Macro & Microeconomics Essays and Research Papers
Critically appraise the fiscal strategy of the UK Conservative-Liberal Democrat Coalition government
Subsequently in 2012, there were new measures introduced to ease taxes that included 5% cut on the top rate of tax and the increase in the threshold of the personal income tax allowance. There was also a cut on the personal income tax allowance that pensions are entitled to, the reduction of benefits to children and an increase on taxes levied on tobacco and other items.
It is important to note from the onset that fiscal responsibility is one of the core policies of the Conservatives manifesto,…Read Text
Current Microeconomics Events in the United States
Whatever growth that happens is offset by the increasing debt, while low interest rates prevent the economy from affecting a recovery in the short run. Low interest does increase borrowings for businesses and individuals but the default rate in the US is very high; almost twenty percent. Consumers are reluctant to buy new homes and prefer to wait and watch as they are not currently prepared to take more loans during times of uncertainty, primarily because assets have the tendency to decline in…Read Text
Does the General Sales Tax Impact the Personal Consumption Expenditure
The estimation for the next year after 2007 was 7.75% tax rate and this was observed to be the trend to be followed unless the economy in the whole world is restructured since the people in California must rely on imported and exported goods and services. In this case study, the main objective shall be to show the effects of increased sales tax on the well-being of people in California.
The methods that shall be used shall help to come up with resourceful data that shall be analyzed in depth.…Read Text
(Smith, 1976, p205)
• The setting up of income and price ranges would depend mainly on issues in relation to fairness.
• The pressure of enticement in the direction of corruption and antisocial conduct and their part in the economy.
• Money semblance is yet another building block of their principle. The general public is puzzled by indexation and would not reason by way of its outcomes.
• Lastly our presentiment toward reality of who we have been and what we are performing, is…Read Text
Economic Impact on South Africa post Soccer World Cup: Research Proposal
The quantitative boost that the positive exogenous shock is expected to produce could be evinced from various figures like employment rate, GDP, FDI inflows as well as rate of domestic investment. However the qualitative aspects of the same could be represented by betterment in the standard of living though this aspect too could be measured through estimating a few selective variables like deterioration in the poverty rate of the concerned nation, betterment in the consumption basket of the…Read Text
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The current paper examines the impact of the 2007/08 global financial crisis on employment in the European Union (EU). The paper shall…Read Text
Considering the fact that neo-classical economics envisions four market types: monopoly, monopolistic competition, oligopoly and perfect competition and that only under perfect competition can the tenets of neo-classical approaches work best, it would be fair to say that neo-classicalists often fall short as far as issues of environmental economics are concerned since the very definition of property rights and the means to enforce them is at the heart of solving environmental issues (Reisman,…Read Text
Explain the changes in Chinas economic development strategies from planning to the current socialist market system
The policy shift was mainly prompted and informed by the recognition and acknowledgement that China’s ordinary people’s incomes were much lower than those of other Asian economies (Svejnar 2008, p. 69). Subsequently, areas of foreign investment were established by the government. They included, categorised into zones, special economic; high-tech industry development; open coastal cities; open border cities; technology and economic development; the open peninsula; and open delta (Wong &…Read Text
Globalisation and the Transition Economies: Russia and China
Still, the problems arising for example from the shortage of domestic saving and the deficiencies of the capital markets cast the principal issues in a very different light. The major other components in a reform programme are generally thought to be macroeconomic stabilisation following price liberalisation; opening the economy to foreign trade and competition; and institutional reform, including reform of the legal system and reform to the functioning of the state.
3.2 Case studies of…Read Text
How does the late 2000s recession differ from the great depression
Its calculation formula is:
Number of unemployed individuals ÷all individuals in the labor force
If a country has a high unemployment rate it means that there are too many of their people who are not working and therefore, cannot maximize the use of resources. If employment rate of a country is high, this means the output in the country will also be high. Similarly, when a country is able to maximize the use of labor force and maximize output, its economy would be in a better…Read Text
Is the further emergence of global competitors (e.g. India or China) going to threaten the economic competitiveness of the EU
2.2 China economic outlook
China has the second largest economy and has gross domestic product (GDP) of almost $ 11 trillion and economic growth potential of overtaking the United States in terms of the GDP size. China has trade surplus and 2 per cent inflation rate (OECD, 2013). The country has attained consistent GDP growth rate of 10 per cent over the last few years and has established close trade partnerships with the Asian countries and the United States. China’s real GDP growth will…Read Text
Since the 1950s, governments recognized the fact that a large number of individuals did not have any other option but to be under the dominance of those monopolists. Consequently, there were implementations of programs where the governments subsidized the provision of credit to small-scale farmers in most developing nations (Parmar, 2003). Institutions of development finance and international donors did the delivery of inexpensive credit to the poor farmers. The difficulty in the examination of…Read Text
Short question, which can be linked together
Unemployment Rate of UK’s economy is exhibiting a trend of rising with the inflation rate of the economy. This is considered one of the most challenging macroeconomic situations in macroeconomic text books. This is because a high inflation is generally associated with lower levels of unemployment since all factors of productions are…Read Text
The difference between systematic risk and specific risk
In this case, losses must exceed capital insulation to spread through the domino effect channel. Poor image created by bad news about a financial institution sounds an alarm once the investors fear that other organizations might have similar damaged liabilities and assets even if the financial institution does not fail. Experts in financial matters apply the term contagion when possible creditors and investors avoid entities appearing to have characteristics of failure (Milkovich, Newman, &…Read Text
The Effect of Education on Economics Growth
It can be said that the government spending on the different education levels is an indicator of the human capital that will be formed in the country and which will then lead to economic growth and development.
Education-education has many definitions. For the purpose of this paper, education is defined as the process through which human beings learn and through which knowledge is passed on and the mental faculties are trained. Education is a process that is continuous and through which…Read Text
The Maastricht Treaty
The deficit established was more for political purposes rather than economic, because it was deemed that the European Union was desirous of being perceived as a deficit bias entity by the wider global community.
Despite the fact that the debt ceiling was based on the incoming member state GDP, most accepted members, according to Euro Economic (2009, were not able to achieve the standard , but were admitted if they are able to show that they had good debt management practices in place,…Read Text
Understanding Economic Diversification in the UAE
Understanding Economic Diversification in the UAE Table of Contents The UAE economy 4 Concept of Economic Diversification 5
Growth of the Oil and Non-Oil Sectors over the Last Ten Years 6
Contribution of the Following to the Growth of the Non-Oil Sector in the UAE 7
Free Zones 9
The Stock Market 9
Summary and Recommendation 10
This paper will explore the economy of UAE by discussing strength and weakness in a way that facilitates the understanding of the topic in…Read Text