Macro & Microeconomics Essays

The country needs to develop a coherent elevation policy to improve its infrastructure quality to enhanced standards that can successfully support growth and economic development. When compared to China, India’s infrastructure is quite poor weakening the country’s economic expansion endeavors.

The state is only responsible for intervening in the economy during a crisis. According to McGregor (2), the main duty of the central government is collecting taxes and acting as a watchdog in the market. In free market economies, individuals make decisions independently and the leadership is considerate. The government consults when devising policies on trade.

Introduction In the month of March, 2011, AT&T announced the decision of purchasing T-mobile. Within 5 months the antitrust division of United States Department of Justice announced the standpoint of blocking the takeover and moved to the federal court and the bid was abandoned by AT&T on December in the same year (Goldfarb, 2011).

The crisis has threatened to total collapse of the Greek economy and the Eurozone currency. By the start of the millennium, the Eurozone appeared to be performing well economically. Most countries in the European Union were performing well and some economists argued that the countries would be amongst the most competitive economies in the world.

The United Kingdom has been selected for economic comparison with Saudi Arabia. These two countries have different social, political and economic structures, and this explains the different economic directions they exhibit. The variables that are taken into consideration in this work comprise of population, exchange rate with the US dollar as the base currency, purchasing power parity and ratio of gross national product to gross domestic product.

The European Union club of the rich nations has been especially hard hit. The country that shall be the focus of our attention in this paper is the United Kingdom. This country has experienced some of the heaviest blows from the economic slide.

Domestic policies in Alberta present a substantial hindrance for economic diversification in the province. These policies ensure that limited access to foreign markets, increasing costs, and inhibited opportunities for consumers and producers, present a challenge to prospective business start ups in the province.

Tourism is a major foreign exchange earning industry in many countries. Tourism in a broader perspective covers various activities which include lodging, catering, travel, sightseeing, recreation, sports, convalescence, and event management as it has become a part of the lifestyle in several social groups.

Adam Smith is considered to be the father of modern economics. He contributed extensively towards the shaping of the overall foundation of economics by writing some works. “The Nature and Causes of the Wealth of Nations” is admitted to be the most significant contribution to the field of classical economics.

In the month of May, the Chinese economy realized an overall growth despite the decline in the development of certain sectors. There has been a substantial growth of the Chinese manufacturing industry in May 2013 whereby, the economy’s PMI (government-purchasing managers’ index) recorded a 0.2 % rise in May 2013 (from 50.6% in April to 50.8% in May), which was contrary to the forecasts and expectations of many economists ((Teso 2013; Standing & Chiang, 2013; Hubbard, 2013).

In this market, firms enjoy normal profit and the price is equal to the average revenue. This market structure is considered a benchmark for making comparisons with other market structures since it displays high levels of economic efficiency. Allocative efficiency: In the perfectly competitive model price (P) equals marginal cost (MC).

Therefore, the phrase or statement, “Fast Money Raises My Interest”, can be explained in terms of the Fisher Equation and the quantity of money theory to mean that as money changes hands fast, or frequently-when the velocity is high, results in a high demand for money; that is what “raises my interest implies.

The author states that the country of Egypt has gone through various turbulences in the recent times. This has some effect on the economic and political condition and has brought the country under various challenges. The objective of this paper is to find out the various nuances of the economic and the political aspects of the country.

Imposition of fat tax acts as an additional cost to consumers. This is because an increase in fat tax leads to a decrease in consumption of unhealthy food due to higher cost. Additionally, fat tax has been reported to be an important tool of reducing long term cost that is directly attributed to medical expenditures.

The high-interest rates will lead to a low supply of dollars since the amount of money borrowed in the form of dollars and converted to other currencies would be reduced. A simultaneous increase in the demand for a currency and a decrease in its supply will cause a shortage in the market hence leading to the appreciation of the currency.

It rises from a coastal plain on the Indian Ocean in a series of mountain ridges and plateaus in the center of the country. The Great Rift Valley bisects this country into two. The country has a broad arid plain in the north and vast highlands both in the central and southern parts. It has a tropical climate in the south, west, and central region.

A karaoke amplifier mixes and amplifies both inputs and gives output to a load or speaker. The circuit under discussion consists of an amplifier with 6 bands Graphic equalizer. It consists of a power supply, mixer/preamplifier, graphic equalizer, and power amplifier stages. The circuit will include the following essential elements.

Microeconomics focuses on the demand and supply of a single product. It studies the behavior of a particular institute in the market, helping in the management of that institute. It helps in answering various questions such as what type of a product is to be produced; how much of that product is to be produced to meet the market demands.

The Electric Light Company came up in the year 1878 under the guidance of Thomas Alva Edison. It was in the year 1892 that a merger between Thomson – Houston Electric Company and Edison General Electric Company lead the way to the birth of the Company. The company has been ranked as the 6th largest firm in the U.S.

This view is attributed to Mark Blaugh who posited in his now classic work Economic Theory in Retrospect (1997) that: The relativist regards every single theory put forward in the past as a more or less faithful expression and reflection of contemporary conditions, each theory being in principle equally justified in its context.

Wet/Dry: A Status of the United States Alcohol Sales. Traditionally, the United States has implemented a total prohibition with regard to buying and selling of alcoholic beverages; however, the government perception about the prohibition was changed during the beginning of the 20th century.

Governments and individuals use considerable amounts of money to guarantee good health at all times. Hence, the demand for health is always higher than the supply which relates to the availability of resources. Therefore, health economics addresses the value, efficiency, availability, and scarcity of healthcare and the methods of bridging the scarcity.

From an economic outlook, currency valuations are decisive factors to consider in trading. Depending on a country, the relative value of the currency of Euro, Yen, or Dollar may fluctuate more than other currencies. In such instances, one may regard it as a strong or a weak currency.

Some of the members of the EU such as Greece, Portugal, Ireland, Italy, and Spain have failed to develop properly in recent times because of various reasons. The recent recession hit these countries more than any other country in Europe. On the surface level, the Eurozone crisis seems to be affecting only these five countries, but this crisis has the potential to cause huge problems to the entire Europe.

Ways of controlling Off-Balance Sheet Banking by Financial Regulators This situation fell out of proportion which ultimately led to huge loss in financial market and industry. The years 2007 – 2009 were affected by the subprime market loss as well as losses in mortgage market.

The promised equality for all the animals is not forthcoming and eventually some ‘more equal’ animals perfect a system of tyranny of their own. The novella is a stinging critique of the Russian Revolution.

In recent times, it is necessary to motivate a study of the statistical correlation between the correlation relationship between government consumption and the GDP and between government stock yield and the current GDP. Since the times of Friedman and Schwartz, this stylist fact has been considered vital in macroeconomics and in making macroeconomics policies.

Financial markets are imperfect markets (Heremans, 1999). “A disruption to financial markets in which adverse selection and moral hazard problems become much worse so that financial markets are unable to efficiently channel funds to those who have the most productive investment opportunities” is defined as a financial crisis (Mishkin, 1992).

This implies that capital flows to developed nations, as well as a positive correlation between growth and global financialization indicators. However, Stiglitz claims that financial globalization would materialize only if the economists' used methods that are more sophisticated, with empirical evidence towards showing no positive growth is solid

The result of China’s development is visible in the position it is occupying in the world rankings of economies in terms of economic growth. However, the negative effects of growth are issues related to environmental degradation, particularly air pollution in the case of China, and rising health hazards.

Soros is really affecting the United States in one way or the other. If the world no longer used the dollar as the biosphere reserve currency, the demand would actually evaporate and there would be an excess of dollars in the world. Its value would even drop to near zero. He has shown that he can take advantage of economic instability.

It is important for everyone to measure the performance of his/her portfolio to evaluate whether excess returns pay his/her effort and time (Dorsey 42). The owner of the portfolio might be enjoying it, but it is good to know how much it cost him/her. The investors should make a crucial decision on how frequent they monitor their portfolio.

When having to compare and contrast the performance of countries in the context of the international community, emphasis should be given to specific issues: economy and political choices are the most common criteria for evaluating the power of countries and their potential to secure their growth in the future.

This paper aims to: explain what action a profit-maximizing firm takes if marginal revenue is less than marginal cost; define the following three terms (elasticity of Demand; cross-Price Elasticity; income Elasticity) explains the elasticity coefficient for each of three terms.

US economy: OECD predictions about US economy Right from the time of financial crisis US economy is facing troubles in the country’s economy. Thousands of people lost jobs and also became homeless. As a result in 2007 US became the biggest debited country.

The paradox of the economic blame game is a common phenomenon globally from the recent past right into the present times. With the global economic recession, a factor raising a lot of concern to all countries in the world is the issue of most famous world economies facing the challenge of negative economic growth.

Russia's gradual progress in the negotiations for acquiring the WTO membership, is a positive signal for the international community, as it reflects Russia’s willingness to have an open trade relations within the global commerce.

The cost of housing or for that matter for any commodity solely depends upon the demand-supply dynamics if it is allowed to operate in a free market without any government intervention. Housing demand was on an upswing since January 1993. The median housing price, which was $125,000 in 1993, doubled up to $250,000 by 2006.

As the government increases spending, the flow of money in circulation increases. There will be more employment, production, and trade. Employment gives people a source of income to use for household expenditures and other personal expenses. Government invests in infrastructure development that encourages investments in different areas.

Globalization is hailed as one of the most important phenomena of the modern age. For many, it is the force that has brought the people of the world together and it has also helped to erase differences regarding factors like race and caste. There are commentators who believe that the effects of globalization are not completely positive.

During deflation, the real interest rate is lower than the nominal interest rate. Therefore, central Banks must reduce the rate of nominal interest rates. But the nominal interest rates cannot be dropped below zero percent and the problem of zero-bound problems arises. When such problems arise, government and central banks must inject liquidity into the economy.

It is worth noting that just like economies that have developed over time so are economic theories. Even though the word “economy” may be old, modern economic thought dates back in time to the 1600s and 1700s when the world economies began their transformations from agrarian to industrial societies (Samuelson, 1986, 2).

Additionally, Massachusetts, in its 2011 fiscal year, made a six percent or $2.2 million cuts to its program for HIV/ AIDS prevention and cut down on dental benefits for around seven hundred thousand residents with low incomes in the Medicaid program (Gold 258). The Massachusetts budget also eliminated programs for health insurance aimed at illegal low-income immigrants.

This essay focuses on the analysis of the factors, influencing demand and supply in the fast food industry, and outlines the importance of the government regulation in this business. The success of the industry is attributed to financial support by banks, observation of government regulations and response to customers’ tastes and preferences.

Therefore unemployment rate may be computed using the formula below: Unemployment rate = Number of unemployed workforce ×100. The numbers of unemployed workers in the U.S in 1991 were 8.4 million while those employed were 108.5 people. To determine the official unemployment rate, it is important to determine the total labor force.

Therefore, considering the experience of the economy, the factors that led to this dominance, and the strength of the economy of the United States of America, it will not lose its hegemony as a whole. However, due to favorable policies and strategies employed by emerging nations such as China, Brazil, and India among others will continue to rise.

This essay primarily focuses on evaluation of the economic approach of the hotel management to the tickets pricing and quantity. As there were a threat of overcrowding, the economic decision was to raise the ticket prices. Restrictions on the number of tickets were an indirect way of setting high prices and at the same time reducing output level.

Democrats have additionally tried to advertise free and reasonable exchange. In view of the investment dynamism of the Asia-Pacific area, which is as of now home to more than half the worldwide economy, growing exchange with that locale is discriminating to make occupations and chances for the American individuals.

Name: Instructor: Task: Date: Macro & Micro Economics Economic Issues that Arise in the Decision to Get a Haircut Decision-making is a continuous activity that individuals partake on a day-to-day basis. It is common for managers to make decisions when seeking solution to problems that face organizations in the corporate world.

“Farmers and land owners earned huge profits, which attracted planters to the fertile lands of Gulf States. As far as the soil was fertile, farmers were assured of abundant harvest and high rewards “ (Calvo, para 1)As rewards from cotton farming increased, southern planters procured more captives to work in cotton lands and grounds to produce more cotton.