Economics

For the Degree of Bachelor of Arts

Executive Summary The pressing issue such as the rising default rates in Sub-prime mortgage lending in the USA, have without a doubt caused tremendous hurdles in the way of the lenders. The problem has taken a toll to the extent of lenders filing for bankruptcy. The Regulators strongly believe that there should be tapering the …

Economic Gas Outlay: Why Gas Prices Will Stay High

          Article summary The article identifies the major reasons why oil prices have become high and will remain high. Lynn Westfall, chief economist for Tesoro (TSO), suggests that the increase in the cost of crude per barrel leads to an increase in the prices of gasoline. The chief economist also suggests …

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Mexico long term economic cycle

Economic Background and Concerns In the late 1990’s there was significant concern regarding the slow growth of the Mexican economy: The concern stemmed from comparative studies with Latin American countries, in particularly that of Brazil, Argentina and Chile (Bulmer-Thomas, 2006). Another basis for the concern was studies regarding the quality of life and poverty levels …

Economic Background and Concerns

Economic Background and Concerns In the late 1990’s there was significant concern regarding the slow growth of the Mexican economy. The concern stemmed from comparative studies with Latin American countries, in particularly that of Brazil, Argentina and Chile (Bulmer-Thomas, 2006). Another basis for the concern was studies regarding the quality of life and poverty levels …

NAFTA and the Mexican Economy

  Delphi, in 2003, employed 70,000 Mexicans at its Ciudad Juarez plant.  The company saves by paying an assemblyline worker with considerable experience a little less than $2. The worker, however, is delighted to get the job because that’s around thrice Mexico’s minimum wage, plus the good environment and colleagues.  This scenario was made possible …

Concepts of Marking Up

A markup is an amount added to the price of a good above its cost of production and distribution. Markups must have the capability to suffice all foreseen expenses and reductions on the goods to be sold (Axarloglou, 2004). There are three methods to which price markups are determined. These are based on the product’s …

The Differences Between Emerging and Developing Markets According to Oecd and Imf Definitions

In this article I’m going to try to explain the differences between emerging and developing markets according to OECD and IMF definitions,the I’m going to talk about relationships between unemployment,GDP and industrial production. Then I’m going to look at the effects on emerging and developing markets and try to find an answer the effects is …

The Environment of Modern Business

The aim of this essay is to explore a list of ways how the government helps or hinders the development of a successful business environment. In order to achieve the clarification of this subject, PEST(LE) analysis is used. There is no doubt to say that every nation state needs some form of government to regulate …

“Miti Contributed Significantly to Japan’s Economic Success”

The Ministry of International Trade and Industry (MITI) was one of the most powerful agencies of the Government of Japan. At the height of its influence, it effectively ran much of Japanese industrial policy, funding research and directing investment (Ito, 1997, p. 196). Today Japan has the second largest economy in the world and its …

Lenovo computers: east meets west

1. What national sources of competitive advantage might Lenovo draw from its Chinese base? What disadvantages derive from its Chinese base? To identify the main national sources of competitive advantage that Lenovo might derive from Chinese based, first we should look more closely to the economy as for the long run. We can notice that …

A Raisin in the Sun: Themes

There are many themes used in “A Raisin in the Sun”, which is based on the poem “Dreams” by Langston Hughes. Two of the major themes I noticed while watching it was the value of dreams and the importance of family. All of the members of the family has a separate, personal dream for their …

Elements of Microeconomics

Considering the elements of microeconomics, create a list of three (3) best practices that would benefit any small business or start-up. Explain your rationale. The element of microeconomics is every business endeavor is an exchange between a buyer and a seller. Understanding the factors that determine demand and supply is the first best practice that …

How Economic Influence Your Life?

Economics defined as a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing. Thus it is on one side a study of wealth; and on the other, and …

Market Structure of Airlines including a Market Structure Table

Each business that operates provides goods of some nature, public, private common resources, or natural monopoly. To provide these goods to consumers and make money businesses are subject to Supply and Demand costs of labor as well as the Market Structure of its competition. Using knowledge in all of these aspects of economics it is …

Economics of Protecting Ithaca

Economics of Protecting Ithaca       Number of Police Officers to Hire Total Social Cost Marginal Cost Total Social Benefit Marginal Benefit Net Social Benefit/ Loss (-) 0 $0 – $0 – – 1 50,000 50,000 93,000 93,000 43,000 2 100,000 50,000 175,000 82,000 32,000 3 150,000 50,000 246,000 71,000 21,000 4 200,000 50,000 …

Analysis Porter’s Five Forces

Analysis Porter’s Five Forces   According to the latest report of the Economic Intelligence Unit (16 November 2007), the world travel and tourism industry is expected to record its fourth consecutive year of growth in 2007, following a downturn that began in the wake of the September 11th 2001 terrorist attacks on the US. This …

Marx Versus Hegel

Marx Versus Hegel       G. W. F. Hegel (1770 – 1831 A.D.) is referred to as an idealist, who believed that the only thing that is truly in existence is “the ideal” rather than the ordinary.  This “ideal” came from the “Absolute Mind,” which was a perfect mind in Hegel’s opinion.  He believed …

Marx Economics, Final Exam

Marx Economics, Final Exam   1. First, explain carefully how Marx uses the concepts of labor and labor power to show how and why surplus value arises in capitalism.  Second, explain the connection of your answer to the concept of class exploitations.   Marx explains labor and labor power by stating that all labor is …

Scarcity in Economics

Scarcity is the inability to satisfy all wants of humans due to a lack in resources or supply. Where human wants exceeds output, this can lead to something becoming scarce. Resources are means which make products, these can be natural resources such as land and raw materials, human resource or manufactured resources such as oil …

Meet the Brics

1. Map the proposed sequence of the evolution of the BRIC’s economies. What indicators might companies monitor to guide their investments and organize their local market operations? The BRIC’s economies are on the verge of the rapid growth of their consumer markets. (Experience indicates that consumer demand takes off when GNI per capita reaches levels …

How People Make Economic Decisions

Every day, people make decisions of varying degrees of importance. According to Hubbard & O’Brien, the issues discussed in economics are illustrated by a basic fact of life: that people must make choices as they try to attain their goals. Economics is the study of the choices people make to attain their goals given their …

Cost of War

Opportunity cost means it is the forgone alternative of the choice made. War is usually a choice. Other than world war ll, the wars fought by the United States since 1900, have been entirely by choice. So what about opportunity cost of a war like the one in Iraq? Leading up to the war there …

Managerial economics

Managerial economics The business markets consists of all the organizations that acquire goods and services used in the production of other products or services that are sold and supplied to others. The major industries making up the business markets are agriculture, manufacturing, constructions, communication, banking, finance and the most important is the Retail store industry. …

Main Economic Indicators of the world

Main Economic Indicators of the world   Economic indicator refers to statistic about the economy. The main purpose and use of economic indicators is to analyze the economic performance and predict the future performance. Economic indicators have an influence over the country’s currency. In a global scenario the main economic indicators play a role in …

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