Macro & Microeconomics Essays

Similarly, the average number of visits per person is 17. The p-value for a test of differences between mean age by gender is 0.7240. This value is greater than the level of significance (0.05), consequently, we conclude that mean age does not differ by

Economic forecasters predict economic growth and decline within a country. The GDP is the main variable that forecasters use to measure economic growth. Economic forecasters pay special attention to investment plans because they have fewer fluctuations. According to the case study “Investment Varies Much More than Consumption,” investment is the only true indicator of economic growth.

Once Apple Inc is able to ensure that all of its products consume less energy and emit very less amounts of greenhouse gases then the government would slow down

Despite the development of a country (developed or developing), SMEs remain crucial for its economic development (Mazzarol, Volery, Doss, and Thein, 199). In developed market economies SMEs also account for a big percentage of employment and output (UNECE, 2003). In this context, one major contribution of SMEs is an alleviation of poverty via job creation.

At times one may need to defer payment. However, using cash can lower prices. Credit cards track transactions easily, but so do debit cards. Everything depends upon the users, their financial situation and their need to build a credit rating. If credit cards are overused, the users can find themselves working to pay the interest.

Gross domestic product, GDP fell significantly in the first quarter of the year 2014. The records showed that the fall was the fastest rate ever recorded in the U.S. since the end of World War II. Rise in prices of housing markets to an average of 7% per

According to Hardin, "the tragedy of commons often crept in when there is an established stability among the commons. In this way, each commoner will under natural circumstances maximize the utility

Based on these thoughts I decided to conduct some investigations. My source of data was basically the internet. From the internet I was able to get the prices of the machine, the cost of two extra bottles, cost per cylinder and also the cost per bottle of soda

The greatest effect of high oil prices if more on petrol and food prices, which the consumer has to bear. Consumers concentrate on buying food and have less to invest in dragging down the economy of their country. The effect of changes in oil prices affects various sectors of the economy such as transport, businesses, homes, medicine, and others.

The drop in labor market was occasioned by the decline in employed population – currently flat in yearly terms — and by a 3.9% decline in unemployed persons (-11.6% annual).  This combination dragged the rate of participation down to 55.9 per cent from 56.1 per cent in February this year, which is the lowest level ever since 2002.

As for actual income increases when compared to the potential income, resources are fully employed, so it became difficult for FORD MOTOR and other corporations to find idle capital, labor, and natural resources to produce services and goods. As a result, the scarcity of commodities makes prices to rise and hence inflation sets up.

This practice makes specified quantity of current markets and currency options in improving profitability. Satkunas (2007), views that maximizing shareholder

The largest health insurance firms in the US have been pursuing mergers. For instance, United Health Insurance is interested in merging with both Cigna and Aetna Insurance firms. Humana Health Insurance firm is also up for a possible major while Anthem Insurance is pursuing Cigna. Cigna also intends to buy Humana.

The U.S. International Trade in Goods and Services and their balances in millions of dollars in 2014 and 2015

It is necessary that in order to continue to build Ireland as a sound welfare state, it is imperative to consider the voice of the masses and economic needs of the resident population as well as those of immigrant population in order to present a well-balanced and long-term economic growth road map for the country.

'Occupy London', the continuing dispute is an important ongoing incident which has taken place in London for protesting against the economic disparity, deficiency of affordability for housing requirement, public discrimination, corporate greed and power of business organizations, and against government actions.

In a more formal way, TVE’s refers to a business sector that belongs to all residents of the rural population. In Chinese, they were in form of locally built industries. As the name suggests, they are locally sited and are run by the local natives in generating their livelihood and towards the state wealth. The presence of TVE’s has contributed a lot to the state-run market.

Viatical settlements that entail sale of insurance policies by terminally ill persons (Mukherjee 1) are part and parcel of capitalism. Viatical settlement companies work with terminally ill

According to the story written by Guy Chazzan, the Environmental Protection Authority of the United States of America, which was the key source of the story, alleged that the ban followed the lack of business integrity they observed in the company’s conduct following the great oil spillage in the history of similar incidents.

Many of the nations in the region have made large efforts to ensure that they improve in their economics and savings for they never know when the market may deteriorate and lead to the setting in of another recession. The effects of the recession are still being felt in some regions despite the government efforts to heal for progress.

Economics can be described as a theme, which helps individuals or organizations, or governmental authorities study the production, distribution as well as consumption of goods and services. It can be asserted as a complex social science, which has a wide range of applications from mathematics to psychology. Economics helps people to understand the politics and business aspects among others.

Amongst the prominent empires that have existed include Persia, Greece, Rome, China, Mongol, Mughal, Ottoman, Spain, Great Britain and USSR amongst others. Other measures of the strength of empires include rising population size, increased

Micro economics provides a very good perspective on the effect of the minimum wage. The impact is usually felt on businesses, individuals and the family. Business and enterprises that rely on unskilled labour normally

Economists and market analysts warn that the economic downturn which took place between 2007 and 2008 is but a harbinger of something much worse to come. Interestingly, rather than mortgage securities being the culprit of the hardship that these analysts indicate is fast approaching, they instead indicate that the true culprit will be a collapse of what they refer to as “the student loan bubble”.

The cluster also insinuates a t-statistics of more than 5 hence the strong correlation detected. From the analysis, showing the strong correlation and positive relationship, one can conclude that there is a possible association between

nefit by selling their commodities such as chocolates to other individuals in order to raise money for the acquisition of cigarettes (Radford 1945, p. 189). Cigarettes emerged at the currency within the camp because they were relatively standardized, durable and a size suitable

Veblen refers to such individuals as conspicuous consumers. Veblen explains such a habit as a sociological issue in which the conspicuous consumer spends money public on luxury goods and services with the sole aim of either attaining a particular social status or maintaining it (Heilbroner 149). Personally, I think that Veblen’s theory of conspicuous consumption is relevant today, a century after it was published.

Yeulu Mountain Park is a recreational project in China, which is putting into practice the Travelling Cost Method (TCM) in its daily operations. TCM is an operational technique employed by established business organizations to make an approximation of all the non-market advantages (Karasin 34). The following is an analysis of the recreational value that is offered by Yeulu Mountain Park in China.

Governments have shaped themselves by gaining some form of economic independence, oil wars are now seemingly replacing the notion of military war. Conflicts among oil-producing countries cause’ economic impact on countries that relies on importing oil from such countries. Governments of oil production can be said to also shape the world economy by forming strategic alliances.

An example in point has been Katrina hurricane that resulted from pollution from these processing industries. The damages were much of the result of

Volatility charts show extremes —specifically, option volatility charts show relationships between puts, calls, strike prices, and expiration dates. Assumption associations are derived from historical patterns, price patterns, and supply and demand relationship.

Every business has a number of different elements that it is made off, like branding, marketing, development, research, all these departments, and even the production department of the company need to make a number of adjustments with the growth of the economy. 

The author states that microeconomics examines the behavior of individuals, firms, and the role of government, where Macroeconomics looks out for broad issues such as inflation, GDP, unemployment, and industrial production. The major problem that studies of economics attempts to solve is the problem of scarcity.

Higher benefits have been realized and many more are perceived. Greece is improving and Germany is growing stronger than ever before. Eurozone is experiencing a more stable macro and microeconomic environment, trade is increasing, consumer welfare is improving and the area is becoming more transparent and competitive.

Today, De Beers still controls around 60% of all the diamonds in the world (Peng 316). However, De Beers may be seen as if it is losing its control of the diamond market to other competitors such as Argyle. The

There are distinct differences in the types of resources utilized by both countries in growing and developing their economies (Katzner, 2008). Labor market resources are

Cuba and U.S have always held a long period of conflict amid them because of their divergent political ideologies. Consequently, this prompted the latter to impose trade sanctions towards Cuba with the intention of forcing it to adopt political democracy, but in vain. The state under Fidel Castro maintained its stand regardless of the US sanctions, which severely affected its economy.

In the past five years, most of the industries in the United States economy have been greatly affected by interests’ rates fluctuations and this has also affected the banking and the real estate. Increased rates have led to borrowing

This would have an impact on the interest rates and more loans would be given out by the commercial banks hence resulting in increased money supply. B. A banking system that prefers to keep excess reserves would not have much impact on

The author explains that the term price elasticity of demand is used to show the responsiveness or the change in demand conditions due to change in the price level of goods and services in an economy. Price elasticity of demand provides the measurement of the percentage change in demand to one percent change in prices.

This is because the tax system is only progressive among the wage income earners but the progressivity decreases with increase in income. This is because the tax is based on income and it increases with an increase of income up to a certain level where the money earned above the threshold is taxed in terms of a certain percentage

The expansionary fiscal policy is brought about by the changes in government expenditure and taxes. These changes would affect the aggregate demand, gross domestic product, and employment. In expansionary monetary policy, the Federal Reserve Bank changes the required reserve ratio, and the discount rate or carries out open market operations.

The World Trade Organisation has always remained an important body bringing about trade liberalization and the freedom of movement of goods and services across international borders. As a way of creating level playing field, the WTO has used various principles of fair trade that ensured that member countries deal with each other fairly.

Trough is a period of stagnant economic growth. Recovery is the above-average economic growth period while the peak marks the highest level of economic growth in which the economy is at full employment. NBER defines

Unemployment in an economy occurs in numerous forms. The first form of joblessness is the normal unemployment that occurs when individuals

ented financial arrangements on open business sector operations, rebate rate and bank holds prerequisites with a point of controlling consumption practices around shoppers. From my level of comprehension, Money is a supply of fiscal possessions that could be effectively be

The current federal minimum wage is $7.25 per hour. This increase in rate was announced on January 1, 2014, however, some states have higher minimum wage rates too. When this happens workers are paid higher amounts (CEA n.p.). The highest minimum wage rate in some Americans stated would be $9.00 in the coming month of July in California and Connecticut (CBO n.p.).

Over the past years, China has portrayed relentless economic growth as compared to other countries in East Asia. The high population of China contributed to its high productivity rates and subsequent economic growths. However, in the contemporary world, the population comprises of the unemployed youth contrary to the economic growth.

In the fiscal year 2014, the Texas government collected approximately $19 billion in state sales taxes. The government set the rate in the year 1990, and there have not been any changes in the rates since then. Cities, transit systems, districts in the state, and counties may impose local taxes, which may be up by another 2 %.

According to the discussion, Fiscal and Monetary Policy, the object of monetary policy is the stabilization of macroeconomic fundamentals, such as those relating to stable prices, stable growth rates for the economy, and the levels of employment and unemployment, with the ideal being full employment.