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Thank you so much for the comment and support. Very happy that the video and my IB Economics RUclips channel is a contribution to your learning. I lived in Tokyo nearly 20 years ago and absolutely loved my time and experience there. ドメニコ です
HELP... Do you think this is a good IA article? (Bali introduces ‘Foreign Tourist Levy’ to boost sustainability). Instead of indirect tax, its levy. But doesn't it only affect the demand curves not the supply curves, if thats the case, will that lead to a weak analysis...
Thank you for your question. Yes, that article could work for a Micro IA. Although a tax on the consumer is not on the IB syllabus, you could use that model. Essentially, the model looks like a tax on producer model, but supply does not shift, instead, the demand curve shifts in. Price for the producer will fall and the price paid by the consumer will rise (just like a tax on the producer model). Perhaps, you could argue that excessive tourism in Bali is a negative consumption externality (as it puts pressure on hospitality services - leading to increased waste and pollution, reducing sustainability due to over consumption). And how the "tourist levy" could reduce some demand for the negative consumption. You can then argue how the Bali government will use the tax revenue generated for sustainability purposes (positive production models - investments in hospitality to be "green" and how the provision of culture and traditions in Bali are also positive production). I would encourage you to speak with your teacher to see if they agree. Your teacher should review and approve your article before you commit to writing your IA. So, proactively speak with your teacher about their thoughts on this article. Hope this helps. All the best, Domenico
Support EZ NOMICS in our mission to provide free video tutorial resources for students worldwide.
* You can buy me a coffee, or two, or three: www.buymeacoffee.com/EZNOMICS
* Or donate via PayPal: www.paypal.com/donate/?hosted_button_id=AENXYBZTNXA8A
EZ NOMICS merchandise is available from the following online stores:
* ez-nomics.teemill.com/
* ez-nomics.creator-spring.com/
Thanks, it was a good summary for my Economics Mock exam.
Thank you so much!
Wishing you the very best with your mock exam,
Domenico : )
The best video ever for economics that is very easy to understand and logically explains each step!! Thank you so much for making this video :)
Thank you so much for the comment and support. Very happy that the video and my IB Economics RUclips channel is a contribution to your learning. I lived in Tokyo nearly 20 years ago and absolutely loved my time and experience there.
ドメニコ です
HELP... Do you think this is a good IA article? (Bali introduces ‘Foreign Tourist Levy’ to boost sustainability). Instead of indirect tax, its levy. But doesn't it only affect the demand curves not the supply curves, if thats the case, will that lead to a weak analysis...
Thank you for your question. Yes, that article could work for a Micro IA. Although a tax on the consumer is not on the IB syllabus, you could use that model. Essentially, the model looks like a tax on producer model, but supply does not shift, instead, the demand curve shifts in. Price for the producer will fall and the price paid by the consumer will rise (just like a tax on the producer model).
Perhaps, you could argue that excessive tourism in Bali is a negative consumption externality (as it puts pressure on hospitality services - leading to increased waste and pollution, reducing sustainability due to over consumption). And how the "tourist levy" could reduce some demand for the negative consumption.
You can then argue how the Bali government will use the tax revenue generated for sustainability purposes (positive production models - investments in hospitality to be "green" and how the provision of culture and traditions in Bali are also positive production).
I would encourage you to speak with your teacher to see if they agree. Your teacher should review and approve your article before you commit to writing your IA. So, proactively speak with your teacher about their thoughts on this article.
Hope this helps.
All the best,
Domenico
@@EZNOMICS How did you manage to reply my every comments! Thank you so much I will take your advice and ask my teacher for approval !!!
@@ka5hake946 Very happy to help! Wishing you the best in your studies : )
All the best,
Domenico