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# Basic Macro and Microeconomic Policies - Assignment Example

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In the paper “Basic Macro and Microeconomic Policies,” the author analyzes economic policies, which include the maximum use of the four Ps of marketing. The company should have an effective promotional. This marketing strategy includes making feasibility studies on what the needs of the customers are…

## Extract of sample "Basic Macro and Microeconomic Policies"

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## CHECK THESE SAMPLES OF Basic Macro and Microeconomic Policies

### MICROECONOMIC

...? MAE101 – Economic Principles Assignment: Base Version Insert (s) MAE101 – Economic Principles Assignment Base Version Question 1: Choices at the margin a) Given that a parking fine brings in revenue of \$75, and that on average Deakin Parking inspectors issue 0.7 fines an hour when conducting random checks, what is the expected return for an hour’s work inspecting cars for permits? The total revenue obtained from fines= \$75 (price) and the inspectors issue 0.7 fines in one hour. Revenues= price x quantity. Expected return for an hour’s work = 0.7 x75= \$ 52.5 b) Assume that Deakin’s parking inspectors are paid \$35 an hour for checking cars for permits. What is the marginal cost and marginal benefit of another hour’s ticket... MAE101 –...
7 Pages(1750 words)Essay

### Microeconomic

... or \$0 or simply choose \$500. Mathematical expectation says that the scenarios are identical, but the person playing wants guaranteed return: Thus, to make the show more interesting, it may offer only \$250, meaning that \$500 (or even a lower number up to \$251) is a certainty equivalent. The risk premium is the amount of added value that a risky asset must bring. If an investment has a 1% chance to fail, I am likely to want a 1.5% growth rate on the investment at minimum so that over 100 years the failure of an individual year does not threaten my growth. Maximum willingness to pay for insurance is determined by these factors and others. It can be quantified mathematically: E.g. if I am offering a client a \$1,000,000 life insurance policy...
4 Pages(1000 words)Essay

### The Macro & Microeconomic Of China

...?The Macro & Microeconomic Of China China has become a good model for ongoing rapid growth for a developing country as a whole. Compared to a developed country’s performance like the USA, its growth has been more than 300% as of the most recent year. The heavily populated nation with 1.3 billion people has been outperforming USA for over ten (10) consecutive years in terms of both GDP growth rates yearly and unemployment rates also yearly. See Figures 1, 2, 3, and 4 for a quick reference of historical statistics. This research looks into the microeconomic and macroeconomic factors that have made it possible for China to grow consistently over the past decade up to the present, with intentions to learn from that developing country’s...
8 Pages(2000 words)Essay

### MICROECONOMIC

...? Microeconomics: Tax, Price and Cigarette Smoking Contents Contents 2 Answer 3 Answer 2 3 Answer 3 5 Answer 4 6 Question 5 8 Question 6 8 References 9 Answer 1 In the year 2008, when the taxes on cigarettes were increased by 62 cent per pack the sales of cigarettes decreased by 10%. This shows the impact of taxes on cigarettes. The tax is devised in such a way to discourage smoking that the consumption of cigarettes has decreased by 20% according to a report. The factors that affect the size of the tobacco market is the tax rate that is imposed on cigarettes in the country and the smoking habits of the newer younger generation as a result of anti-smoking campaigns (Mankiw, 2012, p.72). For the person who smokes cigarettes, it is a good...
6 Pages(1500 words)Essay

### Macro-Economic Policies

...The controversial face off between Segolene Royal and Nicolas Sarkozky in France's upcoming elections elicits memories of the economic issues and difficulties the country confronts. For one, the country's economic stability is dependent on the government's macro-economic policies, and expectations on the candidates are very high. The French and member countries of the European Union expect that a leader, who can provide solutions to the pressing problems that beset the country, ranging from the rising unemployment, fiscal deficit, law and order, social unrest, to the future direction of the European Union, will eventually emerge. At the heart of this conflict is not only the politics of Royal and Sarkozky, or the pitting of ideals...
6 Pages(1500 words)Essay

### Microeconomic

... and the short run are the same-housing shortage. At a price lower than equilibrium consumers' demand is higher than what is willingly provided by the providers. This situation gives the landlords incentive to discriminate among the tenants. Logically, they will provide housing to those who are willing and able to pay a price higher than the price ceiling. Works Cited Mankiw, Gregory. "Principles of Microeconomics." 2004. Thomson-Southwestern: New York "Supply, Demand, and Government Policies." Ohio State University. n.d.30 October 2006 ...
2 Pages(500 words)Essay

### Basic Types of Public Policies

...﻿Basic Types of Public Policies Page. 291 1. System-level factors that may limit autonomy Training on how to access and work with interpreters This factor affects the autonomy of the limit in that in case the training is not right and proper the autonomy of the expected limit may be wrong and not of the expected standard but if the training is right and proper then the expected result with be accurate and meaningful. Commitment Lack of commitment is most like prone to result to poor level of autonomy due laxity and lack of concentration while when there is commitment on the other hand, the is likelihood of achieving the expected level of autonomy due to maximum concentration. Technological advancement The level of technology involved also...
6 Pages(1500 words)Assignment

### Macro and Microeconomic Evaluation

... that are unskilled and uneducated are awarded a higher wage. Workers and firm surplus includes the extra work force that is readily available for the firm to employ and the number firms that are ready to absorb the workforce at any cost (Chari et al. 69). Unemployment refers to the percentage of unemployed labor force that is willing to take employment opportunities at the current wage rate. Deadweight loss is the loss of welfare arising from a certain policy, which does not benefit any of the participants. Labor demand is directly affected by the minimum wage policy. With a higher minimum wage and the unstable economy, employers are less willing to employ more workers and prefer to pay the existing employees for working more hours...
4 Pages(1000 words)Essay

### Microeconomic

... warranty policy and has maintained it to date. This long term use of its warranty policy is as a result of Dell’s high investment in product quality improvement over time since they were sure of reduced warranty compensations. This, therefore, implies that product reliability is with past warranties (Spence, 1977). On the other hand, a manufacturer offers a warranty as a credible form of commitment to any moral hazards likely to be faced by the consumer. This warranty acts as a bond against possible ex-post actions taken by the manufacturer and might be harmful to the consumer. Other scholars such as Choi and Ishii (2010) argue that warranties act as an insurance provision which works as a risk sharing mechanism between customers...
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### Macro-prudential Policies

...﻿Macro-prudential Policies To be certainly practical, financial policies and regulations should always be forward-looking. Moreover, formulated to accommodate the challenges of managing the pace of disruptive innovation both registered and potential (Gai, & Haldane, 2011, p.415). Such kinds of changes are by their complexion not mainstream, and might never become so. Thus, they can be driven from top to down as well centralized policy innovations or by bottom-up and decentralized trade changes (Gai, & Haldane, 2011, p.415). Therefore, in this section this paper is going to discuss five drivers that are so crucial to the effective operations of the financial system. The first driver is Disintermediation of capital and payments. It involves...
12 Pages(3000 words)Coursework

### Western Policies have Lead to Islamic Fundamentalism

It was used to producing a generation of colonialists’ tutored primarily to take over the lands that they were being taught about. The purpose of their academics was to make them familiar with the land and the people, and in turn, bring about their conquest.

Second, Edward Said discusses how by defining ‘Orientalism’ the Western scholars were actually defining themselves. By constantly pointing out the differences between the ‘East’ and the ‘West’, Orientalists themselves produced a divide. The West being liberated, open, and innovative; while the East is portrayed as backward, confined, and superstitious. This continuous brainwashing gave the future ‘liberators’ of...
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### Macro Economic Policies of the French and German Governments

In contrast, the Socialist Partys Ségolène Royal has made large spending promises which would cost, according to estimates by the Economist (2006), €49 billion per year by 2012. That is almost a third more than the expenditure planned by the current government, and there are questions as to whether the faltering French economy will be able to support such levels of expenditure.
In the three months to September 2006, the quarterly GDP growth rate was zero, when the Bank of France had forecast growth of half a percent. Many economists believe that the flat growth in the third quarter of the year was merely a correction from the 1.2% growth in the second quarter, a view that was born out by 0.7% growth in the...
11 Pages(2750 words)Assignment

### How Effective Are the Current Environment and Ethical/Social Policies of Tesco

Tesco has been accused of indulging in unfair and monopolistic activities, unethical price of price undercutting thus creating a squeeze on the competition and the local farming community. The volumes of goods traded and retailed leave a large carbon footprint. However, Tesco has stood it is for quite some time now by creating and implementing policies for ethical and responsible for not only fending media accusations but also by stating, and implementing ethical and social policies.

According to Walley (2005), sustainable practices are best developed with an interplay of forces outside organizations like laws, regulations, and competition and organizational policies like governance, and social and ethical practic...
10 Pages(2500 words)Assignment

### Does Terrorism Work as a Means of Changing World Policies

That is the dilemma associated with terrorism--- the double-edged weapon. The old saying that one man's terrorist is another man's freedom fighter, is still in vogue. A man belonging to Al-Qaeda can be a so-called freedom fighter for Bin-Laden but for President George Bush Government, he is simply a terrorist, who spills the blood of the innocents.

The basic and the debatable question here is whether terrorism really works in the present scenario in changing the Governments and their opinions? There appears to be a number of instances across the globe wherein it has been felt that terrorists, except killing innocents and making media headings and stories, have generally failed in their deadly mission in toppling the dem...
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6 Pages(1500 words)Coursework

### The Extent to Which Unemployment Is a Microeconomic As Opposed To a Macroeconomic Problem

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6 Pages(1500 words)Assignment

### Australias Policies on Language and Multiculturalism

The state government is headed by the Premier (Government in Australia n.d.). Each state has its own electoral and educational system (Government in Australia n.d.). Composing the state are smaller political subdivisions or municipalities and run by the local governments called councils (Government in Australia n.d.).
Multiculturalism is an essential element of Australian society since it provides the framework for social goals that foster solidarity and upholds ideas, capacity and economic growth (Multiculturalism 1996). According to the South Australian Multicultural and Ethnic Affairs Commission Act of 1980, multiculturalism refers to the “policies and practices that recognize and respond to the ethnic diversity of t...
9 Pages(2250 words)Assignment

### The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

... corporate strategy management and exploitation of macro economic factors. This is further reiterated by Johnson et al, who opine that it is the environment which ultimately shapes organisational survival in the marketplace (Johnson et al, 2008, p.54). Indeed, the underlying basis of macroeconomic theory is the interrelationship between performance and behaviour in decision making regarding national economies along with a consideration of the various determinants of economic activity (Michl 2002, p.20). A principle macroeconomic model is the dynamic stochastic general equilibrium model, which explains economic growth, business cycles and monetary and fiscal policy, along with consideration of how the economy evolves over time accounting...
13 Pages(3250 words)Assignment

### Macro and Microeconomics Factors in the UK Housing Market

The housing industry is divided into residential, commercial and industrial segments. Economists define supply in terms of service units, that is, a physical unit can be deconstructed into the services that it helps provide. These housing unit services are considered as an unobservable theoretical construct. Housing stock depreciates making it qualitatively different from a brand new constructed building.
The owner, user/owner and renter comprise the demand side of the housing market while the renovators and developers comprise the supply side of the market. In order to implement the simple demand and supply analysis to the housing markets, several modifications have to be made to the standard microeconomic procedures and ass...
8 Pages(2000 words)Research Paper

### The Smoke Ban Policies

Ozarks technical college became amongst the first to see the smoke free policy implementation in 2003, and in accordance with a certain analyst, who assisted in drafting the initiative in this school, there was light feedback from the learners. The policy is easily implemented by not forcing the learners to quit the tendency. For one to be successful in implementing this kind of initiative there should be minimal opposition. The smoking prevalence decreased to 18.9% up from 24.4%in adults with the age of 18-24 from the year 2005 to the year 2011, in accordance with a research Centre (CDC). The age group is now among the ones with the lowest prevalence in smoking of age below 65. It was 6 years back; the group was highest in the sm...
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