Macro & Microeconomics Essays

The author states that the extensive adoption of export-led growth has enabled many economies to achieve and sustain rapid economic growth. This model has also enabled many economies to sustain rapid growth. The emerging economies have tremendously relied on manufactured export-oriented growth models.

Defendants may be jailed too for up to seven years under the new initiative which seeks to reduce the stigma of women giving birth to baby girls. The law will also see medical professionals who perform ultrasound tests to determine a baby's gender jailed or fined.

The macroeconomic conditions existing globally play an influential role in setting the international demand for liquid fuel. In this era of globalization, the International Energy Agency has put forth that high prices of oil, in general, create a considerably adverse effect on the economic growth of the global economy.

The rising costs are an outcome of the general level of inflation in the countries of Europe. Many big companies, particularly those, that are conducting operations across several countries in the world are now carrying out research aimed at weighing the probable influence of the theatrical increase in prices of crude oil on their businesses. 

UNEMPLOYMENT IN FRANCE by Author’s Name Name of the Class Name of the Professor Name of the School City, State 24 June, 2013 1.0 Introduction The economic situation of unemployment in France has been a choking issue to the growth and development of the nation’s economy.

Macro & Micro economics. The Economic Behaviour of a Firm in a Monopoly Market Structure. Market structures are of various types in the modern economic system. If the analysis is based on the producers market, then monopoly market structure is an exclusive example of a market structure without competition.

Use of smartphones at the workplace has been criticized primarily because it seems to eat on the employer’s time. However, on the other hand, use of smart phones has increasingly enabled employees to interact with the outside world more conveniently and at a larger scale.

The U.S. debt ceiling is a lawful method of restricting the amount of national debt, which can be issued by the American Treasury (Levit et al., 2013). It is also known as the debt limit (Abotalaf, 2011). The debt limit is an aggregate amount that is relevant to gross debt, which incorporates debt in the hand of intra-government, as well as public accounts.

Yet, unlike most economics books, it does not contain graphs or vague explanations of inflation, taxes and the market. It does, however, provide good background on how economics work in daily life. Perhaps, what makes Freakonomics so successful is not that it provided answers, but rather, because it asked the right questions.

The contemporary world is now, more globalized than before. The transformation lasts to see this as a unique opportunity for adaption and cooperation for nations and an increasing cultural interaction from all sides. With proper use and guidance, the world is set to transform into a more globalized place.

However, emerging countries, which were considered vulnerable are exhibiting a remarkable resiliency, and growth seems to point to the pre-2008 breakout levels. In essence, the performance exhibited by the emerging countries is viewed as a significant engine of expansion in regard to the present global economy (Lachman 64).

However, the country has done major reforms to the economy which has included restructuring in some places and introduction of structural reforms. The banks have also been at the forefront in deciding the fate of the nation especially the reserve bank of Australia.

Based on the evidence of employees, who are engaged in telecommuting, this way of work is beneficial for them for sure. Moreover, employers and employees want to search for beneficial options for telecommuting in the sphere of communication. Unfortunately, modern businesses very often are afraid of this innovation and discard its popularity.

Marginal cost is the additional cost that results from increasing output by one unit. This means the additional cost per additional unit of output (BBC Economy tracker, 2010). This is the difference between total costs per additional unit of output. The marginal cost is abbreviated using (D). 

The tourism industry helps in boosting the economy and creation of job opportunities for the youth. Tourism activities are carried out on the northern coast of the island, which includes communities like Ocho Rios, Montego Bay, and Port Antonio. Other places with tourism activities include western tip islands.

This implies that a supervisor is competent by training/experience, to handle the work of a subordinate or a group working under him. Supervisors are used in all situations where a group of people and their work needs to be controlled. Supervisors can be found in all functions of an organization like design, manufacturing, and administration.

This critical review has been compiled by first understanding the very point of the literature review on sexual harassment by Yanjun Lin and Sang Koh. Furthermore, more detailed ideas and concepts about the said topic are elaborately obtained from various studies through the use of academic journals. There is no question about it.

Komatsu strived to establish their own core competency instead of imitating Caterpillar’s strategies. Gjerde, Knivsfla, and Saettem (2009) provided the information that Komatsu occupies the place as the second largest company in the world in the field of construction and mining equipment after Caterpillar.

Complex quality management, quality assurance, and quality control systems enhance the organization and efficiency of network rail operations and functions. The continuity of quality management and control in railway operations is justified by the need to guarantee the cost-efficiency and safety of all railway activities.

Taylor & Field described socialization as a process where people learn different behaviors expected in social situations as well as the sick role. This alternative explanation of the socialization process suggests that healthcare professionals reaction to one's illness or disability corresponds to the social identity given by the health expert.

Hospitality has been a fundamental requirement in the world since the time of our ancestors because there has always been a necessity to take care of travelers. Currently, the hospitality industry is one of the fastest growing organizations since travelling is a requirement in the contemporary world.

Congress has taken some important steps, including extending unemployment insurance, allocating funds to prevent teacher layoffs, and passing the HIRE tax credit to encourage firms to hire unemployed workers. However, it has enacted substantially less than what the Administration proposed.

The paper first states the economic position of the Canadians and then discuses the various explanations offered by economic theory for differences in income.   Canadian Economy and Income Inequality: Income inequality implies the extent to which income is distributed unevenly in a country.

The trade balance for the U.S. is less than that of Canada over the years. Canada is the tenth largest economy as measured in US dollars. This is a result of the importance of its primary sector with more revenue from the logging and oil industries. The manufacturing industry as well as the automobile industry contributes much of Canada’s GDP.

Globalization refers to the combination of economic and societal collaboration via cross-country flows of information, ideas, technologies, goods, services, capital, finance, and people. The numerous dimensions of cross-border coordination can occur in terms of varied factors such as cultural, political, social and economic (GRIN, 2005).

Like his two friends, he certainly deserves to be congratulated given his contribution toward the marginal revolution. Unlike his two friends, Menger was different in his analysis of the concepts price value and utility aspects which Jevons and Walras did not elucidate with such an orientation that Jevons did.

On the basis of modern researches and studies, environmental, social, political and economic implications are considered further on. Key words: globalization, development at different levels, international arena, global players, implications of global growth.

Foreign direct investment (FDI) is a crucial investment activity that pools together inter-country relations due to the need to exploit business aspects and opportunities that emerge in different economies around the world from time to time. Social, economic and political factors are essential determinants of the level of FDI that individuals, firms, and countries at large engage in.

An austerity measure can be defined as the official action taken by the government that aims to reduce the amount of government expenditure or the amount that is spent by the people (Jackson, 2011. p.3). The reciprocal circulation of income between the producers as well as the consumers are referred to as the circular flow of income. 

The fluctuations in terms of price of different commodities also have a significant effect on the purchasing power of the individuals. It is in this context that income effect fundamentally refers to the response of the individuals in relations with their purchasing powers (Miller, 2012).

 The Occupy Wall Street Movement that occurred in 2011 in the United States of America raised several questions about the ways in which the world is organized today. The manner in which the economies of the world function is unacceptable to many.

Both India and china are front runners in the global economy. In turn, the differences between the two systems need in-depth analysis. Both of the countries emanate from ancient civilizations whereby various economic, political and social factors affect the same.

Real GDP is the measure of a country’s economic health and performance, however, there are a number of components that comprise the GDP: these are productivity, expenditure, investment, and nominal variables. This study demonstrated that labor productivity and private consumption expenditure variables coincident with GDP are robustly procyclical.

Between the period of 1990 and 2000, the U.S. economy underwent through a subsequent recovery with unemployment level falling to around 4 percent from over 7 percent. Business cycles are greatly affected by money supply; it determines the upward or downward aggregate output production.

Macroeconomics comprises of taxation, economic shifts, monetary and fiscal policies, interest rates, and the stimulants of success in a given country compared to others. On the other hand, microeconomics entails of consumer behaviors, production, market equilibrium, factors affecting the markets, and government practices that affect the markets.

Introduction The last two decades has witnessed the dominance of supermarkets in the retail sector of the United Kingdom. The key essence or reason for this dominance of the supermarkets is that they have been able to provide an assortment of products as well as services at an affordable price and invariably from a single retail store destination.

Building sports stadiums is a very expensive activity. The government finances the construction using a stadium subsidy, which is a form of a government subsidy issued to professional types of sports franchises. These stadium subsidies are either in terms of cash payments, improvements of infrastructure, subsidies of operating cost, and tax statements.

Despite the tax cut being beneficial to large institutions especially corporations, there has been divided attention between the democrats and the republican on its impact on the American economy. Since the Bush-era tax cuts were expected to be terminated by the year 2010, it was extended alongside other laws on tax by the Obama administration through the passage of the 2010 tax relief act.

Microeconomics is therefore the study of how firms, individual, and households allocate the resources at their disposal to satisfy their limitless and recurrent need. Since resources are limited, it is important for the consumers to rank their demands and wants in the order of preferences.

The success of any marketing effort and competitive strategies lies in the post-purchase experience as delivered through the product or service offerings and as perceived by consumers. This paper describes the theoretical underpinning of consumer’s perception about goods and examines how consumers of Apple perceive about the company as well as the products they choose.

There was a great economic downfall. The infrastructure was greatly demolished and their starving in the country since the agricultural sector could not support the country. German’s main problem was due to the stagnation in its economy. German was affected by communism. The communist-controlled everything in the country.

Table of Contents Abstract 2 World Price of Copper 4 Reference List 9 The World Price of Copper The development of copper metallurgy has been one of the most significant breakthroughs in the history of human life (Joseph and Kundig, 2001, p. 1). It has been viewed by early settlers as of equal importance with the discovery of fire and has contributed greatly to the historical, cultural, and economic development of early civilizations.

Homogenization of tastes may imply a loss of threat to national identity but scholars argue that people being more and more knowledgeable about each other is a dimension of globalization (Hammond and Grosse, 2003). Globalization is the process of moving towards a single-world society which has led to an increase in the economic activity in the world.

The act lays down the roles of this bank a puts it that this is not a profit acquisition bank. The bank introduction has seen many improvements in the economy of Australia. It has also been seen that the market and business of the country get to have a sense of decency and accountability. Its major role is to regulate the money or the Australian currency.

Economic growth was pegged on private sector's response to consumer demands. A country's economy is influenced by different factors ranging from policies to current financial conditions in the market (Bureau of International Information Program para 3). The government affects the economy through its policies it, that either attracts or discourage investors at both local and international fronts.

According to the essay, there are number of issues, that pose the competitive threat for the EU from on the part of China. They include rising trade deficit between EU and China, low labour cost advantage of China, effect of dumping, intellectual property rights violation, protectionism and value chain upgradation by China.

The UK, the third largest economy in Europe (Simeon, 2012, p.203) continues to struggle to come out from the economic slowdown, with the prospects for swift growth hampered by the ongoing European sovereign debt crisis, and significant structural reforms are still desirable (the United Kingdom, 2013).

Focus would be on demand, supply and market equilibrium, aggregate supply, the financial panic of 2008, gross domestic product, economic growth and unemployment. The gas industry is one of the key industries globally as it provides the energy source necessary for carrying out activities in the other sectors of the economy.

The Gulf Cooperating Countries (GCC) are among the fastest-growing regions in the world. The GCC is made up of six countries: Oman, Kuwait, Bahrain, Saudi Arabia, Qatar and the UAE. This region collectively owns 54% of the total reserve of conventional oil and gas reserves in the world known to date. Scientists expect to find large additional quantities of undiscovered and unproved reserves.

Twin deficits also known as the double deficits are a brief introduction to two associated economic challenges, the state budget deficit and the global trade or current account deficit. The government budget deficit refers to the variation between state revenue (majorly taxes) and state expenditure.