Economics

When I entered college in Canada for a four-year program in Economics in 2007, I had my mind set on pursuing a career in economics.  I prepared myself for this by actively participating in several class assignments, particularly the economics courses.  In those and other several projects, I have understood the different dynamics that come with working for a financial firm. This has kept and maintained my thirst for this great profession over the years and as my records indicate, every...

The ongoing global recession has seen a number of powerful economies sinking into their knees. In order to tackle this recession, there have been a number of strategies and measures that have been taken by different nations in order to ensure that more economic damages are not done on the economies. Some of these strategies include the use of conventional and unconventional monetary policies, use of exit strategies, and also the use of fiscal policy. This paper will therefore look at the Australian...

An industry which has a Four Firm Concentration ratio of 20 can be characterized as one with a high degree of competition. In essence, it is highly likely that such an industry will, according to Grant (2002),  have attributes of a perfectly competitive industry  (P. 113) as follows A large number of buyers and sellers. Perfect knowledge and information about prices. Homogenous product. Little or no barriers to entry or exit. Minimal transaction costs. Profit maximization through the selling...

Thomas Edison was right to claim that we should consider discarding wrong attempts as a step forward towards achieving our purpose. My life has been laden with challenges which I have learnt to overcome and in the process I have recognized the value of perseverance. Success is for those individuals who struggle to work hard and achieve their goals regardless of any challenges. They keep going even when everything seems to be working against them. The most difficult challenge which I have ever encountered...

The enormous financial crunch ever witnessed after the Great monetary depression of the 30s has simply but unraveled the profundity of the inconsistencies encircling capitalism as a system, popularly known as control -investment funds. Exclusively, the collective catastrophe has exposed that capitalism, at its critical foundation, is trapped in a moribund-fiscal ensnare that has no exit plan. Geopolitical propositions (Soros, George 2008) in any case are vast.  Not only is capitalism weakening...

Since November 2008 the US Federal Reserve has implemented, some macroeconomic measures to aid the US economy recover from the global recession, this measures may have helped reduce the impact as well as aid the US automakers in fighting this economic downturn.On fiscal policies the US government has benefitedmiddleand lower-income households with Federal tax cuts as part of the787 billion stimulus planin early 2009.The US automobile industry has benefited with this tax cut because it leaves the...

In spite of its name, the Baltic Dry Index is not concerned with markets in Lithuania, Latvia and Estonia. The Baltic Dry Index (BDI) is a number given on a daily basis by the London-based Baltic Exchange that traces its origin to 1744 (Mackinder 2004). The Baltic Dry Index is the primary gauge of rates of shipping for the 26 key shipping routes that are the worlds busiest. The Index keeps track of world wide international shipping prices of a variety of dry bulk cargos (Kouwenhoven 2007). It is...

The accessibility of people when it comes to important utilities such as water, electricity, telecommunications, transportation, and others plays an important role in the lives of individuals. The aforementioned utilities have an essential part in the lives of people because these sustain the basic needs of individuals and also help in their other everyday activities. As a result, it is important that these utilities are given due attention when it comes to its operation and the way by which people...