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Economic Essay Topics & Paper Examples

City of Mount Rainier

Neither does the department of Economic Development for the City of Mount Rainier handle nor is it involved with any matrix of the pricing strategy. As the Organization for Economic Co-operation and Development (OECD) in 2006 stated on production, packaging and pricing, production cycle involves a flow from the dealers, employees and customers automatically between the functional areas and internationally. Reduced ‘product to market’ cycle meant to ensure full and on time delivery to customers keeps a business on track by reducing errors, inefficiencies and high running costs. However, the City does offer a mix of products solely based on promoting development of blighted or under used parcels. Thus, it is critical that any incentive or business assistance be directed…

Interview people about the economy

The people of the Orange County are an optimistic bunch. Yet, one can see this optimism slowly fading away into the darkness. For a country which is so close to perhaps world’s biggest entertainment hub, this is not a pretty picture. It would be wrong to blame the people. Little has gone right for the county since the economic recession of 2008, the effects of which are still quite visible. For a county which was already suffering from one of the more serious unemployment problems than compared to the average figures of the United States of America, the recession of 2008 has spelt doom, and its repercussions can still be felt. Take the case of the 34-year old Mr. Matthews…

International Cooperation

The paper “International Cooperation in Economic and Security Affairs, by Charles Lipson, published in the October 1984 issue of “World Politics” focuses on analyzing the different forms of strategic interaction that address issues pertaining to international cooperation in economic and security affairs. It analyzes the use of the Prisoner’s Dilemma theory to help clarify some basic features of international conflict and cooperation as well as some objections for its usage as a model of international interaction. It also discusses factors that affect the relationship between superpowers, the hegemonic system, the effect of recessions, the evolution of cooperation as well as detailed account of sustained economic cooperation among developed nations. The Prisoner’s Dilemma theory demonstrates both the possible benefits from cooperation…

Economic analysis of deposit insurance

Federal deposit Insurance Corporation was an institution set by government back in 1930s to protect depositors fund held by bank. In the great depression of 1930 most depositors lost their fund following the collapse of many banks. After the stock market crash in 1929, financial market was adversely affected and by March 1933 more than 9,000 banks had already failed and this facilitated establishment of FDIC. Henceforth it has been evolving and finding alternative ways of insuring depositors fund against potential bank insolvency. FDIC guarantees a specific amount of deposit and checking for member banks. Since it establishment FDIC paid depositors in 1988 following the banking crisis fueled by high interest rate, inflation, recession and deregulation in the banking sector….

Economic Concepts Involved

The economic concepts involved in this song are basically the credit carts and the loans. Interest rates are also involved as well. Interest is charged by lenders as costs for the loss of the asset’s use. In the process of lending money, the lender could have invested the funds instead of lending them out. With lending a large asset, the lender may have been able to generate income from the asset should they have decided to use it themselves. People started to take loans for housing purposes in America at that time. They wanted to buy houses or to invest these loans or to buy bonds so that they could get more money on returns. Investments are negatively related to…

Information vs Knowledge

1. The community chosen is the community of economists. Some sources they rely on include academic journals, the news (on print, online, television, radio, and others), country reports, economic data, and financial market analyses. 2. One of the sources that could be taken as pure information is the economic data. Economic data sets of data that describe a single economy or the international economy. These data sets are gathered through quantitative information that are collected and computed statistically to give an accurate picture of the economy being studied. Economic data, in their raw form, is not analyzed, and even the analysis that accompany them are usually there to interpret the numbers to make them more understandable to the reader. This…

The Correlation between Corruption and Economic Growth in the Indonesian Model

The success of any economy is often based on the political stability and the presence of corruption of any country. The government policies that are formulated by any countries leaders or economic advisers are watched and followed closely by every investor. The Economic future of a country is dictated by trading partners that are established and relationships between countries and economic blocs. This paper therefore seeks to show the close relationship between economic progress and the corruption in a country. The Indonesian model will be utilized because it allows for a direct examination of the impact given the relatively small size of the country. The main question therefore that this study seeks to address is this. What is the impact…

Article Review

Conducting their study as the transitional funding attached to the peace process in Northern Ireland is reaching its end, the authors examine the role of aid in conflict resolution particularly with regards to intangible outcomes such as identity formation. The idea behind this funding is that it reduces economic disparities between the conflicting groups and that the economic growth started by this funding will continue into the future. These funds come from the International Fund for Ireland (IFI), which addressed unemployment and poverty in Republican / Loyalist communities; the Peace I funds, which promoted social inclusion, cross-community contact, and economic development; and the Peace II funds (ended in 2006), which had similar goals to Peace I but targeted local, grassroots…

Analyze the impact of geography and economic

Geography and economic activity often determine the future of any civilization. Here, one is forced to admit that most of the obvious differences among the ancient civilization can be drawn based on their geographical location and, of course, their economic history (Wells, 561). Let us take the example of Roman and Mesopotamian civilizations. Roman civilization is centered on a powerful city situated on the Capitoline Hills. In the beginning of Rome’s history, most of the people were either farmers or small-scale traders. When Rome expanded into central and southern Italy at the beginning of the Punic Wars, its policy-makers were faced with this fundamental question, “How do we protect our trade interests? ” The answer was expansionism. Rome acquired territories…

Economic abuse

In Charles Chesnutt’s The Conjure Woman, Uncle Julius—a character who might be quite at home as a trickster figure in another story—uses humorous tales which are meant to question the narrator’s notions about race. It is important that these critiques are often couched in humor: not only does this help the narrator receive unpalatable or unflattering information, but it allows racial matters to be turned on their ears for white audiences that may find themselves too busy laughing to be upset. One of the primary texts used to question racial assumptions is the story of “Po’ Sandy. ” This story concentrates on a man who is turned into a tree by a powerful goopher, and the revelation of the information…

The goal of economic globalization

The goal of economic globalization was to create unbridled economic opportunities through international trade, and to effectively eliminate the chances of future wars fought over resources. However, the global view of the invisible hand of the market has had negative consequences across the world, which serves to reinforce that globalization is similar to the old adage: the rich get richer, the poor get poorer. Globalization has led to the ongoing violation of civil liberties represented by sweatshops across the world, where children toil for pennies so that first world nations can benefit from cheaper shoes. The economic interdependence created by globalization also meant that the collapse of America’s subprime mortgage market has led to recession on a global level. Finally,…

Treat the Earth Well

“Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors; we borrow it from our Children. ” “We do not inherit the Earth from our Ancestors, we borrow it from our Children” is an ancient Indian proverb that is reverberating in my ears. It was articulated by Craig Wing recently at a Global Shapers Johannesburg hub meeting. Its pure simplicity is quite piercing because it shows the effect of our ancestors’ actions on our current situation and it also serves as a warning on our current actions’ impact on our children. The architects of Apartheid effectively created a problem for…

Disaster Paper

When you deliberate on a disaster, it becomes clear that any such event has three phases to it. Initially, there are antecedents that lead to the disaster. When enough antecedents have accumulated, the disaster occurs at that specific tipping time. Finally after the disaster has happened the final phase of resolutions occurs. The resolutions are steps that the society attempt to implement to revert the effects that the event has produced. Consider the Deepwater Horizon disaster that happened on July 17th 2010. Upon critical review the group have identified series of antecedents that led to the disaster. At the tipping point the disaster occurred, lives were lost and numerous crew members injured. After the initial shock of the disaster and…

Classical Economics

The neo-classical economics movement has been touted as the replacement to classical economics movement as it appeared to have been presented as an improvement to the beliefs and ideologies of that of the classical economics movement. Not many people agree with this fact as it stands though. While some think that the neo-classical movement represents an evolution of economic theory from the early and probably flawed version which was the classical economic theory to a more advanced, sophisticated and improved theory, others believe that the neo-classical movement represents the birth of an entirely new discipline that had decided to abandon a lot of the questions and issues that the classical economic movement had been riddled with instead of trying to…

The Brazil, Russia, India and China (BRIC) Economic Systems Reformation

In recent years, developing countries have been transformed from very low economic development to being among the highest ranked economically developed states. Examples include Brazil, Russia, India and China (BRIC). This economic growth has been realized due to the adoption of the market socialism structures from their earlier systems which were centrally planned. Besides, a consensus was arrived at that the countries ought to build democracy whose basis was the rule of law and private ownership. As a result, these countries have greatly benefited and continued to expand in their economies day in day out. Some of these key success factors in the adoption of the BRIC economic systems are highlighted as under. The adoption of market socialist structures have…

Economic/Social transitions in literature

The great plays staged in London and its more modern counterpart, the films, that are accessible to all, depict the social issues, biases and struggles of not only the characters in the plays or the films, but also the society of that time. As for instance, the acquisition of wealth as a social activity, which is very primitive to man, as primitive as his quest to survive, has been portrayed in varying degrees of need, as if so urgent. The problem arises when one realizes that the quest is not a solo act. There are still other members of the society one belongs to and interacts with, who seek wealth in their own ways. Since man made discoveries of and…

Economic theory of mercantilism

Mercantilism was popular and it was the prevailing economic philosophy in the Great Britain, the Netherlands, Spain, and France from the 16th to the 18th century (Gabay, et al. 2007). Gabay, ET al. asserts that according to the theory of mercantilism, for a nation to become rich and powerful, it needs to export more and import less. This basically meant that a nation on its conquest to grow richer, it had to achieve that at the expense of other nations. The difference would be an inflow of precious metals mostly gold. The more gold a nation had the richer and powerful it was. Due to this idea, mercantilists pushed for the government to restrict import and stimulate export and the…

Economic reform in the Soviet Union and Russia

Economic reforms in Russia and the Soviet Union have really never come to be, even after the constant assurances that the government gives its citizens that it is doing everything in its power to bring this to pass. One of the reasons this has been so difficult to achieve is the ‘man exploitation of man’ notion. Having some people live with hardly an income of between $40-$60 a month while others take huge amounts of profits made by years of an average man’s effort and labor not to mention the illegal owning of the country’s natural resources. Russia’s enormous size has also contributed to the delayed reforms. Russia is a large country which stretches across eleven time zones and eighty…

Economic integration in North America – NAFTA

States undergo a lot of challenges and face dilemma in the current globalization era. Globalization has led to the integration of various world economies and this requires openness to the economy of the world, serving the interests of the nations, and competition for relative advantages at national level as international capitalism demands. The evolution of the global economy in the west in the late 1980s and 1990 aroused the desire for competitive advantage among regional trading blocs in the area of trade, finance, manufacturing and technology and this also led to the birth of the North America Free Trade Agreement (NAFTA) (Ciccantell, 2001). NAFTA was formed in 1994 as part of the economic integrationist revival of the period and it…

The Economic History of the United States

Today, the United States has the most foremost economy in the global industry. It is the leader in trade and exchange and has embraced ideologies and policies that directly affect the performance of it’s economy. Among this is the policy of free trade which was strongly pursued and promoted by well known economist and scholar, Milton Friedman. Friedman has become an advocate of Adam Smith’s writings and highly agree with his ideas of free trade, competition in the markets, and the “invisible hand”. Friedman’s contention is that the act of embracing free trade by the United States is one which will definitely benefit the economy in the long-run as opposed to embracing an economy that is highly protected and regulated…

Economic Growth

In any nation, the government policies, institutions, and laws collaborate to create a growth infrastructure which coordinates, enables, and encourages the economic behavior that results in the accumulation of human capital, physical capital, natural resources, and technology. These resources have a role in generating sustained long-run economic growth. Physical capital refers to the tools that are used to leverage the productive ability of an average worker. Physical capital includes transportation equipments, computers, machinery, and factories which facilitate the production of goods and services. They expand the capacity of an economy to produce goods in the future, thereby promoting economic growth. (Jones, 2002) Human capital refers to the numerous abilities that enable an average worker to apply and understand new, productive…

Economic Equilibrium

In economic equilibrium, quantity demanded and quantity supplied are equal. For example, the amount of goods or serivices set by buyers is equal to the amount of goods or services produced by sellers. This is what we call as equilibrium price and this will definitely not change unless demand or supply changes. Based on the lecture, due to scarcity we sometimes consider trade-offs. For example as what was stated in the lecture, supposedly that you have only six hours left to study for your test in economics and to complete your assignment in graphic design, you have to balance your time or spend more time in either economics or graphic design. You also have to consider the resources that you…

Economic development in Saudi Arabia

The topic about economic development has become contentious among many economists in the global scene. The paper focuses on economic development in Saudi Arabia. Discussion about the various concepts and theories about economic development has been introduced. An investigative approach has been applied in the analysis of the various factors affecting the economy of the country. All the theories and aspects of economic development identified have been integrated in the essay by providing a link between theory and practical aspects of the topic. The major emphasis is about the economy of Saudi Arabia (Bourland, para 5-9). Economic development is the establishment of new structures within an economy. Structural changes are brought about by the establishment of new infrastructures and programmes,…

Economic Course Work

The market demand (red line) for oil is highly inelastic, and a large change in price only has a small impact on demand for oil. In essence, you will not drive twice as fast because oil is cheaper, nor can you easily switch from using one type of fuel to another(petrol to diesel) just because its price has changed to be cheaper. The supply of oil is relatively inelastic. This is because investment in the production facilities leads to an increase in supply, but the cost of pumping out the oil is relatively the same (Hillier, 2005). It will cost an oil production facility roughly the same amount to produce at half or full capacity. Maintenance and repairs will only…

Economic comment

Interest rates are proportionate to credit quality and it shows the ability of the investor to pay at any given circumstance. World economic conditions vary by geography and country and the nature of inflation and deflation influences interest rates. Interest rate is also determined by the government through its enactment of public policy called interest rate subsidy (Montalbano, 6). Interest rate term structures evidences how they are determined by future expectations of the value money. However in the absences of the aforementioned determinants, interest rates are determined by the supply and demand for funds. 2. Interest is the premium paid for use of borrowed money. The interest for loans is usually fixed for a certain number of years after which…

Economic Environment

We aim to provide the public with an effective and cheap solution in cleaning their clothes. We carry this out with a Triple-Action Laundry detergent which has an anti-bacteria content that also leaves the clothes clean, good as new and scented. Target Market Our target consumers are between the ages of 11 and 60 who can wash clothes and are responsible in choosing laundry detergents to use (cited in Phil48Girl, 2010). Our customers are normally member of the household and wash their own clothes. We consider not only the mother but everybody who needs their clothes clean and fragrant without spending a lot. Direct Competitors There are several laundry detergent brand manufacturers. But, only some are real companies. There are…

Economic exploitation in America

As a historian, James Blaut became so popular because of his criticism with the idea of Eurocentrism. From the word itself, Eurocentrism promotes the idea that European civilizations are superior to others and they have a lot of advantages compared to other civilization in Asia and Africa. In his book entitled 1492: The Debate on Colonialism, Eurocentrism, and History, Blaut argued with some of the famous philosopher and authors who are known for their Eurocentric ideas. Blaut tried to weaken their arguments and show to this modern world that our idea that Europeans have superior culture is only a delusion. Why 1492? According to the author, that year is the start of cultural evolution in Europe that brought them so…

Economic vulnerabilit

The Caribbean basin has suffered economic vulnerability and occupation from nations such as Great Britain, France and Spain, right from the seventeenth to nineteenth century. This resulted from imperial rivalry among powerful western empires as weak Caribbean basin nations were merely pawns in their quest for colonial dominance. The emergence of plantation systems during this period also fueled the need for cheaply produced sugar, tobacco and coffee. Although production and trade was flourishing, the people in the region were getting a very little share of the wealth. The easy transportability of free African labor through slave trade further intensified colonial interest in this area. As a result of this, a large population of African descendants belonging to various groups can…

Economic cooperation

Talks on economic cooperation between China and the US ended with a “broad agreement on separate strategies” to help their economies recover. The US agreed on inducing fiscal discipline from the personal until the federal level and China, to bolster domestic spending. The talks also resolved to cooperate in combating climate change by shifting to low-carbon economies as they progress and reinforce their current economic standing.

Security and Economic Revival Raise Hopes in the West Bank

The New York Times article “Security and Economic Revival Raise Hopes in the West Bank” by Ethan Bonner covers the reemergence of the Palestinian-covered West Bank, specifically in the city of Nablus, after a series of bloody uprisings and encounters between extremists and Israeli forces. The Palestinian authority has been longing for control over their territories, and it has experienced its first sense of security and economic stability since the second Palestinian uprising broke out in 2000. It seems that the economy has stabilized so far as the International Monetary Fund (IMF) projected a seven percent growth rate for the year 2009. A few infrastructure projects have also started as rebuilding and revitalization of the West Bank area continued. A…