Macro & Microeconomics Essays

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

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

On one hand is the IS curve, which shows different combinations of real rates of interest (r) and real output (Y) result into goods market equilibrium while on the other hand is the LM curve, which shows different combinations of real rates of interest and real output resulting into money market equilibrium.

The interventions comes in terms of taxes, subsidies, bailouts, wage and price controls and regulation in an attempt to correct the failure which at times further aggravates the situation hence leading to government failure . Britain

Explain the basis for your opinion. Describe what effects they have on the business’ strategy and pricing. Lenovo Company is a global company whose cost structure, business strategies and pricing helps the company makes a high

The position of the country in the balance of trade depends on many things including the level of development experience in the country and the endowments in the natural resources. Stable countries economically like the United States will always perform better than unstable countries like Pakistan if they trade in the currency market.

These benefits include; reduced labor cost, sharing of inputs and sharing of knowledge among others. On the other hand localization economies are benefits

Apart from its UK businesses, the company also boosts of more than 400 international stores in 54 different locations across the globe (Marks & Spencer, 2014b). As of 2013, the company is

Karl Marx had a vision of a new just society based on economic plenty shared by all. Marx believed that in such a society individuals would achieve true freedom. But when the revolution finally came in Russia and later on in other countries, Marx's vision of freedom turned into tyranny.

The International Monetary Fund, a rather ambitious project of the Bretton Woods conference was proposed in 1944. It took two years to set the organization up and it finally became functional in 1946. One of the most powerful multinational organizations in the contemporary world the IMF can be considered as a global umbrella to ensure that the monetary policy framed by nations can promote sustainable growth.

It balanced the capacity of a good that is priced highly during greatest demand period. The marginal cost of a product remains constant up to the maximum level of production, when it remains vertical. There is an

Economic growth is important as it leads to other freedoms such as better health and education in a nation. Economic growth deals with sustained economic increments in the total income or the per capita income. Although the economy of the United Kingdom suffered due to the 2008 economic crisis, the nation has gradually recovered.

An assumption is the resources required to produce goods and services are fixed. The inputs are combined using a formula that can

In order to have a control over finance, there are two courses of action namely Fiscal Policy and Monetary Policy. These are basically two separate, yet equally important strategies by which we can enact and control our finances and can stabilize economics fluctuation.

When the government imposes an excise tax on goods, the amount that can be shifted to the consumer as an addition to the current price would also depend on the product’s elasticity. Cross-price elasticities are important particularly in determining product substitutability, for competing products, for products whose sales are directly related.

The demographics of the workforce have been changed dramatically. It can be inferred that the workforce of the United States is aging. Experienced employees are delaying their

Consumer must be indeed rational in any way. Driving a long way to Hot Stuff will cost me fuel and energy, and how if I would just save that time and prepare for my exam after enjoying the Good Times’

Economists trace The Great Recession during December 2007 to the fall of the housing markets of the United States. According to the National Bureau of Economic Research (NBER), the recession went on for many months but it ended officially in June 2009 (Robert 81). Global investment banks were jeopardized by exposure to sub–prime mortgages.

The suggested sources of revenues were increasing the members’ semester subscription (X) or to invest the available cash to open a bookshop within the campus (Y). On evaluating these two projects; expected value criterion was used. The expected time period is 5 years. The

The resources available in the market are always scarce and human wants (that can be satisfied with resources), on the other hand, have always been unlimited. As a result that, the most important economic problem in a nation is to allocate resources efficiently. It is noted that a Mixed Economic System allocates resources in the most efficient manner in a nation.

In order to clearly understand the economic, development and social impacts of war in Afghanistan has been in war constantly for a very long time, normally approximated to be over a decade dating back to 1978 when it involved in great combat with the USA. This caused effects on their economy and it is very vital to understand the origin of the wars between the periods of 1978-1992.

The garment industry in Cambodia is increasingly subjected to protests and strikes from workers. The major reason behind this is mass fainting in factories, especially those manufacturing American products like Adidas and Puma. The incident that included 118 workers fainting on April 3 this year induced the authorities to probe investigations results of which are yet to come out.

This has been made worse by the dropping of bills and money printing which has been noted to inflate the price of commodities in the recent past which according to Faber is unequal. Once these inequalities are experienced the Federal Reserve opts to print more money which creates further distortions in the economy.

A company's business is largely dependent on the macro and microeconomic conditions of the nation in which it operates. Changes in the major macroeconomic forces like inflation rate, unemployment rate, and interest rate impact how business functions. Numerous factors alter the business strategies of companies.

After analyzing the context of all three readings, I would say that all of them have been able to deliver a thorough and all-inclusive message regarding American education. The first reading, “The Uses of the University” by Clark Kerr, was helpful for me in understanding the modern American research university and a comparison of the educational situations of 1963 and 2000.

of incomes is influential in dramatic reduction of poverty and risks while it has also increased consumption and leisure, thereby improving the living standards of the Chinese population. However, the literature shows that the income distribution in china is characterized by

Greece as well as other European countries faced a massive financial crisis. To overcome this crisis, Greece borrowed funding from various countries including Italy, France, and Germany among others. It is worth mentioning that the prevalence of higher interest rates has certainly made Greece's economy more stable than in past times.

China has emerged as one of the fastest-growing economies; Shifting swiftly from an underdeveloped country to a middle-level economy and threatening to overtake the world’s super economies, the USA included, in the next few decades.  As matter of fact, the GDP figures provided by the IMF cite China as the world’s largest economy, despite some scholars doubting Chinese economic data provided.

The tutorial helps an individual to grapple with the fact and introduces an individual to the primary tool that economists use. The tools are used to determine the

This period is characterized by low consumption patterns because the general population has little to spend or the prices of the standard commodities are high (Auerbach, Alan and Yuriy, pg 12). Investments are significantly reduced while unemployment is the all-time high in the respective countries. 

An example of asymmetric information. In the case of credit markets, borrowers may know more information regarding their creditworthiness than the lenders. Another element that brings about imperfection is limited commitment. It refers to situations where parties to a particular contract are not willing to fulfill their obligations.

Stiglitz accused Obama of trying to keep the financial institutions in its present form rather than breaking them or restructuring them in order to tackle the current crisis. In his opinion, Obama’s efforts will not yield any success since it is not easy for the government to save the big financial institutions using public money alone.

The author states that the total of inflows is $660,000. The 300 corresponded to the additional skiers, $55 was the price ticket and 40 the number of days that the extra lift would be used. The outflows are calculated multiplying 200 times $500 which equals $100,000. The 200 is the days the lodge is open and $500 are the daily expenses.

The dual problem is complex in comparison to primal. This is basically due to the terms of the equation as well as unknowns to be solved in dual solution. The primal solution is easier to solve and because of the difficulty of the dual solution, there is a lack of full numerical solutions to the dual problem. 

Having adopted a free market economy, China is set to shape its economy to meet world standards which can positively contribute to its growth. The reopening of the bond futures markets will also play a significant role in easing state

The Russian economy is still in the process of transitioning towards a more democratic and market-oriented economy. The economic performance so far has not been spectacular because of the challenges entailed in the change from a command to a market economy. The Government and the Central Bank of Russia are working to achieve new economic objectives.

factors like the overall country’s income in terms of taxation or foreign exchange income that determines the measures of living standard of a country but minor elements of education, life expectancy and income equality can be used to categorize the living standard .

tions of the game outside those that are codified into a legal act (especially concerns that usually cross borders and thus are subject to several and at times contradictory laws), the fundamental premises behind Mr. Friedman’s argument collapses (Bryan, 2010). Complying

Historically, the prices of metals across the board always had a positive or an upward trend whereas the dollar kept at a constant for a long period of time. The duration and amplitude of price fluctuations in the case in question must have been as a result of numerous change in the economic strength of the metal market in general.

the two companies: King and Babil involves limiting their products information to the public (Predtetchinski, 2006). Both companies will collude in not advertising their products to the people. This is important because no firms can compete against each other because they have

Price floor is government regulation that set a base price for particular goods. When a price floor is set at 16, is become bidding because it is way above the equilibrium price

Apparently, this rule is not an effective guide of economic policy. This emanates from the fact that the rule seeks to recommend how the Federal Reserve should control inflation instead of preventing it from occurring (Hetzel,

Thus, the government will pay the price of overriding if large shocksOccur and set monetary policy at its own discretion. The central banker dislikes being overridden and pays attention to the government's preferences when responding toLarge shocks. In equilibrium, the central banker is never overridden.

It affects culture, economics, and even politics. We face new challenges and old challenges dressed up in new clothes. Russia is no different. In fact, it can even be argued that Russia is one of the capitals or centers of globalization in the world. It has contacts with large parts of Asia and through the old networks and traditions of the Soviet Empire.

China today represents a new form of economic development and this country has witnessed sustained financial growth while resisting pressures to democratize and has continued to develop inline with Maoist socialist thought. Oftentimes, the economic model of development propagated by China today is described as “authoritarian capitalism”.

The optimal condition of output occurs at the level of the output where Marginal Revenue (MR) equals Marginal Cost (MC) and as a result of which the firm generates a positive economic profit. The existence of economic profits in the industry will attract new firms to join the industry and avail the opportunity of earning profit. As the number of firms in the industry increases.