Macro & Microeconomics Essays

This is a qualitative paper drawing its conclusions mainly from quantitative analysis done by institutions such as the Bank of Thailand and the Asian Development Bank. The research strategy is mainly deductive in nature. The findings from this paper suggest that Thailand has experienced a steady surge in GDP over the years.

Economic mechanisms explain laws in terms of distribution of resources to bring the concept of equilibrium. The laws in one country cannot be the same as the other country; it is economics that usually try to bring the universal aspect of law. The international economic activities try to encompass every one in the world bringing international laws on which people can conduct their business activities.

With the quantity competition, the leader has already set the Cournot Nash. Thus, it is rather hard for any industry to influence the quantity produced in order to make profits. All industries take the quantity asset; this has a serious impact on the market prices as industries will view it as necessary to make changes so as to recover profits. Prices are decided on the market’s tolerance.

Columbia first began to introduce an import-substitution industrialisation process in the 1930s and this lasted until the 1950s when an over-reliance on coffee exports caused the government to pursue a more mixed strategy, which included more emphasis on production for export.

A successful company should have a good enough image for its customers to be returning and loyal. That is the task of public relations. Secondly, a company should make end-users aware of the existence and benefits of its goods or services, as well as the company itself. That is the task of advertising. 

State Hooke’s Law. Hooke’s law states that the extension of a spring is directly proportional to the load applied to it. This is true as long as the material of the spring remains loaded within elastic limits. If the same specimen is heated to 35oC and tested, what are the possible variations that could occur?

Social Security is a comprehensive federal program that provides workers and their dependents with, among other incomes, retirement income and disability income. Social Security on a national level was conspicuous by its absence in the United States until President Franklin Delano Roosevelt signed the Social Security Act in 1935.

For most people, for whom driving is a necessary part in their daily lives, even an increase in the price of petrol or diesel would not stop them from driving. In the case of cabbages, as there are many alternatives available, it is not a necessity for people, an increase in its price would result in an increased fall in the quantity demanded.

RBA reduced mortgage-related interest rates by up to 0.25% in two consecutive months. The Central Bank had undertaken a cash rate cut in the economy. The central Bank started undertaking this action back in the first quarter of the year 2009. These actions saved the average mortgage holders a significant cost of mortgage access spread over the standard mortgage period of 25 years.

One of these societal problems that has gotten even worse the past few decades is hunger and malnourishment, especially for children. There are many causes that contribute to this problem, but none of them can easily be solved. Some are based in the geography of Nigeria while others stem from political and social ills such as corruption and abuse of office.

Globalisation is not a new word, as people would deem it to be. It started long before the world war when then there exist free markets with countries having reduced tariffs on imports, exports, as well as immigration and other limits to do with what determined the flow of information within countries and people alike.

Multinational enterprises (MNEs) are corporate enterprises that produce goods or deliver services in more than one country. These are perceived to entail business enterprises that run their operations in several different countries (Ozoigbo & Chukuezi, 2011, p.380). Generally, these enterprises are headquartered in their parent or home countries, but they operate in several other countries.

The family has been a major actor or element in the global food industry. It has investments in this industry that are spanning across the world. The family has companies in its portfolio, whose products are consumed by the British Royal family. Loblaw which is one of the flagship companies of this family is currently in a very dire situation.

The global economic crisis that began in 2007 duet to credit crunch issue led to a liquidity crisis across the globe. This forced the US monetary bank to inject financial capital into the economic markets, but the crisis worsened in 2008.

Introduction Economic deals with study of human nature hence most theories in economic are based on the nature of humans. Adam Smith and Karl Marx are considered as the greatest economists of their time, in fact Smith is regarded as the father of modern economics (Skousen, 3).

The model reviews clusters of industry players, particularly a group of small industries, where the competitiveness of one of the corporations is influenced by that of other companies and the factors that are related to its value-added chain – within the regional and local market or when reference is made to customer-client relationships (Rugman and D'Cruz, 1993).

The countries seek to reform their financial position by encouraging the potential opportunity for their different industrial sectors. It is in this context that mergers, diversification, and rapid expansion at the industrial level are often argued as the symbolic representation of capitalism as a measure for economic development (Pacione, 1985).

Ford is a leading automobile company in the domestic and international market that provides the customers with quality cars, utilities, and trucks designed to meet the needs and wants of the customers. Despite the financial and economic crisis, the company was able to recover significantly and strongly in comparison to the archrivals in the automobile industry.

Market externalities can be a very costly to the society and lead to economic imbalance. An externality is a benefit or a cost that is derived as a direct side effect of the production or consumption of a product and which is incurred or benefited by another person other than the actual producer or consumer.

Mexico is in agreement to initiation of various WTO work programs in studying the existing relationship between competition and trade that includes in an analysis its terms of reference of addressing the anti-dumping measures through competition policies that ensure due access to various markets based on stability.

Many legal activities that exist in a society have consequential causes to the people living in the society depending on legal institutions’ decision regarding them. These activities may lie in fields that deal with property, contract, torts, crimes or justice cases.

Inflation describes the concept where the prices of commodities rise due to the input of more money into the economy than there are goods or a decline of production without the decline in the amount of currency in the economy. This paper seeks to evaluate the relationship between the budget deficit and inflation.

The UK government's response to the financial crisis that started in 2008 absolutely undermined credibility and transparency in the country. UK government intervention included injection of considerable financial capital into the private sector in exchange for maintaining a long-run equity stake in the organisations where capital was infused (Simpson 2009).

This essay focuses on the economic analysis of the global oil market condition with the help of basic economic concepts, such as supply and demand. Like any good in the market, oil demand and supply are affected by several factors in the market. Any change in its demand and supply will affect its price and it will impact the state of economy.

USEC is pursuing the American Centrifuge Project (ACP) because it will give it a technological and cost leadership over its competitors. The cost efficiencies realized from ACP will make it the lowest cost producer in the uranium enrichment industry. The technology used in the centrifuge project will cut down the electricity consumption.

Furthermore,the cost-benefit analysis will be investigated to determine what does it tell us about the economic efficiency of situational crime reduction.The reduction of crime in the national level is ‘driven by policies which emphasise partnership working between police, criminal justice authorities, local authority teams and other agencies

The essay mainly focuses on identifying laws of cyclical fluctuations of business activity on macroeconomic level of a state, with the help of theoretic analysis of the views of renowned economists on the subject. It also chronologically reviews two most severe recent economic crises in America in the forms of Great Depression and Great Recession.

The main mission of public health is to promote the health of the society by identifying risk factors for diseases, injury, disability and death by implementing policies that minimize the exposure of people, to the risk factors. Protection of human health requires economic analysis.

The unemployed would also be allowed to collect benefits for a period of 99 weeks while unemployment insurance money would be channeled to retraining programs as well as subsidies to hire the unemployed. Furthermore aid packages would also be figured out that would keep teachers, police officers and firefighters employed while rehabilitating schools and building infrastructure at the same time.

The sovereign Crisis began because of the dysfunction of the monetary union of the states within the Eurozone in addition to the politicizing of the economic control in Europe. The Impact of the European Sovereign Debt Crisis includes the reduction of the bond yield in the United Kingdom.

Student’s Name Professor’s Name Macro & Micro economics December 10, 2011 Microeconomic Principles 1) In this speech I am going to talk about the virtues of private property / free market price systems. There are two types of economies, the command economy and the decentralized economy or free market.

The financial crisis in 2008 got them not prepared because the economy in previous years preceding the financial crisis was strong. As a result, the financial crisis that occurred was much of a surprise to the policymakers as they had to find ways to intervene in the economy. It is essential to understand the effects of monetary and fiscal policies.

Macroeconomics and microeconomics are the two most general areas of economics. Macroeconomists study combined indicators such as Gross Domestic Products (GDP), unemployment rates as well as price indices in order to understand how the whole economy works.

Mexico is an open market economy and ranks in the trillion dollar class. It contains a mixture of modern industries and agriculture, and the economy is highly dominated by the private sector. The income per head (Per Capita) is roughly a third that of the U.S.A but income is not equally distributed (CIA 1).

China has been one of the fast developing economies globally for the last 25 years and resulting in an amazing upsurge in per capita revenue and a drop in the poverty level from 64% at the start of reform to 10% in 2004. Simultaneously, various kinds of inequalities such as income disparity have increased, because of the rural-urban income gap.

Generally, England has experienced a double dip depression since the start of the year 2011. The metamorphosis caused unanticipated consequences on the economy. There has been a difference of opinion among the leading economists of the UK that whether the double dip depression has ceased to exist or not.

According to the paper higher education plays a major role in social, human and economic development. The role of institutions providing higher education is not only important but also complex. The higher education institutions show a number of different abilities and scope and can have impact on the processes of development through research, teaching and service.

The jet fuel is one of the largest and volatile expenses that the airline incurs. For instance, in 2013 the fuel rose to 26% per gallon from the end of July 2013. Every increase in the price per gallon costs the airline $180 m per annum. Therefore, after two years of recording profit, the United States airline industry lost $4.3 B in the first quarter from the currently available financial statistics (Lehman, 67).

Since tomatoes have been destroyed, the supply of tomatoes has dropped significantly. The situation is even made worse by the fact that there was delayed planting. Because of reduction in supply, the supply curve will shift from S1 to S0 and the demand curve will remain unchanged.

In a way, the government has to adjust its level of spending to influence the economy. This fiscal instrument is used by the government each year to manage its economy for the benefit of the citizens. The tax implications on the nation’s budget have different inferences to different groups of people within society.

This is in terms of how the economy was in 2009 and the most likely monetary or fiscal policies that would have been applied to solve the situation. In 2009, a leading forecaster anticipated that the economy of Australia would dip in performance. There was very slow growth in the closely related economy of China.

The author of the essay comments on the concepts of micro economics and macro economics. To be precise, the author provides the idea of Samuelson, who states that economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

This report is based on a research project commissioned to advise the minister for finance on economic policies. Using regression analysis techniques, the paper identified more significant effects from secondary enrolment to the advice that the available finances be channeled to secondary school education.

Equilibrium is a point where there is no tendency to change or where demand equals supply. However, in a two-sector economy where two different goods can be produced or there can be output from two different sectors, usually, a Production Possibility Frontier is used to define the equilibrium in that economy.

Both, reckless fiscal and monetary policies have proven themselves to be equally valuable in case of the current financial crisis. GDP growth rates have been positive. According to the Bureau of Economic Analysis (BEA), the rate of growth of real GDP stood at 2.2 percent in the first quarter of 2012.

Unemployment is the inability of willing workers to secure gainful employment. It can be expressed as a percentage of the total available workforce. The degree of unemployment in a given country is an indicator of an economic problem. Unemployment levels vary from country to country depending on the economic conditions.

The improvement in technology helps to reallocate labor and capital, which in turn will help to improve production. Moreover, the theory also contends that in order to achieve equilibrium, the ingredients of labor, capital and technology needs to be put to optimum utility, in an efficient manner.

Since its inception in 1994, the agreement has been appreciated for the benefits U.S. economy reaped through it and criticized for the negative impacts it might have had on U.S. economy. This paper discusses some of the negative and positive impacts of NAFTA on U.S.

World’s supply of sugar takes place from both sugar beet and sugarcane. It is known that the consumption of global sugar shows an increase of two percent every year. Higher margins are generated by the large sugar exporters through domestic sales. 

I will address the issues of operations management, using the transformation model to demonstrate decision points in the organization’s change. I will address the four dimensions of operations to organizational revitalization: volume, variety, variation, and visibility. I will discuss specific issues facing Concept Design Services.