Economics essay samples

Event 1:

If the government passes a law allowing states to pay unlimited unemployment benefits to all unemployed for an unlimited amount of time, it will influence workers’ lives, as well as firms’ operation a lot. Firstly, this incentive will affect worker’s incentive to produce. It does not stimulate production and hence empl... read more

Game Theory

Game theory is the official study of conflict and corporation that entails a study on strategic decision-making. The concepts of game theory usually relate to whether the actions undertaken of several agents are mutually dependent. The agents in game theory may represent agents, people, groups, corporations, or a combin... read more

The analysis of event by using the supply-demand framework

Demand and supply are two perhaps the most powerful market forces. Together they set the equilibrium price level and quantity sold (Mankiw, 2007). Therefore, the analysis of their determinants is of special interest for us.

OPEC reduced the production of oi... read more

The documentary under analysis “Capitalism: A Love Story” (2009) by Michael Moore became a real event in the political and social life not only in the USA but in the whole world. We should admit that this fact is not at all surprising since almost all documentaries created by M. Moore caused hot discussions both among the experts and general public d... read more

The Bureau of Labor Statistics calculates six alternative measures of unemployment, U1 through U6. They differ in the duration of unemployment and some other aspects. Nevertheless, there is no data of the duration, so only U6 can be calculated.

Unemployment rate can be calculated by dividing the number of unemployed individuals by ... read more

There are several factors why the southern EU countries have performed relatively poor than the northern ones. One of them is that prices rose far faster in the peripheral countries like Greece, Spain, and Portugal. In Greece, for example, prices between 2000 and 2007 rose by eight percentage points, and for Spain it was seven points. Since the periph... read more

Introduction

While dealing with customer services, one knows that the customer is always right. That is the usual concept accepted by most companies and businesses nowadays. However, it was not always the same.

The history of the idea of quality in services and production appeared in the 26th century BC when the earlie... read more

Paper evidence

As described in the article, McAllen is one of the poorest counties in the United States of America. It has not enough capacity to provide for the overall and universal health living to its citizens. It is a border city and has an influx of unhealthy citizens. The city has a low level of physician supply. The Medic... read more

Democratic transition in Thailand has been astonishing since its overthrow of absolute monarchy in 1932. It has had more shifts to democracy than any other country in Asia coupled with a shift away from democracy within the same period. For instance, since the promulgation of its constitution in 1997, Thailand has failed in all the counts of democracy... read more

Each economic entity conducting international business faces numerous external threats. The most common threat for the company’s welfare is an activation of competitors’ business operations. In particular it is an improvement in the technology of the manufacturing thus enhancing the quality of goods and ratio of price-cost for each manufactured item.... read more