Macro & Microeconomics Essays

An overall deceleration of economic activities and business cycle reductions are defined as recession in economic terms. However, no standard definition exists but generally, a period of falling economic activity is characterized as recession.

e market bottoming is a worst case scenario since the 1930s, necessitating a critical analysis of different factors that led to this phenomenon (Hull 121). Numerous economists, house market experts and business analysts are presented, each of which acknowledges the deterioration

For example, an apple is a commodity that has value because I can help prevent someone from going hungry. If the apple has not gone off and is still okay to consume, then the apple still has a use-value. So long as the apple is able to be consumed it

Analysts claim that rapid adjustment of the deficit towards balancing will demand that a sharp depreciation of the U .S dollar. At the end of the Fiscal Year 2011, the estimated ownership of Federal Debt that was held to the public included 16

In the recent past, the gap between the rich and the poor has been on the spot. In fact, this matter has been politicized to the extent that it almost crippled the economy several weeks ago. James Piereson (February 17, 2014) expresses the continued concern

Although the game is mostly used in the field of Economics to ensure that players are able to maximize decisions given a set of choices, the mathematical and logical applications of the techniques of game theory have been applied in other diverse fields and provide useful merits on which different people can make logical and rational decisions.

When output was between 5000-10,000 tables, its average cost was $24. In this output range, each table contributed 60% of its revenue to fixed costs and profit. d) If the Smith company increases its price by 10%, and

The Washington Consensus was a product of the conference paper written in 1989 to draft a policy aiming at the relief of the developing states. The Washington Consensus incorporated around ten policy lines to be implemented at microeconomic as well as the macroeconomic level to be adopted by these developing states.

It contains a strong covalent bond between its atoms. Diamond is majorly known for its hardness as well last thermal conductivity in comparison with bulk material. Such properties make it useful in industrial application such as

His less-scholarly work adds to the respect he has gained for the contributions that have gained him the Nobel Prize because he has come up with a new theory of trade in regards to world trade that previous theories could not. Moreover, his theories have become

The author states that there has been a vast range of reasons that have led to the increase in women’s labor force participation. For instance, the rise and improvement of technology in the information era resulting into less time required for household chores, and changes in social and political attitudes among others.

r presents a time-series analysis of inflation rate in the US, assesses relationship between current and future inflation in the US, and discusses the relationship between inflation, labor force, and unemployment. The US government published on 20 November 2014 that the latest

This essay mainly focuses on the identification of the major factors, that helped Japan government to rebuild country`s crippled economy in a short time. As it is shown in the essay, Japan economy expanded rapidly owing to the effective economic and foreign relation policies the government formulated and implemented.

Not only has this ruined the credit portfolio of countless millions of Americans and Europeans, but it has threatened business growth due to the freezing of credit lines that once existed freely. Even fiscally sound businesses have had difficulty gaining access to needed funds in order to expand, which would have served as a spark to a struggling economy.

As the report discusses the industry has a huge revenue base that one of the world’s most significant economic segments. The industry is largely dependent on the progress of new technology in the world. As markets in the different regions of the world mature, they long for the competitive advantage more and more.

The economic nature of this union determined its integration in the field of economy to an extent the European founding fathers never imagined; however, the ongoing process of EU enlargement provoked many controversies and problems related to the core nature of integration within the EU and the subsequent process of further expansion of the union.

If the economy is still in recession, the buyer should exercise more caution in buying a house and should wait for better times before letting go of his or her precious resources.  The recession meant uncertainty and the company that the buyer works for maybe downsizing that he or she could be affected or worst, it might fold. 

Labour supply and demand curve consists of demand and supply of labour plotted against the price of labour. In our evaluation, we will identify the effect of minimum wage both in the case when it is above the equilibrium wage price and when it is below the

There are various reasons that make this policy the most plausible for tackling the problem of global warming. The policy operates on the basis of tax applicable for curbing carbon emissions to the required levels in developed countries. This policy is based on the premise that a huge sum of money collected is recycled into the economy, thus it is not lost at all (Fog, 9).

There is an intricate relationship between the economic growth of a nation and the distribution of wealth of the nation. In line with this, great thinkers, scientists, and economists have not come to an agreement on the best approach to take while distributing the wealth that a nation created since they have different approaches depending on the model that they used.

National out, unemployment, and inflation are the three major concerns of macroeconomic analysis. Nominal gross domestic product captures price changes while real gross domestic output incorporates inflation alongside price changes. The nominal gross domestic product increases with an increase in inflation and cannot is therefore not an accurate indicator of a country’s output level. 

The fiscal crisis in Greece is attributed to a situation of economic fiscal profligacy that is attributed to the beginning as early as the 1980s when an upward trend in public debt began. The situation of fiscal profligacy was facilitated by the presence of deep-rooted corruption and an inefficient political system (Georgios, 2010).

Bakers, established in the year 2005 is located in Chicago. The enterprise is concerned with the production of pastries like bread, cakes of all varieties, cookies, doughnuts and biscuits. Located in the heart of Chicago, the pastry enterprise serves as the greatest provider of pastry products in the city. The industry has five sub-branches within the city to reach out to more city dwellers while providing them with the best quality pastries.

erit – GDP does not consider leisure in its analysis but nations or people that tend to spend more time working has a high income but does not imply well-being. The GDP only considers general outlook of an organization but not the total assets which is economically wrong,

The successful completion of the study is expected to yield several significant advantages. In the first place, there are academic benefits that will be produced after the study has been successfully achieved. Such academic benefits are expected to be yielded as there are numerous gaps in the literature concerning the relationship between corruption and economic downturn.

The Philips curve involves a historical inverse relationship that exists between the rate of inflation and the level of unemployment. Having been discovered by AW Philips, a British economist, the Philips curve has become one of the important tools used to undertake a macroeconomic policy. During the 1950s, the major tool that was used to manage the trade cycle was fiscal demand management.

According to the study human being depends on goods and services to better their lives. In that design, the consumption of goods has a two state categorization; public and private. Public goods actually are goods, which are very hard to separate those who pay, and non-payers as the goods are in plenty. 

Thus the basis of gaining a good insight into these economic theories comes from the way the people conduct themselves in line with the ethical codes, moral procedures, legal obligations, and so on, that are generally governed by any society. A case in point is the distribution of the most basic needs for the sake of the people.

In my personal opinion on this topic, the result of the economic downturn in the U.S. will impact other nations in different ways. As highlighted earlier, some nations which have economies that depend heavily on direct exports of raw and finished goods to the U.S. have been very negatively affected by this downturn.

The US economy experienced a hard-hitting recession that placed the economy at another worse off condition since the occurrence of the great depression. This situation was an indication of how interest rates and the real estate market play a central role in determining the performance of the economy and its welfare over time

It is also an important tool for empiricists as it is ideal for simplifying data analysis. These four types together can provide economists with valuable information. For example, it

Author has outlined the history of Fed and has suggested that its monetary policy changes have played an important role for winning the elections for the Presidents in US. This year too, during the election days, Fed is going to

According to the author, there is no general theory of exchange rate determination. Various economists apply different theories to come up with the short-run and long-run determinants of exchange rates. However, most of them agree that exchange rates are determined by parity conditions such as inflation, and purchasing power.

In this report, we will ascertain the performance of a portfolio consisting of five companies in NASDAQ. We want to analyze their share price performances from 20th September 2012 to 19th November 2012 and assess the impact of the share

The author states that the cyclical downturn that manifested itself in the middle of 2012 and the gloomy outlook on the economy in 2013 has the implication on the employment sector being a slow growth in the rate of employment. The downturn of 2012 was a major blow to the prospects of employment.

The approximate worldwide catch of cod in 2008 was 750,000 metric tons (Fao.org 2014). Norway, Iceland and Russia contributed more than 73% of this catch. The market price of cod block in 1968 was 26 cents per pound in January of that year (Parsons 1993). While the market price of a cod block in 2008 was $1.51 per pound in the US (Seafoodbusiness.com 2014).

The Chinese economy highly relies on socialism as well the capitalism similar to the US economic system. Apart from this, the approach of the Chinese economic system is more of communism. In this regard, it can be stated that the approach of the economic system of the Chinese government was communism, during the transitional period.

The United States health sector approaches 3 trillion dollars where any change in the market could have high implications. The Patient Protection and Affordable Care Act design leads to the harsh debate concerning key principles of economic freedom between republican and Democrat Senators as well as their representatives.

In economics, the market structure can be defined as the collection of factors that determines the interaction of buyers & sellers in the market and controls price movements, production & selling process in the market. In other words, market structure is the no of firms producing identical goods & services in the market, which are homogeneous in nature.

The papers help relate the issues that led to the divergence to the current issues faced in the business world. The paper broadly gives a general outlook of the phenomenon. The paper will give a foundation to the draft and the final paper. Extra resources including journal articles, business history books related to the phenomenon are used. 

Elasticity is the degree of responsiveness in supply and demand within a market in relation to price changes. An elasticity value that is greater than one indicates that the demand for goods is affected significantly by the price. It is measured as the mathematical ratio of the percentage of change when assessing the impact of the variables upon the other.

The paper under analysis also accentuates that China as a country is one of the fastest-growing economies in the world. The result was population control, improved living standards, global expansion through the increase of trade with multinational companies. The political atmosphere is still however controlled. 

Beijing, the capital city of China is threatening to dislodge Washington from the coveted position due to its growing population and economic growth. This report will, therefore, explore some of the economic aspects that have been proposed as being behind the change. According to Kroenig, China will have overtaken the United States.

He thought that only a portion of tax can be cut for expenditure where all the government expenditure would be used. In all the cases, there is the implication of greater consumption and not saving which becomes the key to prosperity. He emphasized on fiscal policy over monetary policy to be used as a tool for stabilization. He used the policy as a treatment of money.

Analysis of Strengths, Weaknesses, Opportunities, Threats, and Trends is the most accurate, efficient, and cost-effective way to get a solid understanding of a business. The first key to a good SWOTT is to ask the right questions, and good judgment is required in synthesizing information to developing the elements of Business in the USA (Ranseen, 2004).

Globalization processes are still evident within and between global and state institutions, and across and within cultural, political and economic dimensions, with the major driving forces being technology, Foreign Direct Investment, and trade. As revealed in this paper, driving these processes is an emergent international elite. 

The author of the paper will begin with the statement that s\he has always envisioned a life filled with success and for this, s\he is ready to give his\her very best. This is the reason why the authors want to make a name for him\herself within education so that his\her basis is strong and his\her future is bright.

The researcher of this paper aims to present that Status Consumption, as originally defined by Thorstein Veblen in his “Theory of the Leisure Class,” refers to purchasing and the subsequent displays of unnecessary, expensive items in a manner that suggest or rather attract attention to an individual's wealth.

olicy whereby policy makers were admonished to adjust the supply of money in the economy to achieve the purported goal of inflation and output stabilization (Mathai, 2011). At the time of writing the article, among the three principal entities of stable prices, full employment

For instance, one could be a doctor but only treat kids or a dentist where you specialize in teeth only. Division of labor is the assigning of work to specialized workers in each and every field that they have