Here’s a MindMap for Chapter 22 on The Banking System.
Remember that all MindMaps on the blog are in pdf format so you will Adobe Reader to view the files.
Well done to Brian Byrne on winning the 4A3 Stock Competition. His winning portfolio showed a return of €7,335.14 in just over two weeks - a great return given the current stock market performance. Over 80% of students that entered the competition made a profit.
How the competition works:
Students were given €100,000 to invest in shares on any stock market. The portfolio could only contain a maximum of five stocks and a minimum of three. The maximum investment per stock was €40,000 and the minimum per stock was €5,000. Exchange rates were fixed for the duration of the competition and no trading of shares was allowed during the competition.
The winner of the 4A6 Stock Competition will be declared on Wednesday May 21st.
This video explains Price Elasticity of Demand.
Computers go on sale in Cuba for the first time
Published May 6, 2008 Economics 0 CommentsTags: cuba, economy
Cuba’s economy continues to move away from being centrally planned to a more free market economy. Computers went on sale in Cuba for the first time last week. Cubans can now also use mobile phones, buy DVD players and access luxury hotels for the first time.
He bet on the credit crisis - and made $3.7bn
Published May 3, 2008 Economics , Stock Market 0 CommentsTags: subprime crisis
We have all heard of the “credit crisis”, the “subprime crisis” or the “credit crunch” this year. Banks have lost billions and stock markets have fallen, However, not everyone has lost money. One individual did predict the credit crisis and has made a huge profit.
He is John Paulson, a previously obscure hedge fund manager from New York, who took home $3.7bn (£1.9bn) last year, after betting on a calamity in the mortgage market.
Subject Choice Poll
Published April 21, 2008 Accounting , Business , Economics 0 CommentsTags: subject choice
Why study Economics?
Published April 13, 2008 Economics 1 CommentTags: subject choice, why study economics
Transition Year students will soon be making their subject choice for next year.
So what is Economics?
Economics is an interesting and challenging subject that engages students and offers excellent prospects after graduation. Nearly every higher education institution offers economics, either as a single/joint honours course or as a subsidiary part of degrees as diverse as medicine and history.
You may have already completed a module this year on Economics but you can find out more about Economics as a subject for Leaving Certificate by going to the Why Study Economics website.
There you can read reviews of past and present students, take an online quiz and see what jobs economics graduates get.
You should also download and read the LC Economics Syllabus before making your choice.
Finally, if you have any questions on Economics, Business or Accounting then post them here by clicking on the Comments button at the top of this post.
National Income Quiz II has been sent to your Google Apps account.
Mindmap for National Income
Published April 1, 2008 Economics 0 CommentsTags: mindmap, national income, Y
Here is a mindmap for revising National Income.
The mindmap is a pdf file. Print a copy for your notes.
Irish banks borrowed €39.4bn from ECB in 2007
Published March 26, 2008 Economics 0 CommentsTags: ecb
Irish banks borrowed €39.4bn from the European Central Bank in 2007. This is 45% higher than the total amount borrowed in 2006.
The ECB regularly lends money to financial institutions in order to improve liquidity. Some Irish financial institutions use the ECB facility on a regular basis to finance part of their balance sheets, using their residential mortgage assets as collateral. All banks regard the facility as a continuous source of funding.
Borrowing by Irish banks from the ECB in 2007:
- EBS - €2.3bn
- Irish Life & Permanent - €5.3bn
- Bank of Ireland - not disclosed
- AIB and Anglo Irish Bank - no borrowing
