Economics

I am aware of the fact that Dan Browns The Da Vinci Code has several negative reviews and criticisms from conservatives, especially from the Catholic Church. However, despite this fact and all the issues that have sprung from this volume, I still believe Brown made an excellent job in this piece of literature. I decided to read The Da Vinci Code even before people began talking about it. At first, I thought it was just some plain revelation of the artist, Da Vincis styles, genres and personal life....

Iceland Scholarship Essay Iceland The Worlds Smallest Currency Area and Its Implications in the Current Financial Crisis Iceland today is suffering from a prolonged financial crisis due to the collapse of Icelandic currency and banking system, as an after shock of the global recession that began in 2008. Iceland financial problems have far ranging repercussions no only to it fragile economy but also to those developed countries, like the U.S. and UK that invested heavily in the country, . Its...

I agree with your view on the fact that developing countries cannot entirely decouple themselves from developed economies. It is however in my opinion necessary that the developing economies should have measures in place which can help cushion them or reduce the impact of financial crisis in the developed countries. This can be done through implementation of countercyclical policies which are meant to prevent financial contagion which can cripple domestic financial institutions in developing countries...

This paper analyzes the paper Is competition really bad news for cooperatives Some empirical evidence for Italian producers cooperatives written by Ornella Wanda Maietta and Vania Sena (2008). The authors analyze the nature of the relationship between market power and technical efficiency for producers cooperatives. This analysis becomes very important in the context of the changing environment in which cooperatives are operating now, where product market competition is getting stiffer day by day....

I      Executive Summary of the Project Introduction Cigarette smoking and other tobacco use impose a growing public health and economic burden globally (Chaloupka et al, 2001) The authors remark that approximately 4 million persons will be killed annually by tobacco use, and by 20030, the estimates, based on current trends, that this number will increase to 10 million. Tobacco use is the number one preventable cause of death in the world, and it is projected to kill one billion...

Abstract In the light of the ongoing financial morass that is affecting the United States and most of the countries across the globe, the event that an individual has been terminated, laid off or lost his employment due to the companies folding is not an uncommon scenario. With the global crisis seen to be far from over, many Americans will probably be out of work for a considerable amount of time. But a number of Americans have taken this opportunity to establish their own businesses or be self...

Market Structures The four basic market structures we have studied are perfect competition, monopoly, oligopoly and monopolistic competition properties are summarized in the table. The basic market structure that is under discussion in the current scenario is monopoly in a situation where Microsoft is allegedly breaking the anti-monopoly laws i.e. moving from a perfect competition situation to a monopoly where it has complete control over the internet software industry. As could be seen from the...

The value of a commodity and how it is defined today has a long history of debate among brilliant minds. Early economists were often sought answers on what determines the price of goods and what the best measure of welfare is. Various theories of value were developed focusing on the cost associated in producing the commodity while others saw the utility derived from the consumption as the measure of value. This paper is an attempt to revisit the history of evolution of economic thought on what governs...

It is normal that there are times when it is peak time and there are some other times when it is off peak. Due to this shift, there are usually some changes that take place in industries which are affected. Taking for instance the electricity industry, it happens that electricity is a very crucial commodity in our day to day life. It is used in domestic and also in industrial productions. There are times when electricity is in high demand and since it follows the normal demand and supply curve,...

1. Terms of references The aim of entering to any contract by a company is to make profits. However Our company responsibility doesnt end there but also in ensures that our company produces some high-quality services to our customers.  This report looks at the different clauses in the contract as well as the maximum quantity to carried from each loading port base on the ships design, cost per tone of Cargo, time charter equivalent and the number of shipment required to deliver the goods. Aside...

Companies are facing different decision-making scenarios everyday. They may be faced with dilemmas which may come in the form of the need for manpower diminution, acquisition of new machines or facilities or the demand for a more aggressive marketing campaign. In order to address any concern, it is essential for the top management to employ systematic, well-thought of and appropriate actions. One tool that is highly recommended to employ specifically for decision-making scenarios is the Cost-Benefit...

A monetary transmission mechanism is said to be a way which can lead to the transmission of real and monetary shocks of a countrys economy to another through monetary channels involving interest rates. These mechanisms can have a negative or positive effect on Nigerias economy which produces crude oil. Mechanisms Affecting Monetary Policy Monetary value can affect the level of investment in a country. Monetary policy works by creating influence on the economys demand and a low influence on supply....

The factors affecting the U.S. economy is examined to explain why the GDP growth was not as it was expected. There were both external and internal factors that affected the slowdown in the U.S. economy. The massive bail out of the American government for its failed financial institutions resulted in tremendous debt obligations to foreign governments. These debt levels are unprecedented and they are reaching a critical point where it might not be palatable for foreign entities already to support...

This study is an analysis of competition laws in the US economy.  The United States economy is primarily a market economy in which the prices of services and goods are determined by the forces of demand and supply in a freely regulating price system. As such, enterprises are free to innovate and produce products that give them a competitive advantage in the market. However, the production and innovation by specific enterprises should not inhibit the ability of competitors to access the market...

The first potential scenario for costs in the auto industry is for them to benefit from the freedom given by steering away from oil based fuel engines. The move by GM to develop plug-in type of vehicles will be very important in determining the sensitivity of America and the rest of the world into the fluctuations of oil supply. We are all affected by the constant surges in oil prices as their demand and supply is literally the basis why the industrial world keeps on going. Environmental politics...

The real side of the economy (often termed as real economy) is the physical side of the economy dealing with the goods, services and resources.  It is concerned with using the resources to produce goods and services which are used to meet the demands of the public and government. In real economy we study how the factors of production (i.e. Labor, Capital and Technology) are being used which directly affects the output of an economy (Peterson, Lewis,  Jain, 2007). It measures the aggregate...