Macro & Microeconomics Essays

Even so, legislation affected the industry in matters of environmental concern, and players in the industry have to adopt efficient manufacturing methods (Alcacer and Leitao, 2013, 9). Players

But as far as decision making is concerned as nominal data represent item/service worth in terms of prices therefor it may not depict the real picture of

The debate regarding gasoline taxes in the United States, as published in The Washington Post will be analyzed in order to recommend whether the tax should be changed or not. The cause and benefits of the Trans-Pacific Partnership related to international trade agreements that have become the headline of The New York Times will also be examined.

Emerging economies in the Latin American region were at increased risk of defaulting on their foreign debt obligations. The situation was worsened by the banking and property crises and exchange-rate volatility in the Asia Pacific in the late 1990s. Both investors and creditors became nervous and lost confidence. 

Alienation does not only transform laborers to lifeless machines but also removes them from their social being. This form of alienation originates from the bitterness developed by the social class structures of a status quo. Laborers are alienated from the individuals who take advantage of their labor and manipulate the objects they produce.

I wish to expand my knowledge about various ways in which my contribution towards the development of the country can be enhanced and also develop an understanding of identifying the main hurdles in the development of the country. I would also like to explore various economic measures that can be taken to avoid basic evils such as corruption.

Banks aren’t most admired in the best of times even, but the rage of recent years is unparalleled. This understandable anger has ignited the imprudent idea that we should break up the largest banks of the nation. Before the crisis period, voracious bankers used their political power to grow from minute into humongous financial firms. 

Manufacturing sector is the key for economic growth and solving unemployment problems. America’s oil production has been increased a lot in recent times and it helped the government to lower the energy costs both to the consumers and manufacturers. Science and

Under ideal circumstances, a perfectly competitive market reaches an equilibrium that is both productively efficient and allocatively efficient. Unfortunately, market conditions are not always ideal, and

This paper will seek to analyze the elasticity of the product in terms of demand elasticity, income elasticity, and cross elasticity. The paper will also provide the rationale for the classification of the products from the chosen company in different elasticity. This study examines Apple Inc. and its products. 

An increase in AD leads to increased output and investment under the adaptive expectation concept and a decrease in AD causes a decreased output and investment (Pentecost, 2000). Under the rational concept of expectation decreased AD means of change in output and investment while decreased AS leads to an increase in output.

Among the country’s strategy to end terrorism in other countries before the US is affected. The cost of this war could be computed using Lewis and Goldin method. It means that both direct and indirect costs of the war on terror have to be calculated for the past decade. The direct costs would include the total government expenditure on the war.

However, the system once adopted and appreciated by governments and their civilians many years down the line is in the modern times questioned, over its suitability in remaining the global reserve currency, come 2050.

Population has a direct impact on crime rate and the occurrence of the same in the society. For instance Merlo (2003) attributes the drop in crime rate rates to factors such as the demographic factors and their occurrence in the society. They justify this by pointing out to the fact that the drop in crime rate in the 90’s is due to the growth of the police force by 35 percent something that led to a lot of arrests and rise in the number of prison inmates by 24 percent.

The decisions that are made in the monetary policy focus mainly on the interest rates. The key interest rates that are brought about for the euro are set by the governing council (King, 1979). The interest rates are the main refinancing operations that provide the bulk of liquidity in the normal way and this is to the banking system.

In as much as possible, multinational organizations should invest in R&D and training of team members to ensure that the people sent out on foreign missions have a proper grasp of management. It is also important to have performance metrics in place and proper remunerations to act as a motivation for improved performance.

The standard neoclassical assumption is that a business firm seeks to maximize profits from producing and selling an output in a market. What happens in real life, however, is that there are other objectives firms might decide to pursue and this has implications for price, output and economic welfare.

The current circumstances indicate that the world’s most sophisticated financial system is going to collapse because of multiple failures of giants such as AIG, Lehman Brothers; Northern Rock clearly indicating how the external environment is rapidly changing.

There are five essential elements involved in the delivery of experiences for a business enterprise. These five elements foresee: theme the experience; harmonize the impressions with positive cues; remove negative cues; bring in the factor of memory through memorabilia, and ensure that there is an engagement of all the five senses in the experience.

When government deficit rises, the government takes loans from banks leading to a shortage of credit availability in the nation and thus a rise in interest rates. This rise in the rate of interest leads to a rise in the value of the national currency and thus a rise in the national price level in terms of foreign currency.

The impact on banks is therefore an increased number of borrowers. The other impact is the increased deposit due to revenues generated from the market thus increasing the liquidity level in banks. Rapid increases in

Nevertheless, if one of the involved organizations possesses a dominant strategy in a particular case and the others do not, then the manager of the organization having a dominant strategy would follow the dominant strategy. The other organizations in the market, realizing that the particular organization would pursue its dominant strategy, would take their optimal decisions accordingly

When the interest rates are at or close to zero bound situation, the policy can no longer be executed but instead, the central bank involves quantitative assistance so as to improve the economic recovery thus the quantitative easing is a monetary policy used to impede the money supply falling when the standard policy turn to ineffective. 

A merit good is a product or service, that the government aims to provide to all individuals in society (Ver Eecke, 2003, p. 701). The term consists of all economic activities by authorities, and they are not mainly developed for economic reasons, but to support societal incomes, which are not performed for economic reasons or profits (Ver Eecke, 2003, p. 701).

c) Iron deficiency is very perplexing in the developing world because iron deficiency reduces the productivity level of people in the world while iodine deficiency causes mental retardation and brain damage. The solution for the iron deficiency is to take

According to history, the late-cycle period usually lasts an average period of one year and a half. Annually, the overall stock has averaged approximately 9% during the late-cycle. As the recovery period matures, sectors including materials and energy have outperformed due to good prices in raw materials that these sectors depend on.

Hence, this may be caused by increase in population to spur economic growth. Developing countries experience this type of growth as they are

The United Kingdom (UK) economy and the global economy had lately faced massive economic turmoil, which has dramatically influenced the macro and microeconomic condition of the nation. The economic turmoil witnessed by the world including the UK ended the continuous flow of economic growth, stable inflation and rising employment.

of individuals around the globe still smoke; partly due to the fact that one of the primary components of tobacco smoke is nicotine; a substance that has been proven to have a very highly addictive nature. As governments and health care stakeholders have come to recognize that

This paper offers an empirical examination of the impact of the FIFA World Cup on the hosting country’s economy. Countries such as Germany, Brazil, South Africa, South Korea and Japan after hosting the Fédération Internationale de Football Association (FIFA) soccer finals their economy have tremendously improved.

In a world of economic and gross social inequalities that is leading many individuals to live without basic needs like water, food, education, housing and healthcare. Also, millions of small-scale farmers are significantly affected by international trade policies, globalization, and third world debt.

A portfolio holds risks that may affect its price. These may lead to the overvaluation undervaluation or correct valuation of the stock. In developing a stock portfolio, one covers the market prices and the changes that the stock is exposed to overtime that will allow it to either grow or fail in the market.  

The Dow Jones Commodity Index Series measures the commodity futures market, emphasizing diversification and liquidity using a simple, transparent, equal-weighted approach. The flagship index’s straightforward methodology makes it well-suited to serve as both an equal-weighted beta index and a building block for index modifications.

From the report, it is evident that enriched job designs have a great impact on job satisfaction. Designing jobs in terms quality circles, job rotation motivates employees to improve performance and it enhances

Perfect competition is a free market where the prices of various commodities are determined by the forces of demand and supply. In a perfectly competitive market, there is free entry and exit of goods and services. Perfect competition is important in that it provides an ideal situation that makes it possible to analyze markets.

An effective research should feature the major forces within the target country that may influence the success of the intended investment (Linda). This paper presents an analysis of investment opportunities in east African

A monopoly market structure is an economic market condition whereby one seller dominates the entire market. An Oligopoly market structure is an economic market condition whereby numerous sellers have their presence in one single market, they are usually small firms that dominate the entire industry (Pindyck & Rubinfeld 2001). An example of an oligopoly market structure is the health insurers.

However, with the development of technology, the music industry has also experienced a shift towards the digital and online world,

A record of transactions between two countries implying a difference in the total value between payments into and out of a country over a period of time is shown in the balance of payments. BOP encompasses goods, services, and income, transfers such as gifts and pension as well as financial claims and liabilities.

Beats can also fill this gap if it stays “on its toes” and commits to staying ahead of the competition. They can even grab the market share of new products or more efficient devices. There are two factors that make this possible. If the company is innovative, the new product can ensure that new customers are attracted, and older customers are retained.

For example, in case a household’s public service demand goes high where households with higher income choose jurisdictions which provide higher public service levels, or there is sorting by income of households between

The government ownership cuts across the steel, transport, telecommunication, energy, and many other industries. The importance of such

2006 is a tumultuous year for the World Trade Organization. There are several issues facing the organization this year, ranging from new membership to agricultural subsidies to genetically modified foods. The organization finds itself at a crossroads in addressing the global trade imbalance between rich and poor countries.

Since the future is uncertain and no one can easily determine the upcoming social alteration, “the importance of family and community in supporting a successful transition from adolescence to adulthood in times of social change” (Crockett and Silberesein, 2000) is a very important factor that may shape an individual’s development.

A monopoly is defined as the existence of a sole supplier of a particular good or service with no other competitor in a price range. The individual firm is the entire industry in the zone and owns the entire market share for that particular product or service. Monopolies exist because the barriers to entry- legal, economies of scale, patents, or others- are huge and difficult to overcome.

It was clearly noted that “the relief this summer, however, is due to expected cooler temperatures, rather than cheaper rates… is partially offset by a projected 2-percent increase in average electricity

The high number of employed individual’s in Britain economy increases the overall spending in the economy and subsequently, the general economic activity of the country is increased. Reduction of the rates of unemployment increases expenditure within an economy and results in improved economic activities (Jovanovic & Jovanović 2013).

USA’s economy was faced with numerous issues/challenges during the 2012 spring (from March up to May). Some of these challenges were inherited from the previous years particularly the famous 2008/2009 US economic crisis and federal reserves. However, by the beginning of 2012, the US economy was stable according to a report that was released by the Federal Reserve Bank of San Francisco on January 2012.

K is a constant; it shows the amount of money that individuals are willing to hold for every dollar of income. It is inversely( k= 1/v) related to the velocity of money since holding money reduces the amount available for transaction and hence available amount exchanges

Economists and environmentalists come to an agreement that greater economic activities usually lead to increased industrial pollution both in developed and developing countries. Even though it is almost impossible to achieve nil pollution, the situation can be controlled through proper regulation of production activities.