Macro & Microeconomics Essays

China has realized the importance of financial sector reforms in boosting growth. PBOC was split into 4 banks, all catering to different areas of economic development (i.e. foreign trade and investment, capital investments in manufacturing, agriculture and commercial transactions) and entirely owned by the state.

The news article refers to the global economic slowdown (Economic cycle), extra harvest (Supply), change in consumers’ drinking habits (Demand) and the strength of Australian dollar (Currency). All these factors are components that can be used in the Aggregate

The author states that the most valuable investment most American families own is their home. The housing bubble of 2008 caused many Americans to lose thousands of dollars in equity value. The housing market used to be so good that many Americans bought a second property for investment purposes.

The two different connections are used to measure the performance of the economy, and any improvements or losses that have been incurred. Therefore, the use of the classical theory of the IS–LM curves would be used to measure the performance of an

The changes in the price level of goods and services purchased by the households are measured by Consumer Price Index (CPI). The CPI can be calculated as the ratio of updated cost and price of the base period multiplied by 100. The article takes into consideration the continuous joblessness prevailing in the country and the benign presence of inflation.

Considering the case under study, two groups of the four firms are classified to be operating in two different market structures in the paper. The two market structures, that is the perfectly competitive market and the monopoly market. These are the firms under competitive market structure and their details.

Generally, it is essential to state that the United States of America's $787 billion stimulus package is a ten years master plan to jump-start the otherwise stagnant economy. The injection of these billions of dollars in the economy is definitely going to have an effect on aggregate demand and supply.

There is a problem between the expansion of roads and transportation systems and the need to protect the environment which is also an important economic aspect. However, this can be solved by the proposed Brentwood intermodal transportation where products will be transported to a central position by rail and small trucks redistribute them. 

For example, if a company like Google develops a new software and it does not obtain a patent for it, other companies may exploit Google by selling the software and profiting from it. In this case, Google will lose

The main marketers created illiquidity in the market. Market regulations had no instant attempts, which mainly made the market weak for some time. 2. The main cause flash crash was a decline

The number of temporary workers has increased considerably in the past year. This category has been forgotten by successive policies in successive governments because the government seems to view part-time work as full-time work (International Labor Organization 19). The logic is that work is work, whether permanent or temporary. 

However, at this price, the total market demand is 15 gallons per day. There would be a market shortage of 15-12 = 3 gallons per day. The fourth of July fireworks might be considered a public good since no one can be

The aggregate demand of an economy can be stimulated by devising a favourable monetary policy (Carbaugh, 2013).  If the economy is in a state of recession then the Central Bank of the country tends to follow an expansionary monetary policy to boost the aggregate demand and stimulate economic growth.

The laws include imprisoning, arresting the law violators, confiscating the property of offenders who are convicted, imposing travel restrictions on offenders and conducting household searches for members

According to the essay, SMEs have become serious victims of jeopardy of late, due to various unfavourable factors making it difficult for them to sustain their existence. In order to eradicate such vulnerability, a number of practices like supportive tax reforms, financial aids, agreements with creditors and banks have been embraced by government.

Opportunity cost is one of the topics in microeconomics that focuses on situations whereby investors have to make important decisions regarding allocation of the available resources. Government taxes and levies have been highlighted as some of the factors that lead to scarcity of resources portrayed in the paper as a major constraint.

With the vast variety of markets existing in the world, there is a lot of competition for those marketers who try promoting new products thereby giving the world the concept of an emerging market. Markets are determined by their extent and demand. The extent of a market may be defined by geographical boundaries or by the cost involved in transporting the goods to far-reaching areas. 

With the help IMF, we need to better regulate the world's financial system and avoid a repeat of the global credit crisis, with uniformed global financial regulations and joint surveillance of international financial markets. Industrialized nations should learn from the East on ways to tighten rules in the US and Europe.  

The introduction of GATT in 1947 has been considered as a necessary initiative in order to control the turbulences in the global market. Indeed, because of severe disputes on various international trade agreements, the development of trade within the international community faced severe delays. GATT was thought as an appropriate solution.

As the quantity of crude oil produced becomes less in comparison to what is demanded, then the law of demand acts in a manner that prices shoot up. Due to the high levels of crude oil demanded, producers raise their levels of production so as to maximize the returns being derived from the sales of crude oil. Below is a graphical illustration of the behavior of demand and supply.

The most common types of impure public goods include the local public goods. This implies that all those public goods which could be openly accessed by

Spillover effect is referred to the decrease in the wages of the non-union company. Generally after any organization increase wages then simultaneous they used to reduce the number of employees to maintain the balance in the profitability.

For instance in the year 1952, during the eve of the 1st 5-year-plan at the Mainland and the 1st 4-year plan in Taiwan, the capita incomes of both economies were quite close, Taiwan had $50 and Mainland had $46.However by 1980s, Taiwan’s per capita

Furthermore, I believe a major in economics will offer me a wide range of expertise in the business and social world. I am a Chinese and have been brought up in different societies. First, I went to middle school in China and thereafter, attended high

Since smartphones are elastic products that could be had by a substitute and an alternative product/s, demand tend can either increase or decrease as influenced by competition, price and technology. In the case of

Is smart urbanism therefore an array of positive synergy as it appears? What are the economic problems associated with the emergence and existence of smart cities? In the current advocacy of neoliberal governance chaperoned by financial institutions such as the World Bank, cities have turned out to be propellers of regional and global development.

The depression of an economy is one of the direct repercussions of the scenario and the destruction of buildings and pollution of air are bombing outcomes classified as material and environmental impacts respectively. The mentioned repercussions exceed the society’s limit to cope utilizing its own resources.

contributes to unemployment because individuals who live on housing benefits opt to live that way as compared to doing short term jobs that will result in the termination of these benefits (Hobson, 2011). This reason explains why London has the highest average unemployment rates

An aging population has significant effects on the performance of the economy that will be discussed below. Immigrants to Canada are a usual occurrence. More and more immigrants are coming into the country for various reasons. The reasons

The conclusion from this study states that taking measures to limit imported food and inspect greater percentages of it will increase our odds of emerging through an era of globalization and terrorism as a country intact, still confident in our identity of self-reliance forged with such high sacrifice by our pilgrim and pioneer Americans.

A very well industrialized as well as constantly stable economic segment along with an open worldwide business system are the two major mechanisms of affluent financial systems. The role of the World Trade Organization along with the association of the element of finance is in all probability even less palpable.  

Observing that the Markowitz model fails to account for risk, simultaneous although separate studies by Jack Treynor (1961), William Sharpe (1964), John Lintner (1965), and Jan Mossin (1966) arrived at what eventually became known as the Capital Asset Pricing Model, or the CAPM (Elsas, El-Shaer & Theissen, 2003)

It is important to determine whether economic statements made are based on evidence, whether they are objective or whether they are based on mere value judgment. The positive economic analysis encompasses such economic statements, and /or theories that can actually be tested and therefore become empirically proven (Mukherjee 29).

That notwithstanding, there has tremendous resilience as the management concerned has upped its strategies and skills to approach the industry with gusto and counteract the uncertainties. There ought to be a clear comprehension to retain profitability as the economy is recuperating from a global depression.

The paper describes the issues most relevant for the decision on the monetary and exchange rate framework to be adopted in Iceland after the conclusion of the Government-IMF program. It is essential to consider the alternatives available considering the reasons that the monetary policy regime adopted earlier in the decade has not proved sufficiently successful.

Examples of impure public goods are highway system, aerial pesticide spraying, parks, streets, and airports. This paper aims at discussing the incentives to conserve biodiversity in the context of an impure public good. Impure goods have some externalities due to

assical theories of economic development widely promoted the idea that both capital and labor were affected by ‘diminishing returns,’ which implies that the insertion of additional capital or labor to the system produced increasingly reduced growth in output (Becker(b) 57).

This paper was designed to study the correlation between Gross Domestic Product and variables that have been realized to influence its rate. The factors include a happy index, crime rate, corruption, income, and if the country is developed or developing. Given this study, its results will verify that the dominance of some factors is likely to boost GD while others also end up having a negative impact on it.

Pepsi later introduced a marketing campaign titled “Pepsi Generation” aimed at targeting young people. This narrowed Coke’s lead by a margin of 2 to 1. Additionally, it worked together with its bottlers to help it modernize its plants as well as improve the delivery services by its stores. In 1970, Pepsi bottlers had attained a larger market share than Coke.

It is essential to state that based on the game theory, the player's actions in the game matrix showcase situations where the Nash Equilibrium is attained. Nash Equilibrium shows the cases where players maximize their best chances to ensure their opponents do not get better chances of winning the game.

I am pleased to engage you on the plunging oil prices as discussed in the Wall Street Journal. Indeed, I write this letter in support of the need to address the collapsing oil prices in the U.S. (Zumbrun 1). The recent oil plunge has led to significant economic effects that include loss of employment.

In the past, teenagers would work for extremely low payments probably because of the kind of work that they did back then such as simple office assistance. They also did not have a high financial burden. Working under these low wages was never a serious concern. However, the trend has changed and the economic system of today can hardly sustain one if they still sweat for such megre compensation.

The trend occurring apparently is more capital cities and regions have positioned themselves as knowledge hubs for the particular sector. This positioning is driven by having the knowledge of the growth sectors of the global economy and ensuring the right infrastructure, backing and facilities are in place.

A repeat of a similar scenario will obviously bring sad memories to different people. However, some analysts believe that regulation can help prevent a similar situation from occurring in the future. As such, this

Turkey established a transition of the program of a healthy economy and moved to a session of macroeconomic stability, which has enabled the stability of her money back to a stable state (Parlar, 2014). For Greece, it has some ongoing debt crisis, which was triggered by struggles of the Great Recession.

Japan is included in one of the developed nations of the world. It is a country that is strong and stable as it is one of the few first countries to pull itself out of the economic recession that the world sank in to. This essay will explain the reasons for the economic development and cover all the aspects encompassing this economic progress.

According to Frisch (9), inflation is the continuous increase in prices or the continuous decrease in the purchasing power of money. In general, the increase in prices of the product and services should persist for a given period of time. However, in economics inflation has broader meaning (Frisch 9).

The paper though had been a wholesome one with ample research being conducted; it could have been enhanced had there been empirical evidence in support of the same. Empirical evidence in the present case implies the extent to which the banks had participated as institutional investors for the companies in the two nations. 

Conclusively, it is imperative to note that while it is a fact that globalization and its agents are diluting the traditional roles of various National Governments across the world, the roles and gains with free trade is enormous through the agents of globalization and governments as ‘intermediaries’. It is also true however that globalization especially with its trade tenet is not a level playing field.

The major economic problems that have affected the Spanish economy are low GDP growth and a high rate of unemployment. The interest rates on Spain’s debt are rising significantly, and in order to control government borrowing, the EU is insisting on an austerity plan which will force Spain to cut its government spending.