Essays on Economics

There are so many events going on in the world today. There is a housing market issue, health care reform issue, and companies fighting for paid sick leave from their jobs. There are many more this is just to name a few. The housing market …

Many countries of the world are still in the process of striving in order to achieve a reasonable economic growth and development. Some economies are poor while others are already developed majority of the worlds economies fall under the title of less developed countries or …

The table above shows the result of estimate function: . is equalled to -1. 858067, which means one unit change in RPRICE2 or the relative price change of no. 1 and no. 2 canned tuna will result in -1. 858067 % change in SAL1 or …

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 …

Even the proponents of free economy accept some form of regulatory intervention on organizations that become mighty powerful. The regulatory authorities have a right to intervene, if the market forces are giving unfair advantages such as monopoly or pollution. Commercial banks can become mighty powerful …

From as long as I could remember Taxes have always been apart of our daily lives. Taxes can often be a big burden for most, they can also be a help and used for many other functions. If it was not for taxation our roads, …

The Economist’s article published in 2004 which debated the merits of child labor and provided the next steps in reducing child labor is mostly correct in its assertions. Statistics have shown that more than 200 million children that are school-aged are working in third-world countries. …

Plastic bird spikes keep pest birds like pigeons, gulls and crows from landing and roosting on your building One of the most effective and humane bird deterrents ever devised is currently available in a variety of sizes and colors. More economical than steel spikes, polycarbonate …

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 …

QUESTION 1 What are the THREE (3) basic economic questions that all economies must answer? Describe the differences in the way capitalism and socialism answer these questions. Scarcity, Choices, Opportunity Costs We live in a finite world. No matter how seemingly bountiful the quantity of …

King Mohammed VI realized the need and potential in energy and the impact that it would have upon the government and the presiding society.  The process of redeveloping the country has taken over five years as the eco-system has suffered and the unemployment rate are …

We have provided an annual cash dividend, paid quarterly, to shareholders since first declaring a dividend In 1974. Elasticity of demand and market structure As the economy weakens, the demand for discounted goods rise as consumers have less expendable income but still have the need …

The war in Bosnia and the mines planted in some parts of Bosnia might also have impact on Ado current circumstances. In Bosnia during the war some mines were planted by people when they were running away from the war. This makes people to go …

In current years in China, a nationwide famous tea called Xihu Longjing Tea is allocated to buyers using the price mechanism. This kind of tea is produced only in one place, Xihu, or West Lake, in Zhejiang Province in China, and is very dependent on …

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 …

Economic Analysis of Asset Prices Introduction The most recent economic crisis, from which the global economy is still reeling, started in 2007, approximately one year after the ‘sub-prime’ housing market in America buckled under its own weight, putting pressure on the financial markets across the …

The most important risk associated with such an operation, most notably with the exchange and repatriation of funds from Turkey to the US, is the currency exchange risk.  What exactly does this type of risk refer to?  In the cases of international commercial operations, most …

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 …

Getzen, T. states, health is irreplaceable, and any change in health can strongly affect the value of many other goods. Health is more precious and time more limited than money. Managed Care is a system of health care that combines delivery and payment; and influences …

Economic instability can imply volatility in GDP growth, inflation, interest rates, the exchange rate and other economic variables. The sensitivity of small, medium and large businesses to such swings varies according to the nature of their activities and the predominant form of their liabilities. Balance …

PEST analysis possesses several advantages; first of all, it is relatively impel and only costs time to do, the only thing that managers should do is to brainstorm from four different aspects and summarize their perspectives. Secondly, PEST analysis helps managers to understand their business …

The behavioral economics of consumer brand choice: patterns of reinforcement and utility minimization Gordon R. Focal a, , Jorge M. Oliver-Castro b , Teresa C. Schwarzenegger a b a Cardiff Business School, Cardiff University, Cardiff, UK Institutor De Psychological, Universities De Bras Lila, Bras Lila, …

When I first heard of my assignment, I thought it would be a great opportunity to get away. I am always felt annoyed by my friends looking at their phones when we were having dinner instead of having a real conversation. However, when I actually …

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 …

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 …

In extension of the production function, foreign financed capital (l), export (EX) and import (IM) are added into the model to determine their impact on the economic growth. Pawl’s (2002) mentioned that the import is considered will affect the economic growth which are divided into …

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 …

Health Economics Nowadays, economics have taken their high places in the countries, and they are necessary in the business field because they analyze the production, distribution, and consumption of goods and services. One of these economics is the health economics. Health delivery. The application of …

Through market research and analysis it has been found out that there are several economic choices that every firm must face. This is in line with the core objective of the firm which basically entails producing standardized product to meet the customers demand and making …

Health Maintenance Organizations (HMOs) have an important role to their patients and their health care providers. Castor Collins Health Care Plan was found in the year of 1999, in Pantome. This particular HMO service provide health care insurance and health care services to a variety …