Oikonomos 2009

Oikonomos is a year-long select collection of the Ateneo Economics Association’s work and research which captures and highlights the different economic issues that have transpired during the course of S.Y. 2008-2009. The very essence of this magazine encapsulates AEA’s thrust of initiating socio-economic awareness, leading to the development of a community with a firm understanding of pertinent economic issues.

We have provided this free 2009 issue in our downloads section in pdf format for you to read. Enjoy!

The Lesser Evil: Assessment of the 12% VAT Removal on Petroleum products (part 3)

Mikhail Oñate

Implications of VAT Removal: An Analysis

Although the removal of Value Added Taxes (VAT) on oil and petroleum products seems very desirable to most of us consumers, careful study of it and its implications to the overall Philippine Economy reveals much surprising fact than what is presented to us in the media. The following fallacies are presented in the hope of shedding light on the true consequence of the removal of VAT.

The Lesser Evil: Assessment of the 12% VAT Removal on Petroleum products (part 2)

Mikhail Oñate

Duality of Nature

On the Micro-Level, a dual effect on society emerges. It can be noted that people are limited primarily by income and prices of goods and services. (Case 2008) People who utilize privately owned vehicles on a regular basis, both for travel habits or business purposes and despite the rising prices of oil, are faced with increasing costs.  Under normal Income and Price constraints, households that utilize privately owned vehicles will continue to do so for as long as they operate within their constraints. On the other hand, households that receive lesser income must also operate within their limitations.

SEAOIL Prepaid Gas Card and Consumer Welfare

Department of Academics, Research and Development of the Ateneo Economics Association

A recent news article from the Inquirer dated June 3, 2008, predicted that the price of gasoline might reach Php 65 per liter. To protect the consumers from uncertain and abrupt price increases, SEAOIL Philippines, one of the growing Oil Companies in the Philippines, introduced the SEAOIL Price Lock Prepaid Gasoline Card which can be bought at Php 1,070 for 20 liters.