Macro & Microeconomics Essays

The income effect is the change in the consumption pattern observed with the utility level constant, which is the result of a change in the prices of goods and services. For a utility-maximizing consumer, the effect of the change in price (that is a decrease or increase in price) is quite likely to affect the utility function of the consumer, which is depicted in figure-1 below (Arnold 261-265).

Accessibility is closely related to transportation hence the world biggest cities have embraced this ideology to ensure growth. Specialization is the ability of cities to effectively manage their resources to ensure development for instance labor specialization. Land prices

The interest-based approach has been used widely in different economic sectors for regulation and improvement purposes. However, it can find more use among the G7 countries which are still struggling to gain their foot after the recent credit crunch. The use of interest rates can be incorporated in fiscal and monetary policies.

Therefore, for a concrete perspective when evaluating the economy, changes in level of inflation are taken into account. Real GDP values are adjusted to account for the price differences between the periods, while nominal GDP

The world forever changed the morning of September 11th, 2001. The attacks on the US World Center represented the most serious terrorist acts ever carried out on US soil. A watershed moment in world history, that fateful morning will forever be engrained in the American national psyche. The hijackings of 9/11 were unparalleled in scope and sheer devastation.

In the case of a developed nation like the United Kingdom, the Mississippi Division of Medicaid can certainly change the technique it employs to compensate hospitals for inpatient care. Under the new technique, the Medicaid payment for a particular inpatient residence will be strictly tied to the perception, or case mix, of the inpatient residence.

The author offers an excellent argument to support the first claim. At the outset, he claims that the protectionism violates the moral code. The practice requires traders within one country to refrain from trading with anyone outside the country and similarly, also restricts the import of the products.

Being self-employed means you are in control of what you do and are able to organize your schedules. It also presents many opportunities, perhaps the utmost being a fresh start to life, of a self-managed enterprise and entrepreneurship. But at the same time, you must keep in mind that starting out in self-employment poses many difficulties.

In terms of PPP, Germany is the world’s fifth largest economy and the largest economy of Europe. The country has a highly skilled workforce and hence it is the largest exporter of machinery, vehicles, household equipment and chemicals (cia.gov). Germany was till 1990 divided into two separate entities – East and West Germany.

Various possible reasons for divorce like age, employment status, education level, wage, and salary have been taken into consideration for the purpose of the study. Since the dependent variable in the study is dichotomous, probit regression has been used. The odds ratio has been calculated and analyzed for each of the stated variables.

All the transactions that a country carries out with other nations reflect a part of balance of payment. In this context economists deploy a number of methods and tool in order to evaluate and come up with the techniques of

Gross domestic product defines the value of a country’s total terminal production of formally recognized items in a given period. It is therefore a cumulative worth of a country’s recognized goods and

This shows that the Australian consumers and the American consumers have an equal PPP with their respective currencies. The exchange rate between Australia and America will be stable (Tanzi and Gupta 141). PPP exchange rate of U.S and Canada is 1. The

To produce the output, factors of production such as labor, technology, and capital must be made available. It is the right combination of factors of production that results into a given level of output. The production

This article seeks to explore the impact of carbon emissions in Canada and how it affects the rest of the globe by causing adverse climate change. Besides, it also addresses the climate policy of the Canadian government as a way to reduce the carbon emission rate by evaluating the policy as well as considering its recommendations of the policy.

Credit had been used since immemorial times back to Biblical periods or even extending back to antiquity as shown by the Hammurabi Code of ancient Babylon in which there was the provision for punishment for people who do not pay their debts or try to escape their financial responsibility by absconding or running away.

b. To be able to restore the economy to full employment; the government must find ways that it promotes local businesses. When local businesses experience a high demand from their products they increase their labor

In order to expand the investment thus increasing the job opportunities, the Federal Reserve must ensure that the Bank of Green has adequate funds to give as loan to the investors as well as

An increase in prices will result in an increase in supply and this shifts the supply curve to the right from S to S2. A decrease in prices decreases supply shifting the supply curve to the left from S to S1. The shift is shown by the arrows, demand remains constant. The equilibrium moves to the left in case of a decrease in supply and to the right in case of an increase in supply.

Dissemination of ideas majorly depends on how the firm is structured, technology level, and the major operations of the company. Apple is a Smartphone Company founded and deals in phone technology around the globe. The decision is made from the top to the bottom (Klaiber, Ben, 2013). Management generates the ideas and passes them on to the middle managers who convey them to the junior members.

Unemployment benefits are compensation that an individual during a transition period from one company to another or from one employment party to another. It is usually mandated to people who were once in the job market and due to certain difficulties they rose or quit the job. Unemployment is a situation where an individual is not able to secure a job.

Strong economic growth is the capability of an economy to produce goods and services that increases in value and output without decreasing in each of the subsequent years while sustainable economic growth is the ability of the given economic status to support the individuals of a given nation ensuring that the number of people who are living below the poverty line is minimal as possible.

This can be better explained with the help of the fact that during the situation of the international crisis in the economy, the central banks of each of the developed countries have formulated and implemented monetary policies that have affected and influenced the capital inflow and outflow of the capital across the countries all over the world.

There is a deeper connection between the article and the subject as the authors have done a detailed analysis of a number of the factors that affect international trade. For instance, price and demand is one of the key factors that determine the rate at which goods will

Money and trade are inextricably linked and none can be considered without the other. Currency values affect international trade where it is set by supply and demand. Exchange rate

Basically, the unemployment rate is treated as the ratio of the individuals unemployed over the number of individuals classified in the labor force. It has to be noted that the students and other individuals out of the labor force are excluded from the computation.There are several constraints that affect the accurate computation of unemployment rate.

In such cases, unions have certain legal rights, most prominently, the right to negotiate together with an employer (or employers) over wages, working hours, and other terms as well as conditions of employment; meaning that such things are not positioned unilaterally by the administration, but must be agreed upon by both parties.

In general, it is really quite significant to notice that recently Canada’s completion policy has been redone to attract the global investors and to compete with the strong contenders like the USA, but the law and its administrations are still in the evolutionary stage lagging far behind the global reality.

The housing bubble resulted in the financing of home ownership using low-interest rates. Consumer spending was facilitated by second mortgages which were secured by the price appreciation. By September 2008, the average US housing price declined by more than 20%. As the prices declined, borrowers with adjustable rate mortgages could not refinance the mortgages with the rising interest rates.

The US Currency circulating worldwide is a good omen for the US economy. Because of this, the US Currency is taken as a benchmark amongst the world’s financial markets. It suggests how well the US Currency is and how it has been able to shape itself up its own self within the world’s changing market dynamics.

ary policies affects the company demand levels, liquidity stability, financial imbalances fluctuations even as Dell remain as the preferable entity to most customers (Bean, 2004). As a result, changes in monetary policy measures as a way of influencing the competitiveness of

Before discussing the changes, it is important to define what inflation and unemployment is. Inflation refers to increase in prices of goods and service over a certain period. Therefore, more money is required to purchase goods and service due to

: provision of emergency liquidity, supervision of banks and other financial firms for safety and soundness, provision of payment services systems to the government and other financial institutions and monetary policy (Labonte, 2014). The federal reserves monetary policy

The service is installed on the car and records different behaviors to diverse drivers. This will help to reduce accidents on the roads as the

Straits of Johor create a boundary to the north from the Peninsular Malaysia, and from Indonesia’s Riau Islands by Singapore Strait to the South (Teo, Peggy, Chang & Ho 56). Singapore is ranked highly in terms

In the normal operations, modern industrial economies tend to experience swings in economic activity; sometimes ups and downs in terms of employment, spending and income among others, which influence the demand and

Greece is one of the Mediterranean countries located in the southern part of Europe and borders Bulgaria and Albania. The country is also bordered by several seas with the Ionian Sea bordering it to its West, the Mediterranean Sea to its South, and the Aegean Sea to its East. Greece is described as one of the most mountainous countries in Europe.

The aim of the company is to develop houses and communities for the people to live in. The potential objective of the company is to provide houses to people as per their demand and are involved in developing houses in not only cities but also in rural areas. Barratt aspires to provide houses with enhanced quality in every sector of the market.

Because of that challenge, the unfortunate population’s health, employment, family and safety is often unflavoured. Studies indicate that even countries with the best and strongest economy also stand being hurt by inequality in

The recent developments in the US economy, to be exact, since 2004 to the later part of 2008, has commonly been classified as a period of global meltdown. During the initial years, the economy witnessed an excess supply of funds in the market due to an expansionary monetary policy of interest rate hike being adopted by the Fed.

These economic indicators include economic growth, price stability, and full employment. The focus in Macroeconomics is on the movement of the economy as a whole. The focus is generally on unemployment, inflation, government policy, and the variables that are studied in micro and macroeconomics and there influence.

The major factor being that huge investment in infrastructure development is not a panacea for lifting the economy that is significantly impacted by rising unemployment and escalating inflation. Krugman, the eminent economist, and Nobel Laureate has been quite vocal in his approval of Obama’s package.

If any sales are to be made this month, the price has to be reduced for every quantity. Thus, this expectation causes a downward shift in demand. b) Using a mobile phone becomes less expensive. This is likely to cause an increase in demand. Quantity demanded

Macroeconomics conversely is the subject of economics that examines the performance of the financial system as a complete and not only on precise organizations but also to the whole industries and financial systems. Therefore, it examines wide range of economical prodigy like Gross National Product (GDP) and how modifications distressed it in national income, unemployment, growth rate, and cost levels.

Workplace diversity has several benefits such as greater teamwork, outside-the-box thinking enhancing creativity, increased adaptability at the work processes. Stevens et al. (2006) argue that many organizations have successfully implemented

The author explains that oil is a product that can be said to have significantly impacted on the entire region’s economy through wealth generation and labor movement. However, it’s also worth noting that many countries in this region have diversified their economies over the past recent years.

The CIA World Factbook reported that the life expectancy of the US was 78.62 and ranked at 51, China was 74.99 and ranked at 100, France was 81.56 and ranked at 15 and Mexico was 76.86 years and ranked at 72 (THE World Factbook, 2013). During the period of 2007, the US recorded GDP per person at $45,845, China recorded at $ 5292, France experienced $33187 and Mexico recorded it at $12,774.

For example, China has the world’s largest population whereas Norway has a very limited population. If their GDP per head comparison is conducted, the subsequent result will be considerably

Foreign direct investments refer to direct investment in business or production in the country by a company or an individual of another country. That could either be by buying industry in the target nation or by expanding operations of an existing company into that country. In simpler terms, it means that a firm makes an investment, physical in kind, such as building industry in another country.

Piracy, smuggling, and robbery commonly refer to a few serious illegal issues that have imposed worse impacts upon the Nigerian economy. It has also been observed that the West African region of the country is most affected due to piracy. It has also been stated that the West African region is one of the most popular regions in the oil industry.