Blog summary-5

tutor2u econs blog, tag "Russia economy"..

omg that is much more complicated. I read news about russian economy every day on russian news sites.. well, the only difference here will be the language then. ....uh, surprisingly, not so many posts on this topic.

This post simply states that Moscow is the most expensive city in the world. Well, thanks for that, I didn't know lol. They make comparisons on an example of the price for a cup of coffee:
The survey found that one cup of coffee including service would cost on average £2.20 in London, compared with £5.19 in Moscow and £2.57 in Tokyo
Well, I can add something about that from my own experience. You can get drunk in Moscow by just buying a low alcohol drink in a bottle (1 litre) for 50 rubles (0.90 pounds), but then you will be fined 1000 rubles (almost 20 pounds) by local police lol.

And this post using an example of Russian roadbuilding shows how it might affect economic growth, and also applies many AS and A2 topics (multiplier\accelerator\cost-benefit analysis etc)

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