Qns

1. Type of merger relevant in this article?
2. It is mentioned that MAS is considering mergers as the industry is struggling as it is coping with high fuel costs and softer demand. How would a merger help?
3. And the article seems to suggest that big is the way to go / in order to survive, the airlines must consolidate / merge. Another evidence to support this assertion is the inclusion of the part about 4 budget airlines collapsing. So, is being big necessary for survival?
4. But to MAS, which reason for the merger is more impt? Cost or revenue? Use data to justify.
5. What does it mean by ‘over-capacity? What has it got to do with over-crowding?
6. What is ‘code-sharing’ and how does it overcome the problem of ‘over-capacity’?

Further research:
1. Why is the airline industry facing ‘softer demand’?

Economics is the painful elaboration of the obvious...yeah right.

An economist is someone who gets rich explaining others why they are poor.

The last severe depression and banking crisis could not have been achieved by normal civil servants and politicians, it required economists involvement

Q: What's the difference between a finance major and an economics major?
A: Opportunity cost

A study of economics usually reveals that the best time to buy anything is last year. - Marty Allen

And finally, a poem of economics

If you do some acrobatics with a little mathematics it will take you far along. If your idea's not defensible don't make it comprehensible or folks will find you out, and your work will draw attention if you only fail to mention what the whole thing is about. Your must talk of GNP and of elasticity of rates of substitution and undeterminate solution and oligonopopsony.

Economic Jokes

Something interesting for all

TOP 8 REASONS TO STUDY ECONOMICS
1. You can talk about money without every having to make any.
2. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
3. When you are in the unemployment line, at least you will know why you are there.
4. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
5. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
6. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
7. You can't be wrong; only subject to an unexpected asymmetric shock.
8. An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.