Macro & Microeconomics Essays

More than that, it is remarkable that China has come away from the command economy and has successfully adopted a functioning market economy that has manifested a transitioned economic building upon its markets and

The article has listed these five cases as Texas power ball, science news, Texas lottery, discovery education website, and Oregon state website. As a result, the article emphasized the importance of being both disseminate and meticulous with information together with knowledge as the key to a successful understanding of the two terminologies.   

In this paper, the concept of the concept of production possibility frontier is used to demonstrate other economic terms.

Rationality denotes a particular behavior within an individual that is particularly needed for achieving a goal despite the presence of conditions and binding constraints (Hatchuel, 2001). However, the theories of rationality may be normative or it can be descriptive depending on the concept related to rationality.

This essay provides a critical review of the two concepts, by first explaining the difference existing between the theories; then using this as rationality for verifying economist classification of objective and subjective theory. Labor theory of value states

A major ethical issue that may arise out of the research design is related to the semi-structured interviews. Often, managers may leak some classified information that can be misused. The author will make sure that such a situation does not arise. In case a manager says something that may be used against him, the author will maintain complete confidentiality of the responses of the interviews.

Stuart Staniford, a famous writer of Early Warning, has been studying recent tendencies in oil usage. He explores that well developed and the nations that export oil seem to be having a strong balance of trade basis alternatives whereupon they can keep on raising their own oil usage rather depending on other countries. It means that some countries have the tendency to cover their oil demands and they should look forward to those ways.

Today, no one on this planet is safe from the direct or indirect consequences of globalization. Consider the following scenarios. Bavarian Motor Works (BMW), a German automobile manufacturer found itself hurt by the Mumbai terrorist attacks of 2009 because it has a production plant in Calcutta that had to be shut down. 

Therefore, investment in the public transportation sector has a significant impact on the US economy; it is one of the industries that cannot be ignored in contributing to economic growth, increase in employment opportunities and direct or indirect income to thousands of individuals. It is therefore an important sector in the US economy.

The article "Feeling Parched" highlights the consequences of drought in the production of corn, and the subsequent economic effects posed that occurrence in the State of Lowa

Having been born in Korea, I was initially immersed in endeavors that delve in complying with my duty for military service after graduating from high school. After this, I have been studying at Irvine Valley College since last fall. When I was taking an economics class at community college, I started to have an interest in the subject of economics. 

Price gouging happens when there is a sudden spike of demand where the supply remains the same or diminished.  When the demand for a particular good such as generators spikes up after natural disasters such as hurricanes, its price will naturally go up because virtually all people would need a generator in the area that lost power due to the hurricane. 

The economy was experiencing growth of 7.5 percent in 2010, which appealed for positive headlines all over the media and this was the time that Ms. Rousseff was initially elected. This comes as no surprise as the candidates that are in the opposition are taking advantage of the situation making the coming elections the most hotly contested.

As a result, MySuper was established. MySuper is an innovative cost-effective superannuation product that replaces the existing default products being applied by the employers (Federal Government, 2011). Based on its wide range of

The supermarket group ‘Dodo’ is concerned as their stores have been recording falling profits in London for two consecutive years. This paper seeks to analyze and identify the factors, both positive and negative factors, affecting the store profits. According to the analysis below, the dependent variable is Profit. 

In the case of a price floor, several sellers are unable to sell all they desire at the market price. The sellers who appeal to the personal biases of the buyers, maybe due to racial or familial ties, are better able to sell the products than those who do not. By contrast, in a free market, the price serves as the rationing mechanism, and sellers can sell all they want at the equilibrium price.

During the past ten years, monetary policy has been widely used by the U.S. and UK in order to achieve constant economic growth despite the external factors that affect these countries’ economic activity. The current major external factor that affects the activity of the U.S. and UK is the long-term effects of the Asian crisis and globalization.

y stages of movie development cannot be said to be a local affair but rather an international one, especially if the movie aims at targeting an international audience. With this basic knowledge in mind an economic analysis of a movie can be carried out in order to establish

Nowadays, we can use internet by going online to find all the information we want. We can purchase products such as clothes, foods, medicine, cosmetic products and many others through online. It is also possible to know what is happening in the

In assessing whether stocks have higher risks when compared to stocks, it is possible to arrive in justifiable explanations based on a comparative analysis. In this regard, an assessment can best be viewed when analyzing portfolios that are engaged in 100% bonds versus portfolios that are 100% stocks

A higher number shows more unequal distribution of income. According to (Cribb, 2013 ) the rise in the level of income inequality in industrialized nations lead by the host of English speaking nations such as the

Today sports is an important industry, which provides employment to different people (sportsmen and those who are not engaged in sports directly), brings revenues to sports companies and organizations, pays taxes and makes other payments to countries' budgets, and thus plays important role in countries' economic growth.

The four tigers adopted a modern neo-Confucian economic system that integrated their culture into the industry, packaged it quite well, and made milestones of the economic states contrary to the ASEAN 4 (Hirst 2002). The ASEAN four did not convert their cultural disparities into an economic value affair as the 4 tigers did to achieve economic growth.

This research analyzes that F-test is significant indicating that the observed R-squared is reliable, and is not a spurious result of oddities. It shows that the proposed relationship between the response variable and the set of predictors is statistically reliable, and can be useful when the research objective is either prediction or explanation.

The author states that decision-making under uncertainty that is the case of imperfect information is always the case because of the inability to find perfect information in for decision-making. The ability to access perfect information for making decisions is impossible owing to the impediments of costs and other factors.

The country should put in more efforts to complete its science and technological reforms and come up with a system based on true achievements, which rewards scientific excellence. According to the article “The Chinese Century” by Joseph E. Stiglitz, China overtook the US as the largest economy of the world.

This paper will talk on different challenges the electric utilities face. The electric utility industry faces challenges from increase in spread generation, the change toward energy

 Presently, mobile phone coverage stands at about 60% of the total population. Although the data available shows a tremendous growth in mobile phone usage, a clearer means of collecting more accurate data needs to be considered. This is because of the phone-sharing nature and the fact that an individual may have more than one SIM card. 

The expansion in China in the service industry is one of the best economies internationally (Frankel &Wei, 2007). The state of China has not abandoned the manufacturing sector it has instead struggled in the transformation of the sector into greater levels through the creation and enhancement of the chains and the attributed value.

At times, the government and the market are in opposition, instead of complementing each other, and the result is often increased failures. In the case of welfare reforms, government failure results from the belief that they are doing the right thing. These misguided conceptions have a multiplier effect on other sectors of the economy.

This essay discusses that the government use tariffs to enable it get revenue and fund its projects. Tariffs also allow the government to control and limit harmful and outdated goods from entering the country. They also minimize competition and allow local producers to grow. However, tariffs can be disadvantageous since they can discourage specialization and production.

Since I started studying the subject of economics in college, I have developed a lot of interest in the subject. Economics is very interesting since it consists of numerous topics, which cover diverse fields. For example, economics cover the practical and

The demand for a market, on the other hand, is determined by factors such as fashions and trends, affordability and the availability of substitute and complement goods. Emerging markets are usually international markets that set their grounds in a foreign setting and try to create a demand for their goods.

It is important to state that the purpose of the paper had been to distinguish between two theories of profit viz., frictional and innovative profits. While the former forms of profits arising out of market disequilibrium, the latter occurs due to a firm’s capabilities of making successful innovations.

The economic impacts have been better in the case of US as well as other developed economies, especially after the recent recession, which forced many otherwise homemakers to pursue employment, and thus utilizing their unharnessed talents for economic gains; while creating a healthy competition in the job market.

By producing the goods that meet the requirements of people and making them available at the right price. Indeed, market efficiency is greatly impacted by bureaucratic measures and control on the market paradigms like price, resources and allocation competency vis-à-vis

Real values of GDP are adjusted for inflation, but nominal values of GDP are not so adjusted, and therefore the nominal GDP may appear to be higher than the real GDP. Real GDP refers to the total market values of the outputs measured in constant prices, but not

With the rising cost of production, UK companies are facing the challenge of finding ways to innovate production processes to reduce production overhead. Offshore production has now become popular due to the lower cost of labor and other inputs in some parts of the world, particularly in less developed countries in the EU, compared to prevailing prices available domestically.

Microeconomics analyses the most basic economic transactions (Benassy-Quere 45). This paper has the objective of analysing the acceptance of Windows 8 Surface Tablet into the market in relation to the iPAD. The personal computer market is growing in leaps and bounds beyond

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

The author states that one of the risks is credit risk. This type of risk is most common in banking industry where borrower will fail to meet the obligation to repay the loan in the agreed terms. Failure of borrowers to repay their loans and errors in book keeping causes huge loses to banking industries.

It also applies to banks, economic development groups, trade associations, consulting firms, or any other firms working alongside or with manufacturers. It offers 50/50 sharing of costs of projects aimed at enhancing the manufacturer’s

Microeconomics is a field of study in economics that deals with the study of individuals and firms and how they make their decisions regarding the allocations of scarce resources. The study focuses on the behavior of the market where goods and services are sold and bought as well as how prices are determined. It also examines the manner in which the decisions made affect the supply and demand of goods and services.

The study in Finland however failed to produce a model that could be effectively used for the process of forecasting. Based on these results it can be concluded that CLI OECD indicators are overall useful in predicting the movement of the economy. However, there is no single model which is most appropriate. Also, the results depend on the nature of the economy and the time span of study.

So far, these groups have been successful in enlightening the public on acceptable working conditions and labor practices as well as wrestling significant concerns from the

These countries dependence on international trade or rather imports is well seen in a situation where they had to import some products such as fuel

The article that has been selected for review is a business one written by Ming Zeng. The title of this article is “Treasury Bonds Rise on Lower Inflation Expectations”, published in the Wall Street Journal on Friday, 14th November 2014. Ming Zeng is a money and investing reporter who works for The Wall Street Journal.

But for them to have the possibility of realizing that, they have to give up what the five florins could have bought which are “Eel pie. Brie tarts. Tansy cakes with peppermint cream.” Following the

Legislation on minimum wage exposes individuals in the category of income described as low-income (Kirkpatrick & Tarasuk, 2010). From the analysis of the four journals, it is clear that the lack of enough money to allocate for food expenditure affects the amount and variety of foods available for the affected individuals.

a. Is there a statistically significant difference in the voting pattern between death-qualified jurors and those who would have been excluded? Test the voting pattern for both “before deliberation” and “after deliberation” separately,