Macro & Microeconomics Essays

Due consideration has been given to macroeconomic policies, inflation trends, exchange rates and political lobbying that might have deep impacts on corporate economies. Greater focus has been laid on the US, UK and Eurozone economies. However due consideration has been accorded to West Asian, Indian, African and other developing economies.

The American economy after the civil war was showing tremendous progress with proportionate increase in its population during the three decades between 1870 and 1900. Gross Domestic Product of the country touched an envious growth level during that period with historic achievements in almost all economic ventures.

In perfect competition, there is fierce competition among the firms. Consumers benefit directly from it. Due to the immense competition, there is the best allocation of resources. Consumers stand to gain the most in a perfect competitive structure. No firm is in a position to influence the price. Therefore, there are fewer chances of price manipulation.

The author of the paper states that rice is one of the major agricultural commodities. The basic assumption of this study is that rice would be high on the list of priorities for Singaporean firms engaged in or entering the export trade because it is in demand as part of the staple diet of many countries.

The fallout of criticism of Mercantilism by Adam Smith the belief began to fade and by the late 18th century, most nations began adopting the theories put forth by him and other classical economists. Beginning with British Empire and followed to a lesser degree by European nations Mercantilist theories were replaced by Free Market Economies.

Gross Domestic Product is a measure of the level of income yielded by an economy over a stipulated period – generally, this time period varies between one quarter and a complete year. It is actually an estimation of the size of the market underlying the economy on the basis of goods and services sold in it through the specific time span.

The development of commercial activities around the world is depended on a series of factors. Most commonly, the political and financial conditions in the targeted markets are of critical importance for a firm’s managers – when the latter has to design and apply the firm’s strategic plans regarding its expansion within the international market.

In order to develop a country, it is essential that the social variables also experience improvement. The growth objectives taken for MENA countries are not just trade oriented as it also focused on sectors like education and health. This shows that the IMF and World Bank have taken appropriate steps to improve the economic status of these countries.

Transport, education, work and pensions, culture, law and environment officials are the first to experience the effects of reduced government spending. Excessive government spending is believed to negatively influence economic growth incentives and labor productivity; simultaneously, government spending is needed to support the most problematic economic sectors, including welfare, and health.

The measures are good in essence as they accord potentials for improving access to increasing welfare and economic benefits to the population and the nation. It is pertinent that a closer evaluation of current immigration policies is undertaken to pinpoint the weaknesses and flaws that continue to encourage illegal immigrants in the American soil. 

The southward fall of the US stock markets have to be really plugged, which could make things better for the US economy, since it would revitalize the whole beaten economy and at the same time bring back the foreign investors who have been closely watching the state of affairs of the US stock markets and the US economy in general.

Nobel laureate Paul Krugman who predicted a series of depression in his book Return to Depression Economics has compared the magnitude of this recession with the Great Depression of the forties. Termed as the Great Recession, it affected the lives of millions of people around the world and saw the fall of several financial institutions.

The European System of Central Banks (ESCB) constitutes all national central banks of member states and the European Central Bank (ECB), which was incepted in 1 June 1998. All these have embraced a single currency, the euro, forming what is commonly known as the Eurosystem. ESCB plays a central role in strengthening price steadiness within the financial block.

One of the most important issues is pensions because they are affected by the changes that take place in the demographical growth of the population, funding pressures changed work patterns or mortality projections. We are going to see that in the not too distant future there will no longer be any such thing as a ‘’normal retirement date’’.

The chapter contains the examination of the Nigerian banking sector with regard to the provision and quality of online banking services. This examination enables highlighting the factors behind the failure/success of online banking in Nigeria. In order to conduct this examination, the secondary research findings are used along with the views.

Many economists now believe that the current global economic crisis is the worst in History after the great depression of the 1930s. Quite understandably, not only it has affected people all around the world but it has also created a widespread debate about the current social and economic system, its compatibility, sustainability, and fitness.

The modern tax system of the United Kingdom also lays focus on reducing the amount of corporation tax amounts for big and small enterprises. Again, in regards to Capital Gains Tax the government of the United Kingdom as highlighted by the Chancellor of Exchequer to collect more from the richer sections through increased rates. 

In general, Chinese economic growth has lessons for many other countries.  The capital investment is crucial and is necessary but not sufficient for growth.  The market-oriented reforms are crucial to harnessing these investments.  Together they can unleash productivity spurt, which would be sustainable.

Immigration also brought many challenges to the UAE. The major disadvantage of immigration is the demographic imbalances in UAE. The immigrant population is much more in number in UAE compared to locals. The immigrant population may have different culture and languages which may destroy the local language and culture and can constitute unrest. 

The recent global crisis of 2007 made the entire financial market topsy-turvy across the globe. However, it also unveiled some of the faulty and non-monitored banking practices prevailing in the financial sector which was actually the budding stage for this fiasco.

Generally, it is quite essential to state that basically, decreasing the interest rate may not encourage people to save their money in banks. Instead of saving money in the local banks, lowering the interest rate could only encourage more people to borrow money from banks for some investment purposes.

Generally, it is essential to state that financial reforms in the way of curtailing benefits of the existing rich for the betterment of the actually excluded can solve the problem. The present way to promote France as an invertor’s paradise at the paid tax of the common people is also not beyond criticism.

Argentina is the second-largest country in Latin America. It is surrounded by Paraguay, Bolivia, Brazil, Uruguay, and Chile. Its area of 2766890 Square Kilometer makes it the eighth largest nation of the world and with an estimated population of 40,913,584, it is the third-largest country in Latin America, while standing 30th in the world in terms of population.

It is very difficult to categorize types of unemployment as voluntary or otherwise without overlap. This has turned out to be true based on the fact that we have found at least a voluntary aspect in each of the types of unemployment albeit most of the types are more involuntary than they are voluntary.

While concluding, one can see from the findings that the economy has been performing well in the recent past. However, the global economic crisis of 2008 made the Irish economy fall sharply and it is very hard for the current government of Cowen to convince its citizens of the soundness of its policies.

The federal government of the United States is limited in its power to only those powers granted to it through the single document of the United States Constitution.  In spite of this, the federal government might be considered to have a surprisingly strong grasp on the ability of states to make their own laws and regulations.

The paper discusses whether the new members of the EU would enjoy more benefits or the existing 15 ones would do it better. The results of the enlargement depend on some scenario building, the conservative one with less optimism may lead to fewer risk premiums. Furthermore, the aggressive models may also lead to huge benefits for both the zones.

The first and foremost beneficiary of the stimulus package would be the communities. About $800 Million were allocated for various community infrastructure projects to help improve amenities like school buildings, parks, community areas, playgrounds, etc. Such a flow of funds naturally stimulates the construction industry.

During the period of mid nineteen nineties till 2007, the country had an exceptional run, with near perfect economic indicators. It was believed that an era of low-tax (Independent, 2004, “Low-tax policies created the Tiger”) coupled with the positive influence of globalization spurred the growth which many countries are now trying to replicate.

The fundamental underlying feature of economic rationalism is that it is both theoretical and practical, because the private sector, as claimed by the rationalists, is more efficient and productive than the state apparatus, while theoretical with regards to the belief that freedom for individuals should not be restricted.

Both marginal and absorption costing are important for organizations like Ball Dolbear Ltd. as it is very difficult to suggest any specific costing technique for a specific organization. However, the marginal costing technique is generally considered as the more preferable option as the statements are obtained from this technique. 

 It aims to deprive the common man who is willing to go the normal route do something different in order to satisfy his need. Corruption is blatantly observed in politics and in some institutions; where a number of people make wrong use of power and authority and hence accept things which are normally not meant for them, whilst being in their respective capacities.

The theory of Comparative Advantage was made official by the famous economist David Ricardo. The main idea of this theory is that it is most beneficial for the members of a society to specialize in what they do best. Specialization is practiced throughout the world by almost every country. It deals with excelling in a particular field and creating a competitive advantage in that field compared to the other countries and regions.

Most of the macroeconomists agree that the inflation level and employment level are the prime indicators of the performance of an economy. These variables provide a clear picture of the implementation of policies, and whether they are hitting the bull’s eye or not? Any economy would want inflation to be as low as possible and would like to achieve a high rate of employment.

Along with Keynesian economics, Neoclassical economics is one of the most vital forms of economics used by economists of the world today. Furthermore, neoclassical economics is widely used in the study of microeconomics.  Lately, Neoclassical economics have been subject to a variety of criticisms, especially from the schools of Keynesian economics and the Austrian school.

A result of this is that the OFT will have to step in and look at the effects of these larger companies as they control the market and if this will mean that the government will have to take action. The labor market becomes an important factor in the way that funds are used within the company budget as pricing control affects the number of employees and the rate of pay available.

It would be sound to suggest here that the world’s poorest countries need a beacon of hope in order to survive in the coming times. The international business domains must come ahead and perform their roles in such a way that the world’s poorest countries do not feel left out of the related equations.

Neoclassical economists often think about the classical theorists to be the initiators of neoclassical general competitive evaluation. Competition according to Adam Smith implies free competition. That is to say, everybody should take action according to his or her self-interests. There should be no obstacles to economic actions.  

Poor countries only exported primary commodities to their rich partners who further developed them into secondary products and sold them back to the poorer countries. Poor countries would thereby never earn enough from the exports to pay for the import which is why there will always be a capital shortage. Prebisch suggested that underdeveloped countries should embark.

The essay has demonstrated that a number of reforms were implemented in the post-1978 period that directly contributed to economic growth. While there was a myriad of reforms that were implemented, this research recognizes that in the post-1978 period China has increasingly moved increasingly towards privatization and a market economy.

In order to find a balance between unemployment and inflation levels due to their inverse relationship, economists or policymakers should focus on finding the balance between unemployment and inflation levels; the point where there is the natural rate of unemployment and tolerable level of inflation.

Cluster-based strategies are effective avenues through which economic growth is accelerated, through proper understanding and subsequent application in given contexts. Clusters are defined as pertaining to a group of firm-entities, various related economic actors, agencies and institutions, which is located close to each other, are able to draw productive advantages.

Demand and supply will always remain as the great unifying concepts of microeconomics. The normative suggestion of microeconomics emanates from the principle that the competitive price of the supply proves the value of the commodity as seen by the supplier, while the demand price represents the value attached by the consumer to the commodity.

A person’s standard of living (economic status) is measured by how much he or she earns and spends at the same time. Similarly, the economic status of a country in a given period of time is determined by its GDP per capita. According to Mankiw (2011), the gross domestic product (GDP) of a country refers to the market value of all final goods and services within that country in a specified period of time.

The paper "Role of Government in Market Economy" is a great example of macro and microeconomics coursework. A market economy is an economic system in which decisions regarding production and distribution of goods and services are based on the forces of demand and supply. In such an economic system, the government plays no role in the production of goods and services.

The paper "Comparing the Current Era of Globalization with the First Age of Globalization" is a wonderful example of an essay on macro and microeconomics. In recent decades, different scholars in diverse realms of academia have made attempts, with relative success to develop exclusive definitions of the term globalization in a variety of ways.

The paper 'Regional Economic Integration' is a great example of a Macro and Microeconomics Literature Review. It is conventional knowledge that the world economy has increasingly been riddled with a strong wave of intensified economic integration especially within the sunset years of the twentieth century. Globalization parameters such as the development in trade.

The paper "The Role of Government in a Market Economy" is a good example of a macro & microeconomics essay. A market economy refers to an economy whereby decisions relating to production, distribution and investment are made based on demand and supply (Dick, Blais & Moore 2007, p. 21). This implies that the choices regarding the allocation of resources are principally determined by the markets.

The paper "Characteristics of a Market Economy" is a good example of macro and microeconomics coursework. A market economy is said to be that system of the economy where decisions regarding the economy are made. Such decisions may include pricing of goods and services. This system is guided by the interaction that exists between businesses and citizens of a country.

The paper "Role of Government in Free Market Economy " is a great example of macro and microeconomics coursework. Throughout the history of the world, each and every community in one way or the other has been faced with fundamental problems that are related to the economy and in particular what should be produced and made available to the market and for whom in a world of scarcity.