dirty work for your money, like grading, teaching, lecturing, leading weekly section meetings, researching and writing. If a lot of students are admitted, then you may still need to pay or seek NSF grants on your own. The good news is that, after all their hard work, 99% of graduate students get placed into applied economics positions right out of grad school.

When you run low or out of bank checks and need to reorder checks, economic fundamentals dictate purchasing from the low cost quality supplier. Reorder check supplies from for superstore selection at cut-rate prices.

This video reviews how to complete the weekly article summary for economics class.
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his helpful and educative article explains how to write an economics term paper in an easy and hassle free manner. This is true, by following the simple steps given below, you can really write your economics term paper subjects without any difficulty at all.

Writing an economics term paper can be quite boring just because of the subject itself. However, if you have enough information and research material, it will not be that uninteresting to write your economics term paper provided you have already mastered the art of custom term papers writing. Thats right, knowing how to write a regular term paper enables you to write on any topic be it an economics term paper or one about rocket-science; the only extra thing required would be sufficient knowledge of the particular subject.

Tips to write your economics term paper with great ease:

Information and Data Compilation

Compile enough information and data from your research using all sources possible. Apart from conventional research sources, observe your surroundings and take interest in news and events related to your topic.
Supposing the topic question of your economics term paper is What are the effects of offshore outsourcing on the current employment situation, the information acquired through unconventional sources may be quite useful to develop an argument of your own. This will help you write an effective economics term paper with the most current and relevant information giving you a definitive edge over your class mates.

Develop a Meaningful Blend of the Information

Combine the findings of your research and observation with the information acquired from your textbooks and class lectures. If you intelligently synthesize data and information gathered from diverse sources, your economics term paper will have a greater chance of winning first class.

Never Stray From Your Topic

This is very important while writing an economics term paper or on any topic for that matter. An economics term paper is written on a specific topic question and should only state facts, findings, ideas and arguments strictly relating to the subject. You simply cannot write about irrelevant issues in your economics term paper.
Always Cite the Sources in the Proper Citation Style

It is very important for you to cite all the sources used in the references and bibliographies section of your economics term paper in the proper citation style as required by your teacher or professor.
Stated above are simple tips on how to write an economics term paper without difficulty. Follow them and become the best economics term paper writer in your whole class.

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