Macro & Microeconomics Essays

Among the county’s major cities include Atwater, City of Merced, Livingston, and Los Banos. The population in the county is diverse estimated at 255,793 people on the 1,971.87 square mile, which translates to 130 people per square mile, according to the 2010 census (US Census Bureau).

This research will begin with the statement that еhe purpose behind the establishment of any business organization is mainly to make profits and earn maximum customer recognition. This research tells that before entering a market, business organizations must identify the forces operating in that particular market.

But these companies try to recover these losses by lay off large number of employees and save the payroll cost. These days unemployment is a burning issue especially in Europe and USA. This topic is concerned with today’s generation and cause of hyper tension between emerging and emerged countries.

Aggregate supply on the other hand represents the amount of products that an economy can produce. Under normal circumstances, aggregate demand should equate to aggregate supply. The studying these concepts of aggregate supply and demand helps in understanding macroeconomics at a wider level.

Another condition that makes the deadweight in the industry to become severe is the presence of taxes along with subsidies. Increases in taxation happen when demand for a product is more elastic. This only happens in a market where there is competition and the tax charges are given to all the participants within this market.

The automobile industry began to take shape in the early 18th century. At that time the cars were simple, even some of the early models went on without engines, therefore, people used to push them around. Nevertheless, as time passed automobile technology became more complex and in 1914 the first car engine was introduced by Sir Henry Ford.

This is primarily achieved through the exportation of products for which the country has substantive comparative advantages. Export-led growth theory provides for the opening of domestic markets and allowing for foreign competition in exchange for access to the markets of foreign nations.

Figure 3.4 reflects on a change of price leads to a change of the demand of quantity of the product. In demand curve, every point specifies the consumer benefit with each unit of additional good being consumed and by adding all the good consumed total benefit can be attained (GILLESPIE, 2011).

It is broadly divided into two categories namely consumption externality which affects the consumers and production externality which affects producers. A negative externality such as pollution incurs costs to the third parties while a positive externality results into benefits to the third parties (Jordaan, 2009).

There are many limitations as the assumptions can cause certain deviation in the application of this process, between the reality and the model. CAPM process just chooses the best possible and efficient portfolio that has been derived based on expected returns, as this model assumes that all investors are averse to risk.

Financial increase involves the transformation of the financial system. Forms of banks and bank money change. The alterations that occur if not addressed leave the banking system susceptible to crisis.  There is no better test in economics than to recognize and thwart financial crises. The fiscal crises of 2007-2008 provide the prospect to re-evaluate our considerations for the prevention of crises in the future.

Therefore, these elements form system within the overall systems, and for maximum efficiency, each system within the overall organizational structure has to function at its best, for the organization to achieve its mission and objectives. Consequently, a business environment involves the integration of various internal and external elements that enable the daily functioning of the organization (McNamara 1999).

ECOM AUTO BUSINESS CASE STUDY: WRITTEN ESSAY Abstract This report will try throwing some light on lobbying process and ethical dilemma regarding the process. The essay will dissect lobbying process into responsible and unethical practice. The report will try to analyze lobbying strategy from the fundamental concepts of macro economics.

The recovery phase from the Great Depression is often explained to be the result of Keynesian policies of large-scale public spending in order to let full employment persist and prevent future depressions. This is understood essentially from the phase of government spending in the phase of the Second World War.

Most of these Gulf states run short of indigenous labor. In order to accommodate the shortage of labor, every year, thousands of migrants are allowed to work in these states most of which come from such South Asian countries as India, Pakistan and Bangladesh.

However, if a consumer obtains same level of utility and satisfaction by consumption of two goods, he is said to be indifferent. This behavior of consumer is shown by a curve known as Indifference curve and the theory explaining this behavior is known as “Consumer Choice theory”.

Most of the key ideas presented by the author in the book center around the Grameen Bank and the principles under which the bank was established. This gives the book a biographic touch though its main aim spans beyond just a biography. From a biographic point of view, ideas in the book are presented as they happened personally to the author.

Globalization has caused a significant move from a world in which national economies were quite self-contained entities, isolated from each other having barriers to cross-border trade and investment to a world in which cross-border trade and investment are tumbling, distance is shrinking due to advances in communication, technology and transportation.

The Federal Reserve uses prevailing unemployment rate to set the direction to its monetary policy. In this paper, an attempt is made to understand the relation between prevailing unemployment rate and corresponding inflation rate with the help of the Phillips Curve.

However our focus, in this assignment, will be upon the labor theory of value by David Ricardo. The labor theory of value basically talks about the value and price that is attached to products and services. David Ricardo wrote in his book,”On the Principle of Political Economy and Taxation”, that: “The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labor which is necessary for its production, and not on the greater or less compensation which is paid for that labor.” (Hasan) This means that, according to Ricardo, the true value of any product is determined by the total value of the labor employed and their e

Managerial Economics Essay NAME: AFFILIATION: UNIVERSITY: COURSE TITLE: DATE OF SUBMISSION: Managerial Economics Essay One of the best articles that have discussed the importance of International Trade in World Market has been published in New York Times magazine which has highlighted the importance of trade agreements in this globalization period (International Trade, 2012).

Many believe that American is faltering and the current administration has left it to flounder. A resolution must be found to allow the United States to regain its footing and allow its people to go back to work. This is basic and sound logic that all Americans regardless of beliefs, ideas, viewpoints, affiliations, and political parties can agree upon.

Speedy economic growth is a way of generating additional jobs (Ryan 11). Conversely, cuts in real wages happen to be a reaction to the perception that owing to their demands for advanced wages, some groupings of workers have charged themselves out of a job.

Research shows that in the year 2000, China’s average income in the eastern population recorded 2.26 times higher than that of the west. Finally, China is experiencing an aggravation in income distribution between and among numerous trades with the year 2000. Indeed, China’s profile is a collection of amazing, particularly surprising things.

As a matter of fact, there are some quarters that report that supply is not forthcoming at all (Campos and Root, 2009). Even though decline in supply is not necessarily as a result of increased demand, in the case of the Apple iPhone 5, it is clear that there is a massive demand for the product but manufacturers are just not being able to match up the demand for the product.

The model portrays a world encompassing two countries, both using a single production factor (labor) to yield two goods. This model purports a fixed quantity of labor is required in order to yield a single output unit of each good in each of the two countries despite the quantity produced as a whole (Jonathan & Kortum, 2002).

GAAT also sought to eliminate regional preferences and thus create a trading environment where all the countries were better placed to undertake trade with each other, without unnecessary prohibitions (GATT, 12). The enactment of this agreement occurred in six rounds, where different aspects of the agreement were agreed, until the final round when all the agreements were then consolidate to form the final agreements, which lasted until 1994, when they GAAT was then replaced by the World Trade Organization.

Water covers 75% of the planet’s surface and only a small portion of this percentage is usable by humans and plants. Humans require fresh water and most plants except those that have adapted to live in saline environments. Fresh water sources are significant, and their existence is being threatened by over exploitation of water resources.

Even though it is true that the oversight in peer review process is an effective means of ensuring that the overall quality of work is at its highest possible level, incomplete facts, biases, and lapses in logic/reason can still be found.

The United States is in the midst of attempting to transform their long used accounting standards of, the GAAP, for the internationally recognized system, of the IFRS. This change is bringing about many benefits as well as concerns.

The paper will examine three main economic lessons learned from the novel The Price of Everything-A Parable of Possibility and Prosperity along with other ideas discussed. The main lessons are Price gouging, creation and sustaining of prosperity and evaluation of unseen economic order and harmony that shape our daily lives.

Hobbes’ perspective on human nature as self-interested cooperation is an enduring theory of philosophical anthropology (Wildawski, Chai & Swedlow 161).  Thesis Statement: The purpose of this paper is to investigate the work of Thomas Hobbes from a social, political, and economic perspective in western civilization.

Firstly, it is going to cement the argument, which is usually the fact, that the fundamental thing that determines the price of a commodity is that commodity’s supply as well as demand by stating the laws of demand and supply. The law of supply says that if the price of a commodity rises so will the quantity supplied of the same commodity.

The evaluation of the progress of economies can be a challenging task mostly because of the continuous changes in the political, social and financial conditions in countries worldwide. Moreover, the impact of factors, which used to be critical in economic growth, can be differentiated due to unexpected social or financial events.

Economist and various financial experts have given it different names including credit crunch, liquidity crisis, and global financial recession. From what started as a credit crunch situation in some markets such as the housing market, it soon spread to other commodity markets and took over the whole world by surprise.

The concerned report explains the dynamics of the Demand and Supply theory of a product, the market structure in which the company exists and the elasticity of its products. The report has been divided into two major sections, analyzing the impacts produced on Micro and Macro economy of a company and its market.

 Problems related to incentives and information has been primarily associated with the economic crisis of 2007/2008. Certain incentive systems led the delivery of deceptive information rising conflicts of interests. There were excessive risks involved as well as fraudulent behavior that initiated the crisis. 

A derived demand is the demand for some substantial or elusive good or services where a market is present for the goods or services under consideration. Derived demand plays a significant role on the market price of the derived good. The determinants of demand are as follows: 1.

This means that even when a particular party or country for that matter has absolute efficiency and advantage in producing the good or service both can still exist and stand a chance of gaining profits through trade given that they have different comparative competencies. A worker in country A can produce two eggs and eight fish every hour.

Monetary inflation refers to an increase in amount of money in circulation as government prints more money. This further causes commodities prices to rise due to loss in purchasing power of money. On the other hand, price inflation refers to a persistent rise in prices of goods and services whereby, a lot of money can buy only a few goods (Mankiw, pp381-385).

Globalization helps nations to make sound macroeconomic policies and help to educate the workforce. In short, nations who ‘globalize’ experience a wide range of goods and services, low prices, improved health for citizens, better-paying jobs, etc. all initiating an improved standard of living with higher per capita incomes.

China’s increasing foreign aid in the last decade is aimed at the benefits of China. The strategy behind China’s aid expansion policy follows a different model than the other developed countries and the US. While the developed countries follow a subscription policy to offer foreign aid, China has resorted to the policy of financing the volume of foreign aid.

However, there are critics who claim that maternal employment can be of a negative impact on the well-being of children. This is because an employed mother is likely to have little quality time with their children, fail to perform maternal duties due to stress, and spend too much on childcare and transport.

Marx's explanation for the capitalist transformation compliments Jared Diamond’s argument of European domination of the world, even against the backdrop of colonialism. Diamond attempts to give a historical explanation for the unbalanced power and distribution of wealth in the world. He gives scientific explanations of race in contrast to Marx who gives the socio-political aspect of the disparity

They include growth, peak, recession, trough, and recovery. Whenever the business cycle is in recession, the business's general, economic performance is bad (Elwell, 123). It results in adverse economic elements such as inflation, unemployment, losses to corporations, and a decline in investment levels. The period of growth and peak are desirable.

The countries’ economy worldwide has encountered financial crisis frequently (Norgren 10). Thus, this phenomenon is not new in the world. Nevertheless, the global financial crisis (GFC) happened in 2006 to 2008 is considered as the most severe recession in history since World War II.

Each and every decision of the regulatory agencies should be presented in a clear and transparent manner by properly notifying all the entities and people in the private sector about the process and the time of implementing the policies. The agencies should also state the purpose and probable consequences of the policies to the stakeholders.

The Great economic depression was triggered off in the year 1930 in the US, it was triggered off by the collapse of the US stock market which is now known as Nasdaq. It was the worst period of US history, people slept on Hoover blankets and had no money to spend. The economy of the US recovered from this setback only to suffer from a similar setback of a lesser magnitude in the year 2008 which is called recession.

Indonesia, being one of the top producers of rice in the world, is aiming to become self-sufficient as the demand for quality rice seeds has risen significantly over the years. Moreover, demand for hybrid rice seeds is also growing much faster than that of the composite rice seeds because of the benefits associated with hybrid rice production for farmers.

When the government relaxed its price control and promoted foreign investment, the United States started to invest in PRC beginning 1979 after both countries establish diplomatic relations. With Japan as their fund provider since 1978 through soft loans, PRC is now the fastest growing major economy in the world.