Macro & Microeconomics Essays

Though this book is characterized as the fiction, however, it is actually not a work of fiction and outline two most important ideas i.e. protectionism and free trade. What is, however, critical to note that this book is a scathing criticism on the protectionism also and advocates the spread of free trade in the world?

 Based on market and situational analysis like Porter’s five force analysis, a marketing manager will be able to analyze various factors like buyer and supplier powers, competition rivalry, potential entry and other threats, and based these the managers will be able to implement either cost-leadership approach or differentiation approach. 

What exactly is globalization? Globalization is the process whereby people from different parts of the world can interact freely and easily without any unnecessary barriers (Williamson, 1996). Globalization has effectively made the world a smaller place. People can move around the globe interacting with different people.

The president of the United States of America considers many factors before allocating available resources in the country’s reserves (Garbutt, 1967).

Qatar is one of the richest countries in the Middle East. This is attributed to the oil that it sells to countries all over the world. Qatar has evolved into being one of the richest countries because of its political stability that attracts investors and development projects in the region. If it continues with its current state of things, the next ten years will see it advance to greater heights of development.

Monetary policy and fiscal policy are tools used to increase or decrease aggregate demand and increase aggregate supply. Monetary policy is influenced and managed by the Federal Reserve Board, and it is meant to increase or decrease the money supply through changes in the discount rate, open-market operations, and changes in reserve requirements

Therefore, the paper analyses the utmost impacts of the established institutions on the per capita income. In addition, the paper also assesses the principal causes of income per capita differences

The goal of any monopolistically competitive company is to maximize profits. In terms of total revenue and total cost, profit is defined as the difference between marginal revenue and marginal cost. Thus, the quantity yielding the highest profit is chosen to be produced so as to maximize profits (Mankiw, 2008).

This has resulted to the widening of the gap between the poor and the rich. The high cost of living has caused the wage increment for the lowest paid workers in china to be severely eroded (Yongnian,

After the financial crisis of 2007-2008, the job market in the UK is going through a very dismal phase. To combat the financial crisis several industries are busy cutting down their employee strength to boost the profit margin. In the last 4-5 years, the rate of unemployment increased drastically throughout all the sectors.

Recently most companies in North America have become worried that soon the global amounts of water will outstrip the supply. According to leaders of the economic world, the solution is that people are made to pay more. A case scenario is that of Sarah Woolf's 1,200-acre farm which supplies a quarter of America's food.

A business cycle is often comprised of four main stages that form its components. These are the recession (trough), contraction, recovery and expansion, and growth (peak). Even though the concept of the business cycle is used in relation to the larger economy, its phases can be applied to several sections of the business or a particular industry.

of the United States in the first quarter of 2014 was 4.6%.1 This growth is a clear indication that the economy is building gradually more so after the dismal performance in the first quarter that stood at 2.1%. This dramatic rise in the growth is more than twice the economic

The creation of a monopolistic market today is hard due to the several benchmarks that are required for a monopoly to occur. Government interventions are the control of specific economic resources that directly influence the provision of a particular good or service or the case of unfavorable economies of scale which discourage other competitors.

The measure of unemployment is the unemployment rate. Unemployment rate is the number of unemployed people divided by the number of persons in the labor force (Toossi). Keynesian economists argue that the existence of unemployment is

The industry was able to turn around itself through various difficult but crucial mergers, while the privately owned railroads invested more in safe, energy-efficient, eco-friendly locomotives. To that effect, the book, American Railroads: Decline and Renaissance in the Twentieth Century tells a riveting story of the manner in which the railroad industry was able to turn itself around.

From a theoretical perspective, inflows and outflows of capital tend to experience cancelation when the current account is in balance, thus the existence of zero value. Numerous researchers tend to focus on the examination or assessment of the relationship between the global imbalances and the 2008 financial crisis.

Tariffs serve particular functions in a given country. These include protection of the domestic industries and providing an alternative means of solving trade distortions. It serves as a source of revenue for the country. Tariffs are also a tool of protecting domestic industries by changing the conditions under which goods compete.

A common method used to measure poverty is based on income or consumption levels. A person is considered poor if his or her consumption level falls below the minimum level of basic needs. For example, The World Bank sets poverty consumption levels as an individual living on less the $2.00 a day, this is a world total. 

Deaton has conversed that the hypothesis of price reform is directly related to the hypothesis of the cost-advantage study, the previous dealing with the consequence of common benefit, the latter with the minute alterations in quantities. Deaton has informed that a good instance will be an outcome of an adjustment in tax charges on tax revenue.

The author states that this most recent episode of recession in the UK happens to be the worst it had faced in the period following the Second World War. Based on the GDP numbers for the years 2008 and 2009, one learns that “the economy contracted even more sharply than previously thought in the first quarter of 2009.

The author plunges on an issue quite important and vital and hints a very important area by hinting that the rise in economic growth has not solved the problem of unemployment. The rise in income level and economic growth has not paved the way for reduction of poverty and the elimination of the burden of the economy on the environment.   

The London office market is highly attractive and is able to overcome different challenges and issues (Savills, 2012). Different macroeconomic and microeconomic elements have been explored and analyzed in order to analyze the overall London office market. It is important to carefully analyse different elements influencing the market/

The company or the employers are usually held responsible for the behaviour or performance of the employees. This is because it is believed that the employees are working on the orders of the employers or their responsibility depends on the type of their job. Under the federal employment compensation act, those employees who are either disabled or killed.

Still it may easily be pragmatic that they seek and earn more revenues. It was an era in film industry when male models and actors were found demanding more. But it was pre revolution era and the films

Output in a team is determined by the following function of individual efforts, Individual team members each have a utility function. If individual efforts cannot be monitored and each team member is paid a share of output, show how the individual effort levels vary as the number of team members increases.

The focus will be on the experience of the Federal Reserve with traditional policy tools. The discussion will be on the drawbacks and efficiency of the less familiar monetary policy forms. Furthermore, the paper will talk about the implications of the ongoing measures to boost price stability and maximum employment.

When the Lehman Brothers bankruptcy happened in the year 2008, the financial crisis became a more general crisis of banking that in turn rapidly impacted the actual economy of the world leading to the onset of a global recession. In an attempt of understanding the financial crisis of 2007 -2010, this paper explores the financial crisis of 2007 to 2010.

The author explains that stock indices are normally used by investors and portfolio managers to make comparisons on investment option and to derive the general trend of the market. While it remains a purely mathematical formula, the index can offer an incisive evaluation of the dynamics of economic variables.

Poor infrastructure hinders growth because of its relative effects in high costs, business delays and the reduction of the mobility labor. In addition, external shock vulnerability has affected the

Investors are motivated into the market by the low cost of start-up business as the economy has the potential of sustaining itself and creating alternatives for its citizens. Lerman and Schmidt (2000) indicate the nature in which the government invests in education as a means of tackling the structural unemployment issue.

Similarly, housing and education are still among the major factors that are challenging the economy of the federal government of the United State of America. Most of the education is managed and funded locally thus making it quite difficult for the federal government to make much of a difference. However, the government has developed multiple strategies to curb these economic challenges.

Therefore, rich individuals may want to take extra care while screening the people who are interested in them in order to identify the ones who are genuinely interested from the ones who are interested in material benefit. Typically, adverse selection takes place

Bear Stearns, which is an investment bank, liquidated two hedge funds on July 31. The hedge funds invested in risky securities with backing from subprime mortgage loans. On September 25, Washington Mutual Bank failed in its operations, which prompted the Federal regulators to close it down together with its branches.

If we run the regression correcting for serial correlation by including AR (1) in the regression, the coefficients make sense and we get a dependent variable. From the illustration, the coefficients make sense however if we Correct for second-order serial correlation. The coefficient is more sensible from the approximations. 

The author states that the Chinese economy is characterized by intense air pollution. The World Bank indicates that 16 of 20 cities with the worst air pollution globally are in China. Air pollution costs the Chinese economy significant amounts of resources that are lost to labor and increased health care costs, thus resulting in a lower GDP.

Both the monetary and fiscal policies are used to influence the expansion and contraction of GDP as a measure of economic growth. Successful integration of the fiscal and monetary policies in the past two years has reduced inflation. Both policies must be well coordinated. This is relevant in the government bond market, which has become a source of the central bank’s money supply.

The advantage of poverty gap overhead count is that it expresses the depth of poverty in our society as compared to headcount. Poverty gap analyses income, which is mainly under-researched as a critical

It is stated that productive capacity did allow growth with the felt increase and the development of the capacity of the US nation, which in this sense is what affects the economy. It stresses the importance of agriculture and the notion that manufacturing is central to the entire economy. The paper expounds on advocating free trade.

Practically, the currently designed effort to regulate the fault in an economy in a recession would somehow leverage the slow, but, certain movement in aggregate demand (Baumol and Blinder, 589). Otherwise, the economy would get stuck in the crack and suffer prolong period of lower than potential GDP (Baumol and Blinder, 589).  

Microeconomics explains how members in a household and firms make important decisions with regards to the allocation of available financial and non-financial resources within a competitive market (Marchant and Snell, 2007). On top of this, either microeconomics or macroeconomics theories can be used in studying the labor market.

However, economic growth is the resultant of new services and products that are coming to the fore. Therefore economic growth is a force that makes sure that development is dependent on how much a

The role of the bank of England in regulating the financial flow cannot be overstated. There are various factors that contributed to the great depression. Seemingly, inconsistencies in the gold standard system contributed a great deal to this state of affairs. As aforementioned, the policies did not reflect the actual deflationary effects that were being experienced on the ground.

Monopoly and oligopoly market structures often result in losses to states and local governments when casino gambling is legalized in such market contexts. Person 1

The Middle East is in possession of more than 66 % of the global oil reserve and gains millions of dollars daily from exporting oil. It is the major source of economic, technological, as well as socio-cultural development. Iran is number four among the global producers of oil, and, besides, it is a huge exporter of petroleum.

Since her winning probability is 1, she cost 20 hours and the prize being 20hours, her payoff equates to zero. Yes, her payoff must fall. This is because the amount of time invested in training is greater than the prize that is given. When the probability is multiplied with the prize and then the cost subtracted from the result, the answer is negative.

The 2008 financial crisis affected many countries and disoriented the economic, social, and political operations of almost every nation. This paper will seek to outline the way in which the recent financial crisis of 2008 and subsequent recession has affected Greece. This will be realized by exploring Greece’s economic, political, and socioeconomic consequences as a case study country.

Productivity is the measure of how efficient a person, machine, factory, process, or overall system is. It is calculated by dividing the average output in a certain period by the total resources in terms of labor, raw materials, energy, or any other cost incurred in the process in that same period (Business Dictionary).

Reportedly, Michael Moore observed the lives of common American citizens and revealed the deceptive role played by capitalism for abolishing the dream of American people (IMDb, “Capitalism: A Love Story”). The essay is based on the themes of capitalism and the conceptions that have been described in the film.

The government shutdown affected a wide range of services that college students could access, including libraries, scholarships, and education itself. The