Macro & Microeconomics Essays

Several development agencies in international lending institutions have over the years emphasized on poverty eradication as a means of economic empowerment especially in middle income countries. This is well demonstrated by the components of the Millennium Development Goals (MDGs).

Consequently, an increase in consumer’s purchasing ability indicates positive economic growth. The sale increase also indicates a decrease in unemployment. This is because the housing industry is

The two most commonly used styles of leadership in France include transformational and charismatic leadership styles. As much as at times equated to transformational leadership style, charismatic involves an attribution element on the part of followers as they imagine a leader sacrificing and incurring costs while trying to accomplish the championed vision

This has introduced me to the production possibilities model that helps in understanding resource allocation in the economy. Thirdly, I am familiar with the dynamics of demand and supply, including the demand and supply curves

This recession became a recipe for the 1992 UK crisis. Before joining the ERM, UK should have considered domestic interest rates and their relationship to inflationary pressures in the economy. In essence, preventing the ERM would have required

Taxation in the United Kingdom is quite an interesting idea that deals with economics. It involves the payment of citizens to the government in the country which is the central government and the local government. In such a country that has two governments, the citizens are taxed a lot of money for taxation.

The scenario can be best described in the following quote “…much of the proceeds of drug trafficking, human smuggling, and other criminal activities, which are often settled in cash, are not included in these

The policy will increase military personnel and federal worker’s salaries and that will the raise in a record three years. It will shield some military spouses

As can be expected, war is expensive.  This is true today, but it was also true during the early days of America, perhaps even more so.  The Revolutionary War, by its very nature, left America nearly penniless. In fact, what money the nation did have, it owed to others.  Most states at the time have various forms of debt, each in its own currency. 

Similarly if he spends his entire budget on food then he will be able to consume 0 unit of water and 4 unit of food. The table below shows that how the consumer is able to allocate his budget on food and water.

They are portrayed to use the real product like in the case a student who reads effectively using the glasses. It is quiet ironical that the glasses can provide a glance at opaque objects. 2. Do shortages caused by rent controls tend to be

Perfect competition is a market structure that occurs when there are numerous firms that compete against each other. Firms in this market structure manufacture the socially optimal level of output at the minimum possible per unit cost. A monopoly is a market structure that has no competition because there is only one firm in the industry.

China is referred to as the ‘production hub’ across the world due to its self-sustaining economy driven by an effective trade balance. The GDP of China has experienced a gradual increase averaging up to 10% annually a situation that has subsequently lifted the poverty levels of over half a million Chinese citizens.

Quicker protocols and processes led to the decrease of transaction costs over time. Before the electronic payment system, commercial law required both ends of a transaction to deal with each other individually by transferring cash or assets physically (Mastrianna,

Australia is one of the most important global wheat producers. The country is able to produce almost twice as much for export compared to its domestic demand for the commodity. The crop value contributes to a sizeable fraction of the entire GDP. And wheat makes a significant contribution to the economic setup of the country.

The progress of any economy is measured by the amount of the foreign direct investment (FDI) that it both receives and places abroad. Of the current transition economies, Brazil comes second only to China as the world’s largest holder of foreign direct investment with a stockpile of $30.8 billion as of 2000.

Spin Free Economics written by economist Nariman Behravesh is a try of a centrist thinker to place currently politically-charged debates in economic policy within a reasonable, middle-ground context. The book's commercial appeal is the desire to see politicians, who engage in bombastic rhetoric, and finally, agree on a solution that benefits society.

When the business owner has a monopolistic right over his business, the business owner has the advantage to increase the market price of goods and services they are selling (Blinder, Baumol, and Gale: 212; Binger and Hoffman: 391). However, monopoly is often characterized by a demand curve that is slowing downwards (Mankiw).

ons performed reveal that even if a company is operating at a loss, it is important that it study its fixed and variable costs first because it will be an essential factor in deciding whether to stop operations. The company must look into its costs and see whether some items

To shield it even further against criticism, this book was published at a period of unprecedented economic growth. Why change a winning horse? Many would rightly question.American psycho makes a compelling case against such growth built on the back of massive consumption. Corporations seek to be in control of the consumer’s critical faculties using tasty commercials and illusory packaging.

The company is the largest single brand restaurant. The interest underlying selection of the company is in spite of being a single brand restaurant chain; the company has succeeded to expand globally. To

Where the household survey data has a more expansive scope and provides estimates for demographic groups, the establishment survey data has a bigger sample size and thus a smaller margin of

In case a consumer has a preference for perfect substitutes to less, the preference satisfies the diminishing rate of substitution (Andrea, M., Whinstone, M., and Jerry, G., 2005). Optimal consumption bundle for a condition where gross interest rate (1+r) is greater than the marginal rate of substitution, there is an increase in consumption.

The author explains that the free economy occupies the other end of the spectrum; the direct opposite of the planned or controlled economy. Here the economy is based on the division of labor. The prices of goods and services are set by the interaction of the market forces of demand and supply.

Cardiovascular diseases and obesity are among the key lifestyle complications that are facing the country. Canada looses up to $9 billion every year because of the obese effect. Such a big sum of money arises from both the direct and indirect costs in the health care

Based on available research, it has proved financial incentives play a role in the motivation of employees (Beer, and Cannon 3). In addition, the article notes the ineffectiveness of traditional payment methods. It has been noted to make an organization less hierarchical and more competitive (Beer, and Cannon 4). 

The Uncles idea is very fine as it would diversify his income base of the coming day’s but there is other economic possibilities provided by the feds which would affect the demand and supply of the uncle’s properties. Through collection

Decision-making relates to making a choice when faced with alternatives. Consequently, normative economics, which makes a distinction between good and bad, indicates that economics serves as a science of decision-making. The following discussion strengthens the hypothesis that economics is essentially the science of decision-making.

Put in different words, externalities refer to situations when third parties to transactions experience the side effects either positively or negatively. Understanding the differences between the two kinds of possible externalities as well as the role of government in addressing these conditions is very important in economics.

The Bible contains a lot of information about economics because it was meant to govern and guide people according to God’s will. It defines wealth as the ability to have material resources that bring satisfaction to people. People use such resources in enjoying monopoly power. Throughout the Luke Acts chapters, people show great support to the Roman Empire and join in fighting Jesus and his followers.

This implies that trade functions in the direction of reducing absolute poverty by enhancing economic growth and not advancing inequality. However, the benefits that come from openness do not benefit the poor since they are ripped by the

The government has further formed the National Development Plan that has been set to achieve and help reduce inequality in resources distribution and eliminate poverty come the year 2030. Owing also to the new trade agreement of the BRICS the real GDP is expected to be good as trade amongst these countries has improved, with South Africa taking a share in all of this for the African continent.

The two schools of thought takes various approach to the economic research on the monetary policy, government spending, and consumer behavior. Classical school of thought is

Mining is controlled forces that are beyond the economic realm, hence its inelastic nature. For instance, prices of crude oil have insignificant effect on demand due to

This can however be inferred from the article’s title, read together with its abstract, methodology, results and conclusion. The inferred research question would be, ‘does Collective Bargaining Agreement that was signed in 1993 have significant effect

Economic development and entrepreneurship over the past many decades have provided proof that every great step begins with ideas. People have made a great impact on themselves and the populaces around them with simple ideas that they were to make possible through the help of others. Ideas have led to innovations by people who had no resources because they have been able to acquire loans.

Of late, the United States economy has faced many problems. This is because the United States economy has not recovered fully from the fiscal crisis in 2009 (Gliksberg, 2013). This fiscal

Generally, an increase in population is one of the major challenges being faced in the world today. This issue comes along with problems such as; inflation, unemployment, the balance of payment problem as well a lack of growth. In many countries today, the majority of unemployed people are the youth. These pose great dangers not only to the economy but also to the social and political world. 

Currently, the economic issue that is of great interest to the Wall Street readers is the Wall Street Greed which analysts believe could degenerate into a bigger financial crisis similar to the 1980s financial crisis. The 1980s economic crisis involved banks undertaking to trade for their own account with little regard to the larger economy.

Market demand for any good is determined by adding up individual demands and perspectives of the customers. A greater number of customers for a particular good indicates greater market demand for it. Thus, if the number of households in the United Kingdom increases, the number of consumers for Television Sets will also increase.

High-cost economies have a big tertiary sector and most of the labor force in the economies are engaged in service industries. The large tertiary in the high economy is important in business as they are able to aid the sales and production of goods and services of a business. Large tertiary sector provides adequate services to a business enabling production.

The economic slowdown in China would affect emerging economies thus warning that global economy would weaken since China has been a major contributor to the recent random economic growth, therefore, the slowdown will affect other emerging economies who rely on China for cheap their imports and grants.

The financial situation of not only our country but the world as a whole is leaving people from across the globe, from Kandahar to Karachi anxious about how we shall overcome this financial calamity. While President-elect Obama and his incoming administration has big plans on how to jump-start our economy, one must only look to our past to see a situation that was similar to ours presently. It wasn’t but 50 years ago that America was engulfed in the “Great Depression”. 

The business cycle and the circular flow of income in the markets has been an essential element of economies for years. An economy runs based on the funds that are available in the markets at all times.

The economic performance of the UK’s economy during last 2 years is considered as not impressive as the forecasts for economic growth are indicating the economy will grow at really sluggish rate.

The second trap given is a misuse of resource wealth. This is quite ironic since a country has some source of wealth and the government becomes corrupt. Also, the government would not rely on taxation as a source of revenue and become complacent in doing its duty of securing the fiscal administration since they can depend on such wealth.

d as the basis through which HP can aggravate its current as well as past sustainability and methods that can convert its shortcomings into its strengths have been discussed underneath as follows. Two core aspects of HP could be identified from the past which needs to be

With a lot of controversies surrounding the companies, two groups of people arose based on their views of monopoly significance to the society. On one side are the protagonists who believe that monopoly companies are beneficial as they benefit the society greatly. Whereas the antagonists believe that monopoly is wrong since it does not benefit the society greatly as per their anticipations.

ternational structure works in part due to the setting up of World Trade Organization (WTO) that issues policies and governs trade relations among the nations in the world today. The WTO is the final arbiter in trade disputes and formulates ways and means to reduce trade

In most cases, the supply and demand in every market give the prevailing market price. More considerably, the forces of demand and supply do not always remain stable at the equilibrium level therefore; price levels do not remain constant. In this case, when the demand for oil goes up in the market there will be a deficit in oil supply in the market thus, the price levels will increase to a higher price level.