Macro & Microeconomics Essays

This allowed the majority of families to buy homes they could not afford with loans that were subsequently defaulted. The excessive demand for mortgages by buyers caused speculation to increase and home prices to rise at a higher rate than the increase in the supply of houses. In 2006, prices for houses began to fall, and mortgage interests rose.

In addition, the banking sector in all districts has widely improved because of vast demand of loans by inhabitants in the districts. Besides, all the districts accounted for a major increase in hiring workers. However, lack of qualified personnel to assume high profile corporate positions is still evident in all districts.

In order to satisfy the objective of this study, the essay will begin with a brief discussion of unemployment subsequently followed with a brief discussion of globalization. The third section will demonstrate the relationship between increased rate of unemployment and reduced levels of globalization.

In the free market, importance is placed on the freedom of the consumer and the worker, and the firm itself. The fact that a free market economy operates automatically is one of its major advantages.

According to the IMF, since the early 1990s, FDI’s global quantity has increased more than that of global trade, which, consequently, has increased more than global production. The globalization of production accompanies a grand assurance of a new stage of trade expansion from developing nations, like China, whose enclosure in the system creates novel technologies and unlocks new markets.

According to The Financial Express (2009), microcredit which is also known as microfinance is a financial loan that is given to poor people and acts as capital for beginning a business. The financial loan given through microcredit is usually a small amount of money for small-scale ventures and it is essential for funding businesses of the impoverished.

Outsourcing is heavily being employed in America nowadays and has potential implications on the US economy. A vast majority of the items contained in the home of an American have been imported from other countries, thus causing many countries to experience economic boom along with an equivalent decline in the strength of the US economy.

From an economic standpoint, governments have realized the importance of cross-border investments thus the clearly visible attraction and tilting of balance for multinational corporations. For a multinational to be successful it must have a location advantage, internalization advantage and ownership advantage.

Moreover, the assessment stipulates capitalist exploitation is explained based on real social relations of capital, which is equivalent to positing a class to workers involved in the production by selling their labor power. Therefore, Marx established this condition to derive a basis of value through a theoretic account in his book, thus associating basic logic problems with his arguments.

Recent activities of such a nature have seen formerly separate and independent European nations submit themselves to a European Union and see and degree of their national sovereignty taken away.

One cannot help but wonder why in these struggling times companies export jobs outside the US when there are workers available in the US who can do the job. It can be added that retaining jobs in the US would tremendously reduce its unemployment rate and help fast-track the recovery of the ailing economy.

Industrial revolution happened in Britain during the 18th century. It is described as one of the most significant event that occurred in human history. This revolution transformed the way individuals lived their lives, considering the development scale of agriculture and urban centers.

This paper used published literatures and materials in order to review government’s reaction on the said scandal so that risks of same incident are apprehended.An aftermath of the investigation showed perpetrators of the crime were persecuted,and the creation of a legislative Act that offered strict regulations and changes on the financial reporting.

The Chevrolet Malibu is a midsize sedan that is remodeled for 2013/2014 with a novel exterior design and an innovative dual-cockpit internal that offers more space, a quieter journey, and more first-class materials and content. An innovative fuel-resourceful two and half-liter Ecotec engine with a novel 6-speed automatic communication is incorporated.

In reality, the field of economics is much larger. Through several principles that have been developed over a lot of years, economics has come to investigate many of the phenomena of the world. For instance, Adam Smith’s theory of the invisible hand argues that when people engage in business and selling they are governed by the invisible hand.

The FDI restrictions are also quite high in developed countries which keeps investors from venturing into the regions. Finally, it is seen that competition and lack of resources and expertise do not allow developing nations to compete with developed nations. That is why the removal of FDI barriers for them is justified.

The United States of America is an economic powerhouse, and is the largest economy in the world. According to the CIA World Factbook (2011) it is the case that the U.S. economy has an official GDP $14.62 trillion in 2010. However, the economy of the United States is experiencing a number of challenges.

Critical essay Table of Contents Definition of essay topic 3 Critical discussion of theories 4 Description of case studies 8 The Case of MacDonald’s in France 8 The Case of Aircel in India 9 Application of the theory to the case studies 11 Relevance of Geert Hofstede’s cultural dimensions in MacDonald’s 11 Aircel and brand strategies 13 Conclusion 15 Reference 17 Definition of essay topic The project primarily talks about two management cases and the respective theories associated with them.

Given the huge mining boom in Australia, it is suggested that the benefits of this boom are distributed among all Australians and taxation is the way. Super profit tax policy is a good framework. It can lead to higher savings for future generations; reduce the negative externalities attached to mining, and avoid market failure.

The other effect of this is increase the output i.e. as the number of transactions by the government goes up so does the demand of money behaves. A speculation of the demand of money will in turn reduce since too much has been spent in government’s deals.

[Student’s Full Name] [Instructor’s Name] [Course Title] [March 13, 2012] Will American factories ever resurface? American factors have laid off hundreds of thousands of workers due partly to the recession and mostly because these companies find it cheaper to outsources their manufacturing to other Asian countries, where the same work is done at a much cheaper cost.

Finance involves the application of financial and economic standards with intention of getting the most out of the wealth and value of a business (Groppelli & Nikbakht, 2006, pp.3-4). The implications of finance are not only related to business organizations. There is a worldwide connection between the financial markets through the use of telecommunications.

This section involves the review stochastic frontier analysis (SFA). More so, its influential antecedents: empirical and theoretical. Furthermore, l events leading to original developments of SFA are recalled.

The company is also said to have a leading position in more than 50 countries and operates in more than 180 countries across the globe. The companies main brand products include Kent, Dunhill, Pall Mall and Lucky Strike (Britannica Educational Publishing and Rogers 2011 p.177-198).

If the demand of admission in the university is higher than the number of seats available, the rise in tuition would result in the rise in revenue of the university. Due to the availability of more number of students, they would take admission in the university even if the tuition is raised.

Corporate profits seem to grow rapidly when there is higher economic growth. One of the reasons why developed markets like the U.S. have been ranked high is because of the development of markets outside the country. Some nations are borrowing a leaf from the U.S. and are performing well as emerging markets.

As of November 2008, the annual inflation rate was 89.7 sextillions (1021) percent and the highest currency denomination was Zimbabwe Dollars 100 Trillion banknotes. Hyperinflation was caused by inefficiency and drought and poor monetary policy management. This was a result of land reforms and not honoring rule of law by revoking property rights.

Australia aims to reduce the carbon emissions up to 90 % from the current value till the 2050. Although the proposed reforms in the economic structure promise a safe and green future for the country yet it has several implications that must be considered by all the stakeholders.

Globalization refers to the nature of global relationships that exist between people, cultures and economies. Today’s global economy is characterized by an increased assimilation of trade, capital flows and labor, to varying degrees.

Name Institution Course Tutor Date Youth Unemployment in UK Youth unemployment is a worldwide economic crisis, especially with the current global economic hardships. A recent report by the Office for National Statistics indicates that the number of jobless youth in the UK hit a record of 1.02 million in the quarter (Pym, 2011: 21).

India is a country with a quite long history. The review of the country’s historical background has led to the assumption that the country’s social, economic and political framework has been highly alternated through the centuries. This is a process common in all countries internationally.

The World Bank of the Unheard. World Bank (WB) has over the years become known to some of its proponents as a credit world club (Birdsall 50). It resembles a type of a credit union where its members are countries (Birdsall 50). Since its inception, WB has turned into a union where Western countries contribute to transfers from Western to the developing countries (Birdsall 51).

The main duty of the police force is to maintain law and order through crime prevention. Thus, they need to undergo extensive training on how to perform their duties. That is the reason why entry-level requirements are so much demanding to produce quality skilled personnel worthy of executing their job. 

On the other hand, the ILO measure calculates the total number of persons who are jobless bur keenly seeking employment. Claimant Count depends on records that may be incorrect and altered as well (Turner 2012). This can be explained by the datum that sometimes policies, which govern the benefit entitlements, can be altered or erroneous (Dustmann, Glitz & Vogel 2006).

Revenues are an important component in a government budget. The extent of government spending in a fiscal year is planned according to the revenues generated. Under such a scenario the sources of revenue for the government becomes a crucial thing. The sources of federal revenues are “individual income taxes, social insurance (payroll) taxes, corporate income taxes, excise taxes, estate and gift taxes, remittances from the Federal Reserve, customs duties, and miscellaneous fees and fines.” Out of the above it can be unambiguously stated that personal income tax is the largest source of government revenue, accounting 45 percent of the total revenue.

This leads to major problems for the country and its population which include lower standard of living, poor health, lower GDP and national income, and a generally depressed society. However, this issue may have an even deeper impact upon a household in which the sole bread winner is unemployed.

With the high capital base, the bank dilutes the regulations that govern lending to their customers and thus making loans more accessible. This makes the bank extend loans to even those loan applicants who have not been servicing their loans as required, granting them huge amounts and even extending their duration of loan repayment.

US Monopoly Company and US Perfect Competition Company In most cases, monopoly companies have got the power to raise prices above marginal costs. They normally care about profit making while neglecting any challenges faced by the society in their ability to afford.

As monopoly proceeds, the consumers will ultimately forego the product, especially consumers who value the product or service more than they value its cost. This tends to create a deadweight loss. The deadweight loss also indicates that the combined surplus for the monopolists and the consumers is always lower than that for perfect competition.

Generally, Alan Greenspan is the current chairman of the US Federal Reserve Board. The board is charged with the mandate of determining official interest rates. Alan Greenspan is seen as an inflation hawk. He is condemned for concentrating on managing inflation instead of decreasing unemployment levels.

Over the years, the labour market performance in France has been regarded as unsatisfactory. The first oil shock and the beginning of recession in 1974 marked a continuous rise in the employment rate of France. This was from just below 3% in 1973 to a 10.7% peak in 1987.

This results into a clearing effect of the market. Labor market movements occur when a particular market does not attract employees and they move to seek better market elsewhere. This labor market movement may be determined by the policies of labor market such as regulations of job security, the minimum wages, and social security which are often aimed at raising employee welfare and reducing employee exploitation.

This paper advances Keynes’s theory that the best way to ensure economic stability and growth is by active government intervention in the marketplace and monetary policy.

For the case of Greece crisis of 2009 the European Union had to adjust its monetary policy. The measures had been taken to ensure a balance of payment was balanced. The Greece government had to carry out the reforms needed in conjunction with European monetary union to keep its balance of payment at an equilibrium point.

There is a belief that properties that are correctly priced tend to sell within the time stipulated for the contract of the listing agent. Properties that are overpriced often tend to sell slowly, therefore stay in the market longer, and finally, the contract of the agent expires. This forms the foundation for conducting Comparative Market Analysis (CMA).

Micro and macro economic on us trade This paper defines in detail what Macroeconomics and Microeconomics are about and what their impacts on the economy of a country are. We have taken into account the impact the two kinds of economies create on U.S. trade and why is it important for the survival of the nation.

The author of the paper outlines that consulting has become a common practice with business firms to take a deeper analysis of their business strategies before making a vital decision. Consulting is defined as a practice that involves the use of multiple talents and expertise to help solve issues in organizations.

There are various reasons for outsourcing. The company that outsource can be able to reduce the cost of production, acquire modern technology, improve quality of its products, reduce tax, penetrate market quickly and to increase their production capacity (Casale, 2008).

The years before 2009 were periods that were characterized by unstable economic growth rates. This made Donavan conclude that “state growth rates have been persistently different to a possibly significant extent”. These disparities notwithstanding, Harris report that the aggregate gross product growth rate was above the national growth rate in most parts of the Oceania region and beyond.

In high competition, the price elasticity of demand is high therefore the firms do not increase the prices while in low competition, the price elasticity of demand is also low, therefore the firms are encouraged to keep the prices inflated. Thus, it can be said that the price elasticity of demand directly influences the Lerner Index.