Macro & Microeconomics Essays

The company was established in 1984 with its headquarters in Texas (Nihat, 2006). Dell Inc Company is now a holding firm with subsidiaries in various parts of the world (Nihat, 2006). The company provides a wide rage of products and services for its customers all over the world (Friedlob & Plewa, 2006).

Economics, the knowledge of generation, use, and transfer of wealth, is an essential element to every society. This is major because the availability of resources is essential to meeting different needs, both social and entrepreneurial. While microeconomic concepts affect individuals or small groups of people and can be controlled at such levels.

This paper presents different opinions of the member states of the European Union and their views on the growth prospect and risks involved in the European Banking Union Project. The European sovereign debt crisis was propelled by the rising debt levels around the world. In 2012 the formation of the Union was seen as a remedy for that crisis.

In the next year a couple of lawyers bought all the firms and started operating as monopoly with the name “Wonks”. The price of the good is determined by the interaction between supply and demand. However the supply and demand is determined by the available technology and the market conditions.

The US had a Republican form of administration from 1981 to 1989. The administration was under the 40th president of the US named Ronald Reagan. This essay tries to focus on the level of poverty and income distribution in the Reagan years in the US. The pattern of governance under Reagan in the U.S. was in favor of reducing state-owned programs.

It is shown in the essay, that the various ideas of explaining the development have different areas of emphasis because the theorists who advocate for them feel strongly that their ideas ensures economic growth. These ideas offer different explanations to development and current or future trends of growth for a country.

The author highlights that the company’s shares dropped by almost 5.5 percent to trade at $ 467.7 after the launch of the new phone model. The price of the new phone was the major concern with analysis explaining that it is too expensive such that the price surpasses monthly income in some of the major economies such as China.

For him, the real estate investors, the oil companies, and many companies were busy exploiting the rest of the society and there was need to protect the society against this. For many, the industrial revolution would eventually be strong enough to ensure that the benefits were actually well distributed in the society.

Elastic range (e > 1): In the first part of the demand curve elasticity of demand is greater than one which means that it is an elastic range. Moving downwards from point D on the demand curve to midpoint C, the absolute value of the elasticity of demand, though declining remains greater than one which causes total revenue to increase.

Education was once a basic necessity provided by the government to its people making it a public good. It is also given a large portion of the national budget comes to budget allocation. But why in our ever-changing world, the government has to withdraw its support for higher education and tuition fees in universities have to be increased?

It is very essential to compare the welfare system of these three countries in order to understand their respective strengths and weaknesses.These three countries have their good and bad aspects in the way their provide public assistance to the welfare of their societies

As time goes by, corruption in its composite states has evolved into various forms. As a consequence, there have been many citizens in Central and Eastern Europe who became “rich overnight while a large part of” its “population fell into deep poverty.”

This expanded horizon in women’s identity is noted through a number of evidences observed by Goldin: In the National Longitudinal Survey conducted amongst 14-24 year olds in 1968, it was observed that more and more young women aspired to be a part of paid labor force.

The international system regarding employee welfare and employee relations lacks coercive power and is not able to effectively regulate the conditions offered to employees in various countries. International laws are difficult to implement as each country has its own policy and its own concerns regarding employee welfare.

Different analysts have presented different theories in this regard. Different theories and approaches have been presented in order to understand the operations and strategies of organizations in different situations and conditions. Firms operating in different regions and economies have to take into account the respective culture, history.

779-804. Published by The Johns Hopkins University Press This article, which is written by Claudia Sadowski-Smith, deeply studies the issue of illegal immigration to the United States, focusing on the kind of unskilled labor that is spread in the US as a result of this negative phenomenon.

Why Economies Grow? Economy of a country refers to a system or network of manufacture & consumption of resources by its labor. The exchange of goods between supplier & consumer & the services provided to the people make basic infrastructure of a country’s economy.

The monetary union debate shows that the underlying causes of the crisis are deepened in the way agents made decisions about it and that the crisis is as much political as they are economical and that to ‘fix the Euro’ would only be possible with better integration and common accord among member countries.

Per Capita income is the measure of living standards .It is calculated by taking the Gross Domestic Product (GDP) which is the total income and dividing it by the population. The standard deviation of GDP per capita is referred to as natural log. The United States of America has continued to maintain high per Capita income despite its huge population.1960 acts the base year in calculation of the per capita income.

In this case, West African nations are subjected to inequality and considered generally weak due to their marginalization from globalization. Despite the numerous benefits of globalization, ECOWAS, acting as a trade block, has ensured that it protects its member states from the challenges of globalization.

For the most part between residents and non-residents, it consists of those involving goods, services, and income, those involving financial claims on, and liabilities to, the rest of the world; and those (such as gifts) classified as transfers that involve offsetting entries to balance – in an accounting sense – one-sided transaction.

It is worth noting that unemployment figures do not capture the numbers of people who display passivity in search of an employment (Baumol and Blinder, 2011). The rate of unemployment is increasing in United Kingdom. The Office of National Statistics released figures unemployment rate in March 14, 2012.

Ensuring the good health condition of the citizens who are consumers is a common role of businesses and governments. This calls for various economic and legal measures that promote the health of consumers. It, therefore, is an economic issue that also involves the intervention of policies and laws of the government.

Recent research on the changing nature of country risk due to globalization and the inherent rise in the interconnectivity of national economies (Cleary & Malleret, 2007; Baytas & Leveen, 2009; Sheppard, 2002; GAO, 2010) has called attention to the requirement for reliable country risk ratings to guide investment as these ratings are utilized by financial analysts as a tool to indicate the likelihood of payment defaults by sovereign borrowers (Hoti, McAleer & Shareef, 2007).

It defines how we live, how we interact, how we function. Our standard of living, our well-being, satisfaction from our lives, all these can be affected by the sort of economy we have. My father is a business man; hence, I grew up in a household where business matters were something normal to talk about.

The analysis of the overall situation is built through Economic Theory and Ethical Philosophy which are the two basic measures foranalyzing criminal activities.This is because most of the crimes are the consequences of poor consumption which is the key factor of economic theory and ethical philosophy.

Supply is the amount of a good that is available at any given time at a given price. In the market for coffee the price and quantity of goods demanded is determined by the market forces of demand and supply. Question #1 a) When a scientific study shows that drinking unfiltered coffee increases your level of cholesterol.

It is pointless to say that recession has been responsible for the decline in the economy (black enterprise, pp 107). Although, there is high possibility that a perfect hit of demographic and economic factors- from escalating prices of gas, to stagnant wages, to re-urbanization, to technological changes leading to changes in consumption has basically changed Millennials’ game.

All industries or organizations in the world are influenced by factors such as environmental, legal, technical, social, economic, and/or political factors. One must necessarily consider the impacts that factors such as emerging markets, globalization, competitive environment, and labor issues impact on the viability and health of an industry.

According to Mankiw and Taylor, National; Income is the total goods and services supplied thus, implies the total actual wages paid to labor (MPL x L) and the overall real benefits to the owners of capital (MPK x K). The economic profit is attained from the difference in national income and the addition of MPL x L to MPK x K.

In addition, the components of these factors are elaborated and illustrated how they influence economy. Circular flow of income is also analyzed to provide the components, importance to the economy and a diagram of the flow is also given. Factors of production Definition: Factors of production refers to the resources that are needed for the creation of goods and services.

The issue of commercial property has been in the economic circles for a long time. With the growing global population, business expansions, and need for higher living standards in the world, the demand for commercial properties has been rising at a significant rate. Commercial properties form and rely on macro and microeconomics.

This essay mainly focuses on the specification of numerous economic advantages, that participation in a free trade area brings to economic development of a country. In a free trade area, member countries abolish all impediments of trade between themselves, but each country maintains its own sets of restrictions on trade with non-member countries

This is why competition laws are instituted. Competition laws are about applying the law to ensure that there is an healthy competition between companies without interference with each other’s rights (Whish, & Bailey, 2012).

_r=0 The article presented relevant information pertaining to the exorbitant costs of drugs in the United States, particularly medications for asthma. It was disclosed that asthma is considered one of the most prevalently common chronic illnesses that could apparently be controlled effectively through drugs.

Boeing Company was founded in 1916 by William E. Boeing in Seattle, Washington, United States of America; the company is currently headquartered in Chicago, Illinois. The company came into being as a result of five men, William Boeing who began building float planes near Seattle, Wills Douglas who was building bombers and passenger’s transports in Santa Monica, James Smith who was building jet fighters in St.

Many changes have occurred over the past many decades in the railway industry, most of which is evident on the technology used in railway transport (Tobin 2012). Technological advancements have ensured that services are improved through better facilities. To ensure efficiency, the government privatised railways services. 

Health care in the United States is majorly operated by the private sector. Although several distinct organizations have a stake in United States health care, statistics indicate that 62 percent of the hospitals are under non-profit organizations while 20 percent are operated by the government. The rest of the hospitals are operated by profit-making organizations.

They can be either convention, which are considered as legally binding international treaties that may be ratified by the member states. On the other hand, they can be recommendations which act as non-binding guidelines (Alston, 2004). In general, the convention outline the basic principles that need to be implemented by ratifying nations, whilst a related recommendation supplements on the convention by offering a more comprehensive guideline on in the way it could be applied.

This essay focuses on the theoretic description of the types of unemployment in macroeconomics, while identifying main causes of each of these types. The main types identified are cyclic, voluntary, seasonal, frictional and structural unemployment. There are measures that must be put in place in order to solve each of the type.

The comparison analyzes the economic growth of the two nations. The economy growth is influenced by economic activities that generate income to a particular nation. Indonesia is known as the largest economy in Asia (Southern East). For the period of three years, (2010-2012) the country has had a steady economic growth rate.

Nevertheless, the inconsistencies in trade policies also appear to work against the economy since it has increased the inflation rate every now and then. Therefore, it would be highly recommended for the Brazilian government to find a working trade policy that can spur economic growth while maintaining inflation rates as low as possible. Brazil is one of the South American economic giants.

The dynamics of care work have changed from the care work practices provided in the Victorian period. Economic conditions during the Victorian era were quite harsh. Middle-class men worked like machine to earn livelihood and their desire to return home after hard labor was fructified by the comforting home environment provided with the home care efforts and artful handling of the home sphere by the ladies working whole day providing needed care to all members of the family.

The author states that like any other competitive market, product pricing in the UK is determined by factors of demand and supply, cost of production and value of the product to the customer, competition, among others. However, there are some specific factors that are unique to product pricing in the UK market industry.

The House of Lords that we know today traces its origins back to the 11th century. Anglo-Saxon Kings regularly consult with Witans or Witenagemots, which is composed of religious leaders, the King’s ministers, feudal landowners, and magnates. By the 13th century, the composition of the King’s council was expanded to include representatives from the different counties, cities, and boroughs of the Kingdom.

Here, a geographic mobility occurs since a laborer’s move from one economy to another implies a change of the physical location of his or her work (Radcliffe, 2009; Ehrenberg and Smith, 2003). Labor is one of the major factors of productions and its movement would affect both the country of its origin and its country of destination.

We are now living in a borderless world. What used to be thousands of miles or oceans and continents away is now a few mice clicks away. We are now in an era of globalization, where the social, political, economic, cultural, and even environmental interactions are no longer confined to independent nation-states.

The purpose of this assignment is to analyze macroeconomics basic concepts. This assignment is a review of an existing article titled EXCHANGE RATE REGIME TRANSITION DYNAMICS IN SOUTHEAST ASIA by Monzur Hossain. This paper has investigated the currency regime choices of six Southeast Asian Countries.

The degree of capital formation reveals the extent to which there can be investments in the public as well as the private sectors (Gross Fixed Capital Formation, n.d). In the above figure, it is very clear that Germany’s GFCF in the 1990s was anemic in nature. It can be seen that it deteriorated in 2002 after the adoption of the euro.

Demand refers to the quantity of a commodity that an individual desires to have and the supply is the ability of the producer to be able to provide that particular quantity and commodity to the individual who requires it.The economic problem of scarcity refers to the problem of choice that most people have because their purchasing power is limited, or the ability to purchase products is limited despite them having a high demand for the commodities they wish to purchase, however at the same time, they have scarce options to choose from in order to make the best choices with their given purchasing power or wealth bundles.