Economics Essay Topics

Economics

1. What did Keynes think some of the chief benefits and defects of capitalism were? Keynesian theory which was developed by Keynes advocates for a mixed economy where the government and private sector are important. In Keynesian model economy is assumed to be below full employment.  Keynesian argues that the aggregate demand for good which… View Article

Economics of Competitive Advantage

A globalized economy in its theory entails opening up of the local economy of a certain country towards internationalization, creating a “borderless world economy”. Thus, ideally, it should pave the way for economic interdependence and promote economic fair play amongst participating countries. Globalization shall surely expose an economy towards the world market due to increased… View Article

Economics for Business

When we speak about the UK market of postal services, its image is indispensably connected with the notion of monopoly. For more than 350 years the UK postal market has been dominated by the Royal Mail. However, since 2006 the market has been open to competitors, and the postal services’ market players strove for possessing… View Article

Economic development in China and India

Foreign trade in China is almost completely dominated by the state. In 1979, China relaxed certain trade restrictions, paving the way for increases in the relatively small foreign investment and trade activity. By the late 1980s, yearly exports totaled about $41. 1 billion and imports $46. 4 billion, and both have increased sharply since then…. View Article

Economics

The study of construction, allocation, and expenditure of goods and services has been incorporated in the social science that has been referred as Economics. In the year 1932, one of the economists Lionel Robbins presented a definition of economics that has been appreciated by a number of economic organizations around the globe. Under this definition,… View Article

Economics

The course of this study shall critically evaluate the economic resources, economic activities and latent potentials of Nigeria as a nation, a developing country, in relation to that of Canada, a developed country. It is an eye sore that a land full of natural endowments in abundance is not thriving economically and socially. Nigeria has… View Article

How Economics Have Changed My Life

They say that if you look at it things closely, you will see the essence of economics going about its daily routine. Indeed, from the man buying his morning coffee to the woman calling for a cab, the economic system is all around us. Not many people notice it (or are just apathetic about it)…. View Article

Economic Theory

The word “economics” is derived from oikonomikos, which means skilled in household management. The society is faced with the following economic problems a). How to what to produce with limited resources? b). How to ensure stable prices and full employment of resources? c). How to provide a rising standard of living both for now and… View Article

Economic questions

1. It has to do with game theory. In the prisoner’s dilemma, two suspects are taken by the police and each told separately that they can gain their freedom by testifying against each other. If neither testifies, they each will serve a six months sentence. If one testifies the other stays silent, the one will… View Article

International Business Economics

Globalization and international forms of conducting business has been the overriding factor for most economies of the world in the last two decades. According to economists, the political and economic amalgamation of nations will continue to grow as linkages to migration of products, money and people beyond their national boundaries become evident. This has led… View Article

Economic Forecasting

Short-term borrowing from the Federal Reserve funds is always increased because of a reduction in the discount rate.  The Federal Reserve System has been consistently reducing the discount rate in recent years, due to which short-term borrowing has been rising so as to maintain liquidity. In the year 2004, short-term borrowing from the Federal Reserve… View Article

Economic Developments

The current system of the world economy has emerged as a result of the historical trends and economic developments that occurred in the past particularly during the periods of World War I, World War II and the Cold War. To a significant extent, the current world order and the capitalist and industrial prosperity that is… View Article

Economic development in low income countries

It is no secret that despite the breakthroughs in international economic dynamics, development is still elusive to some of the world’s poorer countries. However, current trends indicate that some of these low income nations are actually faring much better than others. Countries like China, Vietnam, and India might be well on their way to economic… View Article

Economics

The three areas of economics affect an individual both positively and negatively. First, in making decisions, a person often has to decide on tradeoffs because he/she just cannot afford to buy everything that he/she needs. In other words, sacrifices must be made. Economics, after all, is about allocating the resources available to a person –… View Article

Economics

Economics is regarded as one of the earliest and arguably most essential of the social sciences. While not exactly a science as the term science is widely known as today, there are similarities that allow for its classification as a social science. One of these similarities lies in the roles that economists play as social… View Article

Economics Internal Assessment

The article discusses the effects of a severe flood in the areas of Thailand to the rice production. The rice production falls to 22 from 23 million metric tons. Supply is quantity of goods and services that producers are willing and able to produce at a given price and time period. The decrease in supply… View Article

Effects of Values on Economics

Values can be described as beliefs that people deeply hold to. They guide the decisions and behaviors of these people. They are “located” deeply within the subconscious and are integrated into every area of everyday living. People use values to choose their behaviors, employments, friends, entertainment and sports among others. Values are assimilated to people… View Article

Economics History

During the 1980s Mexico experienced what Latin American social scientists call a change in its “development model. ” Gone is the import-substitution industrialization model that characterized Mexico since the 1930s. Instead, Mexico has become an open economy in which the state’s intervention is limited by a new legal and institutional framework. Under the new model,… View Article

What Is Economics

Quoting Michael Yates, “The subject matter of economics is the production and distribution of output…” (Yates, 2003). So what does this say to me? Simplifying, this says to me that Economics is a way of explaining the world. With studies dating as far back as Aristotle’s interest in the various forms of state, how can… View Article

The London School of Economics

I have come to a point in life that many people have not. I have made a firm decision to recommit myself to pursuing my dreams. While there are those who believe that with an ounce of luck and a ton of persistence anything can be accomplished, I believe that there is no reason to… View Article

Economics Paper

Gross Domestic Product (GDP) is the total number of goods and services produced in an economy in a given year. Measured in monetary terms, it reflects the general output of an economy per given period of time. The so-called “price basket index” (the average price levels for all goods and services in an economy) is… View Article

Economics

Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment? •Cyclical: also called demand deficient, cyclical unemployment varies with a country’s business cycle and thus is temporary. Cyclical unemployment is negatively correlated to a country’s GDP – if the economy is expanding, cyclical unemployment… View Article

End of History Economics

The set of short essays in question–compiled into a single essay by Foreign Policy–states the facts correctly about the current economic depression (they refuse to call it that, they opt for the less alarmist term of “recession”). But merely stating the facts correctly completely misses the point. Most couch-potato news junkies already know everything that… View Article

Chile’s economy

According to the CIA world fact book, Chile is located in the southern part of South America and it borders the South Pacific Ocean. It is endowed with natural resources like copper, iron ore, timber as well as precious metals. A brief history of Chile’s people in terms of their literacy levels and demographics is… View Article

Why Study Economics

Many times in life we are presented with situations that can alter the way we view things and as a result may alter our decision making process from time to time. The ever-changing global economic situation is one such factor that does affect the way people live their lives from day to day since survival… View Article

Caledonia Leas or Buy

Describe factors Caledonia must consider if they were doing a lease versus buy Sense Caledonia is thinking of introducing a new product, the company must decide whether to lease or buy. Caledonia is in the 34 percent marginal tax bracket with a 15 percent required rate of return on cost of capital, the new project… View Article

Principles of Economics

Italy is one of industrial countries in the world in European. According to Central Intelligence Agency (CIA) (28 May 2009), Italy has two sections of economy; one is developed industrial north and less-developed with high unemployment in south. In 2008, the unemployment rate in Italy was estimated with 6. 8%, especially in agriculture. In the… View Article

Externalities in Economics

Externality is yet another significant source of market failure. It is owing to the lack of property rights that externality arises. According to Jaen (2005), by externality we mean the situation when the cost or benefits related to a transaction not only affects the transactors but also the other parties which is called party effect…. View Article

Offshoring benefits and advantages

Some businesses choose offshoring to solve the issue of expertise, especially for IT personnel. These companies claim they simply cannot find enough qualified employess in the United States to do certain technology jobs. Do you agree with this assessment? Why or why not? From first glance at this statement, it seems like a line that… View Article