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Macro & Microeconomics Essay

Asses the claim that the countries using thr Euro constitute an optimal currency area?
These two models are based upon the concepts of stationary expectations as well as the International Risk Sharing.( Kenen, 1969)One of the key attribute of an optimal currency region therefore is based on the fact that it is often larger than a single country. The creation of Euro has been considered as an engineered attempt to provide a case study to test the theory of how to create an optimal currency region as individual countries in the region may not have been sufficient enough to form an
Pages: 5 (1250 words), Essay
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Analysis a firm based in the UK or EU country with micro and marco economics, with the analysis state the recommendations describing possible strategies that the firm can consider.
The various retail products are moderately sensitive to the changes in their respective prices. When one retail company increases the price of its retail products, the consumers always have the option of buying the products from another retail chain store. However, the necessary commodities like the food items sold through the retail stores have low prices elasticities. Customers will continue to buy them, even if their prices are increased. Since the retail companies offer a diverse portfolio
Pages: 9 (2250 words), Essay
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Assuming independent and uniformly distributed private valuations, explain and discuss the optimal bidding strategies for: (i) a first price sealed bid auction (ii) a second price sealed bid auction
Maximization of a bidders expected surplus is dictated by lower a bid that increases surplus potential although on the other hand it reduces probability a bid becoming successful. More so, the probability of a bid becoming successful increases with valuation increase but decreases with an increase in the number of bidders with regards to their strategies and valuations. The basic optimal strategy for the first-price sealed bid auction is for a bidder to bid below the real valuation in order to
Pages: 6 (1500 words), Essay
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Assume you are employed in a small restaurant in Bolton and your manager ask you to prepare a report describing following concepts and the way that they can affect the restaurant operation
Demand in restaurants varies from fast food outlets, demand for the ethnic cuisines, accommodation, travelling and the entertainment services. The demand and supply in the restaurant is influenced by the price levels for services and goods. The prices for food and other services should be reasonably accommodating to the customer since the restaurant is small. This will increase the demand (Ayers & Robert 2004, p.However, the customers’ income determines the affordability of the services
Pages: 8 (2000 words), Essay
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Assess the significance of Austrian and Post-Keynesian criticisms of the standard neoclassical view of the competitive process
Furthermore, the theory tends to ensure that all the participants at the market place possess a perfect knowledge of the commodity offered, including price and related costs of each good/service. The theory also intends to achieve the perfect mobility of factors of productions. As a result, during the existence of such conditions, both the producers and customers are in the position to influence the price of the commodities offered at the market place. It is worth mentioning that due to the
Pages: 8 (2000 words), Essay
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Are economic agents (consumers) truly foresighted in their decision making?
It has also been noted that negative feedback will make a gain in a circuit to be stable. Moreover, research has it that the negative feedback is a fundamental principle as far as the operation of an amplifier is concerned. This is based on the fact that it can be used in creating practical circuits given its characteristic of setting up rates, gains, alongside other significant parameters. Thus, an op-amp circuit without a feedback lacks a corrective mechanism and this causes the output
Pages: 6 (1500 words), Essay
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Are Universities Cartels
Perfect competition and oligopoly in the American education market is demand products to be defined. A product is defined as a good or service produced by universities in an education market. Products and units of production affect the demand and supply forces in the education market. The availability of products in the education market is directly correlated to pricing.Defining products and units of output is directly related to pricing. Market forces in the education market are overcoming the
Pages: 4 (1000 words), Essay
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Aggregational role of voting and majority rule
The voting process is more efficient and of improved quality when the parties involved in the process are well informed on the material content of the funding process and the involvements in it. The voting parties after receiving all the quantity information required, use analysis of the process entirely, the comparisons and conclusions to persuade that the process is the best quality in the time line as well as the commodity line (Lipahart, A.The electorate vote on basis of information and
Pages: 6 (1500 words), Essay
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Ambulance service
This aims at completing the case at that instant without extending it to the emergency department. Increased consistency of the calls may trigger an onward referral to community and local care services. In see, treat and convey service, LAS conveys its patients to specialist centers and other emergency departments across London. This depends on the present condition of the patient (Halter et al 2006, p.The institution has been delivering large scale health outcomes for cardiac problems, stroke
Pages: 6 (1500 words), Essay
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Anything about Macroeconomics
Inflation at 3 - 4% per year is assumed normal for a modern economy and it is also considered an incentive to increase output and is known as the natural rate of inflation (natural rate of inflation).On the other hand, hyperinflation is also measured in percent usually on weekly basis and the level of which is 40 - 50 % per month, or more than 1000 % per year. Classic examples are the situation of hyperinflation in Germany was observed in January 1922 to December 1924 , when the growth rate of
Pages: 6 (1500 words), Essay
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Article Analysis (can be improvised; doesnt have to be this title)
Curve – which it can do by controlling the supply of money in order to achieve a desired interest rate – it could affect price levels in addition to triggering high or low inflation rates as depicted in the Phillips Curve (see Fig. This strategy has been known to work elsewhere. For example, there is the case of the interventionist regime adopted by the Russian Central Bank, which has been responsible for radically driving down Russia’s inflation rate since the 1980s. The Phillips Curve
Pages: 4 (1000 words), Essay
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Assess the extend to which the merger between firms is in the interest of both consumers and the firms
This is because mergers and acquisitions normally get huge media coverage, as a result, the companies can take advantage of this, to outline their policies, and also market their products. A company that experiences a merger will also manage to increase the value of its stock, and this is because of the perception that the new entity formed will be profitable (Foster, 2010).For instance, the merger between US Airways, and the American Airlines was able to get a wide coverage, for the entire
Pages: 4 (1000 words), Essay
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A macroeconomic Theory of the Open Economy, Supply and demand for Loanable Funds and for Foreign-Currency Exchange
Sacrifice or cost of borrowing the loanable funds from the suppliers and it is the value of money that a person pays for using the dollar for one year. It is also the benefit or compensation to the person or entity supplying the funds. The rate of interest is usually expressed as a percentage of annual funds spend or borrowed. When dealing with the loanable funds one considers the interest rate which is adjusted for inflation to take care of the price changes. It is essential to ponder on the
Pages: 15 (3750 words), Essay
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A critical review of constraints of achieving economic growth in any economy of your choice.
The business cycle represents an upward and downward movement of the gross domestic product in a country. It also refers to the timings of contractions and expansions in the level of economic activities related to the trends of long term growth. The business fluctuations mainly occur around the trends of long term growth and involve the shifts between periods of expansion and contraction. Business cycles are important factors for consideration in economic growth of a country because they
Pages: 5 (1250 words), Essay
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Article research paper
For many years, investing in mutual funds has been viewed as safe mode of investment as it incorporates both individual capitals with many different investors, which makes investors to invest in different types of investment at less cost (Renneboog et al 2008).There are two different types of mutual funds investment namely; socially responsible mutual funds and conventional mutual funds. The socially responsible mutual funds involve certain factors to consider while making decision concerning
Pages: 5 (1250 words), Essay
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A policy of discretion gives central bank the ability to react to news about the economy. In this light discuss whether discretion is a better way to run monetary policy than following a rule.
However, the policy rules preferred in this research description paper have generally not involved fixed settings for the monetary policy instruments. The instruments not involved are such as the phenomenon of constant growth rate for the supply of money. In this context, the rules have been proved to be responsive by calling for the changes in the supply of money, monetary base and the short term interest rates these callings are to provide a response to the changes in the levels of price and
Pages: 6 (1500 words), Essay
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Are there any economic reasons for continuing EU agriculture support as opposed to leaving agriculture to the mercy of market forces?
It is no surprise that the rate of agricultural employment fell by about 25 percent over the last decade(Dearden, 2005, p. About 60% of the EU population live in the countryside and cover 90% of the Union’s territory. The countryside is one of the greatest interests of the EU since farmers need help in protecting the environment, as well as their way of life. Currently, the CAP offers adequate training to farmers, and assistance to new farmers starting up(Pelkmans, 2006, p. Their subventions
Pages: 4 (1000 words), Essay
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Acemoglu, Johnson and Robinson proved that institutions are the ultimate cause of economic development. Do you agree?
According to Acemoglu et al. (2002:572), Atlantic trade catalysed European growth via ancillary institutional media as well as its more pertinent root effects. However, the crux of their argument, which relates to this paper, is that Atlantic trade earned huge profits for merchant interests in favour of institutional reform in states that satisfied two vital preconditions: democratic initial institutions and convenient access to the Atlantic. The result was a shift in political influence away
Pages: 4 (1000 words), Essay
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Assess the importance of foreign capital and overseas emigration for the economic development of Germany in the 19th century.
This capital was predominantly invested into European countries but also other regions obtained considerable amounts of capital. In the middle of 19th century, private banks were the main financial intermediaries for foreign securities, but were later displaced by the joint-stock banks. The large majority of foreign securities were bonds and the main issuers were governments and railroad companies to Germany’s neighboring countries (Clark & Feenstra 2003, 208).The countries to the exterior of
Pages: 4 (1000 words), Essay
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Ar, bond and stock prices frequently fall in response to unexpectedly low unemployment rates.
Of the economy since the economy normally improves before the rates of unemployment can begin to rise again; nonetheless, unemployment creates some kind of ripple effect in the entire economy. When one person loses his or her job, this decreases by one the number of people who are supposed pay additional sales tax revenues since this person will most likely reduce their spending on unnecessary commodities as a result of less disposable income as they are anxious about their financial
Pages: 5 (1250 words), Essay
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