Macro & Microeconomics Essays

Participation of parents is indispensable in establishing permanent strategies that would significantly reduce child poverty through employment and encouragement of education. Besides effective participation of economic stakeholders and parents, tackling poverty requires the initiation of health programs aimed at encouraging controlled births.

The equilibrium price and quantity are reached as the buyers and sellers bargain until they agree upon the specific level of price at which both are willing to demand and supply the same quantity. In a state of equilibrium, no shortage or excess in quantity arise since quantity demanded and supplied are deemed equal. (Samuelson & Nordhaus).

Because capital goods require more factors of production (land, labor, capital, and entrepreneurship). As a result, these capital goods can be sold for a larger profit, thus increasing the PFF outside of its boundaries. On the other hand, consumer goods do not require the same amount of input and thus are not worth as much.

In recent years, the company has been investigated for numerous antitrust allegations, allegations that can be broken down into four major groups. According to Economides (2001), the first antitrust law that led to the proceedings against Microsoft is the fact that the company tried to monopolize the operating systems market by bundling all its PCs with the Microsoft operating systems, an act that is restricted by law

Australia is still one of the few countries in the globe that has recorded a steady positive economic growth. This has been attributed to various factors that include a democratic government that steers forward the development, tourism industry that is one of the key foreign exchange earner and other cultural attributes that include religion, etc.

Historically the production means were concentrated on the capitalist leaving the worker with an alternative of working for him. Through the expropriation of the agricultural population, a wage labor force was created. The genesis of industrial capitalism can be traced to the looting of Africa and America in the capitalist production era.

Applying utility function in investing enables the investor to understand the usefulness of investing in various securities as opposed to diverse ones. For example, fixed

It is evidently clear from the discussion that currently, the quality of infrastructure in India and China including power and roads remains a huge barrier for India in its continued rapid economic growth. As it’s observed in the history of these countries, jobless and hungry people are the stuff of which dictatorships are made (Faigley & Jack 393).

It is reported that students seek for loans on their own and this has made them to become serious with their studies and loan repayments. It is not acceptable for students to pay extra fees, as they will not have equal playing

This article discusses this debate on equality with regard to which of these two parties is most responsible for killing equality. It is split into four parts: the introduction, the conclusions of the two schools of thought, the mitigation theory, and finally the wider appeal. The introduction part of the article offers insight into two schools.

The article claims that the present Governor of the Bank of England, Mark Carney, has recently stated that the bank had overvalued the interest rate policy in the nation (BBC, 2014). Through the Forward Guidance Policy, the central bank in a nation tries to match its forecast regarding interest rates with the market expectations of the same in the long run.

An ocean is a natural resource that is of great economic importance to the persons who have access to it. Oceans address common problems such as unemployment, price stability and inflation. This is achieved through activities such as tourism, extraction of minerals in the offshores, fishing, transportation and other recreational activities.

The models help to show the contribution of each component of HDI in the development of the country. When the policy formulation identifies the factors that have improved much over time, they can have an efficient way of allocating scarce resources. The best scenario weighting schemes are a better way of measuring the country's development.

To produce one additional can of soda Brazil has to give up the production of 2 units of clothing. Thus, the US should specialize in producing soda because it has lower opportunity costs than the production of clothing. Brazil should specialize in producing clothing because the country has lower opportunity costs than the production of soda.

The objective of this study would involve determining various forms of externalities that a firm presents to the society. It would also help in establishing whether there are diverse resolutions legal mechanisms to the affected individuals through systematic bargaining approach. Externalities have remained a critical aspect of the corporate world.

The elasticity of labor demand depends on: The proportion of labor costs in the total cost of production The ease and cost of factor substitution The period under consideration The price elasticity of demand for the final output.The capita-skill complementary hypothesis is a supposition that states that physical capital is more complementary to skilled labor than to unskilled labor.

In the year 2009, China implemented a reserved transformation on the taxation factor in fuel and this led to an increase in gasoline consumption from approximately 0.3 Yuan per liter to 1.1 Yuan per liter. Despite its comparatively least impact, the fuel tax transformation contrary reveals that the government of China has a determination to control the high consumption of gasoline in the country.

Actually, when the employment starts to create problems, no one but the government can handle it in the right way. Now, before throwing some light on the importance of government in reducing the rate of unemployment, it is crucial to shed some light on the types and methods of measuring unemployment.   

The price of labor is the wage rate. It is the price that the corporate sector has to pay in order to buy the services of labor. It is normally calculated on a per-hour basis. Whereas, the quantity demanded of labor is the number of labor-hours employed. The equilibrium in the labor market exists where the points of a quantity of labor demanded.

One aspect that can alter this relationship is speculation. For example, in market cornering such as happened on ‘Silver Thursday,’ when the Hunt brothers tried to corner the international silver market. The Hunt brothers believed that inflation would result in silver becoming a haven, just like its more expensive cousin, gold.

So this is the opportunity cost of the drilling. These will be forgone. The current administration is in a fix. It has decided though to prefer the drilling

The author claims that the Obama economic blue print also intends to boost the exports. Obama proposes to create agencies to check unfair trade practices on the part of manufacturing hubs like China. To materialize his intentions to boost the American economy, President Obama also proposes to encourage the small businesses.

Some units were closed, and many employed persons got laid off in the workplace. Many reports indicate that fast food restaurants increased the menu options as a result of the changing economy. In the recession, many casual dining

Planned savings are always equal to planned investment at the equilibrium level of output because, at this point, unplanned inventory is always changing to zero. For instance, households normally make savings by giving loans to firms and firms borrowing from the household to pay for their investments.

Generally, the energy produced from sources of energy that are environmentally friendlier relative to fossil fuel is defined as green energy.  All renewable sources of energy are therefore included in green energy and according to the definition nuclear energy can also be included under green energy.

Nonetheless, Ricardo explains that this does not imply that U.S. should focus only on exportation of these products while China settles on the importation. Instead, U.S.

Developed economies were hard-hit by the financial crisis compared to the developing economies. Financial institutions of developing countries were affected differently by the financial crisis depending on their global linkage with affected businesses. It is necessary to enhance the regulation of the international financial system.

Economic crisis can be defined as a situation in which assets or financial value of a country, organization or institution rapidly drops. This paper will also look at how Khomeini upped his game to topple the government led by Shah. It says that Shah’s poor political strategies and failures gave the opposition a chance to bring about revolution in Iran.

(PFE -0.87%) and AstraZeneca (AZN.LN -0.22%) would result into a huge pharmaceutical company worth about $300 billion. The authors report further that the pursuit of the acquisition deal by the New York-based Pfizer Inc. would lead to a deal worth over $100 billion

Ever since before the Middle Ages, there was trade of goods between nations. During those times transportation was limited to horse carriage and ship transportation. International trade began to pick up more during the start of the industrial revolution as companies began to mass-produce products. 

Moreover, the action enables the protection of the legal governing objectives ( The Economist 58)Therefore, the degree of trade facilitation tends to enhance the procedures and the controls that govern the port thus improving the working terms in the business. The

that gathers the expense may not be a piece of focal government, however may be an option outsider authorized to gather tax, which they themselves will utilization. The impact of a change in tariff level of aggregate expense income relies on upon the great being researched, and

They anticipate that the government will carry out its tax practices and maximize the amounts of payments and pension of all the public workers who are members of a particular union. Public employees forming the unions

FOMC meetings are important because, through them, the finance presidents come together to review the monetary policies in operation and change when necessary. The meetings are held eight times a year. Federal Reserve rates and discount rates are discussed in the meetings. The meetings have press statements.

Home team supporters usually attend matches where they feel that the likelihood of their teams beating the opponents is much higher than their team losing or drawing. These uncertainty

The institution made huge financial gains in the first years of the boom. However, the situation reversed as the leveraging ratio worsened, reaching 31: 1 in 2007. The excess leveraging made the business highly volatile.

Additionally, I will be able to have a firm foundation in money matters that will go far in enriching my knowledge. The concepts will also enable me to relate new terms with those in the money and banking class. I will also be able to explain the role played by money and the banking sector in economic growth.

While the output of the economy can be at market equilibrium, the high level of unemployment can be traced back, not from the demand-supply equilibrium in the wage market as classical economists argue, but because of lower aggregate demands which, as Keynes argues, leads to lower demands in labor in turn.

This is the reason behind the much out of proportion importance of these minorities with respect to the total population of China. Hans Chinese, a majority in China makes up for 91.9% of the total population whereas, Zhuang, Uygur, Hui, Yi, Miao, Manchu, Mongol, Buyi, Korean and other nationalities make up the rest 8.1% of the total population.

At this juncture, we assume that there is no control or administration by government in the production, supply or distribution of milk. Milk is produced, marketed or traded in the totally

After a big EU bailout, the government of Spain has been asked to use austerity measures to reduce its deficit and bring the economy to its feet again. However, the government has adamantly refused to reduce pension expenditure like it has been asked by the EU, arguing that doing this will hurt the economy even more, especially with the rate of inflation expected to go up after energy prices go up.

In circumstance of setting a price ceiling, a higher frontier is set on the price, below which the economy would logically want. Thus, demand is greater than what it ought to be, and supply lesser, because manufacturers refuse to sell at a loss.

The procedures adopted in the discussion arise from socio-economic time series analysis as well as the interpretation of the uncertainty principle by Heisenberg. The aspect of economic Planck’s constant also came into the equation. The theory has been tested on circumstances involving probabilities and choice in the life of people. The

Since the global financial crisis of 2008, the economies of nearly all American and European countries have been severely crippled. The economic growth of the majority of Western countries had been highly jilted. This has raised concerns among the countries about restoring their growth trajectory to that of the pre-crisis level. In order to do so, the monetary policies of the central bank and fiscal policies of the government have become important factors.

Goals are prejudiced, and the investment decision is not sensible (the word “rational” is here utilized in the presentiment toward the neoclassical sensible goals hypothesis). Business owners creating investments are also contingent upon what other business owners and carrying out, and there may be general waves of positive outlook or pessimism.

To be an ethical consumer the person needs to adopt the fair trade, which is paid to the worker as workable wages. The role of the ethical consumer is to provide support to the poor farmer by purchasing food products from them. The customers need to be aware of the money and investment procedures (Crawford and Fogart 1-137).

The concept of industrialization followed by globalization has triggered the intensity of international trade practices by a considerable amount. This included the exchange of goods and services between industries belonging to the same sector. Multiple developing nations such as Singapore have utilized the concept of International trading.

Economic growth is mandatory to develop countries for them to promote and manage economic development. The progress of economic development starts with the country’s economic growth. It means that the living standards of people increases. It motivates us to work even more towards the national goal of managing and promoting economic development.

The favourable government Chinese policy is also one of the reasons behind the rise of the economy in China. The procedure helps reduce the number of obstacles in the trade and other sectors hence the accelerated growth in China. The presence of a favourable exchange rate policy that is designed to encourage competition.

With Global warming now affecting the ordinary person everywhere in the world this would be the right time to touch the humane chord and inform the consumers that this is partly due to wrong manufacturing practices, aided by unethical means of sourcing that is contributory to the predicament of mankind.