Economics @ ITT

Air Canada and United May Not Coordinate Supply and Pricing

Posted in economics, microeconomics by ittecon on October 25, 2012

Canadian government offers consumers protection against monopoly power.

Under the deal, the airlines have agreed not to coordinate prices or the number of seats available at each price, to pool revenue or costs or share commercially sensitive information on the 14 high-demand routes.

via Air Canada, United settle with Canada on routes | Business | Reuters.

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CHART: How Many Minutes Of Work Does It Take To Buy A Beer In Your Country?

Posted in economics by ittecon on October 12, 2012
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How Not to “Feed the World”

Posted in economics by ittecon on October 11, 2012

Two thirds of agricultural land deals by foreign investors are in countries with a serious hunger problem. Yet perversely, precious little of this land is being used to feed people in those countries, or going into local markets where it is desperately needed. Instead, the land is either being left idle, as speculators wait for its value to increase and then sell it at a profit, or it is predominantly used to grow crops for export, often for use as biofuels.

via How Not to “Feed the World” | Mother Jones.

147 Companies Control 40% of the World’s Wealth

Posted in Uncategorized by ittecon on October 11, 2012

What they found, they say, was an economy so deeply interconnected that its structure is alarmingly susceptible to shocks.

via Super-Entity Of 147 Companies At Center Of Worlds Economy, Study Claims.

Instability – Not Stability – Is What Defines Our Economies

Posted in economics by ittecon on October 3, 2012

If you are trying to navigate your way through a mountain range, you don’t ask a geologist; you ask a guide who has explored the mountain range in detail.

via Instability – not stability – is what defines our economies « Real-World Economics Review Blog.

Women Think Differently in the Dismal Science

Posted in economics by ittecon on October 3, 2012

Despite similar training and background in economic principles, male and female economists tended to hold sharply different views about some of the biggest and most hotly debated economic issues.

via Women think differently — even in the ‘dismal science’ – Life Inc..

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Introduction to Economics – Online Video Course

Posted in economics by ittecon on October 1, 2012

UC Berkeley – Economics 1 – Introduction to Economics Fall 2011. This consists of 24 video lectures given by Professor Kenneth Train, which is a survey of economics designed to give an overview of the field. Economics 1 is an introductory course in economic principles. The course covers both microeconomics and macroeconomics. Topics include: economic modeling; allocation of resources; firm decision-making; imperfect competition; economic analysis of unemployment, inflation, and economic growth; the role of government in the domestic economy; international trade and finance; and U.S. economic policies of the last quarter century. Primary emphasis is placed upon acquiring skills with which to analyze current economic issues.

via UC Berkeley – Economics 1, 001 – Introduction to Economics Fall 2011.

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