Macro & Microeconomics Essays

However, the reality behind the perceived success of banking in the U.S is concealing some illicit deals that are perpetuated by the very bigwigs at the helm in the industry.

There is a need to evaluate the impact of financial transaction tax through available data. In this case, this can be achieved by looking at data involving four major economic factors of a country namely: Inflation, money at its local currency unit (LCU), revenue collected from tax, and the gross domestic product of a given country.

This research will begin with the statement that inflation is a situation when the prices of goods and services increase very rapidly but the availability of the goods and services remain same.  Poor people cannot purchase everything because of rising in prices, so the rate of poverty also increases in the affected economy of the inflation.

Japan has been undergoing a recession due to several occurring circumstances that have led the country’s economy to gradually spiral down. For instance, on 8th December 2009, the government of Japan arrived at an agreement in regard to the financial crisis that the nation was facing and thus chose to inject a stimulus package into place. 

As identified earlier on this report, the factors that contribute to the increase or decrease of GDP include the population of the nation at hand, the spending on health care, and the overall

The factors considered above do not work in isolation, but their collective effects determine the rate at which the different nations accumulate wealth and hence the rate at which they grow. Going by the two theories above, it is true to say that the process of wealth accumulation could result in conflicts due to unfair competition. Wealth accumulation is the cause of a lot of evil in the world.

The author states that Pareto efficiency is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual criterion worse off. The concept is named after Vilfredo Pareto, who used the concept in his studies of economic efficiency.

Investing in property is often considered as a ‘safe’ decision especially for funds that will be ‘controlled’ for a long term period – the purchase of property and its re-sale or its use as a source of income has been found to be more profitable for investors that are interested in long term investments.      

Nowadays societies are integrated, technological transference and innovations are vital for countries to transcend, and frameworks are being established in order to become part of this global trend. Undeveloped countries are no exception, and their governments have made agreements with more developed countries.  

The rationale is simply that the market is running at its full efficiency and all the potential for further improvement has been exploited, that means there is no wastage in the economy. Market structure is the set of underlying characteristics like level of competition, the cost structure of a market that helps in determining the wastage.

Last year, the Centre for Economic and Policy Research (CEPR) estimated that unemployment in the United Kingdom, measured in terms of the “harmonized unemployment rate”, was at 6.6% or up from 5.3% in 2007. The unemployment rate of the United Kingdom was the ninth-lowest unemployment rate among the 21 countries sampled by the CEPR.

I could also change my taste of clothes into those made from fabrics that are wrinkle resistant to avoid ironing. Lights could be off in

icial Cash Rate (OCR) is often referred to as “the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement” (Wylie, 2009). The term of the interest rate is defined in terms of demand and supply of funds and the Fed Funds

For instance, allowing insolvent banks meet the floor capital requirements. Moreover, banks were allowed to take goodwill to be an asset hence increasing the net worth of a bank. Banks which failed were also permitted to operate. How do deregulation of

Monopolies get their control from being a single seller in the market. This implies that the single seller will control the market, which is in contrast to perfect competition that is composed of many sellers (Musgrave et al, 33). Therefore, monopolies will be price makers as they are the only ones that produce the product failure to which the products would not exist.

The floating exchange rate is determined by demand and supply conditions prevailing in the markets for the currencies. Most of the developed countries are adopting floating exchange rates where the exchange rate is determined based on the demand and supply situation. Self-correction mechanism is inbuilt into the system.

tes that the value of an object or an activity arise from the level of utility an individual derives from it, or the level of utility that one will achieve from using. This means that the level of utility varies from one individual to another or from one user to another. Value

The shipping industry is accounted as one of the largest industries to operate in the current times (Taiyou Research, 2013). Successful growth in the industry is dependent on many factors. According to the report of AT Kearney (2012), success in the future will remain with the carrier that will be able to offer effective, efficient, flexible, and convenient business service to customers.

Beer and Cannon begin their article by arguing that intense pressure for superior performance has pushed organizations to pursue managerial practices likely to spur and improve competitiveness. Though many studies have been conducted on pay-for-performance, not much has been investigated on managers’ pay-for-performance implementation strategies.

2. IMF has significant influence in the developing economies where it assists in development agenda. However, it is important to note that it has always come up with some economic restructuring policy that affects the citizens.IMF have in some instances

Over 1 billion people in the world lack access to clean water. Economists indicate that scarce resources such as water are usually priced high (Baumol &Alan 288). Many rivers are running dry and water tables dropping across the globe. Industries and agriculture are the major consumers of fresh water (Kalpakian 174).

When GDP is high in the countries that Pfizer pharmaceuticals supply their products, the result is that the demand will be high as the people have better living standards. It is with no doubt that the

Both short run and long run economic growth may be experienced an economy, whereby short run economic growth involves a period of time where one factor of production is fixed while other factors of production can be varied. On the other hand, long-term economic

The factors above are influenced by methods of harvesting, topology of plantation and cultivation practices. Coffee is processed by two methods; Dry method; this is done to Robusta coffee, though has been used over a long period of time.

By 2011, it had risen to 8.5% and 8.8% in 2012 before it started going down rapidly in 2013 and by this year it was calculated at 6.2% of the economically active population. The U.K Government through the Flexible New Deal policy aims at reducing unemployment through evaluating job expertise at the earliest period of the unemployment crisis.

Akerlof (2003) mentions how heterogeneity in quality and asymmetric information leads to diminishing or distraction of markets that have indefinite guarantees. Thus, the presence of asymmetry information makes the buyer not distinguish the quality of products. This gives sellers an opportunity to sell low-quality goods at the same value as high-quality goods.

nowledge, I find the recent article in the Wall Street Journal detailing the reality that China has lowered its growth estimate to a staggering 7 percent to be particularly telling. This article points out the truth that China’s economy has been growing for much of the last

at china is injecting funds into and enterprise that in a different country the text discusses on the main targets of the FDI and the interest of the chine managers. The Chinese managers see FDI as a way of upgrading technology and augment earnings (Morck, et al. 2007). With the

In a study done by the bureau of labor statistics data, the unemployment rate in America has fallen to 5.5% from 10%. A contradicting fact is brought out by Swanson ( 2015) where she indicates that, in 2010 and 2011 the

This was occasioned by the fact that the GDP of a country most of the time tends to follow certain criteria depending on the rate of inflation and the rate of unemployment among the country’s population. In this regard, data was collected for 19 years (1980-1998), for all the variables; GDP, the rate of inflation, the rate of unemployment, long term interest rate, short term interest rate, the CPI-consumer price index.

The huge expenditure incurred during the election campaigns could be one of the reasons for such a decline. Events around the world certainly affect the domestic polity and domestic growth figures too. But the country’s economy seemed to have picked up hereafter. With the consistent rise from 1983, the GDP figure was at 6981.4 by 1989. 

Political obstacles remain for either a Keynesian program or a more radical one; as Yates himself notes, many voters and workers already know something is wrong.  Nevertheless, “socialism” remains a dirty word in US politics, while a “new New Deal” approach might have some resonance in a nation with a memory of the successes of Keynesianism and a strong nostalgia for the post-war period.

Poverty in crude terms considered as a lack of availability of goods and services to the men, women, and children of society.  Take the example of the United States of America where poverty and employment are rampant due to economic recession. If we look at the census bureau report, it endorses clear apprehensions that it is being increased rather than decreased with time.

If we consider the first attribute then Microsoft is not the single supplier even in the OS industry, where it holds a considerable market share. It faces competition from Android OS for tablet computers, Linux, Oracle, Xerox, DEC, Psion, Apple’s OS which is found in most Apple machines, and iOS, Apple’s OS for iPad and iPhones.

Trade deficits over and over again occur when a nation’s economy is growing at a faster rate than the economies of its trading partners (CONKLIN, 1991 p 189). Trade

In 1975, the average UK house price was £58,000. And this price increased substantially till the end of 1990 by reaching £118,000. However, till the end of 2000, this price rise, by and large, remained stable and stagnant. However, after the end of 2000 and till 2009, this price rise experienced a substantial rise when annual house price touched the mark of £218,000.

14. Efficient price when the costs are included on the other hand would be Pe * = -3.36(3.1669) + 40 which is 29.359. Therefore, this price would be charged with an efficient equilibrium quantity of 3.1669 applied. Therefore, t=MEC and is

The easier it is to swap, the more elastic the demand of such a product is (Mankiw 90). Type of want is satisfied by product; if the product satisfies basic needs or necessities such as medical care, basic food stuff and housing, then the price elasticity of such

Moreover, the close relationship between the public, government, and economic sectors and/or agencies has further enhanced the prospects of the Canadian economy. In this respect, the social, economic, and political factors that influence the growth and development of Canadian society work in the best interest of the country’s short-term and long-term economic goals.

A common characteristic in former communist and third world countries is the lack of appropriate access to formal property as well as property rights. In most cases, property is owned, through informal neighborhood associations that are also often illegal.

In some nations, participants in the market carry out planning for health care systems. In others, governments, charities, trade unions, coordinated bodies, and religious institutions concert their efforts to provide health care to target

Data is obtained over a period of time for use in exploration of various economic variables that hinder Lowes performance. Business forecasting as a methodology concentrates on authentic execution with the end goal of utilizing the information picked up to venture future business conditions.

The system faced a significant threat in the early 1960s when most European War hit nations had recovered unexpectedly fast and started growing economically at a significant pace leading to a sudden weakened relative position of the U.S. and gradually the already large U.S. B.O.P deficits became larger and visibly there was a decline in confidence for the Dollar.

The author states that by identifying the strengths and weaknesses of their economic systems, the ability to compare and contrast the two countries, economy-wise, will be learned. The comparisons will be based on the following economic characteristics: Ideologies that affect their business climate, Economic System, Industry Focus, Price System.

The Federal bank responded by instilling large amounts of money into the financial market so as to save the industry. However, in 2008 the stock market globally crashed and became very unpredictable. This has profoundly affected the economy of various countries even the developed nations forcing the government to cope up with coping strategies.

The major reason for this decrease is the low income tax rates on the investment income. Mike: Apparently, this may not be the first platform that is discussing the drop in tax rates of the rich. This scenario is the result of the

Before the 1980s, the US went through a period of continuous economic growth for nearly 40 years and this was the time when the financial industry was non-existent. Following this period, the investment banks started doing business with the public. This activity was carried out under the umbrella of deregulation which was enforced politically. 

The unexpected move by the Federal Reserve Bank to keep the short-term interests is also likely to prove beneficial in the end as it will contribute to positive trends in real GDP. In the course of this year, I also expect the Federal Government to cut costs thereby lowering its spending further (Avakov 43).

Many studies have been prepared with respect to the globalization process in general and pertinent to developing countries. The effects of globalization in many developing and developed nations have been widely considered as research topics in the international political economy and economics.

If the demand curve is inelastic, the change in the amount of product supplied will be smaller compared to the change in the price (Boyes and Melvin, 2012). Diagram A represents a product with an elastic demand curve while diagram B represents a product