Economics for Business and Management Essay Example | Topics and Well Written Essays - 2000 words

Economics for Business and Management - Essay Example According to Adams (2013), tin is mainly used in the manufacture of electronic items, and considering that the semiconductor sales which are a good indicator of the performance of the electronics industry, which seem to have moderately improved after undergoing a lengthy failing period from the summer of 2011 to the last quarter of 2012. The direct relationship between tin consumption and its price is demonstrated in figure 2 in comparison with figure 1; here it is clear that the price of the commodity increases when its demand is high and decreases when its demand is low. 9 9 Figure 2: Source: ITRI (http://www.fastmarkets.com/tin-analysis-and-research/tin-q12013) 9 Conclusion 10 References 11 Adams, W., 2013. Tin Analysis and Forecast Q1 2013. [ONLINE] Available at: 11 [Accessed 30 December 2013]. 11 Base metals.com., n.d. All about Tin. [Online] Available at: [Accessed 30 December 2013]. 11 Fraser, C., 2013. Tin Price set to move higher in 2013. [online] Available at: [Accessed 30 December 2013]. 11 Gandolfo, G., 2004. ... New York: NBER. 11 Tucker B., 2010. Macroeconomics for Today. Boston, MA: Cengage Learning. 12 TASK A Will the new carbon price results to decrease in pollution levels? Climate change is a serious and rampant global challenge that requires the input of all nations in addressing it. There is urgent need for concerted efforts of international response and national efforts to reduce greenhouse gas (GHC) emissions. The international community has made efforts to reverse this ugly trend by setting up The United Nations Framework Convention on Climate Change (UNFCCC) whose main mandate is to respond to climate change. Frank (2007) asserts that the convention has set up The Associated Kyoto Protocol, a global agreement that categorizes countries by their level of industrialization and commits some countries to reduce their CGH emission rates. The Kyoto Protocol requires developed countries to reduce GHG emissions to 5 per cent below 1990 levels by 2012. It is prudent to note that climate ch ange experts concur that tagging price on greenhouse gas release emissions is a potent strategy in a range of solutions put in place to curb the adverse effects of climate change. There is need for an effective carbon pricing system in which every tonne of pollution comes at a cost as opposed to being free. The system in structured in such a way that dirty energy sources pay more in carbon tax. The idea is logical and should not be viewed by the affected parties as a radical one; it is the best way to make entities embrace green technologies. For instance, if a pricing system exists, the economy will find it cost effective to build wind turbines instead of coal plants; instead of driving gas-powered cars, the economy will chose electric vehicles powered by renewable energy