Essays on Economics

Section of the syllabus the article relates to (choose the one that is most relevant): Choose one: Section 1: Microeconomics Section 2: Macroeconomics Section 3: International economics Section 4: Development economics Notes: – DC says that the PC market fell nearly 8 percent to 81. …

Introduction Until the mid to late 1980s, most mobile phones were so large that they were permanently installed in vehicles as car phones. Due to the advancement of miniaturization, the majority of the current mobile phones we used today are handheld units/ The world’s largest …

Assumed 3 decision-makers- consumers (households) – that sell land, labor, capital entrepreneurship and firms- that pay rent, wages, interest and profits (rewards for above factors of production ) firms then use the factors to produce GIS in return for payment from the consumer. Gobo imposes …

Introduction Exchange rate is always changing, which can cause different relative price of traded goods among countries. However, when firms adopt PTM (pricing to market), price of trading goods does not change with the exchange rate, That may result in deviation from purchasing power parity …

The United States is currently experiencing it’s highest level of income disparity since the years of the Great Depression, with the richest 20 percent of Americans earning approximately 50 percent of total income in 2008. In addition, the richest fifth own about 84 percent of …

Energy plays the cardinal function in the universe economic system. In malice of considerable disposition to alternative renewable beginnings of energy like air current, H2O, atomic and solar power, the function of rough oil in macroeconomic motions has non waned yet ( Mehrara & A …

To fight against all this short comings that are caused by product line extension, Quelch and Kenny (1994) gives some checklist or guidelines for improving product line extension strategies. They involve allocating adequate resources to the most popular products, improving on the cost accounting, proper …

1. a. Opportunity cost is the cost of the foregone alternative.  It is the cost incurred for net selecting a particular course of action.  Opportunity cost is present in a lot of areas in economics, such as labor and capital. b. Increasing costs are expenditure …

Gordon Growth Model Approach As compared to the historical approach for calculating ERP, the Gordon Growth Model (GGM) is forward looking in that it assumes a constant dividend growth rate in the future. The Gordon Growth model is a simple and common version of the …

No society can exist without work activities. People must work to earn for their living.  They work to sustain their basic needs, to have food, shelter and clothing. These actual and potential workers in the population of the industrial society constitute the labor force. (more…)

Market Analysis for Private Investors Introduction When one has savings for investing in instruments other than time deposits in banks, the option that comes to mind is almost always the equity market.  Investing in shares has been believed to be a wise decision for want …

Instagram is a world-wide online platform or application in which people can share photos, videos, stories, and messages. It was created in October 2010 by Kevin Systrom and then sold to Facebook in 2012 for $1 billion (Aslam, 2017). Facebook’s acquisition generated the ability of …

This is a chart of trend of gross domestic product of Thailand at market prices estimated by the International Monetary Fund with figures in millions of Thai Baht. “Before the financial crisis, the Thai economy had years of manufacturing-led economic growth–averaging 9. 4% for the …

This paper takes the position that Multinational Enterprises (MNEs) do improve rather than exploit foreign labor’s working conditions on the ground that globalization has been adopted by more countries, and that this must be deemed to have s resulted to more benefits for the workers …

The Daily Mail quotes, “Protein drinks ‘are no help for athletes and aren’t better than a balanced diet’,” with The Independent also reporting that there is “no benefit from sports drinks”. However, does this affect the Protein sports drinks’ market? Clear Barrett writes In an …

Economy Since the democratic reform in 1959, and especially since the adoption of the reform and opening-up policy in 1978, Tibet has witnessed remarkable economic development. The Tibetan economy is dominated by subsistence agriculture. The Tibetan yak still plays an important role in Tibetan life. …

Republican and democratic candidates in the upcoming elections have tabled proposals on how to reform healthcare in the country. They all agree on need for reforms but differ on the proposed action. The debate has been sparked by reports indicating that many Americans are uninsured. …

According to the American Obesity Association, Body Mass Index (IBM) measurement is the primary factor in determining obesity. IBM is calculated by dividing weight in pounds by height in inches squared, and then multiplying by 704. 5. If the result is greater than 30, obesity …

The term ‘Asian Tigers’ refer to the Asian countries of South Korea, Taiwan, Hong Kong and Singapore. These nations have experienced massive economic growth figures due to their policies on key economic areas. These policies involve allowing for free market trade to allowing for investments …

A want Is a desire for a good or a service. The desire may be to satisfy hunger or thirst, avoid heat or cold, be cured of Illness, be amused or entertained, or enjoy that latest product of technology. The item involved may not be …

Supply and Demand Simulation ECO/365 Supply and Demand Simulation In the University of Phoenix simulation (2003), students are taken through the supply and demand of two-bedroom apartments in a city called Atlantis. The simulation itself is used as a tool to learn about the demand …

Limitations of PEST analysis Political factors include government regulations and legal issues and define both formal and informal rules under which the firm must operate. Economic factors affect the purchasing power of potential customers and the firm’s cost of capital. Social factors  include the demographic …

The paramount example is Jamestown, Virginia, the first successful English colony. During the development of Jamestown, there was the unintentional creation of social classes. The higher classes were people who had land and money. These were the people who brought indentured servants to the New …

In addition to the major influences on costs of production associated with Delta, economies of scale are also relevant to this firm. Economies of scale operate to the left of Q or the minimum efficient scale of operations according to class lecture notes. So it …

Important terms to be learnt Macro Economics: Macroeconomics is the study of aggregate economic variables of an economy. Consumption goods: Are those which are bought by consumers as final or ultimate goods to satisfy their wants. Egg: Durable goods car, television, radio etc. Non-durable goods …

Infrastructure such as roads and electricity Is only completed In some areas. What’s a “growth pole”? An urban center targeted for development of key economic and social infrastructure to promote regional economic development ( roads, electric grids, schools, markets, and medical facilities) Brazil Chapters 13 …

1 Final Exam (VERSION 1): Econ 101 • Please write your name at the top of every page of this mideterm • Please write your name, TA’s name, and the time of your discussion section here Your Name: TA’s Name: Discussion Time: • The exam …

Homework Week 2 3. What effect will each of the following have on the demand for small automobiles such as the Mini Cooper and Smart car? a. Small automobiles become more fashionable This will increase the demand in small automobiles b. The price of large …

Furthermore, with regards to the total costs, after the years of operation of Wal-mart its total costs has been increasing due to the number of facilities and stores that they are establishing not only in the U. S. but also to other countries for the …

PESTEL provides an analysis into the external business factors which may effect the company performances. It can be used on a daily, weekly, monthly and yearly basis to analysis the macro environmental effects on a company. POLITICAL-EU Free trading laws promoting trade between western and …