Lee's Economics Corner

Euro Crisis (S32)

2010-07-06T09:50:00.004+08:00

Review the video on BBC Coming Euro Collapse [Source: Youtube.com/BBC News/Coming Euro Collapse] at the following link:

http://www.youtube.com/watch?v=32Lor1YfCGM

Question for collaboration (Read and respond to each other comments)
Discuss the most appropriate policies that the European government could adopt to manage the Euro crisis.

Euro Crisis (S35)

2010-07-06T09:50:00.003+08:00

Euro Crisis (S43)

2010-07-06T09:50:00.001+08:00

Euro Crisis (S63)

2010-07-06T09:45:00.003+08:00

HBL Activity #3: Guided CSQ - Indonesia’s Oil Struggle (S32)

2010-05-06T16:19:00.003+08:00

Try the CSQ on your own. But for the following 2 questions, please post your comments as a group (leader - please co-ordinate)

3(a) Evaluate the possible impact of rising oil prices on the Indonesian economy. (8)

- Since the question is asked with regards to the Indonesian economy at large, one way of structuring your answer is via the 4 macro goals.

- Review the case evidence to ascertain if Indonesia is a net exporter or net importer of oil. That will be important for your analysis.

- Try to support your points with evidence from the case as far as possible. For this question, Table 1 will be particularly helpful.

4. Assess how the measures taken by the Indonesian government will affect the rupiah. (8)

- Identify the measures from the case.

- An assessment would require you to explain how each measure impacts the currency as well as the extent of the impact.

HBL Activity #3: Guided CSQ - Indonesia’s Oil Struggle (S35)

2010-05-06T16:19:00.001+08:00

HBL Activity #3: Guided CSQ - Indonesia’s Oil Struggle (S43)

2010-05-06T16:17:00.001+08:00

HBL Activity #3: Guided CSQ - Indonesia’s Oil Struggle (S63)

2010-05-06T16:14:00.004+08:00

Foreign Exchange & BOP - HBL (S32)

2010-05-06T16:12:00.003+08:00

Referring to HBL activity #2, respond to the question below:
Why might some countries have a sustained surplus or deficit on their current account? Refer to specific countries whenever possible.

Foreign Exchange & BOP - HBL (S35)

2010-05-06T16:12:00.001+08:00

Referring to HBL activity #2, respond to the question below:
Why might some countries have a sustained surplus or deficit on their current account? Refer to specific countries whenever possible.

Foreign Exchange & BOP - HBL (S43)

2010-05-06T16:11:00.000+08:00

Referring to HBL activity #2, respond to the question below:
Why might some countries have a sustained surplus or deficit on their current account? Refer to specific countries whenever possible.

Foreign Exchange & BOP - HBL (S63)

2010-05-06T16:05:00.003+08:00

Referring to HBL activity #2, respond to the question below:
Why might some countries have a sustained surplus or deficit on their current account? Refer to specific countries whenever possible.

Economic Growth (S32)

2010-03-22T22:37:00.005+08:00

Question for discussion:
Should a government only pursue economic growth as its macroeconomic goal?

Tasks: Each group is to read the link in Webquest:
http://zunal.com/webquest.php?user=37349
and research on the respective countries assigned below as the context to respond to the above question:

Group
(1) Singapore
(2) China
(3) Thailand
(4) India
(5) S. Korea

Economic Growth (S35)

2010-03-22T22:37:00.003+08:00

Economic Growth (S43)

2010-03-22T22:37:00.001+08:00

Economic Growth (S63)

2010-03-22T09:59:00.006+08:00

NIA - Bhutan's Gross National Happiness (S63)

2010-02-10T14:11:00.006+08:00

Read the 1st two paragraphs on the origin of GNH at:
http://en.wikipedia.org/wiki/Gross_national_happiness

and watch a short 8’38’’ video on "Happiness in Bhutan" at:
http://news.bbc.co.uk/2/hi/in_pictures/4782636.stm

Other useful references:
1)http://tutor2u.net/economics/content/topics/livingstandards/measuring_sol.htm

2)http://www.bized.co.uk/virtual/dc/copper/theory/th11.htm

3) http://www.bized.co.uk/virtual/dc/farming/theory/th3.htm

You should then be able to engage your friends and respond to the following question:

1) Discuss whether Gross National Happiness is a good measure of living standards.

NIA - Bhutan's Gross National Happiness (S43)

2010-02-10T14:10:00.005+08:00

NIA - Bhutan's Gross National Happiness (S35)

2010-02-10T14:09:00.006+08:00

NIA - Bhutan's Gross National Happiness (S32)

2010-02-10T14:07:00.005+08:00

Globalisation

2010-02-03T13:23:00.004+08:00

Using either the 4Ps (possibilities, principle, problems and policies) and 1G (goals or objective) or 4Cs (concepts, causes, consequences and cures), provide your comments on the following question:

1. "The trend towards globalisation leaves no room for protectionism".
(a) Account for the trend towards globalisation.
(b) Discuss whether you agree with the above-capitoned view.

References
1) http://www.youtube.com/watch?v=OhuV_rmf5Mg&feature=related
2) Globalisation: http://www.globaleducation.edna.edu.au/globaled/go/cache/offonce/pid/178

Cost-Benefit Analysis (CBA)

2010-01-10T16:08:00.011+08:00

Resources for self-study:
Sources:
(1) Definition of CBA
http://www.britannica.com/EBchecked/topic/139466/cost-benefit-analysis
(2) Introduction to CBA
http://www.sjsu.edu/faculty/watkins/cba.htm
(3) Critical Thinking: Read the section on "Learning the Elements & Standards of Critical Thinking" in the link below:
http://http://www.criticalthinking.org/starting/high_school.cfm/
(4) Webquest link on problem based learning on CBA: http://zunal.com/webquest.php?w=50298

Questions for comments:
(1) Based on the framework given in critical thinking, what are the 8 elements of thoughts
(2) From the paper "Introduction to CBA", discuss the various stages that are involved in CBA of any projects, giving illustrations and examples.

Questions Corner

2009-09-11T14:11:00.000+08:00

Any questions or insights to share, this is the place.

Micro Economic Articles

2009-07-31T16:18:00.000+08:00

Pigouvian tax on junk food - a useful article on negative externalities.
http://www.economist.com/businessfinance/displaystory.cfm?story_id=14120903

Inspirational Corner

2009-07-17T14:03:00.000+08:00

A Winner's Creed
If you think you are beaten, you are;
If you think you dare not, you don't;
If you'd like to win, but think you can't,
It's almost a cinch you won't.

If you think you'll lose, you've lost,
For out in the world we find
Success begins with a person's faith;
It's all in the state of the mind.

Life's battles didn't always go
To the stronger or faster hand;
They go to the one with the right attitude
And always thinks "I can".

~ Author unknown

Excellence
Excellence is dedication
To a job that is hard to do
Going the extra mile
And always trying to follow through.

Excellence is communication
Sharing everything you know
And learning how to listen
So your expertise will grow

Excellence is appreciation
Of the talent that you see
Acknowledging a job well done
Inspires success and loyalty

Excellence is aspiration
With a higher goal in mind
To reach for things
Of a more rewarding kind

~ Jill Wolf

Chit Chat Corner

2009-07-16T09:42:00.000+08:00

A place to say hello, share a joke and / or experiences.
Cheers.