economics Essay Samples and Topics Online

Nature And Significance Of Economic Science

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economics is thus the study of how we utilize our scarce resources to produce goods and services to satisfy the most pressing of our infinite wants and how we distribute these goods and services amongst ourselves. ... In Micro economics we study the economic behavior of small units, viz.... economics can be defined as the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.... economics is based on two fundamental facts: ...

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Analysis of Market Situation and External Environment

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This essay "Analysis of Market Situation and External Environment" discusses economics as the study of managing households by means of taking various decisions about it.... economics has two main branches; microeconomics and macroeconomics.... Microeconomics is the study of markets and the interaction of firms and households in decision-making whereas Macroeconomics is the study of economics at mass level with an overview of governmental policies, inflation, and other similar phenomena....

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Factors of Production and Circular Flow of Income

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The paper "Factors of Production and Circular Flow of Income" states that economics is the study of mankind in the ordinary business of life and it helps us to understand how the economy works and how government policies work.... This is what economics is all about; making choices among alternatives bearing in mind the scarcity of resources.... In other words, economics is about the efficient allocation of scarce resources (Wessels, 2006).... This is what economics is all about; making choices among alternatives bearing in mind the scarcity of resources....

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Form of market structure: Monopoly

3 pages (750 words) , Download 2 , Essay

In the paper 'Form of market structure: Monopoly' the author analyzes the article regarding this economic concept 'Monopoly' written by George J.... Stigler.... The paper highlights the key points of the article along with its relation to the basic economic concepts.... ... ... ... The author states that one of the key points covered in the article include the objections against a monopoly as understood by the economists....

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Reducing the Level of Unemployment Permanently

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The paper "Reducing the Level of Unemployment Permanently" describes that the application of supply-side economics may solve the unemployment challenge, but prove insufficient to work alone.... The Philips curve, non-accelerating inflation rate of unemployment (NAIRU), natural rate of unemployment and general supply-side economics will be discussed in relation to a reduction of the unemployment rate.... upply-Side economics ... The concepts of supply-side economics developed and spread in the 1970s....

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Article Review and Critique

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Upon reading the article, it can be considered as an important contribution to the concepts related to dynamics of the field of economics specifically pertaining to organizational behavior in the 90s until the turn of the century.... Upon reading the article, it can be considered as an important contribution to the concepts related to dynamics of the field of economics specifically pertaining to organizational behavior in the 90s until the turn of the century....

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The Accidental Theorist and Peddling Prosperity by Paul Krugman

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Peddling Prosperity book by Paul Krugman is a great contribution from Krugman on economics and policymaking.... aul Krugman was the recipient of Noble Prize in economics for the year 2008 and is considered as one of the most liberal columnists and economists of the country.... His theories on international trade as well as economic geography are considered as one of the most important contributions to the field of economics.... It is often said that world of Krugman is entirely different from those of ordinary economists who fail to present such a vivid and simple explanation of economics and its theories....

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Healthcare policy Unit

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This paper 'Healthcare policy Unit' seeks to explore the importance of economics to health care policy.... The scope of implementation identifies the importance of economics to health care policy.... The author states that World Health Organization identifies the need to prioritize opportunities, or policies, and the need to solve the scarcity problem of resources through the identification of sources, and efficient application of resources as some of the reasons why economics is important to policymakers in the health care sector....

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Role of Experience in Personal Life

3 pages (915 words) , Download 2 , Personal Statement

As we study in economics that investing in the social sector that is education, does not give a country immediate results but a country sees its results after some years.... wo reasons augment my interest in economics.... Firstly, my financial conditions have always prompted me to think about certain aspects of economics such as the reason for sudden changes in demand and supply, increases and decreases in prices of certain products, and saturation of the market....

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The Book Predictably Irrational

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Tnhis paper ''The Book Predictably Irrational'' tells us that it focuses on behavioural economics.... Behavioural economics analyzes and explains the real-time behaviour of individuals.... The behavioural patterns in real-world situations vary widely concerning the predictions made and models developed by classical economics.... According to classical economics, people are supposed to show rational behaviour in their interests....

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Personal statement

4 pages (1000 words) , Download 3 , Essay

My intended major is economics, which from my childhood; I developed a deep interest in, although in an indirect way.... During that time, I was, of course, not aware of the importance of economics in the global context, but my parents were, and still are, bank employees.... Obviously, these books were useful to them as bank employees, and they were stimulating to me as a person developing an increasingly deeper interest in economics.... Gradually, I came to realize that learning economics could help me to have a secure life in the future....

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Reasons to Study in Brown University

2 pages (500 words) , Download 3 , Admission/Application Essay

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economics is an intense field of study which I find myself deeply attracted to.... It is fascinating to study on how economics can get used to combat simple and complex concepts affecting the society.... I am avidly interested in obtaining an interdisciplinary education in socio-economics at Brown University.... Poor land management by the government resulted to air and water pollution resulting to health hazards Personal ment economics is an intense field of study which I find myself deeply attracted to....

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World Economy - Neoliberalism

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Learning about the basics of economics and later on the subjects of microeconomics and macroeconomics would give solid foundations for the understanding of the world economy.... Before going on to the concept of neoliberalism, a brief discussion on basic economics would help in the understanding.... In appreciating and understanding economics, the question must be answered first: what is economics?... Once the word economics is heard, ideas to answer the question sprout such as images of “manic stock traders on Wall Street, an economic summit meeting in a European capital, a somber television news anchor announcing good or bad news about the economy,” (Hall and Lieberman 2010, p....

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Applying for Journalism Graduate School Program

1 pages (250 words) , Download 3 , Admission/Application Essay

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I have been an exemplary student at the Syracuse University College of economics for the past three and a half years.... Although I remain interested in the study of economics, I feel a need to go on a semester-long sabbatical from my Economic studies in order to pursue studies at the SI Newhouse School of Public Communications and School of Visual and performing arts.... The SI program and internship will only last for one semester and will offer me the opportunity to put my economics class theories into practice as I work in the highly competitive and notable entertainment offices in Los Angeles....

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Advancement in Technology and High Leisure Hours

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When Adams defined economics as the wealth of nations, the purpose was to account for the resources that can benefit its citizens.... economics OF LEISURE By Introduction When Adams defined economics as wealth of nations, the purpose was to account for the resources that can benefit its citizens.... The economics of leisure and sport.... "Leisure, economics and Politics.... Managerial and Decision economics 27, no....

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Which of two college courses you have taken more closely matched the ideal college experience and why

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My cumulative intellectual knowledge in mathematics increased and enhanced my analyzing and problem-solving skills, whereas economics class did not have.... For example, I always felt the learning obtained in mathematics course is supreme compared to the learning contained in the economics course.... My performance in Mathematics class had always been far better than in economics class.... This won me many rewards and appreciations in mathematics class, unlike in the economics class....

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Personal Statement Question1:What is your intended major

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According to Grant & Chris, economics is a discipline that affects Knowledge appraisal depends on the practical application of theory in real life situation.... According to Grant & Chris, economics is a discipline that affects all aspects of an individuals perception even to the apparent nondescript apsects of human life such as “watching TV and reading a newspaper” (5).... These qualities endow economics with unique characteristics for anybody interested and conscious of the role played by resource management for solving problems and progressive development....

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What has been the thinking of scholars on beard's thesis 100 years later

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The flaw in Charles Beard's thesis is contrary to that expressed by history and economics scholars during the hundred years after its publication.... An economics and history argument, Beard's thesis was vastly controversial during the early 1900s.... economics academic Roger Ransom says Beard exempted the wisdom and commitment of America's founding fathers from his history.... The flaw in Charles Beard's thesis is contrary to that expressed by history and economics scholars during the hundred years after its publication....

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Market monopoly and Oilygopoly market

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It is emphasized here that economics is the social science that deals with money, markets, individuals, investments, economy etc.... The author of the essay comments on the concepts of micro economics and macro economics.... To be precise, the author provides the idea of Samuelson, who states that economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people....

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Utility in the Context of Microeconomics

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economics is probably one of the most interesting fields in social science.... These factors make economics a more interesting field to study.... Although it is considered as a social science, many people and scholars cannot help but label the field of economics as “trying hard” to belong to the exact sciences because it tries to quantify factors and variables that may not seem to be quantifiable at all.... However, not everyone has that notion that economics is trying hard to belong to the exact sciences....

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Economic Development and Growth

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The most common challenge in economics is to explain the nature and cause of economic development.... Literature Review on Economic Development and Growth The most common challenge in economics is to explain the nature and cause ofeconomic development.... In this research, the questions have been addressed by different experts from the overall field of economics.... The challenge for development economics, which is an extensive field, is that the Ricardian theory has proved to be untrustworthy guide to policy....

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Macroeconomic Theories

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According to Keynes and his followers, the supply side economics of the classical theory is an obsolete concept (Coddington, pp.... Milton and his fellow economists were the ones who initially agreed with the Keynesian ideas against the classical economics and then strongly criticized it on its drawbacks and shortcomings.... Neoclassical economics ... more disputed and uncertain form of economics is the neo classical economics, which believes that macro economic problems of employment, output, inflation etc have their solution roots in micro economic theories....

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Supply and Demand

3 pages (750 words) , Download 2 , Term Paper

Supply side economics is a branch of macroeconomics which asserts that economic growth may be most adequately developed by lessening barriers for individuals to produce services and goods, for example, lessening capital gains tax rates and income tax, and by permitting enhanced flexibility by lessening regulation.... Consistent with supply side economics, customers will benefit from a significant supply of services and goods at decreased prices.... The Laffer curve symbolizes a principle of supply side economics that government tax revenues from a specified tax are identical at100% tax rates as at the 0% tax rate correspondingly....

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The Political Consequences of the Green Approach

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This essay "The Political Consequences of the Green Approach" discusses green economics that is all about how the economy is dependent on its natural surroundings.... The non-human things such as plants, the atmosphere, and the earth sciences also have a direct relation to economics.... The earth sciences also have a direct relation to economics and are affected by economic deals and should be regarded as stakeholders.... Green economics believes that everything which exists on the Earth has a connection with the rest of the species or nature....

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Nutrition (any title that you will choose

4 pages (1000 words) , Download 3 , Essay

Theoretically, nutrition economics involves evaluation of a population's nutritional patterns and responding to nutritional outcomes in mitigating economic costs associated with lifestyle diseases.... This explains why economists within federal and state institutions of governance are constantly engaged in assessment and It is undeniable that the government cares substantially about public nutrition and economics related to this aspect.... This essay seeks to examine the relationship between nutrition and economics, especially from a governmental perspective....

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Personal Statement

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I have found that the structured learning atmosphere at this college Studying economics and Finance at is a very exciting prospect for me.... My major subjects include accounting, statistics and economics.... I feel that the instructors have done an excellent job preparing me for more in-depth study of economics and Finance.... I especially feel that my information technology class has been helpful in showing me the possibilities for using technology to apply my knowledge of economics and Finance....

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Holding up general motors Issues in the fisher body case study

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The paper will conduct a literature search and review that is related to a case study in transaction cost economics.... Focus will be upon General Motors and the Fisher Body Company, during the 1920s, in regard to the pertinent economics of organizations.... ISSUES IN THE FISHER BODY CASE STUDY by Introduction In the field of economics, transaction costs also known as frictional costs, regard the overall expenditure/ expenses incurred by firm-entities or enterprises during an economic exchange of goods and services....

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Personal Statement for apply master degree

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economics is considered to value the corporate performance in terms of financial gains a person brings to the company (Porter, 1987).... To me economics is one intriguing subject which opens up the gates for a number of finance oriented careers starting from financial services to banking.... Just mastering accountancy and economics will enable a person to choose from a plethora of finance oriented vocation choices.... Graduating in accountancy and economics gives a person the basic idea about the core financial practices within a very short time....

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Buchanan and Gordon Tullock: Economic Theories

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This together with 'The economics of Democracy', a book by Anthony Down, gave birth to the field of public choice.... To push this ideology farther, he published a journal- Constitutional economics ('James M.... Buchanan also believed that welfare economics is skewed as costs are subjective.... He pointed this out in an unusually ardent economics book- Costs and Choice.... According to Buchanan, decision-making in economics involves selecting among alternatives; and costs can surely be recognized as personal and subjective assessments of the corollary of cost....

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GDP as a Good Indicator of the Economic Health

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"GDP as a Good Indicator of the Economic Health" paper argues that the GDP of any country is the money values worth of all the goods and services produced within the economy in a given fiscal year.... This unfortunately is not a true representation of the quality of life that is prevalent in an economy....

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Critical Appraisal

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Hypothesis 1: Increases in economics education will be associated with increasingly greedy action and decreasing concerns for fairness.... rom a pragmatic standpoint, this hypothesis is succinct and efficient in measuring the two elements (increasing greedy behavior and decreasing concern for fairness), as they relate to economics education.... Theoretically, it makes sense to associate economics education with greedy actions.... Hypothesis 2: Increases in economics education will be associated with increasingly positive perceptions of greed....

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The Main Monetary and Fiscal Policy Instruments Available to the British Government

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Offer attractive schemes to firms for increased production and investment (economics Online, “Fiscal Policy,” par.... Automatic policy helps in stabilizing the economy by fiscal drag and fiscal boost (economics Online par.... Progressive direct taxes are charged on a percentage of income, which diminishes the rate at which income increases at national level (economics Online, “Fiscal Policy,” par.... It means when recession brings down the income level, its impact is minimised by imposing taxes such a way that flow of income is obstructed to the desired limit after taxes are deducted (economics Online, “Fiscal Policy,” par....

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The international finance structure and the IPE of international Debt

5 pages (1250 words) , Download 2 , Essay

As has been previously discussed and understood within preceding chapters of the text in question, the concept of economic distribution and state power is termed as international political economics (IPE).... Accordingly, chapters 7 and 8 within the text discuss the way in which international political economics helps to determine the growth and development of a given nation, and delineate the power that supranational organizations and entities have with respect to setting the tone for the way in which these interactions will take place, debt will be administered, collected, and the currency mechanisms that would be employed....

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Industrialization of Agriculture

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The article also explains how the industrialization of agriculture relates to economics and the impacts it has on the economy.... Problems Of economics, 19(7), 77.... American Journal Of Agricultural economics, 75(5), 1132.... A large portion of the article is also spent on the way economics relates to agriculture and the cooperation of farming.... Environmental economics And Policy Studies, 8(4), 315-336.... American Journal Of Agricultural economics, 75(5), 1137....

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Evolution of Macroeconomics as a schience: Events and Ideas

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This paper explores the classical economics and its failures that led to the development of new macroeconomic thoughts following the Great Recession.... Quite recently, Keynesian economics also began to exhibit flaws and this led to the development of other school of thoughts.... The failure of classical economics to explain and provide solutions to the effects of the Great Recession of 1930s led to the birth of numerous economic thoughts aimed at providing answers to economic questions emanating from the underlying problems....

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Applied Economic Principles

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Many people think about economics as the study of money or purchasing.... 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.... One of Mankiw's economic principles is that 'Markets Are Usually a Good Way to Organize Economic Activity' ('Principles of economics').... nother important consideration is Mankiw's principle that 'People Respond to Incentives' ('Principles of economics')....

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Chicago School Paper

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This paper ''Chicago School Paper'' tells that Thorstein Veblen was an economics professor who was based in the US.... Many of the essential writings he did on economics were done in the early 1900s.... His perspective did not encompass a limited version of economics.... Chicago School Paper Thorstein Veblen was an economics who was based in the US.... Many of the important writings that he did on the subject of economics were done in the early period of 1900s....

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What is Homo Economicus

13 pages (3250 words) , Download 2 , Research Paper

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o further our discussion on the above term we also need to understand the basic economics and how it plays an important role in our daily life.... We are all well aware that “economics is the study of how people choose to use resources”.... To sum up, the study of economics refers to employment, production, investments, property, tax and revenue. ... he two basic terms are Micro and Macro economics and in this field they play a very important role as they cover the whole scope of economics....

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A basic outline of economic considerations that come to play in construction management

10 pages (2500 words) , Download 2 , Essay

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In this brief report, a basic outline of economic considerations that come to play in construction management will be weighed, including essential concerns of economic theory, general implications of market functions, and industry-specific applications.... .... ... ... Throughout the report, an attempt will be made to define the economic concerns of construction and engineering management in such a way that proactive steps can be outlined for UK construction management stakeholders to successfully navigate the difficult economic environment of modern construction management....

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Trends, Issues and Community

13 pages (3711 words) , Download 2 , Essay

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eynesian and Neoclassical Approaches to economics 2 ... Thus, government policies are now forcing individual citizens to take on far more responsibility in nearly everything, ranging from welfare, education to health despite a certain lack of satisfaction with this approach from the citizens (Centre for Policy Development, 2008, “Real World economics”).... eynesian and Neoclassical Approaches to economics ... lassical economics was developed by Adam Smith, David Ricardo, Thomas Robert Malthus, John Stuart Mill and Carl Marx and a general consensus had emerged about classical economics by the middle of the nineteenth century (Weintraub, 2002, “Neoclassical economics”)....

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Business and Econ Major Area

6 pages (1543 words) , Download 0 , Admission/Application Essay

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I live in California state and studying as a junior in one of the community colleges majoring in business economics.... I intend to major in the field of business economics most probably in Business and Econ major area.... This implies that I am interested to do a course that is in line with economics.... I have now decided to continue with my studies in the field of economics so that I can gain some understanding of some of the economic policies and business knowledge to manage my late father's company....

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The Autobiography of Amartya Sen

6 pages (1617 words) , Download 2 , Term Paper

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He is widely regarded as the Mother Teresa of economics because of his contributions to the poor.... Lamont University as the Professor of economics and at Harvard University as the Professor of Philosophy.... He got theNobel Prize in Economic Sciences in 1998 for his contributions to economics in general and welfare economics in particular.... He is widely regarded as the Mother Teresa of economics because of his contributions to the poor....

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An Evaluation of the Intellectual Contributions

8 pages (2000 words) , Download 2 , Case Study

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Williams' contributions to politics, culture, the mass media, cultural studies and the cultural materialist approach, and literature as well as Sen's works in welfare economics, social choice theory, economic growth, economic development and social topics helped the modern man tremendously in his understanding of the contemporary society.... Amartya Kumar Sen, (1933- ), the most important figure in the fields of welfare economics, social choice theory, economic growth and economic development for over three decades, hails from India and he was awarded the Nobel Prize in economics in 1998 for his ground-breaking work on development issues....

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Microeconomics and Various Model of Market Structure

5 pages (1277 words) , Download 0 , Essay

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economics is divided into two broad categories, microeconomics and macroeconomics (economics & Business economics).... Microeconomics deal with economics at a micro level while macroeconomics in a detailed analysis of economics of nations.... rugman says that economics is about the ordinary business people engage in every day.... The coordination that makes the New Jersey City with the set of shopping malls which are full of products and customers is what economics entails....

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Human Development in Poor Countries

15 pages (3750 words) , Download 2 , Dissertation

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The area of the economic growth is generally well-known from growth economics.... The research paper 'Human Development in Poor Countries' analyzes the rate of growth, which is defined as the percentage variation during the period (a period is normally considered as the year).... Negative growth rates merely indicate percentage reductions....

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The Theory of Value

10 pages (2500 words) , Download 3 , Term Paper

The Theory of Value Name of Course Your Name Your University Introduction This paper examines the evolution of the theory of value and how it developed to enhance the application and teaching of economics.... The research begins with the earliest theories of economics and the theory of value and distribution put forward by the earliest thinkers like Adam Smith and David Ricardo.... The second part of the research examines shift from Classical economics to other newer theories in the late 1800s....

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Personal Statement

4 pages (1000 words) , Download 2 , Essay

I hope to study economics at a United States university.... The fundamental reason behind my ambition to study economics is that this discipline plays an integral role in our daily lives; indeed, I believe it is the central thorough-put in understanding human behavior and existence.... As a member of the economics Club, I discussed many pertinent issues related to global economics.... As an economics student, I appreciate the Keynesian perspective to a market crisis....

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William Baumol: A Famous Economist

5 pages (1458 words) , Download 0 , Essay

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In the field of economics, he has made many contributions.... In the field of economics, he has made many contributions.... In the field of economics, he has made many contributions.... He has also done a deep research on the topic of environmental economics.... Different new researchers in the field of economics use all of his research publications.... In order to give respect to all his contributions in the field of economics, he was nominated for the award of Nobel Prize in the year 2003 (Griffiths 2)....

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The Trends in the Performance of the Monetary Sector

2 pages (593 words) , Download 0 , Annotated Bibliography

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The paper "The Trends in the Performance of the Monetary Sector" highlights that economics is a social phenomenon that is responsible for capitalism, division of labor, capital acquaintance, as well as sector performance in the monetary system of any economy.... Generally, economics studies began in the early ages of industrialization in Europe, and the intention was to explain as well as provide economic solutions to the trends in the performance of the monetary sector....

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UC Application Notes

4 pages (1006 words) , Download 2 , Admission/Application Essay

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The paper "UC Application Notes " states that the author plans to put the intense focus and attention until he gets what he wants: to learn as much as he could about economics or Business economics so that he could help many people succeed, get rich, and hopefully, be happy.... Generally, I intend to major in economics or Business economics because it would give me a deeper knowledge of the business world's social, human, and economic dimensions....

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Essays on economics