Tuesday 29 September 2009

Week Two: Global Resources

Hi there,

   A quick recap from yesterday’s meeting – 40-minute documentary about the history, current stance and future prospects / threats regarding global resources. How should we manage them in order to achieve a sustainable growth? How can rich countries help the poorer ones? Should they? What are the possible dangers arising from inadequate (ab)use of the world’s resources? These and other questions were gradually being answered during the process of film watching. Afterwards, 20 minutes of discussion in four groups.

Here’s what they had to say,

Group 1

Q. How can poorer countries be influenced into preserving their natural resources?

A. Um, maybe teams of experts to be sent to those countries? Can help at the local, regional and national level – where to allocate what at optimum quantities using efficient technology. Just an idea.

Q. How can we better manage our own resources?

A. ( i ) group of experts set by government
    ( ii ) authority to impose sanctions and fines on firms/institutions that are maintaining activities which cause too much of environmental damage

Q. Do you consider resource management to be a vicious or virtuous cycle?

A. This is a question of finding the perfect equilibrium between growth (development) and environmental preservation. Depends where you find that point.

Q. Why are some countries less inclined to combat climate change; how does this affect other countries who are trying to make improvements?

A. ( i ) incompetent government
    ( ii ) corruption
    ( iii ) financial restrictions -> opt for development -> betterment of society -> no funds for green technology

    ( i ) disincentive for improvement-seeking countries -> wastage of efforts

Group 2

Group 3

Group 4

Representatives of remaining groups are more than welcome to present the groups' views. Yup, can post the answers as a comment to this post, for instance.

Cheers,
John A62

Tuesday 22 September 2009

Week One: Introduction to Economics Club

Hi there,

   First meeting of school year 09/10 is behind us. The attendance was shockingly high, 30+ people crammed into a tiny 25-30m2 classroom. Oh wells, at least was warm. Dokey, Melina – this year’s chairlady, started off with presenting each section of the Economics Club. Will do the same,

   Blog – run by me. I try to put some interesting (normative statement) links, news and videos. Reviews of economics publications to be expected from time to time. Anyone interested in reading any of the books mentioned on the blog, feel free to contact me. Aye, might post some exemplary exam answers for A-levels as well.

   Forum bcleconomics.lefora.com – administrated by me and Elena. Loads of revision materials available + some sections to discuss economics related topics. Not really active but hopefully with time will attract more users. Shall see.

   Public lectures – Linura is responsible for informing you, me, us when and where there will be a lecture worth attending. Personally, already have an eye on some of them. Important point – it’s for free. Usually held in LSE. Rarely in UCL. For a leaflet with all the lectures in Sept-Dec 2009, click here.

   Pub Economics – Aigul’s and Mika’s joint baby. They came up with an idea to have economics conversations while sipping a pint of beer. The topics usually hover around areas not directly related to A-level syllabus, sometimes not all.

   Student Investor Challenge studentinvestor.org – one of the competitions I look forward most to. Teams made up of four members compete against 10,000 other teams in UK-wide challenge in which the aim is to invest 100,000 of virtual money and after three months finish with the highest possible profit. Know nothing about shares/stocks/securities/bonds/trusts. Will be fun. Oh, might work as an incentive – a trip to New York + cash is up for grab.

   Essay competition – held jointly by Bellerbys Colleges from London and Oxford. Every now and then there will be a set topic for both schools, fixed amount of words, one prize. Winner takes it all.

   Book Club – the new thing, run by Tatiana. The concept is simple - you read, you write a review, we publish it, people read your review, people read the book you have read. And so on and on and on. More details here.

   That’s it for now. Next week – Introduction to supply and demand. Monday 5PM, we’re moving to 222-223, be there.

Cheers,
John A62