Morocco tourism

The country's attractions can be divided into seven regions:

• the four Imperial cities — the four historical capital cities of Morocco: Fes, Marrakesh, Meknes and Rabat
• Marrakech
• Casablanca — Morocco's largest city; home of the Hassan II Mosque, which has the world's tallest minaret
• Tangier and the surrounding area
• Ouarzazate — a noted film-making location; the fortified village (ksar) of Ait Benhaddou west of the city is a UNESCOWorld Heritage Site
• Agadir and its beach resorts
• Tarfaya and its beach resorts

Source:(www.en.wikipedia.org)

https://www.lonelyplanet.com/morocco

http://www.visitmorocco.com/index.php/eng/

Greece tourism

Greece is located in south-eastern Europe, on the southern end of the Balkan Peninsula (Haemus peninsula); it lies at the meeting point of three continents – Europe, Asia and Africa. Greece borders to the North on Bulgaria and the Former Yugoslav Republic of Macedonia (F.Y.R.O.M.), to the Northwest on Albania, to the Northeast on Turkey; to the West it is washed by the Ionian Sea; to the South by the Mediterranean Sea and to the East by the Aegean Sea.

The total area of Greece is 131,957 km² and consists of three main geographic areas:

a peninsular mainland (that extends from the region of Central Greece on the South to the region of Thrace on the North) being the biggest geographic feature of the country

the Peloponnese peninsula that is separated from the mainland by the canal of the Corinth Isthmus,

and around 6.000 islands and islets, scattered in the Aegean and Ionian Sea, most of them grouped in clusters, that constitute the unique Greek archipelago. Crete, Rhodes, Corfu, the Dodecanese and the Cyclades are some of the famous and popular islands and island clusters in Greece.

Eighty percent of the country consists of mountains or hills, making Greece one of the most mountainous countries of Europe; furthermore, it has 16.000 kilometres of coastline of which 7500 are found around the thousands islands of the Greek archipelago, a truly unparalleled phenomenon on the European continent.

www.visitgreece.gr

Tourism in IBIZA

Ibiza (Catalan: Eivissa [əjˈvisə])^[p] is an island in the Mediterranean Sea off the east coast of Spain. It is 150 kilometres (93 miles) from the city of Valencia. It is the third largest of the Balearic Islands, an autonomous community of Spain. Its largest settlements are Ibiza Town (Catalan: Vila d'Eivissa, or simply Vila), Santa Eulària des Riu, and Sant Antoni de Portmany. Its highest point, called Sa Talaiassa (or Sa Talaia), is 475 metres (1,558 feet) above sea level.

Ibiza has become well known for its association with nightlife, electronic musicthat originated on the island, and for the summer club scene, all of which attracts large numbers of tourists drawn to that type of holiday. The island's government and the Spanish Tourist Office have been working to promote more family-oriented tourism.

The port in Ibiza Town is a UNESCO World Heritage Site.

Source:(www.en.wikipedia.org)

www.ibiza.travel/en/

Haiku about money-I

Please open your eyes
Humans went oceans and seas
Most, lost their souls
For only gold
Souls sold
With the ships old
The wise man told


Murat BAYRAKTAR

Millennials

Millennials are those who born between 1980 and 1995. There are about 80 million of them. One of the largest generations in history.  

Social media economics

Mercantilism?

Mercantilism was an economic theory and practice dominant during the 16th to the 18th century.

Oscar Wilde on money

Arthur Schopenhauer on money

Gurdjieff on money

OSHO on money

Top 10 NBA player salaries of 2016-2017

Source:(www.espn.com)

Hollywood economics

Deductive method in economics

All man are mortal
Socrates is a man
Therefore, Socrates is mortal

Economy of the United States of America

The United States is the world's largest national economy in nominal terms and second largest according to purchasing power parity (PPP), representing 22% of nominal global GDP and 17% of gross world product (GWP). The United States' GDP was estimated to be $17.914 trillion as of Q2 2015. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its science and technology, its military, the full faith of the US government to reimburse its debts, its central role in a range of international institutions since World War II and thepetrodollar system. Several countries use it as their official currency, and in many others it is the de facto currency.The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. Its seven largest trading partners are Canada,China, Mexico, Japan, Germany, South Korea, and the United Kingdom.^[

The US has abundant natural resources, a well-developed infrastructure, and high productivity. It has the world's ninth-highest per capita GDP (nominal) and tenth-highest per capita GDP (PPP) as of 2013. Americans have the highest average household and employee income among OECD nations, and in 2010 had the fourth highest median household income, down from second highest in 2007. It has been the world's largest national economy (not including colonial empires) since at least the 1890s.^[

The U.S. is the world's largest producer of oil and natural gas. It is one of the largest trading nations in the world as well as the world's second largest manufacturer, representing a fifth of the global manufacturing output. The US not only has the largest internal market for goods, but also dominates the trade in services. US total trade amounted to $4.93T in 2012. Of the world's 500 largest companies, 128 are headquartered in the US. The consumer market of the US represents the largest in the world.The United States has one of the world's largest and most influential financial markets. The New York Stock Exchange is by far the world's largest stock exchange by market capitalization. Foreign investments made in the US total almost $2.4 trillion, while American investments in foreign countries total over $3.3 trillion. The economy of the U.S. leads in international ranking on venture capital and Global Research and Development funding. Consumer spendingcomprises 71% of the US economy in 2013. The United States has the largest consumer market in the world, with ahousehold final consumption expenditure five times larger than Japan's. The labor market has attracted immigrants from all over the world and its net migration rate is among the highest in the world. The U.S. is one of the top-performing economies in studies such as the Ease of Doing Business Index, the Global Competitiveness Report, and others.

The US economy went through an economic downturn following the financial crisis of 2007–08, with output as late as 2013 still below potential according to the Congressional Budget Office. The economy, however, began to recover in the second half of 2009, and as of November 2015, unemployment had declined from a high of 10% to 5%.

In December 2014, public debt was slightly more than 100% of GDP. Domestic financial assets totaled $131 trillion and domestic financial liabilities totaled $106 trillion.^[

^{Source:(www.en.wikipedia.org)}

Economy of China

China's socialist market economy is the world's second largest economy by nominal GDP, and the world's largest economy by purchasing power parity according to the IMF, although China's National Bureau of Statistics rejects this claim. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector. 

China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. China is a net importer of services products.

China is the largest trading nation in the world and plays the most important role in international trade, and has increasingly engaged in trade organizations and treaties in recent years. China became a member of the World Trade Organization in 2001. China also has free trade agreements with several nations, including Australia, South Korea,ASEAN, New Zealand, Switzerland and Pakistan.^[

On a per capita income basis, China ranked 72nd by nominal GDP and 84th by GDP (PPP) in 2015, according to theInternational Monetary Fund (IMF). The provinces in the coastal regions of China tend to be more industrialized, while regions in the hinterland are less developed. As China's economic importance has grown, so has attention to the structure and health of the economy.

Source:(en.wikipedia.org)

$21.3 trillion (PPP; 2016)[
GDP rank	2nd (nominal); 1st (PPP)
GDP growth	6.9% (2015) 7.3% (2014)[
GDP per capita	$9,000 (nominal; 2016) $16,000 (PPP; 2016)[
GDP per capita rank	73rd (nominal); 84th (PPP)
GDP by sector	agriculture: 9%, industry: 40.5%, services: 50.5% (2015)[5]
Inflation (CPI)	1.4%(2015)[6]
Population belowpoverty line	5.1% (2015)
Gini coefficient	46.2 (2015)
Labour force	807 million (1st; 2015)[7]
Labour force by occupation	agriculture: 29.5%, industry: 29.9%, services: 40.6% (2014)
Unemployment	4.05% (2015)[8]
Average gross salary	$9,000, annual (2016)
Average net salary	$6,000, annual (2016)[9]
Main industries	mining and ore processing, iron, steel, aluminum, and other metals, coal; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, aircraft and other vehicles; telecommunication and industruial equipment; machinery; heavy engineering; commercial space launch vehicles, satellites, manufacturing
Ease-of-doing-business rank	90th (2015)[10]
External
Exports	$2.3 trillion (2015[11])
Export goods	Electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment, as well as almost every single category of industrial products.
Main export partners	United States 16.9%  Hong Kong 15.5%  Japan 6.4%  South Korea 4.3% (2014 est.)[12]
Imports	$1.7 trillion (2015[11])
Import goods	Electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals
Main import partners	South Korea 9.7%  Japan 8.3%  United States 8.1%  Taiwan 7.8%  Germany 5.4%  Australia 5% (2014 est.)[13]
FDI stock	$1.3 trillion (2012)[14]
Gross external debt	$0.9 trillion (2013)
Public finances
Public debt	16.7% of GDP (2015 est.)[15]
Revenues	$2.1 trillion (2013 est.)
Expenses	$2.3 trillion (2013 est.)
Credit rating	AA- (Domestic) AA- (Foreign) AA- (T&C Assessment) (Standard & Poor's)[16]
Foreign reserves	$3.3 trillion (1st; March 2015)[17]
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

2016 Nobelprize for economics

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016

Photo: R. Lincoln/Harvard University

Oliver Hart

Prize share: 1/2

Photo: MIT Economics

Bengt Holmström

Prize share: 1/2

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 was awarded jointly to Oliver Hart and Bengt Holmström "for their contributions to contract theory"

Source:(www.nobelprize.org)

Oliver Hart is currently the Andrew E. Furer Professor of Economics at Harvard University, where he has taught since 1993. Hart works mainly on contract theory, the theory of the firm, corporate finance, and law and economics. His research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. He has published a book (Firms, Contracts, and Financial Structure, Oxford University Press, 1995) and numerous journal articles. He has used his theoretical work on firms in two legal cases as a government expert (Black and Decker v. U.S.A. and WFC Holdings Corp. (Wells Fargo) v. U.S.A.). He is a Fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, and the American Finance Association, a member of the National Academy of Sciences, and has several honorary degrees. He has been president of the American Law and Economics Association and a vice president of the American Economic Association.

Source:(www.http://scholar.harvard.edu/hart/home)

Bengt Robert Holmström is the Paul A. Samuelson Professor of Economics at Massachusetts Institute of Technology, where he was head of the Economics Department from 2003-2006. He holds a joint appointment with MIT’s Sloan School of Management. He is an elected fellow of the American Academy of Arts and Sciences, the Econometric Society and the American Finance Association, and an elected foreign member of the Royal Swedish Academy of Sciences and the Finnish Academy of Sciences and Letters. He is a research associate of the National Bureau of Economic Research (corporate finance). In 2011 he served as President of the Econometric Society. Holmström is a microeconomic theorist, best known for his research on the theory of contracting and incentives especially as applied to the theory of the firm, to corporate governance and to liquidity problems in financial crises.

Source:(http://economics.mit.edu/faculty/bengt)

Bernard Mandeville

Bernard Mandeville, or Bernard de Mandeville (15 November 1670 – 21 January 1733), was an Anglo-Dutch philosopher, political economist and satirist. Born in Rotterdam, Netherlands, he lived most of his life in England and used English for most of his published works. He became famous for The Fable of the Bees.
Mandeville's philosophy gave great offence at the time, and has always been stigmatised as false, cynical and degrading. His main thesis is that the actions of men cannot be divided into lower and higher. The higher life of man is a mere fiction introduced by philosophers and rulers to simplify government and the relations of society. In fact, virtue(which he defined as "every performance by which man, contrary to the impulse of nature, should endeavour the benefit of others, or the conquest of his own passions, out of arational ambition of being good") is actually detrimental to the state in its commercial and intellectual progress. This is because it is the vices (i.e., the self-regarding actions of men) which alone, by means of inventions and the circulation of capital (economics) in connection with luxurious living, stimulate society into action and progress.
Mandeville believed it was vicious greed which led to invisible co-operation if properly channelled. Mandeville's qualification of proper channelling further parts his philosophy from Smith's laissez-faire attitude. Essentially, Mandeville called for politicians to ensure that the passions of man would result in a public benefit.The absence of self-love (cf. Hobbes) is the death of progress.
Source:(www.en.wikipedia.org)

David Ricardo

David Ricardo, (born April 18/19, 1772, London, England—diedSeptember 11, 1823, Gatcombe Park, Gloucestershire) English economist who gave systematized, classical form to the risingscience of economics in the 19th century. His laissez-faire doctrines were typified in his Iron Law of Wages, which stated that all attempts to improve the real income of workers were futile and that wages perforce remained near the subsistence level.
Source:(www.global.britannica.com)