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Financial and Monetary Economics - Financial and Monetary Economics ‘‘Should we consider the Stock Market an efficient market.’’ In theory the Stock Market is said to be efficient as stock prices should follow a random walk, which, means that stock price changes should be random and unpredictable, If stock prices were predictable then this would prove that the stock market is inefficient as this implies that all available information was not already impounded in stock prices. Hence the notion that stock prices reflect all available information is known as the efficient market hypothesis (EMH)....   [tags: Papers] 1625 words
(4.6 pages)
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Inside Scoop on Economics - Inside Scoop on Economics G.M to Cut 30,000 Jobs and Close Some Factories General Motors, suffering from inefficient sales, high costs of production and massive losses, announced that they planvned to close down a dozen facilities in the U.S. and Canada and eliminate 30,000 manufacturing jobs over the next three years. This decision is based upon their competition with other car-manufactures, such as Toyota and other overseas automakers, the annual increase in the price of oil/gas, and the consequential decrease in demand for their vehicles....   [tags: Papers] 605 words
(1.7 pages)
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The Relationship Between Economic Growth and Social Development - Economic growth and social development are complementary and close relationship constraints. However, with economic growth, it is clear that there are many environmental concerns in today’s society. Air, water, and land pollution have been worsening; the environment of wild animals and plants have been seriously damaged, many species are threatened with extinction, deforestation and over-exploitation of mineral resources give human survival and development a real and more serious potential threat....   [tags: Economics ] 1458 words
(4.2 pages)
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The Relationship Between Economic Growth and Environmental Protection - I. Introduction Economic growth and social development are complementary and they have a close but complex relationship. With the economic growth, it is clear that there are many environmental concerns in today’s society. Air, water, and land pollution have worsened; the environment of wild animals and plants has been seriously damaged; many species are threatened with extinction, deforestation and over-exploitation of mineral resources....   [tags: Economics]
:: 10 Works Cited
1701 words
(4.9 pages)
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The Economics of Illicit Drugs - In this essay I will define drug abuse and show the economic impact of the sales of illicit drugs. I will introduce an argument for legalization and the impact to the economy. Next I will discuss some of the economic cost from lack of productivity, health care cost and other cost associated with Drug abuse. In order to understand the economic impact of illicit drugs we must first define what a drug is. A drug is defined as any substance other than food that affects the way your mind or body works....   [tags: Crime and Drugs]
:: 3 Works Cited
1305 words
(3.7 pages)
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The Economics of Wind Power - The dependence on power for society has been increasing for centuries. There is a need by society to utilize the power it generates for consumptive purposes. The amount of power and the type of power that is generated has been found to have conflicting effects on the environment. The environment is one of the biggest concerns that interest people when it comes to the kind of power that is produced. Environmental activist play important roles in helping to monitor and strives to support regulations by the government on power sources....   [tags: Alternative Energy]
:: 4 Works Cited
2072 words
(5.9 pages)
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Government and Economics in China - Introduction China is one of the most populous countries of the world with over 1.3 billion people and covering a geographical area of about 9.6 million square kilometres. It lies on the eastern end of the large Asia continent and enjoys a remarkably long coastline. It has a large economy, given the large population and a wide array of natural resources especially mineral resources which are the backbone of its economy. With a well cultivated constitution that was put in place by the largest political party, the Communist Party of China (CPC), China has reforms underway aimed at closing the otherwise wide gap between the rich and the poor....   [tags: China]
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1288 words
(3.7 pages)
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The Economics of Ecological Restoration - Humans have always had a negative impact on the environment. The dependency on the environment has caused us to exploit it as natural resources. These resources are put in to product essential and non-essential goods for the human population. Many of these resources such as timber and fish stocks, are limited by time and can result to resource depletion (Field, 2008). The United Natios Millennium Ecosystem Assessment states that approximately 60% of the world’s ecosystems are uses at an unsustainable rate (David Suzuki Foundation, 2008)....   [tags: ecosystems services,natural resources,restoration]
:: 9 Works Cited
1283 words
(3.7 pages)
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Theories and Application of Economics - In the twentieth century many classical or non-classical Economist claimed that the Economy will always be at or close to natural level of Employment (Keynes, 1936). In Appropriate it is the great features of the economic system in which we live, while variation in output and employment will make the economic system violent. The recession in United States was resolved by practicing the Keynes policy. Keynes Expansionary policies were also implemented by Sweden and Germany but the true success of Keynes can be seen after the World War II which provided a boom to Economy (Keynes, 1937) Evidence indicates that natural employment will be for limited period....   [tags: Employment, American History]
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1528 words
(4.4 pages)
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The Economics of Student Performance - Student performance is measured by production function. Educational production function is a relationship between the inputs and the outputs of education (Dolan, 1994). It has been generally acknowledged (Dolan, 1994) that income or scores on some standardized tests as a proxy measure of the outputs of education. Educational inputs can be categorized in many categories. In Mood (1969) divided inputs of education into five broad categories; student’s own abilities and attitudes, support of family, community and peers, properties of educational system and society’s posture with respect to education....   [tags: Education]
:: 29 Works Cited
909 words
(2.6 pages)
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Government, Economics, and Fiscal Policy - The statement “I want my job back!” has become a war cry for the masses. Great amounts of money are being dumped into the economy, but with little to no return. The system is failing and people are becoming restless. In light of the recent “Occupy Wall Street” protests the question begs to be answered, “Are we going to get our jobs back?” With so many politicians declaring they have the answers, how can we find the correct path to follow. Something is missing from both plans, but first the plans should be discussed before criticism can begin....   [tags: Government]
:: 4 Works Cited
1261 words
(3.6 pages)
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Economics of Far East Countries - Some countries in Asia have sufficient latitude on the fiscal front. Singapore and Hong Kong are highly fiscally flexible – both have been running years of fiscal surpluses, have negative net government debt (due to large fiscal reserves – S&P estimates HK and Singapore’s net general government debt position at -32.6% and -83.9% of GDP, respectively, in 2010) and can provide a backstop if economic conditions significantly deteriorated, though historically, Singapore has been more fiscally interventionist than Hong Kong....   [tags: High Fiscal Flexibility] 938 words
(2.7 pages)
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Main Economic Features of Oligopolies and Price-fixing Theories - Introduction Oligopoly, from the ancient Greek όλίγοι "a few" and πώλης "seller" (Woodhouse, 2002), defines the market with a small number of large players. (Begg and Ward, 2009, B&W). To demonstrate a clear understanding of what it is and how it works, this essay will be tacitly divided in two sections. In the first section I will discuss oligopoly's definition, demand curve, main features and price-fixing. In the second, I will illustrate oligopoly by referencing the UK Beer Market, and the extent to which this industry could support price-fixing....   [tags: Economics]
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2276 words
(6.5 pages)
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Economic Liablity System of the Kingdom of Saudi Arabia - Risk is a fact of human life. And, contemporary living has more risk of a certain kind than living in the past. Take the case of economic activities particularly now in the international context. There are definitely more and greater risks now, especially in the securities or capital market, than when barter was still the medium of economic exchange in any country in the world. The current risks are not only occasioned by the hugeness of the business or organizational entities at play , the enormity of finances that are involved, and the complexity of the transactions that are concerned – among others....   [tags: Economics] 541 words
(1.5 pages)
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The Relationship Between Public Capital and Economic Activity - 1 INFRASTRUCTURE: In the Aschauer’s (1989a, 1989b) original work, a Cobb-Douglas production function was estimated with stocks of various infrastructure as capital and labour as the other input. He established that military capital had insignificant association with productivity. Nevertheless, the ‘core’ infrastructure such as streets, highways, airports, mass transit, sewers, water systems, etc., had the majority explanatory power for productivity. The relationship between public capital and economic activity at the State level in the US was examined by Munnell (1990a, 1990b)....   [tags: Economics]
:: 29 Works Cited
1246 words
(3.6 pages)
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The Economic Effects of the Slave Trade on Africa, Britain, and America - In today’s world it is widely know and accepted that money makes the world go round but, unfortunately that is not the question. The question is: what made the world go round in the early 1600’s. Surprisingly, just like the world today money made the world go around back then also. One major difference is that in today’s world machines do all of our dirty work, back then it was all up to the slaves. Finding the perfect slave was a challenge to the colonists. First, there was the indentured servants, second, came the Indians....   [tags: Economics]
:: 7 Works Cited
1409 words
(4 pages)
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Links Between Stock Markets and Economic Growth - Townsend’s (1979) study was motivated in part by questions of optimal regulation of financial institutions such as intermediaries, and it suggests a simple theory of intermediation and avoid the difficulties associated with non-convex technologies using a game theoretic approach “non-cooperative game theoretic model”, and it is described in which exchange is motivated by risk sharing considerations. Through liberalization of interest rates and other restrictive; equity markets may improve allocation efficiency....   [tags: Economics ] 1164 words
(3.3 pages)
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Encouraging Economic Growth with the Fair Tax Act - The recent global economic recession, the slow recovery, and the looming threat of a “double dip” recession have left most Americans bewildered. The issues are complex. The way ahead is unclear and fraught with danger. No one in seems to be quite sure what to do. Politics bicker over ideological talking points while nine percent of their constituents can’t find a job. The price of food, housing, and healthcare rise but wages remain stagnant. The housing market continues to flounder while interest rates hover near zero....   [tags: Economics]
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1720 words
(4.9 pages)
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How Recent Economic Trends Influence Business - How recent economic trends are influencing the business A firm and its management are affected by many factors present in its environment and this because a business can not operate in vacuum. The factors existing in a business’ environment are beyond control by a firm and the factors affects how a business operates and performs in the market (Li, 2008). Other macro environmental factors besides economic that affect business performance include political factors, social, demographic or ecological, and technology....   [tags: Economics]
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1604 words
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Stock Markets: Effective in Promoting Economic Growth? - Introduction There is an existing debate among economists around whether financial development causes economic growth or growth is followed by other factors. To understand this relationship many researchers have focused on the impact of banks in the financial market on economic growth. The basic idea of financial development and economic growth was raised by Schumpeter (1912) who argued that the ability of financial sector in financing the entrepreneur’s innovation will lead to growth. Opponents of this idea argue that stock markets are not effective in promoting economic growth....   [tags: Economics]
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1321 words
(3.8 pages)
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Modern Monetary Policy: The Fed's Economic Oversight - Monetary Policy: The Fed's Economic Oversight Modern Monetary policy is defined as “[t]he actions of a central bank, currency board, or other regulatory committee that determines the size and rate of growth of the money supply in a country, which in turn affects interest rates. Monetary policy is maintained through actions such as increasing the interest rate, or changing the amount of money that banks are required to keep in the vault also known as bank reserves” (Investopedia). Meanwhile, fiscal policy is determined by government actions, and how money is spent and collected, not by a central bank....   [tags: Economics]
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2117 words
(6 pages)
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Economic Development - Economic development Is an activity directed to achieve maximum human welfare in all its manifestations and permitted to build a nation in the areas religiously required to turn in the world, in terms of the legitimacy of the development goals including: good preparation rights and building society with a proper level of a decent life for all members, in addition to building economic strength so that the adequacy of the nation in all the different areas of production (Beck, 1981). Government expenditures which are incurred by all governments are the money that a government spends in order to maintain its own functioning as well as promoting the wellbeing of the society and the economy as a w...   [tags: Economics ] 911 words
(2.6 pages)
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Economic Conditions - Economic Conditions There are many different countries throughout the world, with each country possessing its own approach to economics. Countries can be broken down into three categories of development, the three being industrialized, developing, and less-developed. The three countries that I have chosen to show these comparisons are Italy, Thailand, and Somalia. Italy is the industrialized nation, Thailand is developing, and Somalia is less-developed. The economic system of a country is the basis for all economic decisions....   [tags: Economics ]
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891 words
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Economic Evaluation - The change in health profiles of the population and the evolution of medical technology have made more explicit the gap between what medicine can do and what is economically feasible (Fuchs, 2000). Resources to satisfy needs are scarce and every society must decide how better to allocate the scarce resource among the different alternative uses. Economics tries to address the normative question of which allocation of resources is best for the society. The answer to such question depends crucially on the objective being pursued....   [tags: Economics] 868 words
(2.5 pages)
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Economic Crisis Harms Middle-Aged Workers - Unemployment is at an all time high. No group of people has been more devastated than older workers. Older workers are defined as individuals in their 50’s and 60’s. These older workers are at a phase in life when they should be saving for the final years of retirement and living a quiet life. Instead, people must take low-paying jobs, or start spending down retirement funds just to make ends meet. Many have turned to drugs and alcohol as a way to cope with the problems of their daily lives. This group is more impacted than younger workers for various reasons....   [tags: Economics]
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1936 words
(5.5 pages)
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Economics Assessment of Brazil - Brazil is one of the most prominent emerging economies in the world, indeed Brazil forms part of the BRIC group of emerging economies alongside Russia, India and China. Brazil does differ from some of its emerging economy counterparts in many ways, unlike China (but similar to Russia and India) Brazil has a democratic form of government and the centre-left Worker’s Party (Partidos dos Trabalhadores (PT)) has governed Brazil since 2003. Unlike other emerging economies, the Brazilian economy is dominated by the services industry which contributes 67 per-cent of Brazilian GDP and employs 70 per-cent of Brazil’s 100.77 million strong labour force....   [tags: Demographics, Brazil]
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2291 words
(6.5 pages)
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Economies of Scale - Economies of Scale Economics Test 1. Define and explain all Internal Economies of Scale: · Internal Economies of Scale:Are reductions in long-run average cost as the size and output of a firm increases. In other words, they are advantages that large firms have because they are large. As they grow larger in the long-run they manage to raise their output faster than the rise in their total costs. The result is lower long-run average cost. - Marketing economies- Both in buying materials and selling its finished goods a large firm is n a better position than a smaller one....   [tags: Economics Economy Essays] 1649 words
(4.7 pages)
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Ethical Economics - Ethical Economics The term ethical and economics should never be put into the same sentence. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America, as we have come to know it, is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society in which we live is truly what we make of it. The standards and principles of America's capitalism are truly ethical and fair....   [tags: Papers] 663 words
(1.9 pages)
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SME Development In Pakistan. Do Economic Growth And Government Support Matter? - In business world, small and medium enterprises have a long history of service for providing employment opportunity to the people of country. It increases the ability of people to make them more innovative and to cope with unemployment crisis. Small and medium-sized enterprises (SMEs) are seen as a key to economic growth, innovation and employment growth significant employment potential, revenue generation and technological advancement in most economies. It is very important sector in both developed and developing countries....   [tags: Economics ]
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2739 words
(7.8 pages)
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Economics Intervention and Externalities - ... The government suffers the cost of law enforcement, prevention and administrating the insurance system (Easton). Drinking alcohol results in a reduced workforce as a consequence of death or premature retirement and absence due to injury or sickness. The most significant sectors that get affected by the consumption of alcohol would be the health system, at every level from prevention to higher tertiary spheres to nursing care later on, the social security or other forms of public income maintenance, traffic management, and also to policing, justice and corrections....   [tags: drunk individuals, legal drinking age]
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948 words
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Economics: What are Externalities? - Externalities occur when economic decisions create costs or benefits for parties other than the decision maker (Visser, 2014). Both negative and positive externalities exist. A positive externalities arises when an action by a party results in benefits to others thus the social benefit is greater than private benefit. A negative externality occurs when an action by a party yields harmful effects on the other. In terms of negative externalities the social cost is greater than private cost. Market failure occurs when the private costs are not equal to the social costs....   [tags: social cost, power-generation] 1954 words
(5.6 pages)
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Greed Economics - Greed Economics Pokemon, Microsoft and the Economics of Greed Greed Economics: The uplifting or debilitating effect of the excessive desire of gain on the production, consumption and distribution of goods and services. Solid proof that “greed economics” lives and breathes was recently found in Newswek’s Novmber 8th issue in an article entitled “Puffy’s Crowded Orbit”. Sean (Puffy) Combs is founder and CEO of the extremely profitable Bad Boy entertainment. In the billion dollar a year rap music industry, he is the cognac in a world of beer....   [tags: essays papers] 620 words
(1.8 pages)
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Environmental Economics: Market Failures - “Most environmental and natural resource problems arise because of market failure, therefore solving these problems could be easily achieved through the appropriate extension of markets.” Critically evaluate this statement with reference to specific examples of pollution, natural resources and environmental public goods. The market represents a decentralized exchange mechanism that allows society to allocate resources efficiently. (National Oceanic and Atmospheric Administration, 2011) An example of a perfect market for the supply and demand for oysters is shown in Figure 1....   [tags: Protecting the Environment]
:: 4 Works Cited
931 words
(2.7 pages)
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Economics: The Macroeconomic Calendar - ... The normal yield curve typically occurs when investors in bonds expect the economy to expand at a healthy rate without fear of inflation. The curve slopes moderately upwards and is defined by an interest rate spread between the long and the short ends of several hundred basis points. There are slightly higher yields at the long end, compensating bondholders for inflationary risk associated with time. The inverted yield curve comes about because of two related bearish forces. At the short end the Federal Reserve has raised interest rates to combat inflation....   [tags: yield curve, indicators, recession] 1055 words
(3 pages)
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Economics and Global Warming - Arguably one of the most oft debated topics in recent years, the effects of global warming pose a threat to the world economy. Growth in the economy can spur changes in climate that have the ability to prove both beneficial and impeding to economic prosperity. An understanding of economic principals can provide insight onto the costs that are incurred with growth of industry and the methods that can be implemented to cede further negative effects. Global warming, by definition, is an increase in the temperature of the Earth’s atmosphere and oceans....   [tags: Environmental Issues]
:: 6 Works Cited
1767 words
(5 pages)
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To What Extent was the European ‘Scramble for Africa’ Driven by Economic Factors? - The ‘scramble for Africa’ was a phenomenon in the world between the years 1880-1914. The ‘dark continent’ was relatively untouched by Europeans up until this point, with few ports of control on the coasts in the west, which were remnants of the slave trade, and in the south, Britain held the Cape, taken from the Dutch during the French Revolutionary Wars. So, during a period of 30 years, it came to pass that almost the whole of Africa was taken by Europeans. (Except Liberia a colony for freed American slaves, and Abyssinia managed to hold out against Italian aggression)....   [tags: Economics]
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2162 words
(6.2 pages)
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Impact of the Economic Global Crisis: Current Situation and Prospects in the Philippines - Impact of the Economic Global Crisis: Current Situation and Prospects in the Philippines Asia in general was not affected by the current global financial crisis (1). The source of the crisis did not come from the developing countries as seen in the 1990s during the Asian crisis. In 2008 - 2009, the developed world initiated the global financial crisis with the sub prime lending implosion; thus, affected the rest of the world. The Philippines in particular did not fall into a recession since the banks were not exposed to toxic assets as seen in the European banks and other developed world....   [tags: Economics ] 1681 words
(4.8 pages)
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To What Extent Does Contractionary Policy Contribute to a Decline in Economic Activity? - Fiscal policy is the government’s attempt to influence the economy by setting and changing taxes, government spending, and the government’s deficit and debt (Matthews et al 2003). Contractionary fiscal policy is, therefore, a policy where a decrease in government’s spending, an increase in taxes plus a decrease in transfer payments are applied to mitigate the inflationary issues that occur during a business cycle expansion. Thus, it restrains the economy, decreases the inflation rate and closes the inflation gap....   [tags: Economics]
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1582 words
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Macro Economics - Macro Economics 1. Developing a model of an economy means answering the question(s) of: a. what to produce. b. how to produce. c. for whom to produce. d. what to produce, how to produce and for whom to produce. e. Only what to produce and how to produce, since distribution is not the task of economics. 2. Every year during the holidays there seems to be a great demand for some particular "hot" toy. This is an example of the effect of _________ on demand. a. tastes and preferences b. expectations c. income d. prices of other goods e. wealth 3. A market is in equilibrium when there is: a. excess demand....   [tags: essays papers] 4197 words
(12 pages)
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Keynesian Economics - Macroeconomics is the branch of economics concerned with the aggregate, or overall, economy. Macroeconomics deals with economic factors such as total national output and income, unemployment, balance of payments, and the rate of inflation. It is distinct from microeconomics, which is the study of the composition of output such as the supply and demand for individual goods and services, the way they are traded in markets, and the pattern of their relative prices. At the basis of macroeconomics is an understanding of what constitutes national output, or national income, and the related concept of gross national product (GNP)....   [tags: Keynesian model, Macroeconomics] 1668 words
(4.8 pages)
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Economics Elasticity - Businesses know that they face demand curves, but rarely do they know what these curves look like. Yet sometimes a business needs to have a good idea of what part of a demand curve looks like if it is to make good decisions. If Rick's Pizza raises its prices by ten percent, what will happen to its revenues. The answer depends on how consumers will respond. Will they cut back purchases a little or a lot. This question of how responsive consumers are to price changes involves the economic concept of elasticity....   [tags: Price Elasticity of Demand] 926 words
(2.6 pages)
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Economics Indicators - Economics Indicators Investments The Stock-Trak investment simulation program began on August 30th, which marked the first day that trading was allowed. A total available amount of $300,000 was used for investing. The objective of this assignment is to maximize the value of the portfolio through November 19th, which was the last day of the trading period. I began the process of choosing specific investments for my portfolio by taking an asset allocation questionnaire (appendix I). Since the objective was to maximize portfolio value, I made sure for each question asked that I chose the answer with the most risk....   [tags: essays papers] 2632 words
(7.5 pages)
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Economics Today - The Economics Today The opening bell on the floor of the New York Stock Exchange September 17, 2001 was a ring that no one was sure about. The Stock Exchange had not been open since the tragedies that occurred on September 11, and many were skeptical about how the market would fare on its first day of trading. We lost not only our stability of our nation the day the planes hit the World Trade Centers, but the stability of our economy as well. The Dow Jones closed at 8,920.70 and suffered the worst point loss since December of 1998....   [tags: essays research papers] 632 words
(1.8 pages)
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Australian Economic Issues - Economic Growth Measurement Economic growth refers to an increase in an economy’s productive capacity, as measured by changes in its real GDP (adjusted for inflation), over a period of time. Growth may be measured quarterly, annually, or year on year (changes from one quarter to the corresponding quarter the following year). Annual growth is used to identify trends in the business cycle, while quarterly growth provides an indication of the economy’s short-term direction, and year on year growth to show annual progress....   [tags: Economics ]
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1417 words
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Economic Growth and Development - Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects....   [tags: Economics]
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884 words
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Special Economic Zones - INTRODUCTION The concept of Special economic zones is quite popular with developing countries as it gives an opportunity for the domestic players to compete on international level with other countries. It also plays a catalytic role by helping the countries to export new products and find new markets, and in building up the image of the countries' products in the international market. Special economic zones are the zones where “industrial zones with special incentives attract foreign investors in which imported materials undergo some degree of processing before being exported again....   [tags: Economics]
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1649 words
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U.S. Economic Crisis - The United States is currently experiencing the biggest financial crisis after the Great Depression, in this paper we will discuss what caused the current economic crisis and why. Two What is the relationship between mortgages, the housing crisis and Wall Street. Third, how has this crisis affected fiscal policy and what are some of the drawbacks of government intervention. Four, what is the recession doing to GDP, economic growth and inflation and how are other countries faring. Five, discuss the different types of unemployment and why is underemployment becoming an economic issue and lastly, what should be done to get the economy back into expansion mode....   [tags: Economics] 871 words
(2.5 pages)
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Economic Literature Review - CHAPTER II: REVIEW OF THE LITERATURE 2.1 Introduction This chapter reviews the literature on exchange rate, stock market, the relationship between exchange rate and stock price. Few of this literature, the majority of the studies discuss the relationship between stock price and exchange rate. 2.2 Exchange rate The development of International Finance Corporation is an important trend of the world. Exchange rate is the most important international trade adjustment lever. As a national production of goods are calculated by the cost of national currency, to compete in the world market, the products cost must related to the exchange rate....   [tags: Economics ] 1144 words
(3.3 pages)
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Global Economic Recession - An economic recession is described as “a widespread decline in the GDP and employment and trade lasting from six months to a year.” (Word Net) The economic recession is an international problem that has been affecting countries like the United States, China, United Kingdom and others for over two years. The latest recession began when house prices and sales began to fall and large drop offs in business investments started. Another causing factor of the recession was citizens with bad credit buying houses and real-estate and mortgages not being paid....   [tags: Economics]
:: 4 Works Cited
818 words
(2.3 pages)
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Thailand Economic System - Thailand implements a controlled floating exchange rate system, pricing to market forces on the Thai baht, and the Thai central bank would only intervene in the market when necessary, in order to avoid excessive exchange rate volatility to the expected impact of economic policies. At present, the global economic slowdown, domestic demand is not good in Thailand. In order to keep the country's export competitiveness, the Bank of Thailand is more inclined to let the baht weaken. Trade and investment barriers (1)....   [tags: Economics] 2077 words
(5.9 pages)
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Economic Recovery Plan - Owning a home: the dream that every man dreams. The American dream is both a privilege and a burden. Typically, realizing a dream that you have had since maturity is pleasurable, however, for many Americans, the possibility of owning their own home is a temptation that burns too bright to resist. I live in Williamson County, in Tennessee, which, at one point, was ranked in the top ten wealthiest counties in the entire United States. The fact is this: if you live in Williamson County, you most likely have some money....   [tags: Economics] 1064 words
(3 pages)
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Chilean Economic Market - Chile has become the preferred test market in Latin America, in recent years the private sector from many industries used as the entry county for the Latin America market that is the case of the Chinese automobile industry, the since 2006 start it export vehicles in this country an today has share market of 8% (Chile C. , 2010) . The small size, economic and political stability make Chile an excellent country for experimentation, which can give the experience and the funds need it for AKH to start its expansion in the Hispanic market as the strategic used by Chinese automobile industry ....   [tags: Economics] 879 words
(2.5 pages)
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American Economic Crisis - There are many things that are fundamentally wrong with the U.S. economy. In fact, warning signs are everywhere. Politicians are more concerned about elections than addressing the real issues. Voters are more concerned about whether gay people should be allowed to marry, rather than fixing the problems that affect all of us. All the while, the economy is diving further and further into its despair. One of America’s largest problems is the ever growing mountain of federal debt. Investors say that in some cases, debt can be a tool to make money....   [tags: Economics]
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1450 words
(4.1 pages)
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Global Economics - 1. Some economist criticized the comparative advantage principle, contending that it may have helped developed countries maintain relatively advanced technology and industry compared to developing countries. Can you explain how Trade based on Comparative Advantage could have helped maintain the income inequality among different countries globally. International trade is essential for developing countries in order to achieve sustainable growth. This flow of goods and services will significantly affect economic growth and decrease poverty....   [tags: comparative advantage]
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3145 words
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Economics and the Environment - Mainstream economic thought of the 20th century was dominated by the principle of ‘more is better’, this thinking is dangerously misguided. Concentrating on maximizing real GNP has been brought about by economists who are working on the assumption that growth is always justified, because of the infinite wants of the population. These economists also see growth as a solution to the problems of the world today. Even those who propose ‘sustainable growth’ are false in that they assume that it is possible to continue with the growth of the last two centuries....   [tags: Sustainable Growth Essays]
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The Economics of Pornography - Steven Hirsch is still a handsome man at age 39; he has a golden tan, long brown hair, and a new black Ferrari. Steven founded Vivid Videos in 1984 when he was 23. Now president of the lucrative company, he discusses brand recognition and foreign licensing rights from his office nestled in the solid middle class community of Van Nuys, California. Steven sounds much like the young Hollywood movie executives not far from his inconspicuous studios ... until he starts listing some of his company's video credits: Ho-tel Pacifico, Lonestar Virgins #9, and Life on Beaver Ave....   [tags: Pornography Essays]
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The Econometric Analysis of the Dynamics of Economic Growth, Debts and Budget Deficits of Sub-Saharan Africa - ABSTRACT Many researches had done by others on analyzing the relationship between debt and economic growth. However, little attention has been paid to the econometric analysis of the dynamics of economic growth, debts and budget deficits of Sub-Saharan Africa (SSA). The main purpose of this paper is to re-examine the relationship between debt and growth for SSA, by using Granger causality to test between debts, economic growth and budget deficit. In addition, we will be using the Vector Error Correction Model (VECM) and Augmented Vector Autoregressive (VAR) to test the presence of co-integration....   [tags: Economics] 1730 words
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Australia Economy And The Major 5 Member Of Asean Economic - 1. SNAPSHOT OF THE AUSTRALIA ECONOMY AND THE MAJOR 5 MEMBERS OF ASEAN ECONOMICS Item Australia Indonesia Philippine Thailand Malaysia Singapore Population(2006) 20,434,176 245,452,739 89,468,677 64,631,595 24,385,858 4,492,150 Population growth rate (2006) 0.8% 1.4% 1.8% 0.7% 1.8% 1.4% Population density per sq mi: (2006) 7 351 777 327 192 18,645 Annual inflation rate(2006) 3.3 10.4 6.3 4.8 2.9 1 Unemployment rate(2006) 4.9 12.5 7.9 2.1 3.5 3.1 GDP growth rate(2006) 2.7 5.5 5.4 4.8 5.9 7.9 Exports as a % of GDP(2006) 15 27.7 40.4 58.8 100.2 205.3 Current account balance as a % of GDP(2006) -5.4 0.7 4.3 0.3 3.6 6.1 Saving rate as a % of GDP(2005) 20 27 19.8 23.5 17.1 23 Official interest rat...   [tags: Economics] 1860 words
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Health Care Economics - People place various levels of price on their lives and the lives of their loved ones. People take drastic measures in an attempt to increase and improve one's life. Unfortunately, money and economics have a great influence on the value of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, all show that even with health, as with material consumer products, people will purchase more when the price is cheaper....   [tags: essays research papers] 400 words
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Development of a Macroeconomic Model That Can Explicitly Illustrate the Impact of Multiple Kinds of Economic Rigidities in a Common Framework - 14.33 Research Plan Introduction Traditional macroeconomic models have generally focused on how specific sources of market imperfections can be used to explain various macroeconomic phenomena. While many of them are able to effectively illustrate potential avenues of macroeconomic fluctuation, they are often not easily extendable to accommodate other sources of variation as well. This inflexibility means that choosing a model requires implicitly making specific discreet structural assumptions about the economy we hope to model....   [tags: Economics] 928 words
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Classical Laissez-faire Economics - Classical Laissez-faire Economics The earliest organized school of economic thought is known as Classical. The father of this school is Adam Smith. Smith used the concept of the invisible hand to describe the role of the market in the allocation of resources. In the market, the interaction of demand and supply determines how much of a good will be produced and the price that is charged for that good. Absent any explicit guidance mechanism, the invisible hand guides participants in the market towards an outcome that efficiently allocates resources to the production of goods that society desires....   [tags: Papers] 1781 words
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Abortion Economics 101 - Abortion Economics 101 There was a constant debate about the approval ratings for President Bill Clinton in the midst of the sex scandal. At times the ratings were higher than even before news of the scandal broke. Everyone agreed that the high ratings were linked to the strong economy. Herein lies the truth. After all, America’s strong economy wasn't built on presidential scandals, but on abortion. The greatest economic fear right is the possibility of ending abortion, and the champions of abortion happen to be President Bill Clinton and the Democratic Party One should recall that the economy of the pre-Civil War South was built on the backs of slaves....   [tags: Argumentative Persuasive Topics] 823 words
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College Admissions: Philosophy, Politics and Economics - The crucial importance and relevance of politics, philosophy and their related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My experiences of Politics at A Level have shown me the fundamental part it plays in our lives, but it has also shown me that it cannot exist alone, and is inextricably linked to history, sociology, economics and, most of all, philosophy. I have found it useful in my other studies, in adding reality to academic analysis - and a sense of stability and proportion too....   [tags: College Admissions Essays] 409 words
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The Politics and Economics of FDA Drug Approval - The Politics and Economics of FDA Drug Approval The United Sates Food and Drug Administration has been protecting American consumers for around 70 years. The FDA assures the safety drugs, medical devices, chemicals, cosmetics, foods and additives by evaluating products for approval. Controversy has recently been surrounding the FDA's drug approval process, due to a general trend to get pharmaceuticals on the market more quickly. The FDA has been under pressure from congress and the public to speed approval, but pharmaceutical companies, who benefit more than anyone form accelerated drug approval, have also been applying pressure to the FDA through congress....   [tags: Papers] 2409 words
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Contrasting The Socialist and Capitalist Russian Economies - A long-term study of the international market reveals that the Russian financial system is unique, due to its many economic changes throughout its historic existence. It is well documented that up and until 1990, Russia operated as a socialist economy. In contrast, during contemporary times it is conducted as a capitalist economy following the leadership of President Vladimir Putin. All through its socialistic era, there was a constant battle between the poor and those who privately owned their lands, fields, factories, corporations, and various other enterprises....   [tags: Econmomics]
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Comparing Keynesian Economics and Supply Side Economic Theories - Comparing Keynesian Economics and Supply Side Economic Theories Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need....   [tags: Economy] 506 words
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Economics, Winning Bolivias Drug War - Economics is Winning Bolivia’s Drug War A 1998 article from the New York Times reported that Bolivia was winning its war against drugs as a result of two factors that influence the market for coca, which is used to make cocaine. First, Bolivian soldiers raided a number of coca plantations and destroyed the crops. Second, Colombians began growing more of their own coca and, as a result, now buy less from Bolivia than in the past. I am proposing that the basic principles of supply and demand are what helped to solve the drug problem....   [tags: essays research papers] 624 words
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Economics: Turn Around Is Fair Game - Economics: Turn Around is Fair Game America's size and prosperity have made it the largest consumer of imported products in the world. Brightly lit shopping malls adorned with the latest foreign-made apparel, gadgets and trinkets, testify to the vast selection of goods available for purchase. There is a dark side to this enormous quantity of choices: a hefty price tag - the federal deficit. Unfair trade agreements, and, predatory pricing strategies and practices from abroad, placed those goods on the store's shelves....   [tags: essays research papers] 844 words
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Statement of Purpose for a Masters' of Science in Economics in South Dakota State University - This statement mainly focuses in brief on my intention, aspiration and objectives of why I want to get admitted in M.S. under the Department of Economics, especially in South Dakota State University. From my childhood, I noticed how the people surrounded me tried to maximize their satisfaction with limited income. I felt curiosity to know the way how people choose options to optimize satisfaction from scarce resources. As economics deals with such relationship between the unlimited demands and the scarce means, my curiosity has turned into interest of my study and that’s why I chose economics as the major subject in my undergrad study....   [tags: bangladesh,, knowledge, goal] 652 words
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The Economics of Sugarcane Monoculture the Amapa Rainforest - There is great potential for economic growth in the agricultural and agri-industrial sectors In Amapa due to the massive rainforest covering 81 percent of the state (Governors’ Climate and Forests Task Force, 2013). In total, the entire Amazonian rainforest contributes 8 percent towards Brazilian GDP (Homma, Alves, Franco, Pena & , 2012). “The state has an important forest-based economic sector, extracting both timber and non-timber products (including açai, Brazil nuts, and cipó titica)” (Governors’ Climate and Forests Task Force, 2013)....   [tags: Amapa Rainforest]
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A Christmas Carol: The Economics of Efficiency and Grace - The leading character in A Christmas Carol, by Charles Dickens, has become an icon of what it means to lack a Christmas spirit. Ebenezer Scrooge possesses a title much like “The Grinch”; his name conjures the thought of a man who through stinginess steals away happiness from everyone around him. Scrooge’s foil in the story, Bob Cratchit, characterized as a man of humble means, possesses an unyielding spirit for the Christmas season. Dickens’s religious readers could describe Cratchit as full of Christian charity, while they would call Scrooge a man untouched by biblical principles....   [tags: Charles Dickens, trade, Bible, fair wages]
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Statement of Purpose for Dietrich College of Humanities and Social Science’s Economics Curriculum - While other children watched their favorite cartoon or played their favorite video game, reading business articles and watching the fluctuations seen in the stock market enthralled me. Renowned leaders in the business world have always been of interest to me, specifically Warren Buffet. My favorite quote by Buffet is “It’s better to hang out with people better than you. Pick out associates whose behavior is better than you and you’ll drift in that direction.” By attending CMU, I would personify this quote....   [tags: global electronics, mba, academics] 661 words
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The Canela People Subsistence Patterns and Economics - The Canela People are native to Brazil, populating the zone in-between the Amazon basin and the Northeast (“Brazil’s Canela Indian Festivals” 1). Their diet has evolved greatly over time as they came into contact with the outside world. Historically, they were more of a food foraging people than horticulturalists, meaning they mostly scavenged wild plants, roots, nuts and eggs, fished, and practiced limited hunting of tapir, deer, emu, boar, paca, cutia, and fox. Up until the 19th century, the Canela relied only 20% on horticulture (“Canela” 1)....   [tags: the canela, brazilian farming, horticulture]
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Common Sense Economics: What Everyone Should Know About Health and Prosperity - Common Sense Economics: What Everyone Should Know About Economics Summary Common Sense Economics: What Everyone Should Know About Wealth and Prosperity, written by James Gwartney, Richard Stroup, Dwight Lee and Tawni Ferrarini, explains the foundation of economics and how it all works in all aspects of our lives from the role of the government trickling down to personal credit cards and savings. This book was written with clear language for the audience to understand and comprehend the large amount of information within its condensed size....   [tags: book analysis]
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Economics in Jane Austen's Northanger Abbey - During Jane Austen’s era, there was a large economic gap between social classes. The families of the nineteenth century, especially those with a superfluity of children, attempted to marry their kids off to wealthy suitors. When Austen wrote Northanger Abbey, many economic events occurred, such as the Restriction Act of 1797, which limited the amount of money English subjects could withdraw from the bank and caused a panic among them. In Jane Austen’s Northanger Abbey, Austen’s characters portray the effect of monetary status on her society’s behaviors and attitudes....   [tags: Social Classes, Greed]
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Empirical versus Theoretical Economics: A Commoner’s Perspective of the Age Old Debate - This is by no means a paper in Economics and neither is it an “attempt” towards one (as it turns out for me in most cases). This is just a piece where I plan to freely share my opinion on some interesting research problems faced by economists over the evolution of the subject and how we find some striking similarities to them in our daily lives. It is also an opportunity for me to provide my heartiest best wishes and greetings to the organizers of YESM 2013, which is now a regular feature in the calendar of economics students in the city of Kolkata, and perhaps even beyond....   [tags: consumption, prediction, results, decisions] 1794 words
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My Interest in the Applied Economics Graduate Program at the University of Minnesota - As per our Tibetan Buddhist tradition, I was named Kunchok Sangpo, when I was still in the womb of my mother. Born and raised in a Buddhist family, I received my high school education from a Tibetan School, graduated from a Hindu University and completed my postgraduate education from a Christian University. Immersing in different cultures/tradition/religion has helped me look at life from different perspectives. I was awarded a special distinction for securing the highest grade on the national high school standard board exam, amidst all Tibetan School in India and was able to secure admission into India’s top college for commerce, Shri Ram College of Commerce, Delhi University, to complete...   [tags: statement of purpose] 733 words
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Why I Am an Excellent Candidate to Study Economics at Your University - I was born in Nigeria, and moved into the United Kingdom at the age of 15. The differences between both countries, in terms of culture, environment and economic strength are vast and being aware of these differences, have shaped my life and ambitions. The importance and relevance of economic related disciplines to the modern world have led me to want to pursue the study of economics and the act of international relations at a higher level. I am particularly interested in the behavior of firms and organisations from an economic point of view....   [tags: personal statement, career choices] 572 words
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Pursuing My M.Sc. in Accounting and Finance at the Stockholm School of Economics - We currently live in an extremely turbulent financial climate. With major firms being wiped out by the crisis, it is clear that the dynamics of the financial industry are constantly changing to give way to more resilient systems. The quest to understand this transformation motivates me to further my academic pursuit and hence apply to MSc in Accounting and Finance at the Stockholm School of Economics. My formal learning of the financial industry began at McGill University where I am currently completing an undergraduate degree in Economics and Finance....   [tags: statement of purpose] 642 words
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Solving the Foreclosure Crisis: Require an Economics Class to Graduate High School - My plan to fix the housing crisis would be a two phase plan. The first phase of the plan would be how to handle what is going on right now and what to do about the people that are already the causalities of this catastrophic failure of American free enterprise. The second phase would be on how to prevent this from happening again. The core of the first part of phase one would start in education I am aware that you need to take an economics class in order to graduate high school; a new requirement would be added to high school graduation requirement....   [tags: Foreclosures,] 1263 words
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