Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S21GROUP4 en-us 2016-04-06 00:35:09 UTC 2023-02-18 15:08:58 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258835 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258835 News Article lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258836 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258836 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258837 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258837 Group name: lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258838 Please write out the names of the members in the group.
1. Poh Yang
2. Sara
3. Li Yuan
4. Shen Yi
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258838 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258839 Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.]]> 2016-04-04 06:04:45 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258839 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258840 Dear Students,

Welcome to Home-Based Learning 2016!

By now, you should have the list of the team members in your group. Each team will analyse 2 articles below to identify 3 evidence/information (2 Demand + 1 Supply or 2 Supply + 1 Demand factors)  to answer the following essay question:

a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.

To discuss the answers with your group members, double click anywhere on the wall and a virtual "sticky note" will appear at the top. From, enter your name, then you can use the "sticky note" to "chat" with each other. 

For example, Miss Lee: I don't think that is a non-price factor that affects demand. Please remember to write your name before the statement :) 

Lastly, please identify these non-price determinants of demand & supply by quoting the relevant phrases from the article. 

For example, as stated in article 1, "the recession in Europe has hit demand". After quoting the evidence for the article please proceed to explain how this non-price factor affects demand or supply with economic rigour. 

I have provided some scaffolding statements to guide you in your essay development. Address each statement by writing the essay segment in the respective sticky note. Press the pencil button to write the respective essay segment.

]]> 2016-04-04 06:06:48 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258840 Introduction lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258841 Explain market mechanism:
Market mechanism is a term from economics referring to the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs to produce the best distribution of goods and services.

Define demand:
Demand is defined by the amount of a good that consumers are able and willing to purchase in a given period of time at various prices

Define supply:

Supply is defined as the amount of a good that producers are able and willing to offer to sale in a given period of time at various prices .


]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258841 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258842 At intial equilibrium, where D1 meets S1, the equilibrium is E1 and price and quantity is P1 and Q1 respectively.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258842 Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand) lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258843 Demand factors:
1.  Availabilty of substitutes
"drinkers are filling their pots with cheaper robusta beans-what Kona Haque of Macquarie dubs the "emerging-market coffee" -->article 1 Demand ( cheaper alternative like substitutes ) --> Demand for arabica coffee beans decreases due to the increase in amount of substitutes. Leftward shift for the demand curve, c.p

"wages are rising fast in Brazil and Colombia" article 2. -> econs terms: sharp increase in income 
The reason is that production of coffee, and of cheaper robusta beans in particular, is booming. Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today. The result is an oversupply of coffee.

 the recession in Europe has hit demand and squeezed profits for roasters. These processors, including big food firms such as Nestlé and Kraft, have responded by blending cheaper robusta with arabica. As a result robusta prices have not fallen as fast as arabica. ]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258843 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258844 The demand curve will shift to the left and the supply curve will shift to the right .Demand curve will shift more than the supply curve . ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258844 Body: Using the market adjustment process, explain how the shift(s) changes the equilibrium price and quantity (Explanation of diagram): lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258845 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258845 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258846 The final equilibrium, where D2 meets S2, is at E2 and price and quantity is at P2 and Q2 respectively]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258846 Conclusion lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258847 The concurrent fall in demand and increase in supply would reinforce each other to cause each other to cause a sharp rise in equilibrium price . However , the effect of equilibrium is indeterminate as it depends on the relative changes in demand and supply . The fall in demand is greater than the increase in supply , equilibrium quantity will fall. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258847 Chat Box lee_xueting https://padlet.com/lee_xueting/16S21GROUP4/wish/104258848 Mr WOng: Guys pls start filling in the various segments 

why no writing from you guys
Shen Yi: Sorry still reading :/

]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S21GROUP4/wish/104258848