Microeconomics Essay Examples: Free Download | EssayIntl

Skills for Economic Enquiry
Introduction Economics is considered as one of the most interesting s but it is also called dismal science. The underlying principles of economics are really interesting due to the fact that they describe the human nature when we make our buying and selling decisions. Considering all consumers as rational individuals, economics put forward certain laws and principles which are aimed at determining our behavior in a market. There is one basic law in economics which defines most of the economic behavior ...
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Characteristics of the Market Structures
The paper "Characteristics of the Market Structures" is an engrossing example of coursework on macro and microeconomics. All firms aim to maximize profits from their output by ensuring marginal Revenue is equal to marginal cost. However, practically they operate in different economic and business environments. These environments may be based on the prevailing market conditions, which influence how the firm will make decisions affecting its behavior. Various characteristics are common to some firms ...
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Structural Transformation
Macro & Microeconomics Structural Transformation Gary Gereffi’s article “Development Models and Industrial Upgrading in China and Mexico” explores the development strategies that China and Mexico employ in the quest for national development and industrial upgrading. Gereffi presents the dissimilarities and resemblances that exist between the models of structural transformation that the two countries use. While Mexico’s development model focuses on extensive privatization, foreign direct investment, ...
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Economics - Scarcity, Opportunity Cost, and Tradeoffs
The paper “Economics - Scarcity, Opportunity Cost, and Tradeoffs” is a fascinating example of the essay on macro & microeconomics. Economics is a known discipline that answers the much monetary question that is encountered in our daily lives. Economics can be defined differently to suit the current situation. The study of scarcity, the analysis of decision making, and education on how to use the available resources are just but the few definitions that will be focused through when ...
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Economic Analysis, Business Strategies and Risk Analysis of Coca-Cola Company
The paper "Economic Analysis, Business Strategies and Risk Analysis of Coca-Cola Company " is a perfect example of a micro and macroeconomic case study. Coca-cola Company has grown to be the world’s largest leading manufacturer, retailer and marketer of non-alcoholic beverage concentrate. It essentially operates internationally in more than 200 nations. The firm has its head office in Atlanta in the US. The firm is reported to produce over 300 beverage brands and estimated sales of 1.06 billion ...
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Demand and Supply Curve of the Packs of Sweets, Demand Schedule for Computer Chips, and Price Ceiling
The paper “Demand and Supply Curve of the Packs of Sweets, Demand Schedule for Computer Chips, and Price Ceiling” is a persuasive variant of the assignment on macro & microeconomics. A price decrease from $400 to $350 raises the total revenue from $12,000,000 to$ 12,250,000.a price fall from $350 to $300 reduces the total revenue from $12,250,000 to $ 12,000,000. b) The elasticity of demand=% change in revenue/% change in demand = (12000-12250/122500*100)/ (400-350/350*100) = -2.04/14.28 ...
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Understanding Consumer Behavior and Its Applications
The paper "Understanding Consumer Behavior and Its Applications" is a wonderful example of an assignment on macro and microeconomics. Introduction of tax affects both supply and demand of alcopops. The introduction of the alcopops tax will automatically correct externalities which abusers of alcopops impose on the society. The rise in tax will result to increase in the buying cost of alcopops (tax will be transferred from the producers to consumers). The buyers will be discourages or move to other ...
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Marginal Analysis
For any firm conducting operating in a for-profit basis, marginal revenue is defined as the amount of additional revenue that producing one additional unit will contribute towards its total revenue. (Investopedia). Simply stated if a company decides to produce an additional unit of product Y, the total sales for product Y will increase in the amount that marginal revenue dictates.On the other side of the revenue/cost equation, there are total costs as well as marginal costs. The marginal cost for ...
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Impact of Technological Advances in the Field of Communications as Concerns Globalization
The paper "Impact of Technological Advances in the Field of Communications as Concerns Globalization" is a great example of a business essay. Globalization is the coming together of systems that enable better economic advances. This joining together, usually to create harmony, breaks down barriers that existed before so as to make trade between countries easier. It involves breaking of trade boundaries, lifting of market tariffs and utilization of labour from across the globe. Ray (2007) declares ...
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Representing the Modern Market Economy
The paper "Representing the Modern Market Economy" is an outstanding example of a Macro & Microeconomics coursework. In the economics study, it is about individuals who live in a household. The household consists of family and connections of friendships. The groups of people work together under one family roof. In the illustration below, it displays the household supply from the front end while the demand is shown on the rear end. The household is separated into two different sections, the demand ...
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Business Proposal
Business Proposal Product The product that I have decided to introduce from a current business is Remote Controlled Switch Boards for lights and fans. People will be able to easily swap their current switch boards with remote controlled switch boards in order to avoid the complication of reaching at the switch board to turn on or off the lights and fans. Elasticity of Demand Price elasticity of a demand refers to the degree to which demand of a product changes by change in price. The demand for ...
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The Ackaringa Oil Discovery
The paper "The Ackaringa Oil Discovery" is a great example of a case study on business. According to Link Energy, the company’s exploration team has discovered massive oil deposits in the Ackaringa Basin of South Australia. Notably, the oil deposits occur in an approximate area of 284,000 acres nearly at the depth of over 8854 meters. The Brisbane Company officials said that the South Australia State was sitting on massive barrels of oil that range from 3.5 billion to 233 billion; this could ...
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The Contemporary Trade Environment
The paper 'The Contemporary Trade Environment' is a perfect example of a business term paper. It is imperative that the international trade regime established under the watch of the United States after World War II, which is now enshrined in the World Trade Organization has been a tremendous shaper of the most open international economy. As observed by Pride, Hughes and Kapoor (2011), the U.S. and other industrialized economies took the lead after the Second World War to reduce protectionism in the ...
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How the Producers and Consumers Carry the Tax Burden in an Inelastic Market
The paper "How the Producers and Consumers Carry the Tax Burden in an Inelastic Market" is an outstanding example of a macro & microeconomics assignment. The price that producers receive is the price at which the producers purchase the raw materials from the supplies before processing. Basing on our case study the price that the producers receive the raw materials is $1.25 per pack. The consumers pay per pack is the price that the consumers pay inclusive of tax and that price is $2.50 (Gregory). ...
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Economic Concepts
IntroductionBusiness objectives are specific targets that organizations normally use in achieving their goals. Business might employ mission statement in setting out principles that need to be followed. The plan handles logistics on how the set objectives will be achieved. According to Pride and Hughes (2009), economics normally assume that a number of various buyers and sellers exist in the market place. This implies that the market normally has competition that permits price to change relative ...
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Assessment 1
Equilibrium price is the price set by the market as it clears itself from any surplus or shortage. It is computed by equating the demand equation to the supply equation as equilibrium suggests balance between the two forces of the market (McConnell & Brue, 1993, 58). From the given, = 1144 - 400+200+ 1.5 Y is the demand function and = 1744 + 100 is the supply function. By equating the demand and supply function and substituting given variables like the or the price of sandwich and Y or the income ...
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Demand Curve and Marginal Cost
The paper "Demand Curve and Marginal Cost " is a great example of a micro and macroeconomic assignment. All factors held constant, when the price of a commodity rises, the demand falls and likewise when the price of the same commodity falls, the demand increases (Tucker, 279). The law of demand is a result of scarcity in resources whereby resources are allocated to the production of most essential goods in a given market system. If there is no scarcity in resources, the law will not hold since goods ...
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Uber Taxi Economics
The paper "Uber Taxi Economics " is an outstanding example of a macro & microeconomics assignment. After comparing the cost of a standard taxi ride versus a ride with UberX from Deakin University, Burwood campus to the Melbourne Tullamarine airport, I would prefer UberX. The reason why I would prefer UberX is that its pricing model guarantees the traveler a cheaper price almost all the time compared with the price charged for a Standard taxi ride. Uber pricing is cheaper than that of Standard ...
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International Finance Currency Trading
The paper "International Finance Currency Trading" is a brilliant example of a term paper on finance and accounting. The current exchange rate for EUR/USD is 1 Euro for 1.1285 US dollars, according to Google Finance. Figure 1 shows a graphical representation of changes in the value of the Euro over a period of one year. The graph shows a decreasing trend in the value of the Euro relative to the US Dollar with frequent fluctuations in between. Many factors have influenced the current value of Euro ...
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Managerial Economics Resit Assignment
MANAGERIAL ECONOMICS ………………………….. College ……………………………… ……………….. Words count: 1357 Introduction From both economic andmarketing perspectives, products and services offered by different firms offer certain benefits, utility and value that, in turn, represent the want-satisfying power of the goods or services (Kurtz and Boone, 2006, p. 381). Therefore, price of a commodity is what the customers are willing to pay for it in order to acquire the value and benefits that the commodity can serve to them. ...
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