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Essay Samples on Macro & Microeconomics

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Evaluating theTiebout Supply of Local Governments
Competition among local governments, cities and municipalities, as depicted in Tiebout’s model, most at times serve to improve efficiency and delivery of service and goods to the citizens. Based on Tiebout’s model, where there is competition, citizens will come together to take care of all...
Pages: 6 (1500 words) , Essay , Economics of Education , Civic Engagement
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European Single Currency
A single currency could secure that a member state would not have to worry for unexpected turbulence in the international market since these turbulences would be absorbed and controlled by the single currency which is quite strong to face such pressures (De Haan and Oosterloo 2009)....
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Economics and Politics of The Organization ASEAN
On the other hand due to the imposition of some import duties the import also declined substantially.  However, that could not prevent the balance of trade from declining. There was a 9 percent decline in the trade balance in this period. After that Indonesia faced...
Pages: 15 (3750 words) , Essay
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Explain why the level of profits differs between market structures
J. Hoag and J. H. Hoag, 2006). The theory of perfect competition states that a firm can earn only abnormal profits in the short run, but in the long run, it can earn normal profits only. Normal profits indicate the minimum amount of profit, which...
Pages: 6 (1500 words) , Essay , Profit Maximization , Perfect Competition
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Economics for Business: Individual Portfolio
Due to this, UK government has to intervene and provide support by reducing discount rate, equity participation as well as through quantitative easing. Falling Housing Prices One of the key reasons as to why the economy further made a slide into recession was the drastic reduction...
Pages: 7 (1750 words) , Essay , Comparative Advantage
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Explain and discuss the meaning and measurement of income inequality in a developed economy (eg UK).Critically discuss, using relevant evidence, the possible economic causes and consequences of an increase in income inequality for a developed economy
The commonly used measures include the Lorenz curve and the Gini coefficient (Milanovic, 2011 p. 17). The Lorenz curve is important in showing the relationship between the cumulative percentage of households and the cumulative percentage of income. This is done after the households whose data are...
Pages: 6 (1500 words) , Essay , Inequality , Income Inequality
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Explain the different reasons why we observe low levels of intake of health micro-insurance in many developing countries
One of the Millennium Development Goals (MDGs) was to provide affordable healthcare through allocating at least 15% of the GDP in the health sector (Diop, 2005). However, with the realization of this goal remaining a dream for most countries in Africa, the government hospitals remain...
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Economic Development Strategies of China after WWII
China, Deng believed, needed “to carry out major reforms in the various branches of the economy with respect to their structure and organization as well as to their technology” (Schuman 129). This way he hoped that Chinese peasants and industrial workers would garner more benefits...
Pages: 6 (1500 words) , Essay , Going After Cacciato
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Economic Development Strategies of China after WWII
Some feared Chinas opening to the world would allow corrupting influences to seep into society that could threaten Communist rule. Others thought Deng was ditching Communism altogether. As a Communist Deng, rejected large swaths of Maoist doctrine and turned China toward the international capitalist economy. The...
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Econometric Project
For easier analysis, the 14 ethnicities can be collapsed into just five: white, mixed, Asian, black and Chinese. The summary is as shown below: Whites make the highest proportion of respondents followed by Asians and blacks. d. Age The histogram for ages of respondents and summary statistics are...
Pages: 8 (2000 words) , Essay
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Endogenous Generation of First Mover Advantages
We'll take an introductory look at game theory and the terms involved and introduce a simple method of solving games, called backwards induction. “Game theory was developed in the 1950s as a means of using mathematical models to analyze conflicting economic phenomena and to find...
Pages: 10 (2500 words) , Essay
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Economics of Social Policy
Free market economy expresses a principle of laissez-faire economy since it has no any form of restrictions, government taxes to meet, tariffs, subsidies and other government regulations (Jack Quarter, 2009). Consumers...
Pages: 7 (1750 words) , Essay , Social Policy , Samuel Becketts
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Economic developments in Germany and their impact on the EU economy
The regional integration implies the inclusion of all of the member states under the umbrella of a union characterized by free and costless trade. That would definitely bring about the benefits of the trading partners through an efficient allocation of the resources regionally and the...
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Economic Development in India
  Inflation is another major setback to the Indian economy. Fuelled by rising cost of food, property prices and wages, inflation in India is an increasing problem. The current inflation rate stands between 10-12%. This rise in the inflation rate has been a major problem despite...
Pages: 6 (1500 words) , Essay , Population Growth
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Economics of Banking
38). So, the interest is the main revenue of the banks on the basis of which it earn and do business and compete with other banks. The major players of the banks are the depositors (loaning their money to banks) and borrowers (taking money from...
Pages: 7 (1750 words) , Essay
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Explain how bank's risk taking behavior prior to the 2008 financial crisis can be explained by the theory of moral hazard. In particular, explain and refer to theories that link financial leverage to incentives for excessive risk taking
Transparency and Market Discipline The post crisis analysis revealed that the market discipline forces were really weak and imperfect market information transmission led to more confusion among investors. Along with that, defective representation of bank’s financial reports and...
Pages: 6 (1500 words) , Essay
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Economics Coursework
Similar to demand, there are factors other than price that can shift the supply of product or service. Further, these factors are present for the supply of almost all goods and services (Mankiw, 2009). The supply of the owner occupation housing at similar price can...
Pages: 6 (1500 words) , Essay , Demand
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Economic
There were several reasons for which industrialization had taken place in these economies at such great speed. The low cost of motivated labour force, high level of foreign investments, economic competitive advantages, structured societies and strategic locations were some of these reasons. Among all these...
Pages: 6 (1500 words) , Essay
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Economic analysis of the current residential housing market in Houston
This in turn caused a movement from point A to point B causing a right ward shift demand curve from D1D1 to D2D2 as indicated in 1.1. Additionally, change in population demographics such; as increase in population, could have contributed to an increase in demand...
Pages: 6 (1500 words) , Essay , Public Choice , Market Failure
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Economics Coursework Summative Assignment
This situation has resulted in the increase of the prices of domestic gas and electricity within the period of 2011 to 2013 (Office for National Statistics, 2014). According to different researches, the electricity and gas prices are rising near about eight times higher than...
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