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Macroeconomics Essay Topics & Paper Examples

The influences of stakeholders

Introduction In the primitive world, the bank began from the simple work is keep something for the people whose possession to avoid losing it. On the contrary, the customer must pay money for that service. When this works take the benefits for all of people (keeper and sender). Gradually, the human send the various things such as money, gold… Nowadays, Vietnam is still developing country and the government is always support, improve, develop economy system. Therefore, the government needs the bank which can help them reduce the inflation, the variable economy…so, Vietcombank is the first bank selected for pilot privatization. This bank came into operation on 02/06/2008 after successfully implementing the privatization plan through IPO conducted on 26/12/2007. At the…

Indonesia: the Troubled Giant

I.Time Context Indonesia is a large country in the Southeast Asia. It has been in steady growth economically under the leadership of Suharto but experiencing unfair treatment by the government as the president favors those of his colleagues in many aspects. Due to Asians financial crisis debt of considerable value has been incurred and lead to economic downturn. Recovery was in 2004, upon inauguration of a democratic president but wasn’t enough to answer problems on unemployment, corruption, and red tape. Worse still, foreign capital is fleeing the country. The stock of foreign direct investment in Indonesia fell as foreign firms left the nation. II.Viewpoint The economy of Indonesia deteriorated drastically as a result of political instability, a young and inexperienced…

Ronald Reagan and Free Market Economy

The real role of government in relation to the economy is much like the role of the captain of a sailboat: If he has rigged the sails correctly, the ship will steer itself.Reagan used supply-side economic policies to change the way the United States looked at the economy. His policies, regardless of standpoint, were a huge change from the prior decades. Reagan promised real change and actually delivered on it.The economic policies of Ronald Reagan’s administration accomplished the administration’s four major policy objectives: reduce the growth of government spending; reduce the marginal tax rates on income from both labor and capital; reduce regulation; and reduce inflation. The United States Federal Government needs to adopt these policies again to get the…

The Zambian Economy’s Benefits from Foreign Direct Investment

Discuss the extent to which the Zambian economy has benefited from using FDI, cite examples Development process must encompass improvements in production of goods and services which essentially aim at raising the standards of living of society’s social, economical, political, environmental and administrative structures (Gabas, 1993), with development comes improved education, health, social and economic benefits of the citizenry. However, for development of the country to take a predictable route, the economic activity must show increase over time. Economic indicators such as Gross Domestic Product (GDP), National Income, Inflation, export balance of trade, balance of payments, budget deficits and employment opportunities all demonstrate economic vibrancy and viability of a nation. These depend on supply and demand of goods and services…

Malaysia – Quarterly Balance of Payment in 2010-2012

This report is focused on the analysis of Malaysia’s balance of payment for last six quarters (from Q3/2011 to Q3/2012). It will show the impact of balance of payment to economy or the financial crisis. The last part of this report will involve the summary and the forecast the Malaysia’s balance of payment in the future. Third quarter of 2011 Current account: the current account balance recorded a surplus of RM26.6 billion, an increase of RM3.2 billion (13.8 percent). This higher surplus was attributed to: the lower net payments on income of RM3.8 billion higher surplus on goods of RM38.2 billion. Goods Account: the surplus on goods increased to RM38.2 billion by Exports FOB expanded by RM5.0 billion to record…

Microeconomics and macroeconomics

Microeconomics is the branch of economics which deals into a more ‘individual’ scope of the study, such as the choices made by people in terms of the utilization and allocation of resources as well as the pricing of goods and services. In addition, it includes taxes and the policies created by governments. This field of economics deals with supply and demand together with other factors that acts as determinants in identifying the price levels for particular companies in specific industries. This is exemplified by how microeconomics focus on a specific company’s potential to maximize its production as well as its capability to lower its prices to better compete in the particular industry that it belong to (Investopedia, n. p. )….

Federal Reserve

This paper provides discussions among the learning team members on The United States deficit surplus and debt. The team will discuss how U. S. deficit surplus and debt have an effect on taxpayers, future social security and Medicare users, unemployed individuals, University of Phoenix students, the United States’ financial reputation on an international level, a domestic automotive manufacturing (exporter), an Italian clothing company (importer), and GDP. Taxpayers The Government takes in revenue through taxes; they run a budget surplus and other sources that they spend. The federal government runs on a budget deficit every year and surplus has to do in part with how the government policymakers use the funds. Congress has intentions to balance the budget but lawmakers have…

Meubles Canadal: Looking Towards the Future

Introduction Meubles Canadel is Canada’s leading manufacturing firm in producing high quality furniture for dining purposes and was established in 1982 by three brothers in Louisville, a small town in the province of Quebec in Canada. It is a privately own company and established itself from a small to a large international operating company with still increasing sales around $125 million in 2000. Between 1987 and 1991 Canadel grew rapidly. This was due to the fact that the firm focused on demographic changes. The families’ size decreased in this time and shifted the demand from the “lunch-corner” and formal dining room segment to dining room furniture to everyday use. Canadel took advantage of this change and started to produce high…

Supply-Side Economics: History and Relevance

Introduction The theory of supply-side economics has several labels associated with it, some positive and others negative, with “Reaganomics” or the “Trickle-down” policy being the most notable. Simply put, supply-side economics centers on the idea that the path to economic strength is achieved by focusing on the supply side of the market rather than the demand. By implementing policies to reduce the cost of production, whether by influencing labor markets or easing the burden of tax regulations on businesses, this will create an incentive for people to work and businesses to invest, thus causing the free-market system to flourish (Canto). Supply-side economics conflicts with the idea that the only way to generate revenue for the Federal Government is through taxation,…

Macroeconomics Assignment

Current economic conditions in the U. S an all around the world are rising to alarming situations, with the dilemma being common that whether its inflation or recession, which is hampering the economy badly. The liquidity issues are affecting the U. S economy badly, the money supply is shrinking although the Federal Reserve is pursuing an accommodative monetary policy, but due to its lesser control and the dynamism of the U. S economy, this policy seems to have a very low effect on the liquidity situation in the overall economy. After a rise in the money supply for few months the money supply has been contracting since then, the M2 component of the money supply, which consists of cash, consumer…

Gross Domestic Product

2. Using information from our textbook and from the following BEA links, define each of the sub components of GDP and discuss their importance. (20 points) The BEA links are: http://www.bea.gov/national/pdf/nipa_primer.pdf “Measuring the Economy: A Primer on GDP and the National Income and Product Accounts” http://www.bea.gov/about/pdf/jep_spring2008.pdf “Taking the Pulse of the Economy: Measuring GDP” http://www.bea.gov/scb/pdf/national/nipa/methpap/mpi1_0907.pdf “An Introduction to the National Income and Product Accounts” 1. GDP is Gross domestic product. GDP is the market value of all the goods and services produced by labor and property located in the country. The GDP is comprised of Sub-Components to the Major Components. The components of Gross Domestic Product (GDP) tell you what that country is good at producing. 2. Personal consumption measures…

Fdi and Its Impact on Host Country

Balance of payment Transaction between one specific country and all other countries in a specified time period is balance of payment. It compares the cash inflow and cash outflow. For a healthy economy there should be balance in cash inflow and outflow. FDI has a vital role in maintaining balance of payment. With the introduction of FDI there is increase in the production and export for a host country. And increasing export increases cash inflow to the host country. Again when host country makes payment to other country or imports goods, there is cash outflow. So this whole process makes balance of payment. Balance of payment is one factor that helps develop the economy of a country and FDI has…

Balance of Payments

1. Define the balance of payments. Answer: The balance of payments (BOP) can be defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? Answer: It would be useful to examine a country’s BOP for at least two reasons. First, BOP provides detailed information about the supply and demand of the country’s currency. Second, BOP data can be used to evaluate the performance of the country in international economic competition. For example, if a country is experiencing perennial BOP deficits, it may signal that the country’s industries lack competitiveness. 3. The United States…

Brazil Macroeconomics

The country of choice is Brazil for the following reasons: it is a booming economy, which provides some stark contrast with the stagnation and ever-mentioned phrase ‘double-dip recession’ which now commonly used in the West. Macroeconomics is concerned with the study of aggregate economy, which embodies all nationally relevant economic indicators. The common indicators are the unemployment rate, the rate of inflation, the GDP per capita, economic growth, the economic cycle, and the labor force. Since 2003, Brazil’s economy has been growing steadily. It has been improving its macroeconomic stability despite a small crisis in 2008 which saw its growth rate decline to 2.6%. In 2010 it grew by 7.6% amid renewed confidence from foreign investors. Part of the reason…

Principles of Macroeconomics

An increase of government purchases occurs after a rise in aggregate output and employment. This tends to stimulate the economy, people then tend to buy more and save less. Therefore, it results to a higher importation than exportation, known as the trade deficit. The budget deficit increases the external deficits because the exports do not proportionately increase to counterweight increase imports. This explains that a large budget deficit raises domestic interest rates and the exchange rate. With a higher exchange rate the domestic products becomes more expensive and foreign goods cheaper. Hence, the import increases while export decreases. Resulting, the trade deficit to be enlarged. Consequently, to help drive the trade and current account of the balance of payments into…

Budget Formulation and Implementation in Zambia

What problems would the minister of finance encounter in the process of budget formulation and implementation in Zambia? The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Thus, the budget is an important economic policy tool for macroeconomic management and resource allocation. It provides a comprehensive statement of the nation’s economic priorities. Accordingly, the budget formulation process has four major dimensions namely (i)Setting up the fiscal targets and the level of expenditures compatible with these targets. This is the objective of preparing the macro-economic framework. (ii)Formulating expenditure policies. (iii)Allocating resources in conformity with both policies and fiscal targets. This is the main objective of the core processes of budget preparation. (iv)Addressing…

Remittence Income in Nepal

Introduction Remittance in developing countries has become a lifeline for economic development. By remittance we mean sending income in terms of money or goods in home by the migrants or workers who have their earnings outside their home country. Today due to the establishment of different agencies like Western Union, International Money Express (IME) etc, in several district headquarters of the country, the remittance flows has become popular for transferring cash or money in time to the recipients. However, it is difficult to calculate the exact size of remittance flows in Nepal due to the emergence of unofficial channels even though it has recorded in balance of payments account. (Ratha 2005). Remittance inflow has been growing substantially in recent years…

Spain’s Financial Crisis

Spain started facing economic troubles since 2008 global crisis. Financial crisis caused a huge crash in the property market and significant losses at its banks. These days Spain’s citizens take part in polls in Galicia and Basque regions. Galicia’s PM Mariano Rajoy lost part of national support due to his austerity measures. Basque country’s Socialist Party met opposite influence from Basque Nationalist Party. Unemployment rate in Spain grew to 25% in some regions like Galicia since the crisis began. Spain has already asked for some contribution from Swiss banks. They received 100 billion euro for covering its financial sector. (2012, SPANISH PM MARIANO RAJOY FACES KEY VOTE IN GALICIA) Spain’s economy grew before 2008; then country faced the recession. When…

Classical vs. Keynsian Economics

There are several significant factors that differentiate Classical from Keynesian economics. Classical economics stays true to the laissez-faire concept of no government mediation in businesses with the assumption that the economy will work itself out. Keynesian economics, on the other hand, revolves around deficit spending and the belief that essentially “in the long run, we’re all going to die”. Both schools of economics take a different stance on the behavior of consumers, fiscal policy, and government spending. Classical economists, in essence, monitor what is currently transpiring in the economy. They believe that the economy is stable and self-sustaining because in the long run, the market supposedly automatically adjusts to “booms” and “busts”. This principle is heavily influenced by the epoch…

Impact of Public Debt Burden on Economic Growth of Bangladesh

Abstract Bangladesh is relying heavily on public debt to meet the budget deficit since its independence. In this paper, the objective is to find out whether the government of Bangladesh is excessively borrowing from the public sources and thus negatively affecting the economy of the country. For this purpose GDP growth rate (GDP), manufacturing sector growth rate (MANF), investment as percentage of GDP (INV) and Export as percentage of GDP (EXP) have been selected for judging the impact of public debt burden (DB) on these variables. The study period is 1980-81 to 2011-12. Augmented Dickey-Fuller test has been used to diagnose whether the time series data are non-stationary. Granger Causality test has been performed to identify whether DB can be…

Global recession and its impact on Pakistan economy

Abstract There has been speculation that American would lead global recession and it could impact the global economy. IMF also predicted that in 2008 global growth would fall from 4.9 percent to 4.0 percent. US economy suffered thousands of layoffs and the biggest retail sales dip on record. Strong economies as that of UK, Germany, France and the new emerging one’s like China and India also fell pray to this recession. Rising prices of oil and different commodities along with the credit crunch majorly contributed to the recent turmoil. The crisis of the sub-prime mortgage market also played its part. The impact of this slowdown on the developing countries might not be as severe on the developing countries as to…

Key Objectives of an Organization

Task 1A. Identify the mission, values and key objectives of an organization of your choice and assess the influence of stakeholders The Body Shop is a public limited company they mainly specialize in beauty products, however they are very much different compared to regular make up brands such as DIOR, SHU UMERA and so on, they are different in a way that they use natural products and they are against animal cruelty. They use plants resources wisely. The body shop is different because of their values. Ms Dame Anita roddick, was a human rights activist and the founder of the body shop. AGAINST ANIMAL TESTING Every one of the body shops products is animal cruelty free and vegetarian. they were…

Mundell Fleming Model

In this essay I will be discussing the way in which free capital flows can cause constraints on monetary policies. I will be looking at the balance of payments and how when it is applied to the Keynesian IS/LM model produces the Mundell – Fleming model. The Mundell – Fleming model shows the relationship between exchange rates and national income. Additionally, to further investigate this situation I will be looking into the ways in which monetary policies behave according to various exchange rate schemes, namely fixed and floating exchange rates. The balance of payments consists of the current account and the capital account. In theory, these two accounts should balance. The current account concerns the imports and exports of goods…

What is economics?

The true definition of the term economics has varied over time, and this has been as a result of the dynamic change of scholar views over time. As common with many other studies, economics also does not have a standard definition but different scholars do give a similar definition. Schenk (1997) states that “Economics is the social science that examines how people choose to use limited or scarce resources in attempting to satisfy their unlimited wants,” (P 1). It can be established from the above definition that economics is both a science and an art. It is a science in that it follows principles and theories that can be proved through scientific methods. It is also an art in that…

Learning Team Deliverable

Measuring Domestic Output and National Income – Ch. 24 Topics comfortable Kris is comfortable with the concept of gross domestic product (GDP) as it is the dollar value of goods and services in a country during a set period. Walter is comfortable with the GDP concept and understands that is the economic thermometer of the country’s current financial status. Topics Struggle Kris still has to wrap his head around nominal GDP and real GDP when it comes to the GDP Price Index. So calculating real GDP is dividing nominal GDP by the price index. What is the difference between real GDP and nominal GDP? Walter also struggles with the concept of nominal GDP, and how it interacts with inflation. If…

First Draft of Fundamentals of Macroeconomics Paper

There are a lot issues that actually affect our economy, such acts as gross domestic product, nominal GDP, real GDP, inflation rate, unemployment rate, and as well as interest rates. These areas actually has massive power regarding the way we purchase groceries, if there will be a large amounts of layoffs to workers, and decrease in taxes. Gross Domestic Product is defined as the market value of services and goods that are made in the country in one year. This is an indication of the normal living situation in a country. On the contrary, real GDP is a nation’s total output of goods and services adjusted for price changes. Nominal GDP is the gross domestic product without inflation adjustments. Unemployment…

Diff between economics vs managerial economics

1 The traditional Economics has both micro and macro aspects whereas Managerial Economics is essentially micro in character. 2. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature. 3. Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. 4. Managerial Economics studies the activities of an individual firm or unit. Its analysis of problems is micro in nature, whereas Economics analyzes problems both from micro and macro point of views. 5. Economics studies human behaviour on the basis of certain assumptions but these assumptions sometimes do not hold good in Managerial Economics as it concerns mainly with practical problems. 6. Under Economics we study only the…

Minimum Wage Increase Essay

Most people would agree that raising the minimum wage sounds like a good idea, but arguments arise concerning if this increase would benefit the economy. Jared Bernstein believes that a minimum wage increase would positively affect the American economy. He argues that the economy is driven by consumer spending and low­income workers are very likely to spend their extra earned money. On the contrary, Douglas Holtz­Eakin strives to make the point that raising the minimum wage would not be beneficial to the economy. He argues that there would be no reduction in poverty because only a small percent of minimum wage workers are in poverty, while most are unemployed. An examination of raising the minimum wage will reveal why it…

Wk 6 homework solutions

Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy’s built-in stability? Answer In a phrase, “net tax revenues vary directly with GDP. ” When GDP is rising, so are tax collections, both income taxes and sales taxes. At the same time, government payouts—transfer payments such as unemployment compensation and welfare—are decreasing. Since net taxes are taxes less transfer payments, net taxes definitely rise with GDP, which dampens the rise in GDP. On the other hand, when GDP drops in a recession, tax collections slow down or actually diminish while transfer payments rise quickly. Thus, net taxes decrease along with GDP, which softens the decline in…

Week 6 Homework Solutions

In a phrase, “net tax revenues vary directly with GDP. ” When GDP is rising, so are tax collections, both income taxes and sales taxes. At the same time, government payouts—transfer payments such as unemployment compensation and welfare—are decreasing. Since net taxes are taxes less transfer payments, net taxes definitely rise with GDP, which dampens the rise in GDP. On the other hand, when GDP drops in a recession, tax collections slow down or actually diminish while transfer payments rise quickly. Thus, net taxes decrease along with GDP, which softens the decline in GDP. A progressive tax system would have the most stabilizing effect of the three tax systems and the regressive tax would have the least built-in stability. A…