Rising interest rates

Pick any article talking about the European Central Bank (ECB) or the Federal Reserve (FED) raising interest rates to curb inflation. Some talking points:

 

  • When central banks raise interest rates, it means that they are charging higher interest rates to lend money to commercial banks which in turn charge higher interest rates when lending to consumers. This can affect the economy in several ways. Firstly, it makes borrowing more expensive for businesses and individuals, which can slow down economic growth. It can also make savings accounts more attractive, which can encourage people to save more money instead of spending it.

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Economic growth in Germany: changes in inflation, unemployment

Part of the syllabus: Macroeconomics Article
Source: Yahoo News / Deutsche Welle
Date of the article: 2017-06-26 / 2017-06-20
Link to article: German business sentiment ‘jubilant’: IfoIfo projects stronger German economic growth
Any other similar article, no matter the date, would fit the suggested talking points. Articles which talk about the Ifo report are great because there’s a little bit of analysis and a bunch of figures/facts you can use. So, Germany’s expectations of the future are better than ever before, unemployment is low and falling, inflation might start picking up as well. Can we use economic concepts to explain what is happening in the country? How are the main economic variables connected?

Talking points for your Macroeconomics Internal Assessment:

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Expecting an increase in meat prices

Part of the syllabus: Microeconomics Article
Source: Krugersdorp News
Date of the article: 2016-12-22
Link to article: Meat prices expected to increase up to 15 per cent
The festive season is here. The article argues it affects the demand for red meat. Recent droughts have increased red meat slaughtering which lead to growing supply. How could these changes in demand and supply lead to possible increases in meat prices? Surely a “meaty” article for your IA!

Talking points for your Microeconomics Internal Assessment:

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Depreciating pound – a blessing or a curse for the UK?

Part of the syllabus: International Economics
Source: The Independent
Date of the article: 2016-10-04
Link to article: The pound has hit a 31-year low
Brexit – a topic that hundreds of IB Economics students will discuss in their internal assessments and extended essays. This time let us take a look at the depreciating pound. It has fallen lower than anyone expected. What effects will this have on the UK economy?

Talking points for your Internal Assessment:

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Price cap on stents in India

Part of the syllabus: Microeconomics
Source: The Economic Times India
Date of the article: 2016-07-20
Link to article: India sets a maximum price on stents
A great Microeconomics IA article for you. Price ceiling is introduced on stents in India – how will this affect the market for stents? What about the fact that they will become more attainable to everyone… Could that lead to positive externalities associated with better healh?

Talking points for your Internal Assessment:

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Cauliflower prices

Part of the syllabus: Microeconomics
Source: —
Date of the article: 2016-05
Link to article: —
This time – no article. Simply use Google News “Cauliflower Prices” or “Cauliflower Demand” or anything else related to Cauliflower. Recently, supply took a dive after recent droughts and/or colds around the world. Demand surged following Paleo and other low-carb diets. This is a great economic phenomenon to discuss in your Microeconomics IA!

Possible talking points:

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Gas prices are low – why aren’t energy prices falling?

Part of the syllabus: Microeconomics
Source: The Telegraph
Date of the article: 2016-04-13
Link to article: Falling gas price effect on the energy market
This is an IB Economics Microeconomics IA article. It talks about falling gas prices and tries to discuss reasons why that lower gas price does not translate to lower utility bills. There must be plenty of microeconomics in this…

Possible talking points:

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US imposing anti-duping tariff on Chinese steel

Part of the syllabus: International Economics
Source: The Wall Street Journal
Date of the article: 2016-03-01
Link to article: U.S. Imposes 266% Duty on Some Chinese Steel Imports (save the article once you have opened it! – this website is subscription based and you will not be able to reopen the article for free)
An IB Economics IA Article International Economics part of the syllabus. The article is about US imposing an anti-dumping tariff on Chinese steel. Is this a sustainable solution?

Possible talking points:

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Israel plans to lower tariff on farm products

Part of the syllabus: International Economics
Source: Haaretz – Israeli News source
Date of the article: 2016-02-21
Link to article: Israel to Reduce, Eliminate Tariffs on Farm Products (save the article once you open it as this website requires a subscription! or you can use this link instead: Alternative link; you can also try googling the title of the article and accessing it through google)
An IB Economics IA Article International Economics part of the syllabus. The article talks about Israel’s plans to reduce or even completely eliminate tariffs on farm goods.

Possible talking points:

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