Why bother about inflation…
… just change the figures.
Argentinia is taking a brilliant approach to tackle their inflation rate. They just leave out those products with the most significant price increase.
What a good idea !
Economist published an article on this strange practice:
http://www.economist.com/world/la/displaystory.cfm?story_id=11546117
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Teststoff 2. Test Online
Time has come for another daunting geography test. As the weather forecast predicts mediocre – not to say lousy – weather, why not enjoy some “me-time” with your geography books…
Btw, I have just discovered this “COMMENT” function. Just in case there are any questions, you can leave them on the platform and I will try to answer them.
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Clustering
The word “cluster” is generally defined as “a group of similar objects growing closely together”. If we have a look at the AUTOMOTIVE CLUSTER in Graz, we can see that this definition fits perfectly into an economic context.
The following slides give a basic idea about clustering and provide some introductory statements. ENJOY!
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Which university???
Just in case one of you guys has the insane idea to go to university after being tortured for an incredibly long 8 years then here is a ranking about different universities and colleges throughout Europe. Please note that only two (or so) AUSTRIAN universities took part in the study, but why not study abroad anyway???
The study is featuring quite a number of different subcatgories and criteria but you’ll find your way around (if not forget about university).
http://ranking.zeit.de/che9/CHE
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Competitive Advantage
What challenges do firms in different industries have to face and which countries/ nations/ regions enable those companies to master these challenges most effectively? A question of competitive advantage.
The following script tries to describe the decision making process firms have to undergo to find their position within their competitive environment. First we will highlight the basic strategic issues that every firm in every industry has to tackle to ensure success. Later on we are going to look at why one nation provides more advantages in one area than another nation and which factors determine a nation’s competitive advantage.
The script is largely based on Michael E. Porter’s work “The Competitive Advantage of Nations“. Porter is considered the leading expert in the field and has published several most influential works.
The book is available at amazon.de (http://www.amazon.de/Competitive-Advantage-Michael-E-Porter/dp/0684841460/ref=sr_1_3?ie=UTF8&s=books-intl-de&qid=1208977461&sr=1-3)
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Article on Inflation in Austria
I found a very well researched article about inflation in Austria on the OENB Server. This study published in 2005 focuses in particular on perceived inflation and shows how actual inflation deviates from perceived inflation.
Perceived Inflation in Austria – Extent, Explanations, Effects
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International Trade
Why does it make sense to do business with foreign countries even if your country seems to be more productive in all areas? The answer is Ricardo’s theory of comparative advantage. Have a look!International Trade
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Three – point – two %
Due to a quite decent inflation rate in Austria “derStandard” was kind enough to feature some interesting articles on inflation and how Austrian politicians approach the issue and what REAL experts think about it.Articles on Inflation (Source: derStandard.at)
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Teststoff (now online)
The .pdf file contains relevant information on the subject area of the test on February 1 2008. The questions given serve as EXAMPLES of possible questions in the test (and they are meant to reduce the threat of a daunting Geography test a little bit 
).Teststoff 7.C - 01-02-08
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