Economics essay samples

Summary

In his article “The Cost Conundrum”, Atul Gawande discusses the differences in healthcare expenditures of two homogeneous regions (McAllen and El Paso), and draws the particular attention to why McAllen, the region with the lowest household income in the USA (about twelve thousand dollars) and the annual healthcare cost of ... read more

Economic forecasting is extremely important for the successful development of any kind of business, as well as for the development of the country economics. Economic forecasting can be defined as a process or an attempt to predict the future condition of the economic situation. For the following purpose the set of statistic models are used. The following models use the variables which are us... read more

Expansionary and contractionary shifts are two possible changes in the aggregate demand and aggregate supply model. If the Central Bank lifts interest rates, the money supply would be decreased that indicates a contractionary shift of the model. Increase in international oil prices produces increase of local prices that provokes the same scenario. Appreciation in the foreign exchange rate de... read more

Minimum wage means minimum sum of money that workers get per hour for their work. It is set by the government in order to protect unskilled and inexperienced workers from self will of employers and provide them with normal conditions of living for this wage. At first time federal minimum wage was adopted in the Fair Labor Standards Act and it was only 25 cents per hour in 1938. For more than... read more

In 1926-1928 the U.S. economy was on the upswing. Increase of production volumes positively reflected on the financial performance of the companies, leading to the growth of the shares’ prices. The total value of the issued securities on the 1.10.1929 was about 87 billion dollars. The immense power of the economy was indicated by the fact that in 1929 the automotive industry has released abo... read more

Although international trade is flourishing nowadays, various members of the global community extensively apply versatile limitation on free trade. The policy of trade restrictions is engendered by numerous factors. Some countries aspire to protect the natural manufacturer, while others view artificially created trade restrictions as the method of political, economic and in some cases even m... read more

Balance of payments (BOP) is a system used by countries to record all international economic transactions completed within one year. Its purpose is to show how much money the country is receiving and how much it is giving away. Ideally, exports and imports should be balanced but it is not always the case. The BOP consists of three main components: the current account, the capital account, an... read more

Max Weber, a famous German sociologist, philosopher, and political economist, was born in 1864 in Erfurt, Thuringia. He was born in a family of a wealthy civil servant who held very strong moral absolutist ideas. From a very young age, Weber was exposed to a company of scholars, politicians and public figures. Such exposure had a very strong impact on a formation of his future views and opin... read more

Governor/District Bank President [Name] recommends to the Federal Reserve that it should adopt a tight monetary policy to solve the current macroeconomic problems of inflation, unemployment, and economic growth. The Governor/District Bank President also recommends to the Congress that it should adopt a tight fiscal policy to solve the current macroeconomic problems of increase of growth dome... read more

Canadian telecommunications industry is very specific in terms of its supply – amount of companies and conditions of entering the market in this country are rather different when comparing with the most of developed countries. Incumbent cable companies have created a cozy oligopoly inside the country and are setting their prices, inflating own revenues. Consumers have no choice, because the ... read more