Macro & Microeconomics Essays

Evidently, both of these renowned economists advanced different perspectives concerning economic freedom pertaining to markets, monetary policy, and fiscal policy. It is important to note that both economists believed the effect of economic ideas on public policy was enormous.

According to the report the present technology evolution has also been documented as a factor behind the industry’s growth. The increase in development of these industries has different effects on the economy of U.S, an effect that affects the other countries. The following research will cover the impact of the U.S fast food industry on the global economy.

As mentioned in the article, both FOMC and the FED is much concerned about increasing or lessening their respective pace of buying bonds or securities owing to the reason that different fiscal policies are restraining financial growth by a greater level and most vitally weakening the economy at large (Cafariello, “Fed Stimulus Stays Strong”).

Capitalism is defined as an economic system under which services and goods are owned by the private sector, whereas decisions on distribution, investments, and pricing are made based on a free market system. Socialism, on the other hand, is defined as an economic system whereby the government, whichever party is in power, administrates and owns distribution and production.

The results have shown that the unemployment rate in South Carolina has constantly remained between 6-7%. However, after the credit crunch of 2008, the unemployment rate of the state reached around 10- 11%. The same rate continued until the year 2012. According to the analysis, the rate may also increase in the future (BLS, 2013).

The fiscal policies of the government and the monetary policies of the central bank have impacts on interest rates, inflation and unemployment in the economy. How the current economic scenario compares with the situation five years ago? There have been changes in the interest rates, inflation, and unemployment over the period.

 his study of the trend, Schoenberger carried out an interview with Mr. Tuffile, a director at Bentley University in Waltham, Mass. Being a director of the entrepreneurial studies at the university, Mr. Tuffile is well vast in matters pertaining to the management of businesses, both large-scale and small-scale enterprises.

The generic drug industry entails the exploration of markets and selling of medication containing similar active ingredients and dosages as brand name drugs that are manufactured under the umbrella of the pharmaceutical industry. Generic drugs are prescribed to whoever is in need of it. During prescription, chemical name is used rather than looking at the individual specific pharmaceutical name or brand.

They always laid out mechanisms to prevent inflation in cause of skyrocketing prices. However the results of their practices left the same economies with a problem of dealing with too low inflation rate. The current inflation rate in these economies stands below average of the central bankers targets, which was about 2from 2.2% but unfortunately it went up to 1.5% in the year 2012, this was the most drop of inflation experienced in the years since the introduction of a common currency euro.

This essay focuses on the identification of the core differences between microeconomics and macroeconomics. The difference between two fields of economics is primarily related to aggregation. In microeconomics, the decisions of individuals are studied: macroeconomics considers the impact of aggregate decisions of individual agents on the economy

This paper focuses on the concept of financial repression, introduced in the 1970s by McKinnon and Shaw. The existence of the concept is stipulated by unsystematic distortions in financial prices, interest rates with ceiling caps and nominal interest at fixed rates, high reserve ratios, guided credit programmes, and ineffective credit rationing.

This paper presents a research in the field of labour economics. This discipline studies how the employees and employers interact within a labour market, such that employees are the suppliers of labour services whereas the employers create the demand for them. Through salary and wages, employers hire the employees in order to generate income.

The reason the managers of the company think that it is better to give up on the project is because they added up the research and development costs ($8 million) and the retrofit production costs ($4 million) and then they compared it with the present value of sales ($10 million).

The UK’s rules on the choice of law in the case of succession to the property remain in effect as the country has opted not to be included in the EU legislation on succession and wills. A draft of the legislation is being crafted, with the assistance and in consultation with the UK such that areas presenting difficulty could be analyzed and worked out.

The evolutionary programming-based technique is superior in performance not only in developing the diagnosis system but also in identifying the faults in transformers. This is the reason why I have found this technique the most suitable one for the electrical distribution utility to review its maintenance regime for the oil-filled transformers at substations.

There are a lot of advantages for that a firm can exploit from changing market structure. These advantages are beneficial not just for the firm itself, but all the stakeholders have something to benefit from it. However, there are also certain disadvantages that a firm and its stakeholders have to go through once a firm changes its market structure.

There was a need to refurbish the city’s convention center in order to host the event. Instead of raising taxes or even issuing bonds to raise fund that would facilitate the rehabilitation, the officials in San Diego are said to have dipped into the pension funds of the city for the money.

Some of the noted examples of its usage are in Singapore, London, Stockholm, Trondheim, Melbourne, and Santiago. Singapore was the first to introduce a congestion pricing system in 1975. Its introduction had led to a 13% decrease of traffic at peak times, and a 22% increase in traffic speed.

the resource-rich countries do not give importance to education at all. They depend upon the revenues generated by the resources and are attracted towards resource-oriented industries where education is not necessarily required. Now if the resources turn down even for a short period of time they are left with almost nothing to earn their living.

Government expenditures for healthcare cover a large portion of the gross annual income of a country because health is deemed as an essential part of the man power-economy-state cycle intertwined and will affect the over-all stability of the nation. With this virtue is the social responsibility of the state upon the health of its people.

What strikes a stronger and more emotionally deep chord with the audience is how the blame for keeping sweatshops in operation falls completely on the shoulders of the average consumer.

There is a multiplicity of sites, some real, some virtual, where national transactions are governed. The states now share center stage with international entities like the World Bank, International Monetary Fund, and World Trade Organization. Treaties among states create these international organizations.

This can be possible so long as uniformity is introduced in the terms and conditions, in the world, for raising international loans. The existence of various currencies with their varying rates of convertibility inhibits uniformity in the terms and conditions, and apart from acting as a barrier to such integration, it also reaps unfair benefits to developed countries.

Although prices can be controlled by the government it is a complex process and there are a number of factors that need to be considered to understand the changes in the price level. This report is divided into two sections; the first section of the report discusses important terminologies such as Price elasticity of demand, Cross elasticity of demand, Income elasticity of demand.

According to recent surveys, statistics claim that Alberta and its neighbors in the North and South have been having a stagnant economy in recent years. Alberta’s current labor force is ranging at 1.35 million, and the economy added about ten thousand jobs last year. Alberta’s retail trade sector is in crisis as well as the construction industry.

It occurred in the end of 1920s and it lasted for almost twenty years. The depression was very severe especially in the U.S this was well explained by the economic adversities which happened in this time in the U.S.Some of them were that almost 25% of the United States population of that time and almost 40% of the population who were not working in the farms was also laid out of work.

The city of Hong Kong is the most superior administrative region of China. The city is positioned on the south coast of China (Cheng, 270). Hong Kong is connected with the South China Sea and Pearl River Delta. The city is popular around the globe for its enriched natural harbor and expansive skylines. The city is one of the most highly populated areas in the globe.

The up-gradation process will encompass radical changes to the current business processes, alterations in current jobs as well as new positions. The management of the enterprise strongly believed that with the up-gradation or the development of its legacy billing system, the enterprise can attain huge profitability.

The construction industry which employs a lot of people gains when gambling facilities are constructed thereby offering job opportunities and generating income. Tourism is facilitated when people move from one place to another in search of gambling facilities thereby creating jobs directly and indirectly to the community.

This essay highlights major economic issues in China, that impedes the successful transformation of the economy to a market oriented model. The transition continues to feature lack of political liberalization. The present nature of economy is deemed unsustainable as the economic liberalization and unchanged state of politics cannot co-exist.

Opportunity costs take into consideration how many of the firm's resources used in this project could have been used differently and how foregoing an alternative investment or project affects the overall firm's profit margin. The difference between accounting and economic profit lies in the opportunity costs.  

I will be talking about the MP3 player industry. There were at least four characteristics of the MP3 player industry that were shaping the dominant strategy in 2005. First, there were over 100 companies manufacturing MP3 players as of the end of 2005 but only about 7 firms were considered the most important.

Part (b) TC = ?MC = ?(3 + 6Q + 3Q2) = 3Q + 3Q2 + Q3 + c At a production level of Q = 0, the cost of capital remains $3: 3 = 3(0) + 3(0)2 + (0)3 + c c = 3 ? TC = 3 + 3Q + 3Q2 + Q3 Part (c) At Q = 3: TC = 3 + 3(3) + 3(3)2 + (3)3 = $66 Part (d) Tr = p (q) at P = $48 and q = 3: = $144 Part (e) Profit = TR – Tc = 144 – 66 = $78 Part (f) atc = tc / q = (3 + 3Q + 3Q2 + Q3) / Q ATC’ = (3Q2 + 6Q + 3) / 3 – (Q3 + 3Q2 + 3Q + 3) / Q2 ATC’’ = (6Q + 6) / 3 – (6Q + 3) / Q2 + 2 / Q3 (3Q2 + 3Q + Q3 + 3) At ATC’ = 0: Q4 + Q3 – 2Q2 – 3Q – 3 = 0 ?

The proposition that stands is the fact that mistakes must be fundamental to allow the party to set aside the contract and these would be evaluated on the background of each case. The facts at hand do not point to a common mistake. The mistake that is relevant in respect of the facts is one whereby consent is negative because one party is under a mistake.

In developing countries, the business had increased by almost 30% and was fuelled by the high cost of gasoline and other primary goods. The growth in trade quantity is increasing the prospects of global and integrated port services. Many major port operator companies have evolved and engaged in competition with each other.

It was also the first football club to become a publicly listed company. For the twelve months ending July 31, 2003, the club reported a turnover of GB? 173 million (US$ 308M) (Jarvis, 2004) Sports & Games were an activity meant for enjoyment earlier; however, today it is treated or used as a product, commodity or service because of the infinite business potentials it provides to the business people.

Types of inflation Demand-pull inflation This type of inflation occurs when the demand overwhelms supply, it makes the prices of commodities, and or services to rise. The increase in demand with respect to low supply will consequently lead to excess demand.

Naturally, the discussion begins with an overview of the ideas put forward in the aforementioned paper. The typical textbook solution to capital budgeting is through computing the Net Present Value (NPV) of a project by using the cost of capital as the discount rate to identify the projects that lead to maximization of the value of the firm.

This brought new ideas that created disillusionment to American people. The production of war pulled America out of a tremendously large depression; the women were left to replace the people who had gone to participate in the war. This changed the roles of women who had to stop staying at homes and go to work in order to sustain the American country.

If Fed sells government securities to an agent, then it means that the available government securities reduce hence a reduction in credit creation (Langdana 100). With the reduction in credit creation, interest rates will increase as the government tries to discourage people from borrowing securities.

First, states are required to develop measurable objectives statewide for the improvement of achievements by every student and for particular groups like those with limited proficiency in English, the economically underprivileged, and those suffering from disabilities. The AYP must also have its basis on assessments by the state, as well as one additional indicator of academic performance.

Inflation is the situation in which, the price of assets in the economy goes up over time. In the United Kingdom, the central bank anticipates the price of assets to continue growing at an average of two percent each year (Quantitative Easing Explained Pamphlet, p.7). This means that after every fifty years the central bank of England anticipates the value of the economic assets to double.

15 Appendix 2: U.S. Profits, Federal Income Taxes & Tax Breaks for Ten Major American Companies (Citizen for Tax Justice, 2002). 16 Appendix 3: Relation between Income Tax changes for the top 5% and Job Creation (Tyson and Zidar, 2012) 18 1. Introduction United States (US) every year provides $125 billion in corporate welfare to big profitable corporate entities through subsidies, tax breaks and other aids (Sanders, 2013).

Economists’ way of approaching this problem would be trying to establish costs brought about by alcoholism. The second approach would be trying to understand all costs involved into alcohol consumption. This is because alcoholism costs cannot be measured directly since a dollar cannot be easily placed on any loss of production.

To me, boarding school was like a confinement which could not allow me to do most of what I found interesting. But having talked the issue out with my father, I joined a boarding school and focused on excelling academically, which was the reason that got my father send me to a boarding school.

The article by title “India cuts interest rates for the third time this year” has been published online on BBC News on 3rd May 2013. The report says that the Reserve Bank of India (RBI) has reduced interest rates in the country from 7.50 percent to 7.25 percent with the aim of introducing fresh waves of economic growth in the economy in the face of sluggish economic growth.

For instance, the journal updates the readers on the current economic matters and trending business, politics and its drama among others. This article provides a thoughtful discussion on the trending economic issues like inflation and house prices, entrepreneurship ups and downs, and unemployment.

In fact, as a consequence of the myriad controversies that surround the issue of minimum wages, many a state has established laws that set legal minimum wages for different groups of workers (Neumark & Adams 5). For example, in the U.S., the Fair Labor Act deals with minimum wage.

The looming debt is brought by increasing inflation, roaring house rates as well as renewed capital inflows. Unless China takes a calculated move towards her debt control, it may worsen her situation in the future because of the probable unfriendly consequences that may accompany their wrong decision. 

The United States has had to trade deficit with the South Korea, with the exemption of the 1995-1997 era. The US deficit increased from $6.3 billion to $19.8 billion in 2004, a record high. In the past two years, the United States trade discrepancy with South Korea has began to improve, decreasing to $16.1 billion during 2005 plus $13.4 during 2006.