Macro & Microeconomics Essays

With these facts in question, one can easily accept the thought presented by the authors. From the article, I strongly feel that the authors would have at least included a positive side of today’s

The lowering of gas prices is an advantage to America. The prices of gasoline have fallen from $3.68 in the mid-year to $2.77 on Monday, this is according to the auto club AAA analysis. The drop in prices should be a key boost in an era when growth abroad is faltering even though it may curb investment in the expanding energy sector.

Most low-skilled workers easily meet these demands owing to the fact their vocational training not only allows greater career flexibility but also inculcates in them the necessary skills to undertake innovation and adapt to the prevailing industry requirements. In this regard, it is clear that high-skilled individuals are likely to find it hard to cope with the current dynamic market.

The following data represents the out put of quarterly distribution (GDP) in the United Kingdom from 2008 to 2014 (Attanasio & Weber, 1994, p.56). The areas of consumption are manufacturing, production, construction and services within the United Kingdom.

The interaction effects of estimates A*B have a second estimate of αβ12. It is because of the changes in level B taking place before those in level A. Allowing B to precede A would result in modifications in A before B. Understanding the changes in variables in the context of the set parameter estimates is essential in grasping the negativity.

The open economic policy approach, however, ceased to retain its economic success. The essay presents a succinct exploration of problems causing the recession in Germany’s economy, loss of monetary policy independence, a minimal rate of productivity growth and higher

The readjustments include maintaining workers and employing skilled employees to reduce the training cost.  Empirical research also shows that an increase in the minimum wage leads to loss of employment thus increasing the unemployment rate. Increasing the minimum wage means that there is an additional cost.

The rising cost of college costs has in turn affected the manner by which students live and work. This paper will discuss about the increment in college tuition fees from an

Foreign direct investment (FDI) has been one of the important characteristics of the global economy for the past twenty years. It has developed at an unparalleled pace for over a decade. The liberalization of the overseas investment regimes is an essential part of the expansion of FDI, which has received great interest from developed nations in general and less developed nations in particular in the current decade.

India has many problems like religious intolerance and other issues that hinder in its development. If India can work something about these issues then surely India can follow China in its quest of economic supremacy. Other than that the prospects of the Indian economy is great and it surely has a significant position in the future. 

These limits were often negotiated between the employer and health insurance companies to cap out the total benefits a person could receive in a lifetime. It was common for a lot of these lifetime

time for me to go further in my desired field as I have not only completed my graduation but also I am fully determined to establish my career as an expert economist. My major subject in college level education was marketing but my interaction with microeconomics made me change

According to the law of demand, during the decrease of price consumers obtain bigger quantity of the product. However, the reaction’s degree of customers

Further, there are sometimes unintentional consequences when the U.S. government intervenes in the healthcare market. Economically, the government will lose from fraudulent healthcare practices. The lazy

Alan Blinder presented his side of the story in a Wall Street Journal article in regard to free trade arguments (Wessel & Davis, 2007). Although he held a different opinion in prior years to the posting of this article, the article reveals the critical concern of free trade in a globalized world. Specifically, communication has allowed the outsourcing of services externally; outside one country.

3) The trend for the last four decades have seen entry of more women into the work force and this has been triggered by increased perception and empowerment of the women that but family responsibility equally on men and women. 4) Substitution

tudent’s work, submitting this exam’s answers written wholly or partly by other(s), “rendering” on electronically available sources and collaborating without the professor’s permission, However your aspirations call for a promotion attempt. The Dept’s policy

Congress has the authority and responsibility to maintain federal debt and borrowings. The concept of debt ceiling means the limit of borrowing at some specific time period. The implied rule is: the government must

The government tried to conceive people that it was not its fault. However, due to many new employment opportunities, the standard of living in China was growing and, consequently, bourgeoisie was not pleased in it. The main reason of inflation was not the increasing of the

Where Y is the level of production, K is the stock of capital, N is the number of workers employed, E denotes the technology, EN is the efficiency unit of labor, α is the share of capital. The marginal product of capital represents the additional output resulting from employing one additional unit of capital. It is obtained by differentiating the output (Y) function with respect to capital as shown below.

Therefore, significant focus on revealing the paramount role of these sectors can substantially improve the nation to accomplish its long-term financial goals. In this respect, the proposed study should be conducted within the ‘International Development Institute at Kings College’, London for having a better of the importance of different sectors towards economic progress.

Coffee and tea are examples of positive cross price elasticity of demand. The value of elasticity of demand normally differs along a demand curve. On a demand curve for coffee, cross

The firm will not only deal with buyers and sellers but also those looking for commercial locations, which are for lease. The firm will also do comparative market analysis

Income inequality refers to the disparities that exist in terms of income between different groups of people or households in an economy. The Gini coefficient together with the Lorenz curve makes up the two measurements applicable to the measurement of income inequality. Inequality is a problem that faces not only developing countries but also developed countries.

The European Union is an International Organization that comprises European countries that joined hands to form the alliance in an attempt to gain strength through unity as a block as well as facilitate free trade between member countries. The Union provides numerous benefits (advantages) to its members such as the facilitation of a single market and currency for its members.

The essay intends to evaluate the demand and supply aspects of copper. Firstly the paper intends to elaborate on the factors that affect the demand, supply, and price of copper and result in fluctuations. Copper is an important material that influences the economy to a considerable extent and has a positive as well as negative impact.

The intermediation of foreign credit was dominated by private banks in the middle of the 19th century but was consecutively displaced by the joint-stock banks. From the analysis of German foreign investments in the late 19th century, it follows that German lending was focused on bond financing to neighboring countries.

1998). Thus, successful unions will have powerful collective bargaining to realize the achievement of better-working conditions, wages and benefits. They also showcase fewer strikes as members welfare are

The model of externalities may be said to involve three key issues. These are residuals, intangibles, and incommensurables. The residuals involve the pollution of the environment and wastes that are produced by the petroleum sector. Such include the carbon II oxide that is produced in the air, the noise, and the oil spillage into water masses. 

The creation of scarcity, in essence, comes about when the supply does not meet the demand for goods and services. High prices reflect the scarcity of goods and services while low prices are a reflection of a higher supply or an abundance of goods and services. The idea behind the supply and demand concept is a huge factor when it comes to the price and scarcity of goods and services.

Flexible or floating exchange rate system, fixed exchange rate system, and managed floating exchange system. In a system, of fixed exchange rates, the government intervenes in the currency market through the central bank; the exchange rate is fixed for it to stay close to a predetermined exchange rate target.

This paper will discuss how Los Angeles is slowly emerging as the next Silicon Valley. If research is conducted on the next Silicon Valley, there are a variety of probable answers that can be collected. In most cases, most individuals will mention New

In this respect, support for farm subsidies has declined over the years. On the same note, prices of farm produce continue to decline as competition becomes more intense both locally and internationally. As a result, farm-based businesses have become more and more popular,

The market is said to be in equilibrium at this price. If prices of baseball bats are above equilibrium, there will be excess supply of baseball

The Communist ideology asserts that society should be established to ensure an equitable and fair distribution of resources, including production output and tangible land resources, that will liberate the working man from arduous and alienating labor in an effort to explore their own lifestyle ideas and value-added social activities (Holmes, 2009).

This paper dwells on the analysis of Tesco, a top British grocery shop in the UK. It explores Tesco’s comparative advantage against its disadvantaged areas in the UK. The analysis is done in four major parts: analysis of the external environment of Tesco through the PESTEL analysis and Porter's five forces model.

A report by BBC News Africa on 30 April indicates that new soldiers are being recruited by the warring parties to fight in the war that has seen thousands killed, and close to a million others displaced. The sad part about this recruitment is that children are the ones being forced to sign up and fight for either party, that is; the rebel forces and the nation’s army.

According to William Dudely, the President and the CEO of the Federal Reserve Bank of the United States, such abrupt economic policies have a significant impact on

b. Make a scatter plot of the relationship between the average years of education of the labor force in 1975 and per capita real income growth over the period 1975 to

Economics of Coupons & Rebates: It is a strategy, which attracts product consumers to make frequent purchases in order to benefit from the discounts or additional units provided (p. 565). Cross-subsidy Pricing: It is an exploitive strategy, which allows a firm to acquire its target profits by charging different prices to its consumers without their knowledge because of the reduced level of transparency.

The population of the country is one of the elements that has enabled the prosperity in manufacturing since a cheap pool of labor is readily available thus firms have to cut operational cost while conducting business there. Currently, China is the second largest economy in the world based on GDP as indicated by statistics from IMF.

The Great Crash, 1929” is a book by John Kenneth Galbraith originally published in 1955. The current copy, however, is the 1997 edition published by Houghton Mifflin Harcourt, located at 215 Park Avenue South, NY. The 206 pages long book falls under the genre of economics and business, considering that it evaluates the causes of the 1929 stock market crash and its effects on the US.

I have garnered invaluable knowledge with my stint in both the lower and upper echelons of the organizational structure. My exposure to this dynamic organization and interaction with my highly diverse and brilliant colleagues and subordinates have stimulated my interest in Economics and impelled me to pursue further studies along this line.

Flaring gas emission which is a blend of hydrocarbons occurs during the processes of oil being drilled or tested at oil and gas wells. These emissions similarly occur through natural gas pipelines as a result of mechanical failure and poor maintenance. The World Bank estimates that over 110 billion cubic meters (bcm) of associated gas is vented to the surface worldwide.

The retailers started applying theatrical themes to a retail store to create a total experience for the customers. A business that wanted to prosper in the emerging experience economy had to customize the customer experiences and turn them into transformation. This prompted the retailers to use the term ‘retail theatre’ in public description. 

Suppose a certain organization reduces the price of one of its products by 10% and the demand of the same product increases by 20% then the price elasticity is 2. The demand curve of gasoline is said to be elastic. Another important concept is income elasticity which refers to a change in demand of a certain product due to changes in the income of the people keeping the conditions constant.

“These data indicates that certain socio-economic variables like consumption habits, income and gender, are significant on the willingness of an individual to buy wine, on the other

It is discovered that a progressive taxation system is a culture that has already been embedded in people over a long span of life. As a result, citizens do not oppose tax reform especially with a promise of stimulating economic activity. However, none of the promised gains from the taxation system has matched the real results.

The company needs to constantly update its technology to remain in pace. Its product lines can be challenged by economic downturn and currency fluctuations. The company has always adapted measures to satisfy the interests of

The funny thing about the virus is that scientists are not aware of how the virus is spreading and how the virus can be stopped. If the current trend continues, then pork production in