Nobody downloaded yet

Microeconomics article review - Term Paper Example

Comments (0) Cite this document
Summary
The article Long-term Unemployment Is Indeed A Catastrophe But It’s a Microeconomic One, Not Macro discusses the problem of unemployment and its effect on the economy. The global recession that started in 2007 did not have the deep impact on unemployment that economists expected…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Microeconomics article review
Read TextPreview

Extract of sample "Microeconomics article review"

Download file to see previous pages It is important to understand that in the general economy there is a job destruction rate and a job creation rate. Unemployment occurs when these two factors are out of balance. A recession does not impact the job destruction rate, but it does affect the job creation rate by lowering it. During the recession as the job creation rate falls the period of unemployment lengthens. “The percentage of the labor force unemployed for 27 weeks or more is finally decreasing, after peaking at about 4.3 percent in April 2010 and hanging around 4 percent until September 2011” (Worstall, 2013). It is unknown how much of that decline is associated with people finding jobs or leaving the job marketplace. Typically when people leave the job marketplace it becomes hard for them to come back. People that leave the workplace do not enjoy the pleasures associated with having income. Adults that leave the workforce negatively impact the economy because it loses the goods and services they could be producing. The stimulus package through programs such as the TANF Emergency Fund helped job creation in the United States. Some of the ill effects of long term unemployment include erosion of skills and dissociation from the job market. An economic concept called hysteris could have occurred in the United States. ...
In Europe another 4% continues to be out of the workforce for over a year, while almost none in the U.S. One of the reasons for the discrepancy in long term unemployment behavior is that unemployment benefits in the U.S run out after six months, while in Europe they continue for years or indefinitely. The increase in unemployment insurance was an effective incentive to keep money flowing in the economy, but its effect on reducing the unemployment rate is questionable. “There was undoubtedly some increase in long-term unemployment as a result of the UI extension: people do respond to incentives after all” (Worstall, 2013). Stimulating the economy by running a fiscal deficit does not positively impact the nation’s unemployment rate. The article provided great insight into the unemployment problem in the United States of America. Unemployment was a topic discussed in class during the semester. It is a very important economic topic because it affects the lives of everyone in a society. People need to work to earn income to spend in consumer goods and services. When a person loses his job he becomes unemployed. The chances of this person finding a job quickly increases when the nation’s unemployment rate is low. I learned from the article that short term unemployment is referred too as frictional unemployment. A second economic concept learned in class that was discussed in the article was recession. A recession can be defined as a decline in gross domestic product (GDP) for two or more consecutive quarters (Investorwords, 2013). During a recession people lower spending often in fear that they might lose their jobs. The author of the article indicated that people that are unemployed during a recession often have a hard time ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Microeconomics article review Term Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1496573-microeconomics-article-review
(Microeconomics Article Review Term Paper Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/macro-microeconomics/1496573-microeconomics-article-review.
“Microeconomics Article Review Term Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1496573-microeconomics-article-review.
  • Cited: 1 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Microeconomics article review

Article Review

...? Sarbanes-Oxley Act (SOX Act) of 2002 Article The Supreme Case against Sarbanes-Oxley Synopsis James Freeman, in his above article in Wall Street Journal, argues that the costs associated with Sarbanes-Oxley Act of 2002 far outweigh its benefits. The Sarbanes-Oxley Act (SOX) was passed by US Congress in 2002 with the aim to protect gullible investors from the fraudulent accounting practices of corporations. The government enacted the law in view of the series of scandals witnessed in early 2000s such as Tyco, Enron, and WorldCom shaking investor confidence in financial statements presented by corporate companies. The Public Company Accounting Oversight Board (PCAOB) is a regulatory body that has come...
3 Pages(750 words)Research Paper

Article Review

...in different journals, magazines and newspapers regarding health. It is difficult to keep track of all and it is equally difficult for the writers to get the attention of the readers. In order to be a good article it is necessary for the writer to present facts and figure in as simple language as possible. The article under review was authored by Peter P. Egeghy, Rogelio Tornero-Velez, and Stephen M. Rappaport, who are part of the Department of Environmental Sciences and Engineering at the School of Public Health, University of North Carolina – Chapel Hill. The study, entitled “Environmental and Biological Monitoring of Benzene during Self-Service Automobile Refueling”, was an attempt to...
5 Pages(1250 words)Term Paper

Article Review

...?Article Review: Time to Create Sound Teamwork by Diane Bandow The article d Time to Create Sound Teamwork by Diane Bandow talks about the importance of teamwork for running businesses successfully. Lack of teamwork within an organization can cost a lot more than what is obvious, for lack of trust and understanding in relationships between team members can decrease performance levels, inflate production cycles, and will even bring down the quality of product/service. But unfortunately, building functioning teams (also called Group Development) is not given due attention in most companies. This tendency is no longer acceptable in the new telecommunication age, where face-to-face...
2 Pages(500 words)Essay

Article review

... Review of the Article ‘The Evolution of the Term ‘Conservative’’ In the article ‘The Evolution of the Term Conservative’, the author attempts to persuade readers that the original concepts associated with the terms ‘liberal’ and ‘conservative’ have been found to adopt each other by principle within a closer look into the modern reality. By claiming that ‘most liberals are not liberal and most conservatives are not conservative’, the writer readily points to the tangible fact more felt than perceived objectively. That is, these political labels are confined to the sphere of ideal thoughts unless the exact meanings are aligned with the actual behavior. Apparently, however, words are what have constantly maintained the remarkable... or...
2 Pages(500 words)Essay

Article review

...?Article Review The of this article is “Leadership behaviors, organizational culture and knowledge management practices: An empirical investigation.” This article has been coauthored by Hai Nam Nguyen and Sherif Mohamed. This fifteen page long article was published in Vol. 30, No. 2 of the Journal of Management Development in the year 2011. The name of the publisher of this article is Emerald Group Publishing Limited. More and more organizations have started to use knowledge management in their attempt of gaining competitive advantage, as a tool for leveraging their core competencies. As a result, knowledge management is being widely...
4 Pages(1000 words)Assignment

Microeconomics Article Summary Assignment

...?Microeconomics article summary Summary Woollaston Victoria ed the article, ‘Apple shares drop by more than 5 % after new iPhone launch becauseinvestors fear the handsets- at $540 to 849- are too expensive,’ that the Daily Mail published on September 12, 2013. The author highlights that the company’s shares dropped by almost 5.5 percent to trade at $ 467.7 after the launch of the new phone model. The price of the new phone was the major concern with analysis explaining that it is too expensive such that the price surpasses monthly income in some of the major economies such as China. Prior to the fall in share price were speculations by three stock exchange experts that offered lower...
3 Pages(750 words)Essay

Microeconomics

..., the Production Function and the Theory of Distribution”. Journal of Review of Economic Studies. Online. http://www.answers.com/topic/supply-and-demand. Viewed on 19th February, 2011. Robert, F. (2006). Microeconomics and Behavior (6th Ed). Online. http://tutor2u.net/economics/revision-notes/as-markets-price-elasticity-of-demand.html. Viewed on 19th February, 2011. Tietenberg, T (2006). Environmental and Natural Resource Economics ( 7th ed). Online. http://www.eoearth.org/article/Environmemt economics. Viewed on 19 February, 2011.... Microeconomics Microeconomics is a branch of economics that seeks to understand how individuals, households, and firms decide on how to locate the scarce resources available...
4 Pages(1000 words)Essay

Article about microeconomics

...Some apparel manufacturing ‘reshoring’ to USA I. The article “Some apparel manufacturing ‘reshoring’ to USA” is taken from USA Today news website. The article which is written by Paul Davidson, an American macroeconomist, was published on July 5, 2013. II. The author Davidson in his article talks about the apparel industry shifting its production base from foreign countries to the United States. This trend has created increased job opportunities in American although the industry faces strong competition from Asian countries because of their low labour costs. There are however many benefits for American manufacturers of having production base in home country, since apparel industry has to respond to the fast changing style demand... . With...
2 Pages(500 words)Article

Article review focus microeconomics

...Sur Supervisor Article Review #2 The article that I chose to review is published in Wall Street Journal on December 5, 2013. The title of this article is “U.S. Oil Prices Fall Sharply as Glut Forms on Gulf Coast ”. The article has been written by Russell Gold and Nicole Friedman. The article highlights that the US gulf coast is flush with crude oil resulting into a sharp drop in oil prices taking a diversion from global prices. Domestic supply of light crude is going to surpass demand that is what Ed Morse, commodities research head at Citigroup wants to emphasize. Things have changed because oil fields in North...
2 Pages(500 words)Essay

Microeconomics class; News Article Analysis

...Inequality and growth Summary The article “inequality and growth” looks at the relationship between income distribution and the growth of the country’s wealth. Some economists believe that for an economy to grow there must be some level of income inequality. According to the economists, this creates incentives for the rich to work hard and grow wealthier. However, following the increasing income inequality amongst the Americans, some economists doubt this belief. Inequality may increase the levels of poverty in a country, if low-income citizens face low productivity, as well as, poor health. According to research by the IMF, what is important is consistency in wealth creation, which eliminates inequality at the long...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Microeconomics article review for FREE!

Contact Us