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Economics Essay Examples

The Welfare Economics Theorem
According to Cowen (1991), a market failure might refer to a situation whereby the allocation of resources in a free market is not efficient. This means that the market gains for some of the participants and agents (buyers and sellers) of the market would enjoy...
Pages: 10 (2500 words) , Term Paper , Management
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Economics and Environment Policy
It is quite important to note that if there is a factory operating over a substantial period of time and polluting the surrounding area all along the way and the local population is suffering for that reason then a negotiation committee should be set up...
Pages: 6 (1500 words) , Research Paper , Environmental Studies
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Economics Education and Greed
The epistemological assumptions that underpin the research questions mainly revolve around the frequent corporate frauds and the culprits being business school graduates. Epistemology requires answers to questions such as how reality can be known. The realistic assumption that supports the hypothesis is that the ethical...
Pages: 14 (3500 words) , Coursework , Finance & Accounting
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Two Fundamental Facts Of Economics
People were switching over from motorcycles to cars. So, to keep up with the market, in 1963, Honda released its “first sports car, in Japan” (HA, par. The Honda Civic debuted in 1972 and was “ranked first in US fuel economy test” (HA, par. Civic...
Pages: 7 (1750 words) , Essay , Macro & Microeconomics
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Economics: British Airways
Each of the operating companies in the industry has pricing power and can set the prices according to its wish. Each company has the potential to affect the market but is also affected by other companies (Del Oro social Science Dept. There are some barriers...
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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Definition and Meaning of Neo-Classical Economics
Invariably we tend to look at others to see how others behave before deciding on how we behave. Tim Jackson’s Motivating Sustainable Behaviour indicates the effect of the influence wielded by the society on individuals. People learn from what others do (Albert Bandura 1977) and...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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Global Capitalism & Neoliberal Economics
The world forever changed the morning of September 11th, 2001. The attacks on the World Center represented the most serious terrorist acts ever carried out on US soil. A watershed moment in world history, that fateful morning will forever be engrained in the American national...
Pages: 7 (1958 words) , Case Study , Politics
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The Economics of Airlines and Airport
The Government commissioned one new terminal at Heathrow airport, which has just become functional and this expansion was justified on the basis of the projected gains of  5 billion pounds. The arguments that have been advanced suggest that an expansion of Heathrow through the additional...
Pages: 8 (2000 words) , Case Study , Business
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International trade: Important branch of economics
In many countries there is a tendency of people to buy goods from other prestigious countries in spite of the fact that the goods are produced in their own country. In this context the country suffers a lot as it has to spent unnecessarily a...
Pages: 6 (1500 words) , Essay , Business
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Economics of Development
This paper illustrates that one of the frequent reasons for business failure is poor management and insufficient and poor management of financing comes second. For starting or relocating or expanding a business sufficient capital is required. Having good financing is not enough in attaining profits;...
Pages: 7 (1750 words) , Essay , Finance & Accounting
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Concepts of Home and Family:Progress in Home Economics
The concepts of home and family comprise key components of home economics for a very long time. When home economics programs began to take shape in US economic and social climate was considered dull. To achieve sustainable and optimal living for individuals and community home...
Pages: 4 (1000 words) , Assignment , Family & Consumer Science
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Economics and Controversy over Executive Compensation
The author accentuates that since the CEOs were entrusted so many key responsibilities, it would be unfair to criticize them when they received a bonus or high salary, more so when the company was doing very well. Money was the greatest factor in driving CEOs...
Pages: 6 (1655 words) , Case Study , Management
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Petroleum Economics and Asset Management
The internal rate of return was also considered since it is a special case of the net present value approach. Through this approach, an interest rate that would exactly discount each project's estimated future cash flows to the present value of its initial capital investment....
Pages: 8 (2000 words) , Case Study , Management
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The Economics of Organization: The Transection Cost Approach
A classic case study in the economics of organizations, and pertinent to this discussion, regards the relations that prevailed between General Motors, Inc. and the Fisher Body Company, Ltd. during the 1920s. Accordingly, the first of accounts to be provided was by Klein et al,...
Pages: 9 (2250 words) , Essay , Business
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Economics as a System of Belief
Any empirical evidence of the corporate giant controlling the market and the planning sectors simultaneously is very hard to come by. In the first place, Galbraith wasn’t clear about his division between the planning sector and the market sector. His reference was in fact to...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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The Importance of Commercial Banks in Economics
Central banks issue and cancel currency (legal tender). They are the only banks with a legal mandate to create and issue currencies inform of notes and coins. Central banks are responsible for regulating the quantity of all notes and coins issued. They also protect the...
Pages: 17 (4250 words) , Assignment , Macro & Microeconomics
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The Economics Behind Cost and Benefit Analysis
Nonetheless, as shown in the above graph, any kind of government intervention in the market would surely reduce the level of consumer and producers surplus in the industry. For example, if the government increases the incidence of taxation on sellers (as shown in the above...
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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FDI in the Context of the Modern Economics
The concept of foreign direct investment is one of the most complex and intricate topics of modern economics. The complex structure of the flow of investment between transnational corporations (TNC) can be classified into two categories; outward investment by domestic firms and inward investment by...
Pages: 10 (2500 words) , Assignment , Macro & Microeconomics
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Economics and Geographical Location of Taiwan
The whole population is also subjected to the health care system that was instituted in 1995. It is a single-player necessary social insurance plan which centralizes the disbursement of health-care funds. The system also ensures that there is equal access to health care for all...
Pages: 8 (2000 words) , Term Paper , Geography
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Economics Of The Countries In The Middle East
Turkey is highly dependent on imported oil and gas. The country imports about 97% of its energy. Since the country has great ambitions of strengthening ties with other Middle East countries as well as maintaining good relations with the West, the dependence on imported energy...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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Veblens Impact on Technology and Nature
Veblen views regarding the natural resources and technology appear to be containing some of the striking inconsistencies in the preceding analysis on exploitation and waste of resources. Notably, Veblen, on the other hand, felt that the natural resources are extremely valuable in a social construct....
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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Pakistan Food Potentials - the Growth Rate in the Food Industry
The economic development of countries in the development and wide are of their economic activities there are many economic factors such as the macroeconomic factors like a large quantity of investment has a great impact on the economic development. The effective system of goods and...
Pages: 7 (1750 words) , Essay , Business
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Behavioural Finance and Neuroeconomics
Standard economics is only interested in the outcome of the human behavior. Neuroeconomics is concerned with what brings about the outcome, and the final decision (Cunningham, p. 38). An outcome is often perceived to change with the decision making process. This is what NE strives...
Pages: 7 (1750 words) , Assignment , Business
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Balance of Payments and its Equilibrium
In theory, the total between the current and financial accounts is zero (Wang, 2009, p.80; Van den Berg, 2010, p.67; Snowdon and Vane, 2002, p.28). This only means that adding these two components should zero each other out. However, this is not usually met in...
Pages: 10 (2500 words) , Literature review , Macro & Microeconomics
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The Theory of Demand and Supply as an Organization Principle
The existence of a market structure is sustained by demand and supply, with both functioning to service the numerous interests of the society. For a given commodity delivered in the market for exchange, demand measures the quantity that buyers/consumers would be willing and able to...
Pages: 6 (1500 words) , Assignment , Macro & Microeconomics
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The Factors Which Affect Monopoly: Changing the Supply and Demand of Products
Monopoly has a diminishing effect on competition as it doesn’t give room to any firm for competition and thus this leads a company to be more concerned about its shareholders than about its image or dealing with the customers. For example, Self-interest and income exist,...
Pages: 8 (2000 words) , Research Paper , Management
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A Critical Examination of the Werturteilsstreit
In the above article, Willis identifies a variety of economic issues that have come to the surface as and when decisions were made. In the same article, the Chairman and Chief Executive Officer Kenneth D. Lewis of the Charlotte, A North Carolina bank made reference...
Pages: 12 (3000 words) , Research Paper , Social science
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The Present International Monetary System
The present international monetary system lacks in clarity in operation. Often, the policies formed and implemented by the IMF and World Bank lacks theoretical justification. One such policy might be their strong position as the proponents of laissez-faire. The free economy without any sort of...
Pages: 6 (1500 words) , Essay , Finance & Accounting
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The Correlation between the Solvency of the Demand of the New Yorkers and the Willingness of the Sellers to Offer Goods at a Certain Price
The current recession, which started in 2008, is blamed as the major culprit for the ballooning of the poor individuals in New York City. The recession brought a lot of companies into the unfavorable quagmire of bankruptcy. With bankruptcy enveloping some of the companies in...
Pages: 9 (2250 words) , Term Paper , Social science
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The Government and the Bank of England in Running the British Economy
The service sector contributes to almost 74 percent of the economy is slowing and falling. The construction sector makes up a total of only 6% of the entire GDP of the economy. The Bank of England and the British Chamber of Commerce have forecasted that...
Pages: 7 (2186 words) , Assignment , Macro & Microeconomics
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An Analysis of the Strategic Situation of the Aviation Industry in Dubai
 The Oxford Economics report that Dubai‘s aviation model works because of a combination of factors, including a national appreciation of the importance of the industry and the efficient operating practices. According to Oxford Economics ”The success of the Dubai aviation sector derives from a number...
Pages: 7 (2016 words) , Case Study , Business
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Behavioral Model of Rational Choice
The bаsis of Williаmson’s аpproаch is thаt the vаriаbles in the mаnаgeriаl utility function аre enhаnced by certаin types of expenditure. In his bаsic model, he identifies three types of expenditure thаt he thinks аre pаrticulаrly relevаnt. This аre expenditure on stаff, reflecting the ideа...
Pages: 13 (3250 words) , Case Study , Management
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Real Business Cycle Theory and Demand Shocks Cycle
Real business cycle models are characterized by a neglect of demand shocks and highlight technological productivity shocks that are the primary source of economic fluctuations. The strong assumptions of supply-driven dynamics and demand determined influences are considered in accordance with real business cycle theory. According...
Pages: 7 (1750 words) , Literature review , Business
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Adam Smith's Theory in the Current World Economy
The free market economy is still the dominant force in the world market today. It will always be an integral part of every economic activity. Yet, even countries like the USA and in Europe, a perfectly free market economy doesn’t exist in reality.With the pressing...
Pages: 6 (1740 words) , Literature review , Macro & Microeconomics
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Rise and fall of World Empires
Apart from the Roman Empire, the economic factor was also critical to the rise and fall of the China Dynasty. After the Warring States era, the Qin and Han dynasties, which formed the china empire backed free farmers, which owned tracts of land and could...
Pages: 7 (1750 words) , Term Paper , History
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Why Having More Choices Is Beneficial
This paper tells that when people are presented with a variety of choices, it would be beneficial if it would promote competition amongst the providers of the service or products. It is important to explain that competition in a business environment is healthy, and this...
Pages: 6 (1500 words) , Essay , Business
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Save More Tomorrow Schemes Adopted in the US and the UK
The paper tells that the Save More Tomorrow plan also is known as the SMarT plan allows low-saving employees to literally save more. The plan uses the theoretical framework of ‘choice architecture’ describing their low-saving behavior as a “mistake” and subsequently creating an environment that...
Pages: 7 (1750 words) , Essay , Business
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China Unique Health Care System
Zhou & Zhang (2010) states that unlike the US and UK, China's health care economics has experienced a unique expansion over the last two decades. As of 2012, the Chinese government on health care services had grown to $ 357 billion from $35 billion in...
Pages: 9 (2500 words) , Literature review , Business
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Analysis of Leadership Experience
I was a volunteer for my local tree-planting and environmental protection program. I have been participating in it with my class for free days. This was something I enjoyed because I was able to work for the environment and, at the same time, contribute to...
Pages: 3 (750 words) , Personal Statement , English
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Analysis of the Relationship between Competition Policy and Economic Regulation
Hence many countries and regions are now following the deregulation by trying to implement the best practices in other systems and avoiding the worst mistakes. A major problem with the deregulation is that it is based on a very weak logical foundation for improving efficiency....
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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Wages and Fringe Benefits
The theory works well within a firm or organization. It does not explain the performance and output of new employee or any other employee of the same rank in the different organization. The supports employees get in different organizations, resources available to them, level of...
Pages: 21 (5250 words) , Term Paper , Finance & Accounting
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Impact of Convergence on China`s Financial Development and Economic Growth
Financial functions control the investment and saving decisions, technological innovations and therefore economic growth (Shahbaz, Khan and Tahir, 2013).Classical theories: The Ricardian theory of production and growth are related to the law of variable proportion. The law states that if any factor of production is...
Pages: 11 (2750 words) , Coursework , Macro & Microeconomics
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Price Elasticity of Demand in Perfect Competition
 Due to the ease in an entry in the market of new players, competition makes the profits of the firms lower. Since the market is too crowded with firms, the price would fall down. This would, in turn, generate just meagre profit for producers. Industries...
Pages: 8 (2000 words) , Essay , Marketing
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Cigarette Taxes, Prices, and Consumption
For many years, the cigarette has been regarded as a commodity ideal for taxation, since it is not a necessity and is bought by many people. As early as the eighteenth century, Adam Smith proposed in his book Wealth of Nations (1776) that a tobacco...
Pages: 6 (1500 words) , Essay , Law
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How Will Current Economy Effect the Business in the State of Ohio
In his research Suttell (2014), reported in Cleveland Business that Ohio’s economy is falling behind those of many Great Lakes neighbors. Ohio was ranked number 35 using various measures. A July Jobs Report indicated that Ohio had lost 12,400 jobs in July. This was the...
Pages: 4 (1260 words) , Case Study , Macro & Microeconomics
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Law of the European Union
Thus, prices of goods and services are fixed by the elasticity of demand. In other words, the degree of responsiveness of demand to the changes in price determines the worth of a product5. Logically, the higher the price, the lower the quantity demanded and vice...
Pages: 5 (1250 words) , Essay , Law
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Global Trading with the US Pros and Cons
Economically speaking, every country is interested to promote its own satisfactory economic growth, relatively full employment and stability of prices of goods and services by maintaining a low level of inflation.  The latter are coincidentally the similar goals of both fiscal and monetary policies.  As...
Pages: 21 (5250 words) , Term Paper , Macro & Microeconomics
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Analysis of The Fisher Theory
According to Irving Fisher, the real rate of interest is the most important price in the economy. This is because real rate of interest provides the worth of consumption at present in terms of consumption in the future. Fisher was pretty much interested in measuring...
Pages: 8 (2000 words) , Essay , Finance & Accounting
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Economic Growth Rate, Inflation Rate, Unemployment Rate
Generally speaking, the standard of living of a country is often measured by the per capita GDP. It will not be wise to think GDP per capita to be the measure of personal income. If the economic theories are taken into account, then per capita...
Pages: 5 (1325 words) , Assignment , Macro & Microeconomics
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US Domestic Direct Investment
Considering the changes in the direct domestic investment in the year 2014, there is a need to check the dynamics of 2013. By the end of 2013 (Dec, 31st 2013), the direct domestic investment was $ 2.745 trillion. March 31, at 2014, saw the data...
Pages: 6 (1500 words) , Essay , Business
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