Psychology of Gender Notes Week 1
Psychology of Gender Notes Week 1 GWSS/PSYCH 257 Psychology of Gender
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GWSS/PSYCH 257 Psychology of Gender
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This 1 page Class Notes was uploaded by Aaron Jin on Tuesday February 16, 2016. The Class Notes belongs to GWSS/PSYCH 257 Psychology of Gender at University of Washington taught by Ann Voorhies in Winter2015. Since its upload, it has received 36 views. For similar materials see Psychology of Gender in Women and Gender studies at University of Washington.
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Date Created: 02/16/16
Name: Aaron Jin TA: Seunghan Lee Article Response Attach your article to this form using a staple. Draw graphs on the back. Article Title: Gasoline Futures Fall to One-Month Low; Oil prices ease amid concerns about the global oversupply of crude Article Source and Date: Wall Street Journal (Online) (through Proquest) Economic Topic (and chapter): Supply and Demand, Chapter 2 What is the article about? Briefly summarize the issues in a non-technical way. The main issue is the global oversupply of crude. Gasoline prices are at a low and we are expecting weaker demand for gasoline. Oil prices also lower over concerns regarding the impending oversupply of crude. Iran approved the nuclear deal, which brings it closer to easing international economic sanctions and increasing Iran’s oil production. This would harm oil producers if other Organization of the Petroleum Exporting Countries. U.S. crude oil inventory is expected to increase while supplies of gasoline and distillate fuels such as diesel and heating oil is expected to fall. The cost of crude in November is expected to settle down, while diesel futures are expected to rise. What are the economics of the article? How does a recent topic covered in the course explain the subject matter of the article? Use Graphs as appropriate. There are many changes to factors that affect the supply and demand. The increase in crude oil supply seems to correlate with, if not lead to, weaker demand for gasoline and oil. The price for crude went down a couple cents, so the price seems to more closely follow the demand curve. The weaker demand for sources other than crude should shift the demand curve to the left and cause a decrease in the price, but the opposite seems to be true for diesel, which had a 0.8% increase in price.
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