Wednesday, December 22, 2010


I think that macroeconomics will be about how large corportations work in the economy. I'm interest in this topic because I get to know how these corportations affect the economy. I hope to learn about the business cycle, the global market, and the output-expenditure model.

Tuesday, December 21, 2010

How Technology Makes The World A Better Place

                 Technology has changes the world and made our lives easier. We use computer to search for websites that will be helpful for school projects. We can download music on our Ipods and listen to them where ever we go. We can walk while talking on our cell phones and texts our friends. Every day people are making new technology to make our lives more easier. For example the Ipad can access the Internet and download books, magazines, newspapers and cooking recipes. You can watch YouTube, videos, and movies on the Ipad and you can even play games on it.   

Monday, December 20, 2010


Other companies compete each other in the same way by trying to make the perfect product. If the prices are close I would select the product that I love the most. A market structure that requires that companies compete over something other than price is monopolistic competition.

Wednesday, December 15, 2010


Natural Monopoly: There is only one water service in every town.

Geographic Monopoly: A general store in a remote Alaska community.

Technological Monopoly: Apple Inc. is know to make new technology that other company can't make.

Government Monopoly: No other postal service can compete with the U.S. Postal Service.

Tuesday, December 7, 2010


The one monopoly or cartel that I want broken up is the oil company. The reason to why I want to break this monopoly is because their set the price of oil is high. If this monopoly was broken up then there would be competition in the oil industry. If there competition in the oil industry then the price for oil would be low. The change would benefit alot of people because it might encourage greater competiton and then the price for oil would be lower. People would buy more oil to heat their home in the winter.

Monday, December 6, 2010


1. Cosumers can get products that are priced lower in competitive markets.
2. Seller differentiate thei products in nonprice competition.
3. Dimands are an example of market where a cartel exists.
4.Cartel are group of companies openly organized to set prices
5. Collusion sellers secretly agree to set production levels or prices for their products.
6. Trusts is another word for the huge monopolies that dominated the era of "big business".
7. Interstate Commerce Act was the 1st antitrust law passed.
8. Interstate Commerce Commission oversaw the railroads industry.

Friday, December 3, 2010

Post 3

Diferent companies try to sell the same jewerly.
Different companies try to sell their perfume. These products are the same even if the companies claim their product is different. 

Two or three companies domain the market place. Pepis and Co. contol the soft drink industry.

One company controls the market place foe a certain product. Apples controls the Ipads market.

Diferent companies try to sell their cars to people. There is a large number of sellers for cars.

Wednesday, December 1, 2010