Economics Essays and Term Papers
Last update: August 26, 2014-
Welfare Economics
Question: If prices for medical care in private markets are considered to be ‘too high’, the Government might choose either to (a) regulate, by fixing prices below the equilibrium price, or (b) subsidise the consumers’ use of these services. Demonstrate the effect of each approach on price and the quantity demanded and supplied. Answer : (a) Because of the high prices for medical care in private sector, the government wants consumers use these services at
Rating:Essay Length: 1,044 Words / 5 PagesSubmitted: December 2, 2009 -
Identifying Economic Concepts in the News
Positive (or analytical) Economics is objective, without emotion or value judgements. It has to do with "what is," while normative economics has to do with "what ought to be." Positive economics is based on theory, probability, and statistical methods. When searching for positive economic statements I found in the business section of the September 12, 2005 issue of the Toronto Star an article based on the economies foundation and cheaper insurance. This business article
Rating:Essay Length: 373 Words / 2 PagesSubmitted: December 3, 2009 -
Economics Everywhere in Everything
Economics Everywhere in Everything When making an everyday decision, one fails to consider the economic concepts associated with any given choice. To exemplify how economic theories are incorporated into everyday life, we examine a typical Friday night outing with some friends. After eating dinner at a local Red Robin, and sipping Strawberry Margaritas at the bar, a group of friends decide they would like to check out the new club in Denver. None of the
Rating:Essay Length: 1,465 Words / 6 PagesSubmitted: December 3, 2009 -
Economics - Supply and Demand of Beef in the United States
There are significant supply and demand issues as to why the price of beef has risen in the U.S. First, the supply of beef shifted to the left because “in May, a cow in Canada tested positive for mad cow disease. Subsequently, a ban was placed on Canadian beef” (Gebhart, 2003) thus reducing the supply of beef to the U.S. “According to the U.S. Department of Agriculture, beef imports from Canada in 2002 equaled 3.9
Rating:Essay Length: 780 Words / 4 PagesSubmitted: December 4, 2009 -
Social and Economic Time Druing Shakespeare’s Era
William Shakespeare lived in England during to great periods in history, the Renaissance and the Elizabethan era. The Renaissance was an influential cultural movement which brought about a period of scientific revolution and artistic transformation that spread all through out Europe, it marked the transitional period between the end of the Middle Ages and the start of the Modern Age (“Renaissance”). The Elizabethan Era was the period associated with the reign of Queen Elizabeth I
Rating:Essay Length: 1,783 Words / 8 PagesSubmitted: December 4, 2009 -
Slow Economic Progress of India
Slow Economic Progress Of India The reasons for the slow economic progress of India can be classified under the following five heads: 1. Social Causes 2. Administrative Causes 3. Economic Causes 4. Political Causes 5. Technological Causes All these causes have been discussed in detail as follows: SOCIAL CAUSES 1. Religious Bigotry And Communal Violence: The communal violence and fundamentalism related violence leads to the draining of the resources of the nation as the government
Rating:Essay Length: 582 Words / 3 PagesSubmitted: December 4, 2009 -
Decision Making in Economic Analysis
An explanation of how decision-making is dealt with in economic analysis requires an examination of the main factors at play. These factors amongst others are looked at as a base for decision making. Supply and Demand are the most fundamental tools used in economic analysis. I will explain what demand is and how the demand curve is derived. I will also write about Supply and its relationship with Demand. I will examine equilibrium price (market
Rating:Essay Length: 739 Words / 3 PagesSubmitted: December 4, 2009 -
Introduction to Economics
Does either person have an absolute advantage in producing both products? Should these two planners be self-sufficient (each producing statements and answering phones) or specialize? Absolute advantage: The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service. A country has an absolute advantage economically over another when it can produce something
Rating:Essay Length: 334 Words / 2 PagesSubmitted: December 4, 2009 -
Economic Policy in Recent Us History
Economic Policy in Recent U.S. History In the highly materialistic world that we live in, success is generally measured in financial terms. The same is true in politics, where the success of a politician, especially the President, is measured by how well the economy did during his term in office. It is specifically measured by how well they bring down unemployment, grow the economy and fight inflation. Two basic modes of thought on the subject
Rating:Essay Length: 303 Words / 2 PagesSubmitted: December 4, 2009 -
Economic Effects of the Foreign Exchange Rate
INTRODUCTION This paper tackles the effects of the foreign exchange rate as a whole and how it affects the country and at the same time how it gets affected. This paper enumerates the advantages and disadvantages of having a strong Peso. The paper also discusses what factors affect the strengthening and weakening of the Philippine Peso. This paper also includes an in depth analysis of how the foreign exchange could affect and gets affected by
Rating:Essay Length: 3,653 Words / 15 PagesSubmitted: December 4, 2009 -
Economics
1. The Malthusian position on fertility and economics is distorted to some degree due to the time period in which Thomas Malthus wrote. His research and writings took place in the early 1800’s and this was a time period in which controlling fertility through contraception had not been fully accomplished. However, it is interesting to see what Malthus had in mind, because it preceded the “new” approach of the 1960’s. With that said, it is
Rating:Essay Length: 1,150 Words / 5 PagesSubmitted: December 5, 2009 -
Economic Analysis of Singapore and Jamaica
SINGAPORE Qualitative Economic growth Prior to becoming one of the leading economies in the world, Singapore was at a juncture where it was evident that economic growth was required to catapult the operation of the economy and this would only prove possible within a short time frame if qualified (successful) foreign companies saw the country as a viable hub for business operations. The country was hindered by inaccessibility of overseas markets, lack of domestic resources,
Rating:Essay Length: 274 Words / 2 PagesSubmitted: December 5, 2009 -
Henry Hazlitt’s Book Economics in one Lesson
Economics in One Lesson By Henry Hazlitt Dan Gardner History of Economics 360-001 Dr. Smith March 8, 2005 Economics in One Lesson By Henry Hazlitt Henry Hazlitt’s book, Economics in one lesson, brings to perspective numerous topics that are mainstream issues in the economy today. His book breaks down in detail specific concepts that have their effects on the economy. Hazlitt explains topics such as war and the expenses, the tariff system, and productivity
Rating:Essay Length: 2,066 Words / 9 PagesSubmitted: December 5, 2009 -
The Economic Problems of the Euro
The Economic Problems of the Euro In the past few years there have been massive amounts of news about the effects the Euro is having on Europe. Some of the news has been about the negative effects of the Euro. Like most good things, there is always something negative that comes along with the benefits. The Euro has been extremely influential in uniting parts of Europe. The main reason the Euro was created was because
Rating:Essay Length: 499 Words / 2 PagesSubmitted: December 5, 2009 -
Economic Indicators
Economic Indicators Economic Indicators Economic indicators are various layers of statistics that provide insight and information into how an economy is functioning. An economist might use economic indicators to paint a picture of current economic performance, or make future economic predictions. As a team, we will profile six economic indicators: Consumer Price Index, Capacity Utilization, Unemployment Rate, Producer Price Index, Interest Rate, and Inflation Rate. Historic charts for each indicator are included in our
Rating:Essay Length: 1,788 Words / 8 PagesSubmitted: December 5, 2009 -
Early Religious Effect on Economics
Aristotle Aristotle was born in Stagira in northern Greece in 384 B.C. In his early years he was a student of Plato’s Academy and later became a teacher there. After Plato’s death in 347 BC, Aristotle moved to Assos to council Hermias. While there he met and married Hermias niece and adopted daughter, Pythias. Hermias was captured and executed in 345 BC, which took Aristotle to Pella where he tutored the young Alexander the Great.
Rating:Essay Length: 2,798 Words / 12 PagesSubmitted: December 5, 2009 -
Economic Proposal
Looking through sport issues that were related to economics first posed as a minor problem for me because I found so many topics that were very interesting. The more I looked though, the more I found myself researching subjects that involved the development of stadiums and the impact that they have on the city, the economy, and the people that live there. Part of the reasoning for this new interest in stadiums is because of
Rating:Essay Length: 487 Words / 2 PagesSubmitted: December 6, 2009 -
Economics
# Learning Objective. The student should be able to: 1 describe the process through which savings are directed to productive investment in direct and indirect finance. 2 define with examples: primary and secondary markets, brokers, dealers, OTC markets, exchanges, money market instruments, Eurocurrencies, Eurobonds. 3 distinguish between equity and debt securities and state the pros and cons for both investors and issuers. 4 describe major macroeconomics measures (GDP, rate of growth, productivity, unemployment rate, major
Rating:Essay Length: 264 Words / 2 PagesSubmitted: December 7, 2009 -
Economic Interpretaion (c. A. Beard)
Charles Beard's "Economic" Interpretation In 1913, Charles A. Beard (1913 [1935]) consolidated various scholarly views of the Constitution and, in the process, offered what became identified as "the" economic interpretation of the Constitution. Beard (pp. 16-18) argued that the formation of the Constitution was a conflict based upon competing economic interests - interests of both the proponents and opponents. In his view, the Federalists, the founders who supported a strong, centralized government and favored the
Rating:Essay Length: 360 Words / 2 PagesSubmitted: December 8, 2009 -
Foreign Exchange Rate Sensitivity and Stock Price : Estimating Economic Exposure of Turkish Companies
FOREIGN EXCHANGE RATE SENSITIVITY AND STOCK PRICE : ESTIMATING ECONOMIC EXPOSURE OF TURKISH COMPANIES INTRODUCTION Variability in exchange rate is a major source of macroeconomic uncertainity affecting firms. After the 1970’s, the rapid expansion in international trade and adoption of floating exchange rate regimes by many countries led to increase exchange rate volatility. The firm’s exposure to exchange rate risk increased. In the literature three types of exposure under floating exchange rate regimes are identified;
Rating:Essay Length: 1,640 Words / 7 PagesSubmitted: December 8, 2009 -
Industrialization - Economic Change and Effect
Industrialization - Economic Change and Effect Since the 19th century, industrialization has had positive and negative effects on the live of workers. Industrialization is the process of modernization and mass production of most goods. This also includes but not limited to mining and the forging of iron. An area where industrialization had a massive effect was in Eastern Europe. It emerged as a need to modernize and unify Europe. Although Britain led industrialization at first,
Rating:Essay Length: 494 Words / 2 PagesSubmitted: December 9, 2009 -
Why Is the Work of Adam Smith Considered So Crucial in the Development of Economic Thought?
Why is the work of Adam Smith considered so crucial in the development of economic thought? Adam Smith is widely regarded as the father of economics as a social science, and is perhaps best known for his work The Wealth of Nations. Throughout this work Smith states and informs towards his belief that society is not at its most productive when ruled over by rules and limitations with regards to trade, and that in order
Rating:Essay Length: 1,598 Words / 7 PagesSubmitted: December 9, 2009 -
Macro Economics
Keynesian Economics Macroeconomics, branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total national output and income, unemployment, balance of payments, and the rate of inflation. It is distinct from microeconomics, which is the study of the composition of output such as the supply and demand for individual goods and services, the way they are traded in markets, and the pattern of their relative prices. At the
Rating:Essay Length: 1,667 Words / 7 PagesSubmitted: December 9, 2009 -
Economics Paper
A project in which we had to find a home anywhere in the United States, and we had a certain salary based on the cost of living in that area, then we had to describe what our lifestyle would be like. I would be making a salary of approximately 40,000 while living in Colchester, Vermont. My home I chose is an apartment which I would rent. It is located on 521 Bay Road, in Colchester.
Rating:Essay Length: 423 Words / 2 PagesSubmitted: December 9, 2009 -
Population Growth and Economic Development in Nigeria
1.0 Background Of The Study Over the years, it has become established that the Existence of an efficient and effective human capital is the key to economic growth and development in any nation. This stems from the fact that every other facility and resource required for economic development is driven by the availability of human capital. More so, in the absence of effective human capital development, an increasing population can have adverse negative effect on
Rating:Essay Length: 453 Words / 2 PagesSubmitted: December 10, 2009