Macro & Microeconomics Essays

The author elaborates the existence of profit economies and profitless economies with a desire to preserve the cultural identity against the complex interaction of globalization, trade and culture from an economic point of view. As the book opens, Cowen examines the dominance of Haitian music among numerous cross-cultural regions.

The International Labor Organization defines unemployment as the number of workers who are currently not working, although are willing and able to work for the available pay, have actively searched for work, and are currently available to work (Timmons, 2008).

The main idea behind austerity and stimulus dispute is simple; if you got a lot of debt then you should stop spending to avoid a financial crisis. The argument emerges when the government hinders certain economic growth due to its cutbacks. The cutbacks will mostly be brought by the number of reduced tax revenues. 

The current economic situation being witnessed in the Britain has led to the Government admitting that it is its past strategies and approaches towards dealing with the economic crisis that faced Europe in 2008 that have led to the economic failures being witnessed in the country.

The perception that growth of money is entirely not relevant for inflation is quite surprising. One of the ancient and most held economics propositions is the idea which suggests that persistent variations in level of prices are directly linked with money supply.

The scarcity imposes a variety of constraints on both the choices of the society and the opportunities open to members. Economists, therefore, examine the activities of consumers, producers, suppliers of resources and the actions of the government in an attempt to examine how resources will be allocated efficiently.

When it comes to agricultural products which are among Finland imports, specific duties are normally imposed on weight or quantity or in some cases the combination of the two of the weighted-based and percentage duties applied. Most agricultural products fall under a sensitive category according to the EU regulations where there is limited tariff reduction.

Since then the world economy has passed through several stages of crisis including inflation, debt crisis, housing market crisis, financial recession, etc. The weaker performance of the economic index led to rising demand for gold and the prices of gold increased. The recovering signs of the world economy led to the fall of gold prices.

U.S. government policies on economy This paper will look at four policies developed by the US government to influence economic growth and productivity. Also, it will assess whether each item has improved or reduced life quality, and make fitting recommendations that may enhance the policies.

The management of these institutions has come out to calm the current rough terrain experienced in the markets. According to Brian Milner of The Globe and Mail in his article “Central bankers’ rush to calm jittery markets”, he asserts that the Central bankers are really trying hard to bring comfort to the markets.

Keywords: monopolistic, oligopolistic, competition. The Mechanics of Profit Maximization Answer the following questions to the best of your ability 6) The demand function is Q =100 - . 5 P. The cost function is TC = C =100 + 60 (Q) + (Q) 2: A) Find the MR and MC.

The conditions and the consequences of education are varied and in trying to get into too many numerical exercises while doing the empirical analysis, the main essence might be lost in the process. There might also be bias in the selection of the sample. The educational levels of regions and communities vary.

Generally, the unemployment rate in Germany by September 2013 was 5.2%, a significant drop from 5.3% recorded in August of the same year; the German employment rate is configured as the number of people searching for a job as a fraction of the entire country’s labor force (Heritage Foundation, 2013).

In order to retain the competitive advantage and sustainability, IKEA decided to enhance its customer base so as reduce the fear of new entrants. This might be possible only if IKEA desires to introduce varied types of inventive products. This might prove effective for the organization of IKEA to attract a wide range of customers.

The Wage setting model of unemployment Particularly it is assumed that the economy is split up into a number of sectors, with each sector producing one good. Each good is however assumed to be solely produced by labour. This means that each good is a final good as opposed to an input into other goods’ production.

For the Love of Water (FLOW)." "A Note on Water" Name School Water being the most essential element of life is sadly being turned into a business item. People believe that as water comes from heaven then it should be free and all should have access to it. Sadly this is not the case on the ground.

As from 2007, maintaining financial stability, rather than taming inflation was the Federal Reserve's main goal (Jickling 1). Although the Federal Reserve tried to manage the emerging crisis, the issues present were so complex, such that they defied conventional solutions.

Most baby boomers are headed for retirement and are being replaced by Generation Xs and mostly Generation Y who are tech savvy and have cultural diversity. There is rapid technological growth in the world today, and despite fears that most companies adapt development technologies from overseas, the rapid advance of ideas and the demand for constant upgrades assures technology professionals of job security in the next five years.

The bilateral investment treaties between countries in the EU and China regulate and stimulate investment flows between the two countries. Such treaties include Italy China BIT and the UK-China BIT. For instance, UK-China BIT which is mainly a tax treaty signed in June 2011, is meant to create a favorable investment atmosphere between the UK and China.

The objective of this paper is to evaluate the probable effect of the commodity market boom in the Western Australian economy’s sector of the iron ore. The iron ore production in the Western Australian economy explicates 97% of total production in Australia

One of the crucial decisions in any joint venture for the owners and the project managers is the selection of a suitable contractor for the construction project. Hatush & Skimore (1997) identified five main areas that should be used in the assessment of a contractor that could help in the overall selection process.

China’s Inflation and related factors. This excerpt is from Dow Jones Newswires magazine. It considers the rise in inflation in China with connections to variations in GDP rate. The article even highlights the factors that are attributed to such rising inflation and GDP.

Absenteeism has evolved into the top workplace problem in recent times (cited in Perry,1996,p.78). It is considered non-attendance when a worker is scheduled for a certain task and he( or she) does not appear at work(Van der Merwe and Sylvia,1988,p.3). Vacation, study, or maternity leaves are not included in non-attendance.

The definition of immigration varies from country to country. For some countries, immigration also includes those people who do not have the nationality of that particular country (OECD, pp.28). For different reasons, which significantly include economic impacts, immigration has become extremely important for many people.

It was published after the Australian government increased the taxation on cigarettes and vowed to legislate for the plain packaging of cigarettes to deter its use. The Australian government was wary of high smoking rates among its citizens. It was concerned about the health issues that this can pose to the health of its population and the working class.

The economic recession has ended and almost all economies are now showing recovering trend. However, at the same time, the condition of the American economy and national income is worth worrying about. Similar, thoughts are presented in the article written by Rober Pear in The New York Times, with the title “Recession Officially Over, U.S. Incomes Kept Falling” (Online Version).

This article focuses on the use of various macroeconomic indicators. Macroeconomic indicators are statistical indicators of the economy of any country that reflect the different economic sectors of the state (the labor market, real estate, industrial and trade sectors, etc.). Stock market traders are actually using fundamental analysis for the trade; keeping track of the values of key macroeconomic indicators.

Gross Domestic Product is the money value of all goods and services produced in an economy during a given year. Nominal GDP is that which has not been adjusted for inflation. It measures the value of output during a given year using the prices prevailing during that year. Over time the general level of prices rises due to inflation leading to an increase in nominal GDP.

FairTax bill is not in the complete form of enforcement. It has many reservations & concerns regarding the country’s economy & also with individual households. Although it contains features like a rebate system & the strongest point is the implication of the same amount of tax for everyone, something is still missing.

Laissez-faire is a type of economy that promotes a free market and believes that government should not intervene in the decision-making matters of the state. A Laissez-faire economy liberates an economic system where self-interest is the key role performed by the people of the country and also which is the best and the most efficient way while carry out economic practices.   

The UK subprime mortgage crisis initiated rigorous fiscal market upsets. These upsets, together with the extensively reported credit crisis, have deepened what otherwise might have been a placid financial slump. The UK financial system is now in the middle stages of a financial slump. A number of regions of the country will undergo excessively harsh financial situations.

Research in Motion (RIM) is the maker of the successful line of smartphones popularly known as Blackberry smartphones. They incorporate features like push email, instant messaging and on-the-go connectivity with the social world. The company grew to become one of the leading smartphone makers in the world, lacking behind only Apple’s iPhone, Android phones and Windows-based phones.

The discussion remains as to what level of development should a country open up its markets to the world. In the past, the focus had been on the structural adjustment loans to the developing nation by the world bodies to motivate them to liberalize their trade policies. The focus has moved to the removal of all protectionist policies.

The term “monopoly” indicates a market structure where one business dominates the market due to the absence of competition. In addition to this classical definition, the modern use of the term “monopoly” also indicates market structures where market entry is highly discouraged. Market entry can be discouraged through a host of inhospitable measures

The company has been involved in building a plant in the year 2009 (Amyris a) and in this project the company was using synthetic technology in order to make fuels by changing the sugarcanes and at the same time making sure that the chemicals are removed.

Total Revenue = Total Costs Output Price x Output Units = Total Fixed Costs + Unit Variable Cost x Output Units $25 x 200,000 = (TFC + $22) x 200,000 $5,000,000 = (TFC + $22) x 200,000 $5,000,000 = total revenues TFC = (p-v) times X where p is the unit sale price, v is unit variable price, x is unit sales TFC = ($25 - $22) x 200,000 = 3 x 200,000 = $600,000 Total Fixed Costs Profit = revenues – (Fixed Costs + Total Variable Cost) P = $5,000,000 – FC - $4,400,000 P = $600,000 - $600,000 = 0 Assuming a $1,000,000 Fixed Cost $4,400,000 + $1,00,000 / 200,000 = $5,400,000 / 200,000 = $27 Average Total Cost The business sustains a $400,000 loss in scenario two In the third scenario: P = $5,000

More and more forms working tilting the same hectare of land will yield fewer and fewer extra bushels of grain. In agriculture the large the population with the amount of fixed, the higher the price of food must go even though total food production is greater. Malthus identified the substance wage, with foodstuff the workers’ wages are what workers eat.

Economists define money as the medium of exchange in the form of coins and banknotes. The use of money lies in the transaction processes in exchange for goods as well as services. Commodity money is treated to be the good whose value serves as the value of money. There is no readily identifiable group of assets that all economists would agree are money.

Football has demonstrated strategy, highly structured competition, clear outcomes, and profitability. In his book, Baye (267) identifies four market structures which include: competitive market, monopolistic market, monopolistic competitive market and oligopoly market structures.

This essay primarily focuses on the evaluation of the practical viability of two distinct socioeconomic theories, that explain consumption behavior of different groups of people. The theory of Life Cycle Hypothesis considers the age as the core factor. The second theory propagates the belief that people are divided into planners and reactors.

The federal government uses macroeconomics to assess and analyze the alterations in rates of taxation and supply of money which in turn influence economic parameters like inflation and unemployment. John Maynard Keynes developed Macroeconomics to build theories and policies to ensure the Great Depression of the 30s does not happen again.

The policy implication promotes the policy of such programs for the parents to get their children into preschool programs for the child’s intellectual, cognitive, and readiness development. This policy seems agreeable. This fact cannot be neglected that these programs play a vital and progressive role in the upbringing of children.

Even though the same report pointed out that the budget deficit would reduce markedly from $1.1 trillion in 2012 to around $200 billion in 2022, representing 58 percent of the GDP, it painted a grim picture of the economy (Kogan, 2012). Notwithstanding, the present economic pressures would make it hard to reduce the deficit unless stern and sound policies and regulations are put in place.

All of them offer Chinese foods and other restaurant services on their menus (native foods). This industry is competitive since there are many players but each restaurant is able to attract clients. In addition, each restaurant has a group of loyal customers.

It will require more units of money for the same goods and services purchased or the number of goods and services purchased with the same amount of money is reduced. In effect, inflation is the loss or the diminishing of the value of money in a given economy. In plain language, inflation is the instance where goods and services get expensive.

The public is still relatively unaware of the seriousness of this issue, and many women are still hesitant or do not where to receive regular breast screenings.  Public health initiatives are designed to bridge this information gap.  They give members of a given community access to life-saving information and resources.  

This essay mainly focuses on the assessment of the current macroeconomic developments in the United States. The issues arising from selected policy prescriptions are discussed with reference to government expenditure for maintaining social security system in US. Alternative policy solutions to current crisis are also presented in the paper.

Global communication facilitated by the Internet transmits instant news and information in every part of the world. The young people use the tool as easy access to information and knowledge, as well as communicating with friends through social networking sites.

Inequality in reproductive health is indicated by fertility rates in adolescents and maternal mortality. Economic activity inequality is measured by the rate of participation in labor market by each gender. The GII value of Senegal is 0.54. Compared to Uganda and Cote d’Ivoire which have GII values of 0.517 and 0.632 respectively, Senegal’s GII value is relatively large.

From 1940 to 1960, the annual rate of growth in actual health spending per capita averaged 3.6%. In the 1960s, the annual rate of growth in actual health spending per capita was 3.6%. In the 1990s, the figures were 6.5%. The fraction of GDP accounted for by health care spending increased from 4.5% in 1940 to 12.2% in 1990.