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Macro & Microeconomics Literature review Samples

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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. The free...
Pages: 6 (1500 words) , Literature review , Capitalism , Bureaucracy
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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...
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Increased Competition, Falling Demand for Exporting Products and Other Effects of the Global Crisis on the UK
The implications of the global financial crisis led to the release of a large number of state-sponsored bailouts in an attempt to save the economic infrastructure from collapsing. This was followed by direct control and regulation of the banking sector by the government in an...
Pages: 11 (2750 words) , Literature review , Financial Crisis , Execution
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The Similarities and Differences between the Financial Crises of the 1980s and the 1990s
In the early 1980s, a global recession saw the value of exports made by the developing world to the world market decline (Carrasco 2008). This led to a decline in foreign exchange earned by these countries. They used the foreign currency to settle their loan,...
Pages: 8 (2000 words) , Literature review , Greed , Great Depression
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The Role of World Trade Organization in the Liberalization of Trade
The exchange of trade policy engagements in alternate negotiations.WTO is like a market where participant countries gather to swap market access commitments reciprocally. In fact, it resembles a barter market. The principle fundamental to most WTO agreements is more trade is comparatively better than less...
Financial Crisis, Its Causes, Impacts or Consequences on the Worlds Economies
Over the past three decades, finance defined the transition in the US from an industrial society to a post-industrial one – from a society of organizations where corporations were vital building blocks that shaped their members’ daily lives, developing into a portfolio society characterized by...
Pages: 24 (6000 words) , Literature review , Crisis , Exchange Rates
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The Difference in the Pace of the Economic Reforms in Russia and China
The Cultural Revolution in China had left the country in a state of lack of cohesion. Apart from the lack of cohesion, it was also clearly evident that the revolution had tampered with the legitimacy of the Chinese Communist Party making governance very hard in...
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The Causes of the Subprime Mortgage Crisis
  As per Bogoslaw, many companies and banks during the subprime mortgage crisis failed to divulge an accurate and complete illustration of their financial status, which is mirrored in poor disclosures of liabilities, asset values, and general risk on balance sheets of companies. As per SFAS...
Pages: 11 (2750 words) , Literature review , Christine , Ability Grouping
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The Effect of Financial and Banking Reforms on Chinese Economy
The Communist Party of China introduced the Financial and Banking Reforms under the Chinese Economic Reforms in 1978. It is the set of reforms that illustrate ‘Socialism with Chinese Culture’. The economy of the country was stable during the 1930s while it faced many challenges...
Pages: 10 (2500 words) , Literature review , Regulatory Economics
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What was behind all of the corruption that was revealed by the Eurozone financial crisis
Corruption has been seen to help in reducing the bureaucratic procedures of the government processes by having people buy their way easily, while it has also been seen to benefit the entrepreneurs through having them avoid fulfilling numerous regulations (Shleifer and Vishny, 1993:599). Corruption may...
Pages: 8 (2000 words) , Literature review , Corruption
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How Can Welfare States Reduce Poverty by Drastic Levels
It is interesting to note that a study of changing American and European life since the Second World War would show a consistent yet astonishing trend. If put on a graph, every line concerning money and luxury would seem to skyrocket, exponential growth over the...
Understanding and Testing Efficient Markets Hypothesis
The book written by Weiss (2006) highlights some tirades on the investors operating on Wall Street. By and large, the literature justifies EMH and uses the concept as proof for the several failures that stock analysts have encountered. The author identified stock picking as an...
Pages: 21 (5250 words) , Literature review
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Critical Analysis of Bad Samaritans Book by Ha-Joon Chang
The international coercions include forcing developing countries to raise interest rates when these countries get into a recession, even though, when rich countries get into a recession, they do just the opposite. Chang states that the World Bank gets away with these policies because it...
Pages: 8 (2000 words) , Literature review , Henry VII , Book Review
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California In Crisis
The government should stop banks from going bankrupt by declaring savings in banks tax-free as stated before. Additionally, it should take stern action against the managers responsible for the financial ruin. Failure of banking reminds one of the 1930s when panic entered the minds of...
Pages: 8 (2000 words) , Literature review , Taxes
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Behavioural Finance - Antoine Augustin Cournots Philosophy
Cournot, a French philosopher and mathematician, worked on the concepts of mathematical economics. According to Cournot, firms can compete with the numbers of goods they are producing. The more output generation the more is the chance of raising profits, this is what Cournot’s mathematical model...
Pages: 9 (2250 words) , Literature review
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The Impact of Traditional Budgeting Systems on the Effectiveness of Performance Based Budgeting
The factors which affect budget targets include politics as it affects the timing of budget and deadlines and submittals; the workload of the men and women who labor in the budgeting departments checking figures, performing analyses, budget justifications, and various levels of spending; and generally...
Pages: 8 (2000 words) , Literature review
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Liberalisation of Financial Markets
According to Fry (1997), Several interest-rate liberalization experiments have failed to produce positive outcomes. This is because there is a perverse reaction to higher interest rates by insolvent economic agents, governments, firms, or individuals. (Fry, 1997). An insolvent borrower is considered someone whose liabilities exceed...
Pages: 8 (2000 words) , Literature review
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The Great Economists
In general, Keynesianism was enormously influential in the post-Second World War period. Keynes's ideas influenced Franklin D. Roosevelt's view that insufficient buying-power caused the Depression. During his presidency, he adopted some aspects of Keynesian economics, especially after 1937, when, in the depths of the Depression,...
Pages: 10 (2500 words) , Literature review , John Adams , John Locke
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Sustainable Development
Currently and in the recent past, sustainable development has become a popular phrase in both the economic and academic worlds. Although the term “sustainability” has been in existence for several decades in various faculties of higher learning, local authorities, government ministries, and major corporations....
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Azerbaijan Becomes Warranty of the EU Energy Security
The main purpose of this project was to unlock an immense energy store in the Caspian Sea so that markets worldwide could rely on the otherwise landlocked Caspian reserves as an alternative to existing suppliers, and it was accomplished. Young (2009) explains that in regards...
Pages: 15 (3750 words) , Literature review , Solar Energy in English
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