Macro & Microeconomics Essays

The paper "Economics Assessment of South Korea and North Korea" is a perfect example of a macro & microeconomics case study. Central Intelligence Agency (2013) states “After World War II, a democratic-based government (Republic of Korea, ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (Democratic People's Republic of Korea, DPRK).”

The paper "Impact of Changing Market Conditions - Marks and Spencer " is a perfect example of a macro & microeconomics case study. Several rapid economic changes all the time more affect many businesses globally either optimistically or unenthusiastically. Technology and globalization have to the highest degree contributed to undeniable changes in the commerce world and the impact is felt ubiquitously.

One of the essential steps that could be taken was to increase the amount of fine from $3 to more with every repeat occurrence. It is due to the reason that most of the parents might repeat the same thing of coming late sacrificing the amount charged as fines, which might be quite minimal as per their purchase capacity.

The paper "AutoEdge Analysis " is a perfect example of a macro & microeconomics case study. This paper is an analytical examination of AutoEdge in a marketing/ economic context. The analysis is going to focus on certain functional aspects of the company such as market structure, competitor analysis, and market forces with a particular focus on price elasticity, demand elasticity, pricing structure, market position etc.

The entire intelligentsia was too confident in the narrative that markets are always efficient and self-regulated where the government intervention must be minimal as it would be a deterrence for the market forces. In this context, Rodrick points out the paradox that where globalization is the only way to take millions out of poverty line.

The writer observes that the economic issues show similarity throughout the capitalism history, typically being composed of boom and bust rhythms. In his book he praises himself since no other economist in the world had foreseen the current crisis with as much clarity and specificity as he did.

The Republic of China has experienced immense economic growth as a developing nation in the past years mainly due to its sustainable trade, social, and health policies. Adoption of the one-child policy after the realization of rapid population growth remained imperative towards realization of a sustainable economy. However, the one-child policy has resulted in imbalance in the female to male ratio.

The paper "Low-Calorie Frozen, Microwavable Food Industry" is a perfect example of a macro & microeconomics case study. The low-calorie microwavable food industry is characterized by numerous sellers. Consequently, improvement in technology and increase in people’s income has increased the demand for microwaves hence raising microwavable food’s demand (Graf &Saguy, 2006).

Conclusively, the IMF policies have played a huge role in enhancing international business. Although not all IMF policies target international trade increments, they have positive implications that facilitate their growth. For example, through trade liberalization international trade has been boosted with more countries joining the trade. 

The paper "Tesla Motors Company - Macroeconomic Variables" is a perfect example of a macro & microeconomics case study. Tesla Motors Company specializes in the production of electric cars and components of an electric powertrain vehicle. The company has so far produced various models of vehicles such as the Tesla Roadster an electric sports car, Model S, Model X, and Model 3.

The paper "Technical Analysis and Efficient Market Hypothesis" is an outstanding example of an assignment on macro and microeconomics. Technical analysis refers to a security analysis method that forecasts the direction of prices by studying past market trends especially the prices and volume. The efficient market hypothesis argues that stock markets are unpredictable.

Admittedly, the journal article selected for writing referee report is the article published in American Economic Review in June 2006. It is written by two able professors DellaVigna Stefano and Ulrike Malmendier who teach in University of California at Berkeley and Stanford University respectively.

The paper "Economies of Cities and Regions: Parramatta" is a worthy example of a case study on macro and microeconomics. Parramatta is a city located in the western part of Sydney. It is known for its nice parks and historic sites. With a population close to 200,000, Parramatta is home to a workforce of more than half of that population.

Poland has had one of the best performing economies in Europe in the past decade. Poland’s economy has been so stable that among all European countries, the county was the only one unaffected by the recession of 2008. Since 2000, the country has been among the best economic performers, emerging 6th in Europe, and 21st globally, as per 2012 (Bielicki, 2005).

Compared to its pre-20th-century roles, the state has taken on vast and new roles, including the provision of health care, infrastructures, and several other programs that usually comprise a contemporary welfare state. The traditional state was mainly concerned with the administration of law and order, provision of natural defense, and several public goods.

Proposed economic policies by countries often receive and attract debates and arguments from key industry players who will be affected when said instruments are adopted. Such is the tax reform. There have been numerous studies that explored the reform’s impact on tax incidence and the new system’s progress.

Conversely, movement along a demand curve follows changes in price. While discussing shifts in the demand curve, various examples were given and supported in a graphical illustration. In the scenario of the service sector, shifts can be caused by changes in employment, expenditure, output, prices, and productivity.

The paper "Causes of Poverty in Saudi Arabia" is a perfect example of a macro & microeconomics case study. Saudi Arabia is among the richest countries in the world. The economy depends on oil, and the economy is growing continuously while the reputation of extravagance and in some instances, excess has been documented.

The paper  “Impact of Financial Crisis on the Economy’s Performance”  is a forceful example of a macro & microeconomics case study. The financial crisis has a long-term impact on the economy’s performance and is followed by a wave of the government defaulting on its debt obligations.

The paper  “Political Economy of Japan”  is an actual example of a macro & microeconomics case study. Political economy refers to a perspective drawn upon the economics of a certain country or region, legal environment, and political orientations to elaborate how economic systems such as capitalist, socialist, or the mix of the two influence each other and the Foreign Direct Investment.

My reason for choosing commercial law is based upon my early awareness in this area and a recognition of the global marketplace that has opened up. I realize that the parameters of business are changing and with free trade and the development of the European Union, new scenarios are opening up which present unprecedented legal challenges.

The elasticity of demand would play a crucial role in determining the magnitude of shifts in equilibrium price and quantity. As is evident from the diagram, if the demand curve is elastic (D2), implying customers are quite sensitive to price changes, then the hike in supply causing a relatively smaller fall in prices.

The author states that China's economy is growing rapidly. In 2003, China's GDP was $1.4 trillion. By that measure, China was the seventh-largest economy in the world. The economy οf the United States is still by far the world's biggest and with a 2003 GDP οf $10.1 trillion it is seven times the size οf China's.

The author states that since the world was created, resources were scattered all over its features. Upon the division and conquest of land by man, followed by industrialization, it became impossible for any one economy to provide everything for its people. This resulted in trade between nations.

A memorandum will be sent to the employee association. It will emphasize the fact that the existence and viability of the company are at stake, and that without taking the drastic action of cutting the budget for the ensuing fiscal period, the company will be forced to file for bankruptcy protection.

Effect on quantity supplied operates through influencing the costs of production. If the costs of production increase, then the price at which a seller was willing to sell a given quantity rises. Thus the supply curve shifts upwards implying fewer amounts to be sold at each price. This can occur if, for instance, input prices increase.   

The author states that though Childrenswear has underperformed in the total clothing market from the last 10 years, recently the industry is experiencing a significant contribution to the total clothing market. The value sector in 2006 accounted for 35.9% of all UK childrenswear sales, whereas the total clothing market accounted for 23.6%.

An ancient civilization and an emerging economic powerhouse in the heart of Asia, China is quickly developing one of the strongest economies in the world. Chinese products can be found all over the world from Athens to Zurich and since its cautious embrace of a more market-oriented capitalist outlook, the modern People’s Republic of China has exhibited phenomenal economic growth.

There were changes in the regulations as well as laxity in adherence to the normal process of lending and low-interest rates. Equity markets collapsed and the crises spread all over world economies through the credit crunch leading to a recession and solvency in the banking system (BBC News Wed. 21 Nov. 2007).

Contractionary monetary policy will increase the cost of borrowed funds and this may reduce the profitability of a business due to increased production costs. This policy will also discourage new investment due to the high cost of borrowed funds, finally, individuals in the economy will not have excess money that may be borrowed.

These cultural changes are viewed both positively as well as negatively. Some critics’ claim that the changes brought on by globalization is destroying the local culture and tradition. The globalization is now slowly changing itself to ‘Americanization’, with the American culture spreading to most of the countries in the world.  

This research will begin with the statement that Obama stressed Americans that countries like Spain, Germany, and Japan heaved in new industries than them, not because of their smartness or hard working but because of the restrains that puts by their government on their hard working and skillfulness with the help of venture investments.

The author of the paper states that the United Kingdom was the first nation to industrialize into the modern era and is the center for world trade and commerce in the present century as well. The country saw a gamut of economic activities as a result of the global financial crisis in 2008 – 2009.

In 2008 it was an estimated $2,800, which is 168th in the world. A related problem is that of growing income inequalities in India. As for poverty, there are millions of people still living in conditions without a proper and uninterrupted supply of water and electricity. Poverty may be on the decline but it is still a huge problem.

The author of the paper states that a competitive environment is beneficial for society as a whole, comprising of both the consumers and the producers. Now, competition can be the price as well as a non-price one. Price competitions are those that desperately aim to hike the sales through curtailing price.

In order to understand, whether the inflationary trend has stimulated the growth rate of per capita GDP, the difference in the values of consumer price indices in 1990 and 1985, has been estimated. For making the policy decision of whether boosting secondary school enrolment its ratio have been taken as variables in the model. 

the free market economy is a market concept in which markets operate automatically but despite that most of the countries in the world have adopted the form of mixed economy in allocating the resources of their economy. In the mixed economy format of the economies, markets are controlled up to some extent but they are also allowed to operate freely and automatically until they start wasting their resources.

A mixed economy is an economic system that has the participation of both the public and the private sectors. These two sectors are interlinked through market operations (Peddle, p.8).Is the intervention in the mixed economy desirable? Economists have come to the conclusion that the intervention of government is a ‘necessary evil’ in an economy alongside the private sector playing its role.

Most of the economies today are examples of mixed economies where there is a co-existence of public as well as private institutions. Many countries opt for the mixed economy model owing to the various advantages it offers. A mixed economic system allows both the public as well as private sectors to work side by side. 

The primary factor which resulted in an economic downturn in the UK was the financial crisis being faced by the US economy by 2008. The financial authorities in the UK were scared to find out the big financial houses of the USA tumbling down in the face of the subprime crisis, which was the consequence of an overt supply of loans in the economy.

Also, the increase in taxes will be equivalent to putting a burden on the taxpayers, which is not healthy for a nation. But the advantage of increasing real GDP without an increase in the budget deficit is the factor that attracts governments to go for a balanced budget approach which will weaken the fiscal policy in the long run.

Regional trade agreements have their own pros and cons. Countries are looking for new patterns of cooperation, be it regional or based on resources and competitive advantage. Bonapace Tiziana and Mikic Mia suggest that there is strong evidence from the European Union that a country that is left out from the trading bloc loses prospects for business and investment.

Needs are states of felt deprivation while wants are the form human needs take as they are shaped by culture and individual personality. When backed by buying power, wants to become demands and the people demand products with benefits that add up to the most value and satisfaction. The law of demand goes hand in hand with the price of the product. 

The paper "Banking and Financial Markets" is a wonderful example of an assignment on macro and microeconomics. It is expressed as M x V = P x Q From the equation of exchange, we see that money together with velocity is the source of funding for economic activities.

The economic forecast in The Economist Intelligence Unit shows some exceptional growth in the non-oil export sector as well as some reforming financial policies (tapping into the bond sector) to attract international as well as domestic investors. Here are some opinions on economic forecasts until the year 2015. 

The purchasing power of an individual depends on the amount of money that an individual is able to acquire with a certain period. Inflation disrupts balance payment in the international market. When prices of products in the domestic market rise at a higher rate than the prices of products in the foreign market, unbalanced payment occurs. 

This essay analyzes that the distinction of vertical integration is that the model brings large segments of the supply chain, not only under the control of a universal ownership but also under a single jurisdiction. An example here is the case of Ford River Rouge – during the 1920s, which engaged in the production of its own steel.

During the last decade, the industry has grown exponentially and has responded quite effectively to the extensive market conditions. Various measures that have been taken for the expansion process to take place include innovation of new design concepts, length of newly designed ships, new travel destinations around the world and activities on both onboard and off-shore.

The government can do so by subsidizing the cost of medicine. However, to lower the price of medicine and increase its supply, the government should either come up with new technology or create a policy that will shift the supply curve with an outward impact particularly by increasing the number of suppliers in that sector.

Whenever theory suggests things contradictory to reality empirical proof is needed. Various recent and old studies have found that the Heckscher-Ohlin model. These studies discovered that income inequality increased during trade reforms in developing countries. Examples of such countries are Colombia, China, India, Mexico, Chile, Brazil, and Argentina.