Macro & Microeconomics Essays

In the world of technology, the success of Microsoft is unprecedented and remarkable. Bill Gates, who is the founder of Microsoft, is considered the richest man in the world as on March 2014 according to the Forbes’ billionaires list, a position that he has consistently held for 15 years out of the last 20 years.

Before the implementation of this law, the ration of male to female births was satisfactory. Additionally, the segment of population that was able to actively

In the Middle Age, the famous Silk Road facilitated interaction between institutions in Europe and Asia. Prior to the outbreak of World War 1, water transportation had solidified globalized interactions among people in Africa, Europe, America, and Asia. Currently, globalization has reached an unprecedented rate.

During the last decade, many such conflicts took place in Liberia, Sierra, Somalia, Sudan, Chechnya, Chiapas, Congo, and Indonesia driven by the struggle of parties involved to take control over critical resources. Competition to surmount valuable oil supplies and pipeline routes is the source of conflict in the 21st century.

The ECB’s president gave a promise at the peak of the debt disaster in 2012 that his institution would take all the actions to save the Eurozone currency. This promise led to an experimental Outright Monetary Transactions program, which was a bond-purchasing plan by the government that required nations to agree to particular conditions.

In many nations, tourism acts as a major driver for development through employment creation and as a source of foreign exchange. The industry generates substantial economic benefits for both the home and host nations. As with other impacts, the massive industry results in both negative and positive consequences (Sharpley 2000).

The market contains a spectrum of buyers from gamblers to hedgers. Gamblers place very little value on warranty coverage while hedgers place a very high value on warranty coverage. Similarly, high-quality goods sellers have a problem trying to get a fair price since the quality is variable and difficult for buyers to evaluate.

Heteroskedasticity implies the circumstance when the variability of a variable is unequal across the range of values of a second variable that predicts it. In this circumstance, it means that the Bp test is as good as the white test since in the presence of heteroskedasticity, it is expected to be different for variability, which is not the case.

According to Ahlstrom & Bruton (2010), some earlier studies reveal that some business portray constant dismal performance due to ignorance of the proprietors/entrepreneurs on matters concerning market structures.

The author states that in order to penetrate a foreign market the managerial staff of a company must perform environmental scanning of the marketplace. Canada is the biggest market that is closest to the United States. The population of Canada is 32.32 million people whose gross domestic product per capita in 2005 was $32,645.

Credit crunch is marked by decreased corporate cash flows that lead to an increased demand for funds to perform the expenditure of companies, as in the case of a decrease in personal savings that will lead to an increased requirement for funds to run a household.

The expectation of the Fed's arrangement to purchase securities that were backed up by mortgage forced the fixed rates to go down intensely, however, conservative mortgages, those which conformed to the federal procedures, were still hard to get and frequently had restrictions that were costly. Hefty, or extra-large, loans were even more restraining.

Investing in one year CD in the US yields $ 1,485,714. Option 2: Investing in one year CD in Ireland and then converting the Euros into US dollars at the present exchange rate yields $ 1,569,231. The comparison favours option 2. I will be better off investing in Ireland as the resultant dollar amount is greater when invested in Ireland.

Employers have organizational goals to achieve, while workers seek to improve their overall welfare. Coherence between employers and employees is realized from balancing their powers in the actual environment of interaction. Unions,

From McFadden work, the behavioral theory is one that sheds light on the preferences and choices made by the consumers as a result of their perception towards a

Among them is a monopoly-structured market. A monopoly exhibits market power, thus acting as a price maker and the consumer as a price taker (Stigler, 2008). The monopoly dominates the

The level at which training and education will eliminate structural unemployment largely depends on the number of years a worker will remain in employment before retirement. A young worker has many years of work thus he or she must incur higher investment expenses that the worker will offset by the more years he or she will work before retirement.

The true opposite of this has a drastic effect on its performance. This kind of scenario is very evident in countries like Malaysia and Ireland, which are experiencing fiscal deficits. As per the

It is based on the financial report generated from an analysis of cost and benefits prepared by Don Drummond, a US economic analyst. The report was about strategies for managing costs and incomes in financial organizations as well as the entire economy of the US government. The reason for choosing the US is the ready availability of data.

According to Prof Martin, the potency level of HTC marijuana has been on the increase significantly for the last 40 years (Walker MG). The reason behind the rise is as a result of increased penalties for drug dealers

Women and children form a significant part of the workforce in Latin America but they suffer from maltreatment at their places of work due to poor or no pay for their services. It is therefore the intention of this paper to analyze such problems and find ways if any how such situations can be rectified.

Healthy competition acts as a booster in the development of society. Businesses compete for market share which leads to the improvisation of marketing strategies that aim at increasing customer relations. Such improvement in customer preference to individual companies correlates to increased quality of service provision.

The author states that supply is the amount of goods manufacturers or suppliers are willing to sell at a certain price. The law of supply says that the higher the price of a product, the more the quantity suppliers will be willing to produce. Supply is usually plotted as a supply curve demonstrating the link between price and the number of products.

A lesson for them from Argentina’s unsuccessful currency board is that an unsuitable exchange rate peg is destined to fail no matter how strictly conditions are enforced to create trustworthiness. A peg anchored to a basket of currencies would be more appropriate – for example, during the July 1997 South Asian crisis, Singapore. 

Globalization has brought more nations together to engage in trade and commerce, the most universal of all activities. In the arena of world trade, some countries have flourished, while others have been left to develop on their own. Trade agreements with Mexico, that lead to the construction of factories that built televisions in the 1990s.

The pattern of behavior that is exhibited from the growth structures of the variables could be assumed to be concluding that the economy in the period of study is displaying a stable situation in spite of the regular periods of booms and recessions that are a part of the regular business cycle which every economy has to pass through.

Fukuyama differs from Hegel in the sense that he views the defeat of alternative ideologies as proof that the human evolution through thesis and anti-thesis may not prevail under all circumstances and as such one universal truth may emerge as the single most significant aspect of dealing with the issue of history. The disappearance of large scale conflicts between the States is what negates the anti-thesis approach.

The author states that Keynes rejected the classical ideas on the basis of the rigidities in the labor market, the problem of the deficiency of the demand and also the government’s deflation policies. The Keynes model was initially criticized by the monetarists. This was because the model proposed demand management policies.

Independent decision making is a very important characteristic of monopolistic competition. Positive profits are pursued by firms and they enter in numbers under monopolistic competition. Perfect

In today’s fast-paced corporate environment there is nothing known as static, the environment is extremely impulsive, vibrant and dynamic and owing to this one wrong move may prove to be as expensive as billions of dollars. Of course, the business managers are aware of such skeptical situations and they try their best to foresee the ravaging ruffs and tuffs ahead of them in the business world.

The difference between Q0 and Q1 unemployment. This results from the increase of minimum wage in the market. With an increased minimum wage, the demand is at Q0 which is below the equilibrium labor quantity. However, there are some positive results from such kind of standard because it helps in meeting some of the demands of the.

As changes occur, firms and consumers develop responses, which fuel further diversity and transformation in the global market. This cycle will carry on as long as the world engages in business and commercial transactions. On the other hand, changing market conditions also have an effect on the flow of supply and demand.

The article i.e. “Its Time for a 21st-Century Trade Policy” highlights the requirement of introducing as well as executing effectual trade policies in order to enhance

There can be aimed at either increasing the money supply or tightening the same. There are four conventional ways used by central banks to control the money supply. The federal funds rate is the rate at which one financial institution can obtain surplus cash reserve from the other to fulfill the daily cash reserve requirements that the central bank requires. 

Secondly, inflation helps to reduce the real value of private debt. Finally, it helps address the problem of increasing wages by reducing the value money

This is a mix of online business, foreign businesses and financial services companies. The famous investment strategy used in the stocks invested is-buy when the stock price is low and sell when the stock prices goes up. Moreover,

In which case, increase in oil price would have positive influence on the exporting countries while posing a negative consequence on the importing countries. The reverse of the aforementioned case, where there is decrease in oil price should be expected for the two scenarios.

Acemoglu and Robinson emphasize historical factors of institutions that are exclusive, as well as those that are inclusive. Typically, exclusive institutions mainly focus power into the control of a small number of select few, with the power concentration then triggering extractive economic circumstances to enhance the select few by inaugurating high entry barriers and trade regulations.

It is also a Pigovian tax in that it addresses the problem of gas emissions into the environment. If the firm increases its price, its shares in the stock market will gain price because the firm will be presumed to be of a high value. It will attract many investors because people like to invest in firms that are of high value.

Employment Discrimination describes the lack of equal opportunity for employment because of different factors such as race, gender, nationality, disability, and age. Language Discrimination refers to different treatment of individuals at work because of the language they natively speak including variations in speech. 

Trade Freedom is the second main area of EFW that relates to the freedom one can enjoy while operating the business of import and export.

The debate over the planned economy and free-market mechanism started long ago when the classical economists refuted the mercantilists’ theory. The mercantilists believed that the more billions a nation possessed the richer it is and thereby, beneficial for its people. They were in favor of trade with government intervention in the form of colonialism.

There has been a long debate within economics as to how to define the behavior of the firms and how can the available literature on economics could lead to a better understanding of the demand and supply dynamics faced by the firms. The conservative theories of economics such as transaction theories attempted to define behaviors such as outsourcing as a result of the cost-benefit analysis.

Since cheaper products are worse products, that means they want to charge more for less. And they want to externalize as much of their production onto third parties. That means they want to pollute more, don't want to spend on worker disability, etc. They want to exploit public goods (Francis). 

This paper will therefore discuss the current macroeconomic condition of US and will provide a description about the key economic variables such

A country’s position in international markets and gains from trade depend a lot on its external policies. The exchange rate has been important for determining the price of imported goods with respect to domestic goods. Hence it needs to give sufficient attention as well as the importance to the exchange rate policies.

Unemployment is a social blight, a source if human torment and strife. The nation’s economy suffers when unemployment tempo is soaring, and citizens are

Unemployment can also occur as a result of structural problems and inefficiencies inherited from the labor markets. Structural unemployment

They could not take chances on the US military superiority. In addition, the Soviet Union had credible information that the US plans to target its military infrastructures. The construction of the Doomsday machine gave confidence to the USSR premier that a nuclear strike on the Soviet Union could not mean a defeat of the union.

An indifference curve shows all the possible combinations of two products between which a person is indifferent. These curves indicate the consumption of different combined goods or services that gives the same satisfaction or utility to a